Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Homey
as I hope you can now see that the minister of mines in SA has threatened to withdraw Sybanye Stillwater mining licence effectively committing suicide as a country who can only survive with new investments entering the company.I only hope the president has more brains than the minister of mines.A good example of Africa unfortunately.
Seis, no need to wonder.... the dine and wine must have been top notch!!! :-)
That video clip was recorded in March. In May we find out that the Cobalt circuit in Sable is unexpectedly being made ready and will start commissioning in June… Now I’m not saying there’s a direct connection, but you have to wonder!
Exactly Dorfan01, this is Africa... here we dine and wine.... and take photos.... before we mine!!!!
It’s not just a photograph, it’s a video clip and the Minister for mines and minerals was clearly offering for us to get involved in processing the copper and cobalt rich ‘black mountain’ dump at Kitwe as well as the other dumps (presumably the ones at Luanshya and Mufulira). All that based on what he saw at Inyoni and in particular how the local communities had been involved. I’d say that was a pretty significant endorsement of Jubilee and a desire to do more business with them.
Thank you for that post JLPP; one of the most astute and important for some time. It is just too easy to critique without knowing the actualité or understanding the dynamic of the environment in which we operate...or what is involved in running a £400 mill T/O company employing 800+ people with many operations. But when you look at the make up of the senior team you understand the depth of talent we have working for us.
Homey
Great that you asked.I built up a company in South Africa from a market cap from R1.28 Million which is today worth 5 Billion Rand and could not have done without the help of the Royal Bafokeng Nation who had close ties to the South African Government . South Africa and for that matter Zambia are not first world counties and cannot be equated to England or the USA. Believe me you need to live in the country to understand how important it is to have friendly relations with the SA government and I would assume the same for Zambia.
So to me it was a massive deal to see that photograph.
@HTC
I will tell you exactly how a Zambian government official help JLP. Irrespective of where Government official reside, all of them are Politicians and all have them have a high sense of worth (deserving or not).
The primary reason why BMR lost their prospecting licence in Zambia was because they only wrote letters to the Zambian Government. They never got on a plane to go to Zambia to meet face to face with a single government official. This is a statement of fact, I got that information from LC himself. Previous companies like Glencore and Vendanta Resources had their mines and licences stripped by the Zambian Government. They showed little respect. Understanding the jurisdiction and culture of the people you are in business with is critical, especially in Africa.
https://www.bloomberg.com/news/articles/2022-05-11/vedanta-agrees-to-suspend-legal-action-over-zambia-copper-mines
https://www.ft.com/content/08222111-98cd-499c-a1ce-1b0e6c43d91b
Read at your own leisure and you will glean a better understanding of Dorfan's assertions.
Have you ever even thought why Dr Mathews Phosa is a director of JLP? Read up on him and you will see for yourself.
Share price movement is not only based on earnings as we LTH are all well aware of, it is the future prospects we concern ourselves with.
DYOR
Be well
Dorfan
I am not being cynical, so treat this a genuine question....how does a content Zambian government official help JLP? Is there some approval or license that is pending that I am not aware of? Can you provide some evidence that would impact the share price (as you suggested)?
I don’t recall any announcement by the company that there would be no dilution. What I do remember is that they would not need any dilution for their announced plans at the time. I do remember Leon being asked about future dilution and his reply was WHY would we need any further dilution. In the event, shortly after, the company came up with what I think was a very good reason for dilution. I never have a problem with a company decision to dilute which gives me a slightly smaller slice of a much bigger cake!
For me the Eastern limb is a great idea and has been in the plan for a very long time. They have had the target location lined up for a long time. Colin referred as much when I spoke to him a year ago. Leon is playing this perfectly and as Dorfan says this is based on long term projected prices and takes a lot of planning. You cannot plan this on short term daily prices as this would be tools down one month and pick up tolls the following month. Contracts secured before development is another smart strategy. Who wants to build a plant and then wonder what they are going to do with it. The implementation of the Eastern limb has been and is being planned for a very long time. The fact Rhodium prices have dropped for a very short period due to a shutdown in China is no more than a temporary inconvenience in a 3-4 year long term plan. Leon is implementing this perfectly and taking great care to make sure it is a success. This is a very forward thinking company planning well ahead. If you don’t prepare then prepare to fail. For people not liking the fast development and growth of Jubilee, maybe a company like SLP would be more suitable. But for me I’m hanging onto Jubilee for all its worth. The next couple of years look tantalising, new copper, new cobalt, new PGM and chrome plants, it doesn’t get any more positive it’s as simple as that.
I do concede many points made by homey are valid.Dilution when the company promised no dilution, but any rational person after the announced dilution should appreciate what is the problem,the actual dilution or the fact they had announced NO dilution.I have been a severe critic of how their PR seems to ignore the private investor and will continue to criticize their PR which has been hopeless and needs to improve but that bad PR does not change my opinion of a company going places.Homey you want facts as you discuss the East Limb.You do not base decisions to build a plant on the East Limb based on the price of Rhodium which may soar once the world is producing more vehicles,but on overall estimates if in the long run it will be a good move.I believe that without doubt a new plant will be the correct move for the future of the company and so I cannot get negative if they dilute if they need extra funds.Like you I hope they will manage the costs from cash flow,BUT overall it is a good move.
You trivialize that the minister of mines from Zambia travels to South Africa to meet Leon at Inyoni and remarks that he is happy to see how Jubilee treats its employees in the country referring to both Zambia and South Africa which you pass off as immaterial as it is not a Chinese official and therefore I must agree with Gotreal that go out of your way to put a negative spin on the company. Your intentions may be honorable but you come over as an extremely pessimistic person.
kaiser
in all fairness,10 years ago,he held over50% of the comps shares,probably more
but not now,so he as more to loose,than anyone,so he'll be trying his damnest ,to save the comp and his remaining stake
anyway,soz for the OT,last post from me,on that subject
gotreal
I understand you are referring to me, so let me explain my rationale. I want JLP to do well, I have a lot riding on it hence why I am passionate about this stock. I want JLP to play their cards correctly and seize the opportunities out there but do it in a conservative and sound manner. I want JLP to be focused on increasing shareholder wealth, i.e. focus on EPS, not just increasing revenue and potential earnings. This financial year will see a drop in EPS and next financial year should hopefully see an increase in EPS that exceeds FY19/20.
To give you an example of the way I think, let's talk about the Eastern limb expansion. JLP was not forced to expand in the Eastern limb, they chose to do so. They have entered into a contract where they need to process the Eastern limb tailings, incurring a massive transportation cost, a cost which was larger than they envisaged due to the oil price rise. Rhodium prices have dropped since the Eastern limb tailings processing commenced exacerbating the problems with the economics. I am not saying they are making a loss processing the Eastern limb tailings, I am saying the margins are not as good as they expected. JLP now NEED to build a plant in the Eastern limb to improve the economics of that contract. Do you expect me to be happy with this scenario? I am not. So now we are in a situation where JLP don't have the funds to expand into the Eastern limb and as history tells us, JLP will most likely do a capital raise (another dilution event). Given we are about to enter a period of global economic slowdown due to central banks being forced to raise interest rates, I would have preferred JLP delay the Eastern limb expansion until they have the funds in the bank. JLP could then acquire the tailings rights and mothballed facilities at a cheaper price and not have to raise capital. If JLP had enough cash and debt financing, they can do what they like, but when they continually choose to dilute existing shareholders, I have every right to be critical of their actions and decisions.
As for the majority of what I post here, it is backed up with facts. I have asked you many times, debate the facts I present so we can have a constructive discussion. As for my credibility, don't worry about who I am, worry about what I am saying and if you don't have anything constructive to say, don't say it all.
Troajan, do you really think MM will release his chairmanship to another? I wish he would, but he won't.
Gotreal, if those posts are backed up with facts, then it is part and parcel of a free board. If I post thoughts or opinions, I state as much so that I am clear on the matter. Yes, I have posted what could be construed as negative or BOD bashing on here, especially in the aftermath of paying off all historic debt, BUT sometimes it pays to listen to a negative post and so what if Homey is posting disparaging and snipey comments. He is not as bad as another recent poster and I do feel on occasion that Homey has a point with his comments, not the supposed insulting or snipey ones, but if he wants to bash his investment that is his choice and there is nothing you or anyone else can do about it because, unless you uses ****** language, as a certain aforementioned poster did, it is a free speech board and whilst you might find it annoying, he is entitled to his point of view and to express it accordingly.
Kaiser, whilst I agree with the sentiment of your post, how you express your opinion matters. When someone constantly, and I mean, constantly, as I have never seen a positve, non-sniping post from the individual concerned, writes in a derogatory and belittling manner and yet claims to be a major shareholder then I must doubt their intentions. The vast majority of those posting here are, I beleive, investors and financially, and therefore strategically, interested in the company's operations and future prospects. When someone goes out of their way to try to undermine the achievments of the company as if they were failures then I must doubt their veracity and legitimacy and conclude that their agenda is not as it purports to be and not in the interest of the majority here.
kaiser
yeah,your spot on CB would be the top man for sorting out production process's
SEND HIM OVER.lol.
anyway,rmm/sgz/vast/orm/tstr and a few more,have also had a nightmare,gettting intofull production,orm and tstr,never made it
so i guess,its a period,in the mining cycle....to avoid
Great Post Kaiser
Yep Troajan,
I couldn't and can't understand that either, especially with Jubilee able to extract such wealth from tailings let alone ROM.
I was looking to get back in to them once the problems ARE sorted out, but I really do worry about the Blackrock Loan being a massive drag on the company.
Thanks Kaizer
Agree that all posts are welcome and everyone is entitled to their opinion.
kaiser
and yeah,they still couldnt get the ROM feed over 50%.
no idea why.
Whatever your opinion on the company, be it good or bad, we are all here to make money, some will do it by trading, some by holding long and possibly even averaging up to hold more, whatever the game, we are all here to make money. I don't care if people have a negative opinion of Jubilee, so long as they back it up with facts. Homey IS entitled to his opinion and on some points he is right. We were promised no more dilution, but we got more dilution. Yes, it cleared all the historic debt and yes it was known about debt, so technically no more NEW shares were issues, but it was still a dilution after no more dilution was supposed to happen and YES, we will be in a better place once we know WHO is taking over as Chairman, personally I hope it is a big name, but we shall see.
Additionally I agree with most of the rest of you. I think that we are on the cusp of becoming a billion+ pound company in short order and that this industry that we have in effect made our own will become one worth tens of billion pounds a year, and we might even see our share price towards a pound and over, without a consolidation, if we stay a company that doesn't get bought out for our tech and expertise.
However, regardless of what people say about the company, both good and bad, let's try to keep it civil this board is a good board, now a certain someone has left it alone and we should welcome ALL opinions because all opinions are valid.
If you want proof I went to an AGM of a little AIM company who mine tungsten in Spain. I listened to the Chairman and was throughly enthused by the sales pitch. Later on, I got chatting with a REALLY rich guy who was looking to invest in the company and the chairman was keen to have him on board, so the chairman wandered over and they began chatting and the rich guy was asking REALLY probing questions, such as what happens if this and what happens if that. It was stuff that I, honestly hadn't thought of, such as the weather and flooding, etc. We'd done a shed load of research and found out that flooding occurred on occasion. The chairman seemed non plussed by these questions and just said everything had a plan without really elaborating. Anyway, it rranspired that there was a lot of rain and the water dam flooded and prevented the company getting to the good ROM for a long time, efficiencies were terrible, etc and they didn't make anywhere near the levels they proposed they'd make. Luckily I had sold out of the company on a bit of a spike and made a bit of money, but not a whole lot for the amount of time I held those shares. The company in question is now on a suspension, so YES, both positive and negative posts and opinions are healthy for a company, so long as they are backed up by facts rather than just a negative effort trying to make something happen for your own gain.