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Buttef*ck......if copper was merely a marketing strategy why are IRH going into partnership with Jubilee after completing due diligence that will have let them see every design, every financial figure, every cost projection etc etc.
Was Chrome a marketing strategy at 40k tonnes per year in 2019 before it ramped up in modular style (like Copper is being planned) to 2m tonnes making Jubilee almost the top producer in the world? Where's my clown emoji when I need it?
If Only,
If that is the case then I would politely disagree and venture a different opinion. Some people forget or ignore what has been built over the last few years - I don't.
I understand frustrations and as Leon has admitted they made quite a serious error when getting copper started in Zambia.
I recognise the past but also look to the immediate future which has a whole host of opportunities - some as the Mining Minister for Zambia commented is because Leon and the team are very good at what they do.
I'm sure you'd like me to filter you and your illiterate co-workers but I'm sorry I can't do that. Where are you based anyway? Mumbai?
I believe Charles's last paragraph is basically saying that lion is an engineer who's interested is designing solutions to resolve problems. After the problem is resolved he moves on to the next problem rather than concentration on producing the goods!
@Seisnav Please do yourself a favor and take a break. You are running out of arguments. I really don't see why you defend the company at this point. Maybe you get paid from WHI or from JLP to keep SP up for further dilution. Everything else does not make sense. Zambia expansion is a disaster and I wonder how much longer they can subsidize Zambia.
Building infrastructure first to produce copper without having the right technology to extract it, does not look like a viable plan to me. Right now copper expansion in Zambia is just a marketing tool to sell shares.
You are like a child gotreal
Copper 360 are not a £200m company (in fact was a £400m+ company) that have been promising copper for years.... and yes in the scheme of things the small amount produced is insignificant, nor does it yet prove they can scale up. That is why there share price is where it is.
And he said the company is not producnig copper - fullstop. And 300 or 400 tonnes /mth is meaningless yet Copper 360 is getting all the plaudits for producing 450 tonnes? Ha!
Buttermilk loses the ability to speak English at regular intervals, presumably when they change shifts.
No I am being factual. isnt that what he/she/they keeps banging on about - when it suits of course.
In other words you are siding with a deramper account run by more than one person.
I agree with Buttermilk, the point being made is JLP are currently producing very little meaningful copper volume and have delayed again meaning they are not benefiting from the current highs. Id say claiming otherwise - ie that they are in commercial production is more a misrepresentation of the facts.
Gotreal, I don't understand what the last sentence refers to unfortunately so not in a position to comment. If Charles would like to provide some detail then happy to venture an opinion.
ATB
Northern
Why, Gray? Please explain how calling out a serial liar makes me look as bad as him......
What about the last scurrilous comment, Northern?
Charles, you could be right or it could be a function of a particular batch of the particular feedstock in the period. I don't know for sure either way.
I remember discussion at the AGM regarding the feedstock as with the new modules they should have a lot of excess PGM material from the processing of the new chrome sources. My personal view is they will switch the third party processing on in Q4 to go through some of this.
ATB
Northern
Not worth commenting on that....
Put your tin hat on Charles after that post. I've hidden behind the sofa:)
That's weird showed as a double post now one has gone.
Sorry for the double post Gotreal I didn't think the first one had gone.
It just makes you look as bad as him Gotreal and then the board descends into a slanging match. I get your passion for the company.
The Ftsee 100 is at record levels but JLP continues to weaken. As long as I can remember when Chrome prices are up so PGM prices are down, and the reverse is true. Thus one would expect JLP to concentrate its efforts on recovering the most profitable mineral in SA, as sound business practice, and not as new wisdom as some attribute to LC.
For Q1 FY 2024 Inyoni PGM production increased to 10113 ozs from Q4 FY 2023 9350 ozs due to increased feed from the Thutse new module. And the RNS states this process is expected to continue as the Thutse Processing Module operates at design capacity.
But for Q2 FY 2024 PGM production fell back to 8339 ozs, due the RNS states to reduction in available stock of lower grade PGM feed material being available. Yet I remember Inyoni as built on the site of the old Hernic PGM recovery plant, where there are literally millions of tons of historic low grade PGM tails waiting to be processed by Inyoni. Thus the above is maybe another LC hidden problem, he never admits to any problems.
For myself in Zambia JLP operates strictly according to Murphy's law: If it can go wrong, it will go wrong : And this situation will continue until the salaries of LC and the BOD are linked to share price performance.
LC built built his private test centre in SA in record time, and this is where his major interest lies; not in ensuring after some five years Roan produces copper concentrates.
.
I agree Gray that it is WIP. Just reporting what I have seen on TV at lunchtime
Yes Mikie, there are several 'Black Mountains' I believe, all furnace s l a g dumps which are still being added to. The biggest one is at Kitwe but the one we are involved with is the Mufulira dump. Apparently they are quite different in composition and require different processes to extract the copper and cobalt. I believe Leon said they expect to do it in stages with the easy to process materials being dealt with first to generate revenue while they work on the more complex stuff.
Northern
On the link Seisnav posted he said there was corruption but they are working on it to eliminate as much as possible and they have only been in power for 2 years. It will take time and there will always be some. Difficult to eliminate it all. Even western governments have some corruption.