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I doubt any deal with Tjate will be made in the foreseeable future. With the debacle at the power agency Eskom going on and lack of electrical capacity noone is going to take on that project irrespective of what Highly Geared seems to suggest he knows about.
Zambia is a much more stable option both from a cost and labour point of view and is why imo LC is pursuing it so hard.
LC has millions of options. He has no need to buy shares to make petty cash. His objective is to build the biggest recovery company in the world and is currently doing a great job at it.
Also Jubilee remains the single biggest shareholder in BMR, so there would be no reason to suspect anything untoward .
GLA
I doubt any deal with Tjate will be made in the foreseeable future. With the debacle at the power agency Eskom going on and lack of electrical capacity noone is going to take on that project irrespective of what Highly Geared seems to suggest he knows about.
Zambia is a much more stable option both from a cost and labour point of view and is why imo LC is pursuing it so hard.
LC has millions of options. He has no need to buy shares to make petty cash. His objective is to build the biggest recovery company in the world and is currently doing a great job at it.
GLA
GlA
L2 Analyst
HL charged me £5.95 to buy 152,215 @ 5.19 this morning !
ATB
ig charging 5.55p to buy 200k shares
HighlyGeared
I fully understand and agree with your comments about the quality of posts on this forum. The quality is somewhat better than ADVFN but still below my expectations. Anyway, it is what it is so let's move on.
All JLP shareholders would welcome a Tjate deal but it would be a pleasant surprise if it were to happen. Current average PGM basket prices in ZAR for calendar year 2020 are high (27K+) and are close to all-time ZAR highs. So from a price perspective it is definitely a good year to be a PGM producer. The problem/risk I see is where will the ZAR price be tomorrow or in 5 years. Platinum demand has not recovered from dieselgate and the expected palladium substitution doesn't appear to be happening. The USDZAR exchange rate is also difficult to predict. I don't see any catalyst for the price of platinum to go significantly higher over the long term. So is there a miner out there willing to commit the capital investment based on the uncertainty? Even if a miner makes an offer for Tjate, they will most likely throw us peanuts for it with the bulk of the revenue in the form of royalties on production. I hope for a Tjate deal but I don't expect it.
As for JLP in general, the PGM earnings should give the company a decent profit this calendar year. As I have said before, I expect EPS of 0.7 pence for calendar 2020. If copper can stay above USD$2.60/lb then we can expect another step up in earnings in 2021. As for chrome, it hasn't done much for JLP in the past and I doubt it will until we see another significant price increase.
Homey.
I'm sorry to be blunt, but that's for me to know and you to find out. Its all in the public domain if you are prepared to put the graft in. I could list the pieces of the jigsaw on here. Maybe I will one day, but not before other people make an effort to contribute.
I stand by my assertion that a deal will be done this calendar year. The other two deals ranked 1 and 2 will come beforehand.
I don't mean to be harsh, but the level of input needs to be raised on this bb.
It resembles 'grandad's potting shed' discussions. If the average age of contributors is 85 and that's what you are looking for, then fair enough but wouldn't Gardeners Question Time be more appropriate ?
This should be about proper discussion and argument leading to cutting edge investment knowledge. Not off the top of your head opinions. This is an investing platform, right?
HighlyGeared
What makes you think a Tjate deal will be done by the end of year? Given the ease in which you criticize others for their opinions I assume you have something of substance to back up your third claim.
That's because you have not done any research.
It is just your subjective opinion based on nothing. Dig deep ,and then come back.
Can’t see the Tjate deal with the Chinese? South Africa would be very wary of this?
The level of incompetence and utterly wrong opinions on this board is so shocking it defies belief. Some of the opinions are so utterly opposite to reality it is embarrassing.
There are a few seasoned campaigners such as Jammer and Moneyhawk who keep things on the right track and who provide great info and a sense of balance, but otherwise the discussions are so incorrect and off topic it is outrageous. They are not based on fact or learned opinion, but on zero research and limited intellectual ability.
This company is about to undergo a great growth story and SP trajectory, with several different revenue streams, which many here are not even aware of, yet they bore on, like back sear drivers, or wannabe CEO's. Who gives a flying fk about the zinc at Kabwe for the mo. Its not a priority for various reasons, although it will be in time.
In the short term watch out for;
1/ DCM pgm's being processed at Inyoni
2/ New chrome chrome/pgm deal with a major, to take up excess capacity at Windsor.
3/ Tjate deal before the end of year with top Chinese miner.
All blowhards, just give it a rest. There is great news to come from JLP in the short to medium term. It ain't that difficult to understand.
Hi Jolly
There must be other different processes involved in the refinery that haven't been mentioned.
Just a few molybdenum, lanthanum cerium are ones that spring to mind
thanks bamps. whatever it is it must be financially significant for jbl to go to the effort of putting in a cobalt recovery circuit . i note that cobalt was $100 000 /ton in 2018!