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Also I do like your insight into trading and where you think the highs and lows are keep posting that if you don't mind.
Yes didn't post much. Lost interest when the tailings struggled. I was never in it for Tjate always thought that was a bit of a pipe dream with Colin's hype but liked the pgms (conroast lol). I tended to be in oil and gas back then JLP was my first foray into more solid minerals and then built up over time with copper.
I remember when all the elephants and leopards were flying around me and MIkie talking about 50p a share maybe more of course there were a lot less shares in issue then. Never traded on aim as sentiment can play a huge part. I have been on the right end and the wrong end of that. Good luck to you on trading charting does have its place and you probably benefitted from it more often than not.
About 5k tons per year from each of them by my understanding. At least 2 signed already and 40 odd more to go. That is a lot of copper.
Didn't realise you'd been around that long Gray1. Maybe the length of time gives us Long Term Sufferers a different perspective.
In the here and now, the inevitable pullback that Frogkid foretold looks like it's over, a close above 6.8p would be a nice solid finish, opening up the prospect of more gains in the near term.
Been in since the Middleburg days too. Its been a loooong time.
Middleburg, now you are going back!
Yes been a long time and highly educational. Got quite good at reading between the lines for example. JLP has always been an opportunistic company, I liked Leon's Sunday Roast interview where he said they were now PLANNING to be opportunists in relation to pgm,s. Stocking various grades of material and choosing which to put through depending on the market price. Sort of Colinesque at the root of it with Leon's need for control stamped onto it. We'll have Tjate up and running soon, taking the Merensky Reef first, powered by Power Alt at Middleberg lol.
Hi Kalan. Yes it has been a long time in here for us both!
Yearly chart 60% sure we have had another low put in- will check at close of play today.
Weekly chart looking positive, technical barrier to watch out for is a move above 6.77 which IMO would indicate we are on the up again. Finished buying now - the weekly chart convinced me to take the gamble. Not suggesting others follow suit, the smart move would be to wait and pay above 6.77p after confirmation. (Averaged in at 6.6p on the nose - happy with that.)
I bow to your superior knowledge Ardbeggar on the Framework agreement. The way I look at it is Roan is the key to all of JLP's short term future. Success brings reduced costs, more income and removes the ability for IRH to pull the plug (if I'm reading you right).
(Not sure who realgit is calling a johnny come lately Frogkid - you or me, but we've both been here 3 times as long as he has!!! Wish his mum would let him go out and play for a bit.)
Always good to see the money Frogkid. As Ardbeggar says they are undertaking billable work now. When they have identified a location then they will need to order all the machinery they need then you will definitely know all is good.
I agree with Ardbeggar JLP would have to seriously mess up for it not to go ahead now. Meanwhile we wait for Roan not long to go if they want to have it commissioned by the end of May.
So it would appear I am wise to be cautious on IRH until they part with the money?
Copper360 up another 16%%%%%
That's 250cents to 470 cents in 4 trading days. 68%
I really hope we get the same reward!!!
I think we deserve it.
So, on the topic of the small miners....what are they actually up to there? What's the strategic goal in signing all these up?
If they keep signing up the small miners it will be a very useful hedge against anything going t"ts up with IRH. There is more copper than they can presently handle there.
Sure, agree entirely. Basically though it's all good in that area unless Jubes do something monumentally ridiculous.
Like I said last night....come on Roan, that's the one that's the prood in the pudding that we need to see.
Ardbeggar there will be break clauses in so that IRH can walk away it is usually the case. IRH would be remiss if there wasn't. Like you they are just waiting for the i's to be dotted and the t's to be crossed and it will be off to the races.
Frogkid I would expect an RNS when JLP announce where the first module will be.
Also, in the interests of balance I'd say that there is probably a break clause around strategy and location of units, i.e. if Jubes produce a plan that makes no f*cking sense either logistically or financially IRH will be able to walk away with just costs to date incurred and break the partnership. For negative doomsayers that's probably the one to worry about. Unlikely to happen though as Jubes are the advisory experts here and IRH just the money men along for the ride.
Thank you Ardbeggar, and Gray. I will bow to your superior knowledge. Gotreal, my apologies, I had expected to see a confirmatory RNS. So we are just waiting for the confirmation Roan is back up and we should be off and back into double figures.
Thanks Gray1....agree with the next step there :
"As per the agreement with IRH, Jubilee is undertaking a detailed resource definition to confirm the material reclamation strategy and location of the targeted processing units."
Also, that will be billable work to IRH so it has kicked off.
Frog, a binding framework is a contract. It's bigger than that though, it's a framework for multiple contracts and establishes the basic ground rules for them, meaning that contracts/agreements can then be spaffed out super fast later as all the key details are pre-agreed in the overarching framework. If IRH exercised their right to progress with the waste rock deal (they did) then it is legally binding, there is nothing more to sign as everything is covered in the framework, it's done....my question to you would be what do you think the next steps would be?
For me it's green light has been given, Jubes now start billable work. If you don't think the same then what do you think is inbetween where we are now and work getting underway? Again, this is how I see/understand things so I might be wrong just interested to know alternatives.
I think Ardbeggar is on the money with his last post Frogkid.
Once this next bit is done then IRH will put some money in.
"As per the agreement with IRH, Jubilee is undertaking a detailed resource definition to confirm the material reclamation strategy and location of the targeted processing units."
Great, I'm happy to be proved wrong but to me it is not done until contracts signed. I would expect to see an RNS.
Ugh it posted before I pressed enter. As I was saying, they signed a binding FRAMEWORK which is an outline for a specific contract or group of contracts which establishes responsibilities, cost agreements etc etc. That's the bit that was inked months ago that WH Ireland refer to. Next is due diligence, which is where if Jubes weren't up to snuff IRH would have walked away. They didn't, they chose to exercise their rights within the framework for the waste rock project. So, that means they are signed up, it's underway. There will be break clauses for if Jubes can't/don't deliver, sure, but they are signed up to this project, and if it's a proper framework then potentially others later on down the line. At least, that's my experience and understanding of such things, appreciate different people and different countries do/understand things differently.
I agree entirely with everything you wrote there Kalan....except the bit about the IRH contract. I'm with Gotreal on that, they have signed it. I work in an industry where we deal with contracts like this all the time.....they signed a binding FRAMEWORK