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Happy, I would also hope that Jubilee gets a piece of the pie - but what is you rationale for a Sibanye/Jubilee link up on Mopani? Thanks
Might be a good time to start accumulating Sibanye shares... they almost at xovid lows...
If they do get Mopani the share price could triple on the day of the announcement.
Im sure JLP and Sibanye will form a JV in regards to mopani as well...
Https://time.com/6311954/china-diplomacy-g20-zambia-venezuela/ Xi hosting Hichilema in Beijing next week... As Zambia is deep in debt to China I can't believe the joint Sibanye/Zijin bid for Mopani won't win ...
Yes it was the ARCM board that alerted me to the interview, it wouldn’t surprise me if that was the first Arc had heard about it too, if it was only signed off today! They may have to issue some kind of RNS about it but as the process is still ongoing I’m not sure what they can say really. The Zambians don’t seem to worry too much about the markets, the President has already openly discussed the Chambishi Metals situation in an interview, as highlighted by Leon…. It’s always worth checking these interviews… you never know what snippets you’re going to pick up!
Nice find Seis. I do wonder if he is being a bit hyper-enthusiastic. There is an earlier comment about ARCM which seems to be hugely price sensitive but is not associated with any RNS from Arc so far. Anyway, as a politician he surely knows that he will have to account for what he says so, like you, I am anticipating news from Chambishi soon, be it positive or otherwise.
Nah, sub 6p by EOM 🤣
This is really awesome. We are going to print $$$, without doubt. My wild uneducated guess: 10p EOM?
Oh wow, the gateway to the North.
Https://fb.watch/mVs80MkQx6/
Have a listen from 57 minutes… sounds like an announcement might be very close, tax issues agreements have been reached.
Couldn’t keep that one to myself!🍾👍
" SLP will fall because they have announced big spending plans "
I suppose you have heard of compound interest ? Well this is compounding profit and it is very much more lucrative.
ATB
Anyone checked out Leon on Twitter?
When he joined, posts, following, followers etc etc
I think you should
Yes jammer and to that their potential 200 mill capex spend requirement.
SLP need to hurry up and get the finance package out to the market, hopefully they'll use debt. Their huge cash pile plus assets should easily cover any capital requirements. Their pgm earnings should comfortably cover the interest part of the loan easily
It would make sense that there is money on balance sheet - the future eastern limb / mopani work seems to be slow in announcing and as such we would have the FCF being parked for when these items come to fruition.
So not a bad situation for me - as ever with ratio's or charts for that matter - being able to link them to the narrative of the share is helpful.
If leon has too much cash he can give it to me
Excellent set of results from Sylvania this morning. Operationally a very well run company with very clear financial reporting, a lesson for Jubilee! BUT slide 16 in their corporate presentation shows up clearly the massive 75% potential fall in their Group EBITDA if the current PGM spot prices prevail throughout their FY24.
By far the most clued up person on the other board is Bullster, pay attention to his absences
What with bushbaby relentless babble and the popular ads this board is unusable. I'm sticking to the other place. I will post one more message after which will get removed quickly
*wrong
What is wring with you
Big sale getting worked through at 6.65 will print over the next couple days.
Keep you're on the trades you'll see it, no doubt a couple of lunatics in here will try to pass it off as a buy
Well if you was ramping at 20p and calling for £2 a share then you're definitely on the wrong side on that time frame ha ha ha ha
2.05p to 21.9p is not too shabby either. It depends on what time frames you choose for your 'testament'.
If the Current Ratio is above 2, then the firm has too much unnecessary liquidity as its Working Capital is far too much to cover its Current Liabilities. A Current Ratio above 2 suggests that there is too much Cash, too much Debtors (Accounts Receivable) and too much stock – too many funds are tied up in unprofitable assets. Cash could be better spent to generate more sales. Too many debtors increase the likelihood of bad debts. While too much stock increases storage and insurance costs. All these assets could be better managed to increase efficiency, used for growth and expansion.
Cash just sitting in a bank is a dead asset and nowadays generally a wasting one with inflation. The company is inefficient.
Totally agree NTD, but may be a little harsh on the recent history. Mainly due to a fall in PGM prices, which i feel Jubilee have moved extremely fast to start capitalising on the increased chrome prices, whilst still moving the copper projects on. Certainly nothing wrong with the cash flow after completing the new chrome plant and expanding Roan from ones back pocket. Both these projects will further enhance the cash flow now.
So do I Nelson...22p to 6p is testament to that