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Hi bushy why don't you run into the (foxy)and don't find your way out please please please
JLP was way way overbought and overvalued, the market is just balancing out to equilibrium.
More to go yet though before the scales find their true position.
Copper now broken through $8,800/t .....
OM, I agree. But I think Leon has accepted his mistake and he will put it right. Recent RNSs show that they are now going in the right direction.
OrionMinerals ...please point me to the announcement where Leon has said we would be producing nearly 6,000t of Copper by now...or in fact, AGES AGO according to you?? Klutz.
That copper guidance should have been beaten ages ago. it's always going to happen tomorrow. Leon is responsible for the decline in the share price.
Thanks, gotreal, I agree and hence why I think the copper guidance given now for FY2024 will be comfortably beaten.
Actually NE, the RNS states: "Copper guidance is impacted by the upgrade to the Roan concentrator expected over the next 12- weeks. Guidance will be reviewed on the back of the successful completion of the upgrade. We remain focussed on achieving 25 000 tonnes per annum capability at the completion of the strategy by 2025." So the 5,850 is a, probably rather conservative, estimate and a more accurate one will be announced once the ugrade work is complete.
I disagree. Investors are waiting to see actual production capacities being met for copper not hyperbole from the company. We have seen evidence that the copper is ramping up to good levels (last 3 months they have produced @520 tonnes per month - which is good progress). I would rather they under promise and over deliver - from the guidance in the last RNS it would seem they are doing just that. In my view they will comfortably exceed copper guidance of 5850 tonnes for FY2024 but until we see this actually manifested in the numbers, no amount of education or convincing is going to work. I think Leon now realises this and hopefully the good or better than expected numbers will do the talking for him.
Hi Gotreal
Jubilee has a problem to educate investors that the company is a serious copper producer.Until Leon can convince PI'S that in the not to distant future the claim of 25000 tons + will be achievable we will continue to have a frustrating low share price.
METALS – London copper prices set for best monthly gain since January
04:48
July 31 (Reuters) – Copper prices in London were on track on Monday for their best monthly performances since January as traders cheered the prospects of further stimulus in top consumer China and that the U.S. Federal Reserve will pause rate hikes for the year.
Three-month copper on the London Metal Exchange was up 0.2% at $8,679 per metric ton by 0301 GMT. On a monthly basis, the contract was up 4.4%. The most-traded September copper contract on the Shanghai Futures Exchange increased nearly 1% to 69,450 yuan ($9,724.44) per metric ton. It is set for the second straight month of gain, up 3.6%.
U.S. annual inflation logged its smallest increase in more than two years in June, raising hopes that the Fed is close to ending its interest rate-hike cycle, which could potentially halt a dollar rally that has made greenback-priced metals pricier for holders of other currencies. The dollar was headed for a monthly loss.
Pledges from the Chinese authorities to boost the country's troubled property sector – which accounts for a vast amount of metals consumption – have also been fuelling bullish sentiment in the metals market.
Hi Charles, I try to give the fool a chance but he continues to spout gibberish so he will have to go back on filter.
Froglet... I posted here at 16p that JLp would hit 8p. You laughed then eventually conceded I was just lucky.
I then posted that HUM would treble from 5p, I was wrong there though as it went to 20p, then I called HUM 11p as it came off a little to 17p and now I'm just foolish.
You're truly deluded froggy. the last time I came across posters like you was at BMR and similarly not even anything here to trade anymore, no volume, large spreads and a wide ATR.
Wake up man before you find yourself turning off the lights as your reward for 10 years of ramping.
@ gotreal
Have a look at this link.
https://investingnews.com/daily/resource-investing/industrial-metals-investing/chromium-investing/top-chromium-producing-countries/
Finland, the FIFTH largest COUNTRY producing Chrome according to the article, producing 2.2 million Metric Tonnes (MT) per annum. That should you an indication of how much chrome (@ 1.2 million MT per annum and growing) JLP produces in comparison.
GLA and DYOR
Frogkid ; A Bush Baby is a delicate little animal, whereas Bushy Tail comes across like Plat Hunter of the past, a total idiot. But over time they all expire, and only those who see this BB as a source of info for the benefit of all continue.
bushbaby, you literally make a complete **** of yourself every time you post
That's amazing, Jack, for a company of JLP's size.
Cheers Mikie and all. Have a good weekend.
I note that Bushbaby has lost more money on HUM this week.
Gotreal With what we have in the pipeline I believe Jubilee will be the 3rd biggest producer of chrome.Only Samancor & Glencore will produce more.In South Africa there are a number small producers but since Samancor took over Hernic I don't know of any other producer that produces more than Jubilee
@ Frogkid, absolutely, under promise and over deliver, but promote what you deliver. That RNS underwhelmed, when it could have overwhelmed! The copper production was a big mile stone as Seis points out, but that RNS almost disguises the fact.
@ Gotreal- thanks, i guess a way to go for promotion up the table, but looks like Leon is working hard on it! A chart or table would be very interesting.
Wouldn't be happy at all at that silly price.
Jack Dorfan would know, Mikey. Annual production is around 19 million tonnes. I think we are fourth or fifth largest at present and that probably wouldn't change.
Thanks SeisNav, as always.
Mike, under promise and over deliver?
Seis, thats great analysis and puts a very important spin on the final quarter, last financial year. Really proves the copper is working and we have a big future. The real dissapointment was the 5 minute RNS from the company that really wasted another opportunity in my opinion. At least it was timely, but the management must learn to promote the company from within. Chrome is really quite exciting, with a target of 2m tonnes. Does anyone know where that would rank us in the chrome producers?
Nothing much was made of it in the last update but copper production tripled from Q3 to Q4, with an average production for Q4 of 520 tonnes / month. This is pretty much where Leon said Roan should be at by that stage, with production set to reach 700-800 tonnes / month post year end. This sets a new baseline for production which investors clearly haven't picked up on yet. Of course we don't know the impact of the upgrade on the next couple of quarters but the baseline has been set and things should only get better once the upgrade has been completed.
With regards to chrome, prices are still holding up very well, actually increasing this week to US$286-290 / tonne for 40-42% chrome concentrate.
These are the two revenue streams which will drive earnings in the short term and production of both is increasing. Investors are too focused (in my opinion) on PGM's because that has been the main earnings source up until now. PGM's time might well come again but not at the moment.