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"www.ferroalloynet.com: South African chrome ore 40-42% concentrate price is 280-290(bulk). South African chrome ore 42-44% concentrate price is 310-315(bulk). "
Chrome prices still holding up pretty well, slightly down from the highs but not by much.
Rhodium showing a little uptick for the first time since May:
https://www.metal.com/Other-Precious-Metals/201102250583
Have we reached the level where rhodium is attracting interest again?
Thats a really good point Dorf and i keep wondering if there are more of these joint ventures about to pop up out of no where. Are there going to be a series of RNS's popping up, to inform us they are about to commission a refurbished plant in a joint venture?
HI Mickie
While I know little about progress in Zambia,what I do know is that Leon has a good relationship with the Zambian authorities so I would not rule out any deal in Zambia especially in regard to Mopani ,but what has made me more bullish about the company is the deal they HAVE made in South Africa which especially if the J/V has been made with Glencore .
I certainly believe the market has hopelessly under rated the new J/V and from what is going on in South Africa I expect PGM'S will soon come into their own and prices will not stay subdued for very much longer.
Yes Mickie I agree exciting times ahead
Morning HD43, i havent seen any evidence linking us to Konkola, but i certainly wouldnt rule it out. leon is a considerable deal maker and he certainly is very comfortable with ZCCM. Going to be fascinating watching this play out over the next month or so, especially in regard to Mopani. Would be interesting to get Seis and Dorf's opinions on this.
Hi Mikie, that does look positive. I see it says news with Konkola is imminent. Are we involved with that one?
I just joined you Well Oiled and i suggest others do. Meanwhile, back at the ranch, looks like good progress being made... https://www.lusakatimes.com/2023/07/06/chamber-of-mines-welcomes-progress-on-kcm-mopani-copper-mines/ Big news soon.
Looking more into the cobalt price, I checked the Shanghai Metals Market. Refined cobalt price has been steadily increasing since the start of June, something which wasn't obvious from the LME price. They are currently showing an average price of US$36,500 (if you deduct the 13% VAT) and a highest price of US$39,800. We must be close to restarting production if not already started I think.
https://www.metal.com/Cobalt/201102250375
Hi HD,
Hopefully the message from the reporting period will also be the future facing potential - when working (not sure normal rules apply at the moment) the market is forward facing.
Eg bank the performance, note the expanded production capability, note the expansion of copper production runrate, the impact on future free cashflow, the chrome ramp up timings and see the forward p/e is bullish.
I am not expecting an explosion in the share price, but after a wobbly period I am hoping we reset a growth message, a free cashflow message and with that alone and the expansion hopefully we will see ourselves somewhere in the double digit sp range.
I'm not planning any selling here till 20p plus so reassurance not riches the goal for the remainder of 2023.
GLA
NtD
Earnings numbers won't look particularly grand and after the $2.5 million spent on water and electricity not much left over if anything at all.
BUT ITS AN IMPROVEMENT FROM LAST REPORTING PERIOD.
January 0 tons ( due to upgrades)
February 50% x 550t = 225t
March 80% x 550t = 440t
April 90% x 550t = 495t
May 100% x 550t = 550t
June 100% x 550t = 550t
Total 2260 tons 6 months ending June 2023
Full year 1149 + 2260 = +- 3400 tons
Orion
I was one of Leon's fearsome critics when he failed to tell us of the problems he was having with load shedding and water and kept painting a wonderful picture of Jubilee's growth.Both Ollie and Leon have admitted that they were wrong to have done so and as far as I am concerned (unless PROVEN otherwise) that situation is behind us.
Unlike Bushy and you I have done hours of homework on the company and since the fiasco the only RNS"S have been positive so I suggest you either wait patiently for more news or sell up(sell short if you want-I hope Bushy has the guts to do so with all his negatives about the company)and we shall only see who was right or wrong about the company in the future .I believe I will be richer and Bushy poorer in a years time.
Exercise some patience and join those of us that are bullish and be suitably rewarded or get the hell out the company.
Leon doesn't even say anything in an RNS, what on earth is he going to say in an email to a complete stranger???
Don't expect any meaningful updates (confessions) from Leon until at least October.
Yes he does, nobulator
Yes he does if approached civilly.
Leon never answers emails you toad.
You could try emailing instead of whining to nobody on here.
JSE down over 8%. Leon do you have any more feedback from the years and years of discussions with the big boys?
The only transformation thats taking place is the transformational decline in the share price.
Personally I think we are still too early stage in copper and cobalt to attract a serious offer. Once we have proved that it’s possible to reliably produce A grade copper cathode from tailings over a longer period and at a greater scale, then I can see serious offers coming in, either off take agreements such as some of the big car manufacturers are looking to do or even a partnership / buyout. Hopefully by that stage the share price will be considerably higher than it is now!
It looks like someone is confident, some very big buys after hours yesterday plus another first thing this morning, totalling £200,000 or so. Someone positioning themselves for the H2 results or maybe someone in the know expecting news soon?
Everyone has their price -how much would be a “huge offer” acceptable to Leon -50p per share plus perhaps ?
How much would be acceptable to Mr Slater and other large shareholders ?
If there is some Glencore involvement who knows if they like what they see!
(No way Bushyfailed will get his 1p! here)
As far as I can remember, the issue of a take-over was raised at a Q&A, to which Leon replied they'd have to offer a huge amount. I take that to mean "no".
I would say that only 'stupidity' affects those who don't think outside the box. Africa also has employment law in place for acquisitions, where the employee effectively does the same job with the new owner for no less benefit. Similar to the UK TUPE system. For any contractors attached to JLP I guess there would be a clause in an acquisition contract that inteelectual rights and technical support continue for a period for the new owner. There are sufficiently intelligent metallurgists, geologists & chemists available to pick up the rest of the journey. Only a though if such an offer was made and not necessarily where the company intend to go.
Producing high grade copper cathode from dumps is such an intricate process that huge amounts of IP and past experience is required. JlP will not be taken out because its a very complex business and without the people that Leon has working at JLP it's a worthless company. I'm surprised by the level of stupidity that gets posted here.
Leon said processing dumps is like working with a chemical set. Every dump is different. It's not a plug and play system If someone else was to buy out JLP they wouldn't have a clue as to what to do. Maybe a partnership but an out right buy out... not a chance!!
If JLP did receive an acquisition offer now I wonder what the price would be.
They will want all the clever stuff done first
It has to be a matter of time, before JLP are acquired.. not sure why no one has launched a raid...once copper lands at scale, we will see significant interest