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The word "might" appears quite frequently. As to the 300, I don't see "frightened sellers" on here at the moment. Just impatient ones. As I said, nonsense.
WHI have a new note out.
Thanks Instant, that was hilarious
Nonsense. 30%? Give us a break.
300 share trade just popped up
https://otc.financial/list-of-market-maker-signals/
I see you are deramping HOC as well now. What a pleasant individual you must be.
Struggling on the 50...6.5p coming
InstantExpert
Thanks for getting back to me, that makes sense. Thank you.
Unfortunately it's out of Jubilee's hands. They all set to go, as Leon said all the designs and breakthrough techniques have been exercised on a pilot system in SA and he's very excited to bring it to the market, the problem is the TAX issues which we have no idea how much is owed and how long it could take to get solved. We do know that the president is getting involved but this sounds like it's been going on for months if not atleast 2 years. This doesn't stop us getting up to 10 000 tons per annum which is the most important thing at the moment.
I’m just interested in the time to market for the Northern Strategy. Not worried about funding as this is covered, more about earnings impact and timeline!
The last couple of years seem to have dragged. Almost sucking the life out of shareholders, set back after setback. But its definately time to wake up! Inyoni all set. Roan and Sable, what a double act that is, just perfecting their performance. With Windsor being bought back into play like a trump card. I am feeling re-energised with an air of expectation, an optimism that has been sadly lacking over the last 12-18 months. Our time is coming and i am just wondering how many PGM oz's we can produce this quarter. I believe Windsor can produce upto 2,500 oz's per month. The expectation for Inyoni is 38,000, with 27,227 already in the bag, that leaves 10,773 for this quarter. Dare we dream of 18,273 pgm oz's ( 7,500 plus 10,773 ) this quarter? Are we going to finish this year with a bang? Are they going to keep Windsor going at full tilt? What are your thoughts?
To put that US$48.2 million total funding into perspective. In order to generate that amount of cash from copper production alone, using earnings / tonne of Cu of US$3,500, it would only take about 14,000 tonnes of copper at current prices.
The key takeaway for me is twofold :
The fact that the RNS mentions the 780 000 capacity of the copper concentrater at Roan. That, together with the increased capacity at Inyoni (completed) , shows the market (and us) how much the Company has grown over the short period in terms of plant capacity.
The second takeaway feeds off the first, being what a different animal Jubilee is becoming from the other PGM producers (Sylvania and Tharisa). The South African PGM operations have funded the growth of the Copper (and cobalt), utilising US$48,2 million. Not small change by any means. The reinvestment of cashflow generated is certainly going to bode well for the future.
Very excited about the quarterly reporting and the future prospects.
GLA & DYOR
@ICMAX
A belated response to your query last Thursday about those 9M shares.
If you can access the trades from Wednesday there was a 100share trade followed by a 200 trade. These are commonly known as MM codes which signal an urgent order needed from one MM to fill.
Those 9M shares, put through at mid price, were most probably 4.5M passed from three MMs to the one calling out for them, for no charge and effectively no change in SP.
All good really, as it was certainly somebody's buy in ahead of today's update.
AIMO obviously.
IE
Seems to have shut the trolls anyway. Just need clarity on costs of upgrades and construction and we're off
Frog
Precisely. Leon clarly states at 39:16 of the March update https://www.youtube.com/watch?v=uZjDPeu4SYY&t=3409s : "are we today being affected by South Africa's power issues? Operations are running back to normal ...in South Africa we are naturally protected, receiving our power from a very large ferrochrome producer". (Samancor)
The best part of the RNS was that shareholders received factual information mainly in line with expectations. The share price had no reason to drop or rise .I therefore feel that RNS has created a floor price of 9p in London and R2 in South Africa.
As production of PGM'S and copper/cobalt improve the share price will go up especially if I am correct that we are just entering bull market on PGM'S and copper.
Of course we are aware that there will be future deals which will assist the growth of the share price
In the latest half year results, this is what JLP said about Inyoni production outlook:
Due to the continued uncertainty over stable power supply, and the expected time lag to expand the back-up power supply for operations, and as announced in the Company's operation update on 15 February 2023, the Company felt it prudent to update its full-year guidance to 38 000 PGM oz from its own production for FY2023, with the continued option to add a further 8 000 PGM oz from third party processing agreements dependent on stock and power availability.
Hi Seis, can you clarify also in your email whether the upgrade to the front end of Roan (to take ROM)has started. It's not mentioned in detail in the company update which is annoying.
I’d rather hear it from the horses mouth so I’ll email the company and see if I can get any clarification.
Given the following statement in the RNA it looks like Happysays is right on this one, "PGM oz guidance remains unchanged at 38 000 PGM oz with the potential of upwards revision depending on South Africa's power supply outlook"
I'm sure it's not the grade. I think they cant run Inyoni at 100 percent during stage 6. Hence to cover the shortfall they outsourcing.
Most if not all PGM producers last production time last quarter so why would JLP be any different.
I think they been prudent by outsourcing to diversify risk. Very smart imo.
Not necessarily, as I said, it might be due to the grades of PGMs in the feed. I might write to the company to confirm the reason.
I know he also said the PGM isn't affected but it clearly is.