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Hi Bluebelly - ah One Day Roderz - well the RNS hopefully brings you closer to that one day (if you're not already there.
Hope you got your top up this morning, if not there's sure to be a pullback at some time today.
I got caught with my trousers 70% up. Got 35% at 5.43p and another 35% at 5.44p yesterday and had to pay 5.7p this morning. Average a bit above 5.5p I think. Wasn't expecting the RNS before Easter based on what Leon said but then his mind must be all over the place.
I'm with you on the boards - ADFN is dire. This is much better but the ii site was great - loved the combative but friendly banter especially Wendy Durham and TG5. TG5 posts on here occasionally but unfortunately Wendy passed away some time ago. That's what this board needs - some female input to civilise us all (me included).
Blue,
May have mistimed that top up.
IRH exercising the JV is great news plus reaffirming timescales on other projects.
Well done to Leon and the team!
Northern
Hi Kalan, Yeah I was 'One day Rodderz' on II chat. Seems a long time ago now. Didn't like LSE chat as much, but there was nothing else on offer, apart from ADVFN, but wasn't a fan of that site.
As discussed on Monday, hopefully I will get my top up today and then this can breakout to the upside :-)
It's never that easy!
BB
You are right Bluebelly I did choose my words carefully. Health is worth more than money as are your children's happiness. We've been a bit battered over recent months in my close familly and this is a welcome distraction. Had a weird experience yesterday when my step daughter asked me to help liquidate her dad's investments. He used interactive investors. Am I right in remembering that we both used to post on there before they started charging. I kept my name but you changed yours. That's my memory but I could be wrong.
Hi Seis
Fair enough, I was not really aware of any distortions but just to say as long as the SP goes up soon all should be OK
Edzi, we will have to disagree about Kalan, and I'm far from the only one who has repeatedly pulled him up for distorting the facts. He was doing exactly the same thing when I first started reading these message boards and nothing has changed as far as I'm concerned.
Kalan: I noticed you avoided saying 'then I'd be a millionaire by now.' :-)
As long as we have our health, who needs billions of £'s. JLP might get us to the millionaire level, if we can live long enough!
BB
I fully agree about one person trying to influence a SP, You seem to be an ultra cautious person which is fine and probably much more sensible than I am seeing as I purchased around 1 million at 8p. However if you have 5-10 cautionary reasons for not buying then why are YOU buying? Although you could have 5-10 reasons for any stock nowdays as there are probably 5 black swan moments anyone could mention together with there being a drought in Zambia so maybe there will be a lack of water or electric supply ot the Government being over thrown or Leon or his FD can't go to the toilet, or even Colin returning as FD, CEO, Cleaner, van driver, technician. Where would it stop?
I wish I'd started posting earlier Edzi. I looked in at 13p and looked at the charts. No way - so I didn't look for a while. Came back at 6.7p and though hello it's got to stop before it gets to zero. Looked at the charts and thought - no. Started posting, researching, asking questions and decided to hang around for the bottom. If I'd been posting earlier and if you had voiced interest in buying. They all would have been extolling the virtues and encouraging you. I would have said no way - look at the charts. He who no longer posts would have been the only other person warning you off but for different reasons. he enjoyed it. The resident LTH lumped us both together. After I've bought this week - I will be quite happy to list between 5 and 10 reasons why investors should be nervous. I'll do it after I've bought with confidence because it won't make any difference to the sp. If I had the ability to influence a share price then I'd be a billionaire by now.
Seis
Have I missed something but you certainly don't like Kalan? I'm not so sure I agree with you about him trying to talk the SP down. Bushey Yes he was trying to talk it done, maybe even Butterballs but to me Kalan has only been stating things on his terms. He seems to be objective etc etc. I have said in the past about the falling SP and will it ever stop etc etc, does that make me someone who is talking it down. It's done a fine job going down without anyone's help and if buying in at a quarter of a pence cheaper than what the market states which seems to be Kalan's route well it's down to him.
He uses charts which he thinks help him and to be fair he also has stated that he sold out too quick, so I'm not sure I understand your thoughts as you have always seemed very practical and fair. Why I'm spending so long on this I don't know, I must be bored.
To be fair, nobody cares about when Kalan buys and sells, that's his business. What winds people up is the very obvious attempts to manipulate sentiment.
Thanks Edzi I agree with all you say. I wasn't suggesting that the Chinese are planning to flood the market, just that if an Editor asked for such an article, someone would write it. Sorry I wasn't clear. My bad. As for buying in as cheap as possible I simply can't understand why others don't, fear of missing out maybe. My amateur charting says the sp may drop a little more and I may get my 5.2p to 5.3p. The market makers seem to be in a dilemma. 15 minutes ago, they would let me buy as much as I wanted but they weren't allowing sells above £1500. I suspect the large seller of the past couple of days wants to sell another block but there aren't enough buyers. To get buyers in they need to drop the price, but they may lose their seller. All postulation by me. I just find it interesting watching the sp action, which is quite unusual at the moment. I suppose it's the doldrums. Don't want to be out come close of play on Thursday though. Averaging in from here on in. Then I can start ramping lol. Because I move the market. rofl.
Hi Kalan
I always read your posts with interest, I also think it wrong that some people slam you for your posts with regards to trying to get in cheaper which to me is so stupid. Even if you are a trader, so what although I believe you when you say that you are not trading JLP. There are certain people on boards who if they think that people have different views it's their way or the highway, which tells you a great deal about the type of person/persons they are. I must admit that your theory about China stock piling Copper to flood the West is very imaginative to say the least. The amount of copper they will need for that is astonishing if you believe the stories about the amount needed in the near future. China or the rulers are certainly not backward, they are patient devious liars yes but backward no. On a side note I read on here a few days ago that IRH are gate crashing a deal where the Chinese want to get hold of a Copper mine. I hope IRH get it but it puts the Government in a tricky position as they don't want to create a problem with either party. Anyway, here's to an upward trajectory with the SP
Just read the article Edzi. It looks like the Editor has picked up on the devious Chinese mantra and asked someone to write an article whereby the Chinese look underhand and a threat.
If the mood of the day was for China being a backwards nation which makes silly decisions the article could have been re-written saying that China had overestimated the copper requirements of it's economy and was now being forced to stockpile copper at great expense or shut down production. They could of course be planning to start exporting copper, including current excess production and the stockpile to flood Western markets making the West's mines unprofitable, forcing them to shut down, thus creating a monopoly for the Chinese. It looks like tomorrow's chip paper to me.
Seis
There is an interesting article in today's Daily Telegraph saying that China is stockpiling Copper and has over 250,000 tons of it and that there will be a problem staring from 2025 whereby Copper could rise by 25%. Now taking away all the sensationalism, it can only be good. Have a read of it and tell me what you think Regards
It’s difficult to know how the cobalt market will play out in the future but every article I’ve read suggests that cobalt demand will be multiples of what it is today just by sheer numbers of EV’s on the road, even if there are competing battery chemistries out there and even non-EV options like hydrogen.
The west certainly seems bullish on cobalt though, looking to create processing options outside of China, where most battery grade cobalt sulphide is produced. ERG recently announced a plan to build a cobalt sulphide plant in Saudi Arabia and there has also been talk of one in Chingola, Zambia. Just down the road from Mopani and Chambishi Metals.
We know that Zambia and DRC have ambitious plans to start manufacturing EV batteries in country and will need battery grade cobalt sulphide for that, produced from cobalt hydroxide such as Jubilee can make. The USA is backing this project and also the Lobito Corridor rail project which will allow direct transport from Zambia to the Angolan coast and onwards to the West. I definitely think there’s a big picture playing out which Jubilee can play a part in.
100% agree Seis. We now have a plan! And it is an exciting one.
Cobalt is the interesting one, and I'd value your take on it. There seem to be a lot of differing opinions on its future. On the one hand the Chinese, who are years ahead of the rest of the world in battery technology and manufacture, have moved substantially away from cobalt. On the other, some countries (the USA in particular) aare getting jumpy about this near monopoly and are promoting their own industries in which cobalt is predicted to have a rosy future. I suppose it all depends on the developments in technology and I don't have the background to assess the merits of the various arguments.
I think there is a more clear plan emerging now. Leon reacted early to the PGM basket price falling and saw the opportunity to build on the well established chrome processing abilities and rapidly expand into higher margin opportunities. This is starting to come through in the numbers now but will only get stronger assuming the chrome price remains strong. After the next two modules this year, we should, by my estimates be earning in the order of US$45-50 million from chrome alone. It sounds like they are not finished there either, Leon mentioned that further expansion is likely, although he didn’t specify where that will be.
PGM’s remain profitable and will every chrome module added we increase the PGM ounces too. Any increase in the PGM basket will reflect in the bottom line. Rhodium seems to be getting a second wind today I notice.
Cobalt has been proven and high grade product sold into the market. This is definitely one for the future, as the market comes more into balance again.
Copper is the last piece in the jigsaw, if they can prove to investors that these modules will do what they they they can, then we are off to the races. Copper expansion can follow a similar trajectory to chrome and in the longer term can easily outpace chrome. With copper price starting to strengthen again, there is no better time than now to be ramping up.
Yes, I agree with your sentiments, Mickie. I don't think K could have been referring to the CFO as he has been with us for only 6 months whereas NT joined the team in 2020. I like's K's historical perspective though (he missed out Smokey Hills, but sometime your brains censures out unhappy events). I agree with him that we have been something of an industrial chameleon, adapting to changing circumstances without any fixed long term strategic plan (it's easy to say you had one in retrospect). In fact, I suspect our entry into Zambia was initially for the lead, zinc and Vanadium. Then we found there was copper lying around and found we could process it using the skills we had developed from our Dilokong operation.
Some people have criticised the company for this lack of clear planning but I see it as a strength. Failure to adapt in the commodity business is a recipe for disaster, adn, as you point out, we have adapted big time.
Beat me to it Edzi - well said Mikie - no point selling now if you have em IMO - hold and wait.
Hi Mikie
Good post,
Totally agree Nelson, Neil Reynolds brings control to a situation that could easily get out of control. By this i mean, Leon could clearly spends millions and millions on developing the company without control. It is noticeable the amount of references we have seen recently to financial approval. RNS reporting has clearly improved and quarterly reporting was a must. Nice to see very timely reporting too, usually early. So all good on this front. But Ollie has to take some credit as the structure in the company is becoming clearer and clearer. Ollie is definitely shaping Jubilee to become a powerhouse. Ricus is going to be very important in developing what appears to be lots of opportunities, especially like M. I think the team is in now well and truly set, led by Leon. Leon is clearly a leader with great ambition and who knows how big this can all get now? With copper about to go commercial and the growth plans already in place and known by us, it is just a waiting game for investors. But the real investors here are wondering just how big this all gets! Not bickering over a few days late, or making up rubbish to try and force a few holders to sell or deter new investors from buying. The real investors have belief this is going all the way and i am backing Leon and his team to achieve this.
a good analysis of ****** gotreal. he is our own little iago, forever damning with faint praise and dropping adverse hints. unfortunately for him he hasn't the intelligence that shakespeare gave his character. just the mendacity.
I think like all good finance people, the finance man is quietly effecting change to strengthen the ability of the company to transact its chosen strategy. A good finance person makes the CEO look good - its the proper team. FD Impact - The sub boards per country ensure each element of the growth has a clear lead, the centre can then distribute capital and wider resources as it sees fit to drive the overall growth.
FD's dont show you where to go or even necessarily the vehicle to get there in, but they do typically ensure there is a road that can take the weight of the vehicle to the place you say you want to get to. So far I am v happy with FD on this basis.
Colins strategy was to grab anything that looked like an oppotrunity. I remember your first attack on me gotreal. Star zinc and GLR. Colins plan. Put a road in. Scoop the zinc up off the ground, put it through Sable in a JV with JLP. How about overcoming power problems by producing our own at Middleburg. Sold to fund the next big idea. Diversity became a plan after it happened. Re- writing history won't change it.