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About 5k tons per year from each of them by my understanding. At least 2 signed already and 40 odd more to go. That is a lot of copper.
Copper360 up another 16%%%%%
That's 250cents to 470 cents in 4 trading days. 68%
I really hope we get the same reward!!!
I think we deserve it.
So, on the topic of the small miners....what are they actually up to there? What's the strategic goal in signing all these up?
If they keep signing up the small miners it will be a very useful hedge against anything going t"ts up with IRH. There is more copper than they can presently handle there.
Sure, agree entirely. Basically though it's all good in that area unless Jubes do something monumentally ridiculous.
Like I said last night....come on Roan, that's the one that's the prood in the pudding that we need to see.
Ardbeggar there will be break clauses in so that IRH can walk away it is usually the case. IRH would be remiss if there wasn't. Like you they are just waiting for the i's to be dotted and the t's to be crossed and it will be off to the races.
Frogkid I would expect an RNS when JLP announce where the first module will be.
Also, in the interests of balance I'd say that there is probably a break clause around strategy and location of units, i.e. if Jubes produce a plan that makes no f*cking sense either logistically or financially IRH will be able to walk away with just costs to date incurred and break the partnership. For negative doomsayers that's probably the one to worry about. Unlikely to happen though as Jubes are the advisory experts here and IRH just the money men along for the ride.
Thank you Ardbeggar, and Gray. I will bow to your superior knowledge. Gotreal, my apologies, I had expected to see a confirmatory RNS. So we are just waiting for the confirmation Roan is back up and we should be off and back into double figures.
Thanks Gray1....agree with the next step there :
"As per the agreement with IRH, Jubilee is undertaking a detailed resource definition to confirm the material reclamation strategy and location of the targeted processing units."
Also, that will be billable work to IRH so it has kicked off.
Frog, a binding framework is a contract. It's bigger than that though, it's a framework for multiple contracts and establishes the basic ground rules for them, meaning that contracts/agreements can then be spaffed out super fast later as all the key details are pre-agreed in the overarching framework. If IRH exercised their right to progress with the waste rock deal (they did) then it is legally binding, there is nothing more to sign as everything is covered in the framework, it's done....my question to you would be what do you think the next steps would be?
For me it's green light has been given, Jubes now start billable work. If you don't think the same then what do you think is inbetween where we are now and work getting underway? Again, this is how I see/understand things so I might be wrong just interested to know alternatives.
I think Ardbeggar is on the money with his last post Frogkid.
Once this next bit is done then IRH will put some money in.
"As per the agreement with IRH, Jubilee is undertaking a detailed resource definition to confirm the material reclamation strategy and location of the targeted processing units."
Great, I'm happy to be proved wrong but to me it is not done until contracts signed. I would expect to see an RNS.
Ugh it posted before I pressed enter. As I was saying, they signed a binding FRAMEWORK which is an outline for a specific contract or group of contracts which establishes responsibilities, cost agreements etc etc. That's the bit that was inked months ago that WH Ireland refer to. Next is due diligence, which is where if Jubes weren't up to snuff IRH would have walked away. They didn't, they chose to exercise their rights within the framework for the waste rock project. So, that means they are signed up, it's underway. There will be break clauses for if Jubes can't/don't deliver, sure, but they are signed up to this project, and if it's a proper framework then potentially others later on down the line. At least, that's my experience and understanding of such things, appreciate different people and different countries do/understand things differently.
I agree entirely with everything you wrote there Kalan....except the bit about the IRH contract. I'm with Gotreal on that, they have signed it. I work in an industry where we deal with contracts like this all the time.....they signed a binding FRAMEWORK
Frog -
From the latest Operational RNS - "IRH has elected to exercise its right to form the dedicated joint venture through which the project will be implemented."
Not sure you will get a seperate RNS to say the paperwork has been completed but sounds a done deal to me. Leon on the Roast also mentioned IRH are pushing for this to be implemented asap.
ATB
Northern
Yes, it says JLP inked the contract. If you are correct then i apologise. But I am not sure it is done.
Frog.... did you read the WHI update or not??
No, you F off, you are the johnny come lately spreading disinformation... as usual!
Stop misleading folks gotreal. The IRH is not yet signed, you know that.
F.... ...f gitreal.
IRH HAVE signed up, Kalan... stop spreading FUD. From the WHI update which is ratified and paid for by the company: "Once commissioned Roan should be in a position to supply 13kt/yr of copper in concentrates. That said, in the quarter Jubilee INKED THE CONTRACT with IRH (Abu Dhabi based) to develop the ‘waste rock’ project. "
You are just a tedious.....
Looks like we are finally becoming aligned in our opinions Ardbeggar.
Ive always thought (4 months back) that JLP looked good over the medium term (18 months) and had exciting prospects over the longer term (3 years) but had short term (6 months) obstacles to overcome which were many and varied. 4 months later we have moved forward 3 months in overcoming the obstacles. As a forward looking investor the positives in the short term are overcoming the negatives. In the short term we need to get Roan up and running to full capacity wothin existing available finance. This should happen, it's highly probable. Also within the short term time frame we get another chrome module. This throws off more oney than is needed for the second Thutse module and adds cash flow IMO. Roan running reduces expenditure and increases revenue. IRH will sign up once Roan is proven. Again my opinion. 70% back in at a touch under 6.6p. Waiting for a bit of chart confirmation for the final 30%. Edging my bets with some average down money on the sidelines.
What struck me was the difference in rhetoric between Leon and Colin. Leon foccussed and clinical whilst Colin was Colin, all vague abd hopeful and maybes, whilst alluding to big boys coming in. I'll stick with Leon. Just need to get over the short term hurdles. Roan fully on line reduces expenditure and increases revenue which is yhe tipping point fir Jubilee. Fingers crossed.
Yes it's nice to have the ambition but let's see them silence the doubters and concentrate on getting Roan up to capacity asap. That is my single concern with Jubes at the moment, nothing else.
Nice to have the ambition though!