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I agree the exact situation is not clear.
My understanding is the 13000t capacity at Roan is split 60/40 between Cu sulphides and oxides
Approx. 8000 tons of sulphide concentrate will be sold into the market while 5000t will be refined into cathode at Sable.
Capacity at Sable is given as 16000t, after the upgrade to the sulphides circuit, split 75/25 - so 12000t oxide(cathode) and 4000t sulphides.The Sable sulphides will, I think, come from the Monkoyo feed.
That means that total production (at full capacity) is 24000t (the full 16000t at Sable plus 8000t of sulphide from Roan).
The above is my interpretation but happy to be corrected.
CG
China cuts smelting....as copper concentrate shortage....bites
https://www.mining.com/copper-price-at-fresh-high-as-satellite-data-shows-sharp-chinese-smelter-cutbacks/
That is my understanding Mikie, Roan can produce 13k of copper in concentrates which can then be sent onto sable to be refined into 13k copper or sold seperately.
Sable can take feed direct so could be supplied from small scale miners as Mikie says so a potential to do much more as copper can be sold as copper or copper concentrate. I'm sure someone will correct me if I am wrong. Gotreal where are now is your chance to shine.
Sumoskier
Totally agree with yourself , that is also my understanding of situation, Roan to produce at least 1000 tons copper per month , Charles.
Sumo, i believe the target for Roan and Sable is 20-25k tonnes. Dont forget Sable takes feed direct. There was mention of some of Roans feed going to Sable, but i believe evolution and quantity of small scale miners has taken over. Both sites will be rammed with approx 5-6 small licences! They have identified 50!
I’ve just listened to the podcast and am now more confused than before. According to Leon the small scale miners they are signing up will fill Sable, whilst Roan output will be sold direct to the market. This appears to mean we are producing on two fronts but then only 10,000 tons target? I thought Roan could do 1,000 tons a month and then Sable could also process 13, 000 a year? Anyone understand this better?
Whilst we wait for the electrical component and slow news.
My worst Chariot oil and gas as with most shares could have had a profit but I went for the monster find (I was into oil back in the day). Took a bath on that one lost 15k. At the same time Rockhopper took off backed the wrong horse there.
My best was AMC bought £20k at 8p. I was on holiday in the lake district and it took off as they were drilling and looked like they hit oil. went to 44p when I got back was at 38p made a killing. Just before the oil turned into water. Sometimes it is better to be lucky than good and I was certainly lucky there.
Got unlucky with Solgold was looking at it and it took off before I invested c'est la vie. Have had a number of others with profit and losses (mainly losses) but aim is my fun investing money.
My main investments are blue chip and preference shares mainly for the dividends and interest. Only shares I have on aim is JLP (and I could have walked away with a healthy profit but that damned elusive copper keeps me interested). Largest investment I have ever had on aim. I also have one other that is 30% up but early days in that one yet.
Kalan, best wishes to your missus
Cheers
Frog
Hi Kalan,
Good to hear your wife is doing well.
Kalan, thats great news your wife is doing well. I’m pretty sure the whole board is rooting for Mrs.K. Send her our best. It will be nice to see a positive Kalan for a few weeks.
That's what we are waiting for Mikie, the copper volumes to increase. You are always enthusiastic and positive, the average investor isn't. It's a balance between the positives and the negatives. More copper, tick, less processing capacity, cross, is where we are now. We look forward to two ticks.
On a positive note, since JLP bottomed from the long term downtrend there have been three spikes of increasing size where positivity has overtaken negativity in investors eyes and 3 consequent troughs where sentiment has been assailed by reality and negativity has taken hold. It's the herd instinct. As Frogkid said some time back, you would expect a pull back after a significant rise. My amateur charting says there's a 60% chance we are at the bottom of the trough for sentiment at the moment. The next week will confirm or disprove my charting.
Anyway, having breakfast with my wife who is fit and well this morning, not out of the woods, but better than prior to her operation already. Feeling positive and she's ok with me averaging back into JLP (her son no longer needs my JLP money to buy out his wife's share of their house). My point is, everyone is different, some exist just to attack others, strange but true, everyone has a different viewpoint of the world and JLP. The charts and indicators let you know where the balance of opinion is and if it is changing. Good luck and stay positive, it's who you are. Bought a few back on Friday with my emergency money at 6.57p, was it a good move, I say probably, you say yes.
@gotreal, so now you are doubting my holding? You are an argumentative twerp
Interesting Atalaya moving to main market. I organised a shareholder visit back when it was EMED . At that time I was heavily invested. I made the decision to move everything into JLP and subsequently kept increasing my stake here. One day the time will come for a main market listing for us. A deal with Atalaya would be nice, there is more tailings lying about that the eye can see.
Kalan, you will see volume increase soon as they are now signing up the feed. Initially i thought the small miners were a fill in or stop gap, but it looks like they’ve evolved into a masterstroke.
Frog, yes. But I don't accept Buttf**k saying we are not producing ANY copper or YOU saying "our Cu circuit is currently down" which, if it were TRUE, would mean we are not producing any copper too. For someone who claims to have the best part of three quarters of a million pounds in this company you seem far too willing to go along with the nay sayeers and negative spin doctors.....
Illuvise
yeah and he was also ramping atym aswell,5 or 6 years ago.
its done extremely well.
50k+ tons of copper concentrate,per year
In the Sunday Roast Leon said production fell initially to 50% and then to 40%. Presumably of the capacity prior to the upgrade to the front end.
Gotreal, you do accept that the shutdown at Roan for the upgrade does result in less copper produced at this moment, Don't you?
Meyer - the so-called "expert" who was ramping Rambler before it went bust.
John meyer on copper.....https://www.youtube.com/watch?v=MV9_8K494rY
That's because they are so short sighted they can't find a more productive use of the cash.... buying back shares should be the last resort of any company.
There is a buy back program underway at SLP presently accounting for a chunk of daily volume recently imo and lifting the share price a fair chunk.
More potential re-structuring in the PGM space.
reuters.com/markets/commodities/implats-weighs-3900-job-cuts-south-africa-price-rout-takes-toll-2024-04-26/
If the market was forward thinking with JLP then I think 9.5p would be in the offing, but it's hard to think forward when the goalposts keep getting moved further into the future. Let's hope that's the last of the Roan delays. It will re-rate when folks are certain.
Cheers Nelson - very hopeful she will recover fully - on the JLP bus - I think you might be right - try not to be too clever. The shares in a clear uptrend unless it fell all the way back below 5.5p which is highly unlikely so maybe not be greedy and just get back on as funds allow. There is a chance that this is the bottom anyway but it's not confirmed. I'll buy what I can for now and stop thinking about it.