George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
@Frogkid: 50 % in 8 weeks with NEM. JPL let's be civil, it is consolidating. Even commodity prices would support a higher share price, but Jubilee instead decided to wait for electrical components and engage in artisan mining. LC is talking about vast opportunities here and there, but SP is not moving. Strange.
@happyday Thanks for your timely advice: Nemont mining. 52 weeks low 29.43 8 weeks ago. Today 43.41. plus 48%
You sound like Cramer. Lol.
Thanks for priceless advice. I am following netiquette.
Three big (relatively speaking) trades and we are breaking? May incoming and I wonder what wonderful deals we made this time. Of course on pro forma basis. Market is not expecting much, me neither, with 120 shares I do not care. Maybe I am doubling up, not down, but first things first: ROAN needs to do its magic.
@ Seisnav Feel free to ignore me. Thanks.
Market is really interested in chrome. Everything else is ignored. Today it is a good thing. LC media presence is a disaster, but market is already aware of his "guideline flexibility".
IMHO this is a asymmetric risk reward situation, maybe they get lucky and copper is a thing and it will fly. Downside are lower chrome prices that might not happen anytime soon.
Yes they will.
About credibility: A few weeks ago LC confirmed Roan's timeline. Yet we read there is another delay from a delay. Delaying started back in September and my wild guess is it will take a year to implement the "Upgrade".
But imho we are talking peanuts: the biggest challenge they have to overcome is to economically extract copper from waste rock. They are probably not there. One reason why they play delaying tactics and that's why nobody wants to team with them.
On the bright side: Downside is probably limited right now because of chrome and a rising PGM basket.
Your strategy to distract "discussion" with nonsense is not working anymore.
Yeah I am doubling down, probably now, because latest RNS proved me wrong. Management missed their guidance only by 3000 tonnes of copper. Not a biggy. At least for you. Market has a second opinion .
@Kalan I guess this a comprehensive summary and somehow it is not disappointing because we already expected such an outcome.
RNS is manufactured in Jubilee style containing a few buzz words, everything vague and of course omitting negative aspects of business.
Overall nothing changed. Business as usual.
PGM basket price is mentioned this time. Thanks for that..
Unfortunately it is not on their website.
Permabulls have a field day, but I like to add some hard facts: Year to date share performance Jubilee: Zero percent
We are only back to the start.
I guess your answer is they will reach 5000t of copper units. 10-15% less than advertised.
Okay enough chitchat, answer the question, it is only one!
Only Seisnav responding, that is a bummer. To satisfy your curiosity: Yes I own 120 shares. Although I am contemplating to double down.
A little survey: Who thinks we can produce 1000 t of copper whatever material beginning of next month?
Management confirmed Roan is up and running by then. Bushy is gone, I guess everybody agrees from May onward we are printing $$$.
It is a bit misleading 13k copper does not translate into 13000 x 4000. Even management is straight about the mix . They told us how much cathode/ sulphide concentrate they probably can squeeze from ROM etc and it is far less than $4k margin.
All I say is don't kill the messenger. Q - numbers are around the corner, I don't know when, but soon. An update without real substantial information does not make sense at this time, maybe only for one reason. Unfortunately even a very positive framed RNS does not excite market anymore, because market called the bluff. Only hard facts aka cash generation and dividends are going to help JPL., not continued sweet talk from seisnav et.al.
Well market is not so hyper-optimistic as some posters here. Not much information comprised in this RNS, that was not already known, albeit IRH nugget is news, but not a positive one. Announced in December as a done deal, they announce it again as a done deal. Good thing is, credibility has already reached sea level, I guess it a RNS as usual.
From a timing standpoint though it is interesting: There might be some truth, that this RNS is fabricated only to facilitate an exit for a big guy.
@SeisNav Is it not allowed to discuss warrants? Shareholders might be interested how they get diluted without telling them.
@Heroric as soon gotreal and seisnav disappear we know there is a bottom. Question is: Will they ever disappear?
Soon there will be a decision, I guess market can't bear another disappointment and it will go much lower, if they follow their well known pattern of announcing only "good" news.
Just in case they surprise us with a RNS JPL could break nasty downtrend with a decisive move north. One or two month patience and even the least informed will know where we are heading.