Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.
Hahahao
Did the same!
I already thought they turned you off gotreal., because my posting lasted longer than 10 minutes. But now you are back. What did you not like about my turn the lights off post?
No you are on the right track. Soon we are one of the world biggest and greatest copper cathode producers. I think it is important to point out we are producing copper cathode, simply because it is worth more and sounds better. And I really don't care what kind of method they use: flowsheet, flowchart, modular, transylvania whatever they want.
Would you kindly point me in the right direction not so happydays it seems.
I am more interested which insiders are buying. Apparently they are not thinking SP is a steal.
Resolution 8 was withdrawn. For further information visit www.jubileemetalsgroup.com,
Well transparency is not their strength. They are really hiding all information from investors.
@Jonah I am referring to an earlier post where I assumed they produced 6k tonnes of copper cathode in FY 2023.
I stand corrected: FY 2023 copper produced: 2923 tonnes
What was I thinking.
It is not easy to keep track on their capacity claims and their real world achievements. Hint: They always under perform big time.
I wonder how they managed to produce 6000 t of copper cathode last year? This year it is almost nothing. Are they really running dry on quality feed?
Of course I don't know what LC is thinking, but there is a pattern for not delivering what they are boldly claiming: There is always a more or less rational excuse for buying a bit more time: water, load shedding, 8 weeks upgrade to 12 upgrade: (btw upgrade is a new feature they invented). Investors probably only survive this with a big help from commodity prices.
I guess even the margin "expansion" is not a real thing, at least they tried hard to disguise how much they are really making. 25% lost in one month with all "good" news around the corner....hmmmm.
Only a few retail investors are left, everybody else already jumped ship. But maybe mining industry gets lucky again and FED starts printing money again.
I was looking for at least one nugget to do further research in this company.
What I learned from latest RNS is falling chrome/pgm/copper output, translates in lower revenues and higher costs.
Until now they had no viable solution to produce copper at scale and it is really the only highlight in Q1 report: They are finally looking for help. Like a drug addict living in denial JLP realized they can not do it on their own(maybe they were forced). Draslovka might be the company that can cure JLP, but only the future will show. Until then it will be a rough ride, probably further down the elevator: Good luck and do your own research.
Once we run at nameplate capacity, his famous words. Last?
Management is trying to stabilize SP with announcement. Usually this is not working. Market nowadays is calling every bluff. Obviously JLP trades in accordance with its profits that are linked to spot prices. PGM spot prices are weak and it looks like it is not changing much. Of course there is copper. Besides relatively weak copper prices JLP unfortunately is not capable to produce copper in higher quantities. And there is chrome: Sky-high, saves us right now, might change. I hope it is taking a while.
For gotreal et al: It might help to post weekly chrome prices, make yourself at least a little useful.
How much can they gain from copper sulphate?
Sarel did one research report in February , it was a pump and dump work, right after publication share price crashed 50%. He is well connected in SA, so I would read his work with a grain of salt. He was optimistic in Feb (10x) and is it again. He did not factor in latest news from Mopani. Do your own research!
We all wonder why this is Confetti thread was deleted? Any ideas. Everything bad is already known London South East. Why do you think this could possibly influence share price? Is this even illegal?
Well JPL_HQ a public company and JPL is one has to report good AND bad news, because all stakeholders should receive the same information in a timely fashion. Maybe you can escalate this to your superiors and maybe just maybe this company might head in the right direction.