Member Info for Chatmandu

@Happydays

It does seem odd - especially with mention of the results being reviewed by a 'competent person'.

"Munkoyo open pit operation's drilling program has commenced with the initial 8 drill holes completed in partnership with an established mining and exploration company. Drilling results are being reviewed by a competent person and the results will be released in due course."

@Northern

At the risk of being accused of x,y,z by GotCrabs and his merry band, do you think there's any risk that we've actually bought a dud and that drilling hasn't matched up with what was expected?

@gotcrabs

"another poster appearing with a new account today bemoaning their "fate".... odd how so many of the newbies can't write english ...."

harmprof referred to jbl which is the south african ticker.

you're now casually throwing around bigoted (******?) insults relating to non-uk users' english.

why don't you just **** off?

@GoingGoingGone

"Share price says different"

JLP closed slightly down @ 3.05p.

@Happydays

"By June or July"

"Running full capacity"

"8 to 9 thousand tonnes"

Inaudible mumbling "extract".

You and gotcrabs are working overtime this morning.

How much does a BB Influencer get paid for this drivel? Not much, probably.

Who are One Chrome? Are they the same company as Chrome One?

If so, why does the circular, with a legal requirement to be accurate, cousin such a stupid error? Total incompetence?

If not:

Who are One Chrome?

When was One Chrome formed?

Are One Chrome a private or public company?

If Private, who owns One Chrome?

If Public, where are they listed?

Why have they chosen a name so similar to Chrome One?

Is the choice of name a deliberate attempt to spread confusion?

@Happydays

No. I also looked searched for 'stockpile' and the only results were:

"Chrome ore supply is secured through a combination of short-term (2-3 yrs) toll agreements and medium term (+5 yrs) chrome ore partnership agreements. The Group's chrome toll agreements include two main agreements from a single chrome ore supplier which when combined, accounts for approximately 1Mt of produced chrome concentrate per annum through the Group's Windsor chrome and OBB chrome ore processing facilities. The OBB chrome and PGM processing facilities are situated adjacent to Jubilee's Inyoni PGM facility and chrome tailings from the OBB chrome processing facility are fed directly to the PGM facility. The Windsor chrome tailings are stockpiled and dewatered before being trucked to the Group's Inyoni PGM facility for processing. Any shortfall in utilised capacity at Inyoni is filled by the on-site historical tailings."

"Processing of Jubilee acquired surface stockpiles and tailings dumps: Jubilee's rights to the Large Waste Tailings dump which contains in excess of 240Mt is the priority asset."

Is One Chrome the same as Chrome One?

I've not found any results for Chrome One Ltd or Chrome One PLC.

The Jubilee Way is selling a vision of an ultra low cost copper producer that will rapidly ramp up to 25,000 tonnes. Six years later, with an annual production of just 2,200 tonnes, the targets will be reduced, without a hint of embarrassment, to just 5,200 tonnes.

Despite only achieving 20% of their targets, management continues to channel the Jubilee Way to pay themselves £500k for failure with the addition of 1p share options.

(At least they haven't decided that the share options need to be reduced to match company performance - i.e. 0.2 pence.)

@AdriaanZA - What's your target entry price?

Https://postimg.cc/JyFH6MMn

you love going through my posting history, so why don't you go and compare the screenshot that i posted last week, with the purchase i made on friday.

here's the screenshot, please note the date.

https://postimg.cc/jyfh6mmn

it would be a remarkable coincidence if the total shares from that purchase and friday's added up to 100k shares, wouldn't it you horrible little weirdo?

with regards to my paltry holdings, my initial purchase was £10k, but your hero/employer has ****ed the company so badly that it's now 85% down on my purchase price.

@Happydays

Sorry, who do you mean by 'they'? I presume you don't mean the buyer?

You two jokers are seriously lacking in the old grey matter, aren't you?

The ownership of the $90 million asset will move to the buyer and only the rump business + IOU remain. What is the credit rating of the buyer? I presume it isn't AAA rated Microsoft or Johnson & Johnson that are buying the PGM business, so the IOU will be worth (substantially?) less than cash in the bank.

Please try to actually think.

If the deal goes ahead, we lose a $90 million asset (arguably worth a lot more) and gain an IOU from the buyer. I can't see how the IOU can be valued the same as cash, so won't that cause the share price to fall?

"Looks as if we may have a super pit at least they have secure all exploration rights for the area.

Just think if it is what it would do to the share price lol"

The rampers with an agenda are spreading lies, Gotreal. Shouldn't you now jump into action and shout them down?

130p? Ouch.

@adrian

I'd argue that I've been sensible by not averaging down until now because the share price has continued to fall. Somebody wrote on here the other day that they'd been buying all the way down thinking each time was the bottom.

I agree that the current price seems like an opportunity to average down, but who knows what the circular will reveal? I think there's definitely the potential for a major downwards movement. It could also tank further if the sale goes ahead.

I've bought 47754 @ 2.9p to bring my total holdings to 100k shares.

Average purchase price is now around 9.5p.

I'm not sure which way the price is going to go when the circular is released, but knowing JLP it's probably downwards.

I might buy another 100k shares if the price falls further / remains under 3p.