The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Personally i have had a complete rethink about Jubilee and have sold my 930k shares and am now sitting on the sidelines with my money.My average was 8p and i have taken the profit and will wait and see how the situation develops.
On one hand we have the growth of copper production but on the other i have concerns about potential dilution.After the recent ACAM conversion ,my concerns grew about how the global strategy will be funded,will there be a dilution for that and what % will that be.Plus 10m waarants expire this year and 64m expire Jan 2023.Also re ACAM in Jan 21 they accepted a partial conversion of the CLN resulting in the transfer of 80m shares to IIs .This imo casts doubt on whether they will hold or sell their recently acquired 209m shares.
So i have abandoned ship ,temporarily i hope ,to watch what happens next.
I have been wrong before but imo the increase last week was a trend starting that may have taken us back up to 20p ish but for the Ukraine shenanigens.Imo we will soon be over 20p.Looking back at last years SP graph the low point (aside from January) was August generally .This followed the 6 monthly operations update (6th Aug) which was generally good but it also included the news re Inyoni down time.Now we know the extent of the impact we are seeing more volume traded and more interest generally.It may all be wishful thinking of course but imo the SP is resuming its upward trend.
From the investor presentation,gold assays due q1 2022..
It took our neighours Black Rock ,5 months from the grant of their mining license to update their DFS.5 months will be up for ACP at the beginning of February so the apparent lack of news really ought not be too much of a surprise to anyone.With any luck we may see things starting to move in the not to distant future.Just a waiting game that needs a little patience.
Previous rns told us we produced 520t saleable copper in Oct ,this rns is 1090t in the quarter = 570t in Nov Dec combined.We already knew Dec wasnt going to be great but Nov cant have been special either.If thats the case it must have been obvious to the BOD some time ago that there was no prospect of clearing the hedge in 2021.
Loosing faith here in the BODs ability to accurately /honestly inform us of what is happening.
Agree with all the comments on EPS and the impact of copper and cobalt on profitability.
What about the Chrome price? This appears to have taken off over the last few months.If it sustains or carries on going up this too will have an impact.
Lots to look forward to .
Riverfort repaid
Thats how i see it also. With the loan closing the threat of dilution has effectively evaporated .Ought to signal a re rate ,but this being AIM anything can happen to the SP short term
Couple of weeks ago he was the reincarnation of Nostradamus and now he does not know what Nugget pond is.That takes insulting peoples intelligence to a new level
Thats my big concern with the management ,they spend money like it is free.Ok they are trying to speed things along by cracking on with bringing the mine up to spec but they have done things in the wrong order. They have committed to spend £xxxx before they have secured said money.Correct order is secure the money then commit to spending it not the other way around.Schoolboy error.
Having said that im not going anywhere in the belief that things are heading in the right direction but imo no one with any sense will have handled the finances in such a chaotic manner.If we come good it will be in spite of RMMs money management
August 31st RNS came at 4.56pm ie after market closed.More of the same today?
RMM cant announce stopenings even if they wanted to via RNS without appearing to be hypocrites purely because they didnt announce the stopecollapsening via RNS.QED
"Rambler's focus is to regain its production profile at 1,350 metric tonnes per day at 2% copper in the course of 2021 and evaluate expansion opportunities from that base."
From the same RNS.
C+P from the new website Operations Overview page the following
Jubilee has a portfolio comprising operations in South Africa and Zambia and a copper project under review in Cyprus.
Suggests that Jubilee think Cyprus is their type of project, maybe a deal is imminent.
StuAFCB,you are correct, in meant during Q4