George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Glad this has had a bit of steady rise.
I just hope people can dispense with the cliched training leaving the station, rocket has achieved lift off whoosh comments.
I guess 6 trades in the same timeframe should be the benchmark
I didn't say that was cobalt, that would be 1149 tons of copper cathode produced, (Final product) of which 868 tons was sold at a total revenue of 6,893 per ton (JLP Don't sell the concentrate, unlike their PGM operations).
So our 868 tons of sold copper generated $6 Million in revenue, in a period where it has already been established that Sable was not running at capacity due to load shedding
Assuming Sable runs for 8760 hours (That is one year by the way) total electricity costs would be $14,000,000 dollars as the costs for electricity for business in Zambia is $ 0.04/KWh
So if you were running for 12 hours a days this would not be 45 Million, it would be $7,000,000.
Of course during the last 6 months there was load shedding, so how long was Sable not consuming any electricity, we are not exactly sure, but it is fair and logical to state that the production of the 1,149 tons of material in the last half did not take $7,000,0000 of electrical costs
Please, please, please say you are joking and you don't really think that this new ocean is going to be impactful on JLPs SP
I can’t even get a quote to sell more than 10 shares on H&L by the way so I’m guessing the same will be true of other private investors
Looks to me like 15 million shares being sold at any price above 6.5 pence and lots of people joining in to make sure their don’t loose their gains.
Two consecutive days of 6% drops, I’m betting this happens again tomorrow, I really hope I’m wrong.
I’ll think we’ll know in in a couple of days when the SP is above 16 pence
My real concern at this moment is if or maybe even when the next placing hits it’s going to be at a huge discount to the lady placing with significant dilution.
I was wondering how you process a prostate, but I guess that’s a discussion for other boards :)
Maybe because there appointment of a joint broker is screaming placing.
I hope not.
Why do people keep going on about issuing equity that is going to double the number of shares hence halve the SP.
This is a ridiculous argument I cannot see JLP issuing 1.3 billion shares to generate £150 Million.
Absolute twaddle
I would be very worried if Slater had more information regarding JLP spending plans then us as such info surely would be price critical and as such requiring an RNS, otherwise this would simply be insider trading.
Congrats funcky,
Fatherhood over 40 is definitely a challenge when they are that young, but there is nothing better :)
Yes I guess there’s only one tailing dump in Africa, once that’s gone it’s gone.
The copper tailings JLP have secured will provide material for 20 years.
If JLP is t for you maybe you should sell up and move on.
I for one being over 200% up and 80% up in my SIPP and ISA am very happy with the returns.
Dilution for a company with zero revenue stream is inevitable.
Give that the SP has been about in the same trading range for many months I would have to say that I’m not paying the difference at all, the SP at this stage hasn’t adjusted down to take into account the dilution
Not read the holding RNS slater prevoiusly submitted i guess BT.
Same number of shares, so no they haven’t been selling.
Just goes to show how you twist the facts for your own personal agenda
Don’t you mean 6 million + interest and warrants equating to 100 million odd shares
Hi sumo,
Where is the RNS that details the CLN terms, I can’t find it.
Rgds
So you think JLP should have paid off the loan facility of 6.1 Million plus interest then issued warrants for half of the total owed at and subscription price of 2.8 pence