Member Info for eagle1234

He’s on something that makes him hype GLR (i.e. Molefe) 24/7 with low-value AI-driven posts ad nauseam.

Maybe not relevant but 50,000 tonnes copper per year at for example 0.5% copper raw material would be 10M tonnes of raw material.

At 240M tonnes, that would give a "life of mine" of 24 years.

Clearly any of the above numbers can be amended with whatever assumption you like.

No worries Kalan.

In good faith, the other side of the value calculation is the number of shares in issue, which was probably quite different 19 years ago as there's been lots of dilution (boo).

I expect that a lot of that peak was hype around Tjate? Also, picking the absolute peak at 122p, which was probably held for a day or two, might also not be representative so your figures are to be taken with a pinch of salt. (respectfully).

That said, I'm furious at the state of the share price and you're clearly correct that it's chronically underperforming.

I think the share suffers high volatility when the market is risk off, such was with this Iran business, where we might not benefit from high copper prices due to lack of sulphuric acid. Also makes it a potentially great opportunity if the tide starts turning.

Looking forward to the Molefe presentation, along with timescale for the new concentrators there, and of course hoping for a JV or two on the large waste after much delay.

Cheers.

Chatmandu, again you chronically misrepresent... "except for ad hominin attacks" [sic]

If you look at my post Today at 11:12 I post in good faith going back and quoting from the circular to rebut your assertion that there is a profit share agreement.... but you wouldn't want to address that, or your (deliberate/naive) error directly would you?

I'm not rebutting your "arguments" (read: drivel) with a logical fallacy such as an ad hominem attack... my central argument IS your character, or lack there of. Don't get the two confused.

How to lose all credibility in one sentence:

"Chatmandus posts are thoughtful, reflective and anlytical."

LOL

@jolly1 From the circular:

"The annual deferred payments will be accelerated by US$5/t for each tonne of chrome concentrate production exceeding 1.5 million tonnes and by US$70 oz for each ounce of PGM production exceeding 36 000 ounces."

So for this section it's contingent on volume of production.

There is also a royalty: "A minimum Royalty of US$12 million up to a maximum of US$15 million shall be payable by One Chrome to BHM, subject to fulfilment of certain royalty related conditions (Royalty Conditions) namely: One Chrome will pay US$3.50 cents per ton of chrome concentrate produced by the Disposal Group, on condition that the Disposal Group has met certain commodity price and exchange rate performance criteria. These targets must be confirmed by the Disposal Group appointed Auditor for each 12-month period;"

This is linked to volume, and "has met certain commodity price and exchange rate performance criteria" which is not exactly clear but doesn't seem to add to a profit share.

Jolly "we still earn a decreasing percentage of chrome and pgm profits as onechrome pays off the sale".

I don't think that's the case, unfortunately. There is Security, but it doesn't entitle us to profits from what I can see: "The Deferred Payment is secured by the Purchaser through a pledge over 49% of the issued capital of JMG SA Holdings to be held in escrow by BHM’s nominated attorneys. The Share Pledge shall be reduced proportionally on each occasion that the Purchaser makes a Deferred Payment, provided that at all times until the Deferred Payment has been reduced to zero, the Share Pledge shall not at any time fall below 25.1% of the JMG SA Holdings’ ordinary shares. To ensure enforceability, Jubilee has secured step-in-rights over the pledged shares."

"and onechrome have neatly sidestepped that by claiming the price of their own rom has gone up."

So this doesn't seem relevant, but you are seeming to be claiming it so I'd be interested what's made you think this and express it as something that has happened when we are less than 4 months post sale and haven't seen Q3 information.

Happy to be corrected!

@Chatmandu "4) Will potentially receive no PGM profit share payments from OneChrome because they can simply increase the ROM price and take the profits from that part of company, instead of the processing part. "

There is no profit share. Stop making stuff up.

The mine plan was published on 31st March 2026. It was titled "Implementation of Mine Plan at Molefe". That's 1 week after, so they beat their 3 weeks by 2 weeks, probably trying to soften the impact of the H1 results.

Maybe the website will be updated with some nice graphics soon, but we already have the mine plan, and if you really want to get pedantic the mine plan is on the website in the form of the RNS.

From the 25th March RNS which was the Phase 1 drilling results: "The updated expanded mine plan, incorporating the latest drill results and developed in partnership with Galileo, is expected to be published on the Company's website within the coming three weeks."

I always thought when they talk of "latest drilling results" they were referring to the Phase 1 results in the RNS which are the latest results.

Where people might be getting confused is the sentence prior says "Results from the phase 2 drilling program will be used to provide a clearer timeline for the release of a formal resource estimate." It could be that you're inferring incorrectly that they meant phase 2 results would be released.

Of course I might be incorrect also.

Remember anyone can email the company, or at least JMK, for clarification and receive a timely response in my experience.

I expect if they didn't think they'd get the votes then they would withdraw it. Could mean institutions are putting their foot down.

Did anyone attend who can provide more context?

One question from me is, can they still issue shares for the LWP and Roan ROM if those contracts were written with those terms prior to this?

@Chatmandu re: 13:44pm message - I like the honesty, I'd be as irked as you in the same situation!

Best of luck to you and your family.

Sorry about the loss, must have acquired at around 5p?

It does however strike me as an odd strategy to buy 400k shares and then talk the share down publicly and chronically sow misinformation.

Kalan, stop saying people are getting attacked, calling Sirboring's antics out is justified.

They constantly post rubbish, with zero insight. Every day. In my opinion, his post isn't "spot on" it's lazy and deliberately misleading with a clear agenda by trying to pass off RNS wording with sentiment "these are some things we can invest in and we might get started on some this FY" as something the company has promised.

Go and look at your charts or something and come back with some insight that isn't "the share price might be between 2p and 4p at some point in the future". We get you're smug about selling at over 4p, and we understand you're looking for a lower entry point.

You've used the words "promised" and a lot of what you posted wasn't a promise was it? It clearly says "offer the potential to"

Go back to slagging off JLP and posting non-sense all day on twitter.

Thank you bottomsup, helpful.

"This work is expected to ultimately lead to the publication of a JORC-compliant resource statement."

I'd be interested in knowing what sort of timeframe they are envisaging for that as "ultimately" a little ambiguous.

This is what the RNS from 12th March said:

"The Company has progressed partnership discussions with two preferred partners both of which are operators with substantive operations within Zambia. These discussions are expected to be concluded over the next two months with final due diligence being concluded. The partnership discussions focus on establishing a joint venture to upgrade the copper contained in the Large Waste Stockpile and refine the recovered material into copper cathode."

This is more than "exactly zero information " I would say.

Obviously we aren't being told too much. That doesn't mean it's likely to be a conspiracy, with Colin Bird or otherwise, though.

If you want to know more, we could club together to hire a Private Investigator to follow the trucks from the LWP. That would be more productive than talk of shell companies etc...

Why are you asking if you aren't interested in anyone's reply.

It's completely pointless engaging in good faith discussion with you.

Sirboring, I think you've used the total costs for JLP as a whole and applied them to Roan? Not sure how relevant that is, unless I'm mistaken.

Also has drilling holes 1-7 labelled on the picture, which can be matched to the borehole ID on the RNS from 25th March.

Good reminder of the mine layout, thanks.

I've tried being polite and posting in good faith... chatmandu forget putting it into AI, Accounting for Dummies might be a more appropriate book for you... as despite me saying it has nothing to do with cash you're still banging on about it.

Despite me saying you e misunderstood, you've