That was the biggest plus. Everything hinges on Roan coming online to meet full year forecasts. Next year blue sky if copper comes online as expected.
But meanwhile those pgm prices and processing cost increases makes the bottom line look a bit underwhelming, albeit still profitable.
Bushy makes a fair point on Roan. Can’t do anything about the pgm price but if Roan was up and running at full capacity after all this time the share price would be very different. It has been a bit of a pigs ear.,
IRH will be signed off this month. The big news will be the upgrade to Roan is complete and no further delays. After that it looks very interesting.
Interims should be interesting.
90m revenue perhaps or more but less profit? Pgm margins will be weak and so will copper volumes.
The wild card is chrome margins, will the higher spot price translate into better rates for jubilee?
Interesting comments on hydrogen cars. It was on the news in Australia last week that only 6 hydrogen cars were sold in australia last year as part of leasing agreement, way behind the numbers of their ev counterparts. I’m not sure they will ever get enough traction.
Nice work on the charts.
In the latest interview I listened to Leon Coetzer opining jubilee should really be valued on its chrome production. Based on the price chart and the increasing production volume there’s an obvious disconnect with the share price.
There’s not much to say until the latest quarterly volume and pricing update.
I think the company are delivering well but they are completely at the mercy of spot prices, week china demand and market sentiment.
As long as Chrome prices hold up until copper production increases they should be fine but it could be as grind for a while.
Strong update.
Going for growth in the right metal. It’s why I’m invested here. If they pull it off short term I think fair value is triple the current market cap.
Longer term with our partner surely a billion dollar company?
And from memory copper margins were double that. More chrome will offset further price falls in pgm’s but copper in my view is still the future of this company for many many years. Just need some good news on output there and this share price will be a distant memory.
It’s very much the right metal at the right time. I’m surprised we are still at this so but such is life.
If an ii needed exposure to copper prices this company would be a good option. As private investors I don’t think we have the purchasing power to influence this much we are at the mercy of spot prices and sentiment.
It's a pretty damning assessment by TW. I'm out, I will take the hit and move onto new pastures. I think this will keep tracking lower for a while.
Derisk the cross deal!
Not a fan of acquisitions with convertible bonds but it could derail the croda deal.
Probably the only thing that affected the share price is a few people topped up triggering a small rise and a few others piled in thinking maybe news was on the way.
It doesn’t take much volume to move the share price either direction.
I can’t see the point of acquisitions and dilution. If our product is as good as it seems grow it organically instead.
Can’t believe we are still here waiting. I purposely haven’t looked in for a couple of months, the last few years have taught me it’s always close but not quite there! So not point following too closely.
Share price is up but probably because the gold price is. A bit annoying. I will need funds by March so will start selling some down then regardless of what has happened.