Member Info for gotreal

Https://time.com/6311954/china-diplomacy-g20-zambia-venezuela/ Xi hosting Hichilema in Beijing next week... As Zambia is deep in debt to China I can't believe the joint Sibanye/Zijin bid for Mopani won't win ...

If the Current Ratio is above 2, then the firm has too much unnecessary liquidity as its Working Capital is far too much to cover its Current Liabilities. A Current Ratio above 2 suggests that there is too much Cash, too much Debtors (Accounts Receivable) and too much stock – too many funds are tied up in unprofitable assets. Cash could be better spent to generate more sales. Too many debtors increase the likelihood of bad debts. While too much stock increases storage and insurance costs. All these assets could be better managed to increase efficiency, used for growth and expansion.

Cash just sitting in a bank is a dead asset and nowadays generally a wasting one with inflation. The company is inefficient.

You haven't got a clue ..... :)

Its called ...investing in the business for growth... doh...

The expansion of the chrome operations comes at an opportune time with supportive chrome prices and strong market support further extending operating margins:

o A total of 24 500 tonnes of newly produced final chrome product already traded and on track to trade an additional 17 000 tonnes of metallurgical grade per month

o Expected to contribute an additional 60 000 tonnes of chrome concentrate for the half year ending Dec 2023 and 4000 PGM oz.

· The Company is in advanced discussions to conclude its next partnership agreement targeting an additional 600 000 tonnes per annum processing capacity.

You have been reported again for defamation.

He copied those from the ADVFN board ...he hasn't got the nous to be able to work them out himself. He is a veritable idiot.

Your knowledge I would suggest is minimal....

METALS – Copper prices climb as China stimulus lifts demand outlook

03:10

BEIJING, Sept 1 (Reuters) – Copper prices started the month on a firmer note despite a strong U.S. dollar on Friday, supported by better demand prospects as top metals consumer China issued further measures to revive a crisis-hit property market. Three-month copper on the London Metal Exchange was up 0.8% at $8,487.50 per metric ton by 0136 GMT, after having registered its first monthly loss since May.

China's central bank and financial regulator on Thursday issued notices to ease some borrowing rules to aid homebuyers, including lowering the existing mortgage rate for first-home buyers and the down payment ratio in some cities. The property market accounts for a key demand sector for industrial metals.

LME aluminium gained 0.8% at $2,225 a ton, tin added 0.6% to $25,550, zinc moved up 0.8% to $2,449, lead increased 0.6% to $2,231, and nickel rose 1.1% to $20,520.

Global demand for copper will be aided by the electric vehicle market and a fast-growing India economy, said ANZ analysts in a note. Copper demand in India will exceed 1.5 million tons in 2025, up 40% from 2022 levels, according to ANZ.

Still, a strong dollar limited the gains and made greenback-priced metals more expensive to holders of other currencies.

Utterly ridiculous comment. You should be banned from the boards.

Thanks for the summary, Seis. Two things: With regard the contribution of the new Chrome contracts, I initially took it that the $50 - 80 /t was for the finished Chrome product. However, on relistening and given that the PGM contribution is factored into that range, I am now of the opinion that the $50 - 80/t is actually of the ROM incoming, pre-process. What is your view? If this is the case then the two contract extensions amounting to 960,000t gross have the potential to increase operating profits by between $48,000,000 - $77,000,000.

The other point is that the enlarged semi-commercial pilot plant is a 500 tonne per BATCH facility not per year ... "Results from the pilot trials, which target feed batches of approximately 500 tonnes at a time, will be used to confirm the design assumptions on scalability of the process flowsheet and to confirm final plant unit sizes. The bulk pilot facility is a critical final step towards confirming the design detail for the large-scale operational solution."

Final thing was that we now have back up power for 75% of the Chrome facilities, up from the previously announced 60%, so there is probably another 2 - 3 months work to cover the whole estate.

METALS – Copper rises as dollar softens ahead of key US data

04:44

Aug 29 (Reuters) – Copper prices rose on Tuesday, as the dollar weakened ahead of a barrage of crucial U.S. economic data this week, while China's measure to support its stock market also lifted risk sentiment.Three-month copper on the London Metal Exchange rose 0.5% to $8,397.50 per metric ton by 0240 GMT as trading resumed after a long holiday weekend, while the most-traded October copper contract on the Shanghai Futures Exchange edged up 0.2% to 69,070 yuan a ton.

The dollar eased as traders refrained from placing big bets ahead of a slew of U.S. economic data, including the PCE price index on Thursday and the non-farm payrolls report on Friday, that could define the outlook for interest rates. A softer greenback makes the dollar-priced metals more affordable for buyers holding other currencies.

Also helping risk sentiment across financial assets was China's move on Monday to boost its stock market by slashing stamp duty, among other measures. China is the world's biggest metals consumer.

Platinum @ $970 heading back t6o $1,000/oz.

Because the person concerned posts outright lies and defames the CEO....and the "facts" aren't relevant if you bothered to read it. Explain how the UNHCR can cancel a licence issued by the Zambian Government... You should be banned from the boards.

I suggest anyone interested in the remediation of historic tailings reads page 78 of the 2022 Annual Report: "Environmental management and stewardship" which covers the work being done with the World Bank on the Zambia Mining and Environmental Remediation and Improvement Project (ZMERIP).

"Given our technical team’s extensive expertise and knowledge of tailings remediation, we were asked to consult on the

project. During this consultation period, which spanned over two years, we investigated a large number of tailings facilities.

Our analysis focused on the environmental and health risks stemming from these facilities, as well as the commercial

viability of their remediation."

Well that dealt with the Clown but in a rather heavy handed way.... anyway, just to set the record straight from the Dec 2022 results announcement, commercial copper production :

§ Copper production of 1 149 tonnes below expectation as a consequence of the delayed ramp-up of Roan Concentrator, mainly due to power and water disruptions in Zambia, now resolved (H1 FY2022: 1 314 tonnes)

Today's news .....

METALS – Shanghai copper near 3 – week high on China demand hopes

05:42

Aug 24 (Reuters) – Shanghai copper hit near three-week highs on Thursday, buoyed by hopes of demand pick up as top consumer China is about to enter a traditional peak season. The most-traded September copper contract on the Shanghai Futures Exchange rose as much as 0.6% to 69,490 yuan ($9,556.88) per metric ton, its highest since Aug. 4.

Low inventory in exchange warehouses also lent support to prices, while data from the International Copper Study Group showed firm apparent demand in China in January-June. China's Yangshan copper premium rose to $48 a ton, the highest since July 7, indicating rising demand for imported copper.

Stagnated economic data from the United States and Europe eased pressure on the U.S. Federal Reserve to raise rates, softening the dollar and making commodities traded in the greenback cheaper to holders of other currencies.

Three-month copper on the London Metal Exchange fell 0.1% to $8,441.50 a ton by 0412 GMT, on profit-taking after the contract hit its highest since Aug. 10 on Wednesday.

That is a superb interview with some extraordinary facts mentioned. One dump in Zambia is 400,000,000 tonnes of ROM at 2% copper..... Even if we could only extract 50% of the copper content of that dump it would equate to operating profits of at least $15,000,000,000. ... that's 15 billion dollars.....

RIDICULOUS!! Hahahahaha... :)

METALS – Base metals gain on China's efforts to stabilise yuan

03:44

BEIJING, Aug 23 (Reuters) – Most base metals gained on Wednesday on China's efforts to slow a slide in the yuan and ahead of a seasonal demand pickup. Three-month copper on the London Metal Exchange was up 0.2% at $8,378 per metric ton, as of 0200 GMT. On the Shanghai Futures Exchange, the most-traded September copper contract was up 0.8% at 69,100 yuan ($9,481.08) per metric ton.

Market sentiment was helped by a rebound in Chinese stocks due to cheap valuation and Beijing's measures to stabilise the yuan after an about 5% fall against the dollar this year. Spot markets in China saw more copper buying after prices fell for three consecutive weeks. Expectation of better demand from September onwards, a traditionally good demand season, also lifted buying.

Gains in metal prices were however limited by a firm dollar. A stronger dollar makes it more expensive to buy the greenback-priced metals. The dollar retreated slightly on Wednesday but stayed close to a two-month high.

THEY DO NOT HAVE TWO CFO'S ... as I told you before! "The London-based metal processing company said acting CFO Pedja Kovacevic will continue in his role as chief of strategy & advisory once Reynolds has joined the company." https://www.lse.co.uk/news/JLP/jubilee-metals-appoints-new-finance-chief-and-head-of-energy-metals-vk2zoaym9g06b09.html Are you thick??

I see Instantidiot getting in on the act now....

I don't recall copper grades of 2% being mentioned before... that's phenomenal! The big miners would kill for 2% ROM.