Member Info for gotreal

Illuminate ....you plainly haven't been invested here very long .....

No, Frog, I an challenging what you said with regard copper production being shut down - it isn't - and expressing surprise, nay incredulity, that someone who says he has so much invested is willing to buy into the games the spinmeisters here play.

That's because they are so short sighted they can't find a more productive use of the cash.... buying back shares should be the last resort of any company.

Why are people repeatedly claiming that we are not producing copper?

No it isn't, it is running at reduced capacity... what is wrong with you??

I wonder why HDS ..... when the knockers are trying so hard.....

BRIEF – Goldman Sachs Sees Copper At $12,000/T On A 12 Month Basis

24 Apr 2024

April 24 (Reuters) – GOLDMAN SACHS:

Sees $2700/t 12m Price Targets And $2850/t 2025 Price Average For Aluminium

"We Target Copper To $12,000/t On A 12m Basis"

"On A 12m Basis, We Continue To Target Lme Nickel At $15,000/t (Average $16,000/t This Year)"

Says It Continues To See The Copper Market In Countdown Phase To A Refined Metal Deficit

Agree NTD and I wouldn't discount the hand of Ollie on the tiller, either....

What about the last scurrilous comment, Northern?

Not worth commenting on that....

They began building plant in 2019: "Cape Copper Oxide started construction of the copper processing plant on 12 April 2019" https://copper360.co.za/about/

That's 1,000 tones of concentrate not 1,000 tonnes of Copper.... after 5 years.

Never miss an opportunity do you Gray.... ? :) It will; it was de-prioritised.

Https://copper360.co.za/about/

Yes. They have been listed for 1 year. They started building plant in 2019.

Quite right! AI ain't what its cracked up to be.... And when you catch it out making things up it just apologises and sheepishly says its still learning... 😂

If you only take a position in a stock always expecting to profit and then blame everyone else when you don't because you can't accept the reality of every day occurrences, more fool you. On the other hand when you invest in a company you are taking a conscious decision on a long term strategy and accept there will be unforeseen events that may negatively affect you but will probably be temporary and so you weather the storm. Have you seen Slater liquidating his holding? No, he has simply added on weakness, as long term investors do. However, even those with a long term view are liable to object when there are some that deliberately act, deviously, subtly, slyly, for whatever their agenda may be, against the best interests of the company and investors by trying to undermine sentiment toward it as an investment. It is worth a pause to think, which I imagine everyone is guilty of not doing, me included at times, about just how difficult it must be running such a large business, employing well over a thousand people, let alone one in Africa, split between two countries, with vast distances, poor logistics and infrastucture and dubious politics and business practices and all the things that can and do go wrong operationally, strategically, politically. Yes, difficult enough without agent provocateurs and armchair CEOs with their own agendas and little actual knowledge attempting to undermine your efforts. Therefore, to the latter, do not be surprised if the reaction to your activity is hostile.

I think the JLP board have rather more to concern themselves with than a few emoting PIs on a BB, Frog... Their toes are safe.... but you are shooting yourself in the foot by promoting negativity.

Zambia seeks power imports for key mining sector

22 Apr 2024

LUSAKA, April 22 (Reuters) – Zambia's state-owned electricity utility Zesco said on Monday it is seeking to import power to avert an energy deficit that could affect output in Africa's second-largest copper producer. The southern African country generates 86% of its electricity from hydropower stations. Power generation has been hit by a severe drought induced by El Nino – a weather phenomenon resulting from the abnormal warming of the waters in the eastern Pacific, which raises temperatures globally. As a result, Zambia expects a power generation deficit of 700 megawatts this year, Zesco said in a statement.

"We are negotiating additional electricity imports that will be strategically allocated to crucial sectors, including mining, agriculture, and manufacturing to support economic stability and growth," Zesco said. It did not give details of how much power it seeks to import.

Last week, Zesco warned mining companies there may be fluctuations in power supply due to the reduced generation capacity, raising concern over the country's copper output. Zambia's copper output declined to about 698,000 tons in 2023 from 763,000 tons the prior year, according to the country's mining chamber. The potential risk to copper production from the African nation comes at a time when the market is already concerned about tightening global supplies constraining refined production of the metal, which is used in power and construction industries.

Good job we have already negotiated a preferential, strategic level supply at Sable and have mitigated the effects of cuts through the low power modular approach and back up generators. The copper price can only go higher....

Mikie, why anybody who actually holds shares in the company thinks it is in their or anyone else's interest publicly, here, to constantly, repetitively, sometimes slyly, highlight negatives, damn with faint praise, cast doubt on the viability of operations or just vent their frustration and moan is curious / incomprehensible. As one of the unofficial shop windows of the business, it doesn't encourage new investors or improve the sentiment of current holders, which is the ONLY thing that moves share prices, to constantly cast doubt on the capability and honesty of the management while ignoring, or being "unable" to recognise, the enormous success that has actually been achieved in the face of many extrinsic challenges, the details of which we can be certain we know little about, and understand even less.

The reality is that we have a profitable, successful and perfectly positioned business, in terms of product, environment and political positioning, on the brink of a glittering period of operational and capital growth, which I am sure, will pay back the faith and the investment that the long term, constant investors have put/made in JLP. Slater and the other long-term IIs certainly believe so, and I am sure they know far more than any of the bulletin board heroes here. It is lucky for all holders that some at least don't flip-flop their committment and allow themselves to be distracted from the big picture when things inevitably don't go exactly according to announced plan. If everyone bailed on every bit of bad news there wouldn't still be a company for all to profit from now. Some here, I suppose, are so focussed on their own emotions, and very possibly are over-invested, as to not see, in the moment, the bigger picture; its all about how I feel, nowadays and "I have a right to emote"..... its so un-British. Others may have more dubious motives .... NB Placings have kept JLP EXPANDING - not AFLOAT!