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I have been doing some research into investing in CGO. Everything looks very good almost to good at this price. That tells me that generally something is slightly amiss. Big seller etc
I have noticed that CGH holders hold a large proportion of shares in CGO. what do holders feel the end game is of this holding? Could there be a constant sell off once the lock in period is over.
These should be much higher already with 2 possible revenue streams coming on shortly.
Trying to time my entry. I generally try to find small caps who are just starting or close to starting generating revenue.
That's all no other motivation. Thanks
Now we are coming to the end of the quarter, I thought a PGM price comparison would be interesting.
Plat is 25% up on last half and 19% up on the last quarter
Pal is 6% up on last half and 2% up on the last quarter
Rhod is 77% on last half and 35% up on the last quarter
thanks shiner. I have tried searching but no avail. lets see what others come back with.
I have also been curious as Leon has said in the past (one of the proactive interviews) that our a copper has attracted a premium.
Thanks shiner - yes that adds up then.
Pity about the delay but that cant be helped. Let's hope we get a quarter update (which we know will be amazing) and confirmation of roan in the next 3 weeks.
Looks like we wont get much cobalt from roan but more will come from elephant. 2021/22 will be great but 2022/23 will be immense. Tucked away and holding strong.
Homey,
What do you make of the below comment by the brokers then?
Scaling back of PGM production with its JV partner from Windsor and the expansion of the Inyoni circuit bringing all PGM production back in-house will, in our opinion, bring benefits to Jubilee’s operational and financial performance – we expect the expanded plant to be completed during Q2 2021.
They seem to think it will improve financial performance!!
so we have increased production in this half as I hoped for and mentioned previously.
The PGM numbers will be much better than we expect going forward.
they better issue an RNS with this quarters production and then another when roan starts suppling. it would be poor if they didn't.
some very interesting snippets. Esp:
That the December half 2020 was a better result across the board than for the whole of FY 2020 (ending June 2020) and, with increased commodity prices and production already in this current half,
Scaling back of PGM production with its JV partner from Windsor and the expansion of the Inyoni circuit bringing all PGM production back in-house will, in our opinion, bring benefits to Jubilee’s operational and financial performance – we expect the expanded plant to be completed during Q2 2021.
Thought I would do some calculations to see what kind of PGM earnings we can expect for the latest quarter (Jan – March).
I am using the realised basket value calculation in the below Broker note on the 8th July 2020 (page 7)
https://jubileemetalsgroup.com/wp-content/uploads/2020/07/FN-JLP-080720.pdf
(which by the way is a great broker note for information)
Oct – Dec 2020:
PGM produced: 13,143 (remember JV being closed for most of Dec)
Realised smelter value: $24,200,000
Average per gram: $1,841
Jan – March 2021:
Estimated PGM production: 17,100 (based on 3000 Inyoni and 2,700 JV)
Realised smelter value: $32,867,000
Average per gram: $2,501
= Difference of $659 per gram or $8,666,000 in the quarter