Member Info for Happydays43

Based on that RNS, selling the SA business would be utter madness!

Maybe in two years when Zambia is atleast producing 10 000 tons.

Selling now is a big no no!!

Looks like we paying twice for the Sable upgrade...

Result of Conditional Placing (RNS January 2024)

Following strong demand in the bookbuild, the total gross proceeds from the Placing has increased from the minimum amount of approximately £10 million to £13 million (approximately US$16.6 million[1]) through the placing of 236,363,636 new Ordinary Shares (the "Placing Shares") with certain institutional and other investors at a price of 5.5 pence per share (the "Placing Price").

Use of Proceeds

Expand the sulphide recovery circuits at the Company's Sable Refinery to accommodate increased sulphide concentrate production from newly acquired projects (c.US$5.7m).

Nope, I distinctly remember you promoting the share issues. I might have to dig around in your old posts.

Jubilee needs intervention. Who's actually in control?

Gotreal, I seem to remember you always been in full support when ever Leon issued new shares. You shot down anyone that said otherwise.

What a fool you are now. Lol plonker.

I guess they can helicopter them in if they light... lol

Many more modules will need to be built... so add 18months or more if you use Roan as an example, from start of build.

I think Leon used the term "they've cracked the nut".

Papaki, copper has been processed hundreds of year obviously the last 50 years using better techniques..

What has Jubliee discovered that larger entities have not?. As you have explained it sounds like they mixing different (already known) techniques to get the best results. This really isn't anything new?

Very informative Papaki. Thank you!

This statement about increasing copper grade by 10x is a very BOLD statement.

You cannot go around throwing numbers out like that (a year ago) if its not true.

"it was mentioned in the RNS on 21/08/2024 when they first started testing the newly commissioned front end:"

"Early results indicate Roan's Front-End Module achieving a 10-fold copper grade upgrade into concentrate from Previously Mined Material meeting design specifications."

Does this mean lower grade material such as 0.7% turns into 7%?

Did we ever get follow through with this comment from Leon??

Comes down to what the front end of Roan (modular) is producing. Seems like we waiting for good numbers.

Let's hope there's real numbers in Circular and not thumb sucking!!

How did he get it so wrong???? How??

Listen from 10:50 mins

Https://youtu.be/BxdvAbKOp-o?si=dtiWuVciHIgm2nkC

This interview was 4 months ago with Leon.

Leon explains how Sable will be running at Full Capacity producing June July this year. Running between 8000 to 9000 tons copper per annum.

From the horses mouth.

4everlong, I think the JV hasn't kicked in because Leon is suggesting it's not going to be their material to process so jubilee can't make any JV at the moment.

Communication has gone down the toilet again.

Charles calls Zambia a bonanza.

And says we waiting for copper numbers to released in Augusts.

Forecast for year ending 25 is about Tons 5500

But if you add up what we know so far we looking at half thats.. 2500tons if we luckily.

Not sure what Charles is smoking 🤔

This is a question I have asked many many times.

After seeing what Roan produced recently with high grade material you can only imagine what they produced for IRH (trial). Hence the deal collapsed although Leon gave other excuses.

It's time for truths!! Or atleast transparency.

Yes Gray1, you would think they would have results by now. Let's hope it's in the Circular.. if not more questions to be asked.. I have a massive list.