At the moment there is zero amount priced into Jubilee share price for any copper that they will produce. Quite astounding since we now have less than a month to go before we start processing 1000+ tons of copper a month!!
Completely under the radar at the moment...
Nice uplift in PGMs at the moment which is why we gaining traction because if the market anticipated 1000 tons to come on stream in May the share price would have already doubled imo.
The few PIs that are invested in JLP are a very lucky bunch especially those buying in at this ridiculous price.
Kalan, as I assume you are a day/swing trader you mustn't forget the cardinal rule. Fundamentals beat charts every time. You playing a risky game when news flow from now on in should be VERY positive.
Was good to hear almost all the questions I wanted answered.
I feel Leon answered them honestly and when he started diverging Charles put him back on track.
My only quibble was Leon was unable to answer the first question with a definitive YES about Roan been commissioned by end of April. It was Charles that had to get him to say Yes and even then it was very faint yes and maybe why the share price is low.
BUT it's understandable as there are many moving parts in the upgrade and no one can be 100% sure it will be up and running by end of April.
I'm very bullish and hopefully the market will wake up!!
Although I agree with share holders frustrations Leon has a very very important task at hand, a task that is about to reshape Jubilee so i doubt he's worrying about RNSs when the most important thing is getting Roan up and running. I can only imagine how busy he must be.
For those with patience he is about to make us all very rich!!
Come to think of it, the Zambian business could be listed as it stands today and it would probably list at around 10P or even more with all the hype around the much needed green metal.
Their was a new junior copper miner/tailings recently listed on the JSE and on opening it jumped to around 40p. They don't even produce yet.
I personally feel that once Zambia is fully established they will be able to split their businesses into two separate entities thus creating even more value for shareholders.
Leon is always looking at the bigger picture hence why they decided to go into copper 4 years ago and it's about to pay huge dividends, pardon the pun.