Member Info for Happydays43

I'm expecting record earnings. Last time we hit record earnings we were trading at 22p. So will be extremely odd if we stay at these levels. Although look at THA...
Strange times in the market... I guess time to be patient. We at very elevated rand/dollar prices in Copper and PGMs. This should bode well!!

Welcome 2023!
January is going to be a doozy!
Results and the Northern Zambia strategy in the coming weeks. This will be the biggest news to date!! A detailed plan of the Northern Strategy and how we are going to achieve 40 000 tons of copper and 5000 tons of Cobalt will finally put JLP on everyone's radar.
Platinum prices on the rise due to reported deficits in 2023. Everything is now aligned for JLP to have good year!

In the 12 STOCKS FOR Christmas Podcast the key word that stood for me was "RAPID " growth.
I really truly hope we get a plan in January and this doesn't linger on!!
Leon said mid January so let's see.

Not going to say anything except well done Bushytail. You either a genius or extremely lucky. I haven't decided yet...

Merry merry Christmas to all.

CAWB - 60p
Long-John - 50p
Mikiesunday - 48p
Whyattearp - 40p
Linkie - 40p
Maximum - 40p
Tiverton - 40p
Shorn - 39p
Nelson - 38p
Thecatsback - 34p
If only - 33p
Well oiled - 32p
Tobin - 32p
Sumoskier - 30p
JLP positive - 30.5p
Geoffieboy - 28.8p
Truth and justice - 28p
Portal - 28p
Bubsythecat 27p
Frog boy - 26.5p
HappyDays - 26p
Stump - 25p
SeisNav - 25p
Hot chip - 25p
Ratboy1971 - 25p
Grezzz - 24p
NC737085 - 24p
Jolly1 - 24p
5x5Croire - 22.5p
Jonah - 21p
Bushytail- 8p

I do find it very strange that over the last 6 months not a single production figure has been released with regards to PGMS been produced per month from the upgraded Facility? Correct me if I'm wrong.?

New target is 3000 tons copper ending December. If we hit that target I'm sure the market will be satisfied. Same with PGMs. Will we hit 22 000 ounces?
I hoping for a bit more for both to shut up the market. If we miss these targets I fear more down side because then nothing Leon says is believable.

There seems to be a large disconnect in price vs JSE and AIM.
236 cents = 11.2p
I take it JSE share holders are not directly affected by the warrants. I've never fully understood how price movements works when you have two different stock exchange in different countries. By the looks of it JSE holders are not letting go their shares hence the higher price.
Were the warrants issued to UK holders and therefore sold on AIM only??
Thanks.

The £294 "Total Assets" value is in the October presentation PDF page 9.

Our current NAV is £294 mil vs current Market Cap of £285 mil.
So we trading at a discount to our NAV which some would say is a good buy.

Gotreal, since you are so well informed with JLP power and water issues are you saying we going hit 3700 tons of copper and 22 000 ounces of PGMs. Well then we off to the races.

Gotreal, does THA produce copper or cobalt? NO they don't. Is THA in the midsts of quadrupling their earnings? No they not. You keep harping on about THA just because they the only other PGM that hasn't preformed. They have there own cost issues. 99.99 percent of Pgm and especially copper producers are way off there lows! We are diversified now and NORMALLY the market rewards that. Do you understand that or you just
opposing by nature.

Its obvious investors are nervous about the upcoming report. The share price does not reflect current metal prices as other PGM and copper producers do. In fact we almost priced for a disaster of a 6 month update . What Leon could do to put his valued investors at ease is quite simple put out an RNS stating that we going to hit our production targets. The fact that he hasn't is concerning and I'm guessing its concerning for a lot of investors otherwise we wouldn't be in the gutter right now.

Weren't WH Ireland only referring to cobalt coming out of the Northern tailings. At the time they released that note there was no indication that we would be producing cobalt from the Southern region and if we did that was before we took 100 percent ownership of the tailings at the South. Also the 80% matches what JLP own at the Northern region.
Maybe I'm wrong... I'll.need to read through WH Ireland note and again and look at the dates.

Yes, I also looked at Cobalt produced around the world this weekend. DRC 120 000 tons then it drops dramatically to around 6 or 7 thousand tons to Russia and Australia. It doesn't seem real that we could be the 3rd largest producer of Cobalt.
And not country but company.

"Our Southern Refining Strategy is now fully owned by Jubilee capturing 100% of the earnings potential and allowing us the complete flexibility to better integrate Project Roan with the refining capability at Sable Refinery,” said Leon Coetzer, CEO of Jubilee Metals.

“We are now able to increase the copper sulphide section of our refinery to fully absorb this portion of Project Roan’s production that previously was allocated to be sold as a high grade concentrate under the terms of the joint venture while only the copper oxide was targeted to be fully refined to copper cathode.

If we own 100% of the Southern tailings why are we dividing the tailings by 0.8 before the 45% margin when working out the profit?

Billy, thank you for those articles on copper demand.
One thing those articles failed to mention is Cobalt.
If copper is set to reach new record highs in 2023 you can bet Cobalt will be on its coat tails.
If we see 11 000 copper we will probably see 80 000+ cobalt again
I wonder if each dollar cobalt goes up by does that go to our bottom line. My reason for asking is because they state our margin is currently 45%.
I'm guessing as the cobalt price goes up so does our margin. If we do go back to 80 000 a ton would our margin be something like 75%??

Excellent ,

Can anyone remember if we have every had earnings of $38 mil dollars over a 6 month period?
From my recollection this will be a record?

Looking forward to those headlines!
Record Chrome production.
Record copper production. Up 300 percent
New Cobalt stream.
Lowest cost producer of Pgms!

Thanks.
HD

"With the now proven processes in the South, the Company expects to receive the final recommendation on capacities from its design teams by mid-January 2023."

I have a few legitimate questions.

1. How can Jlp be working on design capacities when we don't know if we have managed to close the deal on the existing refineries they want to purchase?
2. Will they release these design capacities before we find out if the deal for the existing refineries has been finalized?
3. What about the additional 300 mil tons they talking about acquiring, will this not affect the design capacities?

My conclusion is that the deal is pretty much done and this why they can work on the design capacities.

Let's get real about dividends.
6 to 8 months before we put shovel to ground. Then Min 2 years to build and commission a 40 000 ton copper concentrator/ refinery. A cobalt line to be built. Eastern reef to be developed, either green fields or brown fields we still have no clue. Then 5 years (if we lucky) to pay off one hell of a bank loan.
There will be no dividends for atleast 5 to 7 years!! Yes after that maybe.
Luckily my Slp shares would have given 50% in dividends by then.

Charles, unfortunately the market has very obviously lost trust in JLP. Just look at the share price and look at the metal prices. Complete disconnect now.
Now look at our peers, all up as they should be with the current uptick in metal prices. And it's not the blady warrants keeping us down as people keep saying here. It's the market telling JLP we want transparency or we just not interested. For example look at everyone here second guessing Cobalt profits, they just never give a clear picture, we always second guessing. And having only half year reporting DEFINITELY doesn't help!
Maybe if there aren't any worms in the woodwork when the next 6 month operations report is released then maybe investors will start investing again. Till now we have no clue how inyoni is ACTUALLY performing (no quarterly). With all the loadshedding SA is having I highly doubt we on target. If we were on target, I haven't heard Leon say in any interview we going to hit PGM target this year. If you can find an interview were he says these words please correct me. Also I see Ollie gets no mention in interviews anymore..

Seis, this is an incredible article. I do hope JLP give us some more news on their own breakthrough leaching process. If it is similar this would open the doors "much wider" for JLP. I still feel JLP are not selling themselves enough. Quite frustrating.