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Good morning All
Please can someone help with the costing on the above.
I am looking for info on:
1. Cost per module
2. Delivery period
3. Annual copper equivalent production per annum
If exact info is not available a good thumbsuck will do
Thanks for your help
Copper360, listed on the JSE, recently announced the commencement of copper production with the production of 137 tons of copper concentrate. The share promptly doubled from 260 to 520 and is well supported above 500. The re-rate has resulted in an accretion in market value of R1.8 billion.
Roan is about to commence production at a considerably greater volume than Copper360.
We should therefore gain at least R1.8 billion in market cap and to be fair we should benefit to a far greater degree than Copper360.
However, if we only gain R1.8 billion in market cap this would take Jubilee from last nights close of 164c to around 230c.
Hold on to your hats for a quick re-rate this month to at least 230c
Reading your message Mikiesunday reminds me of how I felt nine months ago. I gave up on Jubilee around that time and thank goodness I did. Your comments are 110% correct and define the exact reasons why I had had enough. The MD and new chairman have done nothing to instill any faith in the future of Jubilee and I think the best possible way forward is for Sibanye to replicate the DRD deal and take Jubilee under its wing.
That will help a lot as clearly the top team is lacking in so many areas. Froneman will get things moving and will be able to put long suffering shareholders out of their misery.
I could even be partial to re-investing if that were to happen. Good luck all and I hope you long suffering shareholders will find solace in a new broom sweeping clean.
The release of yesterday's shocking news is nothing more than a betrayal of loyal shareholders. I have been a holder of Jubilee for around 5 years but in recent months have reduced my holding considerably (thank goodness!) The non existent communication to shareholders is going to drive this company into the ground. Jubilee will require a lot more equity funding in the future and I cant see existing shareholders stumping up with this type of track record.
Leon and Ollie have both screwed up completely. Both need to go. The chairman needs to be replaced by a chairman who is visible and is adding value. This not the case right now. Leon needs to go back to the a new COO position where I think he can excel. We urgently need a proper CEO who understands what the role of a CEO entails. We need a detailed new strategic plan that clearly sets out the strategy for the next 5 years with milestones, dates and a funding plan that is credible and realistic.
Above all shareholders need regular and truthful information starting with quarterly production reports and regular feedback on progress. Neither Ollie or Leon seem capable of this vital feedback.
The share price will flourish if and when we get this. The company's bright future is being squandered by this incapable duet.
Hi All
This is my first post and I am trying to understand why Jbl has not exploited the wide gap between chrome processing capacity of 250k per month and pgm capacity of around 75k per month. It seems that pgm production could be expanded about three fold.
Is it feasible for this to happen in the next few years given jbls financial position and the availability of tailings