Member Info for ICB888

MM’s playing games closing this down 7.8% at 23.50. The first 20 of todays 29 trades were 25p or above. There were only 2 small trades towards the close at 23.25 and 23.06. The final trade of the day was above full offer 50000 at 25p. The closing price does not reflect the price at which the shares have changed hands today and more buys than sell. This should move up again in the morning.

Excellent start to the week for Blu on a day when global markets continue to fall. It seems an alternative to banks is proving popular on a day when Banks are under considerable pressure. Currently number 3 on the Leaderboard Up 11%.

Excellent start to the wee

The report contains no surprises and JLP is moving forward on track. Todays fall is down to global market falls and it is not JLP specific.
“ Statement from Leon Coetzer, CEO:

"Our South African operations delivered a strong performance, with a 20% increase in PGM oz versus H1 FY2022 from own operations while our chrome operations exceeded guidance, despite the impact of initial power interruptions. Costs remained tightly under control, with PGM unit cost remaining close to US$600 per ounce. This positions our PGM operations at the bottom quartile of the industry's cost curve which is of key importance during current volatile markets.

"Our Roan copper concentrator is back on track, with the resumption of the ramp-up of the operations reaching 80% of full capacity by the time of this announcement, after an extended period of water and power outages that have been addressed through our various interventions during February this year.

"Jubilee has shown its resilience, acting speedily to implement solutions that address the infrastructure challenges faced at our operations during the period. The actions taken in South Africa included the implementation of back-up power units at our Windsor operations, which will be expanded over the coming period, while increasing the PGM stock held at our Inyoni operations to buffer against any prolonged power outages at our chrome operations. In Zambia, we expanded our scope and implemented a dedicated, privately owned water infrastructure, to ensure water supply to our Roan operations, while expanding the power infrastructure and entering into a new power arrangement, that significantly enhances the security of supply to our operations. Together, these measures should mitigate against the impact of future power or infrastructure related issues on our operations.”

Gold currently at 2002.

Gold is currently trading at 1989 so that 2000 level looks set to be breached next week. It’s a timely reminder that in times of financial crisis there is a flight to gold. This can only help in securing a good price for Condors assets which we all know will produce over £1 billion + over the life of the mine and it will only take 12 months for the buyer to recoup the cost of constructing the mine. .

DDD
Have you missed a “not” out of your post as in “will not be a million miles wide of the mark”

Now Up 11.9% on volume of just 259000. 23.85p has just been paid. Starting to look like a coiled spring.

A good start Up 10.7% on volume of just 207000. 23.7p just paid. If the volume kicks in this should be interesting.

The volume in Canada was higher than usual at 215000. COG.TO closed Up 46.43% at CAD 0.41 which converts to 25p.
Let’s hope that CNR follows that lead tomorrom, which would be a 19% rise from todays Uncrossing trade at 21p.

Double digit daily increases will be great. 14.2% yesterday and currently 15.3% today on virtually identical volumes of 1.7 million. Still 45 minutes of trading for another push into the close to regain the days high.

We have just exceeded the volume of 346 million seen on 10th February when BLU closed at 0.285. It would be good to close higher than that, bearing in mind that we are still 14% down on where we were 1 year ago. BLU is clearly in a much stronger position than it was a year ago as evidenced by todays RNS.

49.5 million

It’s moving quickly Up 25% on volume of r8.5 million.

12 trades so far for a volume of 237000. All buys above 18p with a high of 18.50p.

On a good day for gold stocks and with gold having rise from 1810 to 1910 in the last week Condor gets a mention:
“ Among London's smaller stocks, Condor Gold, which mines the metal in Nicaragua, climbed 2¼p, or 14.3 per cent, to 18p amid claims of high interest in a gold project it is selling.”

Just watched Mark’s proactive interview. I have never seen him smile so much. He is visibly very excited about what has been happening. A very large Chinese gold company has been on site for 8 days which is serious due diligence. Marks body language suggests he is confident of a a sale at least within the US$100-200 million he indicated back in November. He has clearly been authorised by Hannan to mention the Chinese which should now flush out some more offers for a bidding war.
It is looking very promising and a poster who spoke to Mark reported he said that people shouldn’t take any notice of the current sp as a guide to the actual sale price.

Currently Up 11.1% on volume of 450000 and moving towards the top of the Leaderboard currently number 3.

That is the most important take from the RNS. But also the level of interest suggests we have a perfect scenario for a bidding war. An excellent start to the week.

4 Directors and 2 large shareholders have increased their holdings this week. Actions speak louder than words in my opinion and I have followed their lead as the company is clearly massively undervalued at the current sp.