Member Info for Iluvise68

Yes best to be under the wire and wait and see the progress -

Yes the FD is impressive and appears to be charting a positive way forward with the emphasis on returns. When the resource is clearly delineated and production increases and the waste rock JV is signed the SP should respond.

There is far too much idle speculation and worse on this board. I’ve voted in favour and expect there will be progress over the next few months. The company is at least 50% undervalued on any measure and that gap will widen on news of the drilling results and JV. That should attract more forward looking investors .

The investment case hasn’t changed IMHO. The update shows progress on 3 fronts but more patience required here folks. There are deals being worked on in the background and will be reported in due course, but not the game changer everyone was hoping for hence the reaction today. Obviously an amazing entry point / opportunity for some.

I will await the circular next week which will hopefully put more flesh on the bones.

Charles Archer update:

Jubilee - we had an update on South Africa operations but this was largely irrelevant as these are being sold to fund a Zambian bonanza.

While I am fully aware that many long term shareholders are growing increasingly impatient, the Zambian copper update on numbers will come in August and this will give us something to work with.

I do think that this stock remains very undervalued.

If you consider the market cap is around £100 million ($130 million), and the asset sale of chrome/PGMs is worth $90 million - then the enterprise value of Roan, Sable and all copper mines in Zambia stands at a paltry $40 million, which is ridiculous.

It’s down about 10% year-to-date but has been bouncing around all over the place - which is to be expected given that the fundamental nature and risk/reward curve of the business is changing.

Where is this information from?

Lots of de-ramping on here and large orders being filled?

It’s an excellent entry price for those taking advantage here. Some large buys going through. Best be patient.

Chrome is down BTW just thought I would mention as the basket price isn’t a one way street.

There is a wait whilst we await the cricular and updates on Zambia and Mr Papaki has stepped in with his speculation and concerns. He has cast sone apersons on the BOD and senior management but the institutions are mosy likely on board and the likes of the Bill Gates foundation 45.18 far outweigh his 8 millions. Its best to wait and see what the BOD present

You havent posted the full responses so how do we know that your "take-aways" are cogent?

Is anyone able to post the latest Simon Thompson ‘This is a game changer’ article?

If the deal is supported by the FD (slater’s man) after. Considering the potential and by Slater (10%) holding it will

Go through.

The key here is the Project G and M drilling results and what they will show about the future prospects - the £££ is in owning the resource

Yes but his would have happened but for :

(I) delay supplying the Roan parts

(Ii) power shortages in Zambia

Not all of the delays have been caused by the Mgt and if things had gone to

Plan they would be further advanced but it is what it is. There is a lot of good news to come out of this in the next few months which should lead to a re rate.

Can someone copy/paste the summary?

They have basically put a for sale sign up for the SA oeration so lets see if any other offers emerge..

Yes a ‘lifestyle change’ announced in instagram 10th April (and not exactly a harbinger of doom as suggested in some quarters) .

Could be any number of reasons for him

Leaving but may also be a reason why JLP are keen to secure the mining opportunities before a competitor gets in 1st as RG knows exactly what they are?

And no information on a replacement?

The other issues to take into consideration are future risks in South Africa including

Cost inflation (power and wages)

Rising costs of inputs

Political risks

Whereas they appear to have carved out a niche in Zambia.