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@ Frogkid
Yip in my opinion, nothing to hang our hats on yet.
There are a number of possibilities, but I am not banking of anything happening, where JLP has no control over. Remember this is Africa, where money changes hands under tables and lands in foreign bank accounts.
Sticking to the current scenario of Chrome, PGM'S, Copper and Cobalt of the current operations we currently run. They should have improved on last year.
GLA & DYOR
I stand corrected by Bushy
Jubilee have given a guidance of exceeding 1.2m tonnes to June 2023 whilst Tharisa have reported 1.1667m tonnes for 9 months not 12 months.
Excerpt from Tharisa's production results today - “The unique co-product model was again highlighted with the Company benefitting from continued favourable chrome pricing while dealing with PGM pricing pressures, resulting in strong free cash generation.
Jubilee's produces significantly more chrome than Tharisa and should have benefitted similarly (margins would vary obviously).
GLA and DYOR
Very interesting article for numerous reasons :
https://www.miningweekly.com/article/glencore-moves-to-take-full-control-of-minnesota-copper-developer-2023-07-03
What amazes me most is most neigh Sayers on this bulletin board trash JLP based on SP alone. Bushy claims to use charts but at the end of the day, none take into account that we are in an inflationary environment. The moment, which none of us can predict, that changes and job creation becomes a necessity, which will be fantastic for commodities and commodity prices rise dramatically ie immediately post covid, and what will happen to the SP then.
It is easy to see who are the Gen Z investors in here looking for instant gratification.
Trash JLP all you like boys (and gals), I have been accumulating shares at these levels and feeling very comfortable with my investment.
GLA and DYOR
Right on the money Seisnav.
Looking forward to the upcoming months. If his ego didn't get in the way, BT can still get in cheaply.
Looking at the macro environment, exciting times await commodities.
GLA and DYOR
I suggest you all read Tharisa results and comments before expecting JLP to shoot the lights out to raise the SP. Tharisa's main operation is also in South Africa. Commodities (like everything else atm) are struggling with factors outside the control of the companies. Knock Leon and the team as much as you want. The company is making money, building plant and growing. Stop being obsessed about the current share price.
Tharisa PLC on Friday said interim profit fell sharply as platinum group metals sales and prices declined, despite positive chrome performance.
The Cyprus-headquartered platinum miner posted a 42% drop in pretax profit to USD72.4 million for the six months that ended March 31 from USD124.3 million a year earlier.
Revenue was down marginally to USD335.3 million from USD334.0 million.
6E PGM production was 16% lower at 77,000 ounces from 91,800 ounces. PGM sales fell by 11% to 76,800 ounces from 86,500 ounces. It fetched PGM basket price of USD2,216 an ounce, compared to USD2,592.
However, chrome production inched up 1.4% to 787,900 tonnes from 776,700 tonnes.
Chrome sales grew by 10% to 789,400 tonnes from 719,300 tonnes, while metallurgical grade contracted selling price of USD247 per tonne, up 41% from USD175.
With its primary mining operations in South Africa, Tharisa benefitted from a weaker rand, it said. But this was offset by electricity loadshedding and logistical constraints in South Africa.
PS - > Tharisa's cash on hand went from $101m to $205m showing too that it is generating significant amounts of cash, much like I believe Jubilee is doing.
GLA
I find it amazing that everyone blames LC and the Company for the SP and the current situation.
We had almost 3 years of a pandemic, Inflation is soaring across the world, banks are folding and markets are falling.
Look towards the bigger picture and not in front of your noses.
This is a great time to be invested in JUBILEE, certainly the most exciting time. All the naysayers will disappear when the market and this share price turns upwards.
AND TURN IT WILL
GLA & DYOR
The key takeaway for me is twofold :
The fact that the RNS mentions the 780 000 capacity of the copper concentrater at Roan. That, together with the increased capacity at Inyoni (completed) , shows the market (and us) how much the Company has grown over the short period in terms of plant capacity.
The second takeaway feeds off the first, being what a different animal Jubilee is becoming from the other PGM producers (Sylvania and Tharisa). The South African PGM operations have funded the growth of the Copper (and cobalt), utilising US$48,2 million. Not small change by any means. The reinvestment of cashflow generated is certainly going to bode well for the future.
Very excited about the quarterly reporting and the future prospects.
GLA & DYOR
@seisnav
When markets are falling shareholders tend to sell their winners - Warrant holders are still in the money having paid 6p, so that would be, imo, a good time to offload those shares to either put into the bank or wait on the sidelines with until market conditions change. Remember the guys with the warrants are happy with a profit, if they wanted to invest in the shares they would have bought more shares at the 2p or 3p, which the sp was when they got the warrants.
With the US sticking to their guns to control inflation, higher interest rates results in money flowing out of the market and into banks to get interest with little to no risk.
It is a cycle. The money will return to the market. In the meantime - JLP pays it costs in Rands and Zambian Kwacha and earns US Dollars which is helping margins and profitability.
Whilst upsetting to watch, I have been through the same cycle in 1997, 2008 and 2019. Fundamentals remain good, problems are there like most businesses, but so are the opportunities to a company making money.
Just my 2 cents worth.
GLA and DYOR
Disappointing that this information was held back until now.
Right on the money NtD
Edison's issued an updated research note on SLP valuing a share at 186,9P (current share price 103p). This, despite the envisaged lower basket price of PGM's for Q2 - 2023. They are also of the view that the PGM outlook is positive over the medium term.
If Edison's are correct and with growing copper and cobalt in the mix too, the outlook over the medium term looks very bright for JLP. (which most of us know in any event)
GLA and DYOR
I really wonder what makes Bushytailed and Shorteverything monitor the JLP BB.
If I felt so strongly the way they appear to be about JLP, I would waste my time and energy on other shares I believe can make me money.
Anyway - maybe I am the strange one.
GLA and DYOR
For all, news can either be good or bad, depending on one's outlook.
The Kariba Dam is now over 8% full and rising due to rains having been as low as 1%.
https://t.co/fne4DAkO2f
Does that mean that production days have been lost due to good rains falling ? Good news or bad.
It depends on whether you take a short term or long term view. Some production days may have been lost due to the rain but over the longer term it means many more uninterrupted days of production for JLP.
Bottom line is we don't know until LC tells us.
GLA & DYOR
Grow the Company and the price will follow. The Company is investing and using its cashflow to increase its asset base and make more profit. The assets therefore have a short pay back time. For as long as they can keep doing that, there is no reason to pay a dividend in my opinion. Capital growth and increased profitability will be sufficient to lift the share price substantially.
Plenty of other shares out there to get dividends from if that is your main reason for investing. Not my reason.
I am happy to now accumulate at these levels, because the 6 months to December 2022 will be substantially better than the 6 months to December 2021 which, imo, will cause the SP to move up more than it already has even if it is only for a short period of time (MM).
GLA
Nothing wrong in getting good publicity.
Also the info was factual and based on other research. The 50p and 80p timelines are very unlikely given that many institutions and private investors will be selling to cash in on profits, even if the earnings calculations are exceeded. It will be a good problem to have indeed.
I agree with Ntd and Seisnav. I am here for the long term, the Jubilee way and story is only in the first chapter.
DYOR
Based on the share price movement yesterday and today I have no doubt that the market will be informed of the extent that load shedding has on the Zambian operations either Monday or Tuesday next week.
Today is a GREAT day to be a LTH of Jubilee shares. Waiting for the SP to really pop.
GLA and DYOR
@ Dorfan / HTC
Homey's point about it not being the highest price is correct if his figures are correct.
According to Homey the basket price for the quarter ended June was USD 3,614 equivalent to ZAR 47,483.
The basket price for the quarter ending December 2022 is approximately R40 942 (your calculation), which is approximately R6 500 less than the June 2021 quarter. Given we were producing less PGM's in that quarter you are both technically right. Dorfan stating that the Revenue and Earnings from PGM in this quarter should be the highest ever and HTC saying June 2021 has the highest basket price, not necessarily the highest earnings in that quarter.
No point in arguing over personal differences (it is all educated guesses at this stage given the limited info we get) - We are all here to make money from our investment in JLP (other than Bushy Tailed possibly).
The bottom line is that that at these elevated levels JLP must be making significant money based on the increased tonnage of PGM's, Chrome, Cobalt and Copper.
GLA & DYOR
https://www.moneyweb.co.za/news/africa/worlds-largest-manmade-dam-has-less-than-1-of-usable-water/
This is why the water treatment plant is so important.
GLA