Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
@BB2
Was it not only the fine chrome facility that was moved?
Failed to mention it is the signed Business Rescue plan document.
Sorry
I would suggest that shareholders read the following from the RNS of Chrometco released on JSE this morning.
https://www.sailchrome.com/SailMinerals
No need to read the first 28 pages. The interesting info starts on page 29, clause 18. Jubilee is a secured creditor together with ABSA bank in the amount of R518 million. For those long term shareholders and board posters you will know this was about the tailings that Jubilee acquired on the eastern limb. They were then forced to stop transporting the ROM off the premises.
Definitely good news, imo, for Jubilee as they need Jubilee to produce income for them from the tailings. Should recover 100% of the money.
DYOR - GLA
Could there ever be a better time :)
www.businesslive.co.za/amp/fm/features/africa/2022-02-10-copper-gets-a-zambian-tax-boost/
@Mikie
If you have a subscription to Research tree, it is there. I don't so am hoping someone else posts it.
Caerus minerals is up 10% today. They are waiting on the assays results for the Cyprus JV (with Bezant). But there may be a mention of Jubilee.
@gotreal
IMO, these will be the worst result going forward for a long time unless the bottom falls out of the commodity cycle (highly unlikely imo).
I think what Homey, Bushytailed and TG5 are overlooking is the fact that Jlp have now proved that their earnings are sustainable.
Sustainable earnings is what drives the SP's of Companies and JLP's future has never looked brighter (ignoring Cyprus, Eastern Limb, Tjarte etc for the moment).
I am on the side of LJS, Shorn, Mikie and Dorf, except I am the poor stepsister with only 1m shares.
Patience patience patience.
Mikie - On point as always
As we all know and the market is yet to work out, the detail is in Leon's words (reading between the lines) not the numbers.
And the words in this update are absolute music to my ears. We have indeed arrived, the numbers will make the sweetest reading ever within the next 12 months.
We doubt, we blame, we wonder, all being full of bias for the share.
Copper, PGM's, Chrome all now ready to rumble. Let the cash cow lead in the elephant.
GLA - Happy Tuesday
https://www.youtube.com/watch?v=kVe0ImZjW2Q
Worth watching
Quiet ahead of the news storm Tobin.
All waiting to hear what the next 12-24 months will bring ...
https://www.miningweekly.com/article/cobalt-price-surge-to-continue-this-year-amid-rising-demand-2022-01-28/rep_id:3650
Just need the Jubilee metals (pun intended) to start falling into place now.
Have a good week all.
DYOR
Base metals performed strongly in 2021 with copper ending the year 25.7% higher and zinc gaining 31.5% during the year. Demand for base and battery metals continues to be driven by the global transition towards greener and cleaner technologies, while ongoing supply-side constraints helped support significant price increases.
Copper and zinc prices jumped sharply by mid-October 2021, with the copper price breaching its previous record in May 2021 and surging to a new high of US$10,572 per tonne as stockpiles hit a 47-year low. The metal last set a record in 2011 around the peak of the commodities super cycle, sparked by China’s economic growth and internal infrastructure investment.
The renewed interest in copper has been fueled by global efforts to cut carbon emissions. This surging demand for green metals has put a strain on supply while new mine production has been slow to arrive.
Source: London Metals Exchange
Goldman Sachs has described copper as ‘the new oil’ because electric cars need several times more copper than their internal combustion engine-powered counterparts. CRU has noted that demand from green energy applications is expected to account for 40% of the growth in refined copper demand in 2022, and that this will remain the key demand driver in the coming years.
Copper prices are forecast to moderate slightly in 2022, yet remain supported over the long-term, as demand outpaces supply.
Source: capital.com
Extract from Big Tree Copper article:
“Whether used to transmit energy from solar- or wind-powered electricity generating sources or as a component in energy storage systems such as batteries, there is no doubt that copper is one of the most critical elements in the development and use of renewable energies,” he said, noting that electric vehicles contain about 85 kg of copper in each unit, on average.
A 2021 Goldman Sachs report indicated that copper demand was expected to grow by 600% by 2030, with production expected to drop from about 20-million tons to 12-million tons as resources are exhausted.
“We expect prices to continue rising concomitant to growing scarcity, while demand growth will sustain its upward trajectory,” Nelson concluded.
Full article can be found here :
https://www.miningweekly.com/article/south-african-pure-copper-play-to-list-in-the-first-half-of-2022-2022-01-25/rep_id:3650
I find it somewhat amusing that there is a discussion regarding the 6 months results to end of December and whether JLP has done better or worse than the previous 6 months. I still believe it will be slightly better. Not shoot the lights out better, but better. The results, when published, have not disappointed for the last few years at least, quite the opposite in fact.
Only one dissenting voice who believes the share is substantially overvalued.
Bushy Tailed is clearly not an accountant otherwise he would understand that by issuing new shares (share dilution) is not necessarily a negative thing. It depends on what the proceeds are used for. Unless you are the Federal Reserve, issuing of shares will always be the cheapest cost of capital.
Quite frankly, Bushy appears to be your typical mom and pop investor, who sells his winners to make a profit and keeps his losers for fear of making a loss (or trying to prove to themselves that they were right to buy the shares they are losing money on).
JLP has proved itself to be a winner in more ways than one, those who have held on and continue to hold on, have and will undoubtedly reap the rewards as the Company continues to mature.
For those of us who want to stay for the Copper and Cobalt ride, the actual SP at the moment is completely irrelevant. Unless like me you are accumulating more shares of course. And yes, I am overweight in the share and have a strong bias, however with good reason.
As far as most of us here are concerned it is only a matter of time and patience ........
FROM BHP Operational review released today
Production guidance for the 2022 financial year remains unchanged for iron ore, energy coal and nickel.
Full year total copper production is trending towards the low end of the guidance range, reflecting lower production
guidance for Pampa Norte.
Metallurgical coal guidance has been reduced as a result of significant wet weather impacts and COVID-19 related labour constraints.
Less supply of copper bodes well for the Copper price. Cannot reiterate enough how Copper earnings is going to exceed the earnings of PGM's.
GLA and DYOR
Martyn Churchouse, Chief Executive Officer of Caerus said "The partners to the JV have set some ambitious targets for the year ahead with a focus on the rapid development of the Troulli Mine Project. In parallel, aggressive programmes have been approved by the JV Committee for the development of a maiden Mineral Resource at the Pano Lefkara Project together with the delineation of Mineral Resources at St. Nicholas and Anglisides, both of which have the potential to act as satellite operations providing high-grade feedstock to the Troulli mine and processing hub. Whilst the JV focus is clearly on the development of Troulli with a processing plant to be developed based on the metallurgical work being undertaken by Jubilee Metals Group ("Jubilee"), the Partners agree that the JV must ensure that sufficient exploration and Resource development work is done on other high priority projects to ensure the next in-line is ready for development. The JV plans to make use of in-house expertise available within Bezant as well as Caerus but will also look to import relevant skill sets, particularly in the field of mine development and construction. This will complement Caerus' already strong technical team based permanently in Cyprus. The JV has an opportunity to develop a new mining operation in Cyprus, underpinned by world-class expertise provided by Jubilee, and Caerus will make every effort to ensure the successful completion of the Project".
Interesting article. Worth reading imo
https://www.theage.com.au/business/companies/critical-shortage-miners-face-talent-crunch-as-metals-demand-fires-up-20220116-p59oj7.html
Thanks NS
Actually Dorfan01 mentioned it. So clearly he knew.
It is actually not so difficult Bushy, most commodities have been behind the curve. Now that tech stocks are plummeting in the US commodity shares will go up imo.
Jubilee will also move up.
A total of 187 149 096 new ordinary shares in the capital of the Company were placed by WH Ireland Limited at a price of 16.03 pence (ZAR 316.27 cents) per share. Slater Investments acquired 150 163 789 of these shares according to their TR-1.
Slater acquired 150 163 789 paid paid £24m and some change (150 163 789 @ 16.03p) to increase their holding. They paid around 12p for their original investment. You can do the math - they own 271,463,789 shares in total. That is the main reason it will not go sub 15p imo.
Do you not think they will try to keep the value of their investment as near to their cost at the very least? From my experience that is how fund managers work, they don't want to look like complete fools like me.
The only way it is going all the way back down to 8p is if the whole market crashes, then being in any share will be crushing. Just my penny worth.
DOYR & GLA
Ftr - I think SLP is still a decent buy. For me I prefer the long term potential in JLP.