GreenRoc Accelerates their World Class Project to Production as Early as 2028. Watch the full video here.
Brad, you seem to have swung from very optimistic to very gloomy on the carbon credit front. You don't need me to tell you that the market (especially AIM) always tries to be one step ahead. All that investors need is to see that there is a plan in place for the credits and that progress is being made within a defined time scale (even quite a long one) towards realising that plan. The Sp will start to reflect the perceived profit from these credits well before they acually start accumulating.
I have some sympathy with your PoV, Summit. Whilst accepting that Rome was not built in a day, it sometimes seems that not was not built in a century either. For me, the crucial difference between JLP today and the heady days of Smokey Hill and Power Alt lies in the longevity of our projects. When we bought into Hernic I thought 'this is going to be the same old story', a six year project which is just profitable enough to pay back the capex, keep the lights on and maintain the lifestyle of the BoD before the dump runs out and we look for the next project. This sort of 'hand to mouth' existance leaves precious little for the last people to visit the trough - that is, us retail shareholders.
The situation now is a whole world of difference. No more capex needed for Inyoni, just maintenance so it becomes a cash cow with a decent lifespan from now on, even if metal prices are depressed.
Our copper reserves should last longer than me if we get the northern strategy on track, though that will be a bit more sensitive to metal prices so we will have to wait and see.
Incidentally, we are more than half way through the year: time for a provisional look at our end of year SP competition. Bushy said 8p, I said 21p so I am marginally in the lead today. Hopefull WHI predictions are fulfilled and I eventually loose comprehensively.
It's dropping because there are more sellers than buyers, so the market makers drop the price to encourage buyers and discourage sellers. They make their money on the spread. No conspiracy theory needed.
Why are people selling? Lots of possible reasons, such as 1. They need the cash, 2. They bought in low and are consolidatinga profit, 3. They see a better buying opportunity elsewhere, 4. They are affected by the general bear market sentiment (Putin, inflation, China lockdown etc etc etc) and are putting their money into safer securities, 5. They want a dividend paying investment in times of rising prices. I could go on.
I am not selling just yet. This is a well run company (rare on AIM) with good prospects and communications. I also think it will be paying a dividend within two years.
Enjoy the sunshine and DYOR.
Very good news that Roan will reach capacity at the end of this month. This is a huge step forward. With regard to cobalt, like Mickie, I seem to recall reading somewhere that we plan to produce a concentrate, not metallic cobalt. I also note the caveat that the refinery will have the capacity to produce so much concentrate dependant on the amount of cobalt in the feed. I don't think the Roan tailings dump has a lot cobalt in it - certainly not as much as the northern strategy dumps so I am trying not to get carried away (not sure of the cobalt content of the Roan ROM). Very solid progress, though, and I am trying to free up funds to buy here whilst the price is at such a bargain.
Agreed. Steady ramp up of production and profits at a time when a lot of other companies are strugglimg. Some of this is yet to be reflected in H1 accounting period, so this carry over plus the new veneer line shuld make for a very profitable H2.
One thing I picked up from the RNS is this:
"The new international Phase 3 clinical trial protocol requires the presence of the biomarker before being allowed into the study. This protocol was accepted by the FDA at the previous Type C meeting in 2021."
It seems to imply that the protocol for the forthcoming phase 3 trial is already written. This will include all sorts of crucial information such as criteria for admitting patients and the end points which I am very keen to know. The trial does not appear in the list I usually turn to:
https://clinicaltrials.gov/ct2/results?cond=Lupus+Erythematosus&Search=Apply&recrs=b&age_v=&gndr=&type=&rslt=
Does anyone have any further information about the protocol? Nolupus?
Nice find Brad. It looks like Total Energies's model is similar to ours (though ten times bigger!). Having said that, our modus operandi fits in very nicely with what Lee White says about selective logging ultimately capturing more carbon. I am hopeful that we will continue to maintain excellent relations with the Gabonese government.
As a side note, I see that Gabon have started promoting themselves as an eco tourist destination. As a keen birdwatcher, I am tempted though the prices of the trips I have found so far are eye watering. Maybe one day I'll sell my holding and visit the place!
I tend to agree with you, NS. If the 4th concentrator is not mythical (and this is the first I've heard of it) I would speculate a deal involving the Black Mountain at Wusakile, Kitwe, but that's just a guess.
Thanks Seis and Gotreal. A very nice article. Two further points. Lechwe is on course for full operation in Q2 2023. Less than year. Also, there is reference to a fourth concentrator. Now I wonder where that is going to be!
The thing is, Happydays, these are not particularly happy days. We have not done so badly compared with a raft of other shares. You only have to fill your car with petrol to understand why people are being more cautious, looking for investments which are safe and pay a dividend. I am still optimistic. I think Olly will want to make a mark soon and that much is going on under the surface. Sentiment will swing our way in due course.
Whilst acknowledging Modeller's points (which are well made), I am sympathetic to Charles' view on Cyprus. I think it boils down to "the Jubilee Way" (JW)
The JW was initially shorthand for our bespoke approach to dumps, analysing their 'DNA' and coming up with individual solutions to manage them economically. But then came our promotion of small scale chrome mining outfits in Rustenberg resulting in long term feed for our PGM operations. This has, somehow, been transplanted to Zambia where we are making a big noise about local employment and artisan mining, though how this is going to play out in the copper/cobalt scenario is unclear to me. In any event 'local' involvement is now also very much a part of the JW.
Cyprus is different. The only existing processing facility is accounted for. This leaves our partner Caerus and Chesterfierld as the best of the rest (in fact, all of the rest). The dumps have tempting grades, but unless we are also getting ROM for at least a further 10 years, where is the payback on such a huge CAPEX going to come from? Where does the Jubilee Way fit into this jurisdiction?
Thanks everyone for filling us in on the AGM. Lots to be positive about.
Zero, I don't think you shuld be surprised about people selling shares (apparenty). That's what happens in markets. People buy and sell things. As Dactions points out, it is unreliable to trust the buy/sell algorithm. Contrary to popular opinion, the market makers are not prone to buy loads of shares, hoard them and sell them later at a profit. They make their money on the spread. So rather than concentrate on who is selling or buying, maybe it is more sensible just to note that a large volume of shares are changing hands and the opinion of the market as a whole is currently bouyant- hence the upward pressure on the SP.
TG5. I think you are referring to the Conroast process, for which Jubilee owned the patent until recently when it expired. At present we are not smelting any of our own material, though our fine chrome process means we are producing a feed with very low chromite concentration.
Thanks Dactions. More or less tallies with my perception. I got my fingers burned with a Moz share a few years ago when RENAMO reappeared, though they never really left. I have a friend who grew up there. He tells some hair raising stories! It does look as though we hope to get something going there eventually, rather than bailing out.