Member Info for Jonah58

HappyDays indeed (I assume you have invested in Copper 360, as your posts would suggest). Well done. Wish I had!

I was going to ask that very question Edzi (I'm with you all the way on the tinnitus front!) There have been some helpful speculations about what Leon means by all in costs, amortising the capex of the modules and purchase of mining license etc. Another possibility (not Munkoyo) is that we are setting up some joint ventures in which the mine owner is essentially a sleeping partner and is paid a royalty which must be added to the processing costs of ca $4000 to get the 'all-in' cost

In any event, I sincerely hope we have ordered a job lot of electrical control gear!

I note that the BHO takeover bid for Anglo is conditional on their divesting themselves of the SA platinum business. Who is going to buy that with PGM prices where they are?

Interesting article Seis. If IRH move in for KCM and elsewhere I can see them investing in transport infrastructure too, for the benefit of everyone operating in Zambia.

Yes. I’ll argue. The cat isn’t dead. The recovery isn’t temporary. The buying isn’t to cover positions.

Come on! By no stretch of the imagination could today's activity be described as a dead cat bounce. The feline is alive and purring.

Interesting that in The Roast Leon once again said we would be looking to increase refining capacity either by some partership or by a purchase. Something is being worked out as I type!

Thanks Mikie for keeping a smile on the board.

New WHI note out sees fair value at a conservative 11p.

I think some posters here underestimate the logistic challenges of operating in Zambia. I found this well written and illustrated article very interesting:

https://www.bloomberg.com/features/2022-africa-copper-supply-chain-snarls/

However, the module at Roan is based on our much vaunted chrome modules, so one hopes the lesson had been learned in SA. I assume the same control electronics will be needed for the Munkoyo module and the OB1 modules. I hope we have ordered them already!

The two new small mine projects are interesting. 250,000 mt at, say 1% Cu, will be a very short payback time. I am still wondering how it is all going to be refined and whether we will be involved in that process.

That sounds more like it!

From the information at company house and their linked in page it would be very surprising if this company had suddenly built a 3% stake in JLP! From their accounts they did have just enough cash in hand to buy these shares, but significant shareholding in any other company does not appear in any of their assets. Perhaps there is another Peppermill!

Quite right Gotreal, and it was a small trade in the closing auction anyway. Don't get excited when we open up 2% tomorrow!

Quite so POORS and vice versa (this made me laugh)

https://news.sky.com/story/car-industry-insists-2-000-increase-in-sales-to-azerbaijan-has-nothing-to-with-russia-13097685

Nice rise. The most likely reason is some big hitter cashing out of Guinea gold and diving into Zambian copper.

Hi Ard. I reckon a seller has finished. Maybe the options shares have finally gone. I’ve noticed this few times with JLP. The Sp moves fast.

I noticed a single share deal too, if you believe in that sort of shenanigans!

Mickie Seis Northern, as you know I am upbeat about our company and confidently expect an uptick in our fortunes soon. If things progress to plan, though we will easily exceed our refining capacity. We will be producing a lot of oxide concentrate ( more the 7% Cu, slightly down from previous 8% perhaps due to variable grade of OB1 ore). I am not sure what price this material will fetch on the open market. We will get 30% of that.

Which is all another way of saying I am watching the Chambishi space with bated breath. Do you think the JV would be interested in this facility?

Edzi, Seis is right. The figure does not include the 9,000,000 million (approx) options exercised earlier this month si it cannot represent the current situation. Also there would have been a TR1. Nonetheless, Jupiters exit will have been a huge overhang and we have seen before that this is a share that can move extremely quickly when big sellers have finished.

Sorry Happydays. It was your link I referenced.

An extra $1 on the toll would pay Leon’s salary with a bit left over for Ollie! But as Seis says they would surely shout an improved deal from the rooftops.

Nice article Moneyman. Nothing new, of course, but a handy well written summary.

100% agree Seis. We now have a plan! And it is an exciting one.

Cobalt is the interesting one, and I'd value your take on it. There seem to be a lot of differing opinions on its future. On the one hand the Chinese, who are years ahead of the rest of the world in battery technology and manufacture, have moved substantially away from cobalt. On the other, some countries (the USA in particular) aare getting jumpy about this near monopoly and are promoting their own industries in which cobalt is predicted to have a rosy future. I suppose it all depends on the developments in technology and I don't have the background to assess the merits of the various arguments.

Yes, I agree with your sentiments, Mickie. I don't think K could have been referring to the CFO as he has been with us for only 6 months whereas NT joined the team in 2020. I like's K's historical perspective though (he missed out Smokey Hills, but sometime your brains censures out unhappy events). I agree with him that we have been something of an industrial chameleon, adapting to changing circumstances without any fixed long term strategic plan (it's easy to say you had one in retrospect). In fact, I suspect our entry into Zambia was initially for the lead, zinc and Vanadium. Then we found there was copper lying around and found we could process it using the skills we had developed from our Dilokong operation.

Some people have criticised the company for this lack of clear planning but I see it as a strength. Failure to adapt in the commodity business is a recipe for disaster, adn, as you point out, we have adapted big time.