Member Info for Jonah58

No mention of Grovener on any posts or podcast. I suspect Leon would say ‘let’s sort out Molefe first and then think about project G’. But I would be surprised if he doesn’t have plans and I wonder what they are. More drilling?

They come through as unknown, Roby, because at the time the trade was reported the price paid was exactly half way between the bid and the offer. In truth the designation sell or buy is imprecise and not terribly important. The main thing is the volume and the sort of money shares are being exchanged for.

I’m not aware of any factual information, NCT, to back up today’s welcome action. Rumours of a deal, perhaps, but when you have to resort to binoculars and cheques one wonders whether the happy brigade might have got a bit ahead of themselves. I hope not, but have top sliced at 10.4p just in case. If a deal is announced this week and the Sp flies I’ll be the first to congratulate today’s buyers.

Yes Gotreal. In the longer term we might find something there. I would be surprised if there isn’t some historical prospecting data given that a mine already exists, but fingers crossed. It was the “massive “ that I am not letting myself get too excited about!

I’m not expecting a ‘massive resource’ at Molefe, 4Ever. GLR are currently infill drilling to inform mine design. I think the best we can hope for in the near to midterm is confirmation of sufficient material to extend the life of the mine. Hopefully we might get some more information on the deeper sulphide deposit.

I have read the RNS (more than once). I am not an accountant, but my understanding is that the EBITDA loss last year was attributed to, mainly, to the loss in production whilst fixed costs remained unchanged. Since then we have been notified that production has increased. All this at a time why the price of copper was around $10,000 per tonne. This is why I’m not sure that you are right in claiming that our current operations are loss making.

Silver lining, Never. Water levels in lake Kariba are on a much better trajectory than in recent years. Should help to avoid power disruptions later on which have had such a serious impact on operations so far.

I take note of your words of caution which are quite reasonable, but can you share your calculation that shows we are currently producing copper at a loss. I don’t know the current parameters.

I can answer your question. If staff demand more pay and we give it, then we will make less profit on our operations. If we don’t give it there may or may not be an industrial dispute which will need to be resolved by the usual mechanisms.

What surprises me is that you could not work that out for yourself and needed to ask the question here.

Sorry. I give up trying to use this app. My point is that we will receive payment at current rates for the final couple of months production.

But you are right BB. I have stopped watching PGM prices which will only be relevant if the hydrogen economy takes off and a neighbour starts sniffing around Tjate.

Basket price of

Actually BB there is a substantial lag between producing PGMs and being paid for them. This is the reason Leon gave for not publishing quarterly production figures when we were producing (profitably) PGMs with a basket price of

I know that small share transactions occur with automatic dealing bots, but can anyone explain why there have been 28 transactions of a single share (@ 4.75 p), and quite a few 2 share deals. It’s not a common pattern.

Very sorry not to make it yesterday, so enormous thanks to you Mickie for attending and keeping this board informed.

I appreciate you ran out of time when it came to Grovenor and the other potential acquisitions.

One final question? How would you describe the mood of the BoD? I know this is very vague, but last year you picked up on it. Anything changed?

For what it’s worth,K, I don’t think this was a P & D. It lacked the coordination of inane posts and any attempt at mass hysteria. More likely a response to being tipped by reasonably respected people.

In any event, good luck with your trading.

I second that Dru. I’ve had to cancel my attendance. Family issues take priority.

Is anyone planning on going to the AGM? I’m thinking of going but travel is going to be tricky.

Thanks forever. I feared as much.

Many apologies for asking a question that has been previously answered (I just can’t find or remember what the answer was). As we are receiving payment for the chrome/PGM business over a number of years, do we retain a financial interest in the business until full payment has been received? Or, now that the sale is confirmed and second payment received, is that it? No more exposure to chrome/PGM (excluding Tjate)?

There should be quite a steady news flow from Molefe, 4ever. GLR are on a pretty tight schedule if they are to earn their 25% share. They will have to complete the current assessment by the end of financial year 2026.

Just a bit more historical information. In 2011 Jubilee received a formal offer of about $6M for the Quartzhill farm (a small part of Tjate). The buyer was undisclosed but, as Northern says, we assumed it was a neighbour. The price of platinum at the time was around $1700 per oz.