Member Info for Jonah58

Yes! I note Cecilia Lamaswala was also a director of Blue Square. She gave the same address as a vicar (presumably her husband) who was also a director, though they both subsequently resigned. (It's totally irrelevant, but my grandfather was vicar of Walthamstow.)
Blue Star Capital does not have a Lamaswala on their board, and seem to operate mainly in DRC. Where are they going to get $300M from? It's a minefield!

As far as I can tell, Blue Square has been dissolved and subsumed (as Blue Square (Angola) by DMG. The website is far from reassuring!

I share your suspicions, Seis. I do remember the time when BMR were paying significant fees to Blue Square to 'advance' its license application. At that time I smelled a rat, well no, a coypu actually. Lamaswala is the chairman of Blue Square, I think. Not sure where DMG fits in!

Another good find, Seis. Lumuswala goes out of his way to stress Jubilee's commitment to local emplyment and regeneration. He implies that Jubilee has a solution to the conundrum of extracting copper and cobalt from glass, but perhaps I am reading too much into this. He is talking about $200 M investment so I guess they have some idea how this can be recuperated!

Quite so. https://www.marketwatch.com/story/woodbois-shareholder-miles-pelham-sells-6-stake-in-company-3ea153c

shuv, the model is that we are essentially toll processors for 70% of our chrome production. Why? First it hedges us against fluctuations in chrome price, but, more importantly, it makes us a very attractive company to get to process your chrome ore, especially with our efficiencies. The punchline is that we keep the material after the chrome is extracted and that comes FREE. The model thus ensures longevity at the Inyoni plant - a veritable cash cow. For the remaining 30% we have a deal in which our return varies with the price of chrome. I would have to search out the initial RNS to do the calculations. My gut feeling is that Mickie may be being slightly optimistic, but our chrome revenue will certainly increase with the current hardening of chrome prices.

Actually, Bushy, much to my surprise there was a mention of the Dilakong material!

Back home. Thanks to all the posters after the presentation which I've just listened to. Much to mull over.
Perhaps the most striking thing was the tone LC adopted when talking about three monthly reporting, the death of the contractor and Ollie's contribution so far. I may be deceiving myself, but I wonder if this does reflect the influence of our new non exec chairman.

Good point, Basc. Though I suppose it also means we are not on the cusp of hearing some ground breaking news. Happy that Ollie has lobbed in £30,000.

Thanks BB2. I’ll do just that.

Unfortunately, and with huge reluctance, I've got to go skiing on the Marmolada glacier tomorrow We all have our crosses to bear. At least it's going to be sunny with perfect snow.
Would some kind benefactor please take a few unbiassed and informative notes on tomorrow's investor's call and post them here. I would be hugely grateful, no doubt along with others caught up in half-term activities.

WHI note. Adds nothing new at this stage.
https://*********************/companies/uk/jubilee-metals-group-plc/research/whireland/jubilee-metals-jlp-corporate-operational-update-and-modification-to-zambian-strategy/41_2023021502305279888

Obviously a disappointing update the negative aspects of which have been amply highlighted by posters so far today. For balance here are a few further observations on the RNS. (Disclaimer: I am not a one stock investor but will be adding a few more at this price.)
1. We still have one of the lowest unit production costs fot PGMs in the business.
2. The results predate the recent sharp increase in chrome prices.
3. Much (most) of the disappointment relates to headwinds outside our company's control. These have now been addresses (albeit at a cost).
4. The upgrading of water and power at Roan now menas we can move to double capacity there. I have been banging on about this for ages. Roan is in the north, so it makes perfect logistic sense.
5.We have a coherent plan to increase cobalt production at Sable.
6. There is a suggestion of progress on the eastern limb.

One thing I am looking forward to is the Chairman's comments in the March results!

Short, if you want to be taken seriously it’s important to be accurate. For instance ‘over a month ago’ could reasonably be taken to mean January 10th when the Sp was actually 10.5p, so we have had over a month of gains!

I never cease to be amazed by the ingenuity of posters here to ferret out useful information! The Chambishi article is an example. Here is a cut and paste from thr 'comments' section of it (thanks to HG)

"The question we first need to ask ourselves is: do we have cobalt concentrates in Zambia today? The answer is NO. That’s the reason Chambeshi Metals started importing concentrates from Congo. Now that DRC has banned export of raw ore, the company has no material to feed the plant. The government can grab the plant but it will not produce any cobalt."

Perhaps the 'NO' should read 'NOT YET'

The way I look at it Short is that the market makers do not usually speculate on Sp movement, they make their money on the spread. So 2.5 million shares sold = 2.5 million shares bought. The steady Sp over the last few weeks does not suggest a major loss of sentiment.
Of course warrant holders will want to consolidate a profit, but if all those warrants were being sold we would expect a significant drop in Sp unless there were plenty of buyers.
Seis has allowed 10% for load shedding. Judging from the reported effects of power cuts on other businesses, this is probably about right.
In summary, I don’t think the evidence supports your gloomy predictions.

Good point, Dactions,. It looks like Lombard Odier have disposed of appro 75 million shares.

Yes, a walk down memory lane indeed, MadDog, but his memory is a trifle selective. He is tight lipped on Braemore and Conroast, doesn't mention Smokey Hills and draws a convenient blank on recent events at ASA/DCM. The eastern limb gets scant coverage too. Nevertheless, it is great to see his boundless optimism and some of the investment points seem pretty valid to me.
I can't help thinking things are brewing in Zambia and we are going to get news soon which might contain a surprise or two.

As far as I am aware cobalt is virtually always mined as a by-product of copper mining, with the only exceptions being in Morocco and Canada. So, if Kabuswe, is talking of a cobalt only mine, this is something entirely new.

I presume you are referring to the KoBold development, Ella. This is predominantly a copper play, as far as I can see. It's obviously extremely interesting with very high grades of copper bandied about.Obviously, as it's at the exploratory drilling phase, nothing is going to be produced for a few years yet but it certainly speaks to HH's ambitions to increase Zambia's mining profile and the determination of the US to get involved and reduce its dependance on China.

https://www.lusakatimes.com/2022/12/17/bill-gates-jeff-bezos-backed-kobold-metals-to-build-copper-cobalt-mine-in-chililabombwe/