Member Info for Jonah58

Fully agree. Tonetti's credentials dovetail perfectly with the current state of our company. Much better, too, to split CEO and Chairman's roles. Very good news.

Whilst in general agreement, I am more sanguine about placements. Yes, we do have good cash flow but this is allocated to existing projects. Copper concentrating plants don’t come cheap. The last two placements here have been opportunistic, and they have certainly added value. Windsor (Platchro) is a good example. Interest rates are going to rise. The best way to raise cash is by issuing equity. That’s why AIM exists.
I make this point because I think some major deal making is going on during the current news blackout.

It does seem to me, looking at the general news flow, that hydrogen continues to gain traction. Not a very scientific observation, I accept, I am finding it quite striking.

More trades in the first hour than we usually have daily. Some folk are putting two and two together.

No

Dorf . Email info@lse.co.uk and ask them to delete the message (quote date and time)

Large companies are coming under increasing pressure to demonstrate exactly how they will become carbon neutral within specific time frameworks. Could not be a better time to be in the carbon credit market.

This looks a good appointment for our company. His Linked In profile is worth a read.

There's so much going on that it is difficult to believe there is not something JLP have to update the market with - but that mey actually be the case. We will get a regular update from Inyoni in November, so that can wait a bit. Roan will not yet be commissioned. It could be all quiet on the eastern front. Elephants trundling along. The BoD will want to update us on Cyprus when a decision can be taken on whether a JV is feasible or not. The trenching studies there are still on-going and the Cu grades are only (potentially inaccurate) estimates.
I'll go out on a limb and predict our next RNS will not be about any of this, but something unexpected!

Can anyone on the ground say at what time the weather will start to have an affect on transportation in Zambia. I know drilling in the copper belt tends to stop in December.
My reason for asking is that the 'Southern' operation actually involves trucking material for 180km (3 hrs) from Ndola to Sable. In fact the 'Northern' refinery at Kitwe is only 65 km (1 hour) from Ndola. So, from the transportaion point of view, it would make more sense expanding the northern rather than the southern facilities, leaving Sable to clean up Kabwe and other legacy material closer to hand. I make this point out of interest and remain most excited about the imminent comissioning of project Roan.

I agree with Mickie and Northern (and I’m a pessimist!) My average was 3.8p before I invested more on the recent dip. I confidently expect that to double in the next 36 months. The sp has consolidated recently so it seems very unlikely that we will lose money. In other words, I challenge anyone to find another share with a better profit/risk ratio.

I really hope not, CAWB! To me, Cyprus is a diversion - at best a showcase of what sort of things we can do. Maybe it will work out to our advantage, but we need to keep our eye on the ball which, right now, is Mopani and the Elephants and the Eastern limb.

Quite right, Raj. The ask is artificailly elevated - look at the spread. Dummy sell 16.88, dummy buy 17.15. Anything above 17 is a buy so there is quite an appetitite for this share today.

Great to hear your news Mickie, but surprised about the trucking of stuff from Dilokong. I thought that was verbotten, and if we did it the Chinese would organise an assault party on Inyoni to grab it back!

I agree with the general sentiment here that something is brewing.

Nice post JLPos, but you left out ruthenium - that's in good hands too! This share is still being very actively traded. Fluctuations during periods of little news are inevitable.

Cherio and good luck Heroric. I (genuinely) hope you find a better home for your money elsewhere. I still think Jlp is a good bet and I am staying put, but have you looked at WBI? Anyway, we all have to ride the ups and downs - especially on AIM. atb.

Interesting RNS. We have not had much of a profile in Europe up till now. Woodbois clearly sees itself as a leading voice in the global forest industry (in its broadest sense). Of course, joining the Institute is a small step, but it is further evidence that our company is thinking big. The message is clear.

Scott, I believe our preferred method of accessing tailings is hydro excavation rather than digging. I know little about the process, but from what I can see this method would minimise dust production.

I thought I detected a slight nod to the concerns about the raise in Leon's interview. More specifically, he referred to the raise as opportunistic and implied that our original funding strategy for the copper beneficiation projects (from cash flow/debt) was intact. Of course, we are free not to believe him but that scenario is, in fact, believable. These negotiations would have been going on before the Zambian election. After HH was elected the goalposts could have changed with a sudden unforseen opportunity hugely to increase our stake. In which case, a cash call would certainly have been the quickest and best option.
I do, however, sympathise with Homey's point. All they really have to say is that, because of a significant change in circumstance, they changed their mind. That's allowed.

Quite right Tobin. It would be nice to get a handle on the cost of extracting the cobalt over and above the $4500 per tonne for the copper. I have been digging around in the processes and it does seem that once you've got the copper you are well on the way to sorting the cobalt so my guess (and that's all it is) would be that the additional cost is not huge. Of course, if the TD 52 grades are as stated, we will have to spend $4500 * 8 plus whatever it costs to further extract the cobalt to get 8 tonnes of copper and 1 tonne of cobalt. Split that 80/20 with the JV partner. It still comes out as an impressive number.

Jolly, I guess it all comes out in the wash. We always had the capex of the concentrator to provide. We, as major partners in the joint venture, were essentially buying the concentrate off ourselves, with a 20% cut to the partner. Now we get the lot.