Member Info for Jonah58

In fairness, KB is right that Kookfontein is nowhere near the eastern limb so if anything is going on with JLP there it is something completely new.
I was referring to Bauba's operation at Moeijelijk, however, which is very near to Dilokong on the eastern limb and did preface my comment with the caveat that it was idle speculation. No harm in thinking out loud when the news flow has, temporarily, dried up.
On another topic, good to see the Cyprus forest fires coming under control.

Very positive RNS. The company is well funded and entering a period of orgaqnic growth. The anticipation of improvement in world transport headwinds will provide another stepwise improvement in profitability. Increased production, better margins, new forest concessions, carbon credit business, and two new veneer lines shortly to cut in.
This share will soon prove very attractive to both growth and value investors. The company is also wisely promoting its impeccable ESG credentials. Many thanks to the BoD.

I’m with you on this one Dactions. The volume is most unusual for this share. I’ve added too.

Hi Destitute. I think we all agreed there would be a raise, but maybe in the Autumn rather than now. I also recall you suggested the raise would be at 5p.

Ah yes, Shiner. That's where I read it!
The crucial point is whether the amount of material is sufficient for us to recover out costs and leave enough for both companies to make a decent return. My point is that this is exactly the same question we faced over Hernic, so we have experience on our side when it comes to providing an answer.

Nelson - I am sure that any JV with Caerus would stipulate that we recover all up-front and capex costs before splitting up the income. In fact I think I have read as much somewhere.

I think that's the whole point of the current exclusivity assessment operation., Seis. They are investigating a whole cohort of dumps for volume and grade. I think we must be quite good at doing these sort of calculations by now. The unknown factor is whether Caerus will discover an economic body of ore which could, theoretically, greatly extend the life of any processing facility. Chesterfield, incidentally, is starting a diamond drilling programme this month having identified a promising target by geophysical surveys.

I thought the presentation was good. His points were clear and backed up by factual evidence. I cannot see the carbon credit project as being a huge money earner, but being paid to plant trees which we can eventually harvest is money for old rope.

I reckon they did as best they could with the questions. Happy to be invested here.

I noticed that too, Shiner. It appears they have a delay accumulating all the information for the audit. They do mention that their drilling programme and aerial surveys will be starting very shortly, so presumably the current COVID surge is not impacting those operations too badly. Hopefully Sable will continue to tick over happily, but could there be delays to Roan phase 2 and Eleohant 1. I guess any serious time slippage will be reported to the market.

It depends what your take on hydrogen fuel cell vehicles is, Oracle. I can only see growth there, and they need a lot of PGMs.

I'm not sure what to make of this RNS. Can't say it's got me bubbling over with excitement, but the wording does seem to suggest that there will be a trial. I would therefore be grateful if someone here could inform the executors of my will of the outcome.

Yes, thanks GK. The article mentions that the industry is going to need to find at least another 500,000 tonnes Cu per year over and above the average annual increase of 500,000. 25,000 tonnes per annum from Jubilee by 2024 represents about 5% of this additional need. Not small fry by any means.

Scott, I agree that the Sp action here has been disappointing over the last three weeks, but this is not specific to JLP. It has been happening everywhere, particularly with the juniors as evidenced by the comparative performance of small cap funds versus ftse trackers. We can look at a pull back in commodity prices (temporary according to most pundits), concerns re inflation and interest hikes, traders taking profits from a perceived overheating etc. So prices as a whole have been a tad doldrummy, I agree.

But (!) I can see nothing specific to Jubilee to suggest everything is not going to plan, not even in the rumour market. Even at today's commodity prices we are hugely profitable and there is a sackful of news to look forward to. These transient fluctuations are inevitable. At the risk of sounding like a much appreciated poster here, I would say that the 'Jubes Yacht', far from being in the Doldrums, is on the plane, zooming on a broad reach with a fair wind and heading rapidly for a win in the America's Cup.

RNS looks positive to me. The list of businesses that have ligned up is impressive, including GALP. The important question is whethere the newly formed group will have any political clout.

I think your post is simultaneously right and wrong, Barnet. True in that sentiment has turned against commodities in the last month, but this is not specific to WBI. Has WBI announced (or are there any rumours) that anything specific to our company is responsible for the retrace? Of course, there was the raise, but Rhino was happy to lob in another £1.4 million at 6p. And, as another poster has pointed out, the raise was not for general running purposes but for specific equipment and projects which add value. The fluctuations in Sp have occurred on minimal volume and are hardly indicative of the progress (or lake of it) of the business.
Nothing has happened to change the reasons I am invested here. Le'ts see what story the financial reports tell. Maybe even a dividend!

Theoretically, Throne, the EA could be extended yet again, but the general opinion, from people who know a lot more than I do on this board, is that it won't do this unless we are very close to an agreement. If it expires with no imminent agreement nogotiations could continue, but we are also open to negotiate with any other interested parties.

Good post Tricky. I am old enough to remember his early contribution and his legacy continues. He somehow matched rebellion with moderation. Perhaps he fell short in economic matters - his nationalisation of the copper industry proved hopelessly expensive. It is exciting that we are now part of the effort that can help to rectify that. RIP Kenneth Kaunda.

I don’t think we can take this article as being 100% strictly accurate Scott though Leon certainly seemed keen on the idea.

Nice article, Mikie. I particularly like the bit about Jubilee producing 70,000 tonnes of PGM per month. This would equate to an approximate monthly income exceeding £4 trillion (excluding tax and subject to exchange rate fluctuations, of course). Maybe we should christen the new Eastern limb unit "Ibhubesi", in honour of our CEO.

Not only a very exciting RNS, but I very much appreciate its style: informative, enthusiastic and investor-friendly. There should be reasonable news flow in the next few months. I am very happy to be invested here as things are going.