Member Info for marineclark

If you going to spend 1.1 billion on a copper mine next door, I should certainly hope that there are as many hoops as possible to make sure your billion is going down the drain....

In 2 weeks Santa will deliver his late Christmas present.....

THe first threshold of 3 percent for TR 1 notifcation is 90 million shares(3 billion shares in issue). As there has been no TR1 for IRH, then their holdings are 0 to 89 miliion as it stands. More to the point, when the results of the final due diligence come out, we should see a surge in buying from IRH, once the ink dries. There's no way I'm not in the shares when that happens..

Gen3, could be a millionaire in the not too distant future:)

Once the waste rock project is proven technically and commercially feasible, that instantly unlocks 2 million tonnes of copper units. Currently those 2 million tonnes are valued at nil in the current price. What's great is that should it not be feasible, then we have the rest of the copper production to fall back on, in effect free risk upside. But if it is feasible, then why woudn't IRH be buying a crap load of shares to build a massive stake in JLP, after all they had no problem spending 1.1 billion on a nearby copper mine - thanks to Oak bloke for that info.

Seems to be a problem with the website, not seeing any new messages since 10.30AM.

Strong daily moves over the last 3 days. If timed perfectly, the size of the move was 40 percent, which as I've have kept saying, this share frequently has moves upwards of about 30 percent on the weekly. and why if your position is down a bit there's no point selling as you should get it back soon enough.

What is noticeable is that the daily volumes are strong, but nothing compared to the volumes on the last rally in Nov. That is a good thing, because that does indicate the strong selling is gone, and the share no longer needs massive volume to rise.

Even though, the price has gone up 40 percent, some may be tempted to take the early profit, but this time, with the funds gone, I think that would be a big mistake as we could see this hit double figures in the next few months or so, or even by the end of this month on the IRH news.

Some resistance as expected around 4.5p, very obvious because there would have been a lot of buys at the level, and some would have sold to "break even". However, this time, expecting that resistance to break easily, and we should see a small pullback this time, instead of the full retracement and then a support break as occured since Nov.

A break above 4.5p would give us an immediate target of 6p which may take several weeks.

Good fins LEW,

https://theoakbloke.substack.com/p/1h25-jlp-and-its-large-waste-project?utm_campaign=post&utm_medium=web

"Large Waste

Amidst the harrumphing of power concerns in December 40% off the cost to buy the Large Waste Project is not to be sniffed at. Assuming this to be because the (as yet unreleased) test results show 0.8% grades that equates to over 2 million tonnes of copper units.

Paying just $9 per tonne of copper (plus processing costs) seems a bargain to me.

To illustrate that consider that its partner in the Large Waste Project IRH recently paid $700m+$400m loan to acquire 51% of nearby Mopani Copper Mines with its 170MT measured resource which is $8.07 per tonne…. for copper which needs to be mined underground. That isn’t at surface. I know which I’d pick as the better deal. Of course if the grade is higher than 0.8% then JLP have struck a better deal than a vastly larger business with $billions to spend could obtain. Again credit where credit’s due.

There is near term newsflow to look forward to on the trial and a go-no go by end of this month."

I wouldnt want to be out of this when the news come out..market cap currently £130 million at 4.6p, a joke.

Well done Gen3, I hope it goes double digits for you and for the rest of us. I'm fully loaded too, but my timing was a bit off, and my average is a bit higher up.

What I meant to have said was that you would have to be a madman NOT to by buying in at these prices. It was tricky timing the bottom, and buying in tranches over a short period of extremely low prices was the best solution.

From co-pilot AI:

The "Large Scale Waste Rock Project" is a joint venture between Jubilee Metals Group plc (JLP) and International Resources Holding RSC Limited (IRH). Here are some key terms of the project:

Joint Venture Formation: IRH has exercised its right to proceed with the formation of a Joint Venture (JV) vehicle for the implementation of the Waste Rock Project.

Copper Processing Plants: The project aims to implement an initial four copper processing modular plants with a combined feed capacity of more than 2.4 million tonnes per annum.

Copper Recovery: The project targets the recovery of more than 20,000 tonnes per annum of copper in concentrates, of which 30% will be attributable to Jubilee.

Project Scope: The project focuses on processing waste rock and tailings from historical mining operations, targeting grades in excess of 0.3% copper.

Strategic Relationship: Jubilee Metals and IRH are working together to develop the Waste Rock Project, leveraging Jubilee's processing capabilities to turn waste into value.

"Large Scale Waste Rock Project

The project targets the processing of the approximate 260 million tonnes of previously mined material through a dedicated processing footprint resembling the new Roan facility. The Company is currently focussed on the completion of the extended industrial trial of approximately 15 000 tonnes of material to confirm the project engineering and commercial assumptions. The results from this extended trial are seen as the final due diligence requirements for the project to confirm the participation of it partners Industrial Resources Holdings. A due diligence extension to end January 2025 has been requested to allow sufficient time to compile the results from the trial."

This will be big, very big. I have a feeling the price gap up into double digits when news comes out, assuming its good of course. Not long to wait now. Exciting times indeed.

You'll have better chance of buying used panties than getting any cheap shares from holders here.

It it wasnt for the funds selling after the last rally(tocuhed 6p) in early Nov, I reckon we would be at 8p+ by now. Without the headwinds of the funds, I don't see anything holding us back to fair value of 11p(fair value will be higher next year).

Now that FIl has gone, and canaccord wealth appear to be PI's who shat themselves on the last RNS and sold, the road ahead is looking like a potential multibagger at current prices , and maybe even a ten bagger in a few years.. It has taken a good and painful few months to remove the said sellers from the scene, but that time has come.

We had a strong finish on the daily charts today. It wasnt at the highs but not far from it, indicating a few sellers around but mostly buyers. On the weekly, this is the first strong weekly upward move in 8 weeks of non-stop red and falling price action except for one week of green.

With headwinds removed as the fund selling(FIL) is no more, the road ahead is looking smooth sailing indeed. Typically rallies on the weekly move 30 percent, but this time, we may finally see it hold for for the next 30 percent rally and so on. As the saying goes... no one has ever won the lottery without a ticket.

Analyst targets are usually for a time frame of one year. When there is a significant ramp up in copper production in the following year , fair price should update to reflect that increase, which could be a significant increase based on high and to be increasing copper prices projected.

"Based on recent trends and forecasts, copper prices have been rising at an average annual rate of around 3-6% over the past few years. However, with the expected surge in demand due to the green energy transition, some analysts predict that the average annual increase could be higher in the coming years."

The perfect time to buy is now I reckon:) DYOR. should be a a helluvude of ride going forward....

Zeus capital has fair price at 11p, an easy 3 bagger from here. GL.

Finally we have seen the back of FIL.

https://www.canaccordgenuity.com/

Looking at Canaccord, on JLP website its says Canaccord Genuity Wealth Mgt. This is not a fund account, because Canacccord have a specialist fund division called Canaccord asset management. The walth management division manages Private funds or allows PI's to trade themselves.

It looks like this could be it lads!.

Of course, the invasion is coming.... btw, the "drones" in New jersey, is an invasion. I wouldnt be suprised if I wake one morning and find myself looking in the mirror and seeing a "Grey".

Kindof of getting off topic here... Its been a good day today... could finally be bottom, or Not, which is why I suggested buying in tranches over this period of doom and gloom when the price is at its cheapest.

We all know who blew up the nordstream pipeline.. Biden even said it himself on camera...is a big clue....

The US has spent 8 trillion on wars in the middle east, and yet is struggling to put out small fires in own backyard. It's expanded NATO onto Russia doorstep, crossing Russia's red line, and which has brought us on the brink of a nuclear war. As well as making the rest of us, pay more for gas, energy, food cost etc... While China has spent 8 trillion building infrastructure, energy, power..... The US could have done this ages ago, but no they spent it all on bombs.