Member Info for marineclark

A months volume in day haha. Price is still dirt cheap, so still a chance to hop on the train as it leaves the station... last chance though to get in I reckon before we head towards current fair value of 11p, and then 40p longer term.

The dam has broken.... good luck folks...

Wow... 22 million shares traded already... at this rate, sellers will be gone in a week.

https://www.investorschronicle.co.uk/content/ab996c06-9229-5e2a-8f38-f158272e6014

the mining disruptors that could rock the industry...

jubilee’s approach is similar, although it also gets copper from tailings and mining operations in its new zambia network. chief executive leon coetzer says there is a vast amount of opportunity just in his neck of the woods in southern africa.

coetzer says zambia is a perfect place to get this second-hand copper because of the number of old mines. “you can build a 100,000 tonne-per-annum copper company off the alternative copper sources, just in zambia,” he said.

major investors are backing this approach. emirati investment vehicle irh has signed a joint venture agreement with jubilee to design a project to extract around 90,000 tonnes of copper from a 13mn-tonne **** heap at zambia's mopani mine. irh has a 51 per cent stake in mopani, the former glencore (glen) mine and copper treatment operation, which it bought for $1.1bn (£830mn) earlier this year.

asked about interest from the majors in the retreatment technology in which he specialises, coetzer is bullish. “i personally think that there is maybe a year or two [until the major miners] realise, because the one thing that has not been demonstrated yet is the scale at which this can be executed, which actually is to our advantage,” he says.

the barrier to entry is getting processing exactly right, given the material grades are lower because it has already been processed or removed as overburden at a previous mine. jubilee reported 1,000 tonnes of copper production in the june quarter, while a new concentrator unit that came online this month will increase capacity further. guidance for the 2025 financial year, ending 30 june, is for 5,750-7,500 tonnes.

It certainly looks like it Couerdelion. Early days yet, but first signs of spring today. We could well be in a heatwave in the next few months.

As already mentioned, there are many reasons why a fund may close. Fil have already closed a fund with a net asset value of around £10 million because it was too small to be cost effective to manage. 220 milliion shares is worth £10million at current price. Also, Siesnav has mentioned also that a fund can close for the simple reason that the Star fund manager has left the company.

Https://jubileemetalsgroup.com/wh-ireland-research-note/

In case you missed it.

"Why would you have a company share option scheme?

Share options schemes are used by bigger companies (or companies which are planning to get bigger because they’ve got some investment or are growing fast) as a way of incentivising staff. You offer someone the option to buy the shares later at a discount because you want them to stick around. If you just gave them the straightforward choice of buying some shares in the company now, they might buy the shares and then leave. Which you probably don’t want your staff to do.

Not only do you want them to stay with the company, but you also want them to work hard and make a big contribution. Giving someone shares in the company, or the chance of buying shares at a discounted price later makes them feel like they’re part of the family, that if they work hard, they’ll benefit as the company grows."

https://www.thejoyofbusiness.co.uk/how/the-difference-between-share-options-and-shares-for-small-businesses/

Volume this month already at 120 million. Could end this month double the average.

Assuming a maximum capacity mining truck of 500 tonnes, that would be 30 trips. But given a more reasonable 300 tonne truck and we're talking 50.

Once the due diligience is done for the rock project, we could see big moves in the share price.

Last week may have been the bottom. i did say a few weeks ago it would take a month or two at least to clear the seller overhang based on average monthly volumes of around 80 million. A doji, the 3rd in 5 months, massive volume last week and occuring close to support, signals potential reversal.

Can't be long now.

While is it true that no knows who the seller is unless there is a TR1, I think any discussion relevant to the behaviour of the share price is valid. Sometimes a lead may lead to a dead end, but that doesnt mean we should igore the lead altogether. It was Leon after all who mentioned that a fund was selling. So assuming it is a fund(s) selling it is logical that when the selling has ended the share price will no longer be held back. However, as noted nothing is certain who is doing the selling, just the fact that there is a lot of selling going on.

Now why would their be selling considering the copper outlook of the company. Given my research, it cant be a fundamental reason for the selling, and so whoever is selling for another reason wholly unrelated to the performance of the company. I certainly dont know all the reason for why a fund woud be selling, but at I have learnt of several recently after reading and looking into some of the posts here.

I recall just the other week his was going selling?

Don't forget that Fidelity can close close a fund just because its asset value is considered no longer cost effective to manage and this is for funds even valued at tens of £millions. Funds make money from commissions, not share price appreciation, though share price appreciation will increase their customer base in the long run.

8 million shares already traded in the first 2.5 hours since open. Going to be another big volume day today.

Seller appears to be still around. Fantastic opportunity to load up big while the seller offsets any would be price rise due to the buying. Once the seller is gone, the shackles will be removed and we should be blasting off. Any day(week) now.

Massive volume today. It could well be the end. Turns often occur on days with exceptionally high volume, such as on 20/5 when the price topped at 8.9p. Todays volume is pretty close to that day's volume. Volume the previous two days also very high. 53 million shares traded this week vs an average of 80 million a month.

Simon T's IC article certainly helped, as volume has been distinctly higher since his article came out. This week's magazine has yet to be posted through the postbox -not got mine yet, should get it any day now, and though the volumes suggest buys from online readers, the paper magazine should ensure full circulation of ST article to the population.

However, price has closed at the low of todays price range, which is hints that the seller could still be around next week. Rest assured, its only a matter of time, before the overhang clears and when that happens the price should double in no time.

I would't wait too long 28jac, you can always buy in tranches while you do your "due dillgence".

You can't always assume that the BOD are rolling around in cash. Most have mortgages and debts like everyone else.

Https://www.youtube.com/watch?v=mOwNvFRkaFQ

Finally, my good friend ST from IC to the rescue.

Knew it was coming, just a question of when. Should finally see a surge of buyers to soak up all the funds selling Expecting big volumes tommorow and next week when the magazine hits the shelf.

Wasnt sure the copper production per module. On the website is says 2k production per module, but on that podcast, it says 4 modules can produce 25k, or 6k per module.

Which podcast are you referring to Northenshark.

The one i linked to, although a year old, discussed copper waster from IRH deal:

"To put that transaction in perspective, we have announced that we’ve acquired the biggest waste rock surface copper resource that exists in Zambia and in southern Africa. We’ve acquired that resource and that resource, which stretches nearly 8 square kilometers, contains more than 350 million tons at 1% copper. That means it’s three and a half million tons of copper in that resource. You can therefore imagine the magnitude of an operation that can be sustained by that resource. We can scale to 30, 40, 50, even 60,000 tons of copper per annum for many years into the future on that resource."

I think the 350 million tonnes went down to 220 million in the last update, but at 1 percent copper still 2.2 milllion copper in that resource. at 60,000 tonnes of copper per annum, that resource would last 36 years!

Also, Leon mentions they can make a module in about 8 weeks, or 4 modules simultaneoulsy(cash allowing) in one go in 12 months, and that 4 modules is sufficient to produce 25k+ tonnes of copper annually. - we already have two copper modules running. I think they could easily scale much higher than 4 modules in one go, but would depend on amount of cash in the bank.

Copper shortage looming, see guardian article.

Power issues fixed, private supplier has hydyo and solar power.