The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Seis, you just made me chuckle!!
Kalan, there hasnt been one single transaction at 4.65 today! More lies inferred from you. I’m actually viewing Bushey as classy compared to you and he’s not very high up in the food chain!
Seis, i think you will be surprised about the 25k tonnes. Roan and Sable should be pretty much in full swing. Plus the IRH deal coming on line in the second half of next year. People are under estimating too much now on past issues, but we will see.
Nice to see the half year presentation. Next years target is 2M tonnes of chrome and 25k tonnes of copper. Thats us moving up into a different league. Possible earnings around $150M ( 70-80 M chrome and 70-80M copper)! The world will start to open with the current quarters figures. Just dont understand why people cant see that!
@ HD, you are 100% correct. @ Esh, you are 100% correct, but Jubilee haven’t even scratched the surface yet. At present they are concentrating on waste rocks and understandably so, given the rich content of copper. Clearly they have to get the income streams flowing now, before they can further invest in leaching technologies etc, but the agreements are now in place. Once finances allow, im sure we will see rapid expansion into leaching and tailings, but for now its all about the high copper content rocks! I believe strongly we will all struggle to keep up with the expansion now.
@Seis, i agree totally, every 3 months is now going to show progress. The share price has tumbled, simply because earnings have tumbled, mainly linked to PGM’s. Now earnings are increasing, the more the market believes this, the share price will rise. I believe the next quarter will start the upward momentum.
Dorf, the share price is now starting to puzzle, but i do feel the next quarterly figures will start to build momentum. Chrome earnings are starting to excel. Copper would have had the best quarter ever. I definitely dont think we have missed anything, small caps in general are 50% down off their highs and we have the added problems of PGM’s, but the next quarter will highlight the improved position in chrome and copper. Markets in general will improve soon hopefully when rates start coming down in the States. Metal prices will improve and commodities will come in vogue again. The smart money will be moving in anticipation of this. There are petty tricksters/ con men on here trying to convince you the company are fraudulent. But in fact the market is risk off and PGM’s have collapsed. When in fact the company have made great strides and the earnings are now starting to show, with plenty more to come. Earnings will drive this soon and we should hear about the current quarter very soon.
When earnings keep rising Scott, the share price will respond. We have seen we are now in an upward spiral for earnings and i am guessing the next set of quarterly’s will start to lift the share price. Chrome earnings are motoring. No one can deny that and only going to get better. I am guessing we are producing a wedge of the higher grade chrome. What are your thoughts @ Seis @ Gotreal @ Dorfan @ Jonah.
Work it out yourself! Its not difficult. The second quarter added a margin of £7 per ton to the first quarter averaging £17 margin for the 6 months. Chrome earnings are now substantial. Better than i expected! Without the ramp up of the first quarter and delayed sales, the second half year will be substantial. With copper growing too, the game is now afoot!
In my view Sumo, its very simple now. Every quarter is going to improve earnings. Clearly chrome is going through the roof. Copper production is about to go through the roof. The figures are already demonstrating this. The third quarter chrome is going to be beyond most peoples expectations whilst copper builds. Commodities are in the basement ATM, but that will change and probably soon, with interest rates set to fall around the world. The two bit traders could just be caught out!
Kalan, you are a poor mans Bushey! The performance here is no less than exceptional! They have turned a $10 chrome margin for the quarter into a $17 chrome margin for 6 months! The current quarter is going to look exceptional if they maintain the margin achieved in the second quarter! Add much increased copper production at their best production cost to date and were on our way. And i say we as a shareholder! You say we as an imposter! Every quarter gets bigger and bigger now!
So much info there! As solid an RNS as could have been produced. Needs several reads, but copper costs reducing nicely on minimal increase in production, bodes really well for upcoming big increases. Two new chrome modules is a pleasant surprise, chrome margins becoming very solid. Can only see earnings continuing to rise rapidly quarter on quarter! A very exciting time to be invested. RNS construction is looking much better too, think Neal Reynolds having a positive impact here. Certainly nice to see timely reporting. @ Seis, what a great find! Confirms our suspicions! Wonder if IRH will be involved here? Leon will need more processing capacity for sure.
Leon suggested there were around a dozen project M’s in the vicinity of project M! But what really caught my attention was, 4 project M’s was equivalent to a large mine! The ability to scale up here is going to be off the hook soon! Jubilee will be in great demand and not just in Zambia!
Seis, i am convinced there will be many and relatively quickly. Thats why we are all here for the long term, if the Arabs allow this.
That’s great news Seis. I believe that deal has to be signed before the Jubilee deal is signed. The waste rock project is very much dependant on the processing capacity at Mopani. I believe Leon intimated at potential for 8 modules for the IRH deal, with a possibility of even more! Sentiment is going to change rapidly here soon and Bushey will be forced to change monica’s again! But ultimately will only be left with the mess that is HUM!!
Morning Frogs, Dorf is 100% correct and i happen to believe in Leon & Co 100%. This time they have been extensively testing. They have managed to convince IRH, they have convinced ZCCM and the Zambian government. They have convinced Mark Slater and Co. They have confirmed they are now producing 600 tonnes of copper per month. When they can process the different waste types, they will be producing circa 1,000 tonnes per month. 600 tonnes per month is a success and the success story is only just starting. Now is time for a little patience. Leon’s biggest problems have been his time lines, but he is getting there rapidly now. The patient will be rewarded heavily in my opinion.
Edzi, i do love your posts, they are a combination of passion and disappointment! We have to give Leon a couple more months to deliver. If he does what he says he can do we have no worries. Just a waiting game now.
Just catching up here and haven't read the broker note yet! From what i am reading on here, it just seems to reflect the overall risk off nature of smaller cap stock at present. Broker notes have to be read in conjunction with the background mood music! The allure of copper will show through soon. @ Kalan…… true colours coming out?? The real Kalan is exposing themself!
The confusion with different characters probably depends on the level of alcohol intake!
Frog, i would be amazed if its not Platty!