Member Info for Mikiesunday

Https://www.bnnbloomberg.ca/business/international/2024/08/01/workers-at-worlds-biggest-copper-mine-reject-bhp-wage-offer/

Could be interesting.

With so many trading on here, explains why the chat has descended into a personality disorder of bi polar extremes at times.

Edzi,

I dont believe Leon is going to communicate anything formally, until 1 month has elapsed from the director purchases. Insider trading is a very serious business and comes with harsh penalties. They are probably pushing it with photos, although i do hope we see a video soon.

Billy Boy, kindly posted this.

https://www.investopedia.com/terms/c/closeperiod.asp

This period is disappearing fast though.

That’s great Seis, i am adding small amounts regularly and plan to keep doing so, until about 10p. Then i will let it ride. The share is so unloved and undervalued at present. At some point this will leap frog and probably catch many out.

Seis, do you mind me asking your choice?

Shuvers,

Ricus looks like the cat who just got the cream!

Https://x.com/jubilee_metals/status/1818613464723489090?s=48&t=mVgZpn0KGRUg-RQaOGChhg

They look pretty satisfied!

Https://x.com/jubilee_metals/status/1818610048270012824?s=48&t=62F63rmk05T4Rvt2zR_FCQ

Agreed @ JLP & Frogkid. The question now is- when will the market start pricing in the growth from Roan, Sable and Thutse 2? Will it come early in the year? Will it come late in the year? Or gradual throughout the year? Maybe as each quarter records it’s story.

my belief is steady growth now, apart from the odd abnormality, quarter on quarter as production steadily rises.

Dorf, it must have been difficult for them to find a time to buy as they have been sitting on so much inside info over the last 6-12 months. With lots of news to come.

I agree it is a lovely message to send to shareholders. But they are business men and will know how undervalued the company is. They can see the future. Just like us, they will want to make money and probably see an easy opportunity here. I think the quarterly update is scheduled for sometime in August. I know the last couple have been super early, but they probably thought they can squeeze this buy in and benefit from their hard work, whilst sending us a great sign. I’m guessing we will get a video soon and an update in 3-4 weeks.

Absolutely Dorf, the voice of reason. There was no reason for both to buy and at reasonably large chunks, other than they see a big profit coming their way. If there was some sinister reason as alluded by some, i cant see them both buying and at such volume. This is a massive endorsement of their achievements. Who in their right minds would waste £65k of their own money to potentially buy a couple of weeks? They are hard working individuals, not on the worlds super rich list!

HD, However you look upon this. Its great news, both Leon and Neal have purchased. Whether an update comes now or in 4 weeks, only very confident individuals would invest that level of cash. 4 weeks is neither here nor there against circa £65k of investment. News may come sooner as Northern points out.

I am guessing we will get the quarterly/production update on the 22/23 August. I am further guessing this will give them a good period to assess Roan and give guidance for the year to come. There should also be positive news on Thutse 2.

Whilst the whole mining sector as near as, is down 10-15% over the last 2-4 weeks, is the macro about to change for us. Are we weathering the final stages of the economic storm that has besieged us for the last 2-3 years. With interest rates looking very likely to start their descent in the next 2-3 months in the US and UK. Will the macro improve for miners and small/ medium sized companies. Creating anticipation of increased demand and a weaker dollar.

Certainly looks like Neal Reynolds believes in this and the company. With an out sized investment for a relatively young, hard working man, certainly in SA terms. Who is better placed than Neal to make a judgement call? Are we finally seeing the company and the macro about to get their best game on?

Northern, just googled the average house price in South Africa. It suggested 1.5m rand in Jan. around £65k. This just puts into perspective the size of Neals investment.

They were originally talking about a 20kt processor at project M, but it would be good to see a 50kt module, especially with the expansion plans there.

There may be a little wait Seis, but i wouldnt expect any damaging news now. Bodes well for Roan.

Mr. Reynolds, obviously sees the future here.

Seis,

Yes it was projected to be ready for commissioning in August. It would be good to understand more about the non toll processed chrome, but i am hopeful they have purchase contracts in place for the longer term, giving immediate benefit on price rises. Not so good if prices are falling. The next update should tell us, in terms of the profit recorded.

Seis,

That is brilliant. A lot of data there. I am hopeful that chrome in Q3 & Q4 will be reasonably more given the increase in chrome prices, particularly quarter 4. I believe all increases in price obtained in respect of the non toll processed chrome will go to the bottom line. I am hopeful chrome will be circa $2-3M more, skewed to the last quarter, which if correct makes quite a difference on an annual basis. I know Leon said that due to the volume of chrome processed, the price is not sensitive to daily movements, but over a period of time this must be factored in.

Thanks again Seis, that takes a lot of effort and is brilliant. This really highlights that earnings are rising quarter on quarter and seems set to continue for the next 2-3 years at least. The market has to recognise shortly that earnings are no longer dropping and in fact are actually rising quite sharply.

Sumo, with each step change in income, the chances of that consequence reduces. Hopefully we see modules on M&G before they start building the refinery at Roan. That would certainly help with matters.

Completely agree Seis. The production in full year 25 is not as important as the land mark achieved in producing copper. Although hitting 10-15k tonnes will certainly double our earnings along with the new chrome plant. Full year 26 starts in 11 months and i am expecting in excess of 30k tonnes with the IRH partnership debut. The following year could be spectacular depending how many modules are deployed on the IRH project, plus how many small mines come on board along with the suggested development at Roan. We also know Chambishi is on the radar. We know what theyve done with chrome, now let them do it with copper.

Dorf, always the voice of reason.

You are most welcome to my 21st birthday party!!!!

Lets hope optimism outweighs pessimism.