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Looks like they were incorporated in the Cayman Islands. No chance of finding out who the beneficial owner is then!
SeisNav - according to the ths annual report, the average grade of their chrome concentrate is 42%. According to the Jlp website, jlp produce grade 50-55%, so that would presumably attract an even better price for jlp?
Scott, you talk rubbish most of the time, but that post is right up there with the worst of them. Slater bought 170m in Sep 2021 for 16p, for goodness sake. The fact that he is still adding is encouraging not the other way around.
I reckon they will release an update just before, or even on the morning, of the AGM next Friday. They don't want to be taking a load of questions on progress during AOB and an update would nip a lot of that in the bud.
Bit odd in Leon's comments on page 16 :
The upgrade to the Roan Concentrator is currently underway
and is expected to be completed by the end of October with
commissioning scheduled for the first two weeks of November.
During this time, Roan will continue to operate but at a reduced
capacity to allow for the various upgrade activities.
The upgrade to the Roan Concentrator is currently underway
and is expected to be completed during the month of November
2023 with commissioning scheduled for the first two weeks of
December. During this time, Roan will continue to operate but at a
significantly reduced capacity to allow for the safe implementation
of various upgrade activities
Which one is it?
An explanation about the recent reduction in Rhodium price from the recent THS update:
"PGM prices came under pressure in the quarter as demand softened and destocking took some shine off the strong pricing seen in FY2022. Rhodium and palladium prices remain the most affected, with rhodium suffering from a small, tight, illiquid market influenced by a single seller."
With the price of Rhodium now rebounding, hopefully that seller has now finished.
A Bear Market? The ftse 100 has just closed at an all time high!
According to this map, we have a concentrator in the DRC for Project Roan. No idea if that is true or not!
https://jubileemetalsgroup.com/operations/copper/
https://www.lse.co.uk/rns/JLP/jubilee-secures-institutional-financing-37s9kl7w97ychxa.html
Here is the RNS with the 6.12p warrants. If these are all exercised, then at least JLP will have around £3m more in the coffers for the remaining warrants. Might be a bit of short term pain on the share price until they are all exercised but, the lower the share price goes, the less Miton and Co will make on their resale. The share price must be near an inflexion point where the balance of these warrants can be rinsed through fairly quickly.
Do you think that was meant to say 30,000 tonnes of cobalt? Seems odd to mention copper twice.
https://t.co/j1U1NDo4sf
That might do it!
It's on directors talk
https://www.***************************/jubilee-metals-delivering-on-investments-and-ramping-up-production-video/4121080465
Haven't had chance to what it yet though!
I see that the Shareholdings page has been updated on the JLP website on 15 July.
Looks like FIL Investments International have added around 70m shares since the previous figures in mid June. They must have been responsible for the large transactions we have seen over the last few weeks.
Acam still holding strong too.
Let's have a look at a couple of his investments and compare:
JLP - year high is 19.75p - now 14.7p
GGP - year high is 22.75p - now 9.70p
EUA - year high 39p - now 7p
JLP is holding up because of earnings growing substantially more as we speak.
That's come out of the blue. Wonder if he's going to be our new man?