Member Info for olddrongo

I guess this article was done just before JLP declared the power / water issues, which had a massive effect on the SP. Just goes to show that once we begin to see results based with no power / water restrictions we should see a rather rapid rerate. Hopefully!!

OD

It's because you have installed some AI software that thinks a collaboration deal is a purchase order and it has taken steps to correct the share price

Seem to remember a few years back that Leon stated that Chrome was the key to highly profitable Chrome / PGM operations , particularly with depressed commodity prices and that the market had not woken up to that fact. Well, just maybe, he was right!!!

OD

Hang on Evraz, earlier in the week you said gold was going to 1800. Make up your mind please

Guys, do you really think gold will be anywhere near 2500+ by the end of the year.?

Be great if it was, but with so many commodity price predictions by so many commentators being wrong these days, it's hard to believe it.

OD

Or stolen!!

The importance of this should not be under estimated. JLP recently had issues wit power and, based on the fact they employ over 700 local people, the Zambian government has now given them preferential status for electricity supply. I suspect the government is well aware of the likely forthcoming tie up between JLP and GLR. Having lots of people employed is a real advantage for any incumbent government.

OD

"The fall out is likely to be beneficial for African mining countries – in particular the Democratic Republic of Congo (DRC) and Zambia – as investors reduce their exposure to Chile and mining companies start to look elsewhere for new lithium and copper projects."

Love it

M&A on the up!!!
https://www.telegraph.co.uk/business/2023/04/03/glencore-launches-22bn-copper-raid-in-battle-for-batteries/

Hi datacheck, thanks for the reply. For Luansobe, it is likely [hopefully] that JLP will process the ore. Based on your figures where is the profit for JLP. Am I missing something here. Surely GLR would not be receiving $9000 per tonne of copper.

OD

The current price of copper is about $9000 / tonne, but what price do people estimate GLR will receive for the unprocessed ore and what costs might be be incurred in extracting the ore.

OD

I'm sure CB promised the open pit tender in Oct and here we are in Feb. I'm up to my nuts in shares in GLR but I sometimes do struggle with CB and his time scales.

Blimey, that's one hell of an article. Need to spend some time digesting the facts to see how accurate they are. The executive summary is the worst is behind us in terms of share price. Bushy, really hope you continue to short JLP!!!

IMO it's not the technical risks so much as the financial risks. With a miner it takes 10 years and lots of cash to bring a mine into operation, with the attendant cost of interest on bank loans and share dilution through placings, major changes in commodity pricing etc. JLP can bring a project on line in 1-2 years and are hopefully approaching the situation where they can fund new projects though cashflow - hopefully!!!

There are many TV adverts atm for MSC, trying to show their green credentials. They make reference to LNG powered cruise ships but alas no reference to MSAR or BioMSAR

Oh well

3m across all accounts

Also the RNS says that the power and water issues are sorted

Fyoz, 100% agree

He doesn't have any hair!!!

Nothing specific but this share often takes a nosedive when good news is on the way. Have noticed this many times over the years.

OD