Member Info for plumbus

The construction of our Kabwe project is underway following the reinstatement of the mining licence by the Zambian authorities. Our initial focus is on the implementation of the zinc recovery circuit. I will provide further details and clarity on the project following my presentation to the Zambian Mining Department later this month. Kabwe Zinc, Lead and Vanadium Project (Zambia) Our Jubilee and BMR teams are hard at work with the construction of the Kabwe project in Zambia. The initial construction focus is on the zinc primary leach recovery circuit. The lead and vanadium project schedule will be concluded following completion of the circuit optimisation work currently undertaken by Jubilee. The circuit optimisation test work by Jubilee's research and development team includes work to evaluate the optimal product purity specifications. Further detail relating to the project's implementation schedule and design specifications will be provided following the presentation to the Zambian Mining Authorities during June 2018. Clarification note on settlement of historical creditors by BMR Group PLC ("BMR") Jubilee wishes to clarify the conditions under which Jubilee has agreed to allow BMR to allocate a portion of its existing holding of Jubilee shares to settle certain approved BMR creditors. Under the agreement reached with BMR, such number of Jubilee shares as required to settle the approved creditors will be placed into a Jubilee nominated broker account ("transferred shares"). The transferred shares will be now be under Jubilee's control for onward placing to ensure orderly market conditions.

Cant have too much of a good thing - the last bit anyway!

Leon Coetzer, Chief Executive commented: "We are making excellent progress on the Kabwe project with the construction of the primary leach circuit well underway. Final tests on the ore handling systems are expected to conclude shortly to confirm equipment selection. Further details on the project will be released following the project presentation to the Zambian Mining Ministry expected to be held on or before 20 June 2018."

https://www.investegate.co.uk/jubilee-metals-group--jlp-/rns/kabwe-and-bmr-group-plc---bmr---update/201806040915011655Q/

Do you not think that the rescinding of the licence and appearance of blue square are somewhat related. There will be no enhancements gained by blue square. It should be seen for what it it.

With that in mind how does he expect the placees to cough up at what was it 3p?

3card, the placement was not for this they are selling JLP shares to satisfy it.

Placees - We've a couple of weeks to find out and if not - curtains.

Question is will the placees still stump after this further setback, seemingly not prepared to fund this though.

Paying best part of a million to get our own license back, you couldn't make it up.

https://www.investegate.co.uk/galileo-resources--glr-/rns/star-zinc-conceptual-grade-tonnage-estimate/201806040700071111Q/

Wasn't aware of that hydaides, first time I've come across it. Anyway on the premise you cant have too much of a good thing, its there again. Fanciful or not the market for oil will become very tight in the next few years.

Found this on advn from Mount Teide: �Biggest Ever Change�� In Oil Markets Could Send Prices Higher - OilPrice.com today hTTps://oilprice.com/Energy/Energy-General/Biggest-Ever-Change-In-Oil-Markets-Could-Send-Prices-Higher.html 'An upcoming regulation that analysts have called �the biggest change in oil market history� and the �the most disruptive change in the refining industry� is lurking just around the corner, and experts say that it will drive oil prices higher as it will fundamentally shift the demand pattern for fuels. �This is going to be the most disruptive change to hit the refining industry in its history,� Chris Midgley, global head of Platts Analytics, said. �Unlike other specification changes seen by the industry, this isn�t a little bit of tweaking.� The regulation will send demand for middle distillates such as diesel and marine gasoil soaring, and refiners will have to shift some of the products they will be processing from crude oil, analysts concur. The stricter regulation on the fuels used by the shipping industry will result in booming demand for middle distillates that would boost crude oil demand by additional 1.5 million bpd, potentially sending oil prices to as high as $90 a barrel in 2020, Morgan Stanley said last week. In fuel oil prices, the forward curve has not yet fully priced in the new regulation, according to research from S&P Global Platts Analytics last month......... According to Rick Joswick, managing director for downstream oil analytics at Platts, the forward curve for middle distillates currently shows little change between 2019 and 2020�underestimating the impact of the new rules. �The market has not appreciated yet the degree and scope of these changes,� Joswick said. �While there has been breathless attention paid to prompt Brent prices climbing to $80 a barrel for the first time since 2014, what has received less attention is that the entire Brent forward curve is now trading above $60, including contracts for delivery as far out as December 2024. This development is an important psychological milestone for the oil market. The market is, in effect, saying that �lower for longer� is dead,� Sen and Elguindi wrote. Looming shortages of supply and strong demand will combine with the marine fuel regulation in 2020 to put additional pressure on the physical oil market. Demand for diesel and ultra-low sulfur fuel is expected to jump by 2 million bpd-3 million bpd, Energy Aspects analysts noted. �Nothing ever moves in a straight line, but the broader oil market is perhaps not prepared for what will happen to oil prices over the next couple of years,� they concluded.'

Eric I don't believe AB has told us massive copper tailings in our portfolio and a copper plant actually operating amongst a list of other things that never actually existed? Alikhani was a fantasist (to be polite) not a mere under-performer as AB appears to be. We only performed better as the information he generated for market consumption was more fabulous than Pegasus.

Dicky, I think it refers to the flare stack which at full height may not pass under the bridge over Suez. So possibly the top portion needs to be replaced after transit.

Yes there all loosers when it comes to grammer.

Thanks Sipp, Any opinion from those versed if the flare stack is being engineered at this stage for the 'cape route' or the Suez route?

More to the point, they never seem to get it right.

Plumbus, i'd normally reciprocate and call you a **** You just did. I'll take that as a yes then.

ctk, Do you like the sound of your voice as much as you do reading your own literary prattle?