Member Info for portal

I should have added "and partners", as explorer has pointed out the Weichan deal is much larger, and Weichan owns 20% of Ceres too. Fantastic to be getting revenue late 2026, and good growth from 27, and much more in 28.

The opportunity of Ceres is immense, couldn't be better timing. The link is a comparison to Bloom Energy.... highlighting the size of the opportunity and our dependence on Doosan.

https://x.com/i/grok?conversation=2057724536309653749

NAV now £205m, equates to 115p for KR1. TIA has raced to $15.57 which is £91m in itself

You can see their NAV here. At the bottom of the page it has historical NAV too.

https://cointracking.info/portfolio/kr1

Because it is listed on Aquis not AIM. Huge dilution at 3.7p, 100m shares v present 60m shares. I have sold. If all he said was true he would not have given up a majority of the shares at this price.

https://www.aquis.eu/aquis-stock-exchange/for-investors/announcements?view_news_id=3924494

He says MARU will move to AIM in April and talking about over 50p by 2023 year end. Jason is certainly not shy. He also says that by next week we'll not if he has been successful in signing a major deal with a South African major. And copper mining to start in Tanzania before yearend too.
https://www.youtube.com/watch?v=LgmmXZaLvTg

Tree shake if ever i have seen one

Disgraceful behaviour by the company. This contract would have been cancelled awhile back, the NHS does not move quickly. There definitely should have been a RNS. Now they have sold shares while withholding key company financial information which is illegal. I am out. Once you are crooked there is no recovery.

And you don't think Hainan did due diligence, nor took that into account. They invested$18m on a whim and you know better?

I am vert encouraged to see Schroders increased their holding from 7.25% to 10.259206% even with the 10:1 dilution.
While Unicorn Asset Management Limited went from 4.44% to 0.32%
And Octopus Investments from- 9.69% to 0.7%. The latter two mainly from the 10:1 dilution.

New from simply wall street.
Forecast to breakeven in 2025
The 3 analysts covering Horizonte Minerals expect the company to break even for the first time.
New consensus forecast suggests the company will make a profit of US$10.6m in 2025.
Average annual earnings growth of 44% is required to achieve expected profit on schedule.

I suspect the JLP price drop has to do with the electricity supply problems in south africa, parts of the country are without power for between 4 and 8 hours per day. JLP will have contingencies, but running diesel generators will also push up costs. Zambia mainly runs on hydro power, so is only really affected in September and October when there is less water and they import from SA.

Very good news for Strix, I thought the rolling back of the covid restrictions in China would have a more positive impact on the share price. I think that will come in time.

At a mining conference I remember an Australian who said 'We have an Earth first policy, we mine Earth first, Mars second'

Thanks for that. Also the first time i have seen a number for cobalt, 1200 ton/annum, about 10% of copper. This could be a very significant revenue stream.
Also aiming to increase the northern sector to 40000 ton copper/yr. Therefore doubling the current 25000/yr target

From JLM on twitter- "We are pleased to see ramp-up progressing at the Roan concentrator.
Images of A-grade copper cathodes from Project Roan ready for export pictured below." ??
https://twitter.com/Jubilee_Metals/status/1564988668107972608

last paragraph-
“Equally in copper following a delayed start due to equipment deliveries, our Project Roan reached 80% of design capacity during the first week of August. This puts us on track to achieve our targeted 3 700 tonnes of copper over the current six-month period ending December 2022. The increased production rates are expected to further reduce our unit cost. With the delivery of Project Roan, we are on track to reach 10 000 tonnes of copper for the full twelve-month period ending June 2023, while we work to unlock the cobalt potential,” says Coetzer.

In case you don't use twitter.
Jubilee Metals in SA and Zambia is WhyAfrica’s Pick Of The Week
Jubilee Metals’ investment and expansion programmes in South Africa and Zambia over the last year, have laid the perfect foundation for continued and sustained growth across its PGM, chrome, copper, and cobalt operations. Jubilee Metals is WhyAfrica’s Pick Of The Week.

During the last six months Jubilee successfully completed its R1.2-billion investment programme to diversify and expand the company’s PGM, copper and cobalt operational footprint

The company’s Inyoni processing operations are located on the Western Limb of the Bushveld Igneous Complex close to the town of Brits in the North-West Province of South Africa. Construction and commissioning of the new 45% expanded Inyoni operations were completed in March 2022 with an annualised nameplate production capacity of 44 000 PGM ounces and a 1.2 million tonnes combined chrome concentrate capacity (up 85%).

Jubilee achieved increased production of 21 140 PGM ounces for the six-month period ending June 2022 (up 5% from the previous six-month period) despite planned operational interruptions to complete the new Inyoni processing facility. More than 95% of PGM ounces was produced at the new Inyoni operations during the six-month period (compared to 75% in FY2021). This brings enhanced economics to Jubilee and has mitigated the impact of softer PGM prices. Early results from the new Inyoni operations have outperformed expectations with a 34% reduction in PGM unit cost compared with the six-month period ending December 2021, as the facility benefits from significantly increased operational footprint and increased contribution from chrome production.

In Zambia, Jubilee’s copper production increased 14% to 1 388 tonnes, over the previous six-month period. The Southern Copper Refining Strategy for 12 000 tonnes per annum of copper was brought onstream with the commissioning of the new Roan copper concentrator and ramp-up of operations reached 80% of design capacity in August 2022.

Good results despite supply chain disruptions

According to Leon Coetzer, CEO of Jubilee, these results were achieved despite several challenges, including intense and prolonged supply chain disruptions.

“The rationale for the investment to expand our Inyoni operations is best illustrated by the simultaneous increase in not only the overall PGM production but also the sharp increase in earnings generated per PGM ounce despite softer metal prices.

“The past six months and especially the last quarter has shown a sharp increase in PGM production and lower costs as Inyoni achieved its full design capacity with the majority of the PGM production stemming from this quarter. This performance underpins our target of reaching 44 000 PGM ounces per annum from our own facilities as more of our production benefits from our efficiencies.

Jubilee have retweet this article today.
https://www.whyafrica.co.za/jubilee-metals-in-sa-and-zambia-is-whyafricas-pick-of-the-week/