Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Is it all about the copper? I don't think the market has woken up to the profitability of the chrome business yet.
The areas around Kabwe and Ndola still look to have plenty of water and look very green on the recent satellite images I've looked at. Not all of the country is equally affected by the low rainfall. If there are problems it's likely to be later in the year I would think. Electricity is more of an issue, with so much reliance on hydro power. The government are putting things in place to address that, like load shedding sectors which are not critical to growing the economy and buying in extra electricity from neighbouring countries. Jubilee can always address that with backup power as they have had to do in SA, if that proves to be necessary.
Https://www.znbc.co.zm/news/small-scale-miners-told-to-wait-for-senseli-tailing-ops/
You're a fine one to talk about abuse considering your dubious holidays. Taking advantage of confused young men is pretty abusive isn't it? Also quite high risk which is odd considering your username! I do hope you didn't give them anything nasty.
I think we're starting to get more coverage too, Share Prophets recently wrote about the company as did Charles Archer:
https://x.com/that_stocks_guy/status/1775813639598997710
Northern, yes Chambishi is pretty much equidistant between the Mufulira S l a g dumps and Chingola so it would make a lot of sense, assuming that it is actually OB1 at Chingola. If they are considering it for that reason then it's a possibility that IRH could be involved in the purchase of Chambishi. I'd thought it more likely that they would look to processes OB1 through Mopani but maybe not. It's all speculation for the time being!
I'd assumed that OB1 was the name given to the dumpsite by Jubilee but actually there is a dumpsite with that name, owned by KCM, at Chingola:
https://tinyurl.com/4capshn3
It seems likely that it's one of the big dumps at the Nchanga open pit on the outskirts of Chingola, just down the road from Chambishi.
Slater, Fidelity and Canaccord Genuity have all taken the opportunity to significantly increase their holdings during the recent lows. I don’t think we are on the radar for many private investors yet and those that do know what Jubilee does could well be waiting for proof that they can produce copper at the levels claimed. For me, I’m not particularly concerned about hitting the annual copper target, what I want to see is Roan hitting targets after the upgrade. That will be the key which unlocks the exponential growth in the same way as we have seen in chrome. The IRH deal will give Jubilee the funds to get that expansion rolling.
For anyone trying to calculate the numbers, here are the quarterly average metals prices for this financial year so far (the spreadsheet shows them as calendar year):
https://tinyurl.com/2ypnz6us
You can see that the PGM basket and chrome price has been pretty consistent over the year so far with copper starting to trend upwards.
That’s all we needed to know. Now can you explain why you have been unrelentingly negative on the company? That’s very odd behaviour for someone who claims to be a shareholder don’t you think? Also why does your level of english change throughout the day, almost as if different people are using the account?
Drilling may have already started in Botswana, or should start soon if not.
Coming to the end of the tax year so we might see people buying next week to take advantage of ISA allowance.
Both things which might clear out the shorters and (hopefully) drive up the price.
For anyone interested, here's a Johnson Matthey webinar from last week on the fundamentals of PGM's
https://www.youtube.com/watch?v=QV0Ehx-MjJg
That shareholder list is still showing last update on 23rd January as far as I can see.
Yes Jupiter disappeared from the Significant shareholders list between September and mid December last year, I usually take a screenshot whenever they update the list to keep an eye on what they are up to. Some of the other ones have adjusted their holdings up and down over the lat year so it's not necessarily Jupiter but it could be.
South African chrome ore 40-42% concentrate price is US$303-310 (bulk). Slightly up from last weeks US$303-308.
Apart from a brief period in 2017 when chrome ore price shot up to US$400 / tonne, we are definitely at the top of the price range right now. Let’s hope it remains there for a while yet, until copper finds its feet!
Https://x.com/ArcMinerals/status/1773317612740530282?s=20
#ARCM Photos of Mobilisation & Camp setup at our Virgo licence in Botswana. Boots on the ground for pre-drill activities.
Further updates to follow both Botswana🇧🇼 & Zambia🇿🇲
Sounds like we might be due a Zambian drilling plan after the Easter break, not before time!
In the recent podcast, at about 19 minutes in, Leon said they expect to have the first of the two additional modules operational in about two and a half months:
https://www.thesundayroast.net/podcast/episode/51127872/s7-ep29-midweek-takeaway-with-leon-coetzer-ceo-of-jubilee-metals-and-charles-archer-long-term-ftseaim-investor-and-freelance-financial-analyst-aimjlp-jlp
So presumably that's the module that he states as being commissioned by August. He also says there's a module due to commence construction in August, presumably this is the second one.
Leon definitely needs a proof reader, there's always something which confuses shareholders!