Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Jubilee qualified to join the strategic power users group so 'shouldn't' be affected by load shedding at the moment. Obviously as a business that relies heavily on consistent power and water for Sable and Roan, the drought is of some concern, but following the issues with Roan's first ramp up, they invested in dedicated water infrastructure as well as joining the strategic power users group.
You can see the load shedding schedule here:
https://www.zesco.co.zm/assets/LoadManagement/ZESCO_8_hr_Loadshedding%20_Schedule_final.pdf
For the Ndola area it seems that the load shedding is avoiding the industrial districts at the moment. For Kabwe I don't see any reference to Sable.
I guess the government is trying to. be proactive by starting loadshedding early to avoid worse problems later in the year.
Obviously a statement from the company to confirm no power or water issues are expected, would be welcome.
I tend to agree Mikie, the deal with IRH will allow Jubilee to get several modules up and running relatively quickly and at little or no cost to the company. Although Jubilee only get between 30-40% of the earnings from the project, it's money which can then fund further projects, which give Jubilee a bigger share of the earnings.
Also if they stop the chrome expansion after the planned 2 further modules, there will be plenty of cash coming from SA operations. Chrome prices are very strong right now but there are mixed messages coming out of China so who knows how long that will remain the case. I'd like to see the company starting to accumulate some cash reserves as a 'rainy day' fund, in case prices start to cool.
The tailings projects are joint ventures with various partners, including ZCCM so we don't know if there are any requirements within those JV's to get things moving within a certain timeframe... maybe something to ask about at the next opportunity.
I think we can forget about the Eastern Limb expansion unless there is a decent rise in the PGM basket.
For Munkoyo we already know the timeline to implement the concentrator module and its not until the end of this calendar year.
The tailings projects are still a bit of an unknown. The recent Draslovka webinar showed between 70-80% copper recovery, as stated in RNS but cobalt recovery was very low… are they still working on that?
Takenorisk is definitely the same guy(s) who runs Bushytailed on other message boards. He plagued the JLP board for years until the regular users started reporting him and he got himself banned. We can easily do the same here with all of them, it just takes a bit of effort by the regular users in reporting all their posts.
You've got to look at who it is that's starting these rumours... despite the company saying within the last week that there is no plan to raise money at the moment. There's absolutely no need to start drilling in Botswana right now.
This is the same Kalan who was extolling Heroric, an obvious deramper and Bushytailed, even more obvious. It's all about a balanced view eh? Anyway keep feeding everyone the cuddly grandpa line... some might fall for it!
That goading doesn't bother me (I don't see it anyway!), I've spent plenty of time researching the potential of these assets and I firmly believe the potential here is massive. They know it too, that's why they have been all over this company for many months. If I'm right then I'm looking at a 7 figure reward quite easily. If I'm wrong... well I learned a lesson! Either way I won't be looking to congratulate or blame anyone else but myself.
From the last annual report it looks like "former directors and consultants". There were 9 million options at 2.11p average. Can they be forward sold into the market I wonder? Not something I know much about but it would explain the recent seller.