Member Info for SeisNav

If we see the license applications granted just before the end of the month (they are supposed to start issuing them before the end of March) that’s really going to confuse the market!

To be honest it doesn’t bother me digger, if It drops on another extension I’ll be improving my average! I have no intention of selling anytime soon so short term price isn’t important to me. There’s not a lot of liquidity here so when it does go up it’s likely to rocket.

Nelson he’s clearly a troll. Either through ignorance of the company or an attempt to mislead, he constantly presents fiction as fact, then when challenged just ignores being corrected.

He is the troll here and it isn’t.

“ Recoverable copper grade only 0.2%”

Sometimes its better to say nothing and be thought a fool than open your mouth and remove all doubt. The tailings are upgraded to 2% BEFORE they go to the Roan concentrator. He clearly doesn’t even grasp the basics of what Jubilee does.

I’ve got some more cash moved into my ISA… ready to take advantage when this has bottomed out!

Instead for responding to bushy just report every post he does like I’m doing. He’ll get banned eventually.

Sushi if I want to know the share price I’ll fecking look at it, I don’t need a running commentary.

Tjate gets mentioned at about 1:03:00

https://www.youtube.com/watch?v=uZjDPeu4SYY

http://www.daily-mail.co.zm/zra-raids-chambishi-metals/

This might be the tax issue that was mentioned in relation to the refinery transaction. The ZRA were looking for about US$39m in unpaid tax (allegedly) from ERG.

I noticed that Leon mentioned Chambishi when asked about distance of tailings from the concentrators. As far as I know we don’t have any tailings in that area… another indicator that we might be negotiating on the Chambishi Metals plant. He also said that the Mufulira S l a g project fits ‘perfectly’ with our plans which might also indicate Chambishi. Interesting times ahead.

HH is a businessman first and politician second, he sees the opportunities that Jubilee offers. Voters can turn against the government if they don’t see results quickly and new mines can take many years to come to fruition. He needs projects which will show results quickly while the longer term projects are developed. Jubilee offers:
1. Potential for rapid job creation (we are already the largest employer in Kabwe)
2. A significant contribution to the copper target within 2 years.
3. A focus for small and mid size miners to get their material processed.

https://jubileemetalsgroup.com/wp-content/uploads/2023/03/JLP_H1_2023_Results_conference_call-20230320_085940-Meeting_Recording-1.mp3

A few extra bits of info from the analyst questions.

Nice to see Berenberg increasing the target back to 20p on the back of the update today.

Shouldn’t you be more focused on the slow motion car crash that is HUM? Down from 40p to 7p… tells me you don’t know much :-)

The results are already out there, they are unlikely to change significantly from what we’ve already been told. What’s important is the full year guidance to see how things are progressing now.

Dorfan, that’s one of the questions I just submitted on the investor meet company website. My understanding of the process is limited to what’s in the WHI research note but I think they need to take the copper / cobalt into solution in order to drain off any cobalt present. It might be that they need to shut down Roan in order to do the upgrade and that they intend to use whatever is already stockpiled there to feed Sable… just a guess though. Hopefully Leon will explain on Monday.

Another opportunity to ask the questions that have been asked here for the last few weeks!

TG5 you’ve already admitted you will say whatever suits your agenda here… rendering anything you say pointless. Not that you say much of any value to be honest.

“ We know January and February is a write off in Zambia and South Africa”
We know operations were affected into January in Zambia with continuing power issues. In the 17th Feb video Leon was still forecasting 22,000-23,000 ounces of PGM’s for this period so I don’t see how you can write off January and February in South Africa. Anyway rather than making wild assumptions lets just wait for the actual numbers on Monday.

If Roan had been producing solidly since ramp up at maximum output of 800 tonnes / month (grade dependent) that would still only have been 1,500-1,600 tonnes to the end of October. It’s likely they were having water issues during that time which would have affected production. It seems a bit unlikely that after all the testing that was done before ramping up that they have somehow got it wrong. Also remember that power issues were affecting Sable, not just Roan:

“ During the period under review, and to mitigate the risk of equipment damage and loss of product quality caused by outages, management has taken the decision to curtail copper production at Sable and instead increase stockholding of partially processed material at its Roan concentrator, which is targeted to be refined at Sable following the implementation of the new power management plan.”

The upgrade to the Roan front end is expected to take up to 8 weeks according to Leon, hopefully the stockpile will go at least part way to covering that. After all we can’t produce cobalt without processing copper as well… the cobalt is a by product of the copper process.