The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
No problem Dru and well spotted on the Jubilee field trip, I must have overlooked that page! It would be a perfect opportunity to use the social media channel to generate a bit more publicity you would have thought, especially with Jubilee's plans to integrate with the artisanal miners and generate employment.
I've been keeping an eye on Google Earth myself to see if there are any updates to the Roan site. You can also view Sentinel satellite data which gets updated every 5 days or so, however the resolution isn't quite good enough to see what's going on. I can see there has been a lot of progress but exactly how far along they are I can't tell.
Https://euzcopperbf2024.com/schedule/
This forum kicks off today in Kitwe. Good to see Jubilee has a presence, with Ricus Grimbeek taking part in the discussions on Thursday.
Yeah it doesn't make much sense... I guess we'll have to wait for Jubilee to update the list to see whats happening. It certainly feels like someone is building a position or increasing one at the moment.
I just had a look at Marketscreener for the significant shareholders. I'm not sure if that's an up to date list but it's showing a couple of significant differences from the Jubilee website:
Slater is now showing just over 200 million shares compared with 341 million on the website
Abrdn Alternative Investments is showing 219 million shares, not listed on the website.
Jupiter Asset Management, which disappeared from the website list, is still there, with the original 92 million shares.
If this is correct it certainly explains the drag on the SP whilst the institutions redistributed the shares!
They also recently consolidated ownership of three other Zambian licenses under Tertiary Minerals (Zambia) Ltd : Jacks, Mushima North and Mukai, in order to make any negotiations for JV's easier... which makes me think there may be another deal / deals in the pipeline.
First Quantum are keen to find other deposits close to the Sentinel / Enterprise mines in order to extend the life of the mine, they have been doing airborne EM surveying of the whole license area. Tertiary have identified an anomaly which straddles the TYM / FQM license boundary at Mukai and I think there's a good possibility of FQM drilling that for TYM. They are already in a data sharing and technical agreement with FQM.
There are many reasons why the SP might have started to recover, some of which might be:
We are getting more attention now due to pundits like Share Prophets and Charles Archer talking positively about the company.
Copper price is getting stronger so people are looking at getting exposure to copper.
People getting in ahead of the Q3 results
Potential news due on the status of Roan upgrade and ramp up.
People in the know buying in. There have definitely been some news leaks in Jubilee in the past, for example there was a lot of unusual selling before the news of Roan's power and water issues was officially released after the first ramp up.
I'm sure there are other reasons too.
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.