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I think you're looking at a headline from November Jolly.

Why are you actively trying to stop people from investing here Pandy? What have historical charts got to do with the drilling projects that are happening now?

I just had a look at the data for the Kariba Dam and it looks like they have started to ramp up power production in the last couple of days with increasing river inflow.

"The hydrometric network used for the control and day to day operations of the Kariba reservoir comprise of thirteen stations where water levels are monitored daily. Flow measurements are carried out at eight of these stations which include the Victoria Falls, one of the key stations on the Zambezi River. "

"The Zambezi River flows at Victoria Falls are steadily increasing due to rainfall activities being observed around the catchment of interest, closing the period under review at 273m3/s on 17th December 2024. The flow observed on the same date last year was slightly higher at 374m3/s."

It would be good to know how that is affecting the stability of the national grid.

Https://x.com/Tertiaryplc/status/1868944535822516399

Drill results pending from three #copper projects:

· Konkola West #Zambia, a joint venture with KoBold Metals Company

· Mukai Zambia, a joint venture with First Quantum Minerals

· Brunton Pass #Nevada, 100% TYM

Lunsemfwa Hydro, the company supplying the private power agreement, is building a solar plant along with it's two currently operating hydro plants, however unless they are planning to build it near to Roan (there's no indication of that) then it still doesn't mitigate the problem of the National Grid going offline. Some form of backup at Roan needs to be implemented so that at least they can do a controlled shutdown when necessary. From what Leon said in the past, the problems tend to be on trying to restart the plant after a shutdown, when tonnes of rock and sand are settled in the crushers. They did beef up the hardware after the initial problems at Roan but I guess any unplanned shutdown has the potential to cause damage to machinery.

At least with the rains already started we might see some of the pressure taken off the grid as they are able to increase available hydro power.

So standing back from the panic merchants and 'sack the board' types...

Sable is directly connected to power from the private power supplier. Operations at Sable / Munkoyo / Project G are progressing as normal.

Roan is experiencing power outages when the National Grid becomes unstable / completely blacks out. In between these outages, operations continue and Roan is still producing copper concentrates.

The company expects the Zambian government to address the situation with new power agreements from neighbouring countries within weeks.

The cost to purchase 100% of the Waste Rock Project has been negotiated down from US$30m to US$18m, with just US$11.5m of that still outstanding and the repayment period has been extended to the end of December 2025. This has the benefit that the majority of the SPV budget will now go on implementing the front end modules rather than repaying the cost to purchase the project.

The continuous buying this afternoon tells you all you need to know... this has been massively oversold.

"Hopefully the increased volume might allow FIL to dump last holding, especially while buying is strong at these levels"

I wonder if it was FIL dumping their holding which caused the dramatic drop, looking at the volume there doesn't look like any trading sufficient to cause that kind of drop so we might see some big delayed sells later and all this sustained buying is mopping it up.

All those trades at 3.72p are buys, including mine! As usual the big guys are in a position to profit from nervous PI's.

Https://audioboom.com/posts/8624389-midweek-takeaway-with-leon-coetzer-ceo-of-jubilee-metals-aim-jlp-jlp

One bit of good news, the water level in the Kariba Dam was fractionally up last week after months of steady falls so maybe the rains are starting to have some impact there.

It seems ridiculous over-reaction to me. Not that long ago Roan was operating only 50% of the time due to load shedding, nobody said a word. Now they are restricted by the grid tripping out and it's a catastrophe. They could have been more clear in the RNS on how much time is being lost due to these outages maybe it's not as bad as some people are anticipating, who knows?

Northman, to get the private power supply to Roan in Ndola, the power needs to be transmitted across the national grid. The company is based in Kabwe, with a hydro plant close to Munkoyo. The only way to transmit power to Ndola is over the grid. If the grid trips then Roan also looses power. It has nothing to do with the private power agreement.

I agree with you on backup power at Roan, this should have already been in place. Questions need to be asked as to why that hasn't happened, assuming it hasn't.

Tebbster, I suggest reading the RNS again. The problem is with blackouts on the National Grid not with the private power supply. Zambia recently lost a power agreement with Mozambique which has put additional strain on the already struggling power grid, thats when these blackouts started. Power to Roan is wheeled across the grid so when the grid trips out then Roan looses power.

Tebbster, I suggest reading the RNS again. The problem is with blackouts on the National Grid not with the private power supply. Zambia recently lost a power agreement with Mozambique which has put additional strain on the already struggling power grid, thats when these blackouts started. Power to Roan is wheeled across the grid so when the grid trips out then Roan looses power.

Results due in January.

https://x.com/Tertiaryplc/status/1868582160808169500

A short presentation by the PGM analyst for BASF on the factors likely to affect supply / demand in PGM's next year:

https://vimeo.com/1036689157

Chrome price still at US$220 / tonne this week although I wouldn't discount further falls especially with Chinese New Year coming up when the market tends to go to sleep.

Commissioning and ramp up of the two new Thutse modules has been ongoing for at least 5-6 weeks now so optimistically we might see some news on that as early as next week... lets hope for an early Christmas present!

That's the old tank house I believe. You can see that exact same view in this video clip on the Makor Resources instagram page, with Leon and Ricus watching on.

https://www.instagram.com/makorresources/reel/DAkijXlg2pE/

Placing still hasn't been cleared yet... you might find that out shortly 😂

Still less than 2 billion shares traded and a placing of 1.1 billion so it's not possible for it to be done yet.

Nice to see a bit of volume traded, should help clear out those placing shares!

Comical? Really? The sellers have dragged the price down from 8p to 4.5p. I'd say thats worth talking about! Obviously copper production is important but it's not the main driver of the SP at the moment.