Member Info for SeisNav

"The trend is currently moving sideways, after spending about 3 years in a long term downtrend"

You could replace trend with PGM basket and the statement would be equally true. That doesn't take into account increasing higher margin chrome production or increasing copper production.

SH, as far as I'm concerned there's absolutely no doubt that the ore body extends across from the MMG area to Arc's license. Firstly, and I'm not sure how many investors actually appreciate this, the structure is the plunging nose of a dome with roughly half of the dome on each side of the license boundary. How likely is it that one side of the dome is mineralised and the other side isn't? The geophysics backs this up completely, with an IP anomaly running across Arc's side of the dome, all the way to the license boundary with MMG. Drilling has confirmed that this anomaly is indeed the mineralisation they were expecting to find. The only unknown is the thickness and grade of mineralisation which hopefully will be forthcoming soon.

I'm not going to speculate on the validity of Ruffles posts but as far as the data goes, why wouldn't MMG be interested in potentially extending one of their "priority discoveries"?

It’s good to see such a detailed update with timelines and targets, very well written I thought. Lots to absorb, I’ll have to read it again when fully awake!

Jubilee part starts at 37:40 if you don't want to wade through it all.

I'm prepared to bet a large sum of money that you can't prove what you just said.

If they have assay results already then they are duty bound to release them to the market. I doubt Nick would put himself in a potentially compromising position at this stage.

Well at least this time Ruffles has put down something tangible 😁 I wonder why they would want a meeting before any assays have been released though? Maybe they have seen enough from the geophysical results and the cores to have their interest piqued?

I don't think its true that PI's are abandoning Jubilee at all, if you look at the two biggest trading platforms for UK investors, HL and Interactive Investor, PI holdings in Jubilee have increased by more than 2 million shares between 6th September and 16th September, when the significant shareholders page was updated. In the face of a big seller though, there simply isn't enough demand from PI's to match the selling. The rest of the shares seem to be getting absorbed by bigger fish than us, but only at a rate which doesn't push up the SP.

In case you missed it yesterday... see below.

The latest round of licensing decisions has been released and Mukai and Konkola West renewals have been approved. That means all of the licenses up for renewal have now been approved. This is really good news for the Mukai JV and drilling at the other licenses. I don't know if we still have to wait for the transfer of licenses to Copernicus to be completed or if that has been done.... anyway it's one more hurdle successfully jumped!

Peggy is a needy troll. If I could be bothered I'd point you to the one occasion where he left Arc and went trolling other shares. He thought nobody was watching him but I was 😉 It was quite sad actually, nobody wanted to play with him so he had to come back here where there are always people willing to give him his little attention fix.

Telly, the placing last December took it up to almost 3 billion and then the issue to shares for Project M and G took it over that.

Leons reasoning for buying the mines now is discussed in the podcast he did with Charles Archer. They learned a lesson by proving they could process chrome waste into a saleable product using other peoples material. When it came time to purchase their own it was already too expensive because word had gotten around so the best they could do was partner with third parties. They didn't want that to happen again in Zambia so secured M and G up front to lock in a decent long term margin. Either buy now and suffer a bit of dilution or buy later and potentially pay more for a lower stake.

Here's the link if you want to listen:

https://audioboom.com/posts/8562465-midweek-takeaway-with-leon-coetzer-ceo-of-jubilee-metals-and-charles-archer-long-term-ftse-aim

Shuvlin, no there were no other changes apart from Fidelity.

BB yes it may be that they haven't yet concluded the project G transaction although I found it odd that they put it in the RNS before it was finalised. Leon did say in the last podcast that they were already shipping material to Sable from project G so I got the impression that the deal may be already done but that might be just sending material for testing, who knows.

Frustrating to see the SP getting hammered but as George Harrison once sang... All things must pass!

Aside from Konkola West, the other Zambian licenses are worth looking at. Here are some short videos that Tertiary put together for three of them;

Jacks Project: https://x.com/Tertiaryplc/status/1726875006255194188

Mushima North: https://x.com/Tertiaryplc/status/1714543279717363797

Mukai: https://x.com/Tertiaryplc/status/1701903712094929119

I think Mushima North is an exciting prospect, being located very close to what was the highest grade copper mine ever discovered in Zambia.

Mukai í also very interesting. FQM need extra feed to keep the plant at it's Trident operations going. It doesn't necessarily need to be a massive discovery to be attractive to them because the infrastructure is already in place.

It looks like the significant shareholders list was updated yesterday. The only change from the previous update is that Fidelity has sold just over 4 million shares in the last 10 days. It seems likely there's also another seller because the volume traded over that period is much higher. For me it's still pointing to the recent mine acquisitions. Hopefully they are somewhere close to done!

Haha, I knew that would lure one of them out of their slimy hole 😂

... someone's hoovering up blocks of shares.

I’m sure they are more keen than anyone to “get a move on” but you can’t control the pace of bureaucracy in Africa sadly.

I’d hazard a guess (based on the satellite images) that they are conducting a geophysical survey at Muswema, as they did at Cheyeza, before drilling. I’ve seen what looks like a lot of activity centred on the largest of the EM anomalies at Muswema.

It’s not all about Konkola Bigfoot. There are other targets to be drilled this season which to me are just as, if not more interesting. It looks like they are waiting for the transfer of licenses from Mwasha to Copernicus to complete and then we might see a flurry of activity, with FQM keen to drill Mukai and TYM planning to drill at Mushima North and Jacks this season. I anticipate plenty of investor interest once that lot gets started.