Member Info for shuvlin

Maybe not gotreal but I question the inference from some that the debt could be paid off in 3 years by profits (after expenses) alone.

Really? They will have 30 million a year in profits after tax and other expenses?

"We going to be left hold 3.15 billion shares for a copper company worth 1p" ,rather simplistic happy. Ah well at least the board won't lose anything on their penny options.

It's in one location now Waitforever but if it succeeds it can be anywhere. With the easy replication we could soon be processing copper in South America and Australia .

They know things about PGM and Copper production that we are not privy to. It's easy to think that 90 million is not enough but how much plant is going to need refurbishing or even replacing in SA over the next few years and how much of the PGM and Chrome profits will be eaten up by that and other expenditure. It will also be useful to have our attention fully engaged by Copper without distractions from elsewhere. There is risk but there is also risk in SA.

I'm sure we will get the details regarding the valuation of the offer in the circular and EGM that we will have to have before the deal is accepted. As Gray says, if we don't like it we can vote against.

It shows nothing of the kind Edzi. More blather from a wanabe PR. what a laugh. By the way is Homey really your Honey?

Zeus View. Today’s news is a surprise, but one which looks, in our view, to match Jubilee’s capital expectations in Zambia with the prudent sale of its established assets with a lower growth profile. In Zambia it looks like there is “more bang for buck” and with recent metallurgical results showcasing the ability of Jubilee to recover the copper in low-capex units and, with a hungry refinery at Sable to fill, the sale looks well timed.

Setbacks are hopefully over Ardbeggar. I can't see them making this leap unless the board, including the FD were certain it would pay off. Everything is up and running in copper now and they know how the expansion of the PGM business went . Sounds like they are trying to keep us sweet with the promis of Divi as well.

We will have a better idea as to the value of this when we get the full year data for SA.

News should be dropping on a constant basis from hereonin WOBF.

one of those ************* interviews (with no space and the usual dot com at the end)

maybe something to do with this?

https://www.***************************/jubilee-metals-secures-game-changing-copper-supply-deal/4121200288

Unfortunately this goes up and down very rapidy with very few shares traded. It doesn't take much sentiment either way to move it and many traders just look at momentum to inform their decisions. I think at the moment we don't have that many sellers but are lacking in something to drive more buying. Obvious I know but it won't change until we get an idea of how much profit we can make ( including pgms and chrome). Very frustrating but the sp is unrealistic.

So much argument here about the length of an elastic band.

Sorry for the bad keystrokes. I don't know about others but the typing stops suddenly on here for no apparant reason.

"Vultures pick up asset rich poorly performing companies cheaply and asset strip them". The very reason theyslit the PGM and copper businesses. They probably realised the latter would be vulnerable or sometime to come and needed to protect the proven tech.

It was rising before the RNS Nelson and I think the posts were fairly positive but I wouldn't necessarily say that it was because of that. Certainly the sp has dropped because of management decisions but I am of the opinion that we would not be below NAV had there not benn several hundred million shares going cheap because of unrelated decisions by Fidelity and others. We can't put all the blame Leons way.

P1$$ing in the wind Nelson. No way we are going to get a new boss but a rearrangement of responsibilites already seems to have happened with the introduction of a serious finance director. I doubt things will be allowed to continue in the way the have over the last few years. We shall see. I would say however that the constant griping on here and other boards does the company (and therefore us) no good whatsoever. The only ones who benefit are those who want the sp down and those who bear a grudge. Constructive criticism is fine, destructive not.

Oh you do ask some awkward questions gotreal . However I think I know what he means but Leon has already said that "We aim to monetise those assets deemed as noncore, by divesting where we see fit and appropriate, to help deliver not only cash for growth, but the ability to further sharpen our focus that this rationalisation will allow," That, and concentrating on utilising the processing capacity that we already have the seem to be the objectives that we all want him to pursue before we buy too many more mines or wastedumps.