Member Info for shuvlin

We can give him a rather large list!

They did say they would be trying to source more of the equipment "in country" Edzi so maybe that will include electrics.

Nimrods post exemplifies why we are still bumping along the bottom here. Apart from long term holders there is a great deal of ignorance about the current situation as against what has happened "in the past". The size of the change has not yet been grasped by most parties. When they do get it they will deservedly pay more than they might have done.

The simple answer to that is that we have a big seller(s) and they are content to let the shares get mopped up at the current sp. We obviously need the buyers to outnumber them or for them to run out of stock before we can move up.

"Renewable" Whatever you get you seem to want more Summit. A lot of money will be made over the next three years and Jubilee will be in an even stronger position to negotiate. Isn't the sp low enough for you yet? Maybe you should set up a rival site to Charles Archer. I'm sure his followers would desert him instantly to follow such a sage and selfless pundit.

Charles Archer today sums up:-

"The chrome business has jumped to multiples of where it was, and then there’s the deal with IRH that could add further tens of millions to the market cap when it gets cracking.

The share price is a steal, and the re-rate will happen shortly."

Everything 5.6 and above is a buy.

If only it meant a few buyers would drive the sp higher. It never seems to work that way. Casino always wins.

I just don't get the mentality of some people who own this stock. A very good piece of news and the prospect of a large increase in production and earnings up th June 2025 and they are happy to sell at a ridiculous price that is half of fair value suggested by a respected broker .

Dcode. What the hell do you know? A master of meaningless one word posts.

I point you to what you said to Gray Sumoskier.

"Gray, if JLP are that bad why not move on and invest elsewhere?"

Not one for taking your own advice? If it was ONLY down to waiting until the 25k tone arrive you might conceivavably have a point but there will be many who want to get in ahead of that once the direction of travel is certain. Zeus fair value is already double the sp. Sooner or later someone will take notice.

By end of 2Q 2025? That would seem about right to me Bluebelly as long as everything goes reasonably to plan. that will do me as the expansion from there and subsequent earnings for the next few yearsvcould be enormous.

2024 figures were always going to be poor because of the rapid development phase and the amount being spent on it. People who aren't idiots will look ahead. Even the Oak Bloke says it's not just jam tomorrow it's Jam from Harrods.

Spent ages spacing those out but unfortunately doesn't seem to work when sent to a post.

These are likely to be more accurate figures. Fair Value at present on the basis of these 11p

Financial forecasts from Zeus Capital

Yr end Jun (GBPm) 2022A 2023A 2024E 2025E

Revenue 140.0 141.9 167.0 208.3

yoy growth (%) - 1.4 17.7 24.7

EBITDA 35.9 24.5 21.3 41.7

EBIT 25.6 15.5 13.3 32.1

Adj. PBT 26.5 12.3 8.8 31.6

Adj. PAT 18.4 13.0 8.3 22.1

EPS (p) basic adj. 0.7 0.5 0.3 0.7

EPS (p) ful dil. adj. 0.7 0.5 0.3 0.7

DPS (p) - - - -

Gross cash 16.0 12.6 7.2 12.8

P/E (x) 8.4 12.8 22.0 8.3

EV/EBITDA (x) 5.5 8.0 9.2 4.7

Div yield (%) - - - -

Thanks for the link Extrinsic. I look forward in 2025 to them bumping that estimate up considerably.

Lets hope it's a lot clearer to the CFO.

What's going on here? My capital letters keep disappearing in some posts.

elprofessor. you make a good point that they may have swung too far in forecasting such a low figure for copper. maybe they think it absolves them from making enough progress but i think they are wrong about that. with all the facilities they now have in place and by all accounts working they will soon be forced to provide more ambitious figures for production. i would imagine slater is on the phone already. lets see what happens at the agm or the next webinar. no-one expects them to keep talking up 25k for end of year '25but as sumoskier says it's a bit lazy and makes them look as if they are happy to sit on their ****s.

He did explain why they were only forecasting that for those who were listening. Updating forcasts on a regular basisn throughout the year.