Member Info for welloilbeefooked

This is like a game of pass the parcel. You can make money while the music's playing but when it stops the people holding shares get Trevored :)

Looks like the Kabwe environmental lobby is gaining a bit of traction. JLP gets a mention too.
https://www.themastonline.com/2021/07/28/the-lead-pollution-in-kabwe-is-a-scandal-says-bishop-mulenga/

I think I’ve been a tad over exuberant Mikie at 5000, but if I’m anywhere near I’ll be expressing myself through the medium of dance, quickly followed by a couple of my favourite malts.
GLA

Thanks JLP

Thanks NS, so copper earnings have been booked in last year's figures but am I right in thinking we've not had the actual production volumes yet?
Cheers
WOBF

Morning all, this is taken from the RNS on 10th November 2020:
"In Zambia, the completion of our acquisition of the Sable Refinery has allowed the Company to become a copper producer, early on after acquisition. The acquisition of the Sable Refinery, brought into operation in December and January, adjacent to our Kabwe tailings resource, has provided Jubilee with the opportunity to enter the copper arena in the country, where primary deposits are still readily available from third parties on various scales and in excess of 1 billion tonnes of dump and tailings material exists. We produced and sold our first copper cathode from tails in March 2020 and has since brought the cobalt steam on-line. The refinery has reached full operational readiness to step up production in-line with the commissioning of our copper tailings projects."
So my understanding is Phase 1 of Roan is complete at March last year, targeting 250 tonnes per month and ramping up to 400 tonnes. Am I correct in thinking we're going to get production figures for 15 months to the end of June 2021? If so, I'm going to have a stab at production of 5000 tonnes.
AIMHO and I stand ready to be corrected.
GLA

Surely could be useful in a primary care setting too? GP doctors connecting with others for opinions etc ?

https://citywire.co.uk/investment-trust-insider/news/gervais-williams-podcast-i-ve-been-waiting-30-years-for-uk-micro-caps-to-shine/a1509281
Starts talking about JLP about 8 minutes in. Still the top holding in the fund and still very bullish.

Don't know if this has already been posted but just found the following in the Tharisa trading update rns from 19th May :

"In terms of section 3.4(b) of the JSE Listings Requirements, companies are required to provide guidance to the market when they are satisfied that a reasonable degree of certainty exists that the financial results for the current reporting period will differ by at least 20% from the results of the previous corresponding reporting period."

So maybe an update will arrive sooner than mid July ?

GLA

Every little helps but the gamechanger here is every fully electric car needs around 80kg of copper.
JLP is in the right place at the right time with mountains of a very scarce metal which is in very high demand. And this set of circumstances looks to be set for the long term.
GLA

Me too - been in the shadows for over 4 years :)

should read 0.5p higher

To be fair, that particular UT stuck out like a sore thumb Northman. Why would someone be paying a full 0.5p after the close when they can buy prior to the close at a much lower price? And it was a decent sized trade. Fun and games for sure.

Hi Jonah - they only do it because it works! :)

Shutts - looks like the MMs are short of stock. Old trick to close with an uncrossed trade at the close of business at a higher price. They'll open tomorrow back at the lower price and it makes people believe there's a sell off going on. Big buy order being filled perhaps but they certainly want folks to sell.
AIMHO

Interesting snippet in this morning’s RNS - “ Copper prices continue to be buoyant trading at just under $10 000 per tonne at the time of writing and with current operating margins, early earnings from copper and cobalt production are set to increase”
My reading of that is we’re already producing cobalt?

Ask yourself this, if this was such a bad RNS where was the big sell off prior to the market being informed ? Smell the coffee guys!
As people keep posting rubbish about very low grades the door opens up for the mates' rates. But hey ho, if you're not happy with your investment, hit the sell button. Simples!

BL also confirmed there will be a quarterly production update in early April so only a few weeks to go for that. Should also put more wind in our sails.

Great post Balanced66. The key thing for me is the upside from our existing Egypt portfolio which will all be funded from existing free cashflow. Remember, we have 35 drill targets with a historical success rate of 80% - yes 80%!
Absolute no brainer investment for me and I'll be adding at every opportunity. Now my second largest holding behind JLP but that may change.
GLA

Agreed Bushy, some people are invested here but quite obviously don’t understand the basics.
My advice to those people is to read the whole RNS and then start googling the bigger words.