Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Initial copper earnings figures look excellent, £3.2m from 1314 tonnes. If they can maintain or improve that going forward we’re going to fly from here.
Don't forget the gas price guys, that's gone ballistic in the last 6 month
Happy New Year all. Don’t think we’ll crack a billion mcap in the next year but could go close. 32p should be thereabouts.
Many thanks Truth and Justice, that’s clarified things nicely.
Well I for one see this as good news during an unprecedented period of uncertainty, and should further derisks the business. Everything on track, no major disruptions to any of the projects and puts any niggling doubts about potential problems or delays to bed. Onwards and upwards.
GLA
If you click inside the box you get the details:
https://bidstats.uk/tenders/?q=feedback+medical&scope=supplier§or=health#763035647-759169027-56
Posted on the other forum :
https://bidstats.uk/tenders/?q=feedback+medical&scope=supplier§or=health#763035647-759169027-56
Hi Ragnarr,
Another great find, I think we now have lift off.
Did you notice further down that document, at No.17 which is the Radiology award section :
"Feedback Medical (London)
Lot 1b AI Platforms
Reference: 023264-2021-2-2
Value: £360,000,000 [share]
Awarded to group of suppliers."
RNS out this morning and JLP are mentioned towards the end :
"In the event that Jubilee Metals Group elects to enter into a joint venture and design, construct and finance a processing plant for the JV Properties, Caerus and Bezant will subordinate their interests under the Joint Venture Agreement to the 15% free participation due to Jubilee under its agreement with Caerus"
Craig, interviews are planned ahead and both CB and LC should always agree in advance the questions which will be covered. Personally I don’t have any problem with the placing, I just think Colin didn’t have to put himself in the position where he pretty much had to lie.
And for what it’s worth, where Leon says this placing will be “strongly value accretive and add tremendous value” I take that to mean we will see multiples of this placing amount coming back in future earnings.
I think one of the key takeaways here is the focus on cobalt. It's hardly been mentioned in previous rns's and suddenly we're getting "Follows very encouraging cobalt recovery results from Jubilee's development centre" . At over $50,000 a tonne and given Leon's past performance in deal making, I believe another gravy train is coming down the line.
Still think CB is a liability and should be kept offstage. Absolutely no need for him to be interviewed in the first place, just left himself open to the placing question and of course, once it was asked, what was he going to say?
aimho.
GLA
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