Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc. Watch the full video here.
First bought in 2010, but sold in 2013. But then started buying again from April 2014 and continued to buy until August 2018. Lots and lots of them. Held all of them since 2014 and continue to hold.
Put me down for 40p
The discussion about Tharisa and Sylvania at around 9:53 also very interesting in the context of JLP. On JLP discussion and conclusion he slams the WHI 21p forecast and says it will double from here when it gets beyond 17p.
18.50
“The amount of capital allocation that has gone into the sector has been very subdued for eight to nine years, and that has continued. In essence, it’s just maintenance, with very little in the way of new ounces coming to the market. So, in our view, the sector is looking sustainable and very cheap at current multiples.”
https://www.moneyweb.co.za/mineweb/three-asset-managers-divergent-views-on-platinum-stocks/
How reliant is Jubilee on chrome income? Shareholders may just be able to emerge from this pandemic fairly unscathed.
"The European benchmark ferrochrome price increased nearly 13% to 114 US cents per pound for the second quarter of 2020, said Merafe Resources. This compares to an average of 101 US cents per pound during the first quarter.
The improvement in prices may reflect a general pick up in industrial activity in China which is emerging from COVID-19 related lockdowns."
https://www.miningmx.com/trending/41461-european-q2-ferrochrome-price-revives-in-much-needed-boost-for-sa-chrome-producers/
SASOL (JSE listed - SOL - with ADRs listed in the US) was slapped with a class action in the US this week for reasons of it and its directors making "false and/or misleading statements and/or failed to disclose that: (i) Sasol had conducted insufficient due diligence into, and failed to account for multiple issues with, the LCCP, as well as the true cost of the project; (ii) construction and operation of the LCCP was consequently plagued by control weaknesses, delays, rising costs, and technical issues; (iii) these issues were exacerbated by Sasol’s top-level management, who engaged in improper and unethical behavior with respect to financial reporting for the LCCP and the project’s oversight; (iv) all the foregoing
was reasonably likely to render the LCCP significantly more expensive than disclosed and negatively impact the Company’s financial results; and (v) as a result, the Company’s public statements were materially false and misleading at all relevant times." xxxx://pomerantzlawfirm.com/assets/complaints/ssl.pdf
There are plenty of calculations, forecasts, opinions, innuendo and guesswork on these boards in respect of all the projects that JM are busy with. Hopefully the results presentation next month will clear all of that up....
Samancor shedding jobs
https://mobile.reuters.com/article/amp/idUSL8N29P3EA?__twitter_impression=true
If you are out of this now you are crazy! Get the impression that there is a lot that is not known about all JLP is doing and have going on.
Here are a few notes from the Crux Interview:
@19:15 Leon is asked about the share price and value of the company and the impact of Kabwe thereon. Leon says Kabwe is discounted by market and he is convinced the value of Kabwe is still to come "The shear magnitude of the opportunity is lost (on the market)"
@23:10 Last year we had 2 projects and this year we have 5 and soon to have 6 projects running. He then talks about an opportunity in Chili?
@26:10 Have not yet cracked all efficiencies. Still improving and bettering margin.
@27:42 Apart from rolling out fine chrome (talks about Ultra Fine Chrome) to own projects, also rolling out out to the market - where is this happening?
@29:00 when asked if sticking to what he knows re current metals he answers that JLPs processes are transportable to other metals. Market is massive and space for plenty other entrants. Earlier on in the discussion he however talks about the barriers to entry and the risks associated with tailings if you do not know what you are doing.
Next week is likely to be massive once results are out. DYOR
With all the dilution that happened over the years, does anybody have a summary of the market cap/issued shares for JLP over time overlaid with the share price as opposed to only the share price movement?
It appears as if Leon is aiming for the big white horse ride into distressed and polluted sites to save the day. This could work if more pressure is put on companies by authorities to clean up behind them. Lots of tailing, but also lots of interest by other players. If JLP not first mover they will miss the window of opportunity.
Good things to come if they can secure more tailings soon! On their own, the SA assets will run out of steam in the next year or two.
https://www.businesslive.co.za/bd/companies/mining/2019-09-17-kabwes-pollution-headache-is-jubilees-big-opportunity/
Suspended on JSE it appears
Any movement on the SP will likely depend on a few factors linked to Kabwe, such as confirmation that the ZCCPC (Competition Commission) approved the Sable deal and secondly that Jubilee commenced with the upgrades to the Sable Plant. A delay with the Sable plant will result in the market losing interest again.
Of course a notable deal with a major SA minor re tailings would cause a stir in the price. Until then, Jubilee will be treading water.
Agreed MH. it is confusing and your explanation must surely be correct.
6 Aug RNS "In the event that the Acquisition is implemented, BMR will be granted a 12.5% Royalty interest in the distributable earnings generated by the Project, but only after Jubilee has secured at minimum a 20% return on its investment into the Project and all costs, taxes, liabilities and depreciation of the Project have been accounted for, save that the aforementioned Royalty shall be reduced to 11% of earnings in the event that Jubilee’s capital investment into the Project exceeds US$ 15 million."
Taking a proper beating.
Well the interims expected tomorrow will hopefully shed some light on its pedigree, or lack thereof.. and the new shares admitted on Thursday may well create some more flux, but hey here we are holding on for all we have in the hope that the dog barks and does not go down with a whimpering
December 2018 Interim estimated to be released on Tuesday, 26 March 2019.