Jubilee Metals Share Discussion Threads

[adejuk] 06/6/2023 07:08

and the gaps in the rns are noted.
nonetheless, good news

[adejuk] 06/6/2023 07:06

that's my opinion after 4 weeks in bed with life threatening covid :-)

[frogkid] 06/6/2023 07:05

Well that's out of the blue isn't it?

[kennyp52] 05/6/2023 19:33

Platinum price surging through $1,000 … that’s ok news . Copper starting to move up ..that’s ok isn’t it ? Very low cost of production .. that’s good news isn’t it ? Financing is the only real concern here imho .

[pshevlin] 05/6/2023 17:54

Is that your opinion before you took the tablets or afterwards? ;-)

[sb] 05/6/2023 17:10

Useful post ade ...

[adejuk] 05/6/2023 16:37

imo there is not good news on the way.

[goingforarun] 05/6/2023 10:26

14p…oh, those were the days!

[lights out] 05/6/2023 08:36

Leon won't do anything stupid. He put a halt on the cypress prospect because he knew it would have been a money sinkhole.

[pshevlin] 05/6/2023 08:33

That will still leave you with several zillion froggy. Re your post Tim, I hope you are not suggesting a possible fall to 2p. Fundamentals rather different now to years ago!

[sb] 05/6/2023 08:16

No you won't ....

[timhigginson12] 05/6/2023 07:57

The situation we are now in feels eerily familiar to what happened years ago. Leon was announced to be studying two financing offers of $40m each. The share price was 8p and shot up to 14p. The financing didn't get finalised and he share price fell back to 4p. Some time later the deal to buy the refinery to process the Kabwe deal took the share price down to 2p.
Financing has recently got a lot tougher and the outlook is not as optimistic. The dangers of over commitment have grown. Why over commit when we could expand in Zambia using only the new leaching although limiting the copper produced until such time as we can comfortably finance additional refining capacity. In the meantime we can afford the eastern PGM development and could put in the promised Zinc and Lead circuits. These latter circuits were slated to produce 2000 tons each p.a. which together will produce $40-$50m gross revenue. I would be happy for the whole Zambian deal to go ahead if we had a sound JV partner alongside.

[the_isolator] 05/6/2023 07:53

That's the big one too lights out

[lights out] 05/6/2023 07:52

I left out finance of projects - RNS.
LEON SAID JUNE FOR THIS ONE.

[lights out] 05/6/2023 07:49

Imminent.
Upgrade to Roan - RNS
Commercialization of Copper - RNS
Eastern Limb environmental license- RNS
Mopani deal - RNS
3RD party material COPPER Rom - RNS

AS YOU SEE LOTS TO COME VERY "SHORTLY"

[lights out] 05/6/2023 07:37

Could this be the week for a nice surprise?

[line and length] 03/6/2023 15:01

L&l agrees that Zambia is the growth story but JLP is still making money in SA and looking to expand there as well. In fact without the foundation built in SA they would not have got very far in Zambia.

[petersinthemarket] 03/6/2023 13:57

Thanks for responses - a few raw nerves here I think. Peter is very interested in Zambia, very interested indeed, and as this is plainly the new target for JLP it seems that they are also disllusioned with South Africa and are looking to engineer a way out of there. Same as me. Have a good weekend.

[pshevlin] 03/6/2023 09:59

Peter only arrives on here to spread disillusion. Ignore him. He's been rabbiting on ad nauseam about SA for months.He is not interested in Zambia at all.

[aceshi] 03/6/2023 07:54

AdeI'm not sure what gave you the impression that I don't subscibe to the concept of market cycles. I've been around, perhaps not as long as you, but I certainly believe that cycles and BTW that includes the climate, are a fact of life and investing. And of course the global economic situation, would have an influence on the performance of every company operating within that global economy. The problem is, there's not much management can do to mitigate a global economic and in turn metals downtown. I was merely suggesting what they perhaps could do. This all begs the question, why would you not significantly reduce your exposure in JLP, like some of us did? Knowing that China's economy was showing signs of heading into a period of prolonged slowdown, which in turn was always going to put pressure on the metals market. Additionally, we were all aware that the global economy was moving into a cycle of high inflation, resulting in rising interest rates. And then "the war"

[moneyman50] 02/6/2023 18:52

Peter -do you not realise that if all goes to plan most of Jubilee’s the majority of future profits will be derived from it’s copper and perhaps cobalt production in Zambia where it appears to have the Zambia’s Government support .In the medium term they are hoping to produce 50,000 of copper from Zambia (plus cobalt when the price recovers).If this target is reached the South Africa operation will be a minor part of the Jubilee’s overall operation