Jubilee Metals Share Discussion Threads

[eblitz1] 16/4/2024 21:29

SB
I CANT GET INYO THE ZTTICLE EHICH DOUBDS VERY INTERESTING IS THETR ANY WSU YOU VOULD RESEND ITALREADY OPEN THANKS

[sb] 16/4/2024 19:41

This article expands on what eblitz is saying.... The Arabs have the money and we have the skill.... IRH also have their sights set on Lubambe Copper mine about 100Km north of Kitwe... but Chambishi is between the two..... Its a match made in heaven ....

[frogkid] 16/4/2024 19:37

Thanks. You might be into something.

[eblitz1] 16/4/2024 18:11

Frogkid
It's just logic, JLP have something that needs unlocking quickly to stay ahead of the pack. IRH have the resources not only in cash but in other mining assets and they are looking to advance BIG TIME into Copper. It's a match made in heaven, There is a US Company and I can't remember their name who have major investors like BMW etc etc major Directors from huge mining Companies and they have a process but they haven't done anything yet and they are valued at many times the value of JLP. Leon and Co need finance and the clout to get other assets. IRH came in very late to the game for Mopani I think is the site and they got it, IRH went in very late for a deal that the Chinese thought they had and apparently they got it.This deal if there is going to be one would be fantastic for both. The money and clout together with the know how and process. Do you think that the Zambian Government would be giving Leon and Co all the attention if the process didn't work. It's a win win The only thing to discuss is the price. That is where Slater get's involved, he would want a return on his original investment. Someone with more intelligence than me should try and put a value on the Company. But if in 24/25 they are going to make around $50m on Chrome and if they do 8k tons of copper oxide when the price is $9500 per ton that's another $45-50m, and the next year would easily double. You work it out.

[frogkid] 16/4/2024 17:48

What do you base this conjecture on eblitz?

[21ant] 16/4/2024 17:25

Also to be clear about the 'site visit' off the back of the EU Business Forum. It wasn't analysts so I'm not expecting anything. They cited the following as attendees:

Potential EU investors, EU enterprises, the mining companies, copper fabricators or recyclers, DFIs and the banking sector, Zambian enterprises along the copper value chain, Zambia Development Agency, Zambian Manufacturing Association and Chambers of Commerce, EU Zambian Government, EU Delegation, EU Member States

Objectives:
Show case investment opportunities for copper value addition in Zambia
Facilitating partnerships between the European and Zambian enterprises along the copper value chain

This was the format:
2 full days in-person event and field trips on the third day
Free participation for successfully registered companies
High-level opening ceremony by the President Of The Republic of Zambia and high-level EU representative
Participation of key Zambian Ministers
Networking events
Plenary discussions as well as parallel sessions by sector
Side events
B2B and B2G meetings
Exhibition space: 20 booths for companies and other agencies
Field trips to Mopani, KCM, Jubilee, ZAMEFA, Neelkanth

Just good to be involved at this level

[chozza] 16/4/2024 17:19

I worked in the IT and telecoms industry for many years mainly in sales.
Heads of agreement, letters of intent and memorandums of understanding were thrown around like confetti. Not all these deals came to fruition. Until you have signed contracts you never counted chickens.

I am not hung up merely uneasy.

[stockhunters] 16/4/2024 16:52

gold and other precious metals moving back up again, small pullback copper but still on recent highs

market makers shook a few out on wider market which you would expect to bounce back hard shortly

few more cheap shares for me today

[eblitz1] 16/4/2024 16:47

Why is everyone getting so hung up over the announcement of the IRH deal,They have announced that they are going ahead, it is the formula that is being discussed and I am pleased it is taking longer than everyone thought as I think that they are going to take a stake in JLP. IRH have mines in other places but they certainly don't have the expertise needed to push the projects in Zambia and maybe other places forward.
It is probably the price of entering that is always the sticking point. That is where Slater will be heavily involved. Maybe I'm wrong but IRH getting on board would preclude anyone else making a bid as IRH would never need shareholders approval to do the deal and they could blow anyone out the water if they wanted the asset.
The price paid would easily be covered by the first OB1

[adejuk] 16/4/2024 16:11

reeds in the wind

[adejuk] 16/4/2024 15:36

ignorance is ignorance

[line and length] 16/4/2024 15:19

I think Leon also mentioned in one of the recent midweek podcast that it was fair to say that IRH's focus during Jan/Feb was on formally concluding the Mopani deal. Now that's done it's likely their focus is firmly on concluding the JLP deal. I think we will hear pretty soon.

[sb] 16/4/2024 15:13

The operative word, repeated several times is AIM.

[888icb] 16/4/2024 15:10

They had a number of analysts out there last week non of whom appear to have issued reports yet. Do you really think they have taken analysts out there to report on bad news and failure to meet deadlines? The news will be delivered soon and the analysts will issue their reports and probably upgrade their target prices.

[chozza] 16/4/2024 15:00

SB,
I'm just saying what they told us, and the market via RNS.

RNS 23 rd Jan 2024
"According to the terms of the funding term sheet, IRH and Jubilee will aim to complete the implementation of the SPV with the aim of completing the project implementation detail and timeframe and associated appointments by 31 January 2024".

RNS 12 December 2023
"Jubilee's technical services team has commenced extensive resource definition and process technical review with the aim of completing the project implementation detail and timeline within the next 60 days."

We have had no further information about the implementaion of the SPV nor about the project implementation detail and timeline.

That is why I am uneasy.

[adejuk] 16/4/2024 11:32

pl ant, not now.

[21ant] 16/4/2024 11:25

I wouldn't worry about it. The interview was 25th March and he said they were on track with Roan (all hands on deck) and we would hear news about IRH in terms of size, how they implement and how fast. This news was 'about' 2 weeks away. For me, anything from 1 week to 4 weeks is fine. We had an RNS on 28th March confirming that IRH had exercised their right to form the JV. That's the first step so news on next steps could come at any moment.
Whilst it would be nice to hear progress steps with Roan, we may not hear until the end of the month.
Q3 Ops update due 2nd week in May but was 2 weeks early last time so again towards the end of April possible and this might all get bundled together.
Lots of other negative macro events that will naturally pull this back with no news just like any other stock so a bit of patience required although news can drop anytime now.

[sb] 16/4/2024 11:25

Chozza, you perfectly illustrate what I have said: "when Leon sets expectations then fails to deliver......" He didin't PROMISE anything....the word was PROBABLY two weeks.... You blame him for the slipping share price whereas it is punters choosing to interpret his words a particular way and acting upon that interpretation that actually are responsible. With regard the fund raise "we raised that capital to get it up and running AFTER CONCLUDING THE TRANSACTION WITH IRH..." Yet you still doubt it going ahead?

[adejuk] 16/4/2024 11:23

it's about comms, not production or progress

[sb] 16/4/2024 10:59

His words in the Archer interview were that it was PROBABLY around two weeks for news flow.... Given that they did a fund raise and have invested months of time and committed money to manufacturing modules for the project, ask yourself, would that have been done if the stages laid out to fruition were not just formalities? Would the CEO and CFO have committed such resources if there was ever any doubt that it is going ahead...??

[luckykids] 16/4/2024 10:27

Hi sb. I don't think in the scheme of things what is written here makes much difference. Sometimes you feel the need to vent even though you hold and want the shares to do well. Done it myself on shares that I hold, just frustrated, my latest being on avacta but doesn't mean I don't want them to go up just like jbl