Jubilee Metals Share Discussion Threads

[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

[sb] 16/4/2024 10:26

No, I am not, Frog .... they were general comments about how words often are (mis) interpreted, that's all.

[frogkid] 16/4/2024 10:18

I agree. It is ridiculous to even comment on timeline if can't be met.

[pshevlin] 16/4/2024 10:15

I'm certainly not. All my cash is already invested and it makes no sense for me to see a lower share price Thks froggers. When he was talking to Charles he made a definite commitment to two weeks. If he wasn't certain he should have said so. It doesn't mean there is a problem.

[frogkid] 16/4/2024 10:09

Are you seriously implying that Shevvers is trying to talk the price down ?

[sb] 16/4/2024 10:04

OR of course if you are yet to become an investor, or looking to increase your holding, some short term negativity, if it quells enthusiasm, and the share price slides a little achieves what you (short term) want.... Sentiment is nothing more than a feeling, and if reading here comments that question the competence of management that make the reader pause or question their own decision making rationale and delay investing then they achieve the desired effect. And if punters are not influenced by what is written here, why do so many logon and read them and comment themselves every day?

[sb] 16/4/2024 09:49

The issue is Shev that statements are made expressing intentions which are then interpreted, for whatever reason, as deadlines by certain investors who then manufacture negativity around an imagined deadline being missed. We operate in a hugely complex environment and a politically charged one too and most investors can have no clue what is involved in achieving what has and is still to be done and how fluid time can be necessarily. It is only sentiment, and sentiment ALONE, that drives the share price, so constantly chipping away with little negative comments is self-defeating IF you are a genuine investor looking for capital gains.