Jubilee Metals Share Chat (JLP)

Perhaps we first should get technical details properly explained to all investors. It continue to be optimized, but I don't get it what is optimized. They feed high percentage of ROM copper ore through Roan 30,000 tpm. 1.6% ore and 75% recovery rate should yield 360 tpm of pure copper. Quarterly 1440 t copper. This besides the stockpiled copper fines. This seems not the same as production figures from Jubilee. What is actually going on? Lower grade ore, or running at less tpm or lower recovery rate? This besides copper fines. Front end supposed to deal with lower grade waste material from LWP? I am confused.

He really needs to let us know why the Front End is such a dud? Even if it can process 10 000 tons of ore a month its no where near its original design.

They have had 2 years to get it working after the water and electrical and paint issues. Time to let us know why its just sitting there??????????

I do find it odd when there so much to do at the original Molefe they want to spend money they don't have on more exploration.

Look how long it takes to develop 1 molefe... its going to be another 12 months before we see anything built there if it even happens. Rainy Season starts in November and I doubt there will even have the plans approved yet... they already said they have to do redesigns because of the fuel price hike... utter rubbish.

@Kalan I completely agree with regards to Roan, LWP, etc.

The only thing propping up the share price is uncertainty/FOMO around Molefe. Last summer the was talk of Molefe having 5% copper grades at the surface. It was going to be a Tier 1 asset / superpit. Strangely, the narrative is now shifting to the southern ore body prior to the JORC being released.

This, to me, is a giant red flag. It suggests, to me, that the drilling results have been very underwhelming.

Management know that the only thing propping up the share price, and their jobs, is the perceived potential of Molefe. If that turns out to be a dud, they're in trouble. That's why, in my opinion, we're seeing the narrative shift. Management are getting ahead of the underwhelming results and are lining up another unknown to keep investors interested.

With regards to the current clamouring for news to help lift the share price, it might offer a temporary sugar rush (and a trading opportunity, if that's your thing), but the only thing that's going to move needle is decent production.

Given the track record, don't hold your breath.

I know I keep shouting it, but to have any hope of a turn around, jlp needs new and experienced leadership. Surely even the strongest supporterw must now agree the performance of the CEO is not good enough? Perhaps he is technically very good, but as a CEO? Communication has been shocking, nothing is ever when it is promised and I can't remember the last time they were anywhere near a target (which given how low they were, we all thought he was being more realistic at last, but sadly not). There are serious questions over the judgement/ agreements in regards to chrome and pgms that instead of being a success and profitable in the upturn, were in fact loss making and forced jlp to sell the lot. This is the responsibility of the CEO.

Everyday I read many comments on here that don't make any difference. The way we can make a difference is together trying to bring about much needed change. Id hope new leadership can steady the ship, restore confidence, communicate effectively, timely and accurately while leading and motivating the jlp team. I am particularly curious of got real, sies and others on here's view. Surely we must join forces, even try to harness institutions, to try and bring change that is in all our long term interests as shareholders? It cannot carry on any longer as is.

@Iluvise68

The investment didn't gain shareholder approval and has been converted into a loan with an unknown interest rate.

4EL: "@gotreal so for the last 2 years or more, they were unable to buy? " Did I say that...??

Yes but the investor is putting in £ going direct to the company for investment/growing the resource base (not the SP).

@gotreal so for the last 2 years or more, they were unable to buy?

Just how long is a closed period??

Leon hasn't bought a share in over 2 years. Why would he, when he gets them for free?? Apparently he'd rather invest his millions he earns from Jubilee somewhere else!

Buying shares is for the mushrooms out there. Just keep them in the dark and feed them bs.

Unfortunately that formula isn't working anymore. The mushrooms are asking questions. That's not good for management.

I've double checked my receipt from when I bought my last batch of Jubilee shares. I definitely didn't buy any of his bs.

BU, Just to be facetious if anyone was buying millions before an RNS at least it would provide some element of support to the SP which is surely missing at the moment!

You might get production after a few months but margin won’t be known until next year? Long time to languish!

Sumoskier. My understanding is that Jubilee will produce at least 200 tonnes of copper cathodes from July 2026 from copper fines and Molefe Mine with a high profit margin . The market is not convinced till they report on production and till than the SP will be subjected to anxiety, fear, and past Zambia performance AND will go down. Loyalist and believers try to time when to climb in and add to total shares they have. Once a positive report is released the share price will jump by 30% or more.

Harm, asset values are irrelevant here. At the moment you have a CEO who is not willing to provide a production forecast due to past failures. This simply means that the company does not appear to be running at a break even or better level and is spending money without a surety on what that spend is going to produce? This means a slowly decreasing value as it runs down its cash? Not what was promised? A fully funded adult capex plan as far as I remember?

Chatmandu, yes the market makers automatically lower their bid prices when buying momentum dries up to protect their own books. This creates a painful, grinding downward trend that completely ignores fundamental asset values as we witness these days. So, share price could go even lower and behave in a disconnected way without any new update about production or other initiative. So, ideal time to lower average share price if you got money available and in position to wait 1 - 2 years.

I beg your pardon Chatty. I misread your posts intention. Wouldn't want to spoil the end of another beautiful day!

And when was this, troublemaker? :"I remember Gotreal message to go on holiday and come back in August 2026. Seems to become a reality. "

The Share Price is down again and without any positive news it will not move up, but could even go down more in the Month of July 2026. Investors are in a wait and see mode and some gamble that price will dip even further and sold share to climb in at at lower level.

I remember Gotreal message to go on holiday and come back in August 2026. Seems to become a reality.

JV LWP news will most likely not come forward in June 2026 and further eroding trust and confidence.

Bottomsup updated us that JORC likely will be released in August 2026. Perhaps to wait a few days, or weeks before adding at a lower SP.

Wishing all a good weekend and enjoy the world cup soccer in North America. I support the Netherlands and South Africa.

Used very round numbers and with an expectation of rain loss. It was more to try and get an agreement on the broad throughput? I’m thinking at this level JLP will be at least break even on an ongoing basis?

Not sure of your maths there Sumo. Are you assuming a 10 month year and knocking off a couple of months for rain.

Hopefully we should lose less production to rain this year if the statistical phenomenon of reversion to the mean applies. The rains last season were truly biblical.

My take is that going forward, from broadly July, the run rate production will be roughly 5kpa being 250tpm from Molefe fines/ore and 250tpm from Roan. Understand margins are different by channel?

Due in August on the JORC

Colin said they may Announce some of the drilling results before hand.

Drill results for phase 2 must be due soon

Gloria

*All of your posts seem to highlight this Prescott character?

As Mick McCarthy would say ….

Agreed Mikey. That's why we stay invested. Living in hope that this ship IS being turned around, while the captain is confined to his quarters.

It can't get worse? Can it?

Hopefully the only way is up.

Had JMK not have turned up, i would have sold out by now. He is gradually making something of Leons mess. I believe we will soon enjoy the fruits of his labour.

Agree on JMK Seis, he is excellent IMO

Seis, almost goes back to the same point ie. Leon not providing a forecast? If you can provide an estimate why can’t he. Just makes that smell again of something’s wrong? As for the higher costs hopefully these are offset by the higher Copper price? Sumo

A turnaround for me would be, as a first step, achieving breakeven on copper production. Once that is achieved (assuming it is!) we should be in a better place, with cash coming in from One Chrome and future expansion options across the current Molefe mine area and wider licenses, along with a JORC planned for the end of the year which will hopefully allow investors to put a value on the mine itself.

Once Molefe scales up to 10,000 tpm of RoM to Sable at 1.5% or more grade, that would be 150 tpm contained copper, or 450 tonnes / quarter. If you add that to Roan production of something like 900 tonnes / quarter. You would be on an annual run rate of ~5,400 tonnes / year. Stepping up from there would need the ore sorting system in place which is going to be several months away. That should push the annual run rate up over 6000 tonnes. Hopefully that's enough to breakeven although costs are significantly up compared to what they were expected to be.

LWP realistically is still months away from any kind of production even if they announced a deal this week but just getting it signed and sealed would be a big plus.

Surely a turnaround would be actually delivering Copper ahead of the supposed 5 year plan rather than just pushing it back!

@HarmProf I would consider a turnaround when the sp actually starts going up rather than down as it has down for 4 years.

Turn around=more money for me!!!

No. Two planks.

Why do ANY share options need to be attached..? you plank

Whatever volumes are achieved a clearly understandable plan with dates attached needs to be presented to get Sable to full capacity. I don't even mind if a few* share options are attached to progress as long as it happens.

* very few that is.

The big test will be how much Molefe/Sable produce end of September 1/4 and are Leons numbers correct.

Sumo, you may be right and no doubt there have certainly been failings over a prolonged period of time from a copper production standpoint..

One thing which I can say is we did get some decent assets at the right time so even with limited production the value of the copper in the ground has appreciated - the LWP is an example of this, as is Molefe which we got for $1.5m from memory. G is also another example but on the back burner and rightly so if the potential for Molefe is to be believed.

Ultimately Leon needs to come up with the goods an quickly or I can't see him being in post for much longer.

ATB Northern

Northern, having read through the RNS's again, I think what is labelled as "phase 3" in the presentation is actually phase 2, that's the drilling which I showed with light blue pins in my map, heading ESE towards the license boundary:

https://www.dropbox.com/scl/fi/ij15n8g40rrxz4pivz066/Molefe-Drilling-1.pdf?rlkey=5ssgmzopli5tjw5c5cutrtvcl&st=ccg3v3nu&e=1&dl=0

We don't have any drill results for that phase yet I don't think. It's a bit confusing that they seem to have started numbering the drills at 1 again. The only assays we have seen are from phase 1, which is within the current mine area. From what I can gather, the 250m mineralised extension was discovered as part of this phase 2 drilling (announced in 25th March RNS) and that mineralisation remained open as they continued that phase 2 drilling. To give an idea of scale, 250m from pit 1 would be about half way to the license boundary so still potential for that to increase significantly.

HD from the drill results and maps provided you can see where the drill holes are in relation to the pits so there is information available about those areas. Looks like the best areas go past pit one in a SE direction

ATB Northern

When they first starting extracting at Molefe the initial cores showed copper down to 80m, the drill depth. "What about Pit 4 to 9... not much said about them. " They don't owe you a blow by blow account of what is happening day to day! You just ask a stream of pointless questions that no one can answer because it breeds uncertainty.

As for Gold, for those who are interested in precious metals, you may like to read this update form Abra Silver (ABRA:TSX) : https://www.newsfilecorp.com/release/302445 25 year mine life and an AISC of $20/oz ... It will bounce on open.

Whats important is how many years can they mine Pit 2 and 3. How deep can they go... too many unknowns. What about Pit 4 to 9... not much said about them.

What about the gold Leon spoke about?

Bottomsup, no one is keeping the share price down. The company is effectively doing it itself. It is unclear on production and cost of whilst it continues to spend money at a prodigious rate. Leon saying he wasn’t going to provide a forecast was the final straw with any support dropping away. I think he should go because he is overpaid and evidently doesn’t want to stand behind any numbers?

I found the information regarding drilling in the recent presentation to be confusing and contradictory. Which phase of drilling are we currently in? What has already been completed?

I plotted out the map from the Mine Plan presentation:

https://www.dropbox.com/scl/fi/ij15n8g40rrxz4pivz066/Molefe-Drilling-1.pdf?rlkey=5ssgmzopli5tjw5c5cutrtvcl&st=ccg3v3nu&dl=0

On it I've included the drilling locations that were in the recent presentation as "Phase 3". You can see that they map onto the box "P1" which is labelled as "completed exploration drilling". I confirmed this by looking at satellite images which indeed show that there has been drilling at those locations. So we can assume that these locations have already been drilled. The presentation talks about upcoming "phase 2 drilling" but I don't see how that can be the case when phase 1 and 2 are at the current mine location and phase 3 has already been completed!

I also overlaid those same "phase 3" drills on the EM map, along with the planned expanded pit and waste dump location. I'd like to know what the locations in dark blue are for... they were not indicated at all in the latest presentation. Are they exploratory trenches perhaps?

https://www.dropbox.com/scl/fi/ac37ho4alivhhwdqa6l8k/Molefe-Drilling-2.pdf?rlkey=78v431sd9688lc1175iweys36&st=f73elw3v&dl=0

Share base payments note 23 page 150 and 107 on the annual financial statements

Leon has 23 510 000

Employees and service providers 25 173 332

At a pence strike price.

Not sure of AIM but JSE requires directors dealing to issue a SENS.

This option exercised was definitely by an employee leaving the company. Cause this was their entire share options in the company.

Just wonder if Leon is actually going to add any value here? No sign yet!

British Bulls must be following Kalan's charting.

Hopefuly a bottom has been formed and we can rise from here.

BB

As of yesterday.. BUY

Gotreal! Jubilee is undervalued mainly because of the blue sky growth sales pit of LC. They will finally arrive at a point where Roan and Molefe start producing stable and increasing copper output. Within six months the share price could or most likely will double and why is there a hurry to dilute share price to what seems to me only to benefit a private company to get priority access to shares at a discount? Why commit to an unsecured loan when the debt to equity ratio is more than healthy? Yes, the share price would benefit from announcement that big player is now on board and these discussions were on for many months, and above all the interest of small (retail) investors were put at a lower priority (on going process). So, Jubilee to offer share price with a 50% premium to Capstone/Mantos team seems to be a better option for the existing share holders. Jubilee to wait 6 months and share price will be higher due to Roan production (copper fines, perhaps front end module) and increased copper production Molefe, and most likely LWP JV announcement.

Thanks Gotreal

Harmprof , the SP may well be undervalued but JLP don’t help themselves. If you take the tank house at Sable they’ve always spouted on about 14k production capacity. In the last presentation suddenly it’s actually not as it stands because they have to fit out one half of the tanks? Real capacity is therefore more like 7k (guess). Not exact lies but also not the truth? It’s this kind of statement stretching that has created mistrust in management. You can only rely on backward facing real production because the future is usually smoke and mirrors!

You can't wriggle out of it that easily troublemaker.... You said the investor would be getting shares at a massive discount... that can only mean relative to the market price.... Not relative to what you think the share price should be. Don't make s;h;i;t up ....

Frog, Capstone is mentioned in the RNS.... "The investor holds a successful track record in the development of various copper projects and formed part of the team behind the development of Mantos Copper and its subsequent merger with Capstone Copper (Investor)."

Gotreal, I think the share price is undervalued and thus at a massive discount. Market is looking backwards, but investors look forward and not sure how you interpret this, but share price will be soon up with consistent copper production and JORC result, and maybe the announcement of JV for LWP. We agree to disagree.

A nice double bottom shown in JLP chart - best since the Cheeky Girls in my opinion * (others may cite better double bottoms seen in women's beach volley ball, who am UI to argue).

* note double bottom does not refer to the JLP double ar..s, they are a different matter altogether.

Back in the real world, oil prices tumbling and hopefully the bends of Hormuz opening up a bit may see diesel and material prices falling which will ease pressure on JLP cash. That's it here in bats..t bo.kers Britain

A quarterly rise on production will lift sp? Well that depends on the aisc and resulting profit...however nobody knows what that looks like!

Or just a wilfully ignorant person like you jolly.Haha. Please tell me what was incorrect about my last post.

Careful forest. The thought police might label you a fascist.ha ha

Then an announcement of the LWP partnership sometime this year will be the cherry ..

A quarterly on quarterly rise in copper production should increase the share price.... at least that's what I'm hoping...

Pillar 2 Strategy

Molefe, in that context, is more than a single asset. It is the main near-term proof point that Jubilee’s Pillar 2 mine-to-metals strategy can be replicated across multiple spokes feeding its Sable processing hub.So called 'Project G' is another identified copper opportunity within the same three-pillar strategy, and Jubilee has said it is evaluating further open-pit opportunities that need technical support and access to a copper refining and processing footprint which it has. A dedicated Molefe presentation expected in June should give investors a clearer view of how the JV is executing against the Zambian copper strategy the company has laid out. I'd like it to focus on execution since the strategy was announced in August 25.

Bear Case

There is obviously a bear case: execution risk in Zambia, copper price risk, and management teams that have to rebuild credibility with investors after years of underperformance. But the bull case is that today’s valuation in both companies still seems to reflect the old Jubilee and Galileo more than the emerging Jubilee Zambian copper platform, where partner-funded growth, Sable processing leverage, the disposal of the PGM business and a repeatable hub-and-spoke model could produce a cleaner and more scalable business than the market currently credits.

Finally

Execution on Jubilees August 25 strategy is the only thing that will now convince investors on the Molefe mine and further potential of the Hub and Spoke model, and that will reflect in the share price either way. Quarterly KPI publication will help gain credibility on execution success - or not! This is not one for widows and orphans, but for investors with a higher risk appetite, who can stomach volatility, and who seek assymetric upside, then there may be something interesting here if this mine-to-metals plan delivers. One thing is certain, both sets of management, and both sets of shareholders will want the JV to be successful.

Jubilee Pivot to Copper in Zambia

Jubilee Metals (LON:JLP) won’t be new to many here, but the share price tells its own story: over the last five years, holders are still sitting on heavy underperformance despite the occasional bounce. Earnings have been volatile and the South African chrome/PGM business has destroyed a lot of goodwill, so the scepticism is understandable.

What looks different now is that Jubilee is increasingly becoming a Zambian copper throughput story, underpinned by a capital-light JV model rather than a sprawling multi-commodity experiment, with Molefe the key near-term asset. That fits squarely within Jubilee’s Pillar 2 “mine-to-metals” strategy, built around the Sable refinery and its mining assets, using a hub-and-spoke model where multiple ore sources can feed a central processing hub. The share price performance for Galileo has also been dreadful.

JLP:GLR Joint Venture

The Molefe mine JV with Galileo Resources (LON:GLR), which started in November 2025, is central to that. Galileo is funding a US$700k exploration and resource programme to earn up to 23.75%, while Jubilee retains 71.25% and a local partner holds 5%; Jubilee also keeps a preferential right to recover its prior investment before profits are split in line with ownership. That is a sensible structure for LON:JLP because it de-risks and advances Molefe without asking long-suffering shareholders to fund another round of early drilling and technical work.

Operationally, Molefe is already being advanced as a genuine mining asset rather than a paper concept. The mine currently comprises nine identified near-surface pits, though only a subset is currently being mined, and Jubilee is now connecting Pit 2 and Pit 3 into a larger open pit under an updated mine plan developed in partnership with Galileo to lift output materially. Phase 1 drilling results have now been published and confirmed continuity of near-surface copper oxide mineralisation, consistency of grades within the mine plan, and an eastern extension of the mineralised zone beyond the current plan. Phase 2 drilling is already under way through Galileo targeting that eastern extension, with Jubilee saying it will update the market as results become available. There appears to be further optionality within the Molefe license.

This operational pivot at Molefe is happening alongside a strategic exit from legacy PGMs by Jubilee which has sold its South African PGM business, crystallising value (in installments) and explicitly reorienting the group around its Zambian copper platform rather than spreading effort across structurally lower-return chrome/PGM operations. For a market that has long viewed LON:JLP through the lens of South African volatility, that divestment is a key part of why the current story deserves to be seen as a Zambia-focused copper transition rather than a continuation of the old model.

AI really isn't that smart, all it's doing is scraping the internet for information regarding the question (including no doubt, this board) and packaging it up in a readable output. How do you know it's not using incorrect or irrelevant information in producing its response? You don't. Much better to ask your question to the company if you want a factual answer.

It is interesting that Capstone is mentioned though??

Its what you posted.....

Why do you state 'ongoing due diligence for the subsequent $10 million staggered investment'. how do you know they are doing due diigence?

The actual, verified facts regarding Jubilee's funding position.

The Core Purpose: The June 2026 vote was arranged strictly to give Jubilee the structural room to accommodate the strategic investor's equity-conversion preferences, alongside broader financial agility for their Zambian copper projects.

No Declared Second Stage: The company's official regulatory releases (RNS) do not detail a concrete, multi-phase $10 million follow-on deal or a formal corporate due diligence process with a major producer.

The Voting Reality: Resolution 1 passed successfully (91.15% in favour), giving the board general authority to allocate shares. However, Resolution 2 failed to hit the 75% hurdle (achieving 63.93%), blocking the immediate non-pre-emptive cash path.

The Official Next Step: Rather than dealing with a broken multi-million dollar investment agreement, Jubilee's finance director officially stated that the company "will continue to engage with its shareholders on matters covered by these two resolutions.

BB

Did we know this was Capstone? I thought it was top secret?

Https://x.com/robert_ivanhoe/status/2066881563472572828

BB

I find it quite surprising that days after the EGM results have been published, few members know what the implications are wrt resolutions 1 & 2.

Recent posts referencing the EGM, confirm once again that as always with Jubilee, confusion reigns supreme.

ChatGP given the info provided, is also not sure of the implications given the minimal information provided by management!

14 days to Jubilees FY end and Leon doesn't want to commit to a current year forecast that he might not achieve. 😂😂😂

Leon I really hope that very soon you are going to make a positive announcement, that will actually benefit the owners of this company.

It's time.

He got the "what could go wrong" part right since this article is 6 months old

"Risk Factors: What Could Go Wrong

I’m optimistic about Jubilee’s prospects, but no investment is without risk.

Execution risk is the most obvious. The Molefe processing modules need to be built on time and perform as designed. The company has experience building processing infrastructure from its work on Roan, but modules at a mine site have their own challenges.

Construction delays, cost overruns, or underperformance would push back the timeline for filling Sable’s capacity.

The Large Waste Project partnership needs to close on acceptable terms. If negotiations drag on or fall apart, it could delay the LWP rollout by six to twelve months or force Jubilee to fund it internally, which would consume capital earmarked for other projects."

2.70...0.00 (0.00%) ...Bid: 2.60....Ask: 2.80....Spread: 0.20 (7.692%)

Market Cap: £87.03m

This guy Charles Archer follows in it on a blog I came across .

January 19th .

Just before the spike to 5p concluded .

Maybe a better link .

https://thatstocksguy.substack.com/p/jubilee-metals-d7d

2.70...0.00 (0.00%) ...Bid: 2.60....Ask: 2.80....Spread: 0.20 (7.692%)

Market Cap: £87.03m

This guy Charles Archer follows in it on a blog I came across .

https://thatstocksguy.substack.com/p/bezant-resources-73f?r=8l14pa&utm_medium=ios&triedRedirect=true

Not sure what to make of him .

1pm........... 2.75...0.07 (2.61%) ..Bid: 2.60...Ask: 2.90....Spread: 0.30 (11.538%)

Among the Volatile Stocks but all in the bigger spread .

Not worth placing a trade .

17/5/26 ...2.925....0.09 (3.10%) ...Bid: 2.85...Ask: 3.00...Spread: 0.15 (5.263%)

29/4/26...2.825....-0.05 (-1.72%) ...Bid: 2.80...Ask: 2.85...Spread: 0.05 (1.786%) Top up

2.925....0.09 (3.10%) ...Bid: 2.85...Ask: 3.00...Spread: 0.15 (5.263%)

https://www.google.com/finance/beta/quote/JLP:LON

The bottom after my end of April 2.85p top up was 2.72p on 8th May .

Some advise from a google search .

Beginning to doubt the wisdom off it .

The best time to buy stocks is when the share prices of a given stock are at a low. There is always a chance that they will drop even further, but buying at a low price is significantly safer than buying at a high price where the price of the stock is unlikely to climb much higher.

@Moham26

In a bull run only a handful of people capture the full stock price gain. Some join at some point when the bull run has started, some sell too soon.

Some lucky people that bought at a very low price have already left (some hoping to be back at a lower valuation, some others moved to 'greener' pastures).

POSSIBLE $10 million further investment. Some keep talking as if it is a fait accompli ... it MIGHT happen..... but even if it does, the terms may very well be quite different to the initial $1.5 million because of shareholder push back.

I was only referring to the proposal to convert the CLN into shares which I expect to proceed. The other $10m investment looks like it could be more problematic for JLP.

ChatGPT also suggested several options to me. There are always options but its clear the proposal was defeated. Leon would rather sell the next big thing at the expense of existing shareholders, The clear message from shareholders (twice) is that its time to deliver on the promises made to date.

Loogaloot, I asked ChatGPT the same question and it told me that they probably could convert the CLN into shares.

It will all hinge on the legal advice though I think we can assume this will be in line with what the company wants to do. It could of course be tested in court but someone would have to be willing to pay for that.

Unfortunately the CLN conversion was rejected. Only the ordinary resolution 1 was passed. The special resolution 2 did not pass.

If you listened to the great team debate in the Molefe presentation I’m sure he sees himself as one of the team? After all didn’t he get 1p options the previous year or so? Maybe the two are linked, no forecast, dirt cheap SP, cheap options?

Sumo: "And he wants more options! Lol" Where has this been said?? I believe you have just invented it....

Find it staggering that a CEO paid $600k a year plus bonuses in a company which realistically has one product, Copper, and has had 4 years to put production in place is not prepared to put out a production forecast? His take, to avoid mistakes, real answer is incompetence at how low real volume would be? And he wants more options! Lol

Not voting is also a statement forest.

@Shuvlin

Share ownership enables you to vote don't waste the opportunity next time. If they don't provide the information tell them in advance and explain why and vote no until they learn the lesson to treat shareholders properly. If you don't you are just as bad

Anyone analysed the current cash position?

I would rather like to see Leon or even Johnny appear in a question and answer session with Charles Archer soon as there has been so much sideways and parallel development going on that shareholders have lost a sense of the real direction of travel, especially as regards finances. As a shareholder himself he would I think hold them to account and channel pertinent questions from holders (and prospective holders). One of the bogeys we have to get round is the often lame excuse that information that hasn't been subject to an RNS can be shared. Not everything needs to fall into this category.

So, Jubilee must produce copper and perform with existing assets before expanding and exploring, and from the presentation it became clear that LC wish was to acquire more hectares for exploration (stop chasing more land for exploration). Refinance the debt in case still required, etc.

We wait for Roan update June (copper fines), front end at Roan (July?), Molefe mine production (June/July) and processor / sorter + JV LWP (July). July 2026 could be a very interesting month with positive news.

Loot: "So we are now saddled with US$1.5 million of high interest loan .." Where is your proof it is a "high interest" loan... it reverts to commercial rates. Making s;h;i;t up again looter....

Resolution 1 passed strongly (91.15%) --> This is the ordinary resolution that gives the directors authority to allot new shares and to grant rights to convert securities (like this CLN) into shares.

The CLN terms explicitly state that the investor agreed to convert the loan into shares immediately following shareholder approval. Since the required allotment authority (Resolution 1) was obtained within the 60-day window, the investor can now convert the US$1.5m CLN into Jubilee shares at the pre-agreed price (20-day VWAP prior to drawdown).

The CLN conversion would not be a new cash raise — it is the conversion of an existing loan into equity. I

The conversion should therefore proceed.

Resolution 2 failed

I wonder if the rns will come will any other news