Member Info for 4everlong

Thanks Seis. Another informative post from you 👍.

I think we need you in HQ.

It's been 2 months since the announcement of the proposed sale of SA operations.

In the interim we have seen:

● A 25% drop in share value.

● A 50% increase in Pgm prices.

● RNS in July assuring the market that we should not put much stock in the Pgm rally due to Chrome prices .

● Missed self imposed schedule (last week of July) for circular.

What's not to like?

Another week at Jubilee.

Total contempt for shareholders. I get the sense that management forget that it's the shareholders that own the company.

The CEO has the bare minimum invested in the company, other than the 1p options generously awarded to themselves, while the share price declined 80% and dilution was the order of the day.

Happy days.

Well from the comment below, it seems that Charles Archer has been told it's a done deal, despite the fact that he acknowledges the negative view of long-term holders. It's not that easy, Charles.

Simply Wall Street made an interesting observation of Jubilee prior to the PGM uptick.

"Jubilee's strategy in South Africa relies on expanding chrome processing without a corresponding increase in PGM refining capacity, potentially leading to missed revenue opportunities from PGMs and affecting net margins."

This has now come true.

We used to be called Jubilee Platinum!

Jlp's focus on Chrome has limited its ability to increase Pgm refining.

It appears that we have significant quantity of material but not the capacity to increase production, hence the same guidance (the 2 JV numbers were not included) as the previous year, and the current "up to" 11000 oz / 50% JV. The guidance was possibly structured to downplay the total Pgm potential for '26.

Still no word on the JV that LC said was due to kick in when the basket reached the threshold required. We are well past that point.

Let's hope in a good way, AB! 😂

@graham

This was your post in April.

I assume you didn't sell either which is why you're still posting here. Nearly everyone here believes in Jubilee and it's potential but are frustrated with the performance and transparency of the management. It's not hard to see why.

"You would think so wouldn't you, Shareswotter but quite honestly, having been in JLP for over 20 years, I'm completely fed up with trying to catch a falling knife. EVERY time I put money into JLP, the price falls, and falls and falls. Leon appears completely incapable of generating sustained shareholder value; he can't improve the share price and almost appears disdainful when it comes to paying a dividend, although I can see why as he also seems to be unable to generate any form of meaningful profit."

It would make sense that IF there were negotiations around increasing the initial offer, that the market would have been informed.

It would have been the sensible thing to do. Settle the uncertainty in the market and possibly justify the delay IF that were the case.

You seem surprised? 😁

You're clearly aren't familiar with Jubilees management style. They set the time frame. Then don't follow through.

As per the various targets given by our CEO. Rinse and repeat.

Some say the delay is good, as we will make more money in the interim. The only takeaway from that is that most on this platform regard it as a bad deal.

I'm sure LC has been squeezing the team in Zambia through July to create a mega Cu month to justify the transition. They need some decent figures from there to validate it.

Changing brokers from RBC to Shard half way though the process hasn't helped either. It is unusual to do that in the middle of the most significant moment of the company in 20 years.

My biggest fear is that when the circular is eventually released for public scrutiny, it contains the Jubilee phrase, "up to." 😂😂

Gotreal give it a break.

This is an open forum. Your continual efforts to have only your opinion heard is getting really tiring. You don't have to attack everyone who doesn't follow the corporate narrative.

Gotreal, once again, in your haste to defend management, you to choose ignore the fact that THEY projected the timeline. Not the share holders or the market.

The reality is that most shareholders don't believe anything that is published by Jubilee or said by LC. Expectation followed by disappointment is the norm.

We all agree that any delay in the DEAL is a good thing, which reflects only on the fact that everyone perceives it as a bad deal as per the initial offer.

The market at large has also spoken by virtue of the current share price.

It would appear as if our management team have once again missed a time frame that THEY had set!

No wonder the market perception of Jubilee is what it is.

How many more own goals can we expect?

Agree with that Seis aspect.

But on release of the circular there is still a significant amount of time before the decision is finalized.

This is about confidence in the management of Jubilee.

The reality is that Jubilee is down -20% since the announcement and the subsequent rise in Pgms.

Most Pgm producers are up 50% or more. That's a variance of 70%!!

The market doesn't like uncertainty and the share price reflects that.

Management are not helping in this regard. Leon initially stated on the podcast after the 5 June RNS, that a circular would be out in around 3 weeks. This was then extended via the most recent Rns indicating last week of July (this also downplayed the significant rise in Pgms which also didnt instil confidence). If management don't keep to their own schedules, what confidence can share holders have in them? Or the market for that matter.

The share price is the most accurate barometer of investment confidence.

I sincerely hope that the circular is released as scheduled, with information that will once again allow the market to react positively.

Tomorrow?

Or will it be just another Jubilee commitment not being kept?

"Further to the announcement on 5 June 2025, the Company and the purchaser are working together to finalise the sale agreements. The Company expects to post a circular containing full details of the proposed disposal, including the notice of General Meeting, during or about the last week of July 2025."

Thanks Bottoms.

I posted a link to that forum. There a few relevant podcasts over the last year or 2.

Here's another with our main man. Always interesting to look back at what was said!!

https://www.moneyweb.co.za/moneyweb-podcasts/moneyweb-now/the-roles-of-copper-chrome-and-pgms-in-jubilee-metalss-life/

This is the link.

https://www.moneyweb.co.za/moneyweb-podcasts/moneyweb-now/chrome-demand-suddenly-a-big-story/

Gotreal, you are the reason that this forum deteriorates to what it does.

I never insulted you or called you a fool.

YOU need to accept this is an OPEN forum where everyone's views are relevant. If you feel that they are not in line with your narrative, that's fine, but then to refer to me as a fool is a reflection of yourself.

You have no idea who I am and neither do I know who you are, but I can assure you my accomplishments in business and in life will far outweigh yours.

Despite the insults I the wish you all the best.🥂

I'm not surprised Coldfeet.

He has a job to do!! His friend has been very quiet these last few days unless they are one and the same.

What does a bb influencer earn these days? Asking for a friend.

Whenever someone deviates from the company narrative, they need to quickly bring them in line!! 😂😂😂

We don't live in a bubble and many factors affect pricing. Overall supply and demand is clearly one. My post was pretty neutral!

@Seis thanks for another informative post.👍

@Gotreal.

😂😂

I made no mention of our pricing..

The reference was purely the potential effect of tariffs. My apologies in advance for next time..... 👍

Have the proposed tariffs created a bubble, with stock-piling prior to the effective date?

This could result in a significant pull back when the tariffs kick in and stock piles are drawn down.

Copper price pulls back sharply ahead of US tariff deadline - MINING.COM https://share.google/d0WUcNHw3LUC4aO5M