Member Info for Billyboy2fromiii

Hi LUFC,

Yes great atmosphere on Thursday. Got my ticket yesterday. Going down on train on Sat and staying over. Where you drinking on Sun morning?

Sorry to others for off topic.

BB2

Edzi,

Seis is correct. The website.....

https://jubileemetalsgroup.com/investors/shareholder-analysis/

states...

The total number of shares in issue is 2,974,493,617. The percentage of shares not in public hands is 0.133%. This information was last updated on 23 January 2024.

So, Jupiter have sold down from previous holding but this was done before 23rd January.

BB2

Bushy,

And how much do you think Yan has/will produce in Q1?

Go on, have a guess. You usually do! And are usually way off the actual correct amount!

BB2.

Bushy,

More rubbish from you....

You have no idea of the exact current cash position and no idea of the actual first repayment date. Actually, as usual, you have no idea full stop. More blatant guesswork from you, as always.

BB2

Bushy,

Wake up!

This is really bad news.

You could say "you reap what you sow"

BB2

Bushy,

You have no evidence that that is correct. Pure guesswork on your part (as usual). To my knowledge the exact workings of the pricing mechanism have not been disclosed. Pretty sure it will be a lot more complicated than your guesswork. As usual, you just spout out what sounds good with no realism to your comments.

BB2

Morning Seis,

Yes, a long read.

I will have a detailed read later.

Will be interested in your thoughts.

BB2

Hi,

WHI have issued a updated research note this morning.

Not sure if anyone can add link?

BB2

Mikie/Frog,

Interestingly, I went to the GM yesterday (only one other shareholder there).

I have not posted a full summary as I do not see why I should share such info with Bushy after his unsavoury antics on the JLP board.

I do believe there is potential here (to multi-bag) but only if management get Kou sorted (and quick). One thing for sure, there is big risk here! The news from the Guinea Govt yesterday is a positive but as we speak there is still very little diesel being delivered to Kou (need about a tanker per day). Do not know how long for production to resume at Kou and once it does, then they are still possibly 5-10m from the harder rock (with the juicy grade) which will take a few extra weeks to get to.

Debt repayment for Q1 is in hand (from the recent raise) but personally I am not expecting much as regards production numbers in Q1 and I certainly cannot see how production guidance for 2024 (due late January?) can be close to the much touted 200k oz (poss 160k-170k but a pure guess).

I am personally writing off Q1 and hoping that we are all sorted ready for Q2. If not, big problems here!

At least, we have "hedged" 60k (20k Q1,2,3) at above $2k which I am happy with.

Obviously Ernie sees the potential (based on EV), let us hope he is proved right!!!

Personally, having attended the GM yesterday, I will hold here (not add) for the potential. However, I am currently much more comfortable with my holding in JLP.

Regards, BB2.

Guvvi,

Good post that. See you at the GM. I am due to arrive 12.30.

BB2

Hi,

Anyone going to GM tomorrow?

BB2

Morning,

IRH from Abu Dhabi !

https://www.londonstockexchange.com/news-article/ZCC/further-cautionary-announcement-sep-for-mopani/16235412

BB2

Farman,

How many shares have been issued in the last 12 months? You comment had value in previous years but I do not think your argument holds up presently.

BB2

Happy,

Following the AGM, I contacted Neal (via Waltie) on Monday. I had a reply yesterday to confirm that the Company Presentation will (following completed update) be available shortly. The website will also be refreshed.

I copied Ollie in and will ensure that ALL are chased up if the above are not sorted “shortly”.

BB2

Data,

Further to your question...

was there any speak of a 3rd party supply of high grade zinc to help process the kabwe tailings dumps.....

To my knowledge (unless I missed it and others want to correct) Zinc was not specifically discussed as the AGM.

BB2.

Hi,

As regards communication. I suggested to Ollie that existing communications were simply not good enough and the writing of the last RNS was "garbage". Although Ollie and Leon suggested my wording was a bit strong they both acknowledged communication must AND WILL improve. I was told later that Neal R (CFO) was mortified at the wording of the last RNS (being his first official quarterly update). Speaking of Neal, although he took little part yesterday, I do believe that his appointment is a key development (and that Pedja's skillset was perhaps not aligned to being CFO). I was also told that Neal will ensure that shareholders WILL see improved communication. The first quarterly update (although poorly written) along with a future timetable of events is a good start.

Oliie looking at a shareholders investor day to help with above.

Ollie also acknowledged that future RNSs do need to be less technical and easier for shareholders to digest and understand.

It was (imo correctly) stated by Mikie that the last RNS should have been covered by separate RNSs (splitting the actual quarterlies from the Company updates) rather than all thrown together. I am not sure that this point was actually accepted but this is something that I will email them about nest week.

So, all in all, a good AGM. Well worth attending and I would certainly recommend others to attend in the future. In summary, I am reassured as to my investment in JLP. Bearing in mind the current market sentiment to most small Companies, AIM in general and basically the sector we are perceived to be in, I cannot say that in the short term, the sp has definitely "bottomed". However, I do think that over the medium to long term we should be very well rewarded.

Again, all based upon my notes and my own understanding. Happy to be added to and/or corrected by others.

BB2.

Morning,

Good to meet Mikie, Northern, HG, Chester and Rodders.

Being a fairly substantial shareholder, I always try and attend but this year (after so many changes) I felt I needed to refresh my understanding JLP and if possible address the poor communications that have been evident.

A few key notes from me...

Target of 2m Chrome concentrate will make JLP the biggest in the world.

Currently 1.45m (8 modules). Recently announced Project T (9th module) following election to expand (Thutse) will inc to 1.7m, 6m to construct, $5.5/6m cost, payback 12 mths.

What are modules? Basically, mini concentrators. Low cost, replicas of existing units, 4/6 weeks for design, 6m construction, lower risk as can run of back up power in event of loss of electricity etc.

New chrome strategy produces earning 5-8 times the old tolling agreements. Presently approx 900/950 tonnes on old tolling agreements rest (and future) on new higher earnings strategy.

PGM 2023 target all from own (inyomi 44k capacity). Additional PGM feed (from new chrome contracts) gives option to be selective in which feed we use at Inyomi but also consider to also use third party JV (less profitable but no capital spend to further inc Inyomi capacity) if desired.

Copper clarity.

Tailings, been mined/processed and basically a fine mud

Waste, (large) rock from mining, not previously processed, disregarded material, different types/grade.

Mistake in previously not separating the two.

Upgrade separates the two and run/operate independently.

Now "nailed" Waste. Module designed and proven. Inundated with opportunity.

The above was based upon my notes and my understanding of what was said. Very happy for other present to add and correct if needed.

I will add a bit more later.

BB2

Northern,

You still on for Care Nero at 9.30?

BB2

Bushy,

That is not correct. A very, very poor Q4 would push up AISC for the year as could exceed AISC guidance. This will not happen though (imo).

Bushy,

Yes. Guidance was set at start of year at 80-90 for Yan with Kou to be confirmed later. This 80-90 guidance has been maintained at every RNS. Kou was then guided at 30k (in addition to Yan 80-90) and that has now been reduced to 10k.

100% on this. If you are unsure then have a read through every RND from January and you will see.

BB2