Member Info for Bluebelly

Not so much 'Decent'.

I know what you'resaying Kalan.

Just killing time, until some dissent News appears.

BB

Chatmandu 'It can't be stopped. The RNS states that you either approve the dilution or Leon takes the money as a high interest loan that has to be repaid within 12 months. I'm guessing the repayment will be achieved by sticking a gun to investors' heads with the option of 'dilution to pay our debts or insolvency'.

What would you call high interest? 25%, 40%

My worries are we may see a new 5yr low when annual production figures are known and the progress has been poor. The shares for this $10m investment could be issued around 2.5p-2.7p (20DMA).

How about, we risk the high interest loan and approve the share issue at the next AGM, subject to the SP being above 4p. If they have faith in what they are telling us, 4p should be a minimum by the the time of the AGM.

BB

Chatmandu - 'but the price of 3rd Party ROM for Roan increases in inline with copper prices - so the copper price becomes fairly irrelevant.'

I'm sure it must proportional, so the supplier & JLp will see an equivalent increase. Otherwise, why bother?

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Shuvlin ‘ Such long posts that don't even have a reasonably high creative content that I would expect from fiction .’

Four lines were my creative content, the rest were cut & pasted from an RNS.

It was more to highlight HarmProfs comment on waiting for guidance. I really hope they can under promise & over deliver.

A lot of effort went into calculating how we would achieve this by knowledgable posters, especially now that the Front End Module was commissioned. Say no more!

BB

Apologies.

From RNS: 6th Aug 25

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HarmProf ‘ It doesn't matter anymore let Jubilee present the final result and guidance for FY 2027. We all go for Q1 FY 2027.’

From RNS: 6 th Aug 24

Zambia production guidance for FY2026

· Copper unit production guidance for H1 FY2026 of 2 300 tonnes and 5 100 for the full year FY2026.

· Further capital dependent projects which are currently underway and being targeted to commence within FY2026, offer the potential to increase annual copper production by approximately 10 000 tonnes as follows:

o Onsite Munkoyo processing unit - 1 440 tonnes per annum;

o Project G processing unit - 1 320 tonnes per annum;

o Refining at Roan - 2 544 tonnes per annum; and

o Two processing modules at the Large Waste Tailings dump - 5 500 tonnes per annum.

Have we achieved any of these targets?

Also what correction factor should be applied to workout the expected annual copper production from JLP’s guidance!

BB

Yesterday RNS

Operational and Production Update 9m FY2026.

Jubilee, the integrated copper producer and resource developer in Zambia, today publishes its operational and production update for the nine-month period ended 31 March 2026 ('9m FY2026' or 'the period').

21 Nov 25 RNS (Q1)

Zambia operational and projects update Q1 FY2026

Jubilee, the Zambia copper focused producer, today publishes an operational and projects update for its Zambia operations for Q1 FY2026 ended 30 September 2025.

May be a 'Project Update' is due!

I won't hold my breath.

It would be good if they had a standard format for reporting periods and they just fill out the blanks & add relevant information

Clear & Concise comms would be nice

BB

100%

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Although I would like to see a rise through improved production.

I have set up a Sipp for my better half & am waiting for the tax portion to be added.I wasn't going to invest her money in JLP, but at sub 3p I think it has as much chance of doubling as any other share I have looked at!

Her ISA is a different matter and has gone ito Funds (no balls) Excuse my French.

BB

NM

BB

From the RNS 25th March:

LC's comment:-

"We have commenced phase 2 drilling to further define this eastern extension and the Company will update the market as results become available.

Results from the phase 2 drilling program will be used to provide a clearer timeline for the release of a formal resource estimate. The updated expanded mine plan, incorporating the latest drill results and developed in partnership with Galileo, is EXPECTED to be published on the Company's website within the coming three weeks."

Get out of jail card used - expected.

BB

I'm still here Kalan - ODR (One Day Rodderz) from II chat room, that closed years ago, unfortunately.

BB(ODR)

A fair Assessment on two parts of the business plans, whilst completely ignoring another asset that could be valued at higher than the current mcap ofJLP.

May be it's not a fair assessment, just good points on two aspects of the business.

BB

Bottoms Up:

This requires court approval first.

Which is in June

???

From the Circular Dates:

Expected date of the Court Hearing3 Tuesday, 28 April

Results of the Court hearing released on RNS and SENS Wednesday, 29 April

Expected effective date for the Capital Reduction4 Wednesday, 29 April

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From the Circular: Background to and reasons for the Capital Reduction

At 30 June 2025, the Company’s Share Premium Account had a balance of c. £149,876,019. This

account represents the excess amount received by the Company when Ordinary Shares are issued

by the Company over the nominal value of the Company’s Ordinary Shares, which is currently

1 penny each.

The Share Premium Account is a non-distributable reserve for the purposes of the Act, meaning that

it has limited applications and cannot, for example, be used to pay dividends or fund share buybacks.

11

The Company is generally only able to pay dividends or fund share buybacks (subject to limited

exceptions) out of distributable reserves.

Accordingly, the Company is proposing to reduce the Share Premium Account by £149,000,000 in order

to create further distributable reserves to facilitate: (i) the future payment of dividends by the Company to

its Shareholders; and/or (ii) potential share buybacks (in each case, only if circumstances were deemed

appropriate or desirable to do so); and (iii) for other corporate purposes of the Company. The remaining

balance in the Company’s Share Premium Account is to allow for writing off qualifying costs against the

Company’s Share Premium Account in accordance with the terms of the Companies Act.

The Capital Reduction will not, in itself, involve any distribution or return of capital to any Shareholder

and will not reduce the Company’s underlying assets.

On completion of the Capital Reduction, the Company’s Share Premium Account will be reduced by

£149,000,000 and, subject to the Court being satisfied with the Company’s approach to creditors as

outlined below, the entire amount resulting from such capital reduction will be applied to the Company’s

distributable reserves.

The completion of the Capital Reduction will not affect the rights attaching to the Ordinary Shares and

will not result in any change to the number of Ordinary Shares in issue (or their nominal value).

BB

We go down as the markets rise.

Since the Iran confict started.

FTSE -4%

Nasdaq -1.79%

S&P 500 - 2.74%

Lloyds - 8%

SLP - 24%

JP - 20%

May be SLP is worth a punt as Pt has only fell - 1.86%

Tempted as JLP don't deserve any further investment/averaging down at this point in time.

BB

I guess I need to eat my words.

Pleasantly surprised, as I bought some on Weds @3.96. Then after seeing the RNS, I thought I had bought to early & it was about to fall (as is the norm).

BB

Https://x.com/Jubilee_Metals/status/2024433049963024682

BB

Unfortunately, for those of us who hold & watch.

BB

Hopefully JLP too, but not sure it's ready yet!

BB