Member Info for Bluebelly

More 1p options were granted. From 2024 report, averge life remaining has increased, average exercise price dropped.

'The weighted average remaining life of share options at the year-end was 7.06 (FY2023: 4.65) years and

the weighted average exercise price of 2.83 (FY2023: 4.45) pence.'

https://jubileemetalsgroup.com/wp-content/uploads/2024/10/Jubilee-integrated-annual-report-2024.pdf

Info on page 142 & 120

BB

Can you expand on that statement, HD43?

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Up it goes again $1750.

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Why do you have to subscribe for your allowance CT?

I'm sure mine just resets at the beginning of the new financial year, but you've got me thinking. (age related)

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I believe it would be more cost effective to be listed only in FTSE AIM, maybe move to FTSE Small Cap, but would they stand the scrutiny?

Currently listed between 523 & 524 £104) as AIM don't get ranked on the FTSE Allshare index ranking.

https://www.stockchallenge.co.uk/ftse.php

With todays mcap we would drop to between 533 & 534.

Just some pointless info :-)

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FYI.

The rules changed:

'Shares on the Alternative Investment Market (AIM) can be held within a Stocks and Shares ISA. Since August 2013, HMRC has permitted AIM shares to be qualifying investments for ISAs. A dual listing is not required'.

BB

SLP had a similar drop, I guess something in SA spooked the market, although we don't see any rises from the SA business???

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Shuvlin, they told us the strategy with a long drawn out RNS, but the bit that really counted was short & lacked any info on why production had fallen over the period o f Q1FY2026, that does raise serious concerns: ' Production for Q1 FY2026 at Roan alone is in-line with guidance reaching 915 tonnes of copper in concentrate.'

In-line with guidance maybe, but less than expected after informing us of actual production of 384t for July, ahead of 350t target for Aug.

Why don't they use 'is in-line with guidance' for all reporting apart from the financial statements?

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Harm Prof, 900-950t for Q2 is the forcasted production due to the rainy season, so possibly lower.

I hope you're correct with 3.8-4.6p, but I've been a dreamer for 10 years with JLP & Conroast, all that specialist IP they held, but have now passed on along with a pile of assets for $145m.

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It would be good to get this confirmed, or the situation may be worse than first thought. One Chrome may now recieve a percentage as a payment has been recieved, let's hope that's the maximum they get, currently. (15/145ths)

Has the basket price for 6E pgm's risen by $700/$800. Edison stated that SLP's basket price($1507 lat yr- New estimate $2274) had increased by 52% on 6th Aug 25 (Plat was @ $1400, now @$1680).

JLP's $800 on 36000oz/yr is $28.8m extra annual income.

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Bottomsup. When are you expecting the resource update, it will only be speculative as opposed to inferred, indicated or measured that detail is years away IMHO. However we are a producing miner, not a speculative mining company.

3p end of year if we can maintain 300t/month copper production. 9p if the SA sale fails to be approved!

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Lowest trade since confirmation of the sale of SA business.

I think I said on the day 'That's the last we should see of sub 3p'.

How wrong I was.

BB

'Jubilee Metals shares fall despite positive copper production outlook'.

Where was the positive?

Timelines appear to be slipping

July production appears to be the peak at 384, with 350 targetted for aug, leaving aroung 200 or sept (Q1 - 931t). Oct/Nov/Dec expecting 300t/m, H1=1800t

The much vaunted Front End Module, not being utilised???

End of Q3 FY26 appears to be the next chance of improving production figures

We're still trading below NAV apparently, maybe the Financial Results 24/25 will adjust that NAV when they are released. I imagine the release is delayed due to the following statement 'Follow up questions, meetings, and information requests with the Commission are ongoing. The last major condition precedent is audit related. This work is underway and progressing well, in parallel with the Company's annual audit.'

BB

Director Buy timeline will have expired!

Release the News.

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Shuvlin 'AI may be in a bubble (mainly USA) but it is not the greatest consumer of copper. Cu will still be in short supply if there is a correction.'.

I agree, but along with Net Zero madness, the Nation Grid & local network infrastucture needs massive upgrades for Transformers/Substations & Cables.

Heat pumps & EV charging at home will increase the average electricity home usage from 2700kWh to nearer 8000kWh and the majority in the cold of winter. Hopefully the SMR's will be built soon(10yrs??) to cover the days when the wind doesn't blow & the sun don't shine.

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'AI is presently in an enormous bubble and cannot sustain its growth.'

It's the infrastructure that is behind the curve, thousands of data centres are in planning phase that are power hungry and will require massive amounts of copper. I can only see copper increasing, even with a drop off in EV's.

BB

Historically, JLP hasn't been the tightest of ships, when it come to RNS.

As it's gone up, the next choice is either, Hold or Sell on News?

However, it is nice to see a rise.

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Over 50m traded today plus a late reported 8m from yesterday. We've been held at this level for three weeks. Is it for an orderly transfer of shares prior to a move? Up or Down is the question, where are we headed when the news flow starts?

BB

So the guidance for Copper is now null & void?

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