Member Info for Chatmandu

Things appear to have got quite heated since the RNS with JMK possibly making threats of legal action against posters.

I can't see any of JMK's posts, so I'm assuming they've been withdrawn by him / deleted by the mods.

Has his account been deleted from the site? I'm not sure how to check that?

I can only see the conversation without his input, so it's hard to tell what's happened.

I think any court case might be hampered by what's been stated publicly in the Annual Reports and on YouTube vs the audited outcomes.

@Kalan

"Imagine the poor person who would have to read the drivel which is repeated over and over again and then have to reply to said drivel."

That poor person is currently Jonathan with every Tim, Richard and Harry emailing him about the same stuff.

I think a portal on the JLP website makes a lot of sense. Jonathan could answer the questions he wants to and investors could visit it for more information.

I've restrained myself and haven't contacted Jonathan since he first appeared on this board. To be honest, I doubt there's anything he's free to say outside of the official communication channels.

Wouldn't it make more sense for the jubilee website to have a shareholder questions and answers section?

Jonathan could answer questions via the portal and then everybody could see the questions and answers. It might save him the trouble of answering the same questions again and again and also remove any concerns that some people are receiving extra information.

I don't disagree, but at only 3500 tonnes per year I doubt we're making enough profit to turbo charge the share price.

Copper goes up and the share price continues to slide.

Giving away 24% of our supposed super pit for $700k won't be helping. We now need the copper price to rise by another 33% just to cancel out that giveaway.

Are you insinuating that I'm also Frogkid?

25,000 tonnes.

That old chestnut.

@jm-k

"Utter nonsense."

Does your comment refer to this one:

"I’m confident that Jubilee has hit the jackpot with the Molefe mine and the surrounding geographical areas they’ve secured licences for."

or this one?

"We have strategic foresight from Leon, but procedural myopia from JMK and the major investor. Be aware of the tensions at play."

I'm absolutely gobsmacked.

Gotreal has finally engaged his brain and started questioning management's actions. I guess he was simply too proud to post in the thread I started regarding the implied value of our 'potential super pit'.

If only he hadn't blocked me, we could share this unique moment of agreement.

🤣

Some posters were speculating that the lack of news was due to positive drilling results that had proved a copper 'super pit' at Molefe.

Just you wait and see!

We've now sold 23.75% of that for $700k, valuing Molefe at $2.9 million.

I interpret that in either one of two ways:

1) Molefe isn't worth very much and the drilling results were poor.

2) We've given away a valuable resource at a pathetically low price.

Just for the record, the total copper produced that year was 2,728 tonnes. Just 23% of Colin's initial target.

https://jubileemetalsgroup.com/wp-content/uploads/2024/02/Annual-Report-for-the-year-ended-30-June-2023.pdf

If you go back to the 2022 Annual Report, Colin Bird was throwing around 50k tonnes per annum as a copper target. A number that appears, along with the initial 12k tonnes target, to have been pulled directly from his posterior.

https://jubileemetalsgroup.com/wp-content/uploads/2024/02/Annual-Report-for-the-year-ended-30-June-2022.pdf

"Other key achievements of the Company over the last year included the significant increase in chrome ore beneficiation capacity in South Africa, enabling us to target production of 1.2 million tonnes of chrome concentrate per annum, the delivery of the Southern Copper Refining Strategy in Zambia, which targets to produce up to 12 000 tonnes of copper units per annum initially, and 50 000 tonnes over the mid-term. The development and construction of the South African and Zambian operations will form a solid platform for global growth, embracing all of the fundamentals that enabled our initial success"

This development does not inspire confidence.

@shuvlin

You don't own the board.

If you're unhappy with the content, perhaps you should 'push off'?

@HarmProf

In terms of risk management, I'm not prepared to commit any further capital at this time. If the share price were to fall as part of a major market sell-off, I might be tempted to add more.

"Leon wasted capital securing dumps and now he can't figure out how to produce copper from them profitable."

I fear this may be accurate.

As I've said before, it seems inconceivable that the mining majors haven't employed the world's finest chemists and processing experts to squeeze every last drop from their mined material. They're hardly going to throw hundreds of millions of dollars on the waste heap, if it can be processed profitably.

Is this all just Leon's hubris?

I think it's far more likely that they've dropped the price to make it more attractive to potential buyers.

@NorthernShark

"It is clearly impacting on your health."

I'm not sure why you think my health is being impacted by this company and/or this discussion board.

"Chat, if you do not believe there is anything positive to discuss with Jubilee then my central question is why don't you just leave the board and focus on something else"

Why is a head in the sand approach the correct one? Why shouldn't I, and other people, question the decisions of the board and the statements from our CEO? Why do you expect everybody with complaints regarding the repeated Zambian failures, when compared to the statements in the Annual Reports and oratory from our CEO, to "just leave the board and focus on something else"?

Why do you only want positive comments to be posted here, if not for your own naked self-interest - i.e. attempting to draw in fresh retail investors that aren't fully aware of the problems?

If a new investor took Leon's statements (propaganda?) at face value, they'd jump in with both feet thinking they'd discovered a market secret that's about to make them rich. Without 'negative' (realistic?) comments on boards such as this, where exactly would they gain insights into the reality of investing in JLP?

I was hoping that the Jonathan would, if nothing else, bring structure and punctuality to JLP's communications. Given the share price, I'd have thought that regular updates would be a sensible way to calm the markets - but what do I know?

"The Company has temporarily halted mining at Munkoyo for July and August 2025 while the extended pit design is completed based on the drilling results and will recommence ore delivery to Sable from September 2025 in addition to the current production from Roan."

No updates regarding this.

"Resource drilling by the preferred JV partner at Project G is expected to commence during Q2 FY2026 to afford Jubilee sufficient time to complete the Molefe Mine pit expansion and drilling, with an internal target of 31 October 2025 by which to agree heads of terms on a JV mining partner. The project benefits from existing infrastructure and potential for collaboration on a central processing unit due to its proximity to other mining operations."

No updates regarding this.

@NorthernShark

My posting probably will appear negative, when compared to some of the cheerleaders on this site, but what exactly is there to be positive about?

Most long term holders are sat on substantial losses. I was 85% down until I averaged down @ 2.9p. I still need to hit 5.1p just to break even.

PGM operations were sold due to unsecured feed material. Something that, as far as I'm aware, the board hadn't flagged as a potential risk to investors. How much was invested in South Africa vs annual profits + sale price? Did the company even make a profit when everything is taken into account?

Copper has been a complete disaster. How much has the company spent in Zambia? What is our break even tonnage? When will we achieve it?

If JLP can produce tangible results, I'll be happy to change my tune. Until then, I won't be sugar coating my comments in an attempt to hoodwink new retail investors.

Each to their own.

I think there is definitely a culture on these boards of shutting down any negative discussion of JLP. To me, it does seem that certain posters are hoping that new investors will buy into the share from a position of ignorance. I consider that to be pretty shoddy and amoral behaviour.

@MetalTrade

With regards to your spreadsheet based upon Leon's forecasts, please be mindful that JLP has only ever achieved around 33% of Leon's wildly optimistic (complete BS?) targets/forecasts.

https://www.lse.co.uk/ShareChat.html?ShareTicker=JLP&share=Jubilee-Metals&thread=E200D483-2491-40CF-9311-00DE204785FE