Member Info for Chatmandu

Copilot calculates 25,000 tonnes per annum being reached somewhere between 2030 and 2055.

That's a nice chart, but I think we need to remind ourselves of the historical performance versus the targets contained in the Annual Reports.

https://i.postimg.cc/DzQ9m1k6/image-2025-10-19-184408917.png

Has he left Jubilee?

His LinkedIn profile shows he was head of mining at Jubilee until August 2025 and then CEO of ATOR X-9 from August 2025.

https://i.postimg.cc/fTRRqBDh/image-2025-10-19-133605914.png

https://i.postimg.cc/fTRRqBDh/image-2025-10-19-133605914.png

@Sirboring

I would be interested to see if July's production is substantially higher than all the other months.

I really don't trust Leon at all.

Sorry, the 'unknown' trades were showing as negative numbers.

162,402,213 shares traded today.

I've copied and pasted today's trades into a spreadsheet and they total 130,402,213?

It hasn't for me.

I initially bought for 19p and I've been waiting since June 2021.

The £2m trade of 83m shares is now also showing as a sale 30 minutes after the first trade.

Is Slater the only person holding 83 million shares?

It's common to see prices rise during the final 30 minutes of trading as traders close their short positions.

@Happydays

Could that have been a fat fingered trade?

A world in which we're six years into a copper pivot and are still only producing a couple of hundred tonnes a month.

Shuvlin - "He speaks as if JLP don't even know how to retrieve the copper when they have been doing it for several years, seemingly sucessfully and profitably."

_ _ _ _

This is just delusional. The track record in Zambia is abysmal. We're producing pathetic amounts of copper and it's less than a third of that targeted in the annual reports. How can anybody claim we're doing it successfully and profitably given the amount invested and the amounts earned?

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

Atalaya are processing 0.35% copper ore and producing 43,706 tonnes of copper.

https://atalayamining.com/operations/riotinto-district/riotinto-15-mtpa-plant

Do we even need a special process? Is this just some big fun chemistry set for Leon?

i think we need some honest updates regarding the ongoing copper production problems.

why have we consistently failed to meet production targets? is there something wrong with the process? are we messing around trying to do something 'clever', when there's the option to use a 'proven' method instead?

what are atalaya doing right and what are we doing wrong?

we've got the feed material, so why such **** poor production?

@shuvlin

the circular made clear that there wasn't any choice ditching the pgm business and moving into copper.

the problem is we're **** at cooper.

I think we need to face up to the fact that JLP isn't very good at producing copper.

We're now six years into this project and the output is pathetic.

I hope you'll forgive my use of ChatGPT for this comment.

Disclaimer: The following reflects my personal observations and questions based on publicly available information. I am not alleging any wrongdoing, and I fully acknowledge there may be legitimate explanations for the data trends.

I noticed that the production figures released in July coincided with the shareholder vote, which led me to wonder whether earlier production may have been reported in that month. If that were the case—purely hypothetically—it might have contributed to a more favourable impression of the Zambian operation at the time. Could this possibly be a factor in the subsequent drop in reported production? Of course, there may be other, entirely valid reasons for these movements, and I’m simply raising this as a point for further clarity.

@Happydays

Do we have the monthly figures for January to June? I'd be interested to know if there was depressed output followed by a sudden jump that happily coincided with the shareholder vote.

@Gotreal

Thanks for proving my point.

I asked a question, with 'if so' and 'if not' clauses. That's not an 'accusation'.

Your language processing skills are deeply concerning. Information input enters your brain, gets scrambled and then you attack/abuse based upon your own, incorrect, internalised interpretation.

Add I've said before, seek help. This behaviour isn't normal. I have a former friend with exactly the same problem. Trump's first term sent him over the edge and he's been redirecting his abusive paranoia ever since.

I'm not generally a fan of share buybacks, but I think they will be needed with JLP.

If the profits start rolling in, using them to cancel shares would be sensible policy - e.g. reduce the outstanding shares to 1 billion.

It depends what happens with the share price and P/E ratios. If they remain low, then buy backs would be a good use of capital. If the P/E spikes to 30, then dividends might be more appropriate.