Member Info for Chatmandu

@Fishysaurus

I have some Investment Trusts in my SIPP. I always vote against the issuing of new shares. It only ever benefits management because they're paid upon NAV, not share price.

I'll definitely do the same for JLP.

Could somebody please feed the toddler some toffee to shut him up for a while?

So Colin Bird's company might be signing-off on Leon's homework?

I was under the impression that this was an industry standard independent drilling report.

If @JuniorLassonde is correct, then I'm not very keen on it.

@Kalan

It could be Scenario 4 with the Competent Person unwilling to sign-off the Drilling Report.

Perhaps somebody with access to JMK could enquire as to whether this is the first and only Competent Person that has been approached to sign-off the Drilling Report.

Last year I voted against all board members being reappointed except for JMK.

I'm confused.

I thought the drilling results would be authored by the Competent Person and released by JLP.

Do JLP author the results and then shop around for a Competent Person that's willing to sign them off?

@Kalan

I think you've called this pretty well so far on both a macro and micro level.

What are the next support levels if 2.8p doesn't hold?

Another day, another attempt to spread the rumours of a takeover.

Give it a break.

'It's fully capitalised. No cash injections that are required to make it work'.

Source: Leon Coetzer, CEO of Jubilee Metals, 17/12/2025.

https://youtu.be/04cIP0fb4ec?si=fOQpOlTaS2udc6ho&t=1304

"Work continues on the new dewatering system (Centrifuge) at Roan.

Commissioning is targeted for late March."

Source: Jubilee Metals, 19/02/2025.

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

So, less than two months after saying Roan was 'fully capitalised', they're taking delivery of a centrifuge and building a structure for it.

Some people, not me obviously, might question the honesty of the December statement.

Your desperate copium/ramping with daily attempts to spread the 'takeover' rumour are just as bad.

The fact that he's not exercised his 1p share options suggests to me that either:

1) He's of such moral upstanding that he doesn't consider it right and proper to exercise them and make money unfairly.

2) He's so short of cash, that he can't afford to exercise the options.

3) He has a hunch that the price is going to end up below 1p and doesn't want to make a loss.

Other scenarios may also exist.

Do you mean JMK?

@Kalan

We're close to the 3.2p support level you mentioned in your original post. Are you seeing much support or are we heading straight down to 2.8p?

"If Leon had delivered on just 30% of his promises over the years Jubilee would be at 20p plus."

Leon has only delivered on roughly 30% of his AGM targets, even when the targets are less than 5,000 tonnes. That's why the share price is in the toilet.

@edzi - don't leave us hanging. What did you hear?

"This may well have been moved down for bigger players to enable these large stock transfers to take place."

Do you huff, chase or mainline your copium?

@Happydays43

"But they have a low end target of 4500 tons for this year. Thats a lot more than last year?"

Since 2019 Leon has only achieved an average of ~30% of the targets contained in the AGMs.

Please don't place any faith in the targets or management's 'optimistic' updates. The only thing that is going to shift the needle is results.

The ditch in my garden could look similar if I started digging it out with heavy machinery...

I don't think we can just look at an aerial photo and declare that it might become a Tier 1 asses just because it has a passing resemblance to another mine,

The Sunday Softsoap were kind enough to throw 'Tier 1' into the mix.

You're cross posting about the centrifuge, but I'm happy to answer here.

The shelter they're building has been poorly planned/designed. The roof struts should run parallel to the length of the centrifuge so that it can be craned upwards to swap out the machine. That is basic forward planning. If it ever needs to be replaced, the entire structure will need to be dismantled and then reconstructed around the new machinery. Maybe that will never need to occur and the centrifuge will last for 20+ years, but a bit of basic foresight would have included maintenance in the original design. The machine hasn't been fully commissioned yet, so how do we know if it's going to stand up to constant usage?