Member Info for dorfan01

Sumoskier

You are correct not to expect fireworks until cash in the bank and production figures for both chrome and copper finally dispels the negativity of many investors and some stupid posters on this site.Jubilee is now like a volcano ready to erupt

The South African investors at this stage seem to be a lot more astute than London investors but the company remains undervalued on both the LSE & JSE

Interesting that Leon is not trusted by so many shareholders .I agree with Jonah that if I was in Leon's shoes I would certainly not be making optimistic claims so I now believe he is now telling like it is.

There was much to like about what he said, and I for one believe that it is only a matter of time before Jubilee becomes a billion dollar company. You pay your money and make your choice.I know what I choose !

Exactly eshaiten

A J/V with Jubilee will enhance profits of the IRH.

In my lifetime I have never seen anybody walk away from a deal so beneficial to them.

Doubters are way off the mark

Kalan

I try to see the facts as they are.In my opinion you have made a few good points but I must question why you are ignoring the proven production of chrome and PGM 'S .Jubilee is or should not be cash flow negative as you stated in your last post and I for one is disappointed that you have overlooked proven chrome and PGM production where they are now making a lot more from chrome and are one of the few PGM producers that are still making a profit .You are not wrong that Jubilee must still show decent profits on copper but dead wrong on chrome and PGM'S

Thanks Kalan

I agree that the faster we get some copper news the better.Unfortunately with the bad history of communications by the company no news now equates to bad news but I am puzzled that there were 3 large deals after 16.35.17 and the LSE does not acknowledge the sales How can the range be 5.6-5.7 with deals being done at 5.8 &5.81 after 16.35.17.

I would be pleased if somebody could enlighten me

Mickie

I am looking forward to an announcement of production figures . Even the biggest pessimists will be surprised by the revenue being produced. I am afraid that at this stage it is a waiting game until increased production is known.

The company has been extremely fortunate that the copper price and chrome price have been doing so well and with the increased PGM basket we are definitely invested in the right company

Happydays

What today's share price shows is just how little the market trusts Leon. I am afraid that we will have to wait for results to hopefully restore the trust.My take on the situation is that Leon has since the electricity and water fiasco done very good deals and for that reason I remain hopeful that Jubilee will grow into a very successful company, I have paid my money and made my choice. I too am very frustrated with what is going on at the moment but I believe that those of us who can exercise a degree of patience will eventually be rewarded

Platinum really motoring.

If platinum carries on rising the quarterly profits for Jan-March and April-June could surprise to the upside as copper prices look strong at above $8500 per ton. We do need to hear good news for a change

Hi Edzi & Seis

With so many astute tipsters tipping the share as a buy it makes perfect sense that the 9 million options are being sold forward and that could be holding back the share price.Option holders are in the business of selling options at a profit and most are not interested in becoming LTH.

The price they paid for the options suggest it was at a time that Jubilee was struggling to keep the lights on.

In the long run the options are nothing to fret about

JLP positive

Nobody knows more than me about Merafe (after all I started the company) BUT do JLP shareholders know that Merafe earns only slightly more than 20% of the profits with Glencore in the J/V earning nearly 80% of the profits. That Merafe is doing so well is due only to the price of chrome.Jubilee are getting into a position to earn more than 20% of the profits.

The other factor is that in growing the company we also needed to issue shares and Merafe shares exceed 1.5 billion.

With copper Jubilee will do well if they can keep their share capital close to to the present amount .

All those posters who continuously knock Leon should really think before they post. Yes Leon has made mistakes BUT when it comes to deals he really has performed miracles.

Some examples are 1 The original deal with Hernic was not great but he changed that 2 The deal which got Jubilee into Zambia was originally shocking but he changed that.3 He has since then done great deals in South Africa and Zambia.

I for one am extremely happy with Leon as CEO

Why is the share price not reacting to so many tips from credible tipsters ?

1 Leon shot himself in the foot with faulty time lines and being over enthusiastic

2 I also attach blame to shareholders who use charts to make a buying decision.Charts to not take into account fundamentals changes until it is too late.

I still believe once copper production is at least as specified the share will react positively

LUFC1111

Careful what you say or butter will attack you for your opinion.What an Idiot only he can express his own opinion

Hi Mickie

I have finally come to the realization that people have no clue about investing. They cannot wait for a company to grow and need to see cash in the bank.Just who is selling now is a mystery. I cannot believe it is an institution perhaps it is a big holder like me who needs money to live.Times are terrible in South Africa but the government whoever it is needs Jubilee to make money to pay taxes and create jobs.

I believe the Zambian government realize that Jubilee will do both (pay taxes and create jobs) and when I spoke to Leon he went out of his way to empathize the good relationship Jubilee has with the Zambian authorities.

I have decided to stop worrying and remain patient waiting for the dramatic increase in the share price which is IMO a CERTAINTY

Mickie

I am puzzled at the share price and worried that us optimists may have missed something. I have looked at the 6 monthly figures again and like you I only see upside for the company. With the deals done lately I would have expected the share price to double only to be disappointed day after day. Perhaps Leon should be asked at the meeting tomorrow if there is anything we should know that may be causing a problem. I doubt it but would welcome his confirmation that everything is on track. While I know investors can be a stupid lot the share price does point to something amiss.

Heroric

I will not filter you as much of what you say is true. BUT let me explain what is balance ?

I was Leon's fiercest critic after hearing his promises without any fulfillment .

Lately he has made deals for which you give him no credit. That IS NOT balance.

All I am saying is that you should wait and see ! Why have you not sold yet ? I think that somewhere in the back of your mind you believe that Jubilee will come good.

I will be the first to criticize if it becomes clear that the promised copper production does not materialize.

It does take time to build a company

SEISNAV

Having saved a company by going into ferro-chrome I am well aware that prices can vary considerably> It is the luck of the draw. Terry McConnachie who was my Merafe CEO before he became the CEO of SLP admitted to me that he was very lucky that the platinum price went to $2000 just as the company got going.

I don't therefore deny that the prices of the metals produced is the MAJOR factor to consider when deciding to invest in a mining company(in Jubilee case the investment is in technology)Shareholders need to take that risk. I believe we will see improved prices in PGM'S some time in the future but agree credit should be given to Leon for diversifying