Member Info for dorfan01

Gotreal

I fully understand why the share price is so low. It is a lack of trust that the company can produce what they say they will.It is a direct problem that has arisen because of the lack of news when the company was having load shedding and water problems. I can't believe that the new chairman can allow that sort of situation to happen again.

I am only bewildered that the bigger company share holders who must know more than us are not taking the shares at this price. What are your thoughts on present situation

Orion

I am as anxious as you but just relax. If something has gone wrong they are obliged to tell us. You are like those share holders at the moment who are selling their shares because of the past.Silence does not mean bad news.

Hopefully when we do hear from company the share will react to the GOOD news

Sorry that was hopes up and don't believe PGM was affected by load shedding

Seis I don't like to get my hopes us as we have been let down so often but I don't believe that Jubilee's pgm production was affected by load shedding and I must say that on the JSE today there are very few sellers and the share is trading at 176 (up 3c) and the lowest seller is now at 190.

If we do not get a RNS this week I will try and contact Leon by Email next week

Hi again Seis & Gotreal

I don't know if you have seen the other web site but there are claims that Leon HAS replied to emails and it appears he is very happy with what is happening and has promised a RNS real soon

Seis Gotreal

The only thing that will shut Bushy up is eventual profit figures. Until those arrive I would keep him on filter

Hi Seis . Looking at your figures I know you are being conservative as you have added nothing for the eastern limb in South Africa or the Northen limb in Zambia plus other deals being negotiated in Zambia which I hope will come pretty soon as the Zambians are demanding new jobs and I can't believe The Zambian authorities will not include Jubilee in their future plans. They need Jubilee as much as Jubilee needs them

Hi Moneyman

You are quite right.The EFF would be a bigger disaster than the ANC . South Africa on it's way to a steep cliff would fall over the cliff if the EFF came in but that can only happen if they try to arrange if they get together with the ANC.

The blacks I speak to do have brains and they are mainly talking about voting for the Action Party where the leader Herman Mashaba is a no nonsense pro business man(much like the Zambian president) but some are talking about voting for the Democratic Alliance even though they are considered a white party by many.

Anyway the only way to keep out the ANC will be a coalition of all parties except the ANC & EFF.

There is a chance I think !

The EFF and ANC are not exactly close so they may chose to go in with the anti ANC alliance .

Hopefully the ANC +EFF will receive less votes than all other parties otherwise the EFF will be making difficult demands if their votes are needed

The main hope is for the ANC vote to fall to 30% and the EFF not to increase votes.

IMO the next election will be critical to the survival of SOUTH AFRICA and I do believe there is hope for a good outcome

Hi Moneyman

I live in South Africa and speak to many black people who also fed up with corruption and load shedding and for the first time I actually believe the ANC will take a bad beating in the next election so I believe there is at last a chance for a better government here as there was in Zambia. While I agree that PGM & copper/cobalt prices are disappointingly low but the ironic fact is that in rand terms they are not.

The silver lining is a rotten currency so South Africans are not as badly off. If only they realized that fact they should be buying here. In pounds there has been a smaller benefit due to the strong dollar.

I think all we need do is to wait for our ship to arrive

Gotreal

Like you I believe Inyoni production has not been affected by load shedding but extra costs have been added to keep generators going. I live in SOUTH AFRICA and at a cost I am not affected by load shedding so I cannot believe Jubilee has not sorted out the problem. However it has caused the share price to side. An RNS assuring shareholders that production is ongoing would help to stop the slide.

Hi Mickie

Yes I too have sorted out my load shedding problem that is why I believe Jubilee should now have no problems with load shedding.In fact the load shedding should prove beneficial to Jubilee.I expect cost of production to go up due to extra costs caused by the load shedding BUT the platinum miners are the companies that are most effected by load shedding as going under ground becomes problematical resulting in falling production for platinum miners, and as South Africa is the biggest producer of PGM'S I am confident that eventually the price of all PGM'S will have to rise. The increase in prices should off set increased costs and then some. Everyone seems to agree but PGM prices at present remain subdued due to talk of recessions world wide. I believe it is just a waiting game before metal prices start to rise.

The Gambler

I fully understand your sarcasm as any new excuses will be devastating for the share.

I am waiting with bated breath for the next update which I pray will put all our doubts to rest.

All I can say is that living in South Africa load shedding is a disgrace but there are ways to deal with the problem and have no reason to doubt that Jubilee will not be impacted with production problems.

The next RNS will be the game changer

Seis

Thank you for your input it is much appreciated .

This post concerns your opening remarks on your second last post "I am always of the opinion that too much information is better than not enough" If only the BOD agreed with you. Residing in South Africa the load shedding we face is a nightmare BUT I am almost positive from reports that it has not affected our PGM production in any way. If only we got an RNS to that affect it would certainly boost the share price.

The only benefit South African residents can get is to invest in a company earning dollars which is a massive benefit thanks to our tanking Rand yet the price of the share in South Africa is less than the London price.Investors are really not that intelligent.

I am not only referring Jubilee but also a share like Sibanye Stillwater which is also at the lowest price it has been for a long time.

Especially for South African investors I cannot see a better investment than those 2 shares

Nelson

I too have been a CEO for what is now, a successful company ,with a market cap of 2 Billion Rand from beginnings of a market cap of R1.28 million and I agree with most of your sentiments.

A least with CB on board the company took a great decision to change course laying the foundation for a company which should be a great growth story (and hopefully will still become that company.)

Yes the BOD is not responsible for load shedding or water problems but the they are guilty of not informing share holders of the problems which was their duty, to both inform and advise how they would respond.

They have now done so BUT with load shedding that has got considerably worse in South Africa I would have expected a follow up RNS as to how successful they have been with coping with the new problems.

Until we hear good news the share price will continue to struggle.

Maximus

While I have no idea if your theory holds water my take on the weak share price differs in that the market now distrusts Leon due to his lack of transparency when production was impacted by load shedding and water problems and ONLY decent results or a some good news via an RNS will change that.

We were told that the Zambian president would make a decision by the end of April regarding the tax problem but typical to the way share holders have got used to, it is now the 11th of May and the silence is a major problem.

I was really hoping that the company had learned a lesson that silence is NOT GOLDEN but I am exceedingly disappointed that we have heard nothing.I think LACK OF TRUST is the major problem

Mickie
It is hard to believe that a deal that will be so beneficial to the Zambian economy creating many new jobs is taking so long to be announced. The tax problem is surely easy to sort out and is of little consequence when looking at the bigger picture.
It unfortunately is having an affect on the share price as it is time for one of Leon's promises to become a reality.
I suppose we all need to exercise patience but management should surely see that an announcement must be made as soon as possible

Mickie
The analyst did say on a like for like basis he expected PGM production to be up around 25%

I note that my post where I gave you my phone number to contact me so I could forward the article on to you was deleted by the authorities I presume. I received a whats up from one of my friends who sent me the article which came through on his cell.He believes the analyst is from MONEY WEB which is a prominent company.
His profit figures for 2023 is pretty close to those of Seis Nav but expects profits from platinum to surprise to the upside due to the better prices of PGM'S lately. Copper production he expects to be 3000 tons for the year.
He also draws attention to the expansion of PGM'S on the east limb expected to reach 25000 ounces per annum as well as expansion in Zambia. His final remark is to tell clients to buy below R2.30 (10p)

Top analyst in South Africa has just issued a BUY recommendation of R2.30 (10p) based on latest reported figures.
He confirms expected increase from the East Limb of 25000 ounces of pgm's when up and running.
2023 Year end figures should also show improvement based on higher prices from PGM'S now expected

Happydays
Living in South Africa I believe we need to buy shares in company's earning dollars to protect us against an a rand that can only weaken with the present party in power. Jubilee fits the bill perfectly with it's growth potential and my belief that the price of all metals produced by Jubilee appear to be good bet to improve in the short term.
Rhodium now appears to be following Platinum and Palladium with a good rise lately. Copper and cobalt prices have the potential to rise from what many consider a bargain price.
Load shedding in South Africa is a disgrace caused by Zuma and his Gupta friends BUT that is what will be the main driver for increased PGM prices as platinum miners are reluctant to go underground with load shedding reaching stage 6
Especially for South Africans I can see no better investment