Member Info for dorfan01

Seis Nav
It is rare indeed to disagree with you, which I now do ,as to some investors your statement on PGM'S being worth twice as much two years ago is not correct in either Rand or Pound terms. As the price is quoted in dollars you need to take currency profits into account.In fact in Rand terms the the PGM basket may even be higher than 2 years ago.
Once I get my figures together I will do an accurate calculation.
As I have said repeatedly currency profits are real and should be factored into any calculation.

The best part of the RNS was that shareholders received factual information mainly in line with expectations. The share price had no reason to drop or rise .I therefore feel that RNS has created a floor price of 9p in London and R2 in South Africa.
As production of PGM'S and copper/cobalt improve the share price will go up especially if I am correct that we are just entering bull market on PGM'S and copper.
Of course we are aware that there will be future deals which will assist the growth of the share price

Happydays
I agree with you. In South Africa we need to know if load shedding (stage 6) is having any impact on production. We have been told that the company has been able to deal with the problem but some reassurance would make a huge difference to sentiment and as you mentioned reassurance of progress in Zambia would see the share price fly.
I live in hope that we will hear some good news pretty soon

Hi Northen,
I fully understand shopping trips although I hate them since my wife's illness are important to the ladies.
Have a great time in South Africa and bring a torch.
By the way you will find bargains due to our miserable rand

Hi Northen
I stay in Pretoria and would love to pay a visit to Inyoni with you .Pretoria is sort of on the way to Brits where Inyoni is located and I do know some good restaurants in Pretoria. Also I can try to arrange a trip to Leon's offices in Pretoria through some contacts I have. Pretoria is not far from Joburg and quite near Brits
If you are interested let me know.

Hi happydays
it is not often I will disagree with Gotreal who is passionate about Jubilee but here I do agree with all sentiments you express. I mainly agree that we need better and faster communications from the company.
I believe you are being realistic in your concerns.

Hi Mickey
Metals produced by Jubilee are not only off their lows but many analysts are predicting that it is only the start of a massive rise in pgm's, copper and cobalt prices which the world will need if the 'green objectives' are to be achieved.
Distrust on account of bad communication will only last hopefully until the next RNS. After that has been issued in believe it will be full steam ahead.

Chartopper
It is unfortunate that communication from the company has been dismal to date and has caused a drop in the share price and has given a platform for bushy and his ilk to bandy out figures which he certainly cannot prove into his posts (At least the ones I read before filtering him)
I look forward to the day when Jubilee will turn potential into profits if only to shut him up.

Happy
We are on the same page

Happydays
Of course you are right. Bad figures in the next 3 months or no further progress reports on Mopani, Chambishi & Mulfulira in Zambia or further details on the East Limb in South Africa is a game changer for me.
I agree to invest in promises is a no go.

Happydays
Not Really a reality check.If you agree with Seis but question the time line does it matter you might have to wait a year or even 2 to be part of the a highly successful company. The share price will take a little longer to get to 20p

Seis
Thank you for reminding me why I invested in the company. There is massive growth potential in both countries.
Maybe I am to impatient and I can only hope communication will improve as the company grows

Happydays
It is one thing to read the rubbish that bushy sprouts and another your concerns which are real and affects all of us LTH .
If you read the main Jubilee website it describes a company that will produce 25000 tons of copper by 2024 (not long to go) and 5280 tons of cobalt. The company is definitely quick on promises and slow on production in respect to the Zambian operations. Yes I know there was a water and load shedding problem but I believe in fairness to share holders we need new and sustainable production figures going forward.
From experience I know it is time consuming to build a company from nothing to a viable company,which with the help of my CEO (Terry McConnachie) we did by firstly buying a closed chrome mine,secondly by attracting investment from the Royal Bafoking Nation to help with the building of 2 ferro -chrome furnaces,but at all times we were careful to give our shareholders an up to date progress report something that Jubilee has NOT done.
I want to make it clear that I believe Jubilee can still achieve their goals but from now on I expect better communication skills and transparency.
I will only remain a LTH if I see an improvement in communication.

seisnav
It is galling that bushy (who is cluttering up my filter site) and shorty seem to get much pleasure in running down Jubilee BUT our day is coming when I expect both to retreat with their tails between their legs.
Everything is working in favor of Jubilee at present and I for one cannot see any more disappointing announcements in the future.I just hope that the company has learned that the faster they announce production figures the better.
What is killing the share price at the moment is the silence. A decent RNS giving updated information is all that is necessary to stop the share slide,

PGM

As I was trying to post, some share holders in Jubilee must still be spooked by the bad news received. Hopefully transparency has been learned and that should never happen again.
Jubilee's must be the only PGM company that has not seen an increase in it's share price today which shows the lack of trust afforded to the company, whose growth prospects are improving daily.
I am sure that all we need to do now is hang in there and watch our wealth grow.

Jubilee must be the

For all of us that believe that the Jubilee share price is hopelessly under valued I suggest you read the South African Mining Weekly where the consensus on PGM is that it is those metals that will be the savior of the country with sales that will exceed 7 trillion$ per annum. They also mention that the low prices of the PGM'S will be very short lived.
Certainly gives me a better view on Tjate

Gotreal
Thank GOD for that.I was about to join you with bushy in my filter .I know we are both on the same side.Your post came as a complete shock.For the record I agree with you that Jubilee is hopelessly UNDERVALUED

Gotreal
I don't understand your post. Maybe some investors have not thought about currency gains

SeisNav
While I am aware that the drop in the $ PGM prices may have played a big part in the drop of the share price I question whether that should be a reason for the tumble since imo the drop in prices of PGM is mainly due to dollar strength and those shareholders in South Africa and England (to a lesser extent) have not been affected by anything close to 35% and in fact in Rand terms we have hardly been affected at all being cushioned by the currency gains.
Currency gains are real but I believe unsophisticated shareholders only use $ prices in exercising their judgement and I have little doubt that buying into a company earning dollars is a GREAT reason to invest in company's like Jubilee as protection against the fall in local currency.