Member Info for dorfan01

I have NO doubt that the fall of the share price is linked to a lack of trust of management who were talking the share up when the company was obviously experience difficulties. I know as I, as the biggest fan of the company, feel that distrust. We are awaiting promised figures on the 20th of this month and if they are not forthcoming I would suggest that shareholders tell management some home truths or else trust will be gone forever.
Warrants and the prices of PGM'S and copper(or cobalt) have nothing to do with the bad share performance. Platinum and Copper are close to peaks when you factor in currency gains from a weak rand and pound (to a slightly lesser extent.)
Unless management share production figures with shareholders(who are after all the owners of the company) there can be NO recovery.
I expect shareholders to ask hard questions at the meeting on the 20th(I will if I am able to attend) as I believe the board has been directly responsible for the collapse of the share price.

There is only one explanation for the low SP. Many shareholders do not trust Leon anymore.
Unless we get decent production figures out soon, I do not see any quick re-rating of the share price.
In the case of Jubilee SILENCE is not GOLDEN

In view of the article it would be nice if Leon,as promised, issued a RNS either confirming or denying if there is any truth to the details disclosed or are we back to the bad old days of non disclosure.
Come on Leon you promised to do better

Thanks Seis
Have you any idea what time period we are looking at. It must be quite a few years.

SeisNav
The article mentions 13 million tons of ****. Is that a sufficient amount to create a long term viable project.
What am I missing?

The most surprising thing to me is why PGM prices were so low with most of the mines producing platinum,threatening not to go underground with load shedding now so rampant, reaching and staying at stage 6. Also from the interview with ex CEO of Eskom it appears that corruption is likewise rampant. Production from platinum mines can only fall.
Today's surge was well overdue.

Scott 22
Your assumptions hold no water.
With copper at $9000 and cobalt @ $40000 Jubilee will be rolling in money at the low cost price to produce.

aqc88
Your comments about South Africa are not accurate . I live here and presume you don't.
Yes there is crime in South Africa and the mining industry is being plagued by illegal miners who are going underground in an attempt to steal the metal being mined (platinum &gold).
They have no reason to steal from Jubilee as they cannot profit in any way by stealing tailings.
It is a sad fact that lack of jobs in South Africa is the main cause of crime but your post is so off the mark and like the rampers on this board I can only conclude you have an ulterior motive. I can reassure shareholders that they can ignore your wild and unsubstantiated claims. Thieves do not go to places where they cannot receive any financial reward.

EDZI I agree with all you said. Unfortunately I am not available tomorrow but would somebody get the production of January,possible February production and estimated 6 months production of all metals.Tell Leon to estimate conservatively to avoid another shocking day if production disappoints. It will at least give us an idea of possible revenues for the 6 months.
Thanks in anticipation

Hi Seis Nav
It hurts to feel so cheated by brilliant interviews which were not justified by the facts yet I remain positive as to the future of the company ,but as shareholders we need to now take a stand. Perhaps there is a shareholder in England that has the ear of Mr Slater,as we need somebody to tell the now unjustly inflated board that their communication skills are non existent. If there are problems shareholders need to know not in February but when they occur and what is being done to rectify the situation.
Am I justified in being critical

Bushy & Ripley
You have had your fun .Please get off the Jubilee website discussing your great exploits in other shares.Nobody is interested in your obvious glee

Groucho
While I think the fall has been overdone nobody believes Leon anymore .It is always a problem if you try to hide bad news.
I still believe the company will continue to grow but the wait will be longer.As I said I believe Leon needs better advice from someone on his board and the company needs to advise shareholders on actual progress far more frequently.

Hi Mickie
I seem to recall that Leon when announcing the deal with Samancor said that Jubilee had some sort of agreement that they would share in profits over a certain price.I therefore hope the Chrome profits will surprise to the upside.

Seis Nav
I get it -the company is in a closed period so we have to wait for figures but I believe production figures could be given.
Also while I agree PGM prices have fallen, which I mainly attribute to a rising dollar, your model while extremely helpful does not give the whole picture as in pound and rand terms the fall is NOT terrible when calculating profits in POUNDS or RANDS
I therefore am not too fussed about PGM prices.
My main problem is that I cannot do an accurate calculation without production figures.

The most puzzling part of the Jubilee story is that the board of directors appear to be oblivious to the right of shareholders to be kept updated as to the progress of the company.
Rampers are being given the opportunity to spook the market. Leon is a great engineer but in respect of keeping the market updated I feel he is being badly advised.
What has the new chairman brought to the party? Very little if anything!
I feel it is a subject that MUST be brought up at the next share holders meeting.
Much as I remain optimistic as to the future of the company the behavior of the share price is a major worry.

HG
What I know is the following regarding load shedding which is pretty bad in South Africa BUT prior to going into tailings Jubilee produced electricity which they sold to government and that was the only source of their income.So they know how to produce electricity and I do not believe that Inyoni production will be badly affected at all.In fact what I have heard is that the platinum producers have issued a ultimatum to government that until the state of load shedding improves they will not send workers under ground so you can expect mined platinum production in South Africa to drop which will send the PGM prices soaring which is certainly a bull point for Jubilee.As far as Zambia is concerned, in a rare surprise, Leon actually responded to my son's email about self same problems in Zambia that a meeting with the Zambian had gone very well.
So I don't feel that gloomy about load shedding.
Sasol is in a different situation as they deal with thousands of petrol stations which have been badly affected by load shedding so I have little doubt that their revenues have dropped.
I am hoping when results are eventually announced that shareholders will be pleasantly surprised how little load shedding has affected results.

Seisnav
I am amazed at the poor reaction of the share price in both London and Jo'burg. I can only see upside if Sibanye is granted a licence to mine Mopani. More tailings for Jubilee ?
I am more and more convinced that the private share holders in Jubilee have not got a cooking clue how much growth potential Jubilee has.
I am hoping for an RNS shortly

With shareholders expressing opinions on whether and when JLP should pay a dividend my opinion for what it is worth is that growth is the priority for where the money earned should go, BUT the paying of a small dividend WILL improve the image of the share and hence the share price. For LTH it is immaterial as we all see the future potential . At my age I don't know if I can say that I am LTH (I hope I can ) so I would go with a small dividend if Jubilee can afford it.
On a different tack and as a person who has been in the stock market all my life (TG) it never ceases to amaze me that the average investor is clue less when it comes to shares.
Take today for instance, the platinum price which rallied yesterday with that rally seemly intact today has chosen to drop the price of Sibanye which is madness with Sibanye so dependent on PGM'S . That situation alone is enough to give me hope that JLP will eventually rally to a price which would encompass it's bright future prospects. Just my take on future prospects

My biggest concern is that Jubilee has to date not received an offer from any big mining company.Why do I say that ?
If I was the CEO of a large mining like BHP,Glencore,Sibanye or Anglo American it would be difficult not to see the massive benefits that would accrue to the mining companies by such a merger.All have millions of tons of tailings from their mining activities which they will need to treat not only to, increase profits by billions of dollars but also to clean up for environment purposes.The added benefit of acquiring Tjate would also be a consideration.
Am I missing something ?

Ella 10
I believe Leon attended a meeting with the Zambian authorities and is very happy with the results.
Hopefully a RNS will be issued shortly