Member Info for dorfan01

Frog kid
I am amazed that with the Leon admitting in a recent interview that the company has not been updating private shareholders that nothing has changed.It is as if they don't care about the share price.
I am sure a shareholder like Slater is receiving information that is being denied to private shareholders as I cannot see Slater not expressing concern with the a share price in free fall.
But I have a new issue with the shareholders that cannot take off a few hours of their time to at least try to find out what is going on.
Unfortunately I live in South Africa but for what my family has invested in the company I would be sure to attend an AGM if it took place in this country.
Has nobody invested directly in a Slater company allowing him to approach Slater to get his input into the Jubilee investment.
That being said in time an investment in the company today is likely to reap huge rewards.

Can anybody that attended the AGM post if there were any questions asked.It would be nice to know current production of PGM'S ,chrome,copper and cobalt. The price improvements are great but do we have problems with our production.
What about the East Limb and are we getting a quarterly update as promised ?
What of the development on the Zambian North wing ?
Anybody able to oblige ?
To me the market does not seem to trust Leon's glowing reports in all the latest interviews.
Time to release actual figures Leon.

The Gambler
So have I. Easy to run out of money trying to support the share.
I think (know ?) it is a wonderful time to buy the share but I must say the consistent selling is very worrying with Platinum ,Palladium Copper rising and the share keeps falling. In Rands and Pounds our revenues should be soaring but confirmation of that being the case would calm a few nerves.
I am not buying or selling until the figures are disclosed.

I wonder how long Leon will take to realize that interviews and photo's will not cut it, as a help to the share price. While us the LTH of Jubilee shares listen to the interviews and see the photo's and are no doubt encouraged by what we hear and see ,the promises of updates are continuously broken.
Instead of interviews can we not get an RNS updating production figures. I will bet many of my Jubilee shares,if that has improved as I believe it has, we will quickly see the selling dry up.
Will somebody bring that up at the AGM.

My fascination with Jubilee began for the wrong reasons,as I bought into the Tjate story. I then remained interested in the company ,as I approved of the new direction the company took with the production of metals from tailings.
When I discussed the company with Terry McConnachie he warned to be careful as the Hernic deal was more in favour of Hernic than Jubilee (No blame can be attached to the Jubilee board as the company had to make a start somewhere)
What has happened since has led me to believe that my growing investment in Jubilee is well thought out.
Two strokes of good fortune happened. Hernic sold to Samancor and Jubilee received the benefit of a better deal from Samancor. Jubilee then did a deal with BMR for the express reason of getting into Zambia and as things turned out the loss of the licence by BMR turned out to be a win,with Jubilee able to form a close relationship with the Zambian government.
Now, although investors complain about the drop in PGM & Copper prices ,no account is taken of the depreciation of both the Pound and Rand against the Dollar. As I see it it is another stroke of good fortune, as at the present exchange rates Jubilee should be improving earnings in Pound's and Rand's substantially.
So the million dollar question is why the share price is not reacting to all the good news. It is the ONLY copper and PGM share that has not improved.
While I do agree that the average investor follow the herd, irrespective of fundamentals ,it is time for Leon to announce production figures for PGM'S ,copper and cobalt(if we have produced some)as I have little doubt that many shareholder's are tired of the promises and need to see actual results.
It is in my opinion the sole reason for the unbelievable low share price(never mind inflation or the war)
Those attending the AGM, PLEASE bring the above to Leon's attention if you are in agreement with me

over $8000 dollars in one day up 8% .And platinum has also been a star performer. Also the currency depreciation has brought the prices in pounds and rands close to new peaks.
The worry is that the share price has not risen.
I really believe the market is waiting for the quarterly report (if it comes) before it will react to to the increases in prices of both metals. For some reason the market is not believing Leon's enthusiasm and is rather looking for confirmation that increased production is taking place

Absolutely
Investors fixated with drop in profits where plant was stopped to insure massive growth.
I have told everybody involved(including myself) to BUY.
After all there it is not often you can find a share near it's bottom with such great growth prospects.
In the right metals in a new industry.What is not to like?

What I don't understand is why posters on this board keep referring to a drop in earnings as a result of copper being as low as $7500 and platinum at $930
If you take time out to do a small calculation both prices in Pound & Rand terms are close to their peaks.
There is no room for pessimism

Homey
You also deliberately left out the currency depreciation of the Rand & Pound which means that in Pounds & Rands both PGM'S and Copper are near peak prices.
Your posts continue to be so negative I don't understand why you have not sold out.

six
What your summary is not taking into account is the massive currency profits Jubilee will make both in pounds and rands,so I expect hopefully better profits than you anticipate.
It depends a lot on what rate the company uses.
In fact both copper and platinum are trading at near peaks in pounds and rands

Living in South Africa I watch the dollar/rand exchange rate but I am pretty sure that the dollar/pound exchange rate has followed the same % downgrade.In rand terms we need a copper price of $7700 to exceed the revenue Jubilee would earn when the copper price was $10000.By the same calculation platinum at $920 would exceed revenues that Jubilee was getting at $1200 an ounce.Both of course in Rand terms.
Sumo the board to not seem to acknowledge that no news is equivalent to bad news in shareholder's minds, but just maybe they think that good news in this bear market will not do much for the share price and are delaying production figures which will be well received in a recovering market.
Anyway I dream on.

Sumoskier
I agree news would be nice

It is amazing that shareholders ignore ALL fundamentals when they panic sell.
Have they stopped to work out how much extra profit Jubilee is making as a result of the strong dollar.
I am extremely happy to have invested in a company that earns dollars. PGM'S and COPPER are below their peak prices but if you calculate the RAND DOLLAR exchange rate or for that matter the POUND DOLLAR exchange rates we are pretty close to peak earnings.
In the present climate shareholders should seek out company's selling their materials in dollars.

Here in South Africa the price is R2.30 while if you apply the pound/rand currency rate 12p equates to R2.46 so it is little wonder although I too am overweight the share,I cannot resist buying more at these prices.
Only time will show if we are the only clever investors at this time.
The ONE thing I have learned during my long investment career is that there is no better time to buy shares than in a BEAR market where fundamentals are disregarded by panicky investors.
Unless a problem emerges of which we are not aware,shareholders buying now will be RICHLY rewarded.
That s my assessment of the present situation.

I always thought that if any company would make a bid for Jubilee, Sibanye would be a candidate.
It would be an interesting development if Froneman took an interest in Mopani .

Seis
Thank you for the post.It is amazing where you find the articles.
I believe that shareholders should ask themselves who has the knowledge as to the future potential of Jubilee, investors like Slater or Cogito or the doomsayers posting on both Jubilee boards.
The answer gives the decision as whether to invest in the company or not.
If shareholders think they should listen to the uninformed by all means sell ,but I remain patient that eventually shareholders will be rewarded.
Also how many shareholders understand that investing in a company earning $'s is the only way to go with both the POUND & RAND at all time lows.
Bear market or not I expect a spectacular recovery in the JLP (JBL) share price.

Heroric
What you say makes no sense at all. Your post infers that the Jubilee share price will not go up,so I would suggest that you sell to save further losses

I there something that I am missing , with the massive depreciation of the rand and the pound, to a lesser extent, against the dollar the Jubilee profits have increased substantially over the past few in both Rand and Pound terms.
I hope Leon will issue a three month update to silence the skeptics.

It is by far the most informative and bullish interview I have heard.
What is most hopeful is that I learned that Leon, when questioned on the fall of the share price, is like me, aware of the reason for the low share price which has been lack of trust from company disclosures and I believe the company will now make an effort to instill that trust.

Not bad for platinum and palladium copper and cobalt. With the rand(and pound though not as bad as the rand) so weak earnings have increased substantially. It just confirms to me that most investors should not be in the market.They buy too high and sell too low. While I have a substantial holding I cannot resist topping up.
The shares are certainly undervalued .Shareholders just need t exercise patience.