Member Info for dorfan01

Charles
Could not agree more.Well said
To me it is so clear.Yes the omnicron virus is rampant but if you have been vaccinated so what? you will get a mild case of flu
We all need to start living again.

What rubbish.Are you suggesting that the Jubilee board are incompetent

Coming from Africa I believe shareholders should stop believing that the DRC is the solution to Cobalt production.
I put it high up with Zimbabwi as a problem country with a problem government.
I would be upset if Jubilee went into the DRC with its present problems

I never thought the Jubilee profits would be as high as WH Ireland forecast for 2022 but have no problem with the forecasts from 2023.
Adding to the list I believe Jubilee will go into Cypress as well as building a second Inyoni on the east limb(makes sense).
Perhaps the plant could be built at Tjate as eventually I believe an agreement of sale will be reached with Jubilee retaining the rights to the tailings. Just putting myself in Leon's shoes

Bass
Are you serious. Every programme I watched there was no balanced reporting.All I heard was that the virus was spreading quickly but symptons were unknown.No wonder everybody was in a panic.
Is closing country's borders sending a good message.
In South Africa I have 2 nieces and three of there children that have contracted the virus .Three are showing little or no symptoms and the other 2 feel it is no worse than the common cold.

jlp P
It is amazing that people always think the worst.I have a son in the hospital business that agrees with Friedland.
I personally believe we are nearing the end of the virus.
Certainly not a time o sell Jubilee

Omicron
The CEO of the biggest hospital group in South Africa has gone on record to state that the omicron virus is bringing out only mild symptons of illness.He compared it to what had occurred to the Spanish Flu as it subsisided.
To me it sounds like we should be celebrating the end of Covid in the not to distant future.
His analysis seems correct as although we are experiencing an increasing number of Covid cases our hospitals are only having to cope with limited cases.

Nelson &Northern
I too believe that the 2023 year will show the true potential of this share with increased pgm copper and cobalt production,and with profits from Cypress maybe playing a part.
What of 2022-
Chrome will show an increase of at least triple profits as compared to last year
Pgm's is the difficult problem,We now know that production will be more or less the same as last year.Bull points are
1 With the new set up production costs should come down
2 The East limb should be helpful to improve profits
3 Prices are still higher than the first half of last year
4 Production of copper even with the late start should be a lot higher than last year
5 We may also be able to produce some cobalt
The main problem is that prices are now much lower than the second half of last year.
As a person who always hopes for the best outcome I estimate we will show an improved profit on 2021 profits, thus keeping up the company's record of improved profits in each successive year.
Only time will tell.

When registering a company you need to state the authorised capital .
The company can issue as many shares as is required but is limited to the company's authorised capital.
However the authorised capital can be changed by special resolution which means the company can only issue up to the number of it's authorised capital.To issue more the company will require shareholders consent

Good News
Price has rocketed in South Africa

Homey
I have had one meeting with Leon which was just after Jubilee had done the deal with BMR and shortly thereafter we then learned that BMR had lost their mining licence in Zambia.
Leon was flying to a meeting with the Zambian Government to try and rescue the deal.What came out of that meeting is now history with Leon being able to convince the Zambian authorities that their production process was good for the for the citizens of the country.So the Jubilee footprint in Zambia was established surely the most important moment in the history of the Jubilee Metal Group the company. So simply, great progress came from a bad agreement.

Shareswotter
Results were released months ago. They will not change. The only interest now is what has transpired since the release of the results. People who keep referring to results are remarkably ill informed.
To all patient shareholders out there I would like to advance a comforting thought.
Jubilee two worst agreements(I refer to Hernic and BMR) have eventually turned out to be complete winners.
There is nothing to beat a fortunate company that is well run.I believe all we need to be is patient and will be amply rewarded for our patience.

Harry
What I don't understand is why somebody who has such a negative perception of the company has not sold out and moved on.
I personally do not think that Jubilee will have another share issue at some future date as I see massive profits from the 2023 tax year which should be sufficient to fund growth but I would suggest that a shareholder asks at the AGM if the board expects to have another share issue in the future.
The issue of shares to fund growth is a positive move.Why do you not accept that fact or as I have said sell and move on.

Kaiser
We got off on the wrong foot but I could not agree more with your assessment of the company.After all I lived through the almost identical process that Jubilee has taken, the small differences being when I took over a company the market cap was R1.28 million (32 Million shares at 4c a share) The company now 'Merafe' became a ferrochrome company with far less potential than Jubilee now has, and like Jubilee I was also forced to issue shares to ensure growth ending with over 2.5 billion shares.'Merafe got taken over by Glencor and at today's prices is worth about 3 Billion Rand having reached over 10 Billion Rand at some stage.(It depends to a large extent on the ferrochrome price)
Like Jubilee is now dependent on the selling price of the metals it produces,so to was 'Merafe' dependent on a fickle ferrochrome price.
To Jubilee shareholders all I can say is that having been in the mining business I am extremely confident that the metals Jubilee producers have the potential to remain high.
The answer to how high will this go is dependent on the metal prices and what Tjate will bring to the party.
Colin and Leon have laid the foundations to a very profitable company which may be worth billions of pounds in the future, and I hope to be on the same ride with them over the future years.

Although the RNS does not disclose much ,the one disclosure that PGM production will be in the region of 50 000 ounces is important as it is now possible to look at an improved profit in year 2022.
Chrome production will be well up and will obviously bring in improved earnings
PGM'S with the same production as last year may not produce the same earnings depending on prices which were higher in the last 6 months of year 2021. I believe prices at the moment are better than the first 6 months of year 2021.A lot will depend on prices holding up, as well as the company having success with improved margins.
Copper should bring improved earnings even though major production increases will only start in March 2022 and any cobalt sales will be a bonus.
With the Cypress JV's if Jubilee does go ahead we can only expect earnings in 2023.
I had hoped the company would show much improved earnings in 2022 ,but am now resigned to the fact that the massive improvements I expect will only show up in the 2023 year.
The wait I believe will be worthwhile

JLPP
I keep reminding myself of a Warren Buffet saying that stock exchanges are institutions used to transfer monies from the impatient to the patient investor.I too am not a seller

JLPP
What a wait for no new information .I agree with your sentiments
The only positive I see is that there is no negative news and everything seems on track for an eventual windfall.
I have no idea of how long we need to wait.

Sumo
Moneyweb in South Africa has suggested tomorrow which sounds about right given that the expected AGM will be about the 8th of December. The results are of little interest as they have been announced but the updates are critical to the future of the company and that is what should sway investor sentiment.

Hi Billy boy
Read it again and I believe I am right but until Jubilee does a RNS we are left to try and work out what is going on.
Hopefully Jubilee will issue an RNS next week

Billyboy
The way it reads is that not Jubilee but that Caerus and Bezant will accept each accept 15% free participation in the J/V's as Jubilee will pay for the plant(Jubilee will claim the costs before the profits are split)Jubilee will finance all costs so will be entitled to the major share of the profits.
That is my take on the agreements.
I presume Jubilee will make some announcement pretty soon