Member Info for dorfan01

Leon did a wonderful deal in Zambia (Mopani)which was to be financed by the issue of shares
First Point The deal can by no stretch of imagination be regarded as dilution when shareholders before the deal could have expected to earn 3p per share and after the deal 5p per share .Those calling it a dilution are hopelessly off the mark.
Second Point The deal required the board to approach existing shareholders to raise the funds needed .To do the deal it would have required to disclose the company's finances and prospects.All Well and Good.
One of the biggest obligations of a Board of Directors has is to see that NO shareholder has more information then another as to the prospects of the company which could lead to Inside Trading.Those of us calling for the same information that Slater received have every right to do so and for those that suggest otherwise are also hopelessly off the mark.

All we need to know from Colin is what does Slater know that the market (other than Slater) does not know.
With so much going on in the company surely it is time to know what is the result of the Inyoni upgrades.What sort of increase in PGM and Chrome production can we expect .
As far as the Mopani deal is concerned it would be nice to get a timetable on Copper and Cobalt production going forward.
As far as Cypress is concerned it would be far better to get information from Jubilee than eagerly examining each announcement from Caerus of which there have been plenty.
Surely now is the time for some sort of update

Keiser
I do agree that Mopani was a game changer for the company,but is also a game changer for me,as I am now relaxed about the future of the company and while I am upset as the price goes down it hardly matters anymore as I have little doubt once Mopani kicks in we will see a dramatic increase in earnings for both copper and cobalt.I also don't doubt that PGM's will continue to enjoy above average prices and at the moment they are holding their own in the face of much bearish comment.
In all the years I have been investing in the markets I know that most investors when confronted with falling markets tend to sell their winners, not willing to take a loss on their losers, which has proved to be a losing approach in most cases.
I believe Jubilee still has many shareholders showing decent profits, so that could be a reason for the weakness in the share price as those investors look to take a profit.
Time will tell if those of us who believe in the company will be well rewarded, as Mopani has turned me into a LTH

There is hope that some news may surface.
At last some movement in the share very late in South Africa .UP 2.77%

Our appeals seem to be falling on deaf ears.
As Mickie has advised we all express our concern at the AGM on the reporting (or lack thereof)
After all shareholders are the owners of the company.

Mickie
Good post . I agree with all your comments.
After all we are all on the same side.

Scott
The Jubilee financial reporting is woeful and also unfair on PI who are not privy to information that institutions no doubt can obtain from the company. My postings show my frustration.
I live with the problem as I am extremely bullish on the company's prospects.
I do intend to take the matter up at the next AGM as it appears that emails from PI are also ignored,

In my opinion investors have no idea as to the profits Jubilee will make from copper and cobalt.Also I am not pessimistic that PGM's will take time to recover so overall Jubilee will now have major profits from 3 sources.Add chrome perhaps Cypress and Zinc etc.
We can all relax the share price can only go up

Gotreal
Very interesting article thanks.
If we are in agreement that stock markets are receiving a great benefit from the printing of money does it not mean that is why markets are high and not likely to fall much and 1929 is not likely to be repeated.
Is it just another impelling reason why Jubilee is a great place to park your money ?

As a South African shareholder, and with the rand weakening very badly against the dollar and pound, and unlikely to recover unless a political party that understands the importance of attracting overseas investments comes to power(we saw it happen in Zambia) we are domed to a weak rand.
The only way to try and stay afloat is to invest in companies such as Jubilee that earn their income in dollars.
When the penny drops here I believe Jubilee will be a much sort after company.
It is amazing that Leon has been interviewed so many times in London and never in South Africa so Jubilee is still relatively unknown in South Africa with even the company brokers who appear often on Summit(our top financial program on TV)know nothing about the company which they have never mentioned.
It has helped those of us who did a bit of homework to pick up shares cheaply.

Billyboy
It means
Cash to buy today
3 Months pay today the price shown delivered in 3 months time
Dec 22 pay today price shown delivered in December 2022
Obviously there is an expected increase in price.
You buy forward if you believe prices will exceed the prices you need to pay today to secure the order

Can anyone who believes that charts assist them with their buying or selling decisions explain to me how is it possible with all fundamentals indicating that the shares should increase in price the bar charts are indicating a sell.
I have always believed that your own investigation into the company is the answer to successful investing,even more so when I see charts showing a sell signal at the present time

kwadoku
I have never met Colin but my son went to an AGM in London,spoke to Colin and found him to be very pleasant and gained the impression that he knew his metals.
When I decide to invest in a company I like to know as much as I can about management and my son and I did meet with Leon who was most impressive. I was lucky that I knew Terry McConnachie and discussed the company with him.
He pointed out certain problems with the original Hernic contract which changed wen Leon renegotiated a new contract with Samancor.
At that stage I knew the company had a great CEO and decided to invest boots and all.Leon does have a good name in the mining community in South Africa

I now understand why most investors lose money in the markets.Do those investors who are selling their shares at the moment think the know more than Slater's.What a vote of confidence!
Like all thinking investors I look forward to the future with renewed confidence for the following reasons
1 Slater's vote of confidence is huge
2 Cypress looks better than I thought and I expect an RNS shortly
3 Copper and Cobalt -All I read about is how companies are trying to get into the business of producing these metals
4 PGM's seem to be staging a recovery
5 Renewed trust in the management with Leon repeatedly coming up with wonderful news.

1 Slaters vote of confidence

JLP
Thank you for the presentation -very interesting
My original thoughts were that Cypress would be a side show increasing earnings,but not significantly but it now looks like it could be much bigger and better than my original thoughts. I especially like a tax rate of 12.5%.
So much to look forward too

Gotreal
You are dead right.Investors must be able to see the difference between a company that is forced to do a placement to keep the lights on and one to grow the company. The last placement was clearly to grow the company.
Long-john your point is well taken and I have given much thought to a possible crash.
While nobody can predict the future my feeling is that with so much money being printed and while interest rates might rise I don't believe they will go much higher ,and with an investment in property no certainty with the change in work habits since the virus I think if there is to be a crash it is unlikely to happen in the near future.
All that extra printed money is likely to find a home in markets.
I may be wrong but just my thoughts

zoro
If you think as you do there is an answer just sell
In a company in South Africa of which I was chairman, and when I took over, the company was insolvent with a market cap of R1.28 million (32 million shares at 4p).By the time we were ready to trade the company had issued 2.5 Billion shares.
Tobin is right but it is all about trust .You need to trust management IF NOT SELL.
Those that trusted me and my CEO, who was Terry McConnachie (ex Sylvania CEO) did well as we created hundreds of jobs and our profits rose into the billions,earning hundreds of billion rand for the country.
I believe Jubilee is travelling the same path I did and I say to you DO NOT listen to those that talk about Colin's Cannon.
IT IS A NECESSITY TO GROW THE COMPANY.

Mickey
The smart money is buying. I have seen it all before. Most PI's lose money in the market as they react as they did yesterday and panic sell. After all when Warren Buffet was asked how to make money in the market he said buy when everyone is selling and sell when everyone is buying.
Believe me that is the right stratagy

Mickie
All I can say is that as far as I am concerned the last two RNS's regarding the direction the company is taking to produce copper and cobalt is the most obvious game changer I have ever experienced.
My only surprise is the reaction of the share price.

Gotreal
Thank you for the post. I really felt good reading about Jubilee's commitment to better living conditions for the citizens in areas where Jubilee are at the moment. Shareholders complaining about Zinc,Lead etc will do well to remember the phrase Rome was not built in a day.
As a pretty large shareholder I have the comfort of knowing that while Leon is taking steps to ensure a great return for us shareholders , he is also helping to improve living conditions or non shareholders.
The best of both worlds