Member Info for dorfan01

Hi Mickie Billy and papa. Nobody could be more optomistic about Jubilee prospects than me. The only problem I had with the brokers note was after years of double digit growth in the period when Jubilee really starts with its copper treatment and production and builds a unit that will be able to treat 80 tons of chrome tailings and not to forget the massive increase in PGM and copper prices reading a note which shows negative growth for the first time since starting in the tailings business was particularly galling and I believe not possible. papa Leon has not yet replied to my email. I also phoned the South African office and left my telephone number so I have to wait and see

Billy Boy The big deal is that Jubilee since their start at processing tailings have shown double(or triple) digit growth from quarter to quarter and the broker note clearly shows negative growth in the final two quarters of 2021.
This, in a half year where Jubilee commences significant production of copper and builds a 80000 pm unit to process Chrome and PGM'S. I expect both the South African and Zambian divisions to show good growth
I believe negative growth in the 3rd and 4th quarters of year 2021 is not creditable and I believe impossible, unless there has been a non disclosure of a problem
Don't get me wrong I am a firm supporter of Leon and I have little doubt that the present half year will prove WH Ireland wrong and show double digit growth.

No Excuses I honestly don't believe that especially with photographs on the Jubilee web site showing the new facility ready to go. Also of the PGM's produced at Windsor 1 40% went to Northam.
The 60% we lost will be easily made up by the new Windsor (we only had 2 months production in the first half as well as the new Inyoni facility. What about copper ? I believe the WH Ireland brokers note is hopelessly incorrect and has caused the drop in the price of the share

Craig read my post under sponsoring brokers. WHIreland's brokers note is predicting a fall in second half profits as compared to first half profits in 2021. I believe that this cannot be right and have emailed Leon in this regard and I am awaiting a reply.
I believe a useless and untrue brokers note is causing all the damage to the share price

gshivers I have emailed him.I will let the board no what is going on if he replies

I need help from somebody but mainly Leon.I have just been through the WH Ireland brokers note in detail and more than ever I believe the Jubilee share price has risen, despite the brokers and NOT because of them. Please point out if I have made a mistake with WH Ireland expecting a drop in profits in the present 6 months as compared to the previous six months.
IF I AM RIGHT WE NEED AN URGENT RNS FROM LEON TO MITIGATE DAMAGE TO THE SHARE PRICE
YEAR 2021 Revenue estimate 113.3 Half year to December 53438 so expected revenue in second half 59862 TOO LOW?
Year 2021 EBITDA estimate 56.5 .Half year to December 28907 so expected EBITDA in second half 27593 First drop EVER?
I prefer my own estimate of EBITDA closer to 70.
LEON ?

Jubilee has 3 sponsoring brokers WH Ireland and Shard Capital in London and Sasfin in South Africa. As an individual investor it is proving exceedingly difficult to work out the true value of the Jubilee share but from snippits of information I gained from the latest accounts and CEO and chairman reports it is clear to me that none of the Jubilee's brokers are covering themselves in glory.
I am an investor in South Africa so I will start with Sasfin. I am a regular watcher to channel 412 which deals with the business news and STOCK PICKS . TWO Sasfin brokers appear often on the programme but have never mentioned Jubilee even when the presenter expressed surprise at that rapid advance of the share price. They appear to know nothing about Jubilee.
Shard Capital Last issued a brokers note on the 14th October 2020 enough said
WH Ireland Have now issued a second brokers perhaps because members of this chat group including myself expressed disgust with the first brokers note which merely repeated figures mentioned in the RNS. While I understand that brokers do not want to set the bar too high I feel their figures are far to conservative.
To me copper is the unknown at the moment but chrome and PGM's figures can be calculated with some degree of accuracy at this time. In the half year just completed Jubilee produced 28187 ounces of PGM (with the Northam deal 40% produced at Elandfontein went to Northam) and I agree with many of you that Northam served a purpose but Jubilee will be better off without that deal ) I can calculate that the tailings treated to produce the 28187 ounces fell far below the 250000 tons pm that Colin stated that Jubilee will be able treat when fully operational .The PGM's and chrome were responsible for at least 29 Million of the calculated profit of nearly 31 Million pounds and will soon increase that profit in my estimation threefold. 87 Million pounds a year before copper ,cobalt,zinc and vanadium.I am looking forward to the next few years.

Yes I see Simply Wall Street have lowered their fair value from 24p to 15p, All the more reason why Jubilee's stockbrokers who should have better information do a more accurate assessment of fair value. After all why should the Jubilee appointed stockbrokers receive payment.
I believe the last brokers note from WH Ireland was a waste of good paper.

Does somebody post on the above website.If you do please advise sb that simply wall street values the company at 24p .He has misread the site

Does anybody know in treating 3 million tonnes of chrome tailings how many tonnes of chrome we get out.If I knew that figure the calculation would be easy

We also need to know how many ounces of PGM's will be produced.
I have used simple arithmatic in that calculation. My calculation is if we produced 28187 ounces from 319834 tonnes of chrome what can we produce from 3 000 000 tonnes. that figure is mind boggling

Sorry it loaded the message before I had finished.If we can treat the 250000 tailings pm to produce chrome and PGM'S the present share price is far to low based on only platinum and chrome profits Jubilee will make. With copper cobalt etc I can see why the institutions are so keen to buy into Jubilee and how WH Ireland are so reluctant to value the share.Do the sums they are mind boggling.

Of everything I read on the interims the above statement was the most surprising.If in fact we can produce simple arithmatric suggest that we do not even need profits

Gray1 Well said.I could not agree more otherwise why does the company have 3 brokers (2 in London and 1 in South Africa)

I am unhappy with the brokers note. Surely from the information they have they could come up with some estimate of annual earnings after tax. That would be useful in deciding the actual growth the company is liable to achieve.
Oh well back to my own drawing board to decide the true value of the share

Well done Happy .I arrived to late.I have little doubt the share will finish UP today

I am sure (hope) that the London shareholders are a bit cleverer than some South African shareholders.Not much new in the RNS but no great problems either with everything on track. Recovering in South Africa now.Learned a lesson - should leave buying orders on at lower levels.Could have made safe and great profits this morning if I had done so,
I can't believe the thought processes of some people

What a reaction ?Down 8% in South Africa, just proves some shareholders should not buy their own shares.Cutting this message short trying to buy more

Surely if there was a problem at Northam we would have had a RNS from Leon or it would have been mentioned in the Northam accounts which have just been released.Where is Wester getting his information?.I have a different story about contacts.I suggested to a good friend of mine that he buy Jubilee which he did at R2.20 .He owns a store and was serving a customer and while talking ,he discovered his customer was in the platinum business. Owning Jubilee he asked the customer if he knew of the company. The reply came back that everybody in the platinum business knew of Jubilee and they expected the share to go to R10. By me that is a better(maybe more remote) contact and one I would rather believe.

GShivers What about Winslow's and maybe DCM and announced expansion. If the full second half year's production does not increase substantially I will be very disappointed