RE: Roast podcast10 Aug 2024 09:19
Hi JLP positive
I am totally in agreement with your sentiments .The problems are as a charted accountant I know little about engineering so like many on this board it is difficult to understand what is happening at Jubilee.I know Edzi has been in communication so like me, he also does not fully understand and I for one are thankful that we have on this board people like Seis Mickie and yourself whose sentiments are also reassuring.
What I do know from experience that complaining about issuing shares is ridiculous.There is no way you can turn an insolvent company into a billion rand company without issuing shares.I know because I did it BUT I also know that I was not alone when Merafe became that company.I surrounded myself with people who knew more than me and am forever grateful to Terry McConnachie who became my CEO. Leon has done the reverse . He is the brains behind the engineering aspect of the business but to grow a company of little value into a giant you do need to surround yourself with competent people. The shares are a non issue , surrounding yourself with competent people is the main issue and hopefully that is what Jubilee will accomplish.
I remain bullish