Member Info for dorfan01

Kalan as you read the situation is Jubilee a buy or sell at this stage

Well done to the Jubilee CFO .There is a definite change of sentiment in South Africa.

At last we have some news that things are not going badly

After eventually my post should have read released

Hi to all frustrated shareholders who complain that communication is letting them down to which sentiments I agree .

We have on this board a shareholder (Thank you Seis Nav) who has done his own calculation of earnings and revenue so my suggestion is we look at the results when they are eventually and see how close they are to the figures put out by Seis Nav .

If they are close or even better as I believe Seis Nav has been conservative then it will be easy to see how Jubilee is under valued in both pound and rand terms.For the moment forget about the share price .

I have

Just had a fresh look at the jubilee web site which gives a clear picture of what to expect in FY 2014 and targets for FY 2015

FY 2024 Chrome 1.4 million tons, PGM's 42000 ounces, Copper 5850 tons Waiting to see if figures are accurate

FY 2025 Chrome 2 million tons, PGM,S 44000 ounces, Copper target 25000 tons but there is also target 16000 tons for Sable and 13000 tons for Roan (29000 tons) so which is the correct figure beats me .

This does not include the waste rock project which is a J/V with our Arab partners where it is insinuated that start up will be in the 2025 financial year. These are amazing figures which have been promised and I can only hope will be achieved .

The web site is impressive and the figures will give us a reason to instill trust in the board.I look forward to the day that I can say that I personally trust the Jubilee board

Edzi I like you for being blunt, Mickie I like you for being such an optimist.You are both great guys.I happen to think that more often than not Investors haven't a clue and sell low and buy high.Don't let their actions spoil a friendship.

We will know within the next 6 months if Jubilee will become a great company or not.At the moment we are in the dark as to the possibilities of company mainly as we have seen no growth from copper.That could and should change soon.

At this time as a LTH I chose to remain optimistic that Jubilee will come good.

Eddie

I think it has not helped the SP as the video does not show the final product (Copper) It is certainly impressive but our wait remains until copper production is announced

Sorry about all the extra Hi Mickie's. My computer went mad

Hi Mikie

As you say worth a read.

As we the shareholders are in the dark as to what targets the company is likely to reach as copper production increases annually over the next few years, some sort of estimates ( which must be conservative)put out by company will do wonders for the share price.I would urge the directors to consider such a suggestion.

Hi Mikie

Hi mp

Hi Mickie,

Hi Mickie,

Hi Mickie, As you say worth a read. If only Jubilee set copper production targets for the next few years it would allow share

Happydays

Your comments on Edzi are extremely unwelcome.I happen to know he has not lied about Ollie or anything else.

Just like Edzi I believe that the low price of the share is due to bad communication.

I have also had a meeting with Leon and while I found him very approachable (a nice guy) and he strikes me as a person that will admit to bad communication. I have every confidence in him ,my gripe is with Ollie who as far as I can tell has done little to improve the company's image.I hope that I will have to eat my words one day.

Seis

I am rather hoping that the board has learned a big lesson that it is far better to under promise and over produce than vice versa which was their original problem and is the reason that the company is so mistrusted by the market.

It is the only acceptable reason I can think of.

Hi Eddie

Until we hear otherwise there is much to be grateful for. We have not heard bad news and to date there has only been good news with the SA elections good for the country ,copper and chrome prices staying high and even PGM prices improving.

Keep hopeful that the prospects of Jubilee will continue to improve

Thanks Seis

Just confirms my astonishment

The lack of trust in the company is frightening where so many bull points are being ignored. Platinum prices look to be improving copper & chrome prices remain high, and the new cabinet announced by the South African president shows a startling improvement to the previous cabinet. Almost all shares on the JSE have reacted positively to the new government ministers now announced (Jubilee being a notable exception) and with so many analysts stating that Jubilee is under valued, the share price of Jubilee continues to disappoint.

Either we LTH are not seeing something or Jubilee is now a screaming BUY.

As an optimist I believe the second scenario

Gray

You are correct. Communication or lack thereof have been so bad that trust in the company has been lost.We will only see a recovery once shareholders see profits roll in.The fact that LTH are criticizing the latest RNS which was fantastic is part of the problem as they fail to see the bigger picture where we have an issue of shares which will increase profits far beyond the cost that Jubilee are paying for the ore is a further consequence of bad communication where there was a promise of no further share dilution. All I can say is that without share dilution the company that I chaired would now be insolvent but is today worth many billions of rand. SEE THE BIGGER PICTURE HAPPYDAYS AND OTHERS

Probably Happy days but the real question you need to ask is Will it be cheaper to borrow the money or dilute in the LONG run

Happydays

Your remarks make no sense at all Yes it increases the share capital but will also increase the dividend you receive .That is NOT DILUTION

It is mystery to me that some investors regard dilution as a major problem.Surely there is a difference of dilution to keep the lights on and dilution to ensure growth. The dilution to me is the biggest bull point as it is not only to ensure growth but also shows the faith of the companies that wanted to participate in the growth of Jubilee . If they see the potential why should I not ?

I think the new dilution is great and shows that the copper producers want part of the action

Lots of trading at 7p

Gives a measure of comfort that good news will follow