Member Info for gotreal

Someone change HDs nappy.... A RNS doesn't have to be released tomorrow... it could be up until Monday.

No, he was using that to justify the issue of the shares, Sumo .... £2 mill value of shares secured the right to the initial $30 mill gross value in contained copper (not the value of the extracted copper at whatever % they achieve)..... plus the right to buy the rest of the heap, so close out any competitors in future. I think it was put that way in response to what he knew would be a negative reaction to a share issue by saying hey, for £2 mill look, we secured $30 mill of copper....plus the rights to the rest of it. The non-productive asset covered the cost of the acquisition of these first 200Kt, yes, and is worth whatever the two parties agreed the value of the 200Kt at.

The RNS states: "In support of the Company's accelerated copper production strategy Jubilee has prioritised the processing of new higher-grade copper feed material while reviewing the option to trade, where appropriate, a portion of the vast quantity of surplus lower grade stocks it currently holds and that do not form part of the Company's short to medium term production plans." The assumption was that they were looking to sell low grade copper tailings to another copper producer whereas it seems that a Zinc processor is interested in them and that funded the high grade copper tailings acquisition. This is creative thinking.

@Chester - they have already stated they will acquire any further material from this high grade stock will be acquired from cash flow - NOT shares.

Directors talk!!

https://www dot *************interviews dot com/jubilee-metals-ceo-on-accelerating-copper-production-lonjlp/4121186229

https://www.***************************/jubilee-metals-ceo-on-accelerating-copper-production-lonjlp/4121186229

"q2: now, the issuance of shares, even though it’s a small amount to support the transaction, comes as a surprise. what motivated the decision?

a2: of course, share issuance is always a very sensitive topic and something the board takes extremely seriously. what really drove this particular decision was the opportunity set, the opportunity set that not only are we able to buy this high-grade material from our cash reserves to get going at roan and start clawing back, but at the same time to be able to secure the exclusive right to the full quantity of this vast amount of high-grade material that’s come onto the market.

that’s why we took the decision to support the cash investment with a small equity commitment to the owners of this material."

Its a pointless post.... why post it?

More whining?

When the SP was 21p we weren't producing copper!

I think, James, you are just stirring the s**t..... CH has no incentive to sell cheaply and even several times the current price would be giving away the assets once proven. Dream on ....

Slightest hint of positive price movement and the knockers creep out of the woodwork to slyly undermine the positivity.... Nelson, Morley-Kirk is an old lag... he is beyond being keen and professional to please like a lapdog and will be working for the best interests of the company. Slater will know the unaudited results already so he isn't waiting for them. Leon would be nuts to say in February that the IRH deal would close in March after such a lead time if it wasn't nailed on. There was no date published for when H1 results would be announced so they are not late, nor chaotic, nor is it appalling and with so many operational updates in the pipe it is hardly surprising that an announcement hasn't happened yet. As for Ardbeggar's "Let's play a game and predict the good and the bad news and see who's right. .... all a "fun" guess..." You're very wrong in every way. And right on cue Kalan pops up to dampen things down as well, still touting his 4p valuation "My lazy valuation at current copper prices and 6,500 t of copper guidance (OPTIMISTIC! (so, I'm probably being generous)) is 4.3p." while claiming to be waiting for the new ISA year to "buy even more".... Its almost amusing....

He said as recently as last month that the IRH deal would complete this month. I think you are wrong in your "view".

According to Draslovka's figures, on initial testing the recovery rate of Copper was over 80% and the commercial leaching trial was due to complete in February.

Nelson, in the update of 6th Feb he pretty much said that the IRH deal will be finalised by the end of this month. A rash thing to postulate if not true. "In addition, Jubilee is concluding final details of the due diligence on the Large Waste Project with expected conclusion of the transaction as per the terms of the agreement during March 2025."

Pt just over $1,000/oz; Pd @ $970 and copper heading to $9,900.

"Nice cut and paste again gotreal - you are king great at it." Its a simple and effective way of demonstrating facts, Kalan.

NO! YOU can't work them out! They can and do....but Frog and others can't expect to have that level of detail.... And they do have a FD.

"Jonathan Morley-Kirk

Interim Finance Director

Jonathan qualified as a Chartered Accountant in 1986 and held directorial positions at Samuel Montagu & Co and SG Warburg Securities in London before moving to Jersey in 1995."

Of course JLP know what the costs are!! But you don't tell the world your commercial secrets and they are not going to tell us this detail. That is the point.

Nelson .... this is Africa.

There are so many variables in the costs of production, you would never be able to compute the exact profitability at any time. Expecting to have management account level detail is unrealistic. As was pointed out, the copper price has varied 10% since we acquired the ore ....