Member Info for gotreal

So they're making it up, Chatterer?

I don't know, Gray, maybe JLP will pay them to take them away.... 🤡

Without labouring the point that NO ONE KNOWS what JLP will receive, regardless of what they claim, the RNS states "The value of the 10 million tonnes material TRADE is estimated at US$6.75 million." The value of the TRADE is $6.75 million .....

Of course, as it is estimated it could be MORE than $6.75 million ..... 😉

Hahaha.... I won't call you a liar.....

You know this Gray?

Bluebelly .... maybe pigs will fly?

Slater selling 15%, probably for tax purposes at this time of year, doesn't mean he is exiting. Given his past investment record in JLP it would be an unlikely scenario, but only he knows what his intention is.... "The jam tomorrow mantra lacks any credibility at this point IMHO." Maybe you would like to explain that given the issues that have caused the current malaise have been rectified?

Why do you think it is the Mumbwa mine, chaps?

Seis, just as matter of interest, in the Zeus update they identify Poject G as being the Grovenor (their spelling not mine) Open Pit Mine; have you managed to identify where this is located as I can't find that name on Google maps anywhere..??

Hahaha... pots, kettles.... language Timothy!

Gervaise Heddle is a money man with some deep mining experience from GGP; he has no experience as a processor. Ollie is on board to form relationships if needed with a far longer CV with far larger players than Mr Heddle. Why do people assume that Leon does it all? He has an extremely competent team around him on whose advice he relies. He isn't some kind of dictator, unilaterally making decisions.

Why?

And who do you think is going to replace him?? 😠

I wouldn't worry too much about us missing the copper rally. The commodity boom is only in the early stages but the supply chain is still suffering the hangover from the last commodity price collapse that began in mid-2014, especially in oil and gas, but also echoed across mining and other resource sectors. China’s slowing infrastructure boom and a flooded supply pipeline crushed metals prices. Think copper, nickel, iron ore — all hit hard. Juniors vanished, majors consolidated, and risk appetite dried up. The mantra shifted from “grow at all costs” to “return capital, reduce debt.” This created a kind of institutional PTSD and companies have been reluctant to reinvest aggressively even as prices have recovered. That environment has shaped the last decade. Even now, with prices rising, many producers are cautious, afraid to invest for fear of boom-bust before their capital can be multiplied, with it taking an average nowadays of 18 years to bring a new discovery into functioning mine production. https://www.spglobal.com/market-intelligence/en/news-insights/research/average-lead-time-almost-18-years-for-mines-started-in-2020-23 And ESG pressures make new project approvals even harder. So as demand increases there’s just not enough fresh supply waiting in the wings. That's where we are now and that’s what makes the setup for this next cycle potentially explosive and why JLP is so beautifully positioned now to capitalise on it. As I have said several times before here, it is SENTIMENT that drives share prices which is why I tend to get ratty with those who SPECULATE negatively, which, to me, seems a wholly irrational pastime if you are a genuine investor. If the FACTS are negative by all means discuss why and what might be the cause and resolution, but to simply vent anger at your unproven perception of events when with a small company like this, a sizeable proportion of the investor base is going to read your negativity and possibly have their sentiment toward it influenced, to me is madness.

Zeus View.

We were originally expecting a ramp up in copper production and profits from Zambia, but the delays caused by the power outages in Zambia have reduced our expectations. What we can say is that we expect copper production to ramp up from here as Jubilee appears to have a solid plan in place to maximise production through Roan and to increase the number of copper units going to Sable from its open pit projects. What we should never forget is the contribution

from South Africa. The expansion of chrome production into a new chrome price boom with prices recovering (Exhibits 1 and 2) is serendipity and well-timed. In H1 with declining chrome prices and a stable PGM basket price Jubilee achieved an overall EBITDA of $15.5m. With better chrome pricing, ramping up copper production and stable PGM production we expect Jubilee to be able to exceed this H1 EBITDA from its operations in H2, so place a minimum EBITDA expectation of $32m from operations (and before Group costs – Group EBITDA was $13.7m for the half year) for FY 2025. We believe Jubilee has returned to its growth profile and we can see the upside from here.

Its not under JLPs control, there is an international effort coordinated by the World Bank to address the wider problem.... https://www.worldbank.org/en/news/factsheet/2020/12/17/zambia-mining-and-environmental-remediation-and-improvement-project . JLP is working actively with local communities to improve conditions and the lives of locals.

We are due an updated Copper target. From the Zeus update on 6th Feb: "Full year copper guidance will be reissued after a 4-6 week test on the new material and its recovery through the Roan plant." This may be the reason no RNS has been issued yet. Zeus summed up "Our forecasts remain unchanged: Zeus currently only forecast for FY25 and we feel that with the new higher-grade copper material that Jubilee might be able to catch-up on its previous production guidance and so keep our forecasts unchanged with respect of South Africa (where we are in line with current guidance of 1.67Mt chrome concentrate and 36koz – Zeus estimate 1.7Mt and 36koz respectively) with Zambia copper production – cathode copper and copper-in- concentrate which was previous guided at 5.9 – 7.5kt copper – Zeus estimate slightly higher at 8.4kt copper for the FY ). "

No, Frog, we don't..... and neither do you.

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