Member Info for gotreal

Merely your opinion....

Alright edzi, you've said it.... and yes, too many times to remember. And you have sullied your reputation by saying things that should have been private between you and members of the board, if you were professional. Plainly you realised the board is not interested in your solicitations so now you are happy to air your grievance in public and repeat the same message and in so doing you are diminished.

In reply to you, Gray, you can try to turn the argument around and make what is written here and elsewhere out as trivial but plainly you don't want to recognise that share prices are largely divorced from actual company financial performance and the only time that they truly align is with a bid. The rest of the time it is not at all uncommon to have a company performing well but external factors, for example, in JLP's case, power outages (which have now been largely mitigated), feed into how its prospects are PERCEIVED. As a result its share price may be in the doldrums..... or alternatively it can fly on no apparent underlying financial success , merely hope value (look at HE1). This is SENTIMENT.... and everything which can affect whether sentiment is positive or negative can play its part - including what stories people tell and how they tell them, based largely on their opinions, on bulletin boards, which the silent majority then read. The most extreme example being GameStop where sentiment was to demonstrate people power and fight the hedge funds that were shorting it and buy the stock, and in so doing drove the share price through the roof, far beyond any realistic valuation based on its financial performance, and several hedge funds went bankrupt. Sentiment can be overtly influenced like GameStop but is generally covertly so by how a company is portrayed, including on BBs, which is why often write-ups in the mainstream press or by influential bloggers causes a share price to surge. The company is unchanged but the perception, the sentiment, has been. It simply comes down to how punters FEEL and anything which influences that EMOTION will affect the share price through their buying and selling....or mostly doing nothing, as now. But as Nelson has just admirably demonstrated there is far more to celebrate than bellyache about, so maybe the repeated negativity will stop??

The number of people who read this and other boards but never post will be many, many, many times the number that do. And there are only a few thousand PIs. And every time they read it and read doom and gloom and constant criticism, much of it pure speculation, the less likely they will be to put some/more money into buying shares. If that isn't obvious I don't know what is. No, it shouldn't all be good news... but some seem to take almost delight by starting the day summarising how grim everything is... in their opinion. Improving sentiment requires an optimistic viewpoint and reminders of just what fantastic progress has been made in the last few years, not constant, daily dwelling on and emphasising of issues when we have NO IDEA of the reality on the ground.

Summit: "If you want the sp higher we need more investors. ...." Yes, but what drives them?

There is only one answer to that question and that is SENTIMENT. How people FEEL about what the company is aiming to do, what plans it has to achieve those aims and how well it performs in executing them while at the same time running day to day operations which enable the execution and generate cash to pay for it all. Plainly, the latter is affected by commodity prices, over which there is no control, and management of operations, which there is.

Operating in Africa, a continent with well recognised challenges means that the best laid plans can go astray and often do. Few that read the various bulletin boards truly appreciate the basic challenges, and therefore make appropriate allowance, of getting things done: acquiring skilled staff; of operating with temperamental and unreliable infrastructure; of operating in an environment in which corruption is baked into every day interactions etc. Management can attempt to anticipate the impact of these things, which is why having experienced, Africa-inured executives is vital, but they can never mitigate them entirely. When investing in Africa that is a risk that must be accepted. But forever criticising them when plans do go astray based upon a perceived, but blinkered, European idea of how things should work is short-sighted and leads inevitably to poor sentiment toward the company, and an unwillingness to invest until, precising, "they prove they have mended their ways..." and "everything is running smoothly and at maximum throughput". To keep harping on about perceived failure and "how s**t everything is" and "the board should resign" and "results won't be up to much at all" and "they promised (never) not to issue more shares" is not in the interest of ANY shareholder who wants the share price to multiply, when there is no rational reason for doing so. If you think it IS rational to do so, maybe you shouldn't be invested here, if indeed you are. Ask yourself, therefore, what those who do keep spinning negative lines, often very subtly, appearing to be understanding of the challenges but still portraying the company as incompetent are trying to achieve, knowing that potentially thousands of people will read their "learned" ramblings and possibly be influenced by them? It’s all about the optics.......to use the currently "cool" phrase.

There is ONLY one thing that drives people to buy shares and that is SENTIMENT. So, if you really want the share price to rise, be very curious about the bona fides of those who almost always (they will throw in the occasional positive comment to appear to be on side) only seem to post in ways that undermine positivity toward the business and its leaders, and instead focus on the towering operational achievements, some of which HDS fortuitously listed earlier, of the last few years.

Summit, you know there will not be a dividend. Why raise it ..... again? One has to doubt your bona fides.....

I can assure you, none of those upticks are mine, they are comment on you.

>> edzi - "Seeing as we have heard noting and they don't know what and when they are going to build for the IRH deal, " how do you know this?

Keep banging that drum, Gray.....

Basically readers, Gray says don't expect very much and don't expect the share price to improve anytime soon.... so maybe find somewhere else for your money.... Nothing to see here.

Kaiser, remember that tonnage figures quoted are for contained copper NOT actual tonnes of product, so to an extent, the percentages are academic and we cannot judge what is a good recovery percentage because we don't know the make-up of the material input. We must trust the team, as the experts, to know what they are doing and not keep questioning their competence as some seem to want to do.

Options are part of his overall remuneration package; if he hadn't been granted them he would probably have received an enhanced salary but options give him the opportunity and the incentive, based on performance of the share price, to get a much greater return than the salary uplift and at the same time save the company the cost of paying him more. It is in effect a sacrifice of salary and to claim that they have cost him nothing and he has no skin in the game because of them is frankly ludicrous.

Don't bother Mikie, Gray has a need to make it a negative.....

GW, he has many more options ....

Yes, sure.

HDS ... when Leon talks tonnage it is contained copper - not actual tonnes of concentrate.... which will be roughly 3 times higher.

Nelson, I think the financial discipline introduced by hiring Neal will largely dictate options. The key to me going forward is to use cash generated to fund further expansion; further dilution must be avoided at all costs as it is two steps forward one step back, made more painful for holders when shares issued have no tie-in for a protracted period. If the claim is that the owners of an asset to be acquired want to participate in the future upside of JLP growth then there should be no objection to being tied in. Even then such transactions create future potential overhangs that can hurt if prevailing market conditions are poor. As can be seen from Chrome, the distributed processing model can pay back incredibly quickly once properly operational and, with copper prices remaining buoyant and likely to go (much) higher, should be hugely cash generative and this should be the source of growth finance either directly or to service term loans. We have been diluted enough!

Https://www.marketscreener.com/insider/LEON-COETZER-A0MQ9K/

Profile

Leon Coetzer is currently the Chief Executive Officer & Executive Director at Jubilee Metals Group Plc since 2012.

He is also a Member at The Institute of Directors, a Member at The Southern African Institute of Mining & Metallurgy since 2010, and an Executive Member at the South African Council for Natural Scientific Professions.

Previously, he served as the Chief Executive Officer & Managing Director at Braemore Resources Ltd., a Member of the Research & Development Council at Anglo American Plc, the Vice President-Engineering & Project Development at Sabina Gold & Silver Corp., and the Head-Process Control & Instrumentation at Anglo American Platinum Ltd.

He completed his undergraduate degree at the University of Stellenbosch.

Good job your opinion ain't worth jack ....

From first entry into the country, Gray1.....? You wouldn't have a clue where to even start......

To counter the ongoing negativity we repeatedly read from voluble posters, consider how quickly Chrome was ramped up....

Https://theoakbloke.substack.com/p/spicy-as-a-jlp-eno

All very subtly negative Gray1 ..... well done.