Member Info for Happydays43

No one jogs or walks at 430am in South Africa.

My suspicion is that QSMEILY456 (other sharechat) is also HARMPROF. They we both sending messages at obscene hours in the morning 3:49am and 4:12am

and both complete whack jobs!

I don't think they will let him out the psych ward..

Yip, is this still planned for commissioning 1st quarter next year? That would mean its half way built i would assume??

Not much said in the last RNS.. expected that's its "being planned" no dates given this time round

Leon was ready to release some sort of Drilling Results in July. Then we were told it was been done by a competent persons. Does that mean GLR has already been doing the drilling the last few months?

Bottomsup, has the drilling not been passed on to GLR? looks like they been given 8 months.

28th May RNS

An on-site processing plant is being planned, with funding discussions ongoing, for the low-grade ROM that incorporates a copper leaching, solid liquid separation, and copper precipitation circuit. Implementation of two 60 tonnes per hour (tph) processing units (30 000 tpm per unit) are targeted with a combined production capability of 350tpm of Cu units. Implementation of the second unit is scheduled to follow approximately six months after the trials on the first unit.

Extended pilot trials are scheduled over the coming three months to include the copper precipitation processing step to confirm the optimal composition of the copper precipitant for direct refining at Sable. The implementation of the first copper processing unit at Munkoyo is targeted for commissioning by end of Q1 CY2026.

Gotreal is very happy and that's all that matters.

Ardfook, are you nuts??? You want to give Colin $10 million to get our 24% back ... you having a laugh aren't you. What a dumb idea! So they put in 700 000 and we give them back 10 mil. Bahahaha. You a funny guy.

"What should we do? Initial thought

I'd say keep 10m in reserve from the sale of SA, get the drilling results done and see how Galileo are going, if it makes sense buy them out to inhouse the skills and fully own the resource again, then we keep CB or not as we want."

There's no way they would only have to put in 8 months work to potentially get 10 to 15 years life of Mines profit at 24%. In no real world does that deal make sense

You forgot"potentially"

Will glr continue to run the mine after the 8 months are up?

Don't you mean central Zambia!

Metal, so GLR get 24% the raw metal then what... sell it back to Jubilee to process?

Leon said they would need to set aside 9 million to build the process units at Project M.. so I'm really trying to understand if this is a fair deal?

What exactly are GLR entitled to? Equity in the mine... but what exactly does that mean?

Anyone with a sensible answer please?

What exactly does GLR 24% equate to?

Surely not what is processed at Sable. What exactly are they getting.. profit wise? Does anyone know?

If Leon doesn't get a drilling report OUT VERY SOON THE MARKET IS GONNA DEMOLISH THE SHARE PRICE.

6 months ago... absolute joke

Issue of equity

Jubilee also announces that Mr Colin Bird, former chairperson of Jubilee, has been issued 5 956 950 new Jubilee ordinary shares (Shares) to settle an amount of £200 000 in lieu of his services to Jubilee and in conclusion of his performance incentive. The shares were issued at the 30-day volume weighted average share price of Jubilee on 23 May 2025. The Shares are subject to a twelve-month lock in period from the date of admission.

Didn't JLP recently issue shares to Colin as a good buy present?

Now he's back and the cookie jar is full again... well soon to be