Member Info for Happydays43

Earnings season for Jubilee is not going to be pretty.

BUT come next 12 months... blah blah blah...

13 years and counting....

This sums up the current share price...

https://open.substack.com/pub/theoakbloke/p/jlp-jube-ous-or-jubi-lent?r=3bp137&utm_campaign=post&utm_medium=email

The next big announcement will by the IRH proposal with probably 4 modules.

Leon even said last month it's close. What ever that means...

I agree JLPositive.

Maybe by January when we get the quarterly (Oct to Dec) it should show the true output of copper.

For now I have no idea where the share price is going..

0.3% copper material now becomes 3% copper material.

Baring the perma bulls... market is disappointed.

Let this be a lesson to Leon. Don't go talking about 25 000 ton copper capacity and 4 more modules by end of 2024 and then grossly disappoint share holders in an RNS.

Better to say nothing.

As for the lack of information on chrome and Thutse I'm not expecting much in way of profit.

Leon kept speaking about a quick ramp up and adding 1000 tons a month after the upgrade.

So the only reason why investor are a little confused is because is came out of Leon's mouth.

Even though the copper guidance makes zero sense to me as it's almost what was forecast for the original Roan just before the upgrade..

It's still higher and should only go higher from now on in.

Share price should slowly creep up now.

Seisnav,

Thank you for a really honest post.

I agree that if Jubilee share price had shot up after the update we would all be on cloud nine telling each other how great Jubilee is. Unfortunately the price hasn't gone up so now we question "why?".

Anyone that bought Jubilee shares over the last 3 years are probably down significantly... so there is definitely frustration here... and probably with most pgm miners too.

Leon has done some incredible things the last four years which i recently listed.

But i went back and read the February RNS on projects update and almost everything (80 percent)he said just hasn't transpired and we now in August.

He was talking about 4 modules for IRH and a module for project M by August this year. In fact he said he said he had secured all the long lead in items for the plant for project M and that was February and yet they haven't started building yet.

Look, I know part of Leon's job is to please his investors but giving us timelines that are completely unrealistic and now have been proven to be unrealistic will decimate sentiment and the share price.

There are a lot of moving parts for Roan and Sable and if I'm confused I'm sure most investors are confused as to how much exactly and when this 25 000 tons will actually come to market. Numbers keep changing and market is not interested.

I'm also quite frustrated as to why Jubilee isn't giving us more updates on their Chrome business. It should be thriving? But where is the operation update? What's happened to Thutse 2? Should be producing by now. If he waits for the last minute to say it's been delayed then S will hit the fan again.

The problem is when you don't release on time (their schedule) then the market will look for cracks when the report is released. Seems to happen all the time here.

Let's hope there's no let downs in this report!!!!

What's the point of an investor calendar if they don't keep to it? Market obviously not agreeing with you this time.

Jubilee need to stick to timelines or just don't announce any dates because it's becoming a joke.

Just looking at the chart we almost at the same price we were 4 years ago... around 6p.

In that time we have...

1. Upgraded Inyoni.

2. Upgraded Sable almost twice now.

3. Built a new concentrator in Zambia (Roan).

4. Added the front end to Roan.

5. Deal with IRH.

6. Sourced feed for Sable and Roan.

7. Tripled our Chrome output.

Probably a whole lot more too.

All this investment has to pay off in the end!!

It's why we all still here after so many years.

We might not see a massive improvement for the last 6 months but come end of December there should be a significant improvement!!

1st modular at Thutse expected in August 2024.

My question is does anyone remember when the 2nd Modular is expected?

Even my gold shares have barely moved this year!!

Maybe when Jubilee discover the fountain of youth the share price might start ticking up.

To be fair none of my commodity shares are doing anything even with good news. The market is in a strange place imo.

I think the report will be released 30 days from when Leon bought shares.

A bit concerned we've had no update on Thutse for completion in August.

Raider, hopefully the market will catch on soon.

The company is in a closed period. They can't say too much.

By far the biggest reason for the fall in share price is the massive fall in pgm prices.

Obviously delays haven't helped.

If we see a recovery in PGMs Jubilee could rise quite quickly!!

I've been watching PGM producers report and the metal prices are crippling these big producers!! Something has to change. SIBANYE already saying their American operations could come to sudden halt!

We could see a sharp rise in pgms in the near future along with copper prices.

Jubilee is an EXCELLENT Position now. Great things coming imo.

The share price has room.to triple in the next 12 months.

IF LEONS NUMBERS ARE CORRECT.