Member Info for Happydays43

Hi Dorfan,
Yes my concerns are 100% genuine. I'm a big holder in JLP. And yes I do get frustrated sometimes and go overboard but I genuinely want JLP to succeed. It feels they almost across the finishing line. I wish them all the luck in the world.

Investors want to see more ounces and more tons been produced.
Its obvious JLP need to prove that Roan is capable of producing at nameplate consistently. This is were we are at the moment.
It's been about 10 days since 85 percent. We should be at 100% nameplate by now and im hopeful for an update so we can start ticking up. The rest of the producers are enjoying a nice rally on the back of higher metals.

Gotreal, aka Ostrich aka Mr. Titanic...
You do know people that paraphrase are morons. Which makes you a .........

The question is Redroy, have JLP actually started the upgrade to ROAN yet. I'm assuming nothing till we get confirmation in form of an RNS. Leon said they were going to communicate with the going on's at Roan and the upgrade. So as far as I'm concerned nothing is happening yet as we've heard nothing official, only what he SAID in the interview. Two very different things.

We hit our numbers come May ,7p will be a distant memory. End of.

Yes Dorfan, everything has come to a head. Leon has pushed out ( not exactly his fault) everything to the point the market is absolutely fed up. I do feel for him as he must be under enormous pressure now. If he had been more truthful last year I think the market would have given him more leniency. Now that water and electricity can not be blamed there is no where to hide. I'm taking what Leon has said as the truth but this is the final time.

And Dorfan, I've been waiting 13 years now. I'll be out if what Leon has said doesn't come to light over these next 3 months. There are plenty of majors on discount at the moment paying great dividends as well.
We all in different stages of our life and everyone should do what's best for them. I believe these next 3 months are make or break for Jubilee in terms of what ROAN and SABLE can ACTUALLY produce. If they hit target I'll stay if they don't I'm out.

The reality check is.. what's on paper and what happens in real life are two different things. Less talk more action and more ACTUAL numbers. If we were hitting target Leon would be the first to let us know. Like I said these 3 months are telling.

Seis, I'm a fan of yours and appreciate all your hard work you put in and share with us.
I do have concerns though.. for JLP to go from 3000 tons to 24 000 tons per annum by end of 2024 I'm sorry but that's impossible, surely even you can admit that. If you look how long it's taken to get Roan straightened out ( and it's not even there yet) how can JLP possibly produce 24 000 tons by end of 2024, that's only 1 and half years away. Refurbishment of a second refinery would need to basically be on the go right now. I'm sorry but we at least another 2 years out and that's if we close out the Mopani deal. Anything to do with TAX and who owes what doesn't sound good and personally I don't see this issue going away anytime soon hence the major changes at Sable and Roan (which is a good thing). Yes Leon can say the president is getting involved but honestly I doubt he can wave a magic wand and make it disappear.
Below is on their website which I'm surprised hasn't been updated.
"In 2022 design work for our second copper processing facility in Zambia, Project Lechwe, was completed. This project targets a production level of 7 500 copper in concentrate per annum by the second quarter of calendar year 2023"

My best guess is that we hit 10 000 tons by June 2024. I can't see any other projects built or refurb and commissioned this year.

Everyone needs a reality check here.

The fact is all truths will be revealed over the next three months.

I remember the last 6 month target was revised from 3700 tons to 3000 tons. We missed that target and only produced 1200 tons.
Now this half is only 1800 tons. Blady hell we going backwards here!! How on earth was 10 000 tons ever in the picture . What a FUp
Makes sense why the share price has been in a free fall this year. What a shambles. And still no production figures out this year.. and more silent treatment as we back at 2 year lows.

I apologise I honestly thought the target was 3000 for these 6 months. Well then I'm.not surprised by the share price performance.
The original 10 000 ton estimate through me off. So we only going to produce 1800 tons over these 6 months. .. that's pitiful..

The 3000 ton forecast is from Jan 2023 to end of June 2023.

The simple truth is that we are now into the second quarter and we are clueless as to how much copper and cobalt we have produced this year.
The forecast is 3000 tons for end of June and that is now physical impossible as there has been no update yet that we hitting 800 tons a month which is what would be needed to reach 3000 tons. The share price is down for a reason, never think you smarter than the market. Yes its cheap but it's cheap for a reason.
Until Leon updates the market that we miraculously producing 800 tons a month this share will go no where fast.
All these recent interviews mean nothing until we see numbers and I'm afraid the numbers aren't adding up.

Just say Slater looks to make 100 percent on his investment. We looking at he share price to go up to 30p.

Some one can buy the share now at 7.2p and sell it at 16p and make 110 percent profit.

Shows you even the best in the game can't get it right so let's not beat ourselves to much about the share price as frustrating as it is.

All of us long term investors know the true grind Leon and co. have put into Jubilee and we will be rewarded in time. All ot takes is platinum, copper or cobalt to go up and the share price will surely rise. And funny enough those are the exact metals that are and will be in great need.

Was expecting a decent comment from our Chairman..?
At this point the share price needs all the confidence it can get.

They certainly couldn't of picked a worse day. An opposing party (EFF) is calling for a National Shut Down of the country on Monday. Lots of protests happening and the army to be called in... most businesses are shutting down for the day.

Dorfan, imho all JLP needs to do is produce one months evidence that Roan and Sable are producing what it was originally designed to produce. To date they have not shown this. Also when they hit name plate for Roan, was that one day ,one week or one month??. People are getting suspicious imo. Time for Jubilee to show more details of production and put these suspicions to rest.

I doubt it. We know January and February is a write off in Zambia and South Africa. Yes we will hopefully have cobalt coming through now but Leon failed to mention how much saleable cobalt had been produced, so I'm assuming very little or he would have been sure to mention the actual amount produced.

Price action is very bad at the moment. The year has been full of weekly new lows and today is no exception. A close below 8p is a very bad sign. With the U.S markets in disarray unfortunately Jubilee is in for a hard fall, next support 6p although if there is no positive news on Monday and only carrots then I'm closing my eyes for the next few months.
Something is up with Roan. We not getting the full picture. Last year's figures make zero sense at Roan. How did we produce more copper before Roan was commissioned?? Absolutely bizarre. Yes November and December there were issues but we should of produced more imo. And now we switching to cobalt when cobalt is at historical lows and producing less copper when copper is at historical highs.... could it be Roan isn't performing as designed hence the move to cobalt until we get ROM from third parties??

Dorfan, we were at stage 6/7 during most of February. Market always knows...