RE: Copper can not cover it's debts28 Dec 2025 05:14
Bottomsup, I do not see critical voices as a threat to the share price. Jubilee itself is responsible for the share price decline and for it remaining at current levels. Persistent overpromising and under-delivery in Zambia have eroded investor trust and confidence. This is not caused by a handful of frustrated investors, but by repeated failures to meet even revised, lower targets.
Those who point this out are often discredited by a group of loyalists who appear to operate as a pack. Any criticism is treated as an attack, and personal intimidation is not uncommon. This is supposed to be an investors’ forum, yet bullying behaviour persists.
Long-term investors are entitled to estimate profits. Some expect H1 copper profits of USD 8m and USD 21m from PGM and chrome. That may prove right or wrong. Personally, I expect limited or no copper profit this year, with PGM and chrome contributing the majority of earnings.
The debate around Jubilee’s debt is often misunderstood. If the SA sale proceeds, debt concerns fall away; if it is cancelled and renegotiated, the same applies. The issue is transparency, not speculation.
Regarding Governor, I was misled by AI and by information on their website, which implied a connection with Jubilee. Further checking shows that the licence near Sinomine’s Kitumba mine belongs to another company. I still cannot find evidence of a large-scale (25,000 ha) exploration licence held by Jubilee. Why this lack of clarity?
What frustrates me most is the absence of a JORC-compliant resource, replaced instead by suggestive and optimistic statements about large copper potential. If exploration success is limited to the area between Molefe and Governor Mine, significant additional capital and licensing will be required. That should be stated clearly.
Yes, AI info mislead me and let me belief that Jubilee had JV with Mumbwa and that Jubilee has exploration rights in that area. Not the truth. Jubilee reporting 3-4% grade of copper at Molefe and Governor mine, is also not the truth, deliberate misleading and not informed by AI. No outcry from the loyalist. Jubilee is a threat to shareholders with overpromising, not the small frustrated investors that act out in anger. It is a sign where the company fails. Loyalist seem to overlook and condone Jubilee missteps and rather focus all attention to squash discerning voices, options! If the sale goes through without renovating investors lost out on the potential additional profit and again a group of investors will feel frustrated. When PGM prices continue to rise it will fuel more animosity.
Finally, copper production in Zambia will continue to rise but not that in such a way that many would like to belief, my take is 2 step forward and 1 step backward. Share prices to triple in the near future? Jubilee copper production can regain confidence and investors trust, not the cheerleaders.
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