Member Info for HarmProf

Hi Gray! That’s exactly why I keep investing in Jubilee. I’m also less frustrated with the share price these days, as I recently bought quite a few shares and don’t see myself as a trapped investor. I ’m surprised to see small investors still selling their shares at this stage. Anyway, let’s hope the copper price goes through the roof once Jubilee ramps up copper production.

Good to see the interest in rising copper prices, but we should be careful linking that to share performance without clear evidence of higher output or progress at Jubilee.

Speculation is part of investing, but when it takes over, it can distort expectations. Without verified updates on production, revenue, or strategy, we’re talking about potential, not performance. There seems to be a lot of LCs on this board!

Suvlin, the core purpose of this forum is sensemaking. We are here to interpret complex market signals, share insights, and help one another make more informed investment decisions. This requires tolerance, curiosity, and a willingness to consider different perspectives — even when we disagree. No intent to deceive. SENSEMAKING.

Most posters on this board are polite, and we should all commit to maintaining that standard. I agree that addressing rude or personal attacks is the right thing to do, and I will continue to do so from time to time. It is not acceptable that we remain silent about this.

Price forecasts are written off as speculation, but strategy discussions and explanations for missed production targets are treated as fact — that double standard needs addressing.

Suvlin, it is time for introspection. Diverse and differing viewpoints are often ridiculed, and some individuals appear almost proud of attacking others or dismissing them as not credible. How can anyone know that I am not genuine? I am an investor, not a trader. My commitment to Jubilee is long term — I invest with the aim of realising value over the next two to three years.

I firmly believe that Jubilee should accelerate its strategy and adopt a more assertive approach to capital investment, delivering strong results within two years rather than pursuing a gradual increase in capacity while allowing substantial cash reserves to depreciate in value. So, I disagree with Seis. No major issue, because we are entitled to different viewpoints.

Seis, what are the coordinates of the Molefe mine?

You correct I refer to my self in the third person! No news will be good news!

Suvlin, Harmie’s got more confidence than JMK in Jubilee—he’s been buying more shares! Let’s hope they rise soon so we can still enjoy some profits while we’re alive!

BB, I agree that Jubilee must invest aggressively to boost production; otherwise, profits will be swallowed by overheads. Seis, I also agree that copper production won’t change much over the next six months. My bet is on 2027. That means the share price will likely move up only in CY 2026. I’m still adding and now hold 1.1 m shares at an average below 3.3 p. Hmm, cobalt prices continue to go up.

One to go! seis, are you real or insider?

Only Seis has a problem. Who is he?

Suvlin, thank you. You are an investor. So am I. I am real, with all the mentioned credentials!

The xxx is on! What are the credentials of Suvlin, and Seis?

The insult are what they are. I qualified in the Netherlands, as medical doctor, Vrije Universiteit. I moved to SA, etc. The insult are ridiculous and credibility of Suvlin, Seis is questionable! I can provide MP number SA. Some residents are pathetic.

Seis, true (also).

Seis, hahaha, I got an interesting career! I cannot help it. Everything is true and done much than I prepared to reveal at this stage.

Seis, Thutse was an example of excellent performance. We all should agree. However, why cannot they get it right in Zambia? Let the engineers and expert help us to understand!

4everlong,It is important that we begin to speak a common language within the “house of Jubilee.” A key point of interest among investors is the matter of remuneration and potential performance bonuses for LC and the Board. Based on recent performance, it would be difficult to justify any form of reward at this stage.

From my own professional background — spanning finance, financial turnaround management, and clinical, hospital administration (CEO), Provincial and administration — I seek more detailed, technical information from the engineering teams. I find it concerning that Jubilee has not delivered the expected output in Quarter 1, particularly after commitments were made to avoid further experimentation. The absence of a clear and timely explanation is disappointing. In the investor community there appears to be a tolerance for limited communication, but I believe that as shareholders we must hold management accountable for transparency, delivery against stated objectives, and clarity around future expectations. Communication from JMK in particular needs to improve, especially regarding the JV arrangements, where we are still left to speculate. This is not a sustainable approach. Leon should provide a clearer operational strategy — potentially separating research and development from production activity — to ensure that commercial output is not compromised. Investing in optimisation without disrupting revenue streams may be the prudent path forward. Despite these concerns, I remain invested in Jubilee and continue to believe that strong operational and financial progress can be delivered. I do, however, recognise that a material turnaround in shareholder value may take more than a year, and I am prepared for that timeframe.

My view on what would constitute a positive RNS:

A transparent acknowledgement of any underperformance, supported by clearly defined corrective actions and accountability measures. Evidence of progress that is ahead of schedule or materially exceeding the targets for the reporting period. Updated, realistic targets that reflect current operational circumstances and demonstrate a credible path forward. Increased net profit.

It could be a positive day for Jubilee. No negativity please.