Member Info for HarmProf

This is so sad! Do you understand how bots work? I challenge you on your analysis. I am familiar with aggressive passive personalities. So, you likely are a psychologist, psychiatrist or medical professional.

Kalan,

You previously expressed concern that Jubilee’s Zambian operations may be running at a loss. Could you kindly share any insight or detail you have regarding this?

In addition, do you have a view on when these operations are expected to become profitable?

Agle1234,

Let’s please avoid drifting into price target speculation. I’m fortunate to be marginally above water, having bought the dip and averaged down. But that’s not the point.

Jubilee Copper must now do its homework—present new, realistic execution targets, and be measured against them. If delivery falls short, then board and management salaries should be cut accordingly, with no rewards until the share price returns to the 10p range. Shareholders have absorbed significant unrealised losses, while the board and senior management appear to have profited regardless of performance. That imbalance needs addressing.

On a separate note, does anyone have a read on Gotreal’s personality traits? I’d be interested in understanding his strategic lens and whether their commentary reflects deeper insight or simply reactive sentiment.

I’m pursuing a few other matters that remain confidential for now. That said, has Jubilee run into financial difficulty by overcommitting resources to Zambia? The scale of the copper expansion, coupled with delays and infrastructure issues, raises questions.

Also, who is familiar with the JV involving One Chrome and the contract specifics? The proposed sale of SA Chrome and PGM assets is material, and I’d like this to be discussed at the next AGM. I may attend, if held in South Africa.

Lastly, let’s please refrain from share price predictions. The focus should be on realistic execution targets and delivery against stated plans.

Jubilee has retained full rights to the Tjate Platinum mining project despite the disposal of its South African chrome and PGM operations.

Monetising Tjate could unlock additional liquidity maybe required to really accelerate the copper strategy. This capital is just dormant for many years.

This topic will be on the AGM agenda? (this is my understanding from the posting).

Bfisher,

Thank you for the question :

1) No open pit mine not possible

2) Sebata Kgomo Consortium is a 40% shareholder and majority shareholder in Tjate Platinum Corporation.

3) Capex to down to mine at around 900m is with a very high risk and fuel cell technology has not taken off, but promising.

4) Key developments in China's hydrogen truck sector:

- Growing fleet size: As of August 2025, the city of Zhengzhou, known as "Central China's Hydrogen Capital," has over 1,500 hydrogen vehicles in service, including 200 new hydrogen fuel cell logistics trucks.

-Technological advances: In March 2025, Chinese commercial vehicle manufacturer Farizon (a division of Geely Group) began the mass production of its Xinghan G 200kW hydrogen fuel cell heavy-duty truck. It has a range exceeding 700 km and is 10% more energy-efficient than similar models.

- Liquid hydrogen systems: The Chinese state-owned China Aerospace and Technology Corporation (CASC) has developed the "Track 1000," a liquid hydrogen system for trucks that can provide a range of over 1,000 km. It began real-world trials in March 2025. In November 2023, China FAW Group also released a liquid hydrogen heavy-duty truck with a range of up to 1,200 km.

-Refueling infrastructure: The country is rapidly building its hydrogen refueling network. By the end of 2024, China had 384 operational hydrogen refueling stations, making it a global leader. Sinopec and PetroChina are among the top companies investing in these stations.

-Cost-competitiveness: Analysts predict that by 2027, hydrogen-powered trucks in China will become more cost-effective to operate than their diesel counterparts. This is due to rapidly falling fuel cell manufacturing costs and anticipated reductions in hydrogen fuel prices.

links to relevant articles

http://sebatamining.com/projects.htm (interesting article)

https://www.miningreview.com/precious-metals/jubilees-platinum-tjate-platinum-project-receives-mining-right/

https://www.crown.co.za/latest-news/modern-mining-latest-news/32879-proposed-conditional-disposal-of-chrome-and-pgm-operations

Today AGM and voting tomorrow outcome in the RNS.

We see what happens.

3cardbrag, I believe the time for deliberation has passed. My research into Jubilee Metals has been thorough, and I am satisfied that the fundamentals—both operational and strategic—warrant a firm position. Accordingly, I increased my investment substantially in August 2025, taking advantage of the depressed share price. The resulting average entry point is now markedly more favourable, and I remain optimistic that this will translate into a healthy return over the medium term.

It is no longer productive to debate production outputs, profit margins, or speculative projections. The focus must shift to disciplined reporting—specifically, quarterly performance measured against stated targets. Infrastructure projects such as Roan, Sable, Project Munkoyo, Project G, Large Wast, and any others should be reported in a straightforward manner: progress in line with the project plan, any delays clearly attributed and accompanied by remedial actions, and cost performance benchmarked against budget.

Regarding chrome pricing assumptions, I have raised the matter with JMK and requested that the board be appropriately briefed. While it is too late to obtain the necessary detail ahead of the current reporting cycle, I anticipate that the first-half results from the South African operations may offer a pleasant surprise.

I await the outcome of the AGM and will, in due course, explore avenues to obtain further clarity on the joint venture with Thuse. That matter is not open for discussion at present.

Frogkid, I wish you every success—and may your aspiration to attain wealth materialise sooner rather than later. Should Jubilee Copper eventually quadruple its share price, I shall give serious thought to sponsoring your entry to Cambridge or Oxford. Consider it a shareholder’s gesture of faith in both potential and promise.

Nothing to hide and provided input that I only check the grammar, etc. So, enough is enough and I sign out of this chat. AdriaanZa was disgracefully removed according to me and even cannot his input anymore.

Understood, Adri—and your words carry weight precisely because they are unvarnished. Here's your message, preserved in UK English with its original tone and intent:

The latest insult is “cretin.”

JMK is on the board and is aware that I am a person—not a bot or spam, as some have suggested. Just check with him if I am real or not.

You are all doing a good job creating a positive image of Jubilee, but I am disgusted.

Individuals committing these types of abuse should be removed.

My indirect communication was to focus on quarterly report outcomes versus targets, and that was directed at JMK.

I rest my case.

I would not have invested in Jubilee had I read all the insults, the negativity, and the inability to constructively share viewpoints. It is appalling.

Wishing you all the best with the upcoming vote—and may I also encourage a moment of reflection on the contributions many of you have made over the years to instill investor confidence on this forum. Is this correct?

Thank you Suvlin your feedback is appreciated!

Thank you, attention is centred on cyclical climatic patterns and the intensifying impact of climate change, whereby extremes are becoming increasingly pronounced. We must keep this in mind!

Ardbeggar, your position is duly noted—however, I believe it is time to challenge your line of thinking. The assumptions underpinning your view merit closer scrutiny, and I would encourage a more rigorous engagement with the facts.

Was there not a drought? To deny its occurrence is to overlook a well-documented climatic event. Moreover, to assert that such conditions will never return is, respectfully, a stretch too far. Challenges—be they environmental, operational, or market-driven—are an inherent part of the landscape. The question is not whether they will arise, but how resiliently and transparently they are addressed.

It is not an AI battle, AI assist us to make well informed decisions.

SeisNav and Project L were both referenced in the 7th November 2024 announcement, with the statement that they had “commenced operations and [were] achieving targets to maintain Roan’s initial feed rate of 75,000 tpm of upgraded previously mined material.” However, there appears to have been no substantive follow-up since then.

May I ask—what was the rationale behind announcing these projects at that time? And could anyone kindly clarify their current status or strategic relevance?

From an investor’s perspective, the absence of further detail may raise questions. If these initiatives were material enough to be highlighted, one might reasonably expect continued reporting. Without that, it’s difficult to assess whether they represent genuine progress or simply aspirational signalling.

That said, if they are quietly contributing to feedstock stability at Roan, then their impact may be positive—albeit under-communicated. A brief update in the next quarterly report would be most welcome.

JMK could you assist?!

Thank you, Gotreal, for raising the matter of Project Phoenix and Project L. To date, there have been no formal updates regarding progress on either initiative. JMK, could you kindly confirm whether these will be addressed in the forthcoming quarterly report? SeisNav is not on the board or is he or she?

SeisNav, I respect your input but done bit of homework as part of due diligence.

There was indeed a downturn, and Jubilee is recovering from it. The impact on Roan was not incidental—it was materially shaped by the broader effects of El Niño, which brought one of the most severe droughts Zambia has faced since 1981. This is not a once-off anomaly but part of a recurring climatic pattern with structural implications for energy, agriculture, and water security.

The drought led to extensive crop failures, strained hydroelectric capacity, and disrupted water supplies across 84 districts, affecting an estimated 9 million people. Roan, situated within this footprint, was inevitably exposed to these pressures—both operationally and socially. The Zambian Government declared a national disaster in February 2024 and has since mobilised a multi-sectoral response, including maize relief distribution, borehole drilling, and export restrictions to stabilise domestic food supply.

Importantly, Jubilee’s operational model—extracting value from low-grade tailings and dumps—remains resilient. Their technical agility and historical performance suggest they are well-positioned to rebound, particularly as Zambia clears regulatory hurdles and recommits to mining sector revitalisation. Yes, corporate tax and electricity tariffs are elevated, mirroring South African levels, but the strategic upside may outweigh these costs if Jubilee can leverage its proven efficiencies.

This is a cyclical downturn, not a structural failure. The fundamentals remain intact, and the broader macro signals—governmental responsiveness, community resilience, and asset-specific recovery—suggest that the tide may be turning

I do think, at times, that the moment may be right to invest—particularly now that many of the regulatory and operational hurdles in Zambia appear to have been cleared. Admittedly, there are concerns: the ongoing drought poses risks to both production and infrastructure, and it’s true that corporate tax rates remain relatively high, with electricity tariffs echoing those in South Africa.

That said, Jubilee’s track record speaks volumes. Their ability to extract value from low-grade, previously overlooked metal dumps is nothing short of remarkable. While they’ve been caught in the cyclical downturn of the broader market, the fundamentals of their approach remain sound. If sentiment shifts and the cycle turns, they’re well-positioned to capitalise.

NB. These are my thoughts and my team put it into UK english with the intent not to upset anybody)

It is amazing! The request was to polish it and so I did. What is the problem?

"Stop being a see-through sock puppet or go away." Another insult! Seems to be the common behaviour! Ardbeggar.