Member Info for HighlyGeared

dorfan. I have sent you a PM.
I have pressed them hard on the flawed Jubilee reporting procedure at the previous two AGM's, and been told that they would not budge from the commitment to 6 month reporting, and they would issue quarterly reports only when it suited. Great company. Shame about their reporting.

papaduke. Very eloquently put. Why not send that precise post to Jubilee? It is only by communicating constructive criticism with the company that they can gain an understanding of how to improve. And they do need to improve in that department.

Hi Sumo,
If the status quo floats your boat, then no worries.
The point is that they are not committed to quarterly reporting. They do so selectively. Jubilee is only committed to 6 monthly reporting which is simply not good enough for a publicly listed company of of this size imo.

dorfan.

I agree that news flow from Jubilee is not consistent enough. The II's get their monthly management reports which keeps them happy, however PI's get an occasional video which is nothing more than a tease. There has not been any real news since the production report in January, so even long term holders get twitchy and move on. This is a great company with highly skilled staff and fantastic prospects, however their reporting lets them down. For starters they need to produce quarterly reports on a consistent basis. I have made Leon aware of this on a few occasions. Maybe if a load of investors were to make the management aware of this simple fix then, they might change their view. The last excuse I was given for not providing quarterly reports was the 3 month lag in the income being received from the processors. That still sounds a weak excuse imo, as most other companies of this size can do it. Jubilee really needs to man up on it's reporting culture.

arry. It's easy to snipe at directors from the sidelines. If you are such an expert why don't you put yourself forward to be chairman. You were the same whinger on the II bb. Colin started this company. He and Leon have navigated it through troubled waters to the position it is today. You seem bitter and twisted. If you got the timing wrong on your investment then you need to look in the mirror.

TR1 re Marlborough unlikely as there was no TR! when they purchased, owing to their shares being held in a nominee broker account. Morningstar still has them holding 48,771,000 which was down 9,229,000 from where they were. So they have been selling. It'll be interesting to see if Morning Star are behind the curve and Marlborough Micro Cap have sold up.

I reckon, Leon will be up in Zambia at the moment, giving it max to make sure that the team are all pulling out all the stops to deliver the targeted copper production at Roan and Sable.

Sumo.

Dr Kirby, who is a Jubilee director, lives in Australia, hence he is the guy on the ground there. He has been doing consultancy work in Australia on behalf of Jubilee for several years. Maybe one of the projects he has been consulting on, ticks the boxes for Jubilee development.

Ray, the captions on the pics on the Jubilee website were stating exactly that (for the two hours the captions were viewable). Not only that, but the captions were specific as to which tailings dumps the daily pgm ounces would come from. It could have been a mistake by whoever put the images on the website, however it looked plausible enough.

It will be interesting to see if these figures can be validated by calculating pgm production from chrome throughput of 250k pm.

*136,875 pgm ounces pa

Hi dorfan. Just to try and triangulate whatever figure you come to regarding potential PGM production, there is some other interesting information out there. A couple of months ago there were some additional pictures added to the Jubilee website, including image titles which were quickly removed. The titles read as follows-
"With DCM feed we can do 160 ounces per day - With Windsor feed we can do 110 ounces per day - with JMG/Marula we can do 65 ounces per day."
"With G added - Inyoni 2 can do extra 40 ounces per day on the top figures."

So according to the above production will be 375 ounces of PGM per day.

On a 24/7 production 365 days per day pa , production would be 136,875 pgm ounces per day.

If you could calculate the potential PGM production from chrome throughput, it will be interesting to see if the figures match.

Hi Jonah,
There are some clues out there, that the throughput at the expanded Inyoni might actually increase over those delivered to Eland. Admittedly the clues are rather tenuous however, they are there, and have been documented over on the other bb, although they have not been mentioned here.

Alwaysone. Just to give it some historical context. When Jubilee first acquired the Platcro tailings (now renamed), Leon did look at the feasibility of putting the tailing's through the original Inyoni (formerly called Hernic) plant, however when Northam bought the mothballed Eland mine, Jubilee and Northam did a deal to utilise the dormant Eland facilities. It was always going to be a profitable but temporary arrangement. To this end, once Jubilee acquired the full rights to Inyoni , the intention was always to expand it in order to take on the feed going to Eland. Jubilee gain full control of the process and the full margin of production. Hope that helps.

Homey,
As usual you are behind the curve. It has been common knowledge for ages that Jubilee will be transferring feed from Eland to the expanded Inyoni. That's why they have been building it. lol

So a grand total of 1 post. But he's letting us know that he has mining experience and contacts at Eland. And he's giving us the inside track. What a load of drivel.

Great post dorfan. Spot on.

Hi 10beetroots, I'm as excited as anybody about JLP, and I think there's more to come on all the projects Mikie mentions, however imo it's worrying when the tone becomes triumphalist and expectant. But I suppose everyone has their own style of expression.
No, not big balls . Spoke to Leon and Colin a few times and liked the story. Still do.

Sumoskier, Yes, I agree. Just wanted to point out that nothing is certain despite our wishes. Don't mean to offend. Just think that it is wrong to suck people in with a ramping story. I don't mind hearing positive or negative views, however the narrative from Mikie has become ridiculous imo. That's not to say that I 'm correct in my view. Lets hope we all do well out of JLP.

Sorry Mikie, however I find your posts one dimensional and rampy. No one wants JLP to succeed more than me. Holding 5m shares at an average of 3.6p, however nothing is a certainty in investing I find you posts trivial and implying a one way ticket. No such ticket exists in real life. IMO you need to wind your neck in and calm down. Hopefully we will all do well out of JLP.

Billyboy. The Jubilee website shows the following.

Jupiter Asset Management Ltd

Number of shares 81,800,000

% of shares in issue 3.65%