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I see comments about "speeding up the process". JLP commenced their copper strategy 4 years ago. A strategy that is yet not proven, at least from a economical perspective. If you don't believe this then refer to today's placing. Who's to say that the current strategy will fare any better? Leon? And who trusts Leon?
BushyT
Gotreal isn't lying, he/she is an overly optimistic, overly patient investor who believes JLP is a golden goose that just needs another couple of years to lay a golden egg. The sort of person who gets excited when they see a "Free beer tomorrow" sign.
Well, well well...raise your hand if you feel silly/gullible today.....I see Gotreal's hand, anyone else?
How can we raise a motion to demote Leon from CEO to CTO? It is long overdue.
Frogkid
Deadline for the vote was 25-Dec-2023. Meeting was to be held on 29-Dec-2023. Just to prove it wasn't false information, refer to https://file.io/KRd7wYuHjqiy
The confetti cannon has been stowed for now. Excellent news but rather strange how an administrative error could have progressed to the point of being able to cast a vote. Anyway, I am happy to see the matter resolved.
ICB888, maybe you don't remember but JLP has a history of saying "no more dilution" and then issuing equity shortly thereafter. To avoid disappointment, use your eyes not your ears.
I have already voted No. Either JLP are desperate for cash or the board doesn't understand the optics of signaling they need cash to continue their unproven copper recovery strategy.
THAT THE DIRECTORS BE EMPOWERED TO ALLOT EQUITY SECURITIES FOR CASH AS IF SECTION 561(1) DID NOT APPLY TO SUCH ALLOTMENT.
Great way to kill any sort of rally. Any smart investor looking to buy will now just wait for the eventual equity placing.
So much for no more dilution.
SeisNav
I suppose you don't remember when:
Kabwe was announced: What happened with the Zinc, Lead?
Access to 300 million tons of copper tailings: What has JLP produced since then? Very little.
Cobalt recovery unit: How much cobalt was/is being produced?
I could go on. Announcements are great and give you a warm fuzzy feeling. What I value more is the operation updates and financial statements of which JLP is very away from providing the same warm fuzzy feeling.
SeisNav: The theories about my intentions and positions are a good laugh. After listening to Leon for 10 years you develop a strong sense of skepticism. In the face of facts, it is easier to come to the realization that JLP's copper strategy has been disastrous thus far. We are now being asked to believe that JLP can economically recover copper from this waste.
Gotreal
I am sorry, if Leon says it then it must be true, silly me!! How has your optimism worked out for you over the past 4 years?
Sumo
Because IRH think JLP can succeed. I hope they are right but it is not yet proven.
Dorfan
The deal announced today is excellent news and well done to the Jubilee team.
I take issue with this comment "Jubilee has mastered the art of producing copper." Jubilee has been working for over 4 years on their copper strategy and still hasn't produced quantities of copper anywhere near their estimates. Jubilee already had access to 300 million tons of tailings and wasn't able to achieve their 20K+ ton target.
Now Jubilee is switching to processing ROM, if they mess this up then its lights out for their copper strategy.
SiesNav: Maybe I should say that you are the one that shouldn't be trusted. Weren't you the one predicting $100M profits? How are your spreadsheets looking nowadays? How wrong were your estimates? How silly do you feel? Did you scratch your head and wonder how you got it so wrong? At least my track record is looking more credible than yours. Imagine if a potential investor read your spreadsheets and invested based on your estimates. Did you ever think about that?
So if you wish to continue the personal attacks I can play that game too. If you wish to engage in constructive dialogue then I can put the fangs back.
MikieSunday: one piece of advice which you may hear from time to time is "Don't fall in love with a stock". I have got a lot of money in JLP. I want them to perform and when I see irregularities I will call them out. I am not going to let Leon and co think we are all moths attracted to the flame. If you are a genuine investor you too should be demanding of the board to perform.
I first posted about JLP on 14 Nov 2019 when the price was 4.6p and I think I had a neutral stance back then, I can't remember but all my posts are there if you need to validate your theory.
Anyway, let's not discuss me, discuss what I am saying.
SeisNav: I have absolutely no idea what "lie" you are referring to. Are you sure it was me? Feel free to remind me.
I chose today to post because I came here to see if there was any reason for the spike and I noticed all the fluffy posts. Then I re-read the operations update for Jun-23 and it reminded me that the financials were missing, a major change from the past ~10 years years of operation updates. Don't you find that odd? Don't you find it odd that chrome becomes a by-product just when PGM costs go through a significant step up and allows JLP to say that have a low PGM cost? Anyway, I don't want to rehash these abnormalities, but JLP has raised many red flags for me.
By all means stay invested, just look under the hood ALL the time.
MikieSunday: Those guys weren't worth listening to and I had them filtered after hearing way too much nonsense. They may have been right about the share price demise and well done to them, but from what I read of their posts before I filtered them, they never substantiated their claims.
I really started posting more frequently last year when people were claiming $100M FY 22/23 profits, and putting spreadsheets together to justify their estimates. The spreadsheets were good, unfortunately their numbers were not and they were lacking prudence.
All shareholders want JLP to do well, let's just not get ahead of ourselves and not get fooled by the JLP spin.
I will not attend the AGM but I will be voting.
Happydays43: I really don't know how to respond to assertion. JLP's historical costs are in the public domain. Given what we know so far for FY22/23 the costs per unit will not have improved. Anyway thanks for responding.
Mikiesunday: what a laugh. you think I am going to make up an account, hmm ok, and I never admitted I wasn't a shareholder. I am still holding, average purchase price 3.37p ~3,7M shares, but believe what you want and how cares what my holding is. The funny thing about this board is that you try to warn people not to get overly excited and they berate you for it. I was hoping for constructive dialogue but that never materialized, hence why I don't post here so often. I am just posting here today so any new/potential investors get a balanced view. What I posted is a fact, the operations update omitted the financials information. Now you can ask yourself why was it omitted?