Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I agree - peanuts bring monkeys - Let Ollie prove his worth as LC has done (his strike prices are all at 6p or below).
I don't believe it is excessive personally
Well now we know why the general meeting was called.
Share options for the directors.
in my opinion not position
@Happydays
I hear you mate, but most of us LTH definitely bought into the share way to early. I did and had to first average down to start getting the extremely good return I would get if I sold out.
The market doesn't trust the smaller caps with good cause in my position. My investment in this company as well as yours is based on excellent understanding and research.
The results up until now have been very good to date and whilst I feel that the year end results may not meet my expectations JLP will certainly earn a decent amount. Copper surprise will result in the share price movement. We have analysts valuing the SP up to 29p.
Buy some trading stock as I am doing atm, the SP movement unless WWIII breaks out will undoubtedly in my mind be up.
Patience, patience and more patience required.
GLA & DYOR
I think it is a great appointment. People talk about diversification in investing and the future new man at our helm clearly knows about diamonds, nickel and iron ore. Should have most decent commodities covered now.
Hopefully he is just as talkative and bullish on JLP as Colin was. Like most things with this Company time will tell.
@HTC
I will tell you exactly how a Zambian government official help JLP. Irrespective of where Government official reside, all of them are Politicians and all have them have a high sense of worth (deserving or not).
The primary reason why BMR lost their prospecting licence in Zambia was because they only wrote letters to the Zambian Government. They never got on a plane to go to Zambia to meet face to face with a single government official. This is a statement of fact, I got that information from LC himself. Previous companies like Glencore and Vendanta Resources had their mines and licences stripped by the Zambian Government. They showed little respect. Understanding the jurisdiction and culture of the people you are in business with is critical, especially in Africa.
https://www.bloomberg.com/news/articles/2022-05-11/vedanta-agrees-to-suspend-legal-action-over-zambia-copper-mines
https://www.ft.com/content/08222111-98cd-499c-a1ce-1b0e6c43d91b
Read at your own leisure and you will glean a better understanding of Dorfan's assertions.
Have you ever even thought why Dr Mathews Phosa is a director of JLP? Read up on him and you will see for yourself.
Share price movement is not only based on earnings as we LTH are all well aware of, it is the future prospects we concern ourselves with.
DYOR
Be well
@HTC
I think you should view the presentation given in March, Homey, which was prior to the GM:
https://jubileemetalsgroup.com/wp-content/uploads/2022/05/20220313-Jubilee-March-Roadshow-FINAL.pdf
You will see that almost everything mentioned in the RNS is included in that presentation, so your assertion about LC needing the resolution to press the confetti button is not correct.
You are most certainly entitled to your opinion, my opinion is that you are incorrect on a number of your comments. There are a number of reasons why Roan has been delayed. It doesn't take away from the fact that JLP will be producing 25 000 tonnes per annum within 4 years.
For me the meeting and RNS merely confirms that we have progressed as a Company and a plant on the Eastern Limb will enhance earnings.
In short, it is still a no brainer to accumulate JLP on share price weakness.
GLA
Thanks very much Sharehunter2b and BB
I certainly appreciate your attendance and notes pertaining to the meeting.
Not sure why Shareholders weren't given the opportunity to join the meeting via a link given that LC wasn't there in person.
Would that constitute a valid meeting, given the hybrid system was only resolved at the meeting?
Seems to be very positive, brokers have reaffirmed, just need the financial numbers to back up the verbal assurances.
GLA
Cobalt is the pleasant surprise in the RNS.
The rest is more preaching to the choir and pretty obvious that something would come out prior to the meeting which the Company wants us shareholders to entrust the Directors to use shares in the event they deem it worthwhile.
GLA
@mikie
Doesn't matter what's under the bonnet in a bear market.
Buying opportunity for those on the sidelines
We will find out on Monday 16th at the General meeting. That question will be asked I am pretty sure
@charles
I think if you have followed CB and his history you will find that CB is for CB and CB and his group of croonies only. Let me be clean, when CB speaks I believe that what he says is true, but you will find that the people who put in their money earliest with CB make money. The problem if you invest in one of his companies, you are in a hit and miss situation.
CB background is mining and understands people in my opinion. He is a deal maker, he is not a miner per say and has and never will be a CEO of any mining company. He does not have the skill set, again my opinion.
He puts deals together and moves on after cashing out, some of his chips. He had a hit on a previous company which made him millions, the name escapes me for the moment. He invested money in eight or so new "mining ventures" the majority of which flopped (and in my opinion will continue to flop). Remember he had 15m shares in JLP plus shares in lieu of salary which he sold for 15p odd. That gave him more money to invest in shares and become chairman of Bezant Resources, Galileo Resources and Extract Resources. He also has investments in his own companies like Tiger Royalties and Investments and Lion Mining Finance Limited. The longer you hold shares in those companies, the worse of you will be in my opinion.
I have and will remain committed to JLP, because the one thing CB got right is with Braemore came LC. We have to thank CB too for buddying up with Alex Borelli, much to the detriment of BMR shareholders, for doing the Zambia licencing deal we got from them. The share swop which gave BMR at the time much needed cash to pay for the licences and allow Galileo Resource the zinc in Zambia. For this we got a 29% interest in BMR (Kendrick Resources) which quite honestly we never wanted as the only thing it had was the mining licence and did nothing with it other than lose it.
I am pleased that LC is not investing more money by acquiring new shares so to drop from 29% to .86% is irrelevant. The 29% was not worth anything and the .86% in my opinion is also worthless. As for the royalty 11% is a tiny number which has been pushed out due to the copper drive, so it too is irrelevant.
@dorfan01
The meeting is not an urgent one, just called out of the ordinary as the company normally has this as a resolution at the normal AGM.
For me, I find this (in all companies) as a way for Director's to issue shares at their discretion. I call this resolution the "Gratification resolution" whereby the directors are basically given cart blanche to issue share at a discount to people who believe they can help them in the future.
JLP has so much positivity going for it at the moment the extra 3m odd shares are not going to do much in any event.
Like you, I believe in LC and his abilities so I personally would not just vote no as others have mentioned. There may be nothing big on the table at the moment but often something does result from this resolution.
Personally I am still bullish over the medium term, but have acquired some shares to top slice when the next results are out. I think the market will be pleasantly suprised.
GLA - DYOR
https://edition.cnn.com/2022/04/27/economy/china-xi-infrastructure-push-covid-lockdowns-intl-hnk/index.html
Need anything more be said.
Thanks everyone for their input.
I agree that the resolution is the stock standard resolution given by shareholders virtually to every listed company in the world. Having said that I question the need to have a meeting in the middle of the year, with no apparent urgent need. It doesn't make sense to me.
My initial reaction was extremely disappointed., and for someone who is completely bullish and overweight in the share was concerning so I completely understand where the sceptics are coming from.
The bottom line is that JLP are in the right industry, with the right commodities at the right time which makes it difficult for me logically to sell. What this RNS has done is confirmed for me that I need to become a trader in this share as well as being a long term investor, to take advantage of the volatility of the share price which the Directors appear to enjoy.
GLA
Another good reason for Jubilee to diversify out of South Africa.
https://www.news24.com/fin24/companies/mining/south-africa-ranked-10th-worst-mining-destination-in-the-world-20220413
@ Kaiser
I think those of us that have been on this site amd in this share long enough to understand other people's views and or concerns.
I take no notice of Bushy's rants. One of the first lessons I learnt after losing money on 'tips' given by stockbrokers and friends is DO YOUR OWN RESEARCH and make your own decisions.
If someone says the share will rise or fall it will at some point, that is how the stockmarket works.
As for my preference I am a fundamental investor and I can find no better commodity share with stronger fundamentals than Jubilee. It may not move up the most or the quickest but up she has gone and will continue to do so unless something catastrophic happens.
Friday was an excellent day. Hopefully this is the traction the sp needs. I don't expect the share price to move up vertically because there is ALWAYS profit takers.
GLA and please DYOR. Happy Sunday (no stockmarket) to all
Extract regarding PGM's from Sibanye Stillwater presentation on 29 March 2022:
• Chip shortage began moderating towards end 2021 – expected to continue through 2022
• Light vehicle auto production forecast to recover to 82.7m units in 2022
• BEV sales expected to be 7% of global LV market for 2022 (vs 5% for 2021)
• PGM loadings to remain flat on LVs and increase slightly on HVs y-o-y
• Russian war on Ukraine and subsequent sanctions creating supply uncertainty
• SA primary supply stable; downside risk as Implats’ announced full furnace rebuild and some producers entering into wage negotiations
• Increase in recycling volumes as pent up demand is fulfilled; risk to the downside due to ongoing supply chain constraints and lower vehicle scrappage
• 2022 market balance forecast
- Platinum surplus forecast to decrease to ~790koz
- Palladium to move into deeper deficit of ~330koz
- Rhodium to move into a small deficit
Healthy demand for PGMs set to continue, supporting prices
I see Merafe Ferrochrome have issued an RNS to say that Ferrochrome prices were settled at 216 (20% increase) up from the previous quarter.
That tells me that PGM prices are also unlikely to fall in the near term. Commodities are where you need to be invested, just saying.
GLA