Member Info for Mikiesunday

Edzi, thank you for a polite response, i was expecting to be in need of a tin hat!

Hopefully results and RNS’s in the near future will unite this board more. Certainly needs a feel good factor about it, to help encourage new investment. At present anyone reading would certainly be discouraged. Any investors not sure why they’re here or in need of money will be selling here over any other investments. I am hopeful the next few months will turn matters around big time.

No doubt, you will use this response, to be extremely rude to me and give the same old reasons you continually spout as to why the company is so bad.

Edzi, i could say the same of you? I really am starting to believe your motives here are not one of a current shareholder. All you cast is doubt and pessimism about the company with the odd, this is a really good company thrown in. This is not the action of a large share holder false stop.

@Jlp, Northern— Ricus looks the perfect choice for developing the small mines. The possibilities here look endless, when you look at the number of small mines in Zambia. Then you look at potential to turn a small mine into a large mine is mind blowing. Leon has made no secret of the potential at M. Sounds like there is a lot of research being conducted at M. Multiplying the reserves at M should have a decent impact on the share price., when copper eventually gets baked into the share price. Almost a freebie! I very much look forward to these results.

Northern, thats really interesting. Jubilee are slowly becoming embedded in Zambia. Creating a blue print, that other communities and mines are going to crave. I can see, this gathering momentum. Its a scenario, that benefits the small mine owner, the wider community and Jubilee, with Ricus controlling both fronts.

Very interesting development on module production. Where theres demand and potential, massive potential, industry finds a way. Momentum is very likely to keep increasing here. Money talks!

Nice to know we’re all helping HD43. Makes me feel better. Not only providing jobs, but enhancing the local community.

Https://www.prweb.com/releases/makor-resources-and-jubilee-metals-group-announce-partnership--a-shared-commitment-toward-sustainable-change-in-zambia-302197915.html

Seis, i guess, you can see why it takes some time to ramp up these opportunities. Creating and recruiting 150 people will take some time, especially if training is required. Good for the local community.

Now, they are breaking the mould, hopefully replication will be quicker and smoother.

Haha! Just made me laugh Ardbeggar! Gutted after the football.

Definitely Dorf.

Https://www.nasdaq.com/articles/robert-friedland-no-rational-price-copper-essentially-infinite-demand-meets-short-supply

Gentlemen,

I strongly believe the criticism leveled at the board currently is well overdone. The reality last summer/ autumn was a different story. Nobody had a clue what was happening with copper. We were all waiting for something to happen with the tailings, there was a communication blackout, earnings were dropping rapidly along with the share price. The criticism was fair and there was a real concern among shareholders and a very justified concern. We had a company with no game plan and with little direction other than a focus on chrome. At least as it appeared. Many concerned share holders went to the AGM, to try and find out just what was going on. This was late last year. Talk of a new plan was released, focusing on waste rocks. There was talk of cultivating small mines, there was the first mention of port delays. There was clearly a change of strategy about to happen.

Now my point is a lot has happened since Nov to now. The strategy is underway, Roan has been completed, Roan is now on a fast track ramp up. several small mines have been secured/ purchased. There is a clear plan for feed to go direct to Sable and direct to Roan. We have feed. Commercial production is about to start. The communication blackout has stopped and we are getting regular updates on the copper progress. We're even getting pretty little videos which have surprised many in the sheer magnitude of the plant built. Along with the above a new partnership has been forged with IRH and is potentially a game changer going forward.

This to me seems like a very focused management team and i do believe Ollie and Neal have added a lot of this focus. We have endured years of no communication, no direction, just endless promises from Leon. But there is a real focus about the company. Progress has been vast in 6-7 months, which bodes well for the future. There is a game plan, the game plan is being activated and is easily replicated. The current Jubilee set up is nothing like the old set up. There is now real action and progress. Sadly not as fast as Leon promises, but at the end of the day, he is doing his best to promote the company. If every 6-7 months is as action packed as the last, i will be very happy. All this whilst chrome is also gaining traction.

I am probably going to gather lots of criticism for my positive take. I know we are not enemies Edzi and i look forward to meeting you at the next AGM. But look at the difference in the current set up, compared to 6-36 months ago. I think we have to give Ollie and Neal some real credit here.

Classy Edzi,

Seis, if i had private discussions with a firm i was courting for business, i wouldn't dream of making that public knowledge on a BB. I certainly wouldn't berate the MD on a continual basis.

@ Gray, i think a double again in 27 is very plausible, especially with the cash generation at that point.

@ Edzi, if you really believe what you are writing, why are you still invested? You are describing a basket case.

Chaps, whether its 8/10/12/15 tonnes of copper production this year, is important in isolation to this year, but in the grand scheme, i dont see as too important. Its much more important that Roan is proved successful and paves the way for future growth. The key for me is continual additions of new modules every 6 months, that is going to drive Jubilee.

As Gray points out, chrome is going to drive profits massively and highlights what we can expect from copper, continual growth. Effectively 2 modules are being added this period, one chrome, one copper and are likely to add circa $ 40-50M. If that keeps happening and in fact gathers pace, this company will change many lives. There is a step change in income about to happen now and i expect that to happen every 6 month period now. People need to stop panicking and let it happen. The share price will respond.

Https://stockhead.com.au/resources/these-copper-bugs-think-the-red-metal-could-be-headed-for-us17000-in-under-a-decade/

Morning Sumo, i get the frustration, because we have lived it for the last 2-3 years as far as copper is concerned. But i take inspiration from the chrome. Once underway, look at the growth undertaken in the last couple of years and currently happening. Now copper seems to be on its way, i anticipate even faster growth because of the larger profits.

As for PE rates, successful and growing companies have higher PE rates than stagnant companies. But i think we have to look deeper here. Uk companies are currently sitting around 11 x earnings, their counterparts in the US are sitting on 20x earnings. UK companies have become more and more depressed since Brexit and the smaller AIM companies have suffered the most. Perhaps unfairly but the AIM index is still ravaged! Jubilee are clearly affected by this. So there are some big factors affecting Jubilee that could unwind soon. I believe many market analysts are expecting a recovery in UK companies soon. This will undoubtedly lift the Jubilee price. Jubilee will de couple from PGM’s soon as chrome earnings become more apparent. Copper and chrome are about to create a step change in earnings, which will lift belief in Jubilee. The Jubilee model and game plan is easily replicated at a relatively low cost so expansion could be more rapid than the last few years suggest. A snowball effect as earnings increase. Copper is a buzz word and investors will seek out copper prospects as realisation of this sets into the herd. So i am hanging on for a very high PE rate for a miner. I believe the last few years of frustration will turn into jubilee-ation ! From an extremely dim macro to an incredibly exciting macro, which Jubilee are set to ride. Just my thoughts.

Https://www.google.com/search?q=aim+share+performance&ie=UTF-8&oe=UTF-8&hl=en-gb&client=safari

If you look at the AIM all share index and choose the 5 year option. Its not far from halving since Jubilee peaked. Obviously in respect of Jubilee this has a lot to do with PGM’s dropping in value. But the wider macro is not helping with the recovery here and certainly holding the share price back to some extent. This scenario will almost definitely be reversed if rates start dropping in the US and UK. Which are widely expected to happen. Coupled with a step up in earnings could see some serious movement in the share price. Recent movements in the index look very similar to Jubilee. Would it be possible Seis to work your magic and overlay this with the share price?

Sumo, a £500M market cap would equate to about 17p per share now.

Edzi, if i remember right, when ghe share price was 21p the market cap was close to £500M.