Member Info for Mikiesunday

Seis, whilst there’s so many high grade rock dumps to secure, i think they should leave the tailings on the back burner. Sounds like a few new project M’s are inbound shortly.

Sumo, with Roan and Sable in full tilt. Financing like Northern said will be a different animal going forward. At the AGM, Ollie was talking about off take agreements to provide upfront finance. With proven ability, bonds and bank loans come into play. There is also no risk equity raising and an IRH style agreement. Hopefully Neal Reynolds will work some magic with Leon and get the best deal for shareholders. May even get some buy now pay later deal! Leon is a proven deal maker. This deal would transform Jubilee, literally.

Maybe a bargain to be had. Time for Neal Reynolds to shine.

Https://www.ergafrica.com/cobalt-copper-division/chambishi-metals/

So very interesting to see Chimbishi is capable of processing 6.8kt of cobalt a year and 55kt of copper. Substantial capacity indeed! Doesn't take a lot to work out what that would do for the bottomline! Further, the plant has been moth balled since early 2020 when ERG confirmed they didnt have enough material to keep it going. https://news.bloomberglaw.com/mergers-and-acquisitions/zambia-says-jubilee-is-in-talks-to-buy-chambishi-copper-plant

Chambishi plus Sable, plus the access to Mopani via the IRH deal certainly catapult's Jubilee to the big time! 100kt plus per annum, maybe within 12-18 months! The Roast boys may not have been far off the mark!

Nice post Edzi, if we were here 18 months ago, as most believed, there would have been very little share price drift and the price now would have been higher than previous highs. However, i do believe a lot of the lost ground in the share price will return when Roan is confirmed to be working as expected. Instant hike in profitability and confirmation of the untapped riches about to come our way. We are just 18-24 months behind schedule! A lot of people now have the chance to join the party here, at a much lower cost!

Hopefully not Sumo, as soon as people see Roan working and creating a 1,000 tonnes per month, the market will become more forward looking. The anticipation of growth and speed of potential growth will change sentiment massively. Plus earnings will be building rapidly.

Totally agree with you LUFC. The immediate, medium and long term outlook is off the scale, here! Clearly more refining capacity is going to be needed fairly quickly. Leon has been hinting about Chambishi for some time and clearly negotiations are in the advanced stages. Jubilee’s deal making has been exemplary and i see a very complex deal in the making. At the AGM, Ollie was going to great lengths to suggest off take agreements were about to come into play! There is also the mysterious warrants issued late last year! Stage payments in the past have been popular and of course there is IRH. But i think Leon will want to go alone on this. Hopefully equity raising will be kept to a minimum. I am hoping Neal Reynolds will have a positive effect on creativity here. If they do land Chambishi the processing capacity will move us to another level again. The potential growth over the next 6-36 months is difficult to comprehend, especially as earnings escalate. Sounds like several project M’s incoming. As LUFC says, a billion pound company is incoming, its just how many billions can they make it.

Think Bushey is saying buy SLP now?

Just going by Bushey.

Bushey thinks 4p is incoming, im not so sure?

Bushey jeros telling us not to invest here, but a couple more placings snd all should be be ok! I think!

So much debt here, cant see the trees for the woods!

Seis, you just made me chuckle!!

Kalan, there hasnt been one single transaction at 4.65 today! More lies inferred from you. I’m actually viewing Bushey as classy compared to you and he’s not very high up in the food chain!

Seis, i think you will be surprised about the 25k tonnes. Roan and Sable should be pretty much in full swing. Plus the IRH deal coming on line in the second half of next year. People are under estimating too much now on past issues, but we will see.

Nice to see the half year presentation. Next years target is 2M tonnes of chrome and 25k tonnes of copper. Thats us moving up into a different league. Possible earnings around $150M ( 70-80 M chrome and 70-80M copper)! The world will start to open with the current quarters figures. Just dont understand why people cant see that!

@ HD, you are 100% correct. @ Esh, you are 100% correct, but Jubilee haven’t even scratched the surface yet. At present they are concentrating on waste rocks and understandably so, given the rich content of copper. Clearly they have to get the income streams flowing now, before they can further invest in leaching technologies etc, but the agreements are now in place. Once finances allow, im sure we will see rapid expansion into leaching and tailings, but for now its all about the high copper content rocks! I believe strongly we will all struggle to keep up with the expansion now.

@Seis, i agree totally, every 3 months is now going to show progress. The share price has tumbled, simply because earnings have tumbled, mainly linked to PGM’s. Now earnings are increasing, the more the market believes this, the share price will rise. I believe the next quarter will start the upward momentum.

Dorf, the share price is now starting to puzzle, but i do feel the next quarterly figures will start to build momentum. Chrome earnings are starting to excel. Copper would have had the best quarter ever. I definitely dont think we have missed anything, small caps in general are 50% down off their highs and we have the added problems of PGM’s, but the next quarter will highlight the improved position in chrome and copper. Markets in general will improve soon hopefully when rates start coming down in the States. Metal prices will improve and commodities will come in vogue again. The smart money will be moving in anticipation of this. There are petty tricksters/ con men on here trying to convince you the company are fraudulent. But in fact the market is risk off and PGM’s have collapsed. When in fact the company have made great strides and the earnings are now starting to show, with plenty more to come. Earnings will drive this soon and we should hear about the current quarter very soon.

When earnings keep rising Scott, the share price will respond. We have seen we are now in an upward spiral for earnings and i am guessing the next set of quarterly’s will start to lift the share price. Chrome earnings are motoring. No one can deny that and only going to get better. I am guessing we are producing a wedge of the higher grade chrome. What are your thoughts @ Seis @ Gotreal @ Dorfan @ Jonah.