Member Info for Mikiesunday

Sumo- earnings will turn the share price and sentiment around. We saw a significant increase in the earnings in the second half of last year compared to the first. Unfortunately the board did not highlight this fact, choosing only to compare against the previous year. EBITDA clearly illustrated this circa 11m ( half year ) circa 25M full year. We now need the first quarter figures to demonstrate that growth is continuing, with additional growth in the form of the new chrome contract and hopefully increased PGM production at Inyoni from this. It is very important the new FD highlights the increased potential the new chrome contract is adding. Looking at the current quarter there could be even further growth on this if the price of rhodium keeps jumping. With further growth to come in quarters 3 and 4 from Roan. It is very feasible we are going to see growth every quarter this year, just need the first quarter out.

Totally agree Dorf. We have been extremely supportive of the directors. However it is time they moved the company up a level now, there has been substantial investment, many years of groundwork, planning and development. Like you i am buying more shares as i do believe strongly in our board, but now is the time for delivery. Now is the time for them to shine and move this company up several notches, otherwise, like you i feel there will be an autopsy, if this year fails to see significant development. I remain more than optimistic, i feel it has been a long time coming, but this will be the year of years for Jubilee. I am looking forward to the AGM. I have met Colin and was pleasantly surprised. I am looking forward to seeing Leon in action. Great news regarding rhodium. To have 2 metals in our stable performing well would be fantastic. Hopefully a long way to go for rhodium but very encouraging.

Jonah, phase one, must make good sense, with the current chrome price. Plus condenses the amount of material that has to be currently moved.

Very interesting Slater was eagerly awaiting the test results requested by the banks. Next thing we know Slater is buying!

That is great news Seis, an increase in rhodium of $2-4K would have a big impact on the basket price, especially if platinum re-rates as well. Just need to let the algo's know its on a charge! https://www.bnnbloomberg.ca/us-steps-up-efforts-to-access-africa-s-critical-minerals-1.1983837 This is a very interesting article and perhaps very relevant to Jubes. I would have thought Jubilee would be first in the queue for American funding, especially when they are looking for sustainable cobalt and copper.

@ Happy Days, they made a big point of stating the new PGM plant has been sidelined. which i think is very sensible targeting chrome and copper. But they did say they were currently negotiating several chrome deals and the target of 2m plus tonnes still stands. I took this a big positive for chrome and we all know when Leon states a date in an interview, it is the earliest possible and usually takes a little longer. It sounds to me like they've got people knocking down their doors to get Jubilee processing their chrome. Very positive for the future and future growth. Must be planning to build a few more chrome plants if they see an opportunity of 100K oz's of PGM. This is going to be a monster beyond all belief, if the copper replicates the chrome, even without the copper, the chrome and PGM's are looking very sound. Bring on the copper , i say! Northern test results due in December, not long to wait!

Basscadet/ Chart topper, they even suggested a fixed timeline for quarterly reporting. That would really give some continuity and make life more difficult for the village idiots to scare and create unnecessary anxiety. Im guessing we will get results by the end of the month/ beginning of next. After yesterdays presentation you can really see the structure forming in Jubilee. I guess this is the transition we really need to move to the next level. In the meantime looks like news on Mopani imminent, https://www.iol.co.za/business-report/companies/zambia-to-decide-on-sale-of-mopani-copper-this-month-a5c43015-b6a8-4bb6-b24c-932a665a21a5

Https://www.miningweekly.com/article/innovative-copper-cobalt-tailings-treatment-encouraging-jubilee-2023-10-11

Yes, it wasnt that long ago, the mining sector was 9-10 x EBITDA. Lots of talk of new stimulus in China.

According to google the average multiple of EBITDA for the mining sector is 6. Which is roughly where the market cap currently sits. This does not allow for the new chrome contract or anticipated increase in copper production. But you could argue based on the figures released, the current share price is spot on. However we do have quarterly figures coming soon, which will start to demonstrate the new chrome effect and hopefully lift the share price in relation to the additional chrome income.

Nice to see quarterly reporting being properly adopted. Leon seemed very disappointed in the share price, but seemed very upbeat that higher earnings would now show through as the quarterly reports get released. Nice to see a time line being given for the quarterly reports as well. From a personal view i am very happy the earnings look to have bottomed in the 6 months to Dec 22 and are now on the increase and will keep increasing for at least the next 2 full financial years, even if metal prices dont recover and Jubilee does not add another project. This will come in the current year via the new chrome contract effected in June and increased copper production. Then in the following year by A full year of the expanded Roan. However i do feel there will be lots of projects added in that time, not least an imminent chrome project and the much anticipated Northern project. Lots to be anticipated here, especially at such a low share price.

agri, sharky, crazy response this morning for a massive turnaround in performance. ebitda of circa £11m for the first half and circa £25m for the full year. this confirms jubilee is back on the front foot, the earnings have stopped reducing and are once again increasing. i havent read through completely yet, but am shocked at the initial reaction. earnings back on the way up. earnings set to increase with new chrome contract in action. copper production set to double. in *** packet terms, if ebitda was £13/£14m for second half, this translates to £26/£28 for current year, plus new chrome earnings, plus increased copper production, ebitda will be considerably higher for current year.

Chrome to shine bright?

HD- the market always hangs you first and then has the trial later. We have been depressed now for approaching 2 years in the wait for the most anticipated recession ever! It may be finally upon us in Europe, just need the States to follow suit. The evidence will appear shortly, but i dont think the recovery will be priced in, until we have full evidence of the recession. Then we will see the likes of Platinum re- rate ( as the market stares at a shortfall ), until then as Gotreal says, the algo's are in charge. Minuscule volume has over dragged on the share price. There was hope we were in this position at the start of the year and that proved a false dawn, lets hope were finally there, get the recession over and done and price in the recovery.

Yep, definitely agree Dorf, only one way from here.

Morning Dorfan, i think the main issue with the share price has been expected earnings on the back of falling PGM prices, but this has certainly been compounded by a lack of communication until very recently. The recent chrome news has certainly stopped the slide in anticipation of higher earnings. I believe comms are improving, but still have a way to go and i hope the current quarter will see further improved communication/PR. Essentially, i feel the share price has been tracking 10 X EBITDA or anticipated EBITDA. The chrome news has certainly steadied the share price and lifted it from the early 6's. Based on the second half of last years performance i am hoping we will 8/9p fairly quickly when the accounts are out. With a steady rise throughout the year as news of the increased chrome profits flow through, along with increased earnings from Roan/ Sable. Many other drivers will help the share price, but particularly news on the anticipated chrome contract and the Northern project. But i do believe its only going up now, as EBITDA lifts year on year with the planned expansions and expansions already made. An incredible time to be a new investor here as the hard yards have predominately been made, with all the gravy to come.

Loving the RNS this morning. 2 weeks earlier than last year- smacks of Jubilee back on the front foot. Clearing the decks of last year, ready for a transformational year! Just bring the news Leon, hopefully chrome plated!

Posted this earlier, but seems to have vanished. A quick read, but very important for our future. https://www.bnnbloomberg.ca/a-new-850-million-route-to-speed-up-congo-s-copper-exports-1.1979710

Zambia and the Congo taking matters very seriously.

All Slater's funds have been incredibly successful, often holding the number spot for growth. He commands respect from the investment community and has an excellent track record. But lets not forget Fidelity have added substantially here as well. There is no question about the immediate and future prospects of Jubilee when the likes of Slater and Fidelity have been adding. They will not only be talking to Leon, but they will be talking to all the directors and people on the ground. Its not uncommon for site visits either, when they can really sort the wheat from the chaff. So rest assured, when the likes of Slater and Fidelity are adding we know there are exciting times around the corner. I'm guessing we will hear very shortly about the quarter just finished. The chrome production figures will be particularly interesting. Plus will the new chrome contract influence the PGM figures? With so much news due this quarter, i believe this could be the most important and influential quarter Jubilee have ever seen.

He is like a clairvoyant gazing at a crowd of 500, 70 year olds asking if anyone knows some one called Fred. When 20 people put their hands up, he declares himself a miracle worker!