Member Info for Mikiesunday

Crikey peeps, people buying right now are getting one hell of a bargain. With all of the hard work done at Inyoni and Copper flowing. Cobalt about kick in! My word, at such a pivotal point in the history of Jubilee, how is this manifesting? Next copper project being constructed, lots more earnings to come! Bring on the quarterly’s Leon, Need some confidence boosters here.

My guess, the drop would be a result of a change to the algo’s after the Jackson Hole meeting and subsequent fallout. Hopefully temporary, certainly wasn’t based on any heavy volume of sales. I certainly don’t think there is any worry other than market forces. Just need to let this play out and the results will soon adjust the market forces, otherwise we’re heading towards 1-2 times future earnings in 10 months, which is just ridiculous.

Absolutely Northern. P11D benefit for electric cars is just a fraction of diesel cars. There will be no stopping the demand for electric cars, just a tad expensive at the moment like all new toys. Entry price point will soon change. Everywhere I seem to go now I see new charging points. I am quite shocked at the pace of change.

No need to speculate about the elephants though Sumo.

Seis, I totally agree with you and think this is all becoming very political. Interesting tweet from Jubilee about HH in Tanzania. Colin’s services weren’t maintained for his youthful charm. There is something very big brewing in Zambiaand I’m guessing Colin is at the heart of it. Pure speculation of course, but like you, I see the picture forming. New chairman wasn’t bought in to sit idle. Leon is too ambitious to sit still. I think the next move will catch a lot of people out, especially some of the traders on here.

Seis, great graph as always. I feel 2 key points holding us back at the moment. Firstly the Chinese lockdowns are creating havoc with prices and perceived demand. Secondly we have no meaningful proof of copper and cobalt production to speak of. This proof will manifest over the course of this year and hopefully first evidence will come soon in the form of a quarterly update. Proven Meaningful copper and cobalt production at reasonable cost will cause the share price to re rate. The sooner China gets to grips with Covid and PGMs, especially rhodium will flourish causing another re rate. We are in a complete storm at the moment, but a few weeks can soon change the landscape, so for me this is one hell of a buying opportunity that is definitely not going to be around for long and either the Chinese or cobalt will see to that or hopefully both. A quarterly report in early October could completely change sentiment here! Only a few weeks away!

Clearly a lot of frustration around at present. As much as we hope it will change, Jubilee is still a backwards looking company. By this I mean the market only react to hard and fast results, with no forward anticipation or pricing in. This is probably due to bad management of communications and trust, but I’m sure this will change soon. In my view, now is the best time in a long while to invest, as the results manifest the share price will re rate accordingly. Whilst the company have zero communication skills, they do have excellent prospects and a leader that is hell bent on creating a monster and I believe very strongly we are going to see massive new developments in Zambia and the Congo as hinted by WHI and Leon in the past. It would be very churlish to sell now, but given what we know has been done in the last 18 months this has to be one hell of a buying opportunity. Results will soon do the talking. Let’s hope quarterly reporting is delivered as promised by Leon.

Thank you Seis. That would certainly put full year 2021 well and truly in its place. Imagine if Rhodium gets any where near it’s forecast on trading economics of £24k per Oz by the end of this quarter.

Some great posts Seis, you are doing some great for the share, very much appreciated. Didn’t Jubes buy out the Southern operation partners completely making the Southern operation 100% owned and reduce the Northern operation partners share substantially. That graph is so powerful as you say, have you thought about doing a more optimistic one? Maybe a higher average copper price, basket price and improved cobalt production. This might really highlight the potential here. But the graph just done suggest over 21p per share incoming based on previous performance in relation to historical share price. Could be a very exciting year ahead, in fact could be fireworks if metal prices improve.

BB2, I was very hopeful that Inyoni’s production would be broken down to monthly performance to see actual monthly figures. Previous RNS prior to upgrade stated Inyoni did 3k oz in the month of December alone. Applying a 45% increase would suggest circa 50k oz is possible based on that performance. Based on this I remain hopeful that guidance can be exceeded and very much hope we get quarterly production figures now ramp up is achieved.

Would have liked greater detail around Inyoni figures, but the following copy and paste is very exciting. Could mean a massive step up in profits for full year to June 23 with the substantially reduced costs. “ The past six months and especially the last quarter has shown a sharp increase in PGM production and lower costs as Inyoni achieved its full design capacity with the majority of the PGM production stemming from this quarter. This performance underpins our target of reaching 44 000 PGM ounces per annum from our own facilities as more of our production benefits from our renowned efficiencies.“ if the majority of ounces came in the last quarter, looks like we may have to wait another 6 months to see what Inyoni can really do, or will Leon come good on his promise and give a 3 month up date. Copper costs looking very good with efficiencies through scale to come. But the real dreamy part of the update came in the last few paragraphs” in addition, the Company looks to complete the testing and commissioning of the cobalt circuit on the back of the completed ramp up of Project Roan offering the potential of significant earnings contribution
· Jubilee's technical and projects team can now dedicate their focus on the development and execution of the Northern Copper Refining Strategy.” It feels to me the scene has now been set for a magnificent couple of years. Leon, I challenge you to clean up in Zambia! 100,000 tonnes of copper per year please and 10, 000 tonnes of cobalt. You didn’t keep Colin on for nought, go get it! I believe you are just at the start of the Zambia programme.

Very interesting tweet,
We’re glad to hear that the @AfDB_Group has approved a $14.4 million loan to enhance food security in #Zambia.

This funding is much needed for Zambia to thrive!

#JLP #Development #FoodSecurity
A very random tweet or perhaps a big clue? Who else could be thriving and expanding in Zambia? Any thoughts on this?

Sumo, the numbers are going to be very hard to ignore soon. It’s not just about PGMs anymore, but copper is about to play a central role, with our star striker cobalt about to be unleashed! We have just evolved from being a one man team to a star studded line up and the share price will respond very soon. I’m sure the likes of Fidelity, Jupiter and Slater know exactly where this is going.

Seis, that is a great comparison. I think SLP further highlight the point. They are around 65% off their highs as is Jubilee, suggesting no distortion for copper, which is great news in my book as there is no copper value built in yet. Ultimately earnings are going to have the greatest influence on the share price. I have recently used a PE rate of 8, but in the future I feel 10 or even 12 will be appropriate as Jubes highlight their longevity credentials. It’s just a question of what you think the earnings will be and with the surprise addition of cobalt in the figures this year, we could be in for one hell of a shock.

Time to bring the feel good factor back Frog, the hard yards and down time are spent and have well and truly been priced into the share price. It’s time to let the good times flow. Bring on the copper, bring on the cobalt and let’s see what difference the new and improved Inyoni makes. It’s time to lift the mood along with the share price.

Afternoon all. I think rather than nerves frayed it’s frustration at the share price performance, when the company have clearly advanced so much. I feel it’s just a matter of time before a stonking re-rate is going to happen. The fundamentals are very simple. Jubes is now producing circa 10-14 tonnes of copper per annum in addition to the upgraded Inyoni, which is going to produce circa 44k oz without a 40% pay away as is the case at Windsor for the use of the facility. 1200 tonnes of cobalt per year very soon! Fundamentally the investment case here has never been better, with the elephants about trumpet very loud. My word, the last thing I would do at the moment is sell any of my holding, instead I’m scrambling to buy at these prices.

You are right Summit, the company is for the benefit of its share holders, but the majority of its shareholders want growth. The payday for most has been excellent and will continue excelling. The very early share holders have been unfortunate, but most have lined their pockets by averaging down. Now it’s time to reap the rewards and stop trying to bang a square peg in a round hole!

Looks like a top level appointment, underlining the drive for true environment and social governance performance at the highest level. This should really attract the greenest of funds. With such credentials as truly sustainable from top to bottom, an incredibly low PE rate looking at the current year ( beyond belief low) an incredibly forward looking board with the desire to achieve and pipeline projects already in place and underway to substantially increase revenue and profitability I can see Jubilee offering true diversity to sustainable funds seeking major Alpha.

Should have said May not last month.

HD, markets are just broken at the moment. Look at the ftse, unexpected growth in the economy last month, previous month upgraded and we get nearly a 1% retrace. I know most of the ftse is based overseas, but the 250 is down as well. Jubilee will fly soon, as the numbers come through and sentiment in the wider macro improves. The forward looking PE for the current year must be ridiculously low, only one way from here. Accumulation for me. Would love to see a new broker note.