Member Info for Mikiesunday

Northern, the meeting, I attended in London where Colin was present along with one of the owners who sold most of the dumps Jubilee have purchased, suggested we would not produce the final cobalt product, but indicated a value in the region of 75% of the final product. This is still staggering given the price of cobalt and the minimal costs to produce. Although plans may have changed since then given current values.

Yes I recall this too, Gotreal. He certainly indicated the cost was going to be minimal.

Great news with cobalt prices at $60k per tonne. Even at current metal prices it’s going to be a great year, cobalt will dictate this! But I don’t think it will be long before the market is pricing in a recovery and …….. this time next year Rodney!! Who would have thought a few years ago Jubilee would be producing 4 metals, with 3 major income streams. Really looking forward to operational update. Rather surprised they didn’t bolt this all in to one update! Perhaps they are learning to spread the info out. Maybe the influence of the new chairman. Bodes very well for the future.

Much, much bigger and more important than the last 6 or 12 months is the transition from producing just PGMs and chrome to PGMs, Chrome , Copper & Cobalt. Leaving chrome out of the equation that’s 3 income streams instead of one. Metals may be off their highs, but 3 income streams to one is a complete game changer, especially as one of those new income streams happens to be cobalt at $70k per tonne. Metal prices at present are a mere inconvenience, but would I rather go back 2 years and have a much higher PGM basket to look forward to, but just have PGMs in the race. Hell no, I would much rather be where we are today, looking forward to 3 income streams rather than just one, excluding chrome. Cobalt is the immediate future and I feel all efforts have been switched in this direction to capitalise on the immense Cobalt price. As Seis says, I wouldn’t be surprised to see some cobalt activity in the numbers as no doubt Leon &co are showcasing this in Zambia. I would not be surprised to see some announcements very soon oncobalt rich dumps. Earnings are clearly set to jump this financial year based on current prices, cobalt will ensure this happens, but if sentiment changes and metals recover, with 3 income streams and chrome……. This time next year Rodney!

Dorf, the confirmation of cobalt production is amazing. It is definitely going to be a complete game changer over the next 12-18 months, especially when the elephants kick in. Although saying that, 1200 tons, annually, on the horizon imminently is no small beer. Interesting share trades in the last few days, many significant share trades could signal another institution buying in. If this is indeed the case, the implications could signify no more equity raising as they are having to buy on the open market. Could be an interesting few weeks, the share price has certainly held up well over the last few days, in contrast to the wider market.

Homey, why add me to your ignore list and then post to me? The very interesting point regarding basket splits is the new multi feed capability of Inyoni. Leon clearly hinted in a recent interview, the feed material was being biased to that of higher palladium content to take advantage of the higher palladium prices. It is now impossible to guess a basket price with the unique and market leading capabilities of Inyoni, I very much look forward to the 6 monthly results in a few weeks with great anticipation. We will begin to see the new efficiencies of the new Inyoni plant for the very first time. Should I now be calling you Omi and not Homey!!!!

Dorf, it has been obvious for a long time he is not a regular shareholder. He is a cut above your average de-ramper as he has had many fooled for a long time. He has been very lucky as circumstances have played into his hands over the last 6-12 months, with copious amounts of radio silence, delays galore and under performance, mostly for reasons out of the control of the company with supply chain issues coupled with lockdowns. In contrast, Jubes have overcome all this now and look set for a massive increase in monthly income, with copper accelerating, cobalt set to happen imminently, Inyoni firing on all cylinders and chrome over achieving. Crikey that will be 4 metals ( if you class PGM,s as one) produced in the second half of this calendar year. Sentiment will shortly change dramatically and Homey will be swept aside like a sand castle in the face of a returning tide! Who knows he may even buy some shares. It’s only 4 weeks to the 6 monthly operational report, when I fully expect the results to demonstrate a considerable upturn during the last 6 months setting the scene for a cobalt infused 22-23, not to mention copper!

Homey, you are desperate for debate, to deliver your agenda. I refuse to give you the opportunity. You are now being widely recognised and denial is not very bold.

Homey, I feel you have a much more difficult ride ahead of you in spreading your brand of fear, mistrust in the management and general abuse of the company, whatever your motives! The last 12-18 months have been a very difficult period for the company with lots of down time ( planned for expansion and unplanned due to covid and supply issues), however looking forward I expect a significant improvement in news flow due to progress and significant increase in revenue due to the hard yards of the last 12-24 months. In fact I believe Leon has already agreed to quarterly updates. No matter how much you down the company you will not be able to stop the progress which is starting to get real traction.

For me it’s all about the growth. An eastern refinery in South Africa and the northern infrastructure in Zambia is going to add 100’ s of millions in revenue for 20 or 30 years, in contrast to maybe having to raise 10 or 20 million in equity is a no brainier! However saying this, it is intriguing to see what difference the new chairman is going to make. There is clearly a change in mind set going on at Jubilee. Clearing the balance sheet, new respected chairman, heavyweight broker. Times are changing and if there has to be one more equity raise to get us over the line, then so be it, but if the new chain of control work their magic, just maybe no equity raise will be necessary. Either way, the income of the company is only going one way rapidly and imminently.

Sumo, I remember many similar conversations when the share price was 2-3p and look what happened. Many people then disillusioned and couldn’t understand why the share price wasn’t rising. Very similar to now. It will happen, as it did then, as sure as eggs are eggs.

Leon says we’re going to be worth billions of pounds of market cap. From the horses mouth.

Professor, I agree completely with your sentiment, but in reality a man of his calibre would have been head hunted at the highest level and would be on the radar of many high profile companies. I feel Jubilee have done very well indeed to gain his services and very much look forward to seeing the doors he unlocks. An 18p share price is not in his interests and I would imagine the bonus that would bring to him, he would regard as pocket money.

Professor, I believe, If you want the best, you have to pay. Look at Antonio Conte at Spurs, what a difference. One big Nickel project and those shares are chicken feed.

Seis, I’m really hoping they break down 2nd half, financial year by month, so we can get a good feel of the production growth in May and June. This will really allow people to discount all the down time in 21/22 and allow for the expected growth in 22/23. Not long to wait for this, circa 5-6 weeks! A positive update on copper and sentiment will change very fast, with cobalt about to start commissioning in just over a month, I feel a very different company emerging from the transitional period of the last year. Wish I had more to invest right now at this share price!

Patience is definitely the key HD, another life changing re-rate is coming. There is going to be too much increase in income for this not to be the case and that’s without the elephants in play. When they flourish another re-rate will come. Sentiment will soon change along with the share price and I for one will still be here. Worst ways it’s a case of waiting for the earnings to show and market maths will do the rest. Best ways the market will anticipate whats coming. Either way not long to wait now in the grand scheme of matters. Let the news flow Leon and Co.

Totally agree Dorf, the second half of this year is going to be explosive. No matter how exciting that appointment is and the doors it will open, the market has got bored with Jubes. There has been quite a drag based on a vacuum of news predominately due to delays stemming from Covid shut downs and supply chain issues. Couple that with a macro migration away from growth companies, has left us temporarily in limbo. However sentiment changes very fast, in the macro environment and micro. I feel the second half of this calendar year will be explosive. Stacks of news flow. Projects maturing, earnings growing and new projects appearing. It has been difficult for Jubes to deliver news as it’s been nothing but delays, but I feel now is our time again. The next 12-18 months are going to see the fastest growth and development we’ve seen so far, but not in isolation! This will be on top of a very secure foundation built over the last couple of years. I get the feeling there has been meticulous planning over the last 12-24 months that is going to benefit shareholders massivel shortly. I also believe our London based fund managers are having a very positive input into progress and the structure of the company. In short I’m buying as many shares as I can cause this price ain’t going to be around for long.

What an interesting appointment. How many doors is that going to open around the world. Just when you were wondering what was happening to the global development team, Jubilee smash it out of the park. What an interesting second half we have! Growth more growth, development, more development. Only one way for this share price!

For me the Eastern limb is a great idea and has been in the plan for a very long time. They have had the target location lined up for a long time. Colin referred as much when I spoke to him a year ago. Leon is playing this perfectly and as Dorfan says this is based on long term projected prices and takes a lot of planning. You cannot plan this on short term daily prices as this would be tools down one month and pick up tolls the following month. Contracts secured before development is another smart strategy. Who wants to build a plant and then wonder what they are going to do with it. The implementation of the Eastern limb has been and is being planned for a very long time. The fact Rhodium prices have dropped for a very short period due to a shutdown in China is no more than a temporary inconvenience in a 3-4 year long term plan. Leon is implementing this perfectly and taking great care to make sure it is a success. This is a very forward thinking company planning well ahead. If you don’t prepare then prepare to fail. For people not liking the fast development and growth of Jubilee, maybe a company like SLP would be more suitable. But for me I’m hanging onto Jubilee for all its worth. The next couple of years look tantalising, new copper, new cobalt, new PGM and chrome plants, it doesn’t get any more positive it’s as simple as that.

We all know the size of the empire built on the back of Mickey Mouse and Jubilee is certainly on the way. The rate of growth over the last couple of years has been amazing, but the next couple of years look set to eclipse that. The cobalt story will be the stuff of legends and it looks like Jubes is going to exploit this to the limit. The next 12 months are going to be sooo exciting! Some very exciting opportunities in Zambia coming our way I’m sure! Would love to see a new detailed broker note now earnings are clearly going to increase substantially for the next financial year.