Member Info for NelsontheDog

Hi Setanta,

Following your logic we would thereofre expect to hear news on the revised weel expectations at the same time as an announcement on partner - in order to allow a deal using current low share price for Zephyr. If they push out 36 results and they have improved, it could mean they lose control of the low price now - hence the surmise above.

That in turn means it isnt long now to hear a further element of news that as you say could really motor ZPHR to new highs.

Hi Edzi,

In relation to JLP share price having a strong correlation to the PGM price - this isn't something that is borne out by actions of anyone - it is a historic view of performance, not tone, messages or RNS content.

It has in the past been clearly demonstrated on this BB that there is a clear correlation between JLP and PGM prices. The point Seis makes regularly, is that as long as this remains the case, it implies the market is not factoring into its model of future cashflows for JLP any of the now considerable Chrome, nor the expected Copper. This means there is a very real possibility of a correction to share price as and when the analysts begin to see more evidence of the new cashflows that make up the value of the share to properly reflect future expectations that consist of cashflows seperate to the PGM elements. It would suggest that there is scope for a rise in share price given the deflated PGM market versus the booming Chrome and Copper.

This current 3.75p share price seems to be pressing a lot of negativity into the ZPHR valuation. I hope I am not blinded to the risks by my optimism.

In my simple terms we have a positive outcome of cleared sustainable operatable flow level now after the mud clearance, or we drill the lateral. Whilst the latter may again delay the road to production, it isnt a duster. I assume that there is a lot of concern that funds are running out for future development. If we had to raise here it would be very poor for existing shareholders.

If this SP is engineered for a farm in, they are getting too greedy. A strong test result will hopefully rectify this position somewhat.

At this price it seems very harsh on the company

Good news today but par for the course from this excellently ran company. I have been invested here getting on 10 years now and I am impressed by them. As well as competent management, it is my view that their values are top notch also.

In peak covid, they kept their flagship London hotel open and offered free rooms and board to Doctors at St Thomas's and Evalina. Kept their staff retained also.

So, a BoD who prioritise the long-term. I am happy to continue to hold - this company is growing nicely and paying dividends. Easy hold imho.

Mikie,

And in a more humble moment change Jubilee's cash flow profile forever also

Hi Slugmum

"Please clarify which of the above is not fact and purely ‘negativity’"

Personally I feel you are tremendously negative on this board - almost suffocatingly negative - that is how it comes accross to me and I am fine with that by the way. However I do think that when raised you would own that rather than say its the facts.

Make no mistake, the facts are dire but that is not what adds the uber negativity. They are facts, its the tone of your message that adds the negative. It leaks into all your notes, for example Satoshipay have blown company funds on excursions abroad. Yes they have spent money on travel - I dont know if it is "blown" or if they hit the metrics they desire. For sure the overall outcome has not been what we would hope.

Anyhow, sorry for pointing out but for me you do seem to bathe and languish in the negative more than I like to do but each to their own.

AtB

NtD

Or as pointed out, we may see a big stone or maybe even two - we have had a period without these - maybe 24 months, but the mine has consistently produced and I am confident will again. The point I believe was salient here was the capital spend was aimed at getting them back in what they hope is big stone territory - this isnt fantasy, there are years of discoveries in there.

The fact that such an outcome could swamp the share price is a factor here in terms of valuation i believe, whereas your conviction on share price is a conclusion of worth, for which I appreciate your sharing, but will form my own view.

There is plenty to admire about Leon and Jubilee and a small element I dont like (I still feel he isnt a good fit CEO for a mid sized company - great for small company but thats old news I think). However I have never doubted his sincerity, determination or drive and motivation. Noir his passion for growing this company. Put simply the man is driven. Whilst he "may not care about Share price" what he does care about will shift the share price dial so I am more than happy in this element.

We arent going to change this part anyhow and we would have to sit Leon on a couch and analyze his psyche to work out to what degree the blunt corporate tools of ownership and options sway his thinking via ownership v bonus. Personally, as I say, this is an area I have never had cause to worry about.

Yep the claim is good - LCM confirm this also.

GoR - acting like gangsters and preying on what they thought was defenceless little PAT. They thought that they could take a Goliath position to PAT's David and effectively initimidate PAT out of this. However Mark has fashioned a slingshot and LCM have provided him with some stones to fling with it.

PAT are going to win and with a little patience, so are we - and win big to boot.

Is now three weeks behind when it was published last year. With the Roan commission news given last week I assume this will go out either this week or next and be used to also give a view on the progress in scaling up Roan production.

Hoping that Chrome outputs will appear and give a little boost for the share price also.

I don’t think it is a lifestyle company. That’s as close to a compliment as I will get however. Not sure about their work effort but in the last two years they have produced Pandulum, Nabla and Vortex. All of which post at least weekly on Twitter and other mediums - the website isn’t a main comms route and they aren’t branding under Satoshipay.

But there is some output sometime even if it’s not to their published timelines.

Vela technologies - now there is a lifestyle company.

Hi Oilworker

Yep - agree. I think its a bargain here too but key for me as a LTH is moving past drilling to producing at a level that can sustain and accelerate future growth. That would draw a line under the last 15 months and once cash follows production give CH a dandy top hat and cane for dancing into further deals in the future (something I think he does quite well).

Way outside the lines on this view but I really think with a fair wind on results this management team if they wish to could create a mid tier oiler in the next 5 years of some real scope and scale.

3.9p share price when we could be about to confirm a 1300 boepd (maybe more) well is good seems crazy and makes me nervous. The market maybe thinks the operational output will be significantly less due to the isolation of the drilled element so seems to be discounting.

Irrespective of SP, in terms of development it would be great to move past this phase on 36-2 with a plan to move to production next and some extra drills in oily acreage as cash, gas capacity and partnerships allow. Oh and Salt wash drill news.

Reflecting on the Roast Podcast. Its clear that the dazzling set of options open to Jubilee are not locked down into a plan as yet - thats understandable imv as there are a lot of others involved- a lot of moving parts. One thought from the 10 mines - I wonder if Jubilee are considering less of a partnership with UAE partner - buying mines gives all the spoils to JLP.

Reflecting on Jubilee history, I would like to understand (as I always have) a view on further raises beyond the usual there wont be any. The reason being, it may require a capital growth plan to match speed of cash in if thats the case and it would be good to see this demonstrated.

Again, I think Leon is a great leader, developer, relationship holder, but this sort of planning for the future is absent - its dull and it constrains the management options but without it I am unsure how much of any future Jubilee expansion will be coming to me and how much to future investors. This is especially crucial when I feel we are undervalued in the SP as I do now.

So for example, I would be fine if they said - we are only selling lesser copper variant for next year, as that cashflow will pay for the concentrator / acquisition of mines / resources. Ie the management can self restrain and set their own rules.

But unfortunately so far, the funding, cash and operational realities do not seem to intertwine and there is no strategic growth discipline evident.

Overall I am still bullish but as JLP grows, these disciplines are more crucial in our C suite leaders.

NtD

Thanks Joey

Not a lot of finance, secured by all of the assets of Conduit - that means any futurer funding needs to be dilution of shareholders I think. A plan on the commercialisation would be nice - either just as normal business or, as a supporting document to the dilution (unfortunately seems more likely).

I agree your potted history re Satoshi launches. But here we have 3 related launches - if it works then thre is a compelling model to hawk around if the interest isnt already there. I am optimistic on this one - not that that or your pessimism will hold any sway.

I really think they are close here. Hoping to see external noise on progress appear and also maybe an uptick in PEN price as a result?

Starts a staged launch as of tomorrow. With Vortex (the new Dtransfer) also billed as very soon, this may be a chance to see if SatoshiPay has built something with utility or something giving rise to a fourth element to be built in the future.

Sorry to interrupt the "whoa is this share, the investment without hope I refuse to sell fest" - I will leave you to it.

AtB

NtD

Well that draws a line under that (thank goodness).

And onto the next one but with significantly more production capacity under our belts and more cash to come in.

Each step makes the next less significant and the company more stable which can only be good for the SP.

All being equal you would expect a gentle rise in SP from here till RNS on hitting full swing production.

The demand is there - true,. But the close elections just held were very close to giving power to those who want to nationalise - this is still a vote winning view and as a reuslt damages the investment profile of South Africa. Its a brave foreign investor who steps into this area - prices regulated, long long investment timeframes and a political risk of never getting to revenue.

Chariot power business seems to be straight to mines and trying to tiptoe around being thougt of as a national resource - difficult to do and the risk is there.

About 106p - assuming 25p of the assigned value in the SP is attributable to Bhukia?

I get your point on value, but time as well as risk is the key here. I think the market feels it doesnt need to buy tickets yet as the journey for real starts later and as such a very discounted SP and an opportunity for those content to park money for a longer timeframe.

Personally, I did think we may rise to double digits on the NoA but whilst I would ideally look to slice profits at some point, the bulk of my investment I want to hold for a potentially big payout. Bizarrely, the lower SP makes that easier than if I was sitting on large profits.

Slowly slowly for this one - there is plenty of other plays for thrill a minute rides - sky diving off the top of a building versus politely queuing for the lift. You others on this BB appear to be my fellow lift passengers - lets hope for a pleasant ride.