Member Info for Sumoskier

No particular calculations except to think we’re at risk from the new investor then thinking that two partners will want something if they’re putting the development capex upfront, unless we receive a minor portion of the earn?

The question is how much further dilution is this going to cost. Fully expecting to end up at 4bn shares before the strategy is out?

If you’re waiting around until 2030 you’ll want a lot more than 16p?

The problem is the wider public aren’t seeing this? All they can see is a collapsing share price from a company that can’t prove it’s profitable on an ongoing basis together with continuing share issuance? Absolutely not surprised if this goes below 2p when the H2 results come out as there is little production/revenue against large fixed costs.

Maybe the issue is Leon’s definition of near. Mine would be a couple of months at most, based on experience his could be much longer!

Having listened to the end of the presentation again, can’t find any reference to LWP announcement going back to Dec 26?

Personally, due to the number of missed targets, if they want options then let them walk!

Leon is overpaid for the value of the company. Compensation might be okay for a £300m company not under £100m and shrinking? Issuing options for staff retention will only be okay if this is aligned with a share buyback process? No reaction to the presentation which shows how poor it was received?

Junior, with the share price down 35% over the last year, the company valued below NAV and more shares going to be issued the real question is when is the supposed real value of all this activity actually going to show up? Whatever Leon says is not trusted by the market? That ship sailed long ago! Showing a positive FCF would provide stability. Sumo

Without a profitability analysis this seemed to be a bit of a waste of time? Just more dilution coming down the track from options when , just to reiterate, this was ruled out on the SA sale? Management have no credibility.

Fine if it’s a a super massive premium?

The most obvious question which needs to be answered tomorrow, but won’t be, is the overall copper production and whether the company is profitable on an ongoing basis? After all JMK is on the call! This might then alleviate some pressure on the SP?

Another positive day in the life of Jubilee!

Just setting myself up for the disappointment. If something positive happens then whoopee doo!

Frogboy, as per usual I think the end of July update on LWP is going to be another deferment on timings. Can’t see Leon delivering on what’s been stated before. Currently zero credibility in my eyes.

Wouldn’t you expect a longer lead time to what is a major presentation? Maybe two weeks notice or more?

Well, that’ll never happen? It’s not as though JLP can point to a successful delivery profile!

The mistake you’ve made here is that maintenance is needed if the refinery is actually producing something! Sable’s daily production could be completed in a garden shed!

I thought the previous break even was at 350tpm, pre war and all but based on a copper price of $8k? If the rise in copper offsets the cost increases then break even is similar? 7k per year should be profitable? If not they might as well just size up the assets and sell off to make life less painful for everyone!

Seis, with Molefe opening up and the detail you mention, based on run rate, we should be expecting break even+ in the next six months?