Member Info for welloilbeefooked

In my opinion, CB is a complete liability and should be removed - not only has he overseen the destruction of shareholder value here - we were 50p back in 2009, if you take the time to check out some of his other ventures you'll find exactly the same trend : XTR - share price down exponentially over the last several years eg Feb 2015 - 13p (it's been much higher) today 2.6p GLR - ditto - May 2012 sp 43p - today 1.5p BZT - to be fair,can't actually blame him but he's just ploughed �400k in at 0.45p and became executive chairman and I don't see how that helps us one little bit. Also, check the BZT chart out, exactly the same trend. Hate to say it guys but we may all have been suckered here. And I wish I'd done better research before chucking my dosh into his pockets.

The initial term was for 30 years per the RNS - but governments come and go in Africa and BMR may be a salutory lesson . 2 March 2017 Jubilee Platinum ("Jubilee" or the "Company") TJATE EXECUTES MINING RIGHT Highlights � The 22.33 million PGM ounce* Tjate Platinum Project ("Project") is awarded its Mining Right � The execution of the Mining Right is a significant milestone in the development of the Tjate Platinum Project in support of Jubilee's Mine-to-Metals strategy Leon Coetzer, Chief Executive Officer of Jubilee said:" We are pleased that the Tjate Platinum Project has received the mining right. The mining right is a major milestone in the development of the Project and is in line with the Company's Mine-to-Metals strategy. The mining right confirms the significant potential value the Project offers to Tjate and contributes to the Company's resource portfolio. The timing of the mining right coincides with the continued global recovery supporting the anticipated improvement in the platinum markets. The Tjate Platinum Project is one of the world's largest undeveloped block of platinum and we look forward to unlock its full potential." Jubilee, the AIM-quoted and AltX-listed Mine-to-Metals specialist, is pleased to announced that Tjate Platinum Corporation Proprietary Limited ("Tjate"), has executed a mining right ("Mining Right") with the Department of Mineral Resources in respect of the Project comprising the Farms Dsjate 249 KT, Fernkloof 539KS and Quartzhill 542 KS, situated in the Magisterial District of Sekhukhune in the Limpopo Province of South Africa. Tjate now has the right to mine and process all platinum group metals, chrome, nickel, copper, gold and certain associated metals and minerals from the Project mining area, subject to Tjate complying with the terms of the Mining Right and alignment to the requirements of the Mining Charter. The Mining Right is significant not only to Tjate and Jubilee, as largest shareholder, but also for South Africa's mining industry as a whole and is a culmination of Tjate's exploration on the Bushveld for the past 10 years. The Mining Right has been executed in terms of section 23 (1) of the Mineral and Petroleum Resources Development Act 2002 (Act 28 0f 2002) ("MRPDA") as amended by the MPRDA Amendment Act 2008 (Act 24). The Mining Right covers the development of platinum-group elements, gold, nickel, copper, chrome and other associated minerals from the Project for a period of 30 years, renewable for an unlimited number of consecutive periods each of up to 30 years. In terms of Section 25 (2) (a) of the MPRDA. Pursuant to a Deferred Share agreement ("Agreement") as previously announced on 6 May 2009, with the historically disadvantaged shareholders ("Beneficiaries") of blac

HD - if only that was true. There's no value on the balance sheet for Tjate. It's worth nothing until it becomes commercially viable to get it out of the ground and flog it. We hold a piece of paper giving us the right to mine, that's all - and the clock is ticking.

HD - why would we be worth a market cap of over �70m at the moment ? We've only just become profitable (allegedly) and we're led by a guy who is happy doing deals without checking partner companies' licences?

Nope - been invested here for years, average a shade under 5p and I agree that buying in now is probably going to make people plenty of upside. No confidence left in CB though.

Completely agree -there would also be plenty of people who bought in higher than that. But HUM have turned a corner now - $70m free cash flow from the first full year of production - that's with gold at ave $1250 - it's currently �1350. The problem here is there's no sign of a breakout - sp has been moribund for the last 2 years apart from the spike for Tjate which is worthless to us at the moment. In fact, let's hope the govt doesn't do a BMR on us with that carbuncle. Add to that the fact we have management who told us less than 2 weeks ago that it was all systems go for Kabwe, only to have egg all over their faces the very next day. And then there's the small matter of the �8m write down in last years accounts. They brushed questions off about that in the last podcast. Well, as an accountant, if the auditors have flagged that up as an impairment, almost certainly against CB/LC's wishes, there's a better than even chance that we won't be seeing that cash again. There's a lot riding on our jam tomorrow pipeline.

Hi TBTT, I only brought HUM up as an example of a small cap mining company who managed to increase their sp by around 100% while going through the construction phase of the mine. And the way they did that imo was through excellent management, excellent communication at all stages with investors, and delivering on time and budget. Huge upside there too. HUM investors have always known the numbers, which are fantastic and they're now making money hand over fist. Basically the HUM management said what they were going to do and they did it.

There's probably quite a few on here like me paddwah who would be happy to see a bit of the "pump" side of the coin - we've certainly had plenty of "dump" ! All the best

Now what would be the chance that HUM would pop up here .... https://audioboom.com/posts/6681483-daniel-betts-managing-director-of-hummingbird-resources-hum-160218

Paddwah - no disrespect but I have to disagree. These companies don't pour money down a drain for no reason. They INVEST in social media and they get a return. Why do it otherwise ? We're in a business where large construction projects are part of the landscape. I think it's essential that investors are kept updated frequently with news of ongoing progress - it's not market sensitive information, it just provides a level of reassurance that things are progressing. As I said earlier, have a look at HUM - a big gold mine project, brought in on time, on budget and everyone knew because they kept us informed at all times on social media. Shareprice over that period ? Up over 100% and that's before they started pouring gold. Investors believed.

Glencore are on FB, twitter, instagram,linkedin,youtube and flickr BHB are on twitter,youtube and linkedin Rio Tinto - twitter.youtube,linkedin,flickr Anglo American - FB, twitter, instagram,linkedin,youtube and flickr etc, etc And then you could start talking about the big oilies ... BP - over $500m spent on PR to rebuild the brand after deepwater horizon - FB, instagram, twitter, youtube, flickr In fact, the big boys are all over social media and PR - are they all doing something wrong ?

Try getting a sense of humour

Sorry folks - just for clarification, there is no Tumbleweed PR - my failed and frustrated attempt at humour. GLA

Sorry Snaffer - I never quite made it to the end of your reply :) And if you look up quickly you may just snatch a glimpse of that humour flying over your head ! Tumblewweed PR - gettit now ? There is a serious point here. Their PR is non existent. While they are building projects up they should be keeping us informed any way they can. Silence makes investors fearful. Have a look at HUM - gold miner in Mali - just started producing after building a massive plant in Mali - all the way through they updateD shareholders via twitter, FB, regular RNS etc - CB/LC could learn a lot there.

Apparently JLP have appointed Tumbleweed PR to handle all the crucial aspects of keeping investors and the market regularly informed. Never heard of them ? Me neither ! Even at this crappy share price we have a market cap of �36m and they don't know how to open a twitter account ? Total joke

Hi Rosewall - if that is indeed the position then CB has been asleep at the wheel. I'm not sure what the position is in Zambia with regard to companies taking shareholder positions in other companies with existing mining licences, but it is Africa and I would have thought a cursory call to the government department in charge of mining might have been near the top of CB's due diligence list.

AIM listed miners operate in Zambia ? And have they suspended their shares ? More to this than meets the eye imo.

They mentioned Kabwe - 6.5million tonnes and over a $1billion

The last so called "interactive webcast" actually amounted to CB interacting with LC - they basically replied to a few selected questions that they had chosen pre broadcast. So the chances of actually getting answers to some of the tougher questions that have been raised here are slim to nil. Oh - and they don't respond to email questions either.

Hi Weeble, You've hit it right on the head : "as long as operational earnings keep rising, new projects keep starting, and we don't get diluted to hell in the meantime, we'll be OK." Dilution is killing us - it needs to stop.