millwallfan, Jubilee still has much potential even more so than in 2021, the big mistake you haven't taken into account is that the price of metals have crashed down since 2021 look at what the share prices were for all the other metal produces like SLP and mining companies when Jubilees share price went to 22p and now look at their share prices.
Luckily metal prices are starting to go back up look at copper hit a new high today for this year.
I'm not expecting good results for the 6 months from the end of June '24 however I'm sure they will still be better than years ago. but I look forward to much better results for this year and next year even better. |
"The point about fulfilling the copper contracts is that JLP has borrowed against the future deliveries so failure to honour their part would cut them off from this source of finance which would be catastrophic.($24m in the last accounts)." Tim, please point me to the section in the accounts which supports this. |
You erroneously said before Kenny that Sable relies on Roan to deliver concentrate. Sable receives very high quality (3%+) ore direct from Munkoyo. Similarly, upgraded concentrate from Project G is going direct to Sable, so they have been producing copper all of the while that Roan had power issues. |
 We are getting quite close to the reality of all the previous optimism. Roan is up and running, chrome is doing well, PGMs look as though they will be somewhat stronger this year and finally the Sable upgrade is due to be completed in about 6 months time. I have left out IRH and have not included anything for leaching.
Presuming Sable reaches its purported production levels FY26 will contain about 6 months of the full programme but will be substantially up on FY 2025, then FY27 will be substantially up on FY26.
All of the above should see the financial position improve considerably.
The point about fulfilling the copper contracts is that JLP has borrowed against the future deliveries so failure to honour their part would cut them off from this source of finance which would be catastrophic.($24m in the last accounts).
We are very dependant on the Sable upgrade so hopefully we may get some good news on the progress. Alternatively bad news either on the 1/2 years result or on a Sable delay could be tricky. |
Its the hope that kills you...... Dashed on the rocks of endless, relentless disappointment.
I'm now out for anything in double figures (pence that is.)
GLA |
I think I have said before that in my 30+ years of investing in shares with various ups and downs JLPis by far the most frustrating share I have ever held. My average is as smidge under 5p but I have consistently resisted selling on the multitude of ‘highs’ holding firm in my (misguided?) belief that this had so much potential and would prove to be a true multi- bagger. 50p had always been my target 😂 but at my now advanced years I am fast coming to the conclusion I need to bin my rose tinted glasses and will probably need to drop my (still optimistic) expectation to 10p !
Comments on my stupidity or blind faith very welcome !!! |
Yes XTR has been hammered down just like Jubilee. |
Yes feedom, but XTR has been hammered down these past few years. If Jubilee doubled from here, I would be encouraged but not ecstatic, that will come when back well about 21p |
people anticipating financial results this week to be very bad? or do you think priced in |
KenSpot on. We all agree that JLPs business model has evolved, over the years, into project concepts that, at first glance, make excellent investment sence. However, 20 years on and they still operate in a manner that is incredibly investor, especially PI, unfriendly. You have been banging on for years about clarity with the figures. For a start they need to quit blurring the lines between projections and facts and skirting around hard truths. You wasting your valuable time over on Undies Board, with the Happy Clappers. No offence, but it mostly consistsIts of delusional mug punters, greedy fools and those on the payroll, like SB and Freedom. I'm afraid this became uninvestable, at least 2 years ago, and in truth, probably was from day one. Unless they can begin to deliver on every project and prove their production figures and non "smoke and mirrors" profits and or losses, my take is it will eventually be relegated to the "gravel heep" pun intended, of AIM casualties. If not, buy in, albeit at a premium, once they've proved commitment to investors. I'm certainly happy sitting on the sidelines, my capital working for me elsewhere, and so what if I slightly miss the boat, on the highly unlikely chance, they pull off a re invention of themselves. Good luck either way. |
XTR has done very well in past week share price over doubled. |
As I said, I would have thought by now they would have already done so frog. |
Or you could see lots of selling to crystalline losses ! |
"Why didn’t we go for this grade of feed in the first place ??"
Didn't Leon say because it wasn't available at the time. I presume at a good price. |
i am getting optimistic about jlp. pumpers pumping and attacking all the way down are saying they are selling at the low.....
look promissing suddenly |
I would have thought those pi's who wanted to take a profit/loss for tax purposes would have already done so.
However, we could see increased buying before 6 April by those who want to buy at these low prices before lots of pi's start buying for ISAs which could force up the share price especially if mm's realise this. |
Morning Ade, yes, even the uber bulls seis nav from the other channel has sold up some of his holding |
I expect heavy selling b4 April 5th as II get to net zero. |
I suspect that cobalt will have to reach at least $30/tonne before JLP become interested. |
We are not producing cobalt Gen. We are barely producing copper. |
Lookalike we are in for an interesting week.
Copper continues its climb to 5.00
Cobalt
Cobalt (USD/T)
36170 +2605(+7.76%) |
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