Jubilee Metals Share Discussion Threads

[plat hunter] 19/10/2020 21:04

Thats's not what Im saying at all gfa

[plat hunter] 19/10/2020 21:04

Very generous Mercury... How on earth do you think you'll get 20 years of phosphate production out of roan and elephant.Are you literally dividing the tonnage over sable capacity?Note my early posts about concentrate getting either dumped onto the market or being forward sold to jlp for stockpiling.

[goingforarun] 19/10/2020 20:55

PH, don’t really understand your logic here? You seem to be saying don’t do the Copper, keep the cash from the PGMs and wind the company up in two years? At least by doing the Copper we’re buying into 15 years of earnings?

[mercury287] 19/10/2020 20:54

Plat, In response to your question earlier. I'd envisage current cash and cash equivalents are between $15-$20 mln based on: $10.8 mln in cash on 30th June plus $15.2 mln (Q3 Earnings) Less ROAN Processing Facility: $3.75 mln (quarterly commitment based on $15mln (debt/cash)) Chrome/PGM commitment: $2 mln Corporate overheads: $2 mln (based on WHI note) Kabwe costs (zinc circuit): unclear although fully funded from cashflow I seem to recall recently you were criticising SLP for not having a plan for use of the cash their operations are throwing off; now you think JLP has got it wrong for doing just that. Neither company has changed it's stated approach, just your view of them. Final comment then I'll move on - if you value 3 years of $50mln earnings (which doesn't reflect JLPs PGM/Chrome resources), the same as 20 years revenue at $50mln earnings then I'd happily do a deal to give you 50k for the next 3 years if you commit to giving me 50k for the 20 years that follow.

[plat hunter] 19/10/2020 20:33

Lets say it works and in 2 years time the copper is pulling 24k tonnes at 50 million a year. Now wait for the 6-12 month earnings lag for reporting. (No quarterlies here)And now you've only got 6-12 months of pgm material left.We gain 50 million in one hand and lose 50 million with the other.Peter is quite literally getting robbed, to pay Paul

[plat hunter] 19/10/2020 20:29

I agree Kenny but cash is king and there won't be any of that here for a few years now.Should have used placing, yes it would have diluted the eps but it would have retained cash and improved cashflow.I'm happy to come back if and when it looks set to pay all that cash back.

[bullster] 19/10/2020 20:29

. . IN £18,865,288 cash at full year end June 2019 £15,000,000 estimated profit f/y end June 2020 £17,000,000 estimated profit first 4 months f/y end June 2021 OUT 16 months Expenditure ? . .

[kennyp52] 19/10/2020 20:20

Plat .. disagree ... it is the cheapest way of financing if you are building equity you can borrow against more cheaply in the future ( with the assets paid for ) if you need to . Heard mention of BMR many times but is that not all in the past ? Something to do with Colin Bird ? Do you not think Leon is in control of this one now ? In what way could this cause damage to JLP . Just want to understand your angle .

[plat hunter] 19/10/2020 20:18

Seriously good luck to all and I hope it works but i want cash.I want to see copper numbers and retained earnings.

[plat hunter] 19/10/2020 20:01

Never gamble your own money in business

[plat hunter] 19/10/2020 19:59

It was a while ago, the company directors of the jv partners link the dams back to BMR under a previous trading name.If you google the other jv partners company name, cross reference it with company house and the directors, google the licences, it all comes back to BMR.BMR who we paid nigh on 5 million with dilution on a 40 mill mcap for 6.2 million tonnes of surface waste, then lost the licence the very next day.And JLP are now throwing it's hard earned pgm earnings at who I'm sure are nice enough people but essentially bottom feeders. All for a chance of securing a big boy like we did at hernic but for copper...Regardless of how big the returns might be,they're punting shareholder cash.

[kennyp52] 19/10/2020 19:46

Who are the insolvent salesmen Plat and how close are they to JLP’s core ? If you wanted this to get to midcap then you knew this would mean more investment and either dilution or use of the cash-flow . I prefer the latter to be honest and it may delay a dividend flow but the market will look forwards and if this glitters then investors will buy in. There is too much potential upside for it not to be noticed and with a couple of valuations indicating double digit share price you’d have thought it’s only going to take 1 or 2 more decent RNS and it will start to move ... all IMHO .

[plat hunter] 19/10/2020 19:41

Growing earnings but not growing cash.Price to free cash flow 21x

[plat hunter] 19/10/2020 19:15

Neither can I

[bullster] 19/10/2020 19:08

. . The new quarterly update shows us that: Earnings from chrome = $12 per tonne Earnings from pgm's = $1,202 per ounce The webinar has Leon saying we are at about 80,000 tonnes of chrome per month and set to go to 90,000 tonnes per month. Chrome prices are on the up and efficiencies are increasing, so $14 per tonne earnings for October is realistic. PGM production was 15,044 ounces for the quarter, with further efficiencies of plant and better quality feed coming from ore purchases, October could escalate production to 5,030 ounces. Earnings for October possible : PGM's 5,030 x $1,202 = $6,046,060 Chrome 80,000 x $14 = $1,120,000 TOTAL = $7,166,060 FULL YEAR EARNINGS for PGM'S AND CHROME came in at just over £21,000,000, reported in July. This should give a GROUP PROFIT of £15,166,000 or $19,718,833. Funny enough, those full year profits are equal to Q3/20, Q1 F/Y earnings. We will have earnings of around $27,000,000 for these first four months of the new financial year, on top of cash at hand and what is left over from last financial year ending end of June 2020's profit. LOADS OF CASH. LOADS OF SPENDING ALSO, with the cost of moving fine chrome from DCM, building up copper, cobalt and zinc infrastructure at Kabwe with urgent attention to infrastructure further afield at ROAN copper dump. How much cash expenditure has been inflicted, offset by any amount of bank loan, if any, is yet to transpire. Outlay for Elephant is not as urgent because Roan material will be ramping up for a while. I can see us producing , per month, 6,000 pgm ounces and 90,000 tonnes of chrome, at double the current $14 per tonne, in six months time. And we'll have copper in four months time. . .

[timhigginson] 19/10/2020 18:44

The year to 30.6.2020 should be in the band 12.5m to 15m depending if there are any write offs. this would compare with c2.5m before the write back. The increase would therefore be 5 fold. I cannot understand why anyone would regard a x5 increase in the bottom line being anything less than stellar.

[frogkid] 19/10/2020 18:10

There will be approx 4 mill sold and 4 mill bought

[frogkid] 19/10/2020 18:08

No losta, you are wrong on this

[plat hunter] 19/10/2020 17:55

Lol Aces I've made enough here, you can have it...i'm glad you've got your money back and bit extra.I was seriously worried for you at sub 3p,

[1madmarky] 19/10/2020 17:46

Nice to see the continuation of the the upwards trend

[plat hunter] 19/10/2020 17:32

Kenny 100% agree.Though I happen to think they are "Diving into riskier options' as you put it. We've gone into business with a couple of insolvement salesman, introduced by Alex Borelli which came about on the back of the Kabwe disaster.Using pgm proceeds to derisk and a placing with debt for the copper would have been preferred.I don't think people realise how expensive copper is going to be either. We've patiently waited for cash, now it's another 24 months away AGAIN.There's zero projections offered up on the copper project either, why not if they'c, blowing in the wind.

[kennyp52] 19/10/2020 16:53

Plat ... an answer to your concerns ... The company have stated the copper will be paid for from existing and future cashflow - i.e. the company must be generating same which bears out the Bullsters figures . Yes shareholders will not likely see any of that cash in the near terms but it will be going into another valuable investment that will be substantially cash generative when up and running. So although the cash will be utilised it will hopefully be adding significant value. I have no issue with that. It may be the increased cash from that project will buy something else ... the good thing now is that they seem to be able to pick and choose instead of diving in on riskier propositions . If the market is forward looking enough we should see some upward movement on the share price It might want to be patient and wait out until the Elephant , or whatever they are calling it , is actually up and running . But value will eventually come through IMHO. We would have to be on the end of outright lies for this not to be making significant progress in profits and cash. The basket price is very healthy. Leon seems almost at pains to tell shareholders they are making pots of cash but he has to wait for the sign off from the auditors . I am very confident but these are just my opinions . You wanted an accountant's / financial directors view on the company ... there it is mate .

[kryptonsnake] 19/10/2020 16:23

Plat Take a break from Jubilee Your obsession with Jubilee is not healthy Take a break from shares all together because it's not doing your mental health any good Once you stop losing money you will feel better LOLsss