Jubilee Metals Share Discussion Threads

[bullster] 18/3/2019 13:54

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PH,

Thanks,I too struggle to find chrome prices especially when i try to cross reference them with revenues in the table we are given.

Would you say that the target for production is 75,000 tonnes per quarter ?

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[kryptonsnake] 18/3/2019 13:53

Is Leon still doing Kabwe or has he decided to ditch and go with the soft rumour?

Spend £500k buying Jubilee shares back from BMR and cancel them?

Leon must be confident that having £500k less cash in the bank and 1% less shares in issue will fix the current downtrend. Top Boss


LOLsss

[kryptonsnake] 18/3/2019 13:48

Is Bullster paid by Leon or is he just overly optimistic about Jubilee?


Here's one of his posts from July which highlights the kind of optimism I'm talking about. A share price of 6p by end of 2018

LOLsss

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Bullster - 23 Jul 2018 - 17:13:00 - 2378 of 9422

Q2/18 update showed our Hernic operation had a stand alone £1.6 million net profit.

This is the first and only time i know of that Jubilee has made a meaningful net profit from one of its operations, ever. And has further to rise as this was 1,700 pgm ounces short of the quarterly target.

DCM/chrome made a small quarterly profit and that was because the profit was taken out the figures and used for buying new machinery and the introduction of that machinery had a further knock on effect to reduce production. But a profit is a profit and when it's back on track, next quarter or the one after coupled with DCM/pgm which comes on line in 2019 we will have another Hernic on our hands, £1.6 million per quarter, minimum.

If new investors see the potential and rush in early the share price could be at 6p before year end and definately when DCM/pgm and Kabwe/zinc in early 2019 are online.

A 35% rise in platinum doubles Jubilees net profit from pgm ops and makes Tjate more attractive, so look out for that bringing predictions forward.

[plat hunter] 18/3/2019 13:16

Chrome concentrate prices are hard to pin down on the web, well for me at least anyway.

That said, whilst there has been a significant correction in chrome recently which would have impacted the earnings from DCM, 42% is back at levels not seen since last may.

It looks as if the reduction in production owing to the build at least might have benefited from some fortuitous timing, if not completely coincidental. Q2-Q3 2019 numbers from DCM could be as much as 20-25% higher just from the increase in price recently.

[goldibucks] 18/3/2019 13:12

Chop I hope you’re not taking a lunch break today. Your non-stop moaning has turbo charged the offer price today. Keep it up fella.

[nelson01] 18/3/2019 13:05

Whilst mdalos will be investing in the latest chocolate teapot factory.

[nelson01] 18/3/2019 13:04

Very soon all the smart money will be looking to invest in the platinum/palladium space and Jlp will be the recipient of some of those funds. They don’t even have to
Produce any more with added profit coming from the growing basket price.

[nelson01] 18/3/2019 12:59

Plat and palladium still going up....another bumper month for Jlp.

[nelson01] 18/3/2019 12:54

Lol....mdalos comes here and slags Jlp off when his own investment has fallen from
10p to just over 1p in six months. Why would anyone listen to him. The next thing you will hear is krypton was their biggest shareholder....lol

Everyone has deme on filter....the thick idiot deramps his own investment...lol

[bullster] 18/3/2019 12:50

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Fine chrome was RNS'd over one month ago.



#The construction of the DCM fine chrome recovery plant has been completed with commissioning commencing during Q4 2018. The commissioning has advanced successfully with the first chrome concentrate being produced to target grades from January 2019. This new fine chrome recovery plant is a significant milestone for Jubilee to demonstrate the recoverability of fine chrome at targeted concentrate grades.

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[choppernoel] 18/3/2019 12:47

not a goldfish. why?

[deme1] 18/3/2019 12:41

18 Mar '19 - 12:26 - 25891 of 25895
0 0 0

"Nobody going to mention the share price is up".

It is not

the spread has just been increased!

[sleveen] 18/3/2019 12:41

mdalos1


why have you deleted the 101 pages of posts going back to May 2018?

[choppernoel] 18/3/2019 12:39

basket price: $1347

[eblitz1] 18/3/2019 12:37

Chopper
Are you a goldfish!!

[choppernoel] 18/3/2019 12:33

fine chrome going for 2.5 months. NO NEWS. Leon u truly are an absolute FOOL. Your silence is sending the wrong message. How stupid must you be to not see that. AND YOU ARE THE LEADER OF THE COMPANY. Wake up and stop losing shareholders moneys

[choppernoel] 18/3/2019 12:28

platinum up, palladium new high, gold up, rhodium 3150. Jubilee share price NOTHING.

[nelson01] 18/3/2019 12:26

Nobody going to mention the share price is up.

[bullster] 18/3/2019 12:09

I would appreciate this being debunked so that i can get an estimated production figure and a price for chrome concentrate.
Q2 9,461t £1,066,000 : revenue £112.67 /t
Q3 8,053t £592,000 : revenue £73.51 /t
Q4 8,958t £534,000 : revenue £59.61 /t
Targeted plant capacity of 25,000 tonnes per month, 75,000 tonnes per quarter ? Fine chrome production estimated at 8,000 tonnes per month, 24,000 tonnes per quarter.
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Excerpt from RNS: Quarterly Operations Update Q4 2018 17 January 2019
During this period production rates at DCM were reduced to facilitate the integration of the new fine chrome recovery plant. It is expected that production rates will be ramped-up to the targeted plant capacity of 25 000 tonnes per month, in the near future.







Chromite concentrate produced
Tonnes


Project revenue (GBP'000)1


Project revenue (ZAR'000)


Project earnings2 (GBP'000)


Project earnings (ZAR'000)


Jubilee attributable earnings (GBP'000)


Jubilee attributable earnings (ZAR'000)




Total Q2 2018


9 461


1,066


18,297


74


1,264


37


632




Total Q3 2018


8 053


592


10,824


(288)


(5,278)


(144)


(2,639)




Total Q4 2018


8 958


534


9,840


(247)


(4,532)


(123)


(2,266)




Project to date3


156 931


16,367


284,052


7,325


125,859


2,550


44,288




1 = Average monthly conversion rates used 2 = Project earnings include project expenditure on plant and equipment 3= Since April 2017

[choppernoel] 18/3/2019 11:52

nelson01 is taking a break from living inside Leons chocolate starfish. I'm sure things look better inside there, then with jubilees share price