Jubilee Metals Share Discussion Threads

[plat hunter] 21/3/2019 11:53

Philby...

That is interesting, I don't think its Miton and Co as the issuance and existing MCAP will probably mean that such a deal is beyond their internal rules of allocation.

Lets not underestimate this, this placing is for a third of a company, how many companies will just go out and swallow a third up in one go?

If it's Glencore then stand by :-P

[dafrog] 21/3/2019 11:50

Colin mention buying back shares. Need to do that now as the money rolls in.

[1madmarky] 21/3/2019 11:48

Shares- it's just a bloody shame that PlatCro PGMS didn't happen back in February. That would have reduced the dilution significantly. But as you say JLP are very much in the game now and the pay back time once up and running will be extremely short like a few months :-)

[plat hunter] 21/3/2019 11:46

Do you mean the usual numbties who invested in BMR, lost the lot and then laugh at dilution instead of saddling projects with years and years of debt that dilute earnings?

Or the usual numbties that went full tilt 10 years ago and have nothing left in the tank to play the game?

[philby1] 21/3/2019 11:46

I wonder who the large institutional funders might be?

[fozdad] 21/3/2019 11:43

Great news and good to see some realistic timescales being declared instead of CB’s dreamland targets.

No doubt there will be the usual moans from the usual numpties who think we can just print money to buy these assets, but the future is now looking significantly less risky. Game on!

[sleveen] 21/3/2019 11:43

Seems a reasonable assumption.

[plat hunter] 21/3/2019 11:40

I would hope that this deal will give us access to Glencore's copper tailing's in the immediate vicinity at some point too.

[choppernoel] 21/3/2019 11:36

And down comes the share price

[call me a cab] 21/3/2019 11:35

kryptonsnake,

You can't read... or add up......or both

[sharenotes] 21/3/2019 11:31

1MadMarky, when you run the slide rule over the potential revenue numbers, I would predict the rise will be more than gradual. JLP are truly a ‘player’ now.

[plat hunter] 21/3/2019 11:31

so all in..

Kabwe is costing circa 20 million from acquisition to production, not bad really. If you can increase your holding by 30% under 2.5 then you're quids in.

those who went full tilt 10 years ago.. Unlucky

[deme1] 21/3/2019 11:30

I did just giggle to myself upon remembering not so long ago that investors were excited when Leon apparently mentioned a possible buyback of shares.

Then BAM half a billion more share issued ! ! ! !

You could not make it up LOL

[kryptonsnake] 21/3/2019 11:30

A loan of 12% interest secured against the Zambian assets

Well done Leon, fine work


LOLsss

[kryptonsnake] 21/3/2019 11:29

LOLsss almost half a billion shares issued and 1.5 billion warrants issued

Will that make over 3 billion shares in total?


I warned you all that the placing would be large

LOLsss

[bullster] 21/3/2019 11:28

PROJECT
METAL
QTY/MONTH
STAKE
PROFIT/MONTH


PLATCRO






PLATCRO
CHROME
6,500 T
100%
£450,000


PLATCRO
PGM
2,800 ONZ
75%
£780,000


HERNIC
PGM
2,500 ONZ
100%
£1,100,000


DCM
PGM
835 ONZ
100%
£380,000


DCM
CHROME/C
8,800 T
50%
£400,000


KABWE
LEAD
1,250 T
87.5%
£1,494,000


KABWE
ZINC
680 T
87.5%
£1,080,000


KABWE
VANDIUM
125 T
87.5%
£2,280,000


Total
-
-
-
-


Living document.

[kryptonsnake] 21/3/2019 11:28

LOLsss almost half a billion shares issued and 1.5 billion warrants issued

Will that make over 3 billion shares in total?


I warned you all that the placing would be large

LOLsss

[1madmarky] 21/3/2019 11:26

The elephant in the room is now known I.e. how much kabwe will cost shareholders. Now it's all down to delivery.
Not aware of any other potential dilution events on the horizon. So hopefully a gradual rise from here.

[robers98] 21/3/2019 11:26

A couple of months for licences to be sorted, then 6 months refurb time. Then we should be in production from the discussion at the agm.

[choppernoel] 21/3/2019 11:25

And Leon F...s the shareholders again. JSE was closed for both RNS's. What an absolute idiot. All Leon has done is guaranteed his salary for a few more years while f.....g the shareholders at the same time. Middle finger to the shareholders.