Jubilee Metals Share Discussion Threads

[boris cobaka] 22/3/2019 04:47

Hi Shares

gold is still due to complete an intermediate cycle low.
That being the case there's still a chance it'll drop to $1250 before it's over. Shouldn't take to long though - a few more weeks all being well.

[fireball xl5] 22/3/2019 00:49

Exactly Plat, Build Cost, there is little build cost when a Plant is purchased. Kabwe Processing May lease it from JLP. The agreement no doubt has words. Why now suggest that Capital spend is significantly reduced when it exceeds a condition in the agreement that triggers a reduction in royalties. We haven’t seen the agreement so it would be conjecture and we don’t know what the capex targets or costings for the plant were. All will become clear at some point. BMR certainly didn’t see an immediate increase in value, unless they were a forced seller in order to exercise another more lucrative transaction.

I’m still wondering why such tonnage results in far lower yeilds. Have they an under the counter route to market? Is that a Zambian caveat.

[plat hunter] 21/3/2019 21:27

BMR's interest drops to 11% on account of the build costing more than 15 million, that is the only thing that effects BMR in my view

[fireball xl5] 21/3/2019 20:41

Not sure what the agreement will be now with BMR. JLP have purchased a valued asset which is presumably theirs rather than Kabwe Processing. Glencore paid $32m some years ago, 4 or 5 possibly more. I’m not sure what the deal will look like now. What exactly will Kabwe Processing own and how will it be structured. That is something we wait for. It would be ironic if Jubilee ends up with the plant and the license but no access.

[robers98] 21/3/2019 20:27

1mm, was raised that the v circuit could quite easily brought into play. Was even a possible option to due a JV for that element, but no mention in the RNS so looks like it's all ours (apart from the royalty).

[robers98] 21/3/2019 20:13

Don't often look over on iii, but below is a bit more info from the snippet of the recent broker note.

Hope you don't mind ToT,at least we all know what the broker note was for now.

When you have a copy of it available send me over a copy please.

Market Discussions
Jubilee Metals Group
(lse:jlp)

the_old_trout
5h
Hi dk, it was my alter ego who posted that on Advfn. I received the note as a client of Shard Capital and will try to add some more flavour when my laptop is back from repair. Have to say that the deal with Glencore is a game changer though and the market will start to price in the massive increase in production that will come from Kabwe as we get closer to the refinery becoming operational.

In the meantime production continues to ramp up from current operations and that should become more apparent in next month’s quarterlies, just as Platinum is retesting six month highs and looking poised to make that breakout from the seven year downtrend.

Am advised that the two main II’s who participated in the placing are there for the longer term gains which are clearly coming into sight now, as am I.

More soon hopefully,

[dmitribollokov] 21/3/2019 19:48

Hahaha, you couldn’t make it up.

Think of the lovely fees earned on that £11m. Bird and LC continue to play the mug punters like a fiddle...

Those shares will be drilling the market for quite some time!

[kryptonsnake] 21/3/2019 19:34

"we've just been diluted by 0.30 times to make 10 times current earnings."

So what are the current earnings? Nobody knows

Kabwe will be loss making for the first year and will take 1 year to produce anything

So you're happy to wait 2 years until it makes something just for Leon to fire the confetti cannon a couple more times in between? What about all the debt? Any profits from Jubilees existing projects will be used to pay that off

There will be no net profit here for a long time

[choppernoel] 21/3/2019 18:49

Plat Hunter enjoys placings. He enjoys placing himself between 2 cracks at the caravan park.

[plat hunter] 21/3/2019 18:30

"tjate will be the next stop at dillution central"Hopefully demi, we've just been diluted by 0.30 times to make 10 times current earnings.I got money all day long for placings like that.

[gsg] 21/3/2019 17:36

eblitz

Its off topic from JLP, and there's no panic. Try when you get back to the UK.

If you look close to the top of the advfn page, there is a small yellow box with an envelope graphic. Click on that button and it will open up the private messaging.

[1madmarky] 21/3/2019 17:33

They have already been running a pilot V recovery plant. They just need to move it and integrate it into the sabel plant.

[eblitz1] 21/3/2019 17:28

Hi gag
No I can,t work it out but wanted to have a chat with you and I don,t really want to put my email address on this board
I’m in the USA at the moment but any help in finding a way to talk would be good

[gsg] 21/3/2019 17:17

eblitz. Have you worked out how to use the advfn private messaging yet?

[choppernoel] 21/3/2019 16:54

is the $50 million dollar facility another smoke and mirror?

[gsg] 21/3/2019 16:44

The zinc price chart looks primed to go higher. Also LME zinc stocks are down from 85,000 tonnes five years ago to 5,8325 currently.

Seems like a good time to become a zinc producer.

[deme1] 21/3/2019 16:41

tjate will be the next stop at dillution central

[plat hunter] 21/3/2019 16:31

So is the dilution priced in now, have we just cleared out BMR, and fully financed Kabwe with no real detriment to the SP?

[adejuk] 21/3/2019 16:27

not leon
colin 'the diluter' guano.

[gsg] 21/3/2019 16:25

Quote from Leon's interview today.

"We don't have a single mine attached to our company YET."

Sounds like a mining facility is on the way?