Jubilee Metals Share Discussion Threads

[plat hunter] 23/3/2019 11:03

Lol...

Told a you it was all priced in... "Our current indicative valuation for Jubilee Metals remains 6p/sh fully-diluted (1,855m shares) factoring in changes to our model on the back of the Sable acquisition which are net neutral on our valuation overall."

On wards and upwards from next year as it doesn't take into account the production from Sable.

30p by Q4 2021 now

[cptborelli] 23/3/2019 10:54

Massive thanks to everyone here. All out and cash in the bank.

Just got to update twitter before I go on holiday. I mean before i put in place plans for the royalty.

[robers98] 23/3/2019 10:45

A further update has been released by Shard, from TOT over on iii.

Shard have now updated their broker note to take on board the two recent news releases and whilst I can’t put the whole thing up on here I thought the board might be interested in the summary below. Strangely no mention of the sulphuric acid though so they seem to have missed a trick there!

Jubilee Metals Group

Kabwe is “on the way”: Sable Zinc acquisition

Jubilee has executed a sale and purchase agreement with Glencore for the acquisition of the Sable Zinc Kabwe refinery in Zambia for a consideration of US$12m. We view the acquisition as a major milestone for Jubilee, putting Kabwe firmly on the road to development and near-term cash flow. The Sable Zinc refinery is located adjacent to JLP’s Kabwe tailings resource and the acquisition provides considerable upfront capex savings along with a vastly shorter time frame to production. The acquisition and re-capitalisation of the plant are fully funded through a $8m secured convertible loan note and £11m equity placing.

► Rationale. Access to the refinery means that Jubilee does not have to construct its own dedicated zinc recovery circuit and other processing infrastructure. JLP estimates that this will bring forward the first saleable product from Kabwe to within a year of taking control of the refinery reducing the build time by 18 months. We note that the $12m acquisition cost comes in at significantly less than our previous assumption of $20m.

► Capital cost savings. JLP estimates overall capital including the acquisition cost to produce first metal is reduced to $24m. We had assumed $20m acquisition and $30m capex in our ballpark estimate.

► Lower risk. Refurbishing an existing refinery is considerably lower risk than building and commissioning a brand-new facility, especially considering Sable Zinc’s location.

► Production plan. JLP expects to initially produce zinc concentrate and vanadium pentoxide before ramping up to produce zinc metal, vanadium pentoxide and a lead concentrate. The project targets to produce annually over 8,000t of zinc, 1,500t of vanadium and 15,000t of lead as it ramps up to full capacity over a 2-year period. The 12-month implementation plan implies that JLP expects to be producing first product by the end of Q1 2020 if everything runs according to plan. Phase 2 will involve the commissioning of the existing EW circuit at Sable Zinc to produce zinc metal and a higher purity lead concentrate.

► Funding. JLP has secured a $8m secured convertible loan note and £11m through an equity placing. This fully funds both the acquisition cost and the capital required to recapitalise the refinery.

► Operational update. It’s all go in South Africa. PlatCro PGMs is gearing up to commence PGM recovery during May 2019 whilst the recently acquired PlatCro chrome operation is already producing earnings ahead of projections. The DCM fine chrome plant reached commercial production this month and JLP will look at rolling this capability out to other operations. Despite a delayed start to 2019 production, Hernic still delivered strong earnings for the 1st two months of the year and is expected to return to previous levels from March.

► Valuation. Our current indicative valuation for Jubilee Metals remains 6p/sh fully-diluted (1,855m shares) factoring in changes to our model on the back of the Sable acquisition which are net neutral on our valuation overall. We continue to see an exciting couple of years ahead as JLP ramps up production at multiple operations in South Africa whilst pressing ahead with a game-changing near-term production long-life asset in Zambia. The acquisition helps JLP realise its strategy of adding base metals and vanadium to the production profile and expanding into Zambia and reducing overall exposure to South Africa.

The acquisition reinforces the key benefits of Jubilee’s strategy of focusing on tailings projects. These typically have very low capital intensity, shorter development lead times and offer no exposure to primary mining risk. Kabwe is a prime example of this model and once in production has the potential to catapult Jubilee to another level in terms of production and earnings. JLP is cementing its position as a partner of choice in the tailings retreatment sector.

[kryptonsnake] 23/3/2019 09:21

it says the Kabwe project will cost £18.32 million to reach first metal production

They raised £11.07 million before expenses with the placing and £6.11 million through a convertible loan note

After fees from the placing they would have about £10 million so £16.11 million total for the project

It means they are already over £2 million short on the overall project spend and this will only get worse if costs spiral out of control

Leon just sold you another Lemon

LOLsss

[kryptonsnake] 23/3/2019 09:15

On the contrary Bullster. A big thanks to Jubilee for diluting its shareholders down the drain so they can build a plant to create revenue for BMR shareholders

You're being very optimistic with your £60 million profit though, it's not like you to wildly exaggerate is it?

Thanks again

LOLsss

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Bullster21 Mar '19 - 12:51 - 9650 of 9733
A big thanks to kryptonsnake and the BMR crew for handing over £60 million profit per year to us, for not much at all.

Again, thanks.

[kryptonsnake] 23/3/2019 09:11

Where is Losta? Is he about to dock his boat at some random African port any minute now so he can buy 100k and call it a once in a life time top up opportunity

He boasted about owning 1%. Not anymore

LOLsss

[kryptonsnake] 23/3/2019 09:11

Where is Losta? Is he about to dock his boat at some random African port any minute now so he can buy 100k and call it a once in a life time top up opportunity

He boasted about owning 1%. Not anymore

LOLsss

[kryptonsnake] 23/3/2019 09:10

Where is Losta? Is he about to dock his boat at some random African port any minute now so he can buy 100k and call it a once in a life time top up opportunity

He boasted about owning 1%. Not anymore

LOLsss

[plat hunter] 23/3/2019 08:59

Aces, you claimed you dumped half your fantasy holdings after attacking and abusing me for doing so a while back.Hypocrites don't have moral soap boxes, i'm afraid you have no credibility on this subject anymore.

[aceshi] 23/3/2019 06:26

Losta is a fake account. He has repeatedly been caught out spewing BS. Latest was claiming to be sailing of N Africa but talking about Mozambique. A few days after I questioned him about sailing in Mozams, in they hurricane season, which no sane sailer would be doing, they were hit by Adai. So no more Losta and he's yacht. Then he is suddenly in Zanzibar, windsurfing and kite surfing LoL Definitely a con account, there are plenty. Easy to identify, they only ever talk up JLP, no objective rationale even when it is staring them in the face.

[plat hunter] 22/3/2019 18:11

17 was the buy side yesterday you goon.

Do you even know how off book transactions work?

[plat hunter] 22/3/2019 18:08

Here's a picture of Mike (Walter) Surtee's boat.

[kryptonsnake] 22/3/2019 18:03

This placing has brought all the freaks out


LOLsss

[plat hunter] 22/3/2019 17:54

True Marky but that's from an eps point of view. In the absence of dividends they simply rank pari passu and look priced into me. A 10 bag will still be a 10 bag.There' been a lot of comparisons with BMN specifically from the troll camp but they only funded their V project with a 1 for 1 dilution.Kabwe has essentially been 40% cheaper for the shareholders for very similar returns.All aboard.

[mikesurtees] 22/3/2019 17:51

Plat my son.....how are you doing ? I see Mr. Bird is up to his old tricks.......[ Dilution ]. When will you learn honey ?
Your still hear telling your lies misguiding the poor JM investors.....You should have listened to me and sold your holdings
at a loss......now you have even bigger losses......its nice to see you have faith in Bird but I can see past the deceit and
lies.....Got to go now honey....I have freinds on the boat and we are partying
hard after taking some recant profits. Regards......DYOR

[kryptonsnake] 22/3/2019 17:27

Looks like you're on the right thread then nelson


LOLsss


nelson0122 Mar '19 - 09:21 - 26107 of 26120
0 3 0
Your on the wrong thread....this is the idiots thread

[kryptonsnake] 22/3/2019 17:26

17 million trade yesterday and now a 8 million trade. Must be the placing shares getting flipped

[deme1] 22/3/2019 16:35

down again

#standard
#shareholder-value
#lemons

[freedom97] 22/3/2019 16:30

boris, sorry to hear the problems you & your family are going through, hopefully life will improve for you & your family when you move to new location. I feel sorry for all those that lost their lives in Moz., and the problems people are going thru now. Best regards to you and your family.

[boris cobaka] 22/3/2019 16:14

F17 - things have gone from bad to worse in Zim. Fuel queues almost everywhere, the local currency now hugely devalued. The cyclone hit the east of Zim and Mozambique the hardest. Chimanimani I believe is an important diamond mining area so the income from this will be missed if ops are severely affected.

We're due to leave here in a couple of months or so and will see family and friends back in the US before moving to somewhere else.

Enjoyed our years in Zim but sadly it's hard to see any easy way out - our gardener and his family we're badly beaten during the Jan unrest.
ZPF are basically an organized crime syndicate - it's nearing the point though that the money spigot has finally run dry. China's invested quite a bit but not sure how much more they're prepared to stump up.

[choppernoel] 22/3/2019 16:13

Leon says 2019 will be the year he delivers for jubilee shareholders. Deliver what? More dilution. More what? I have been a long term shareholder and all you have delivered to me was dilution and bulls..t. You seem to have no fuc...g idea what you doing. You could have financially structured that deal much more in favour of the shareholders. But You said, fu.. the shareholder.

[freedom97] 22/3/2019 16:07

For those that missed Leons interview on Proactive yesterday: