Jubilee Metals Share Discussion Threads

[bullster] 28/3/2019 16:30

.
.

mikebolle1,

Dilution is always included in the earnings per share, as it is calculated on the weighed average of shares in issue for the period.

Mike, let me make you ten times more pleased as the eps is 0.06p per share.

Looking forwards, the eps is set to be higher for the full year despite the recent additional 550M or so shares, because earnings will be higher in the second half.


.
.

[goingforarun] 28/3/2019 16:21

Now that we’ve hit a profit hopefully some of the negativity on this Board will fall away.

[mikebolle1] 28/3/2019 15:49

I am very pleased with a EPS of 0.006 pence. Even with the recent dilution we are still positive, about 0.004 pence. For me it is evidence of the responsible manner in which these placings are managed, they create value.

[goldibucks] 28/3/2019 15:24

“Jubilee swings to interim profit and sees more coming”

[deme1] 28/3/2019 15:20

SP will rise when metals improve - did not happen

SP will rise when kabwe is official - did not happen

SP will rise when JLP goes into profit- did not happen.

any other ideas what will make this dog move?
maybe a share buyback LOL

[plat hunter] 28/3/2019 15:04

A low metal price environment will make JLP seem attractive to partners forma cost control POV.

A high metal price environment makes JLP seem attractive because of the multiplied effect of leveraged earnings as a result of low costs.

Either way, JLP looks like a recession proof cyclical business.

[gsg] 28/3/2019 14:17

Been trying to think of potential outcomes to the DCM PGM saga.

Maybe JLP are looking to create a similar partnership to the one they have with Northam, however with a facility more local to Dilokong.

Anglo / ARM's Modikwa Platinum mine is just down the road from Dilokong on the south side of Driekop.

Just thinking out loud.

edit: Implats Marula facilty appears to be the same distance away, to the north.

[plat hunter] 28/3/2019 14:14

I'd take 10p by year end though Frog, that would be a 3 bag for me. All in time to lump in on the majors, for the last phase of the economical cycle.

Then before lumping it all in Gold.

Should be a very exciting 4 years coming up regardless :-P

[frogkid] 28/3/2019 14:06

the drag on the price is Malema spouting off, seemingly without rebuke, and the incessant placings. I am not bothered about the placings where they are value adding but to an outsider you have to wonder where the entry point is. Hopefully tomorrow will see some holdings RNS to give us ba picture where we are. My money is on Glencore and that this has been their chance to build a stake without driving up the share price Time will tell whether they will build a larger position with a view to a you know what!If that happens in 2019 we will be lucky to see 10p.

[sleveen] 28/3/2019 14:06

Q1 2019 figures due mid April may give some impetus.

[boris cobaka] 28/3/2019 13:55

shares - gold now looking at a second attempt to test that 1250.
This has the hallmark of a deliberate takedown - the COT reports showed considerable short exposure by the so called 'smart money'.
On the plus side this should be fairly short lived and a perfect op to top up for the second leg.

[the bull] 28/3/2019 13:44

my wife may well be a widow if this price doesn't rise in the next few years

[plat hunter] 28/3/2019 13:11

Selling shares is a bit like selling TV's or cars. Doesn't matter what kind of bargains you are offering people, if they can't find you then you're not going to sell any.

JLP however are now starting to dress that widow display it would seem.

[the bull] 28/3/2019 13:06

We have been waiting for a maiden profit for a long time, it finally comes and 1% up, a bit underwhelmed but lets hope that brokers note is doing the rounds.

[plat hunter] 28/3/2019 11:47

Defiantly long term hints on the cards for Copper and Zambia sharenotes.. It's interesting that the mentions of copper and cobalt and always in the same breath of Zambia.

For me this is indication of future Glencore deals or strategic partnerships.

[sharenotes] 28/3/2019 11:18

RNS content:

“.... the evaluation of various mine waste opportunities and the development of suitable metal recovery processes to diversify across multiple commodities and in different countries including platinum, chrome, cobalt, copper, zinc, lead, vanadium and gold to hedge income risk and to align with global trends”

JLP have been banging on about cobalt and copper for long enough – a coded message hidden in plain sight perhaps? Hedging income risk – I like the way they are thinking (inversion curves and all).

[freedom97] 28/3/2019 10:31

"Jubilee Metals hails “exceptional results” as it swings to profit in first half":

www.proactiveinvestors.co.uk/companies/news/217396/jubilee-metals-hails-exceptional-results-as-it-swings-to-profit-in-first-half-217396.html

"Jubilee Metals Swings To Interim Profit On Double-Digit Revenue Rise LONDON (Alliance News) - Jubilee Metals Group PLC said on Thursday it swung to a profit in the ...":



"Jubilee Metals Group PLC Profit for the period up 274 %":

[sharenotes] 28/3/2019 10:06

Boris – I agree with the $1360 gold breakout figure. You must be a ‘cup’ advocate and not a mug, eh?

[undertaker] 28/3/2019 09:51

happy for the price to stay low for a couple of weeks so i can make use of my 19/20 Isa allowance on 8-Apr !

[alpal2] 28/3/2019 09:22

Why is the market so unimpressed with the results? I know it's still 'jam tomorrow' but at least they're headed to the supermarket to buy the jam!

[fozdad] 28/3/2019 09:09

A profit is an unexpected bonus, it’s impressive that they managed to keep g & a costs on a pretty even keel despite the overall increase in business activity.

[plat hunter] 28/3/2019 08:50

Chopper given the amount of profit equals just shy of the amount of Platcro chrome earnings. If it wasn't for the dilution to purchase that asset, there would be no profit here at all.

Take the latest batch, MCAP increased by almost a third but share price unmoved over the 12 month period. Resulting profit from said exercises will make today's report look negligible.

Dilution does have a time and place. The problem is when it's used incorrectly for cash flow or for projects that don't come to fruition.

Anyway glad you're happy for now.

[undertaker] 28/3/2019 08:30

@Sleveen - Shard note now in the header

[deme1] 28/3/2019 08:30

"The naysayers and doom mongers seem to have gone back to their flea bitten stinking pits"


how is the share price doing frogspawn?
expect more dillution as reliable as the sun rising!