Jubilee Metals Share Discussion Threads

[frogkid] 04/4/2019 13:37

so should be round 8p share price then based on that

[nelson01] 04/4/2019 13:24

So for a full quarter of hernic and platcro pgms should be about 14000 ounces x 400 usd profit =5.6 million +1.5 million from platcro chrome=7.1 million profit per quarter without Dcm or Kabwe

[lostabillion] 04/4/2019 13:13

Bullster, can you cast your eyes over this and perhaps compare to JLP?!?

Bushveld Minerals Limited (LON:BMN) Earns Among The Best Returns In Its Industry
Today we'll evaluate Bushveld Minerals Limited (LON:BMN) to determine whether it could have potential as an investment idea. In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business.
First of all, we'll work out how to calculate ROCE. Second, we'll look at its ROCE compared to similar companies. Last but not least, we'll look at what impact its current liabilities have on its ROCE.
Return On Capital Employed (ROCE): What is it?
ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. All else being equal, a better business will have a higher ROCE. Ultimately, it is a useful but imperfect metric. Renowned investment researcher Michael Mauboussin has suggested that a high ROCE can indicate that 'one dollar invested in the company generates value of more than one dollar'.
So, How Do We Calculate ROCE?
Analysts use this formula to calculate return on capital employed:
Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)
Or for Bushveld Minerals:
0.23 = -UK£2.7m ÷ (UK£145m - UK£18m) (Based on the trailing twelve months to June 2018.)
Therefore, Bushveld Minerals has an ROCE of 23%.
See our latest analysis for Bushveld Minerals
Is Bushveld Minerals's ROCE Good?
When making comparisons between similar businesses, investors may find ROCE useful. Using our data, we find that Bushveld Minerals's ROCE is meaningfully better than the 14% average in the Metals and Mining industry. We consider this a positive sign, because it suggests it uses capital more efficiently than similar companies. Regardless of the industry comparison, in absolute terms, Bushveld Minerals's ROCE currently appears to be excellent.
Bushveld Minerals reported an ROCE of 23% -- better than 3 years ago, when the company didn't make a profit. This makes us wonder if the company is improving.
Remember that this metric is backwards looking - it shows what has happened in the past, and does not accurately predict the future. ROCE can be misleading for companies in cyclical industries, with returns looking impressive during the boom times, but very weak during the busts. This is because ROCE only looks at one year, instead of considering returns across a whole cycle. Given the industry it operates in, Bushveld Minerals could be considered cyclical. What happens in the future is pretty important for investors, so we have prepared a free report on analyst forecasts for Bushveld Minerals.
What Are Current Liabilities, And How Do They Affect Bushveld Minerals's ROCE?
Current liabilities include invoices, such as supplier payments, short-term debt, or a tax bill, that need to be paid within 12 months. Due to the way ROCE is calculated, a high level of current liabilities makes a company look as though it has less capital employed, and thus can (sometimes unfairly) boost the ROCE. To counteract this, we check if a company has high current liabilities, relative to its total assets.
Bushveld Minerals has total liabilities of UK£18m and total assets of UK£145m. Therefore its current liabilities are equivalent to approximately 12% of its total assets. A minimal amount of current liabilities limits the impact on ROCE.
What We Can Learn From Bushveld Minerals's ROCE
This is good to see, and with such a high ROCE, Bushveld Minerals may be worth a closer look. Of course, you might find a fantastic investment by looking at a few good candidates. So take a peek at this free list of companies with modest (or no) debt, trading on a P/E below 20.
I will like Bushveld Minerals better if I see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.
To help readers see past the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price-sensitive company announcements.
;
The author is an independent contributor and at the time of publication had no position in the stocks mentioned. For errors that warrant correction please contact the editor at [e-mail].

[deme1] 04/4/2019 12:56

Well now we know who was responsible for the recent volume with Quantock increasing their stake from 3.23 to 7.8%, noting that the date at which the threshold was crossed is today. It is very re-assuring to have both them and Miton on board as neither is likely to be a seller in the short to medium term and along with the two family trusts that took part in the placing that reduces the free float here considerably.

We can also safely assume that the downward pressure from the BMR sales has now ended. Ergo, after the PI profit taking which kicked in today when the stock hit technical resistance has finished the share price should resume it’s upward momentum in the run up to the quarterlies and hopefully well beyond imo.

Good luck all - except Nelson

[bullster] 04/4/2019 12:54

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Basket $1,100
Lonmin $0,400
Jublee $0,700 - $0,400 cost/t/p

Jubilee profit $0,300 per ounce



Basket $1,300
Lonmin $0,400
Jublee $0,900 - $0,400 cost/t/p

Jubilee profit $0,500 per ounce




A higher basket price leverages your profit against costs.

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[frogkid] 04/4/2019 12:39

that is the beauty of being into miners and processors in an upturn, you collect all the extra to your bottom line. Much better leverage that owning the physical , although I do have that also!

[deme1] 04/4/2019 12:33

How rude Nelson!

are you plats other account

[plat hunter] 04/4/2019 12:31

Double bottom on 2.70 today

[bullster] 04/4/2019 12:25

.
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Our cost to produce one ounce of pgm is under $400

If you sell your pgm's one month and get $300 profit per ounce, then you get an extra $150 per ounce the following month, then yes, if your cost to produce hasn't changed.

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[deme1] 04/4/2019 12:21

10 bagger,

if Colin opens his mouth then 1p

[goingforarun] 04/4/2019 12:12

Is this assuming we take all the upside?

[kryptonsnake] 04/4/2019 12:12

7p in 3 years

[nelson01] 04/4/2019 12:11

Lol....you couldn’t make it up...when krypton starts ramping its time to sell.

[deme1] 04/4/2019 12:06

Krypton

this will 10 bag in the next 18 months

[kryptonsnake] 04/4/2019 12:04

Volume has dried up. Profit taking time which means the share price is going back down

[bullster] 04/4/2019 11:57

.
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If we only produce 2,000 pgm ounces in March

we will make approximately $300,000 more compared to Q4/18 equivalent, due to the higher basket price.

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[plat hunter] 04/4/2019 11:55

Guess who's just spent 2,900.#nobhead

[sharenotes] 04/4/2019 11:50

Deme1 – that’s a good post; is it your own work?

[boris cobaka] 04/4/2019 11:13

And plat just hit the highest since June last year.

[boris cobaka] 04/4/2019 11:11

The actual volume for today is very low so far. It's possible the buying pressure will relent and we'll see a step back - the question is how far and if it's fairly shallow then it could well be an indication the buying hasn't finished just yet.
Even though mid dropped back you can sell for more than you could an hour ago.

[lostabillion] 04/4/2019 11:06

Spoke too soon!

[goingforarun] 04/4/2019 11:04

Losta, are you sure? share price is heading in the opposite direction?

[boris cobaka] 04/4/2019 10:55

another 800k put through from yesterday.