Jubilee Metals Share Discussion Threads

[goingforarun] 09/4/2019 14:26

Where is the £3.9m mentioned? I don’t remember seeing this mentioned before?

[bullster] 09/4/2019 14:11

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I have looked at the Shard Broker Note again concerning the 85/15 split of earnings at Hernic kicking in, in 2022/23.

In my opinion, Jubilee is allowed to bank costs before the split in earnings begin.

Our costs are £16.9m inc 30% to start up and £340 for every pgm ounce produced thereafter.

2017 + 2018: 17,354 pgm onz : £4.3m earnings : £5.4m cost,t,prod.
2019 ......: 27,000 pgm onz : £9.0m earnings : £6.23m cost,t,prod.
2020 ......: 30,000 pgm onz : £10.m earnings : £6.93m cost,t,prod.
2021 ......: 30,000 pgm onz : £10.m earnings : £6.93m cost,t,prod.
2022 ......: 30,000 pgm onz : £10.m earnings : £6.93m cost,t,prod.

Total costs. : £16.9m+£7.8m+£8.9m+£9.9m+£9.9m+£9.9m = £32.4m
Total earngs : £4.3m+£9.0m+£10.m+£10.m+£10.m = £43.3m

As you can see the earnings are met before costs.

This means that the 85/15 split will have to start early 2022.

This is because the basket price has gone up since the broker note.

( To mitigate the disappointment of having to give away such a large share we should look at getting the £3.9m bonus which can pay for fine chrome at Platcro and Hernic.)
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[mikebolle1] 09/4/2019 14:08

Its a good question Boris. I have emailed JM before on the same issue with no response from them. I can only assume that it will have an effect. But, like you say, load shedding is planned and scheduled by Eskom so I will assume that industries (JM) will also plan for it in order to mitigate its impact.

[freedom97] 09/4/2019 14:07

Hopefully, ii's or rich investors will take advantage of those that sold due to the RSI, making the technical traders having to pay more to get back in. We shall see.

Todays pullback is healthy imo as can't expect a straight line up all the time.

[boris cobaka] 09/4/2019 13:57

Hernic recently mentioned about the problems caused by the 'load-shedding'
'The recent load shedding has had a negative impact on production and hence on Hernic's cash liquidity'

jlp also took the trouble to mention it in their interims -
'The Hernic PGM operation continued to deliver strong earnings post the period under review, despite a delayed start-up following the December break and the challenges posed by increased power outages from the South African power grid.'

Eskom have a schedule of load-shedding with outages pre-planned. I experienced it first hand when we stayed in Pretoria toward the end of last year. These schedules can change and unless you have your own generators it can be a problem.
Does anyone know if jlp's other ops can be affected as it would appear from Eskom there's more load-shedding planned.

[mikebolle1] 09/4/2019 13:41

This "pull back" is good for our RSI. It went into the over-bought area too fast and that is a no-go for your technical traders. They need a steady rising RSI and MACD. So, the RSI is back were they need it and will jump in here soon...again

[plat hunter] 09/4/2019 13:32

if whats happening, in the charts is the same as last week, then a leg up tomorrow should break 4.4.

If, If & IF

[plat hunter] 09/4/2019 13:26

Looks like there's support again, 3.95 by end of week

[scrappycat] 09/4/2019 13:10

I think you are right, froggy.

[frogkid] 09/4/2019 12:47

those two large "sells" were clearly buys from a few days ago

[plat hunter] 09/4/2019 12:02

I'm at the gym chopper, is that you I can see forming an orderly queue?

[choppernoel] 09/4/2019 11:45

When Plat Hunter says he's going to the gym he means he's going to the caravan park to "work" and raise finance for future jubilee share purchases. His gym "work" involves sucking roosters

[rescuer] 09/4/2019 11:38

ha ha Plat - you're setting yourself up - if it goes up when you're pumping iron, you'll get a daily paid for passout to the gym from 8am until 4:30pm - Mon to Fri.

added again

r

[ginko3] 09/4/2019 11:34

Don't worry about the gym, just pop to the bog, that should still do the trick

[plat hunter] 09/4/2019 11:25

Off to the gym so, I need to leave the office for an hour, hopefully this will have the same effect on the share price as it did yesterday :-P

[plat hunter] 09/4/2019 11:11

Rolling 31 day performance.

WRES up 0.04 or 11.36% for the 31 day period
JLP up 0.87 or 26.78% for the 31 day period

Prices correct and calculated at the reported BID @ 11:10 on the 09.04.2019 according to the London Stock Exchange and subject to a 15 min delay.

[kryptonsnake] 09/4/2019 11:06

TIMBER! 8% down

Should have been buying WRES yesterday as they are now 8% up

Who dumped a load at 3p then

LOLsss

[sharenotes] 09/4/2019 10:43

Probably all arranged over a nice glass of wine!

[bullster] 09/4/2019 10:40

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The next trade to those 3.00p ones was 3.29p.
Then a late reported one for 500,000 at 3.3p comes in.

go figure.

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[plat hunter] 09/4/2019 10:36

Boris, i think that is more likley.. it can 3-5 business trades for transactions to show on the market ledger. Especially if they are being accumulated by a broker to match two different sides.

The transaction is based clearly on the value here being half a million with each party paying the respective bid and offer and the MM making on the spread. Whilst we did all presume that BMR were out, I can't think of anyone else who sales would be accumulated in an orderly manner.

Full ask still being paid, so a re-rate back above 3.5 is due I think

[sharenotes] 09/4/2019 10:34

I see your thinking; I don’t see this as thousands of trades, however.

[bullster] 09/4/2019 10:32

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Not rarefied when thousands would choose 3.00p as a popular figure/milestone for a stop loss.

If that's what you're getting at, sharenotes.

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[sharenotes] 09/4/2019 10:25

Bullster, when you get to the rarefied level of seven figure (£) plus trades, I would be highly surprised if the stop-loss option even figures in the thinking.

[boris cobaka] 09/4/2019 10:21

Would they be able to offload so soon?

Wondered if it's simply some of the recent positions taken by big investors. The average maybe 3p but the trade could comprise many different prices. Now shown as trade complete. If this is the case then the recent buying strength may take a breather and we could see further profit taking.

[sharenotes] 09/4/2019 10:21

Whoever made the acquisition, 3p must have been seen as good value. Let’s hope that sets the new floor. It is far easier to buy large equity chunks than it is to sell. I see this as a positive.