Jubilee Metals Share Discussion Threads

[goingforarun] 10/4/2019 07:40

Just need the quarterlies to continue momentum?

[ginko3] 09/4/2019 19:10

Have a monitor on the page checking for changes, it looked like the holders were the same but that the numbers of shares had changed

[kryptonsnake] 09/4/2019 18:16

He needs to suck a lot of roosters for his £500 top up

LOLsss

[boris cobaka] 09/4/2019 18:03

Billthebank
9 Apr '19 - 16:22 - 10530 of 10535
Interesting Now 48% tightly held!!!


'kin remainers…..

[freedom97] 09/4/2019 16:32

Nice 950k buy went thru @16:21 paid 3.326 that's what caused the bid to tick up, good that it mopped up those technical trader sells. ;o)

[fireball xl5] 09/4/2019 16:31

That must be one of yours Krypton, 1 for 10, how true that rings.

[sharenotes] 09/4/2019 16:28

Bullster,

I thought so. I have taken my eye off JLP as I now consider it over the ‘probability hill,’ and returned my attention to currencies, particularly the £. May, of course, will be the primary motive force in the pound’s movement, near term. There is money to be made in buffoonery.

[freedom97] 09/4/2019 16:25

Looks the same to me Ginko still states, "As at 29 March 2019"

[billthebank] 09/4/2019 16:22

Interesting Now 48% tightly held!!!

[bullster] 09/4/2019 16:16

.
.

Am i on it ?

.
.

[ginko3] 09/4/2019 16:13

Another update of the major shareholders page on JBL website

[bullster] 09/4/2019 16:01

.
.

Every race day is penciled in, sharenotes. ;-)

.
.

[sharenotes] 09/4/2019 15:39

Bullster,

I hear there is a new adage – ‘Sell because of May and go away, and come on back on St. Leger's Day.” I guess you already have September pencilled in your diary?

[sleveen] 09/4/2019 15:15

a patient patient with patience patently.

[adejuk] 09/4/2019 14:54

there is only 'one direction' now
and it doesn't have the name 'harry styles'
upsy, downsy, flatsy.
be patient or see me in harley st.

[plat hunter] 09/4/2019 14:54

support at 3.10 not a bad level for a short breather

[1madmarky] 09/4/2019 14:41

Wonder if I could "adjust " some of my purchases down a bit. 😁

[bullster] 09/4/2019 14:37

.
.

They've adjusted the big 3.0p 31m trade, downwards.

just guessing.

.
.

[adejuk] 09/4/2019 14:32

BREAKING SPECULATION !

[bullster] 09/4/2019 14:28

.
.

Jubilee has a profit share model with a profit distribution of 85% Hernic and 15%
Jubilee. However, this only commences after capex is paid back and Jubilee reaches
a 30% return on capital.

i.e. the bonus.

.
.

[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

.
.

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.)
.
.