Jubilee Metals Share Discussion Threads

[nelson01] 12/4/2019 11:40

Yes it should do but that could be a year away yet and the fear for me is that they will do more deals with more dilution. What I would prefer is that we settle these
New projects in over the next 18 months and the we can look for additions but I don’t think Leon will turn down anything that looks lucrative.

[robers98] 12/4/2019 11:34

If we don't get the share price appreciation into q4. It will be interesting if the company keeps to its comment of share buy back. They will be able to take a decent amount back if we are still at current levels.

[bullster] 12/4/2019 11:34

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Here are a few of my thoughts regarding fine chrome.

If JLP can roll fine chrome collection out to the industry, Leons regular business terms will probably be applied. JLP build the plant for say £2m, receiving all earnings until capital is recovered and then a 15% share forever onwards.

Fine chrome commands a better price than lumpy because it is more pure and has a greater surface area which aids a quicker melting time in the furnace thus saving power.

Colin Bird mentioned in one webcast that around 8% of the tailings was recoverable fine chrome. Translating that to what we know at Platcro i.e. an earnings of £900k for January and February combined, you can see that after costs fine chrome could create £23k extra earnings per month.

Not bad, eh ! install four plants to our projects and 50 plants out in the industry, then that's a big earner.

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[goingforarun] 12/4/2019 11:27

Isn’t the cash flow from Kabwe going to materially change things?

[goldibucks] 12/4/2019 11:11

Hi Losta. What do you value JLP at with the current SA assets and Kabwe producing. Shard say 6p. My target price is 5.3p-6.3p. To get to 10p, 20p, 30p, JLP need more deals and critically those deals need to be debt / cash flow financed and non-dilutive. That’s a tall order because processing tailings requires the tailings, the plant, and the working capital to fund not getting paid for 3-6 months. It’s incredibly hard on your cash resources. How do you think they are going to deliver this additional value when their track record to date has shown a total disregard for how many slices they cut the cake into provided the total cake gets bigger? I can see huge potential beyond the Q2 and Q3 SA asset ramp up and Kabwe but I weigh that against a poor track record of maximising the value of each share. Why and how will this leopard change its spots?

[plat hunter] 12/4/2019 10:44

Couldn't agree more Losta, well partly.

Had I anticipated that sharing the benefit of my professional experience was such a problem then I would never have bothered.

Unfortunately his posts have been purposefully antagonistic, pedantic and directed.. Personally I don't view that as valued. In fact, I've struggled to find one single post of Freedom's, which has offered any kind of useful insight. I guess value is in the eyes of the recipient eh?

We may have to agree, to disagree but I think he's a pointless c*nt. There's a few in here.

[fozdad] 12/4/2019 10:34

Agreed MadM (and Losta) the main thing is to show continuing progress and that should happen every quarter for the foreseeable future, just with the projects already on the books
2019 Q1 - introduction of Platcro chrome and DCM fine chrome
2019 Q2 - a full qtr of Platcro chrome and DCM fine chrome, launch of Platcro PGMs
2019 Q3 - introduction of Platcro PGMs
2019 Q4 - a full qtr of Platcro PGMs at full production, introduction of Kabwe Z &V

At various stages of 2020, we’ll have increases in Kabwe products, fine chrome being rolled out and (finally) DCM PGMs, plus who knows what else. It’s a mouth watering mix.....what could possibly go wrong? 😁

[cptborelli] 12/4/2019 10:25

fungus head...

Not mushroom in there.

[fireball xl5] 12/4/2019 10:23

It’s a pity that the House of Parliament doesn’t have a BB that can be viewed only by the public. We might really know what they think of each other even though they don’t know who they are lol

[1madmarky] 12/4/2019 10:23

Foz - anything over £3m and I'll be happy.
Looks like the PlatCro chrome operation purchase was inspired, be very interesting to see how much they can squeeze out of it.

[plat hunter] 12/4/2019 10:16

For the benefit of everyone else and so we change the subject and get on with our lives, brain dead moron is filtered.

If anyone has any genuine questions on how to make the most out of your tax free wrappers, ISA's, trusts, SIPPS SSAS then just drop me a private message.

It's not financial advice just tips on how to instruct your executions, as some have found the hard way over the years, the difference is in the instruction.

[frogkid] 12/4/2019 10:15

Goodness me you naughty little scamps, stop squabbling.

[dmitribollokov] 12/4/2019 10:12

Smoke and mirrors here, always has been...

[freedom97] 12/4/2019 10:03

You do come out with utter rubbish sometimes Plat, your IQ must have been low because you always thought B & I's don't show up.

Todays trades if you had the IQ you would note was valued at £20k = ISA allowance.


"Please be quite whilst, we are still waitig for others to get on board."

Why does B & I's showing up put off pi's buying, just the opposite as Goingforarun pointed out.

Unless you wanted to top up and so wanted pi's to think they were two sells.

[plat hunter] 12/4/2019 10:01

Hey GFA.Your ISA contributions should be running 1 year in arrears to your allocation instructions.Invest in your dealing account first then B&I (correctly) by transferring your losses into your tax free wrapper.That way your you can invest more shares in your ISA than you would have and the loss is crystalised in your trading account to offset other gains which would ordinarily be subject to CGT.Effectively giving you another TAX free wrapper, for free. Obviously only works if you're trading more than 20k a year.And if you transfer your losses to a SIPP not only do you get to offset your gains but then you also get another 20% added to your losses, courtesy of HMRC

[plat hunter] 12/4/2019 09:54

FreedomYou're lowering the average IQ in this forum.. Please be quite whilst, we are still waitig for others to get on board.

[goingforarun] 12/4/2019 09:49

No matter whether all appear I see the B&B ISA movements as very positive because those individuals see the potential capital gain here and want to protect it. Generally it costs more to run an ISA therefore you need to be in for the longer term?

[scrappycat] 12/4/2019 09:46

Personally, despite multi bagging, I would be unlikely to exit at 30p. If they reach this, then they are likely to have done so on the back of a multiplicity of income streams. The opportunities for many more will, in all likelihood, be virtually boundless, and there are many huge mining companies who may get round to deriving an income stream from, and reducing, their waster piles. Not to mention Tjate, of course.

[freedom97] 12/4/2019 09:45

Certainly looks like a B & I Losta, what else could it be? If a B & I then whoever did it either didn't read this thread and so missed Plats advice or their broker wouldn't do as Plat suggested or that their broker told them it would still cost the same.

The problem is if you use a different broker, it means you would have to transfer your holding first to the new broker, which you might be charged by doing so.

[fozdad] 12/4/2019 09:41

Q1 results are going to be interesting. I’m hoping that Hernic & Platcro Chrome combined will produce earnings of £3.5 million (ish) which isn’t far from the GP for the first 6 months. This is dependent on no further power outages in March.

But the real interest will be in DCM fine chrome for March, this will be the first indication of how beneficial the new process is going to be as we roll it out.

[lostabillion] 12/4/2019 09:35

Another bed & isa ?!?

[sleveen] 12/4/2019 09:16

Yup , I'd accept 30p and Foxtrot Oscar.

Unlikely to happen just yet sadly.