Jubilee Metals Share Discussion Threads

[sleveen] 05/5/2019 16:16

‘up the sleeve’ moment

ooh matron

[sharenotes] 05/5/2019 16:10

Plats & Bullster

Fair points, Plats. I have made my rationale for being invested here many times before. It is simply predicated upon Leon being in-situ. Besides his technical acumen, I think he has managed Colin well, particularly over the last year or so and therefore he is key on multiple fronts. Colin is somewhat of a loose cannon and I am not sure if a promoted, fresh faced graduate would carry the gravitas to keep Colin in check.

GSG

Depending on the magnitude of the share buy-back, this could potentially be an ‘up the sleeve’ moment. Being in growth mode, however, I can’t see this happening in the medium term; but I do hope you are right!

[plat hunter] 05/5/2019 15:51

I know you don't genuinely believe that Bullster. Only a fool would overlook Leon's contribution here. IMO Mac hasn't achieved the same level of efficiencies as our Leon has. And those fresh faced engineers you talk off, it's way way too early. They may eventually be promoted to heads of Jurisdictions or metals but at this early stage, it's all about Leon.

[choppernoel] 05/5/2019 15:50

"If Leon gets run over by a bus we just poach Mac from Sylvania Platin" BULLSTER. What a stupid thing to say. You can't be that cold, can you?

[bullster] 05/5/2019 13:55

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If Leon gets run over by a bus we just poach Mac from Sylvania Platinum.

Or we could promote one of those fresh faced chemical engineering graduates, that's on our team.

Things have moved on since Leon graduated.

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[gsg] 05/5/2019 13:54

sharenotes. What if they were to start buying back some of those 1,855.30m shares?

During the discussion for the buyback resolution at the agm, Leon indicated that could happen in Q4.

[plat hunter] 05/5/2019 13:47

I would usually share your sentiment sharenotes but there's plenty of evidence of most contributors here going through the whole range of emotions and opinions of the company and that's what sets this board apart from many others.

Lets not forget the risks though.. Leon is clearly a key man here, if he was to get hit by a bus tomorrow then where does that leave the company and shareholders.. Does JLP have key man insurance that would be multiples of earnings... probably not.

Or whats stopping others coming into the game, being a first mover is all great and what but anyone remember Myspace?

[lostabillion] 05/5/2019 13:27

The growth opportunities for JLP are phenomenal.

There are literally billions of tons of tailings sitting at surface around the globe and guess who holds the key to unlocking the value!!!!!

Jubilee is an “Arm Holdings” in the making.

I will review at circa 40p but quite likely continue to hold for further gains as JLP’s growth story unfolds.

Sadly, some here will try and trade the share but imo it just isn’t worth the risk.

Imagine selling at say 8p hoping for a pullback only to see the share price jump to say 12p!

Been there and done that in the past with err Arm Holdings and one or two others.

Jubilee is a keeper/accumulator.

[sharenotes] 05/5/2019 13:25

It always concerns me when the comments are almost all positive. It is the role of most ‘investorsR17; to nearly always miss the boat or, if they do manage to get on it, to chuck themselves over the side at the earliest opportunity. Others will stay on the boat well past its ‘sell-by date,’ admiring the paintwork whilst ignoring the big chunk of ice straight ahead.

The amount of shares now issued (1,855.30m!) will act as a dampener to a meteoric rise in the SP, short term. Even though the ii’s hold quite a chunk now, PI’s still hold plenty. There has to be something of significance beyond the Q1 (2019) figures to ‘light the blue touch paper.’ Let’s hope Leon has something of this nature tucked up his sleeve. From a purely personal interest that would do me just fine, but I am prepared for a more moderate trend. Either way, I am firmly ensconced in my ‘deck chair,’ but if the band gets too exuberant, I will be out of here.

[plat hunter] 05/5/2019 13:22

£150 million EBITDA could take the MCAP to a billion, if they hit that for a few years and with the wind blowing in the right direction. Without any further dilution, that would take us to circa 53p

200 million EBITDA will probably do it though

[gsg] 05/5/2019 13:18

always.

I think we need visibility on their copper cobalt tailing's deals and the details of any tie up with tier 1 miners for managing their global tailing's. If they arrive as promised, and depending on their scale, I might raise my target to 30p.

Thanks for the reply Bullster.

[plat hunter] 05/5/2019 13:03

I had always aimed for 26p but it could go much higher.

This industry isn't used to low capex and quick turnaround projects. The unique offering here is with Riverfort being essentially, a strategic partner. A growing MCAP turns on the taps for more projects, which will in turn contribute more positive earnings and fuel further MCAP growth.

winner winner chicken dinner

[alwaysevolving] 05/5/2019 12:41

Just wondering what folks realistic targets are here for getting out?

[plat hunter] 05/5/2019 12:35

All the way up to a £1 losta?

[lostabillion] 05/5/2019 12:34

Looking forward to JLP’s share price increasing in .25p fractions and then .5p and dare I say it back to 1p increments!

[plat hunter] 05/5/2019 12:33

Fireplace,

I don't think BMR was pie in the sky or lies to be honest. Unfortunately for BMR, IMO...They failed to raise the profile of the company enough to support an MCAP sizable enough to tap for the funding they needed.

Sable is a good example for me.. Given what we know of the deal and the cost of it. To walk away from Sable in favour of a 5tph plant design, showed (retrospectively atleast) that they just didn't have the capability to fund what was really needed for the scale of the project.

The BOD at least should have been honest from that point on. They could have shut up shop and flogged the assets to recover shareholder funds but then that wouldn't have paid their wages for 3 years, or allow them to do deals with kick backs powerful enough to give you Alzheimer's

[bullster] 05/5/2019 12:02

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GSG,

Colin commented on "fine mineral separation" being applied at Kabwe, even giving figures.

Fine mineral separation will be successful when the minerals in your mix have a definitive mass differential, which is possible in a lot of cases.

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[plat hunter] 05/5/2019 11:41

GLR, BZT and any others you can think of. Decent assets and was once viable but the commodity crash since circa 2012 has seen serious CAPEX leave the game and make what was once viable assets none starters without serious assistance.

Some have been slow on the uptake and will soon learn that the name change to "Metals Group" was a for a very significant reason. There's plenty people who on-boarded with lots of Colin's companies, that are going to get shafted but to be fair to Colin, he has made no secret about JLP's position and the strategy. Losing money in this space was avoidable if you read, listened and looked between the lines.

BMR, GLR and BZT and all the other CB companies that are going to get swallowed by JV's or just simply transferring of licences... Holders can not blame anyone but themselves, this has been 3 years in the making.

[robers98] 05/5/2019 11:33

Last yrs presentation for comparison and other info.

[robers98] 05/5/2019 11:23

www.proactiveinvestors.co.uk/companies/news/219575/bezant-resources-switches-attention-to-copper-in-zambia-219575.html

www.proactiveinvestors.co.uk/companies/stocktube/13193/galileo-resources-begins-off-take-talks-with-jubilee-metals-for-star-zinc-ore-13193.html

[gsg] 05/5/2019 10:39

On every presentation Jubilee conclude with this on the final slide -


Growth Drivers

New Copper and Cobalt Waste Recovery Approach




Yet they have not directly enlarged on this. Anyone got any ideas on this new approach?

The presentation by Gareth Owens Jubilee's Business Development Manager states "We are looking at a few copper-cobalt projects in Kitwe".

Leon also repeatedly mentions copper in Chile as a Jubilee aspiration. "we’ve much set our target now on the copper and cobalt side, there’s a massive waste recovery opportunity, not just in Zambia but in Chile through its copper production".

Leon says "The fine chrome plant is targeting the recovery of chrome from the approximate 620 000 tonnes of chrome material contained in the existing DCM tailings. We intend to implement this technology into all our other operations in the near future”.


So it would appear that Jubilee have developed a copper/cobalt process which they are keeping under wraps.

Could anyone extrapolate what the ramifications to Jubilee would be if the fine chrome technology is transferred into the copper cobalt space? Would Jubilee create the first fine copper/cobalt recoveries? If so, would that not open up massive global opportunities in the copper cobalt field?

Am I barking up the wrong tree? All thoughts appreciated.

[billthebank] 05/5/2019 09:23

Leon on great form there!! Hopefully Friday was our inflection point!!!!! TNH would just like to see JLP back up to 5p to WHET my appetite.I feel we may have some momentum building here and may be just maybe someone is building a position?