Jubilee Metals Share Discussion Threads

[guman] 08/5/2019 14:50

they can have my 700k shares for 7p any time.

[goingforarun] 08/5/2019 14:42

Bookworm, like the thinking. I would just like the share price to move up(by along way) otherwise the takeover risk is massive at a really low valuation! Plenty of people will hand over at sub 10p!

[plat hunter] 08/5/2019 14:23

That's the remarkable story here.. 3 years ago all we had really was a half shot at Hernic and Tjate.

Now no one gives tjate a second thought and Hernic is paling into shadows of what's about to come on line.

mahoosive!!

[bookwormrobert] 08/5/2019 14:17

My take is that people are still thinking of Jubilee as if it were a mining company, which (the legacy asset of Tjate aside) it really isn't anymore.
I think of Jubilee as a technology company, whose IP can be used to extract value from tailings that the mining industry has previously regarded as worthless - over and over again. It's a low capital low labour fast payback high return scaleable business model; the very opposite of the slow, laborious, dangerous, and capital intensive business model of mining.
I half expect Jubilee to get taken out by a major miner in the next year or so, and turned into the waste management division of their operations, with Leon running it. If not, then, yes, FTSE 250 and eventually FTSE 100 here we come. It's not like there aren't enough tailings from old mines out there! As Leon said in his last presentation, in some countries there is more metal left in surface tailings than there is still to be mined from below ground.
That's some business opportunity when you control the IP to extract them!

[plat hunter] 08/5/2019 13:21

Exactly Bullster..

I think that's the crucial point alot of people have missed, when looking at JLP. Take the build finance and profit share at Hernic for example.. Pays for itself then you're left with a perpetual income stream.

[bullster] 08/5/2019 13:16

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If Leon goes to all the chrome mines and says "Jubilee will build you a fine chrome plant, you pay for it, and we take 15-20% of revenue", look at that potential, who could say "no" to that.

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[wolf_in_the_bath] 08/5/2019 12:52

SUB 1p could happen then ?

[wolf_in_the_bath] 08/5/2019 12:52

Listen you C0CK WOMBLE ! Wash your mouth out and show Mr Wolf some respect you rancid CVNT

[bullster] 08/5/2019 12:44

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DCM chrome figures have always been difficult to extrapolate because the cost of new and refurbished plant and machinery has been deducted from the earnings figure, without a breakdown.

These costs have been going on ever since the start of the project, and now to include fine chrome plant, so now the costs should be at an end.

I have looked through the history of the figures to find a period with the best earnings, this gives me a chance to find a period with the least deduction cost for plant machinery and refurbishment. This has resulted in me coming up with a revenue to earnings ratio of 40% (minimum but could be higher).

So, we still have some lumpy to remove from the tailings so let's use Q4/18 figure of 8,958 tonnes for £534,000 revenue.
Then add a quarterly fine chrome target of 24,000 tonnes.

8,958t + 24,000t = 32,958t
revenue = £1,964,676
earnings = £785,870 at 40%

JLP 50% = £392,935 earnings per quarter.


Two things to note:-
1, Chrome revenue halved since the beginning of 2018.
2, Lumpy concentrate is almost fully removed now from the dump, only fresh tailings from the mine will contain it.

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[kryptonsnake] 08/5/2019 12:34

people said I was mad for suggesting 3p wouldn't hold last year

the share price almost touched 2p. Expect further falls


LOLsss

[kryptonsnake] 08/5/2019 12:30

instis rarely buy shares on the market. They buy into placings

[gsg] 08/5/2019 11:45

Yes, very occasionally it is possible to get an inkling from the trading patterns and mm price behaviour as to when a buy order maybe being filled. Agreed it looks to be happening at the moment.

[plat hunter] 08/5/2019 11:26

Given the trade activity of the last few days.. I suspect that the Q's are being held back as an Insti' is building or adding. I suspect we'll get a TR1 shortly after or immediately prior to the Q release.

[plat hunter] 08/5/2019 11:23

Wolf doesn't buy or short.. He's just a sad troll account that cuts and pastes the same posts from BB to BB.

[billthebank] 08/5/2019 11:01

Bleedin Nora Pete where have you been???

[billthebank] 08/5/2019 11:00

CB isn't running this show any more IMO He is Just a bit player.Leon is in control Wolf Read Shares research note for starters.This will not go to sub 3p so if you have shorted this!with that belief you are going to lose money All imo ceterus paribus

[wolf_in_the_bath] 08/5/2019 10:48

Can't stop laughing at the mugs on the LSE board ! Friday there was talk of 5p upwards after that RNS ! Look at it now back in the gutters soon SUB 3p ! NO ONE TRUSTS THE BIRD ANYMORE ! Anything he's involved with is DOG SH1T

[aceshi] 08/5/2019 10:25

Now there's a blast from the pastWelcome back Pete Just in time for more JLP pain and suffering