Jubilee Metals Share Discussion Threads

[kryptonsnake] 09/5/2019 12:16

Mistakes in the financial figures? What other mistakes were made? What a rotten company I'm glad I sold out. Some mugs paid over 3.7 this morning

LOLsss

[mikebolle1] 09/5/2019 11:17

Bullster, I mailed Waltie but he is not available so I mailed Carina in SA.

[mikebolle1] 09/5/2019 11:16

My bet is there will be a video on our website within the next 2 hours, Leon talking...

[bullster] 09/5/2019 11:13

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mikebolle1,

Well done.

What email address did you use ?

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[plat hunter] 09/5/2019 11:06

Just format an excel template.. It's really easy and basic lol (Face Palm)

[mikebolle1] 09/5/2019 11:03

I have mailed them and the responds was very quick:

"Dear Mr. Bolleurs,

Thank you for your email.

We noted that there must have been a typo of 2 i.s.o 5 that by oversight was not detected. The combined total should indeed be ZAR58 847 if the PGM and Chrome amounts are added together.

We sincerely apologise for this and any inconvenience it may have caused. I can confirm that all the other figures in the tables are correct.

Once again please accept our apologies for the inconvenience caused.

Thank you very much

Regards

Carina de Beer"

[plat hunter] 09/5/2019 10:58

In addition to that Bullster.. Waste is a liability, like with most forms of recycling I don't think it's out of the question to expect the waste creators to PAY, just to get it moved.

[plat hunter] 09/5/2019 10:47

Sorry bullster

I disagree, I see it a little bit more nuanced than that..

Individual plants, such as Platcro can very easily become collection hubs, if material is collected from roughly the same area consistently, geology will ensure that the collections will be in part; pari passu. It would be very easy to assume an average grade. Yes what has happened at hernic will happen but across the board that won't be much a of a problem when you have a dozen or so similar hubs, It is at the moment, as all we have is hernic still.

Kabwe is already being hinted at as a collection point from other Zinc minors in the area.

[choppernoel] 09/5/2019 10:46

There is an error with that number 28847. Who checks the RNS's before they go out. How stupid can you be.

[mikebolle1] 09/5/2019 10:36

I think there's a mistake on the quarterlies: The "Jubilee attributable earnings (ZAR’000)" of 28,847 should be 58 847!

[gsg] 09/5/2019 10:29

"financial review on a six monthly period while continuing with a more frequent project update."

Not sure whether this is good or bad but the inference is that any announcements can come out of the blue, at any time. It'll keep all us PI's on our toes. The II's will have a heads up as to what's on the way with each update, but hey, what's new?

Looking forward to regular project news flow.

[freedom97] 09/5/2019 10:15

"Jubilee Metals hails exceptional first quarter":

www.proactiveinvestors.co.uk/companies/news/219956/jubilee-metals-hails-exceptional-first-quarter-219956.html

[freedom97] 09/5/2019 10:12

Jubilee gets mention on Proactive Investors - Investor Update:

www.proactiveinvestors.co.uk/companies/stocktube/13273/bluebird-merchant-outlines-kochang-drill-plans-jubilee-metals-makes-excellent-start-to-2019-13273.html

[goingforarun] 09/5/2019 10:07

I agree they’re in a position where there should be no need for placings and future projects can be funded by debt. Still not convinced this should be holding the share price back? At the moment there is much more positive to come!

[plat hunter] 09/5/2019 10:07

I'm off to gym suckers.. Hopefully the city boys will turn up here in my absence and push on towards 4p

[1madmarky] 09/5/2019 10:00

Bullster- I'm going for £4.0m for q2, but hoping for a bit more.

[plat hunter] 09/5/2019 09:59

GFA, There's still huge capital costs going forward for this company, however it is imo that the market hasn't woken up to how projects will be financed yet.

Riverfort in the background & Vikrant owning 9% is a massive clue imo. No more placings, projects will be funded by Riverfort and the cost of financing will be deducted from project earnings prior to any profit share. The only risk to JLp is the the efficiencies they'll claim to achieve for each project.

I can see Riverfort expanding the current principle upwards of 50 million in due course.

[plat hunter] 09/5/2019 09:55

Re: the below Bullster...

Absolutely, to me there's no mistake about it in the direction we're going. Simply remove all thoughts of engineering and mining to one side then think about how a recycler builds a network for collecting waste. The same thing is happening here.

Everyone bangs on about Kabwe but the real clue is Hernic, DCM and the Platcro acquisition, they're the real meat on the bones of this business. Kabwe as big as it is, is simply gravy but a lot of it. Which is good because us northern boys love gravy.

:-P

Bullster9 May '19 - 09:13 - 11584 of 11591
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PH,

When you mentioned JLP being a central collection point, surely you didn't mean for tailings.

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[goingforarun] 09/5/2019 09:53

Simple maths time. To achieve 4p and based on a PE of 6, earnings will need to be £12.4m a year. Based on March in isolation this is easily achievable. Once PlatCro kicks in later this month we should be moving north of this in terms of earnings? Still not sure why the share price doesn’t reflect this?

[bullster] 09/5/2019 09:52

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Once BMR have spent their JLP shares money,

we'll move in for the kill.

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