Jubilee Metals Share Discussion Threads

[frogkid] 13/5/2019 08:35

What is the point if this ? Useful in the event of hostile TO but we are not yet in that situation. I would prefer management got in with earning money than answering to action group. I would like to see a decent FD appointed though

[plat hunter] 13/5/2019 08:35

It also keeps everyone's monikers separate from the process too. Even Krypton could join with his regular Junior ISA contributions and he'd still be able to cut around on the BB's like a major cheese.

[plat hunter] 13/5/2019 08:31

Hold your horses guys.. we can't do it on here, we need full names and evidence if we're to do it.

Most transparent and efficient way is to create a website that people join by uploading their evidence of holdings, such as an up to date portfolio valuation. Everything that isn't JLP can be redacted. No need for personal address details or other holdings just something that shows your real name and how many shares you hold and where they're held.

[haughtonhoney] 13/5/2019 08:05

I'll kick off.haughtonhoney - 1,878,431

[redtrend] 13/5/2019 07:49

Tim - you raise the key issue as to why I keep an eye on JLP only, but will not invest until reporting is changed, even with Kabwe proceeding. I'm sure there are others like me. I have always said it's incredibly simple to make key changes - no fancy PR or marketing, just a good FD and clear quarterly reporting with all metrics (production, sales, cash, debt, capex etc.).

I was hoping with IIs on board (particularly Canaccord), reporting would sharpen up and become more transparent (and was hoping that was reason for delay to q report), not less. Of course the IIs will get a monthly update, with all data on cash in the bank, debt, capex, trade payables, up-to-date Kabwe timeline. PIs are left in the dark.

I didn't think the Q reporting could become even less transparent. But JLP have now stripped out the production numbers (?!!), plan to move to 6-monthly updates and still no Financial Reporting on cash, debt, capex, working capital movements etc. The release of Interims & FY Accounts are routinely left until the last minute to be useless (Accounts released in Nov for PIs to understand the true financial situation end of June!). This delay would be fine if PIs had unaudited financial reporting in quarterlies in the interim, but nada.

The PIs are still by far the majority as Plat mentions, so think it's a great initiative to start a PI register - surely across LSE, ADVFN & III you regular posters must have circa 25% odd? There must be lurkers who have more too. As much as you all respect Leon C on the technical side, the treatment of PIs and lack of transparency is unbelievable. It's better to force change now while there's positive momentum and build on positive sentiment, than wait until an issue arises and sentiment turns with PIs on the backfoot(an example as Krypton highlights, which is another key risk).

I think for now, as many PIs may be reluctant to divulge private info, someone trustworthy (Undertaker) can take usernames and holdings. No need for actual names at this stage. At least you then know what % you're working with.

[plat hunter] 13/5/2019 07:28

Undie...Fist someone needs to collect everyone's holdings data.Nothing complicated.. names and evidence of holdings. Then you send it to JLP with a letter of intent or instruction depending on what actions you're undertaking.At this stage it would just be an FYI to JLP, ensuring that they communicate to the PI group representative as they do with the large shareholders.We are the biggest shareholders, collectively and we can also make it harder to be muscled out by standing collectively too.

[undertaker] 13/5/2019 06:19

how do we create a PI register?

[plat hunter] 12/5/2019 20:42

Perhaps with a collective voice, we can get them to sort out some decent PR and brand awareness, given the resource savings with the reporting change.

[plat hunter] 12/5/2019 20:38

Hi Tim..I do think the quarterlies were just cobbled together because they retrospectively realised they needed to atleast tell the little guys something. Even the proactive interview seemed scripted with a narrative of the change in reporting style.There's no denying that big names are betting big here. We were forgotten about at first it seems but it seems they listened and reacted to us in the end.Well done everyone who sent an email. Perhaps this should be the right time to create a PI register, a more collective voice that's harder to miss.

[choppernoel] 12/5/2019 19:51

if sleveen takes and sucks plenty roosters in Q2 2019 at the caravan park he could well make a net profit before jubilee?

[kryptonsnake] 12/5/2019 19:44

6 month wait to find out they made no profit in 2019


LOLsss

[kryptonsnake] 12/5/2019 19:44

Lots of debt, and lots of additional project spending. Maybe a pay rise for Colin and Leon for doing such a great job


LOLsss

[kryptonsnake] 12/5/2019 19:40

tim is right. What's Leon hiding? financial results in November could be poor

If Kabwe is delayed this will be sub 3p going in to 2020

You been warned


LOLsss

[timhigginson] 12/5/2019 19:29

I just have an uneasy feeling about the quality of JLP's accounting arrangements. I don't know which large shareholders they consulted on this but it wasn't me.The numbers should just fall out from the system and should be programmed to do so. JLP is AIM listed and seeks to attract private investors who are deemed to be reasonably savvy enough to understand the increased risk. In order to understand the risk we need as much up to date info as possible. The movement to 6 monthly reporting in the US has been resisted I am glad to say. Having to wait 2.5 months after the end of a 6 month period is frankly unacceptable for a company with pretensions to becoming a mid cap or larger. Waiting unt; mid Nov for the annual figures is really bad.Another reason I am uneasy is because no one has seen to it that the annual figures to 30th June 2018 have been updated on the LSE page for JLP.
I think it is time JLP took on a strong FD who would relieve Leon of all these sorts of admin issues. So what if JLP makes a loss in a quarter as long as there is a bona fide explanation, e.g. a major strike. This would not be an excuse for not publishing its regular data on schedule.

[kryptonsnake] 12/5/2019 17:06

I'm buying shares in the caravan park. Plat is raking in the roosters

$$$$$$$$$$$

LOLsss

[choppernoel] 12/5/2019 16:24

I heard sleveen has invested in the caravan park. sleveen is the working capital. his positive cash flow is dependent on how many rooster he takes and sucks.

[sleveen] 12/5/2019 15:50

I heard Krypto has invested in Bezant?

[choppernoel] 12/5/2019 15:03

Goldibucks...take your head out of Leons butt cheeks. Wipe your brown chocolate face. Can you see past all the left over cr*p from Leons butt? You apparently can't.

[kryptonsnake] 12/5/2019 14:59

LOLsss I wouldn't touch Galileo with a barge pole. Thanks for the tip anyway

I already made the 2p prediction and got that right. Much to your lots surprise

I called sub 3p a few weeks ago and got it right. Sub 3p is coming again

See you at 3p


LOLsss

[goingforarun] 12/5/2019 14:46

I understand some have access to an updated Shard note. Wonder whether anyone could post the detail on here?

[goldibucks] 12/5/2019 13:54

A 57% increase in quarter-on-quarter project earnings in Q1 and Chopper obsesses about a typo in an unaudited ZAR number. You couldn’t make it up.

I expect the share price to be solid as a rock in the weeks and months ahead. The buying is is mostly institutional judging by how narrow the spread has been recently even with almost no volume, the market is buying to order. As much as they’d like to walk the price down to help their clients, they know other institutions will buy what they can when they can so that will put a lid on how hard they tug the price.

There is nothing in the price for future growth so you might as well let JLP get on with it. Whatever growth they achieve will go into the price in the run up to Q2 and Q3 announcements via Shard notes, holding is a no brainer.

I expect a big announcement in the next 2-3 months, it’s long overdue.

[goldibucks] 12/5/2019 11:57

"See you all at 3p when I might consider closing my short" Krypton, you said exactly the same thing about 2p 4 weeks ago. Glad to hear you've moved your "stop profit" up 1p. I hear BMR sold your JLP shares at 2.25p, that must have chafed your wallet? ;-) Some people are saying GLR is a cheap way into JLP. With your fondness for companies with illiquid assets and no earnings or cash, you must be tempted?