Jubilee Metals Share Discussion Threads

[boris cobaka] 21/5/2019 05:36

Mornin' folks

Off to Cape Town tomorrow for last trip from Zim. Haven't had much of a chance to catch up with hernic stuff but noticed the following comments from the last Status report -

'3.4 Hernic’s financial performance is negatively impacted by challenging market conditions and the increase of roughly 3c/lb in the electricity costs effective from April 2019, which will again increase by approximately 8 c/lb when the winter electricity tariffs will be applied from June to August 2019.
3.5 The BRPs are implementing various cash preservation initiatives whilst operating the business in the ordinary course. The BRPs have also had to review capex items especially for long term projects which will not immediately impact on the Company’s operational stability.
3.6 In light of the above, it has become necessary for the Company to review its operating philosophy and scale down smelter operations during the winter months (1 June 2019 – 31 August 2019). The BRPs will review the operating model post winter months.

Are there any implications for jlp?

[sharenotes] 20/5/2019 20:23

Those who have experienced running a business know that there is no absolute certainty with how things will turn out. If you are not in the boardroom, that certainty diminishes further. Some use financial accounts, some use charts, some use ‘mathematical’ formulations and some use 'intuition' to extrapolate what will happen next. Nothing gets close to the ins and outs of the boardroom, period. I personally don’t delude myself even though I do ‘like’ analysis. You win some, you lose some and you hope that you win more than you lose. The pitch is tilted and what happens on the pitch is often a distraction; best to try and figure out the tilt. At the moment, the tilt does look in JLP’s favour.

[choppernoel] 20/5/2019 20:18

Rest assured that Leon isn't that someone buying in big

[goldibucks] 20/5/2019 20:17

"Got to love somebody who picks out an "earnings" figure to offset against Debt repayments whilst ignoring all Business Admin & Production operations costs as though "earnings" are Net Profits.... LOLs"

"Business admin" are central/operating costs in the P&L, it's deducted in my net profit calculation. "Production operation" costs are included in project earnings, that's cost of sales in the P&L, what you deduct from revenue to get gross profit. Project earnings/gross profit less central/operating/admin costs less interest = net profit/profit before tax.

Krypton, let's see who's right. £2.5m PBT for FY19 excluding impairments, share based payments, and FX on foreign subsidiaries.

[plat hunter] 20/5/2019 20:10

Be interesting too see if 3.20 is a support tomorrow.I suspect we'll see buys creeping back in tomorrows session.Someone big is still adding.

[kryptonsnake] 20/5/2019 19:11

Can't wait for Novembers financials. Goldilock's porridge is going to be cold

LOLsss

[kryptonsnake] 20/5/2019 19:09

Bookworm,

ACI are great, nothing wrong with that company

Errrm did I say there was a plant generating $50 million at Kabwe?

I said there will be, and the Zambian government will try to steal it one day

Watch and learn numpty


LOLsss

[plat hunter] 20/5/2019 19:00

Of course GLR is going to get ramped, anyone holding there with any real clue, will be desperate to get out.

[sleveen] 20/5/2019 17:22

1MM fair point :-)

PS I've not sold any JLP to buy GLR.

[1madmarky] 20/5/2019 17:20

Sleveen - you are assuming that the chemical composition of the star mine is compatible with our tailings. It probably is, but, you never know. At which point glr are up the creak without a paddle.

[nelson01] 20/5/2019 17:04

These losers are too stupid to do any research....thatR17;s why the are losers
And keep wasting their life wallowing in bitterness.

[bookwormrobert] 20/5/2019 16:57

More disinformation from an embittered BMR shareholder. There was no plant "to steal" at Kabwe, let alone one generating $50m a year.
You should be blaming BMR CEO Alex Borelli for your investment losses, and maybe ACI. (And if you'd bothered to google ACI, you would have saved yourself a lot of money. I did an hour's research at the time, and ran a mile from BMR as a consequence).
And you should be grateful to Jubilee, because you might now recover some value from your BMR shares over time. Without Jubilee, your loss would be 100%.

[kryptonsnake] 20/5/2019 16:34

rns imminent in due course soonish


LOLsss

[kryptonsnake] 20/5/2019 16:29

Wrong question

Why would they not want to steal a plant generating £50 million a year?

idiot


LOLsss

[call me a cab] 20/5/2019 16:27

Yes of course.
Why would they not want to steal a massive heap of toxic waste?

Idiot

[kryptonsnake] 20/5/2019 16:27

Barnes sold out at 3.7

Now he's looking for a cheap entry


LOLsss

[kryptonsnake] 20/5/2019 16:22

Only a matter of time before the Zambians want to take Kabwe from Jubilee

Always a great political danger in these types of countries

[gsg] 20/5/2019 16:03

Zambia to seek takeover of Vedanta-controlled copper miner, Lungu says

Lungu said the government has started proceedings to take control of Vedanta subsidiary Konkola Copper Mines, in a move likely to stoke concerns among global miners about rising government intervention in the sector.

[deme1] 20/5/2019 15:51

Just like BMR ;)

[kryptonsnake] 20/5/2019 15:47

Galileo up Jubilee down

It can only mean Galileo is getting the better deal for the star zinc joint venture


LOLsss

[choppernoel] 20/5/2019 14:50

Mutley Walters imminently becomes muddy Walters at the caravan after taking one in due course shortly.

[sleveen] 20/5/2019 13:20

GLR zinc processing will be a good deal for GLR and a great deal for JLP as there will only be a marginal increase in processing costs (ie the incremental cost going thru' the same fixed assets.)

So one may deduce that a deal WILL be done.

Nailed on IMV.

[goldibucks] 20/5/2019 13:19

“Wise are SELLING JLP AND BUYING GLR?” GLR had £0.4m cash at 30 Sep 18, raised £0.5m in the last placing and burns £0.3m every 6m. Doesn’t take a genius to work out it’s only got enough cash to last until 31 March 2020 which makes it a punt on how favourable future fundraisings will be for existing shareholders. BMR is an excellent example of how punts like GLR can work out. Only positive is that Colin Bird owns 13.7% and won’t want to dilute his own holding to nothing.

[goingforarun] 20/5/2019 13:10

Once the off-take agreement is made and I can’t see any reason why not it will benefit both companies? Don’t forget GLR is pretty much dead without Sable, the balance of power in this agreement is with JLP?