Jubilee Metals Share Discussion Threads

[goingforarun] 26/5/2019 17:07

Plat, you should TR1 it, should shake things up!

[plat hunter] 26/5/2019 09:09

I don't but say i held 1% via 3 different nominees. I should in practice update the market with a TR1 but it would purely be down to how motivated i would be to do it.No one would be able too see reconcile my total holding. It would take a dawn raid on all the nominee shareholders to work out my holdings

[frogkid] 26/5/2019 08:59

Nominee accounts could conceal large holdings by individuals or other entities.

[rescuer] 25/5/2019 08:29

agreed Bill - Nominee accounts could indeed just be PI's -

[billthebank] 25/5/2019 00:26

Rescuer You are incorrect Nominee accounts are more than likely just pis!!! Of course it is possible that there may be so.eone lurking but highly highly unlikely

[sleveen] 24/5/2019 20:12

Short on grey matter nothing more.

[rescuer] 24/5/2019 16:07

closing your short (if you've a big position) maybe difficult Krypto - just went through the holdings - if the company website has NOT been updated, then there maybe some discrepancies - but i've checked other sources and it stands up - holdings as follows:

JIM Nominees Ltd Jarvis Acct - 16.61 %

HSBC Global Custody Nominee (UK) Ltd 5.40%

HSBC Global Custody Nominee (UK) Ltd 4.80%

Barclays Direct Investing Nominees Limited 3.91%

Interactive Investor Services 3.67%

Hargreaves Lansdown (Nominees) Ltd 3.60%

Interactive Investor Services 3.59%

Hargreaves Lansdown (Nominees) Ltd 3.36%

The Bank of New York (Nominees) Ltd 3.31%

Quantock - 7.78%

BMR - 2.3%

Miton - 6.01%

Vikrant Bhargava - 9.01%

Canacords - 5.66%

So if the info is correct at this time, then 79.01% of shares are institutional or large PI held. -

the price action these last few weeks has been Odd !! - it goes down on little volume and goes up the same, news either way will drop this or rise quickly.

best of luck Krypton - you could be correct re the long run in until November, but with the company now fundamentally sound, bit of a gamble staying short.

all IMHO of course.

hope you have a great Bank Holiday weekend

[kryptonsnake] 24/5/2019 15:26

"Predicting that a share's price will drop is like predicting the sun will rise tomorrow"


It's not the predicting that counts. It's getting it right when others said I was wrong. Now back to 3p and all the rampers that were saying 5p tomorrow have disappeared


LOLsss

[kryptonsnake] 24/5/2019 15:14

Meanwhile Jubilee holders are getting rich? LOLsss

Despite having 89% of Kabwe and all the other projects, the share price lingers around 3p and falling

Like AcesHi says. Conformation in the financials is needed and you won't be seeing that until November

I'll make sure I close my short before the next update which is coming imminently soon

[scrappycat] 24/5/2019 15:11

AcesHi,

Fair enough, but others seem to have more faith:

'RiverFort Global Opportunities PLC (LON:RGO) revealed on 5 February 2019 that it had made around a £1.2mln investment in Jubilee Metals Group PLC (LON:JLP), which represents the company’s largest investment to date.'

Each to their own.

[sleveen] 24/5/2019 15:10

Accounts give a "true and fair view" of the financial position @ the balance sheet date.

They don't prove anything.

[goldibucks] 24/5/2019 14:29

"They will get 11% earnings from the Kabwe project". They get 11% when JLP gets its investment back plus a 20% return and it's all been received in cash. How many years will that take? And when BMR gets the 11%, JLP owns 29.01% of BMR so really BMR shareholders are getting 7.8% of Kabwe. Then there are all the question marks. Is the 20% return per year? i.e. does it roll up if there are delays in ramping up. Will JLP be charging a toll processing fee to Enviro Mining for refining at Sable? By the time BMR's royalty get hived off into a separate company, I'm pretty sure JLP will have done a deal involving cancelling it's 29.01% shareholdings in BMR in return for reducing the 11%. BMR needs cash so it's highly likely they will do a deal with JLP to reduce or sell their interest in Kabwe.

[plat hunter] 24/5/2019 13:42

"BMR isn't so bad it will receive 11% of earnings from kabwe"

Think i'd rather have 89% of earnings from Kabwe and a listing that i can buy and sell as I wish

[mikebolle1] 24/5/2019 13:04

Predicting that a share's price will drop is like predicting the sun will rise tomorrow

[kryptonsnake] 24/5/2019 12:18

I hate being right but I did say LOLsss

sub 3p this morning and the share price will continue to fall until the next update

[kryptonsnake] 24/5/2019 12:16

BMR isn't such a bad investment. They will get 11% earnings from the Kabwe project and have there own projects coming online soon


The share price will be stuck around here until they prove they can make net profits and Kabwe is delivered on time

[scrappycat] 24/5/2019 12:13

AcesHi,

Presumably then, you doubt the validity of the following:



Jubilee Metals recent fund raise and quarterly update further de-risks RiverFort Global Opportunities plc’s senior secured debt investment

The investment was principally part of a secured non-convertible financing facility arranged by Jubilee in connection with its acquisition of certain chrome processing operations

RiverFort Global Opportunities PLC (LON:RGO) revealed on 5 February 2019 that it had made around a £1.2mln investment in Jubilee Metals Group PLC (LON:JLP), which represents the company’s largest investment to date.

The investment was principally part of the secured non-convertible financing facility arranged by Jubilee in connection with its acquisition of certain chrome processing operations announced on 10 December 2018.

On 21 March 2019, Jubilee announced that it had raised £17.2mln from a combination of debt and equity to acquire the Sable Zinc Refinery in Zambia and to provide working capital for the company’s operations.

Since that March equity placing on, Jubilee’s share price has increased by around 50%, demonstrating the market’s support for the company’s recent investments and operational performance.

Jubilee announced its first quarter results on 9 May 2019 which showed operational earnings of £3.2mln for the period, representing a substantial 57% increase in group operational earnings compared to the fourth quarter of 2018.

In particular, Jubilee’s chrome processing operations - which RiverFort Global’s investment was involved in funding - are already contributing positively to group earnings and performing ahead of projections.

Moreover, the company said it believes that the first quarter does not fully reflect the potential of these operations, with the second quarter expected to be a better guide to its potential.

Jubilee added that the chrome processing assets acquired in December 2018 were currently generating £4.3mln of earnings, and for the first two months of 2019, those assets have already generated earnings of £0.9mln.

Consequently, RiverFort Global’s investment, which formed part of the debt raised to fund these operations of around US$6mln (£4.6mln), is significantly covered by current and expected earnings of the underlying assets.

[plat hunter] 24/5/2019 11:43

"Getting out on spikes"

SP at 1% over previous support marker with RSI at 31.

Keep selling those spikes lol

[plat hunter] 24/5/2019 11:25

"Getting out on spikes"

2p wasn't a spike lol

[aceshi] 24/5/2019 11:21

NelsonAnd JLP isn't?

[aceshi] 24/5/2019 11:18

Daniel Why deceptive, want me to private inbox you my latest statement, backing up my remaining 400k, like I suggested to Platt yesterday? You play your cards first though. I got nothing to hide, told you ages ago, I'm getting out on the spikes. Done with the jam stories

[plat hunter] 24/5/2019 11:06

Krypton's so smart, he bought WRES on the 7th November 2018 claiming it would outperform the "lemon" that is JLP.. Lets take a look at that shall we?

Wres 07/11/18 = 0.47 / Todays price 0.44 that's a LOSS for the period of 6.38%
JLP 07/11/18 = 2.20 / Todays Price 2.96 that's PROFIT for the period of 34.54%

Lets all give him a round of applause for being so right and smart, this turn around in form for him, came on the back of losing 100% of his investment in BMR.