Jubilee Metals Share Discussion Threads

[goingforarun] 15/7/2019 10:56

Plat, wanted to come back on your point about further placings to build Sable processing. I think if this happens these will be at an accretive level not dilutive? Further boosting the lifetime of the plant and the the SP!

[plat hunter] 15/7/2019 10:50

"In other words, Vedanta has spent KCM ‘s revenue in repayment – at a high interest rate – of the debt it owes to a subsidiary of itself. At the same time, the workers, the other shareholders including ZCCM-IH and the public coffers to which it owes taxes, have been left with little. This is despite the rising copper prices in the international market."

This is the same problem WRES will find themselves in with BlackRock, how Krypton thinks it will outperform JLP with a Debt/Equity ratio of 143% is curious at best.

[plat hunter] 15/7/2019 10:46

For me it now seems that Kabwe is just the test feed for Sable, so that JLP can demonstrate their abilities to the wider market for waste metal reclamation.

The capacity for Sable to process as much Silver and Gold as it had previously done, would transform JLP beyond anything that Kabwe alone would.

Whilst Krypton got caught with his pants down it seems that the true scope of JLP's ambitions had gone underestimated, by even the most seasoned of optimists here.

Hence why Sable transaction has occurred outside of any agreement we had with BMR & Enviro.

[choppernoel] 15/7/2019 10:23

Commodities up again and jubilee DOWN.

[undertaker] 15/7/2019 10:07

what does that mean for JLP?

[kryptonsnake] 15/7/2019 10:05

Goldilocks

After all that added shareholder value the share price was 50% down from 2017

So are you really 50% up?


LOLsss

[gsg] 15/7/2019 09:12

Looks like Vedanta have been taking the pi$$. No wonder the Zambian government have had enough of them.



In its affidavit opposing the petition of ZCCM-IH seeking liquidation, KCN has admitted that it has not paid dividends to its shareholders, including the state-owned ZCCM-IH, the Mast reported recently.

While Vedanta blames the taxes imposed by the government for these losses, it nevertheless has registered an increase in operating revenue by more than 50% between 2017 and 2018, Lusaka Times reported.

However, most of the revenue over the last few years has been spent on servicing the debt KCM owes to the UK-based Vedanta Holdings Limited, from which a billion dollars was borrowed. This lender, who is charging a high interest rate, is a subsidiary of the same Vedanta resources which holds more than 79% shares of KCM.

In other words, Vedanta has spent KCM ‘s revenue in repayment – at a high interest rate – of the debt it owes to a subsidiary of itself. At the same time, the workers, the other shareholders including ZCCM-IH and the public coffers to which it owes taxes, have been left with little. This is despite the rising copper prices in the international market.

[goldibucks] 15/7/2019 09:11

They have added shareholder value. First interim profit before tax in H1, Sable purchase and Kabwe financing, PlatCro chrome purchase, Q1 earnings up 57% quarter-on-quarter. The price is up nearly 50% in 6 months because of that added value.

[choppernoel] 15/7/2019 05:58

I will.play a new record when shareholder value is added and is reflected in the share price. If you don't like that you can continue playing your old record.

[plat hunter] 14/7/2019 23:01

Correct, I had previously under estimated sables processing capacity.

[goingforarun] 14/7/2019 20:36

Plat, very confused by your comments. Wasn’t long ago you were saying this was going to rerate large?

[plat hunter] 14/7/2019 18:47

10 bag by 2022 without any significant dilution.Looking at the size of Sable, we need far more material than Kabwe can provide.If you have an average in the ball park of the insti's then you'll do very well, I think anyone with higher averages are going to be lucky to get much back.Got to add here at all placings events.

[goingforarun] 14/7/2019 18:01

Chop, play a new record!

[goingforarun] 14/7/2019 16:35

Losta, not holding my breath on 10 bag. Personally would just like to see some momentum based an the realisation of what’s on here! Happy with 5p+ by Christmas!

[deme1] 14/7/2019 15:31

double digits by December is hard to believe.

10 months to triple the SP

[deme1] 14/7/2019 15:20

10 bag in the next 12- 18 months.

time to sell the daughters kidneys ;)

[lostabillion] 14/7/2019 15:15

GFAR, very true.
Come December the share price should comfortably be in double digits once the penny drops in November.

There’s so much going on what with fine chrome roll out to multiple sites (this in itself is huge), Copper/cobalt, Kabwe, current unknowns etc etc!!!

Very happy to keep topping up all the time we’re at these levels.

IMO JLP will multiply by year end and 10 bag+ within 12/18 months.

The negative posters here need to stop looking backwards and concentrate on the vast potential ahead.

[goingforarun] 14/7/2019 14:49

Losta, problem with this is that the company is undervalued and could be taken over easily if the market doesn’t wake up!

[lostabillion] 14/7/2019 14:32

TBTT on the LSE board.

My thoughts too.

IMO, the share price action here is mostly normal "churn". Volume is not big, and both those who took part in the last placement, and almost anybody who bought heavily in the last year (such as me) is sitting in decent profit.
By and large, I don't think the wider market has fully realised that Kabwe/Sable is indeed happening, that it will start operations quite soon, and that the revenues from it will be huge. I also don't think the market has realised the full potential of the Platcro chrome / PGMs hub (especially when a fine chrome line is added); and indeed the full implications of the fine chrome process for the wider chrome industry.
In short, AIM is just being sleepy old AIM. Hopefully, it will wake up soon.

[scrappycat] 14/7/2019 11:17

deme,

I agree the only one way. An excellent prospect. However, who knows what other pies they have their finger in. By serious, I meant serious as a proportion of income, not in amount.

[scrappycat] 14/7/2019 09:47

There are several projects in the pipeline that will cost serious money to develop their full potential. I do not expect much of an actual cash surplus to show in the November figures. However, I expect earnings to have grown significantly.