Jubilee Metals Share Discussion Threads

[deme1] 09/8/2019 12:46

by the time we see more of jlp it may be at 1p!

[bullster] 09/8/2019 12:41

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What do you lot not understand.

Although JLP is already making a relative £3-4m annual profit, it is coming from a very small proportion of the company.

Present:-
Hernic PMG 4%
Windsor Ch 1%
DCM Ch 1%

To come:-
Windsor PMG 8%
DCM PGM 4%
Kabwe Zn Pb Vn Cu Co 82%


We've only seen 6% of the present JLP in action.

Just wait !

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[plat hunter] 09/8/2019 12:40

Can'take copy and paste from LSE on my mobile bit Jammer post today at 11:33 merits a read.

[plat hunter] 09/8/2019 12:34

Me too Deme... Considering they were both in the 6p range at roughly the same time.

[samthestaffy] 09/8/2019 12:31

1.855 BILLION ????

[goldibucks] 09/8/2019 11:52

I remain invested because I’m mindful that Windsor PGMs and Kabwe have the potential to take their earnings up a notch and I don’t want to miss out on that upside altogether even though I think their reporting is horrific, all their growth is paid for by shareholders many times over, and they seem to steal defeat from the jaws of victory on everything they do. Investors who ignore JLP’s underperformance and focus on the next project or next news announcement without jumping up and down about their failure to address things like the 80% fall in Windsor Chrome project earnings in Q2 19 do everybody a disservice. On the plus side it’s given me a get out jail free card three times now so I’m grateful to them for continually misreading bad news as good news and allowing me to escape the scene of my investing crime time and time again before anybody knows there has been a murder. “Jam blindness” - the ability to ignore bad news today while continuing to hope for good news tomorrow. Should be in the glossary on Investopedia.

[scrappycat] 09/8/2019 11:35

deme,

However you look at it, this is an AIM company that is actually making money, and its revenue pipeline seems destined to increase markedly. Admittedly, its failure to produce audited accounts and to appoint a worthy FD is not the cleverest of choices, but, I hope, this can be put down to the fact that the Board is too busy negotiating potential deals to find the time at this juncture. It does need to be addressed though. To not do so reflects badly on, what purports to be, a successful, growing, company. Just my opinion.

[gsg] 09/8/2019 11:30

They really are not getting it. Alistair Ford is paid to write pleasant little write ups for AIM companies. Colin can ask him to do as many snow jobs for his companies as he likes. It still won't bring Jubilee the credibility which could be achieved with some straight talking.

The contrast with SLV's reporting is startling. They go through a mini SWOT analysis in their quarterly reporting, detailing positives and negative risks to the business.

Its nice and clear, and that is all that is required. It ain't that difficult.

[goingforarun] 09/8/2019 11:11

Goldi, appreciate you think reporting is misleading at best, sh*t at worst. What I don’t really understand is why you remain invested? You must think JLP are improving enough to remain onboard?

[alwaysevolving] 09/8/2019 11:07

New proactive interview on JLP. Make of it what you will!

[goldibucks] 09/8/2019 11:00

Another example of the absolute stupidity of JLP’s reporting for H1 19. Under Chrome Update, “earnings attributable to Jubilee increased almost sixfold to GBP £1.58m compared to H2 2018”. A £267k loss in H2 18 to a £1.58m profit in H1 2019 is not a sixfold increase in earnings because they started from a loss. Nearly every sentence they write is complete and utter tosh. Windsor Chrome was not “ahead of projections” because the initial projection was £2.25m of project earnings. They then increased that to £2.7m in the Indaba prentation in Feb 19. What would have made far more sense would have been to address the reason for the massive fall off in earnings in Q2 and confirm that the project earnings would bounce back to Q1 19 levels in Q3 19. When this was the case with Hernic due to seasonal shutdowns, feed supply issues, and dam breaches, they said it would bounce back, and it did. When they don’t tackle this and write garbage instead, all you can do is conclude they aren’t expecting Windsor Chrome project earnings to bounce back and without quarterly production data they won’t get pulled up on this until the end of January 2020 at the earliest. By which time they think they’ll be fine as Windsor PGMs and Kabwe start producing and DCM fine chrome ramps up. The failure of existing projects to deliver to their potential does not bode well for pipeline projects. Windsor PGMs will probably deliver excellent results because JLP are just delivering the tailings. Something even they can’t “truck up”.

[frogkid] 09/8/2019 10:37

For clarity that is my whole position. I have already reduced slightly...

[frogkid] 09/8/2019 09:59

Yes I can see why Deme. This was the year for JLP so if nothing moving by the end I will also review my position...

[deme1] 09/8/2019 09:52

God I wish I bought into SLP all them years ago instead of this mut

[sleveen] 09/8/2019 09:21

"NUM conformed that it had tabled a 15 percent basic pay increase or R1 500 rise, whichever was greater, as it had different package demands at different mines"


15% demand, if they get half that mines will be closing...oh dear fewer platinum mines. :-)

[robers98] 09/8/2019 07:31

XTR with an update this morning

[kennyp52] 08/8/2019 22:42

I don’t know why anybody would sell ...... unless you was actually buying !?!?

Dear me .

Anyway ... it’s pretty obvious that until there are some figures on paper and some money in an account and an auditors signature to it ... this Mickey Mouse gamble share isn’t going anywhere fast .

[plat hunter] 08/8/2019 22:08

I don't understand why anyone would sell when Insti's are buying, unless you was actually buying.

[aceshi] 08/8/2019 21:35

Over on the other board they are still talking about all the jam tomorrow scenarios, that could, maybe will, about to, only if, could possibly, play out. It's just more of the same, rinse and repeat. Over 10 years of project hype and consistently under delivering on projections and project progress. Management are the only ones who ever make any cash here. Smoke and mirrors, with some creative accounting thrown into the mix but never any audited profits, to date. Expect November's numbers to be underwhelming and another hit on the already languishing share price I see Goldi has finally seen the light and reduced his exposure to the dog. Eventually one gets exhausted trying to defend the indefensible. GLA

[lostabillion] 08/8/2019 21:30

Read 34DS’s post on the lse board, if his theory is correct then JLP are playing a very lucrative game.

I will keep accumulating,