Jubilee Metals Share Discussion Threads

[aceshi] 15/8/2019 15:01

Thought everyone knew........Full time down at the caravan park

[deme1] 15/8/2019 14:58

Eblitz

he is starting to do my head in ;)

[eblitz1] 15/8/2019 14:48

Hello Plathunter
I hope you don't mind me asking a serious question, over the years you have ent over 5000 posts, I really don't mind as some of them are really good but what do you do all day? as it seems this is your main job including trading

[plat hunter] 15/8/2019 14:27

Stock markets are weighted indices by market capital. And recessions are cyclical events. The stock markets sink as MCAP's of cyclical companies exposed to the current macro cyclical events diminish.

The opposite will be true for the companies and industries that follow different cyclical and macro paths.

Suspension of trade is a precursor to war.. If you believe that it will all sort itself out in a few months then rockets under the metals, or if you think trump is the harbinger of ww3 then it's sell your stocks and buy gold. I bet trump holds a bit of gold you know.

That said,I'm going to lean on the side of common sense and trust that all this nonsense will blow over and the trade buttons will be pressed once more and a the stock markets will eventually be rebalanced by the old guard stepping aside for the new.

[plat hunter] 15/8/2019 14:19

Krypton, Because WRES has no money and they need a placing.. Why else did no one else give a hoot that he bought some shares?

SP didn't move and neither did the volume. How come you didn't add anymore if was so great?

[plat hunter] 15/8/2019 14:18

Well I've only been here for five years and sold a large chunk at 6 and traded in between time as well, so it's all very relative to me...What exactly is your point then Krypton?

I take it you wasn't quite as successful, is that your problem?

[boris cobaka] 15/8/2019 13:41

Shares the problem is with the imminent bear market theory is there's simply too much fear around. When we get that final melt-up stage that drags everyone and the paperboy into owning stocks , that'll be the time to exit. Not there yet - it could be another 6 - 18months and remember there's the us election next year. Trump wants to win so he'll do everything possible to ensure he's on course for a second term and tnat includes rising stock markets. Of course there could be some 'black swan' event but the market wants everyone on the wrong side before the rug is pulled...

[kryptonsnake] 15/8/2019 13:38

If WRES had no money and no hope, why does Michael Master own 18% of the company? It's mostly his own money he's put in including £40k the other day

What has Leon put in here? He only takes a large salary and gives nothing in return


LOLsss

[kryptonsnake] 15/8/2019 13:36

Who cares about the NAV. The share price is up just over 100% in 5 years

Most would have sold when it got to 6 / 7p


On the flip slide those who bought 2 years ago are 50% down and need 100% to get to break even. Swings and round abouts Platts



LOLsss

[plat hunter] 15/8/2019 13:24

Pi's are the minority shareholder group here now.. If Leon is laughing at anyone it's at people with a bigger legal resource than his own.

[plat hunter] 15/8/2019 12:58

WRES has no money, debt over 150% of NAV, interest payments exceeding cash flow and another project to fund.

Yes, go and buy wres, the modern day eldarado. Don'the you know there's gold in spain

[plat hunter] 15/8/2019 12:56

Krypton, JLP share price is up over the last five years with the NAV almost triple bagging over the same period.

Million times more shareholder value over anything you've pumped and ramped.

[niloc4] 15/8/2019 12:48

Censorship continues to win.

[lostabillion] 15/8/2019 12:45

Krypton, why not find another company to invest in if you’re that bothered about Jubes?

[kryptonsnake] 15/8/2019 12:24

It's easy to lose confidence in a company that continually disappoints

Colin and Leon have destroyed shareholder value

Leon owns 27k shares in the company which says it all

Go over to WRES and you'll find that the CEO owns 18% of the company

If Leon thought this was going anywhere he'd be buying shares now

Instead he's laughing at you while he takes his massive salary


LOLsss

[gsg] 15/8/2019 10:52

Goldi, thank you for responding. I do disagree with your conclusions, however I'am interested in how you developed your thoughts and how you came to lose confidence in the company.

[sleveen] 15/8/2019 10:07

Hernic rescue process will not affect JLP.

Still Samancor v Eskom for a power supply deal.

The chromite price is affecting Hernic (just like Thalisa because they're miners) ie very costly operations in comparison to merely producing a Cr conc like Windsor.

In order to preserve cash the Hernic smelting furnaces have been turned off presumably because the smelters use a HUGE amount of power and perhaps are not operating at full capacity (my speculation).

Employees and and suppliers are being paid as invoices are received.

"SMELTING
Ferrochrome is produced using electric submerged Arc furnaces. The closed furnaces are fed raw materials from various sources including chrome ore, coke, char, coal, quartzite and dolomite via the proportioning system for the production of ferrochrome. The valuable portion of the chromite is converted into a metallic phase. The impurities and higher melting oxides remain in a slag phase.

The furnaces are tapped intermittently. The ferrochrome and slag are separated by means of a skimmer plate. The ferrochrome is tapped into sand moulds where it is left for a few hours to cool down and then removed to the breaking floor. The finished product is crushed and screened to exact customer requirements."

[sleveen] 15/8/2019 09:16

timhigginson15 Aug '19 - 04:37 - 13722 of 13724

I am puzzled as to why the drop off of Hernic will now be counterbalanced with the PGMs from DCM


--------> DCM PGMS aint on the agenda until the license is received. I don't think anyone has suggested that.

Do you mean Windsor PGM which should at steady state produce 28k oz /yr?

My guess is that 28k is aspirational and 25k is more realistic as is 25k @ Hernic rather than the theoretical 28k oz (as I've often said).

[goldibucks] 15/8/2019 09:12

GSG it’s a short update and doesn’t add much to the original announcement. The key sentence for me was “Nevertheless, the underlying message is that the chrome division is going from strength to strength” (in spite of the stock provision). I wondered if the use of “underlying message” was implying that was the company’s view but not necessarily the house broker’s or if it was just referring to it being on track operationally. I think it is on track operationally, total chrome concentrate tonnes produced was 165k in H1 19, the analyst said 10% of that was DCM fine chrome, DCM without fine chrome delivered 17k tonnes in H2 18 so Windsor Chrome probably produced about 130k tonnes of concentrate in 6m versus an annual target of 300k from what I recall. So operationally it looks OK.

On Hernic, the earnings split was £1.9m Q1, £2.1m Q2, if you add the employee settlement of £0.6m to the £2.1m, Q2 is looking more like you would expect with strong PGM price, still a bit lower though, I recall the range on this board was £3m to £4m when people were trying to calculate the likely impact of higher PGM prices. As I say, my concern on Hernic is the dragged out rescue and ramifications of the current “scale down” in production to cut costs from 1 June to 31 August, i.e could that impact JLP feed, which could help them long term by triggering penalties but could be another obstacle to capitalising in the strong PGM price in the short term.