Jubilee Metals Share Discussion Threads

[1madmarky] 23/8/2019 12:57

In the pro active interview- very non committal wrt star IMV.

Cu ~$18m pa of revenue- so ~$3m pa earnings?

Not much, and it delays the V

[freedom97] 23/8/2019 12:50

Todays Proactive interview was very good imo, lets see what happens when the market listens to it.

[freedom97] 23/8/2019 12:34

Very pleased with todays RNS.

"INTERVIEW: An exciting time for Jubilee Metals as footprint expanded

Jubilee Metals Group (LON :JLP) CEO Leon Coetzer joins DirectorsTalk to discuss the completion of the Sable Zinc Refinery acquisition in Kabwe. Leon talks us through the highlights, explains what this means for the company and what we can expect next.":



Also,

Proactive interview (6:06min):

www.proactiveinvestors.co.uk/companies/news/901415/jubilee-metals-officially-has-operational-footprint-in-zambia-with-sable-zinc-refinery-901415.html

[1madmarky] 23/8/2019 12:32

Thought i heard confirmation of 2nd PGM operational.
Not happy that Zn and V have moved back. Agree with other poster that we've probably been leaned on but the copper is only 3000tpa so small really.

[goldibucks] 23/8/2019 12:27

“Differing views, hey!” I’m all for differing views. I just argued against negative views when I was holding. I wasn’t interested in trying to stop people posting. I’m grateful to Mdalos for posting his negative views after the H1 19 results because after checking them out, I agreed and started selling. I’d be a seller today if I still held because investors are buying for spurious reasons. If you’re a minded seller non-announcements like the one today are manna from heaven because they provide liquidity without changing your investment view.

[goldibucks] 23/8/2019 12:17

“the market likes the RNS based on the share price response!” The price of JLP goes up after every announcement. Day traders understand that if an announcement isn’t bad it pays to buy JLP because if somebody didn’t sell yesterday they probably won’t sell today so the only action will be buying. The truth is an RNS confirming the Sable acquisition has completed isn’t really news. When the price stops going up day traders dump their shares and the prices goes back down. JLP won’t be able to release an RNS with reported numbers supporting their current £57.5m market cap for a long time so any small trading spikes won’t stick. Watch what happens next week.

[fireplace22] 23/8/2019 12:08

GSG, thanks for the reply re Cu.

[goingforarun] 23/8/2019 12:05

Goldibucks, appreciate all the negativity, however, the market likes the RNS based on the share price response! Differing views, hey!

[gsg] 23/8/2019 12:04

Oh dear! Goldi doing a Krypton.

[goldibucks] 23/8/2019 12:02

“JLP should be around 4p soon.” That would be a market cap of £74m which is exactly what Shard valued Kabwe at in March. There is not a huge amount of value left in Hernic, DCM, and Windsor Chrome net of interest and operating costs so everything rests on Kabwe. As an investor, I wouldn’t want to be paying for Kabwe until it’s making the money they say it will.

[goldibucks] 23/8/2019 11:55

I won’t be “letting it go”. I enjoy posting about JLP and will continue to do so. You lot are the desperate ones trying to snuff out any dissent. Market cap now £56m at offer price, nearly entirely supported by possible earnings at Kabwe when Shard only valued that at £74m. Vanadium has fallen by 2/3. Kabwe won’t be as valuable as it once was. Where’s the upside? The big mistake bulls are making is failing to recognise how little value there is in Hernic, DCM, and Windsor Chrome. Windsor Chrome represented the purchase of high risk short term earnings so JLP could reach the promised land of Kabwe without getting their share price shot to pieces. With China stalling, steel demand driven commodities like ferrochrome and vanadium are going to struggle. That can’t be good news for Hernic or Kabwe.

[gsg] 23/8/2019 11:51

The Bull.

Looks like copper brought forward to now. Zinc, Vanadium, Lead pushed back approx 6 months.

[nash81] 23/8/2019 11:46

JLP should be around 4p soon. We should get broker note from new broker soonGLR expecting placing around 0.45p ish?? My guess you heard it hear first lol.BOR is way unloved but worth 309m mcap few years back on oil discovery. Now only 6m mcap. Hit bottom and about to move back up following RKH. Patience neededPDL another bargain diamond player as well as Vast

[nelson01] 23/8/2019 11:45

Yeah give it a rest....you are losing all credibility.

[the bull] 23/8/2019 11:45

Have the timescales for production slipped

[sleveen] 23/8/2019 11:37

"On top of that you could have ongoing losses from DCM and Windsor Chrome escalating with interest to pay on Windsor Chrome and Kabwe debt"


----->Both projects bought and paid for.

To borrow a phrase from sharenotes:

Just let it go. You have pointed out on many occasions, your timing is a little off.

[sleveen] 23/8/2019 11:34

"If you assume Jubilee have 2 years of unshared earnings left on Hernic at £8m a year and they will have to pay running costs of £6m a year to extract that value, that’s £4m of net contribution to market cap."

-------> 4m of the "running costs" will be D&A (look at the 2018 accounts).

Desperate stuff

[sleveen] 23/8/2019 11:29

From RNS 20/3/2019

"DCM fine chrome project

The DCM fine chrome plant was brought into production during January 2019 and ramped up to reach commercial production levels during March 2019"

----->So DCM FC a loss for Q1 but earnings in Q2.

[gsg] 23/8/2019 11:16

IMO they are refining copper first in order to get the Zambian government out of a hole.

With Konkola, Mopani and Chambishi refineries all closed for different reasons, bringing on copper refining at Sable, although small, will be of great assistance to the Zambian government.

My guess is that the copper feed for Sable will be coming from Mopani's stockpile.

[sleveen] 23/8/2019 11:11

More nonsense from Goldi.

Ignore the desperate deramp so he can buy back in.

LOL @ Goldi!

[alwaysevolving] 23/8/2019 11:06

Nice RNS. It’s good to read that they are fully funded to implement all three phases between now and Q2 2021. No fund raising required at least for this project. Let’s hope they don’t forget they stated that.

[deme1] 23/8/2019 10:56

goldi

appologies I thought that you had highlighted that there was a risk of the sable accusation not being completed.

good luck with your future investments.

[dafrog] 23/8/2019 10:53

"Appointment of joint broker

Jubilee has appointed WHIreland as joint broker together with Shard, in support of Jubilee's focus to broaden its institutional shareholder base"