Jubilee Metals Share Discussion Threads

[nelson01] 03/9/2019 22:27

Since you sold and went negative the basket price has gone up around $150....does
That not make any difference to profitability.

[plat hunter] 03/9/2019 22:21

From the horses mouth... "Glencore"

"Our African copper business did not meet expected operational performance. We have moved to address the challenges at Katanga and Mopani with several management changes as well as overseeing a detailed operational review, targeting multiple improvements to achieve consistent, cost-efficient production at design capacity. Our teams have identified a credible roadmap towards delivering on the significant cashflow generation potential of these assets, at targeted steady state production levels.

[nelson01] 03/9/2019 22:12

Goldi.....in which case surely you would have done more due diligence in the first place when investing such large sums of money.....come on be a man and admit it, you got fed up of waiting and needed the money, now you're bitter knowing that any day now the share price could double.

[fozdad] 03/9/2019 21:48

MDalos, I see you have deleted your last two posts with your calculations based on Hernic turnover of £4 million to produce £15 per oz “benefit”;.

At last, some sense prevails!

[goldibucks] 03/9/2019 21:45

“Goldi, if you were genuine you’d have moved on after selling at 2.65p but you haven’t.”; So anybody with a negative view on Jubilee can’t be genuine? Most of what I sold was at 3.1p and 2.9p. I sold my last few hundred at 2.675p. You’ll be taking your Jubilee to the sea bed and downsizing to a pedalo. I can’t believe somebody with as much money as you seem to have can’t work out the problem with Jubilee’s business model in spite of being a shareholder for a long period of time and taking a gutful of disappointment.

[plat hunter] 03/9/2019 21:22

Yo Nelson... Even though I don't strictly agree with the comparison to SLP but if we did then SLP share price didn't really start motoring until they had 70,000 ounces hitting the books.

Windsor and Sable will send this through the roof then DCM will smash it up on top of that too.

[kryptonsnake] 03/9/2019 20:47

The only thing massive about Jubilee are

Colin's belly
nelson the bell end
The debt
The placings
The lies
The deceit

And it's a MASSIVE FAILURE


Come back in a couple of years when Kabwe might be profitable


LOLsss

[kryptonsnake] 03/9/2019 20:37

because there's no massive growth in profits

Same reason BMR sold out. They knew a massive placing was coming


LOLsss

[kryptonsnake] 03/9/2019 20:35

When is Jubilee going to blast off into space then? What price will it hit?

since dropping from double digits its only managed a high of 6p

6p now is a £100 million market cap. It's not going to be worth that much with only a net profit of £2 million

There will be another placing soon. The debt for Kabwe will get converted into loan notes and exchanged for shares. This time next year there will be 3 billion shares in issue

somebody get nelson a tissue


LOLsss

[nelson01] 03/9/2019 20:32

Ask yourself why would someone sell out just weeks before Jlp are about to announce massive growth in production.

[nelson01] 03/9/2019 20:27

Losta...These boards are littered with bitterness.

[kryptonsnake] 03/9/2019 20:27

Goldilocks

The other day you called me wrong for saying a placing is on the way

Now you're saying one could be just around the corner. Make your mind up?


LOLsss

[kryptonsnake] 03/9/2019 20:25

Now you sound like plat hunter you saddo

You've been spending too much time at the caravan park with him

The Jubilee market cap is getting smaller and your nought is getting bigger


LOLsss

[lostabillion] 03/9/2019 20:23

Goldi, if you were genuine you’d have moved on after selling at 2.65p but you haven’t.

The share price has moved against you and now you’re deramping having realised your mistake!

Always try and sell at the top and not the bottom as you have evidently done!

[nelson01] 03/9/2019 20:21

The same is true of just about every resource company on aim.

[goldibucks] 03/9/2019 20:15

The best way to describe Jubilee is a growth trap. It promises growth, in fact growth looks be a near certainty, but shares in issue and retained losses have a nasty habit of growing faster than the company.

[goldibucks] 03/9/2019 20:03

“I'm highly confident they will show a maiden net profit, but that's only my opinion.” Of course they are going to make a net profit but it’s going to be £1m-£2m versus a market cap of £50m and that’s poor when they have 3 projects contributing. The Hernic element of any profit they make is going to nearly disappear in 2 years. That’s the rub. Take off £8m of Hernic project earnings and add back the Hernic depreciation, then see what the £1m-£2m net profit to 30 June 2019 looks like. By the time Kabwe is fully ramped up Hernic and Windsor PGM profits will be nearly all gone. DCM is loss making, Windsor Chrome almost didn’t cover the DCM loss in Q2 19 so all those net of 11% BMR royalty and net of 40% Zambian corporation tax Kabwe profits will again be getting mostly used up to pay runnings costs. Jubilee will never make enough free cash to cover the CAPEX and OPEX requirements of buying tailings, building processing plants, ramping up for a year while losing money, making money for a couple of years while dealing with 101 setbacks, then hitting the skids and having to do it all again, AND have cash left to pay dividends. Investors who think otherwise haven’t put in the graft to understand the shortcomings of Jubilee’s business model. When you understand it, you will realise why Leon not buying shares with his own money makes complete sense. The next mini disaster or placing to fund another pile of tailings and plant to process it is always just around the corner. You are just as likely to wake up to an RNS confirming that Hernic is shutting and they’re having a problem accessing tailings or there has been some fallout with the Zambian government as you are to a new project. The risks are too high and the rewards too low with Jubilee. With almost every meaningful announcement there is some sting in the tail. Q1 19 was Hernic slowing down due power shortages, Q2 was the Windsor Chrome stock provision, before that was the Hernic dam breach, the 85% Hernic profit share reveal, pulling the plug on processing third party ore at DCM, the DCM losses, the Kabwe license getting revoked, most recently the 6m delay in processing vanadium, zinc and lead, the delay in processing Windsor PGMs. Constant, constant, constant disappointment. Jubilee is good from far and far from good.

[kennyp52] 03/9/2019 19:53

Lost a billion ... fascinating Basher post . Good reading . I recognise a few of these around various boards . Tell me ... is it not illegal to manipulate stocks ? Just curious . Must say getting worn down with this stock with all the negative comments but not got they much in my portfolio to really be bothered . Just had a gamble it might double .

[niloc4] 03/9/2019 19:52

Nelson01 is just a little Willie. Plat Hunter enjoys playing with Willie at the caravan park. Farcinwanca is a Farcinbon

[kryptonsnake] 03/9/2019 19:38

2013 the share price was 11p. Ever since then it's fallen and fallen. No wonder nelson is so desperate to see the share price rise again


Have no fear, the perfect storm is on its way. But maybe another placing first?


LOLsss

[kryptonsnake] 03/9/2019 19:35

nelson01 - 04 Feb 2013 - 11:56:32 - 14877 of 42653 JUBILEE PLATINUM - NEW DAWN ! - JLP
And a perfectly formed cup & handle....ready for take off?




6 years later nelson the numpty is still dreaming of a perfect storm in his cup and handle

Why would anyone stick around the same company for so long when it's been a dog for many years? And he tells the bashers to get a life


LOLsss