Jubilee Metals Share Discussion Threads

[nelson01] 21/9/2019 17:05

Nothing worse than bitterness.

[lostabillion] 21/9/2019 16:58

Goldi, look ahead not behind!

I’d be buying back in if I were you.

If not then best to move on because I think you’ll be bitterly disappointed that you didn’t buy them back.

[goldibucks] 21/9/2019 16:30

1,855m shares x 3.3p offered is £61.2m market cap. Overvalued for a company about to report a £1m-£2m profit before tax for the year ended 30 June 2019.

[lostabillion] 21/9/2019 15:46

Goldi, if you buy back in now you’ll only be 20% worse off than if you hadn’t sold.

I did warn you that I thought you’d dropped an almighty clanger!

To continue posting and in a negative vein shows you’ve realised your mistake and now want back in at sub your 2.65p sale price.

Should’ve held chum as there’s a hell of a lot more of a rise to come. The share price gains will get larger as we approach Oct/Nov just watch.

[deme1] 21/9/2019 15:10

shame it looks like you sold a lot at bottom of this cycle.

you should ha e held and gains another 10% profit!

[deme1] 21/9/2019 15:08

yet you seem to post on here daily when you have sold all your shares!

Nothing to see here according to you! Yet you seem drawn in time and time again

[goldibucks] 21/9/2019 14:35

“I fail to see any other company on AIM with the multi bag potential that JLP has”.

It has almost no multi-bag potential. Kabwe done well, after the 11% BMR royalty, and after 35% Zambian corporation tax will just about replace Hernic and Windsor PGM earnings when they ebb away 2 years from now.

There won’t be another BMR where they survive a license revocation and grind down a smaller company with tailings but no earnings.

BMR 2 will be far more expensive and risky to pull off and will refocus attention on how little money JLP make from processing net of ALL costs, i.e acquiring tailings, building plant, interest at double digit rates, and paying tax in jurisdictions where they don’t have accumulated losses, e.g. Zambia.

Jubilee is not an easy business to scale. To date it’s relied on doing bigger and bigger projects at the expense of exponentially more dilution. That model is not sustainable.

Their core business Hernic was originally a 30% profit on a £13m capital investment so about £4m of actual profit. Even ignoring how many years of £4m a year central costs shareholders would have had to pay to see Hernic through, it was a pathetic profit for such a risky venture set against a backdrop of a business rescue, dam breach, a weak SA economy, and low PGM prices (initially).

The share price raced to a multiple of the real NPV of Hernic and surprise surprise JLP couldn’t wait to spend equity, time and time again, all the way down. 1,855m shares in issue and counting.

What JLP do is NOT an easy way to make money. DCM losses and the collapse of Windsor Chrome earnings in Q2 19 demonstrate that. Keeping on good terms with the Zambian government also won’t be easy either as Glencore and Vedanta found out.

JLP is a growth trap that has sucker punched gullible investors for 17 years. If you went back to any one of those years since 2002, you’d see investors talking about JLP multi-bagging. They’ve been wrong time and time again.

Nothing is different this time. JLP will never be able to cheaply, quickly, and reliably replicate what they do enough times to grow EPS consistently.

It will eventually fail or they will continue peddling the dream of expensive alchemy and end up with a trillion shares in issue.

[sharenotes] 21/9/2019 14:18

A few red faces, no doubt:

[sleveen] 21/9/2019 12:27

Increase in cat converter thefts, PGM price increases?

[lostabillion] 21/9/2019 12:15

Someone posted a link a few days ago showing JLP’s revenue forecast between now and 2021.

Phenomenal growth and 600m Mcap easily achievable.

I haven’t the time to look back to find the link.

[nelson01] 21/9/2019 11:35

IMHO...to get there you would need a platinum price of $1500....DCM pgms and Kabwe at full throttle.

[timhigginson] 21/9/2019 11:32

Has anyone tried to do a DCF and NPV covering the next 10 years form information we already know and using an 8% discount rate?

[plat hunter] 21/9/2019 11:31

30p would be nice but then that equals a 600 million mcap without any further dilution..

I can't see it to be honest

[nelson01] 21/9/2019 11:12

Mutely...I agree, it’s a perfect storm and I have no doubt the price of platinum is
Going a lot higher and with DCM pgms still to come it’s a real no brainier.

[nelson01] 21/9/2019 10:57

Losta, I agree, within a year Jlp could quite easily making 30 million per year.

[mutley walters] 21/9/2019 10:53

There have been times I have nearly lost the faith over the last 4 years. I believe within 12 months it will have been well worth the wait. The constant relentless negativity is focussed on the past and the truth is 1000s of aim directors would not have acted no differently than Leon and Colin and it is niave to think otherwise. Remember on one occassion Colin made his shareholders a fortune and I believe Jubilee will be his swansong although I admit I have got angry at some of the things he has said on the way. There is a perfect storm brewing here and I think we will see at least 10p by this time next year. Good luck to all investors who have goodwill to others. As for the rest well my experience is that those with your disposition tend to lead miserable lives

[lostabillion] 21/9/2019 10:52

Nelson, 30p+ within 2 years (end of 2021) imo, might make it sooner than that.

I fail to see any other company on AIM with the multi bag potential that JLP has.

I will be adding again next week.

Every £1 invested here at the current share price will be worth £10+ within 2 years imo, hence my continued regular top ups.

[nelson01] 21/9/2019 10:38

And if as has been muted platinum goes to $1,100 then losta might get his 30p after all

[nelson01] 21/9/2019 10:35

Thanks Bullster, that’s an incredible $465.00 more than nine months ago. Being conservative even if we get an extra $200.00 per ounce and only produce 40,000 ounces
That’s another 8 million pure profit on top of $15 per ounce made a loss thinks we were making before....lol....what a tit.

[plat hunter] 21/9/2019 10:33

Pump up the jam, pump it up
While you feet are stompin'
And the jam is pumpin'
Look at here the crowd is jumpin'
Pump it up a little more

[1madmarky] 21/9/2019 08:08

Just need to pump up the PGMs

[bullster] 21/9/2019 08:05

.

PRILL

PLATINUM = 49%, @ $944 = $462.6
PALLADIUM = 40%, @ $1605 = $642
RHODIUM = 9%, @ $5000 = $450
GOLD = 2%, @ $1516 = $30.3


PGM BASKET PRICE PER OUNCE

12/12/2018 = $1,120
10/06/2019 = $1,215
20/06/2019 = $1,308
30/06/2019 = $1,327
10/07/2019 = $1,356
30/07/2019 = $1,372
13/08/2019 = $1,334
29/08/2019 = $1,437
30/08/2019 = $1,484
31/08/2019 = $1,516
13/09/2019 = $1,549
21/09/2019 = $1,585


All calculations done on the lower "bid" price from Kitco charts in the header.
Figures should be used as a yardstick of price movement, only.
.
.

[plat hunter] 20/9/2019 22:56

Courtesy of MoneyHawk...

moneyhawk Premium Member
Posts: 1,879
Price: 3.225
No Opinion
RE: PGM Metals bouncing back nicely!!Today 16:05
Posted this article on platinum price forecasts previously, and there is good potential that the current platinum price is an excellent sign of things to come. If the price remains above $900 for 3 months, then the target price turns bullish with a first target of $1190/oz, which they predict to happen around the end of the year. So far we're almost a month in, 2 months to go, which ties in very nicely for our audited accounts in November.

[plat hunter] 20/9/2019 22:46

I've got an idea who's in?

When this 10 bags, take 10% out and roll it into something we can pump and dump?