Jubilee Metals Share Discussion Threads

[lostabillion] 24/9/2019 16:10

Deme1

I hope he buys back in before too long!

He sold 5m at an average of 2.9p and will now have to pay in the region of 3.9p to buy that many back.

Absolutely mad to sell right at the bottom but perhaps he needed the money for something else?!?

[deme1] 24/9/2019 16:06

Well done Lost

That is a remarkable holding you have there, I hope you gain some respect from the BOD

You should be invited to their staff parties ;)

PS can you loan some to goldi, i think he is missing not being a shareholder.

[lostabillion] 24/9/2019 16:04

Up she goes :-)))

[lostabillion] 24/9/2019 15:58

I’m now the proud owner of 22,250,000 shares.

Very much looking forward to the months ahead.

[mikebolle1] 24/9/2019 14:54

Thanks Bullster, you make my life much easier.

[bullster] 24/9/2019 11:45

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Windsor transport costs




Calculation removed, will submit another one later.

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[9tintin] 24/9/2019 11:14

Bullster

Point taken - I wasn't being critical, just curious as to how the numbers had jumped compared to previous quarters.

Thanks for your efforts much appreciated - by me anyway :))

tintin

[bullster] 24/9/2019 11:06

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9tintin,

Apart from my estimated column in that chart, all data was extracted from figures given in RNS, note the Q4/18 earnings per pgm ounce of $525 per ounce.

No, i haven't calculated the transport cost into the estimated column because most of it is from Hernic.

(everyone) DON'T get over critical over estimated figures because there are some large swings which are beyond prediction, 25% swing on cost to produce, 10% swing on currency, 50% swing in basket price, etc etc.

Concentrate on KABWE, it's going to create 80% of the value of current JLP operations. gl.

edit...... thanks 9tintin for the following post, i have added part in brackets to avoid making it seem i was singling you out.

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[bullster] 24/9/2019 10:49

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JLP said 10,000 pgm ounces per year, but with the new revelation that the share is 67/33, this puts it in doubt.

It could be 15,000 pgm ounces per year.

Thanks to Leon withholding information, the way that he does, and springs it on us late in the game.

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[9tintin] 24/9/2019 10:45

Bullster

Thanks for the link to your chart - I must have missed that.

Is there a specific reason why you have estimated the production costs in the second half of 2019 to rise by 50%?

Is that down to transport costs (Eland)

Cheers

tintin

[bullster] 24/9/2019 10:35

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billyboy2fromiii,

JLP have said 835oz per month

74,000 divided by 835 = 88.6 months

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[bullster] 24/9/2019 10:22

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9tintin24 Sep '19 - 09:50 - 14841 of 14843

Bullster

Hi, how have you computed the earnings figure of $530 per oz?

.......................................................

SEE LINK BELOW.



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[plat hunter] 24/9/2019 10:14

Yeah current stockpile is around 2.5 years.

Both DCM and hernic are operating at low capacity currently.. The future business strategy of these projects relies on the 3rd party material being collected and processed at DCM, Hernic and Windsor.

DCM on it'so own is huge... The government have essentially instructed the Chinese owners ASA metals to increase production and local hires by around 10 fold over the next 2 years.

This for me is one reason why the share price has not yet taken off. Given that the projects on the ground are profitable they are finite in nature. The market imo wants to see new JV's being added as we go.

[plat hunter] 24/9/2019 09:59

Kenny, that's the kind of question as to why some people think you're an idiot...

But I'll explain for you none the less... Instead of trying to catch a knife and chasing a loss as a share price falls.. merely wait for the base or a trend reversal and average as the trend is going in the opposite direction.

You don't waste money trying to guess a bottom and you don't lock capital away unnecessarily as you wait a turnaround in fortune.

[billyboy2fromiii] 24/9/2019 09:54

Hi Bullster,

Ok, I see now. So approx $22m profit after capex returned (at today's rough prices).

What have they said as regards target annual production? I.e. How many years are we expecting this to be spread? At 30k oz pa, it equates to two and a half years. Or are we expecting a smaller operation spreading it out over longer?

Regards, BB2

[9tintin] 24/9/2019 09:50

Bullster

Hi, how have you computed the earnings figure of $530 per oz?

THX

tintin

[bullster] 24/9/2019 09:25

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billyboy2fromiii,

JLP get their $6.6m capex back, on top.


(............................ $39.22m .............................)
(... $6.6m...)(.....$21.86m................)(.....$10.87m..........)
(.......$28.46m JLP........................)(......$10.76m DCM.....)
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[marmar80] 24/9/2019 09:23

Looks loke I'm way longer here than you kenny

[sleveen] 24/9/2019 09:23

"Never sell a rising stock"...old stock market adage.

[billyboy2fromiii] 24/9/2019 09:16

Hi Bullster,

Should that not read $21.85m earnings to JLP (67% OF $32.62M) and $10.76m (33%) earnings to DCM?

Regards, BB2

[kennyp52] 24/9/2019 09:15

How do you average down on a rising share price ? That’s something I would like to know

[marmar80] 24/9/2019 09:11

If it proves the potential then Im averaging it down. Will wait for next results.

[niloc4] 24/9/2019 09:01

Great presentation. Will be watching the timelines with a close eye. Looks like great potential.

[bullster] 24/9/2019 08:39

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Sibanye Stillwater take over JLP PGM sales from Lonmin.

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