Jubilee Metals Share Discussion Threads

[freedom97] 08/11/2019 08:26

Excellent notes Billyboy, much appreciated, many thanks for taking the time to write them up.

[gsg] 08/11/2019 08:14

No worries Bullster. Crux also have their own Youtube channel with all of their interviews listed

[deme1] 08/11/2019 08:13

Does not look like Colin has inspired anyone to buy.

Looking forward to the interview with Leon.

Thanks Billy

[bullster] 08/11/2019 08:10

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Thanks GSG, the interview should appear on the link below, later.

I have listened to a couple, they're similar in style to VOX Podcasts.




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[gsg] 08/11/2019 08:03

The Crux interviews are normally like an in depth, one to one interrogation.

Looking forward to see how Leon performs. I'm sure he and Jubilee will come out of it really well.

[bullster] 08/11/2019 07:43

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Thanks to Billyboy2fromiii, for taking notes at last nights investor presentation in London.

Copied from LSE bulletin board.


Hi,

I attended last night so thought I would share my notes/thoughts...

Upon my early arrival I was told that Leon was in London and was now hoping (but not certain) to attend. Sure enough, Leon was there. Colin still did the presentation (joking it was a treat for a recent birthday).

Updated Q4 2019 presentation was used (packs handed out) which I assume will be on the website later today. To be honest, this Q4 presentation pack is very much based upon the existing Q3 presentation with the odd addition but no new production or earnings figures.

Colin spend most of his time telling the backstory of Jubilee and the opportunities now presenting to Jubilee from this new industry. Some of his comments... "Jubilee have not pushed anywhere near where we are going to go", "Making very serios money", "only the beginning of Jubilee" or to that effect.

Colin spoke of how selective Jubilee are with their employee's, what a great team they have and that how well Leon has done in running the Company since 2010.

Colin batted away generic concerns that projects are too short duration suggesting the opportunities are massive, one billion tonnes of "secondaries" in Zambia alone. First mover position, massive industry etc.

Colin mentioned the chrome price of $137 (all time low). Please read the Shard Broker note as regards the effect an increasing chrome price will have on earnings.

Many approaches from Companies for Jubilee to work with....

Colin suggested the chrome deal's contribution to earnings would be $800K pm ($10m pa) with no capital/opp cost.

Asked about financing the chrome deal he mentioned "extending convertible?" Asked directly about a placing, he said he obviously could not comment on that.

Colin said he and Leon are bullish on platinum. Interestingly said that the fuel cell and not electric cars (interim solution)will be the future, he said his thoughts were backed up by the Chinese. "Talking to people who will eventually want Tjate" but no rush and Tjate will be very valuable in a few years.

Asked about expansion plans, Colin said they are aware of the dangers of too rapid growth and keen to grow within means. Prefer to grow with things closer to home and with things that they currently know about rather than going across the other side of the world into the unknown etc.

Although the actual presentation did not have new numbers, Colin verbally estimated £15m earnings this year, £20m-£25m next year followed by £40m-£45m. When questioned that this may be conservative he said that his figure were not an actual forecast and if brokers/analysts think more then great.....

Colin mentioned 60K-80K PGM oz production next year without being specific.

Copper by the end of this year (I thought this had already started?).

So, as you would expect, nothing new materially disclosed. It is very evident that this is Leon's (and his team) baby and Colin is very happy to let Leon get on with it. I know Colin is not everyone's cup of tea but he presented well, a good salesman and he sold the story very well.

I am very confident to hold here and let Leon get on with continuing his good work. The opportunities here over the next few years are immense.

In addition, Riverfort Global Opps presented earlier in the evening. The used Jubilee as an example of a Comoany they had previously provided finance to (Hernic). They referred to Jubilee in their presentation as AN EXTREMELY IMPRESSIVE COMPANY.

Cup of tea time and I will then post details of my chat with Lean after the event.


I did manage to speak to Leon after the event but time was tight as he had already been told he had to go to get his plane.

Please appreciate that time was tight and he was obviously guarded on what he could and could not talk about...I could not make notes so below is based upon memory along...

Firstly, he is a very impressive person. Extremely confident. I thanked him on his work to date but he said that it was not him, it was him AND his team (Colin also talked of the Jubilee TEAM).

The Windsor update will be next week, Leon seemed surprised that I said I had been expecting it this week. I will not quote the exact wording but I am expecting a very good update on Windsor!

DCM PGM approval still waiting. This, I understand, is down to the authorities having to confirm exact prior ownership(?) but "will not (hopefully) be too long".

Leon said the analyst at Shard had been very astute on a site visit in understanding the apparent excess plant nameplate capacity at Windsor PGM. Please read the Shard Broker note regards this. My understanding is that there may be even more capacity that quoted by Shard! This bit got a bit technical for me, to be honest.

I asked Lean why we never seem to report a PGM basket price and that it is often hard to understand breakdown of figures etc. He said that had been taken on board already. He agreed that previously Jubilee have wanted to keep certain info to themselves rather than shouting about it. However, he seemed to say that the next report will be much more specific and detailed. The need for "secrecy" seems to have passed. He agreed that it was important to people to now understand the Jubilee story.

Leon was then reminded (again) that he had a plane to catch and left.

Just remembered, Colin referred to the Chrome deal as "buying $85M with $16m".

If I think of anything else, I will add later.

Obviously, the above and previous comments are based upon my notes and memory. Please do your own research!!!!

Regards, BB2.

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[frogkid] 08/11/2019 07:23

Cheers Billy Boy,

[boris cobaka] 08/11/2019 07:19

Good to get accurate, in depth commentary about the company second or third hand instead of via the official company runs. Very professional and midcap I might add....

[danieldanrichardson] 08/11/2019 07:17

Re-rate for billybob plc.

[lostabillion] 08/11/2019 07:10

I second that.

[1madmarky] 08/11/2019 06:34

Thanks billyboy2fromiii , much appreciated

[billyboy2fromiii] 08/11/2019 06:30

Hi,

I attended last night and have just put four posts up on the other site regarding my notes from Colin's presentation and my conversation with Leon after the event. Regards, BB2.

[lostabillion] 08/11/2019 05:54

BillyBoy over on L S E board attended last night.

[1madmarky] 08/11/2019 04:49

Would be nice to know if we would be able to process 3rd party ore at Hernic, assuming that there is material available locally of course.

[1madmarky] 08/11/2019 04:46

Boris "damage done "? Not really getting what your on about. There is a perception that JLP over pay for the chrome, I'm in that boat to some extent although it should pull in $10m per year for the next 3 years at least.

[1madmarky] 08/11/2019 04:41

GSG - much appreciated

[boris cobaka] 08/11/2019 00:41

Actually since the last rns it's up 30% in the last 6 weeks. It's still good but I do wonder about the timing of the release of the last runs and the issue of the shard note. Someone threw a spanner in the timetable perhaps.

Anyway the damage is done. Shame though as the next news release will need to recover a fair bit just to get back some lost ground.

Anyone know if any of the $50mil facility has been utilized?

Fingers crossed for today's update...

[trader365] 08/11/2019 00:16

The share price is up 50% in 6 weeks, but you always get the Clown...

kennyp52
whatever doubt is holding this down will IMHO be removed if they announce no equity placing is needed

kennyp52 is the Biggest Clown on ADVFN

[the skipper] 07/11/2019 23:59

Leon must have had a very good reason for arriving late. Maybe a closed door meeting with II's or a tete a tete with Glencore? Rumour has it that he met them last time he was in London.

[bullster] 07/11/2019 23:20

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CRUX Asset Management Ltd, bought a maiden 5.33 million JLP shares on the 30th September 2019, don't know if they are linked.


GSG
"Leon was also at the presentation and answered some questions once the presentations had finished, which was a bonus. Leon has recorded an in depth interview with Crux Investor which will be put out tomorrow".

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[gsg] 07/11/2019 23:15

Always,

Leon only got there late, as he had other commitments. It was uncertain as to whether he would make it, however he turned up to do some networking at the end together with Colin. IMO he did'nt need to do that, so I was grateful to them both.

[alwaysevolving] 07/11/2019 23:11

Great stuff. Cheers GSG, much appreciated.

I wonder what the reason was for Colin doing the presentation if they know Leon was also going to be present? Had understood he was other wise engaged.

[gsg] 07/11/2019 22:52

Colin presented very well to a packed room. The deal for the chrome ownership at Hernic is inspired imo. Colin re-emphasised how JLP had progressed from consultant, to contractor, to owner of their own projects.

He said the best thing he ever did was to bring Leon into Jubilee and hand over the reigns to him in 2010.

Leon was also at the presentation and answered some questions once the presentations had finished, which was a bonus. Leon has recorded an in depth interview with Crux Investor which will be put out tomorrow.

[shotbybothsides] 07/11/2019 22:14

Andrew Scott
@AndrewScottTV
·
58m
#JLP
Great to have Colin Bird presenting at our event tonight in London telling the
@Jubilee_Metals
story ...
@proactive_UK

At least the room looks pretty full - the first picture looked like Colin was presenting to one man and his dog

[gsg] 07/11/2019 21:49

Losta. It will not be tomorrow imo.