Jubilee Metals Share Discussion Threads

[bookwormrobert] 14/11/2019 19:04

Well, I'm out. And I don't think I'll be coming back here, either.
There are many things I don't like about today's results and placing; but chiefly I'm off because of management's deceitful reporting and evident contempt for their shareholders. It's the reddest of red flags for me.
Yes, there is the possibility of growth here over time. But the company has problems generating true free cash flow, and therefore it needs to raise equity over and over again to fund new projects. It seems obvious to me that the Kabwe convertible loans will be converted in due course to yet more shares, and that more money (i.e. equity) will have to be raised to fund Kabwe (the money raised for it has just been spent on Hernic / Ilyoni). That's going to knock the stuffing out the share price for at least six months.
I also think that most posters on here are underestimating the substantial business and jurisdictional risks involved, and therefore overvaluing the company.
No complaints - I've made good money here. But, all in all, Sylvania Platinum seems a far more sensible investment right now.

[plat hunter] 14/11/2019 18:50

Thinking about my next (JLP) and cone across Cora Gold.Will need loads of cash, loads of placings to come and the typical post drilling pump and dump has already happened.Going to keep my eye on it as it moves towards construction phase and try to get it under 3p.

[kennyp52] 14/11/2019 18:33

New share issue massively over subscribed at 4p ... suggests a quick return to 4.4p . Positive earnings confirmed and audited confirmation of profit . Hernic or fekin Iyoni or whatever they want to call it next ... going to add significant free cash flow . What’s not to like ? 🤓

[otemple3] 14/11/2019 18:30

The announcement 'later today' is clearly the placing which must have been post interview so nothing to get excited about

[robers98] 14/11/2019 18:21

Need the rest of the interview!!!

[nelson01] 14/11/2019 18:12

Krypton....how is your average on BMR and WRES....lollsssssss

[plat hunter] 14/11/2019 18:06

Clear double op on the chart now though

[plat hunter] 14/11/2019 18:04

Great find Deme...

Enjoy the ride fellas, this is exactly how BMN got pumped to 50p

And that was whilst they doubled the amount of shares in issue too

[juju44] 14/11/2019 18:02

As plavings go this was not a bad one . I can live with it

[goingforarun] 14/11/2019 17:59

When did that Twitter go out? Is there a question of confidentiality here?

[1madmarky] 14/11/2019 17:58

Eastplats would be very convenient... at the right price of course

[1madmarky] 14/11/2019 17:57

Deme1- I like the...they have another announcement coming out later today, lets see how the market reacts....

[gsg] 14/11/2019 17:45

With the rate of processing at Eland, JLP are going to have to find more tailings to shove through.

Maybe some of the extra cash could go towards the PGM's from Eastplats Crocodile River tailings?

[kryptonsnake] 14/11/2019 17:31

right again


LOLsss

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kryptonsnake
5 Nov '19 - 16:34 - 954 of 1047
0 1 0

This is going to do the downward dog next week

Jubilee has spent too much cash and will need to place this year

3p target


LOLsss

[rescuer] 14/11/2019 17:24

thank you Fozdad

[kryptonsnake] 14/11/2019 17:20

Does Leon have any intention of paying back the loan for sable?

Will the debt get swapped for equity?

Another large amount of dilution on its way


LOLsss

[kryptonsnake] 14/11/2019 17:14

The only reason they had such a big cash pile is due to the money they raised for sable

Then they go spend £21 million and still owe money for sable. Alarm bells are ringing

If they buy anymore assets they are going to need another placing early next year

3 billion shares in issue coming. That's plenty for them to buy back with shareholder money

SHAFTED AGAIN


LOLsss

[aceshi] 14/11/2019 17:11

Gotta keep issuing shares to fund new projects to attract new investors.......novel business model, remind me again, how does the story end. .

[plat hunter] 14/11/2019 16:58

You was saying that when we only had DCM and Hernic

[deme1] 14/11/2019 16:47

robbers

I for one do not want any other deals!

Just get on with the ones we have and stop issuing shares!

[fozdad] 14/11/2019 16:40

Rescuer, there will be an ops update in late January

[lostabillion] 14/11/2019 16:40

Tried to buy a few more just before the bell but funds didn’t transfer to dealing account in time :-(

Will have to wait until tomorrow now.

[robers98] 14/11/2019 16:24

Might find other deals are freed up now we have even more cash. Recent management decisions have shown a multiple return in future cashflow.

Fine Chrome sounds ready to go & improve a number of company balance sheets. Would think we could hear of something prior to the AGM.

The delays at the start of the year at Eland have caused the need today to raise additional monies.

[cernunnus] 14/11/2019 16:20

Thank you rescuer. i would think there should be a gradual increase in share price up till march then.Great times ahead.