Jubilee Metals Share Discussion Threads

[nelson01] 17/11/2019 16:18

All these projections seem quite reasonable to me and that’s without any further rise in the basket price.

[nelson01] 17/11/2019 16:08

Quite incredible when you think that just two years ago we were making a loss. Was going to buy a new motor next week but think I’m having more of these instead.

[bullster] 17/11/2019 15:39

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billyboy2fromiii,

For PGM's alone, 60k oz for f/y 19/20 i get £36M earnings to your £24.7-£27.4M

In the financial report the average earnings per pgm oz was £344 for f/y 18/19, i have lifted this to £600 because the basket has risen dramatically.

£4.5M earnings is nailed on From Windsor chrome and six months extra chrome at Inyoni for 8k per month at £90 per ton, as cost to produce is accounted for in the pgm's, so £4.32M for that. Lets forget fine chrome, copper, zinc,vanadium, so round up the chrome to £9M

My present forecast for f/y 19/20 is £45M


Windsor PGM's overproducing throws a fortuitous spanner in the works, that's why i'm hanging back with forecasts.

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[lostabillion] 17/11/2019 15:27

GFAR, it’ll sail through 12-15p soon enough.

You’ve only got to get the calculator out as Billy & Bullster have done to see that the share price is heading substantially higher.

Like I said 20p before end of 2020 and 40p plus within 2 years.

Could be way north of 40p with the pace of growth and new projects added.

This is just the beginning.

Billthebank
Thanks for highlighting EUA but I’m staying here until we hit the 40’s and if the company is still the front runner in this new metals segment I’ll be staying around for longer.

[goingforarun] 17/11/2019 14:18

With all this coming on stream within such a short period 12-15p a share doesn’t seem unreasonable!

[robers98] 17/11/2019 14:11

Add in 2 fine chrome units that should come online before Kabwe. Also the chrome at inyoni most of the costs are already picked up in the pgms cost, so more straight to the bottom line.

[billthebank] 17/11/2019 13:51

Losta Watch EUA!!!!! I am still here as expect 15p in the next 12 months but EUA could be a monster. Prices at 3.5p presently

[goingforarun] 17/11/2019 13:40

And assume this would all be pre Kabwe?

[plat hunter] 17/11/2019 13:14

I took the liberty of cutting and pasting Bb2...Hi,Based upon my earlier posts, adding the project revenue together and the project earnings togethermy 2019/2020 revenue projection is between £60m (17.5, 19.8, 12.9, 4.2 and 5.6) and 61.4m (18.1, 19.8, 12.9, 4.2 and 6.4)my 2019/2020 earnings projection is between £24.7m (9.1, 6.9, 2.7, 0.4 and 5.6) and £27.4m (9.4, 6.9, 4.3, 0.4 and 6.4), NOT accounting for the higher Shard figure on Inyoni chrome.I am interested if anyone can help me with any errors or input etc.Regards, BB2.

[billyboy2fromiii] 17/11/2019 12:30

Bullster,

I have done some 19/20 revenue and earnings projections over on LSE. Just wondering how they compare to your own figures? Regards, BB2.

[amaughan1] 17/11/2019 12:03

In 6 months time when the share price is around 9p we will probably have a placing around 8p bring it on

[1madmarky] 17/11/2019 10:23

Shot- remember that there is a delay between producing, selling and more importantly being paid.
It's a question for the AGM, what exactly contributed to the earnings.

[plat hunter] 16/11/2019 22:43

Sounds about right to me for the period in question.DCM isn't actually contributing much at the moment.

[shotbybothsides] 16/11/2019 22:37

In this interview Leon repeats the figure of $3m plus earnings for the july - sept period. After the comment in a previous rns of $1.4m earning at Hernic for September alone, does this $3m+ figure for the group not seem a little low considering we were told Dilokong fine chrome turned profitable in June and Windsor PGM had produced 1.3m oz August with expected 2.2m oz Sept ? Anyway the next couple of quarters figures should blow previous earnings out the water !

[kennyp52] 16/11/2019 20:54

Goingforarun ... that is a rational assessment of the situation . Lots of profit being added . share price will stagnate for all of a week then IMHO start an upward curve . There are some very bitter and poorly judged comments on here IMO .

[goingforarun] 16/11/2019 19:45

Personally been thinking about this. Happier to take an 8% placing above 4p as opposed to 3p which is where we were only a few months ago! Now we have cash for the future!

[nelson01] 16/11/2019 17:27

If you don’t like it deme, sell up

[deme1] 16/11/2019 17:18

Losta upping his game from 20p to 40p.

wish I was as optimistic as you!

At the minute the only doubling i can see is the shares in issue

[call me a cab] 16/11/2019 17:14

I think I’m having a deja-vu.

People saying “I’m out” and then posting “reasoned̶1; arguments why this company will fail.

That tactic didn’t work out too well for Goldy.....

[lostabillion] 16/11/2019 15:25

Hello Glitter, My story is very similar to yours.
I started investing in JLP when the share price was in the 40’s and added substantially in the 1’s, 2’s & 3’s.

I can see the share price hitting the 40’s again before the end of 2021.

Very happy to watch this growth story pan out over the next couple of years and beyond.
There is no other company on AIM that I can see that will offer the returns that JLP are going to achieve in the very near and mid term.

Watch the two Crux interviews for an insight into the magnitude of what is happening.

[plat hunter] 16/11/2019 15:07

Placings at this stage of a companies life are not only necessary but welcomed.

Did you really think PI's were going to cough up the required billion, to take this to the 10-15 multi baggings?

[sleveen] 16/11/2019 13:57

eblitz1 agreed.

[mutley walters] 16/11/2019 13:42

I agree Eblitz the way they handled this was plain stupidity and avoidable. It will reinforce mistrust about their desire to be honest and transparent. I do not agree that the debt levels will overstretch them and doubt the iis would have come on board if that was the case. I am hoping to see above 7p by mid 2020 and may a lot more going I to 2021. The frustration is as always lower short term so and longer investment horizon

[eblitz1] 16/11/2019 13:19

Hi Sleveen
I agree with you totally TBTT is like all of us frustrated about the Share Issue and that he thinks he should be treated the same way as II which never happens.
I'm not so annoyed about the Share Issue it's more how it was done. If Leon had made a statement when the RN came out about the Chrome deal and said we are placing XXX to pay for some of it and then the next day or so shown last years figures the shre price would be nearer 5p now. It's the bloody packaging of the whole product that is wrong not what's inside it. That is where they have been naive and to me wrongly advised.

If they had another Placing in 6 months of £20 million to buy £100 million of copper tailing's how could anyone argue

[eblitz1] 16/11/2019 13:13

Hello Glitter
Nice to hear from someone new. Your point about having an FD is good and will be challenged at the next AGM. May I also say that your point repeated about Leon going is something you could say about most small Companies and to me it's not really worth drilling down on. Nowday's the PLC's call it succession management so the Company can still operate and I see no different situation here. It would be physically impossible for Leon to do everything in the 5 areas that JM operate in at the moment plus do all the other work like meeting the city going to China and looking after Government people. I think your digging a hole that you don't need to look into but I fully understand that you were burnt in another Company Good Luck