Jubilee Metals Share Discussion Threads

[nelson01] 18/11/2019 09:16

Can you not read the results...7500 pgm ounces per month at $344 profit per ounce.

[alpal2] 18/11/2019 09:10

I hate to say it but, krypton seems to have a good handle on the financial incompetence of Jubilee management. His prediction of placing at 3.7p was not far off the mark.

And, as demonstrated, the placing has destroyed shareholder value. If the management of the company think it's only worth 4p why would the market think differently.

If you wanted to make a substantial investmeent in JLP would you buy in the market [pushing up the price] or do a 'sweetheart' deal with Bird in an unnecessary placing?

[nelson01] 18/11/2019 09:08

I’m in for more

[kennyp52] 18/11/2019 08:58

4.1p available so took another 100k .

[niloc4] 18/11/2019 08:53

That's what I said before the first RNS update.

[gsg] 18/11/2019 08:53

From the annual report

"The chrome market historically shows a condensed price cycle compared with the PGM
industry and the Company expects chrome prices to respond positively towards H1 2020, making for additional upside potential for the chrome division earnings in the future."

[mikebolle1] 18/11/2019 08:21

I was going on about a trading statement that must be released before our year end results. Following is the JSE requirement:

"In terms of paragraph 3.4 of the JSE Listings Requirements, companies are required to publish a trading statement as soon as they are satisfied with a reasonable degree of certainty that the financial results of the period to be reported upon will differ by 20% or more from the financial results of the previous corresponding period."

Is this not the case on LSE? or, are AIM companies excluded from this requirement?

[goingforarun] 18/11/2019 08:12

Plat, wonder whether they should bring in more finance resource to bring back monthly updates on production if the uplift is going to be that quick?

[plat hunter] 17/11/2019 21:20

Robbers that is an interesting article to bring up.Current calculations blow those projections from last year out of the water.200 million EBITDA is not far off at all, imo.

[nelson01] 17/11/2019 21:18

Sentiment seems very good at the moment,after the brief setback I think it’s onwards an upwards from here. I think the share price will recover to 4.5p this week and make an assault on 7p as news of the profits filter through.

[plat hunter] 17/11/2019 21:05

The options are true, however I'm not aware of any being exercised. Perhaps he's waiting for the placing cycle to end?

[kennyp52] 17/11/2019 20:05

Is that correct Skipper ? 23 million ? Has he exercised any options ? Where can we see this in the annual reports / statutory records ? I am not disputing this but there have been a few on here adamant he has no shares .

[kennyp52] 17/11/2019 20:02

Why would we get volumes before the placing ?

[goingforarun] 17/11/2019 19:59

Let’s see if we get any volume this week!

[robers98] 17/11/2019 19:53

This presentation gives an idea of the future market Leon is talking about.

[robers98] 17/11/2019 19:41

Crux interviews now at 9k and 7k views.

[timhigginson] 17/11/2019 18:06

How does one value a growth company. Usually it is reflected in the P/E. In JLP's case this would work out at c2m profit ot 30.06 2019 * P/E=Mcapc60m. As time moves on and the growth % lessens then the P/E will fall back to say 15.
The amrket likes to look at the overall opportunity that JLP has which is now being expressed as limitless. DCM having been bought by the Chinese Leon then goes on a tour of China. As yet I have not seen any real data on the size of the market but as the responsibility of mining companies to clean up their waste gathers pace it together with the will not be long before estimates start arriving together with the life of companies undertaking that kind of remedial activities of past waste and ongoing works to contain newly mined waste. So for Jubilee 29m turnover is just a drop in the bucket. Profits for 2021 could be between 20m-25m and a positive outlook for the industry of clean up could easily see an share price of 20p. In the meantime, for JLP to really become a world leader achieving turnovers of nearer 1bn p.a roughly 10 times the current capital will be needed which will not come from existing operations. Lets hope the next share issues will be done at premia reflecting the true growth potential.

[goingforarun] 17/11/2019 17:39

Also interesting that there is a lot of conversation on these boards this weekend. Shows a lot excitement?

[nelson01] 17/11/2019 17:33

Add to that the 10 million in profits coming in the next 3 months.

[bullster] 17/11/2019 17:30

.
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If you are a prospective investor and looking in for the first time, let me draw your attention to one fact that you should research.

F/y operation earnings for 18/19 was £9.9M
My present forecast for 19/20 is £45M

This 455% jump in operational earnings, will be the largest y/o/y percentage jump we will probably ever experience.

4p a pop and such a big rise in operational earnings underway, don't hang about with researching.

.
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[goingforarun] 17/11/2019 17:14

Krypton, proof will be in the pudding. Lets see where the share price is in 6 months!

[kryptonsnake] 17/11/2019 16:56

Goingforarun16 Nov '19 - 19:45 - 16594 of 16610
0 2 0

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!



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Jubilee had close to £19 million at the end of June yet just raised £6 million via placing. Saying "Now we have cash for the future!" is silly. Others were saying that a few weeks ago and were very confident a placing wasn't needed

All this talk from Leon about share buy backs and dividends is just carrot dangling. In reality all you will get is more dilution which will slow down growth in the share price


LOLsss

[shotbybothsides] 17/11/2019 16:55

Thanks to Bullster and Billyboy2 for their workings , and while they may not show exactly the same figures , they both show the amazing growth in earnings coming from Jubilee short term.

[nelson01] 17/11/2019 16:27

And of course kabwe and Tjate.