Jubilee Metals Share Discussion Threads

[metis20] 28/1/2020 11:54

"The benefit of our multi-metal strategy has been clearly demonstrated over the period supported by our leading in-house technical and operational excellence. Our PGM operations delivered record earnings on the back of increased production and metal prices while our chrome operations showed their resolve maintaining positive earnings against much softer chrome prices delivering increased output and higher efficiencies.

[freedom97] 28/1/2020 11:48

"Multimetal strategy paying off for Jubilee":

[freedom97] 28/1/2020 11:41

"Jubilee Metals Makes Strong End To 2019 On Continued Growth(Alliance News) - Jubilee Metals Group PLC on Tuesday reported a strong rise in earnings and ...":

[the skipper] 28/1/2020 11:35

Just spoke to my contact at Shard and they are completely flummoxed by the reaction to this RNS. Analysts are currently getting to grips with it and should have a new note out tomorrow.

[metis20] 28/1/2020 11:24

"The PGM basket price has appreciated during the period driven by the shortfall in the supply of PGMs to meet industry demand. With no new significant supplies of PGMs targeted in the short term by the industry the positive momentum in the PGM basket price is expected to remain. Jubilee has reacted to the increased metal prices by significantly increasing its production rates."

[1madmarky] 28/1/2020 11:15

First 6 months worth almost all of last year... pretty good really.

[kryptonsnake] 28/1/2020 11:12

Smart money moving to WRES now. 3.4% up

Sub 4p coming in the next couple of months by looks of it


LOLsss

[boris cobaka] 28/1/2020 11:11

The silence of the Uber bulls is deafening.

[plat hunter] 28/1/2020 11:08

People need to learn to chill out, only rockets travel in straight lines before they fall back to earth.All I see is the same company trading in it's established range.

[adejuk] 28/1/2020 10:58

not likely

[the bull] 28/1/2020 10:36

this goes under 4 and I am adding

[tel5] 28/1/2020 10:35

This is down in bargain base material now surely cant be sellers at this level !!

[bullster] 28/1/2020 10:30

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PGM profits will rocket, for this 6 month period.

The average BBI for this period reported was $1,584 per ounce.

The average BBI for H1/2020 could be $2,300 per ounce.

With an increase to 50,000 tonnes per month of feed, Inyoni can deliver 2,500 ounces.
I don't know if Leon will carry on with the 5,000 ounces per month for Windsor, so i'll assume 3,500 for now.

Inyoni; 2,500 x 6 = 15,000 pgm ounces
Windsor 3,500 x 6 = 21,000 pgm ounces

36,000 pgm ounces x $1,400 per ounce

$50,400,000 earnings

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[freedom97] 28/1/2020 10:19

Excellent update today, well done Leon & Team.

Fund managers will no doubt be looking to buy in here if they haven't already started, as they now have proof Jubilee is growing by the day and most importantly net profits are growing. Perfect time to get onboard while Jubilee is just at the beginning of there growth potential.

As Leon says:

"We are consistently delivering on our strategy of diversifying earnings across multiple commodities and jurisdictions and I look forward to updating shareholders as we head into a new year and continue to advance our rapid growth strategy."

Diversifying! is what protects the company, just like at the mo chrome prices are low but pgms are high. Some pi's stupidly focus on anything negative rather than looking at the FULL PICTURE!

"Jubilee Metals posts 74% increase in revenues as production from Windsor hits its stride
Jubilee also produced its first copper at the Kabwe project in Zambia...":

www.proactiveinvestors.co.uk/companies/news/911636/jubilee-metals-posts-74-increase-in-revenues-as-production-from-windsor-hits-its-stride-911636.html

[sleveen] 28/1/2020 10:18

I recall posters predicting PGM earnings of $10-12m and significant chrome earning on top like a cherry on the icing.

Now if the share price had run up on those expectations then the share price could drift below 4p assuming Bullster's prediction of a loss on chrome trading to date and possibly going forwards until a chrome price recovery.

IMHO.

[1madmarky] 28/1/2020 10:16

With others being forced to cut chrome output, it won't be long before the price rebounds. In the mean time indecent offers for historic chrome tailings :-)

[scrappycat] 28/1/2020 10:14

Could be more II purchasing driving the price down, with the MMS accommodating them.

[deme1] 28/1/2020 10:13

well done Leon and team.
Shareholder value ;)

[undertaker] 28/1/2020 10:06

not getting any of mine!

[bullster] 28/1/2020 10:02

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The Skipper,

The market seizes on headlines, even out of proportion , to knock down values. It's their chance to covertly accumulate.

You know how it goes.

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[kryptonsnake] 28/1/2020 09:56

4p is imminent


6p takeover bid


LOLsss

[the skipper] 28/1/2020 09:50

Bullster even if chrome was starting to run at a loss, that is absolutely dwarfed by the increase in revenues from PGMs and what's coming onstream at Kabwe/Sable Zinc.

The company deserves a big slap on the back for what it has achieved operationally imo and I strongly suspect that the market makers are concealing buys this morning for later publication so that they can harvest stock from weaker hands.

Shard note coming later and possibly another Crux interview?

[boris cobaka] 28/1/2020 09:43

Bid target?
There'd be quite a few who'd settle for 10p and I don't mean traders.