Jubilee Metals Share Discussion Threads

[ginko3] 28/1/2020 13:29

Never had you down for a rag 'n bone man Bully :-)

[adejuk] 28/1/2020 13:26

the printing presses are running
a bit more or a bit less won't matter much in a year

[bspgamer] 28/1/2020 13:20

Hopefully some of you had a peep

[bullster] 28/1/2020 13:09

.
.

billyboy2fromiii,

Give me a hour as i'm busy with my horses.

But i think you are on the right track.

p.s. i will get back to the SLP poster, also.

.
.

[bullster] 28/1/2020 12:59

.
.

tim000,

Look at the cost to produce figure, that will answer your question.

The $544(2) indicates for 2 operations, see how it has increased from Inyani alone. this reflects the share.

Work on 85/15 split and you won't be far out.

.
.

[billyboy2fromiii] 28/1/2020 12:56

Bullster,

If you read the 14th Nov RNS again (very carefully), it would appear that TOTAL PGM was 5,000 and NOT Windsor pgm. I wonder if Nov is actually 5,000 in TOTAL PGM. If that is correct, is still leaves just over 2,000 PGM from Windsor for combined Oct and Dec. The figures do not add up unless production at Inyoni is (well) below 2,250 per month

BB2.

[aceshi] 28/1/2020 12:52

Platt "Watch JSE today" Yep, we're watching, its 82 cents and highly unlikely to reach your 90 cents, in the near future. Sounds like another "5p by Friday" to me. Lets see.

[bspgamer] 28/1/2020 12:49

GEO seems to be moving well large volume for once

[bullster] 28/1/2020 12:48

.
.
billyboy2fromiii,

I did the math as you did, something aint what it seems.

Over 5,000 ounces for the month of September alone, was quoted in an earlier rns.
Now we see over 5,000 for November alone, i think they only managed it for one month, which would fit better into our calcs.

Leon has a habit of headlining a period to mislead us punters.

.
.

[billyboy2fromiii] 28/1/2020 12:29

Hi Metis,

Because, the figures do not seem to add up.... assuming 2,250 per month for Inyoni gives 13,500 for six months. If you add in 5,000 for Windsor alone for Nov that makes 18,500. We have already been told that Sept was in excess of 5,000 (which I originally thought was again for Windsor, alone but now assume it must be combined)that takes us over the stated 21,082 for the six months and we have not added any Windsor PGM for Oct and Dec. These figures do not add up to me. Assuming 13,500 for Inyoni, there is only 7,582 for Windsor for Sept, Oct Nov and Dec combined!!!!

Thoughts anyone???

Regards, BB2.

[tim000] 28/1/2020 12:28

I'm a JMG shareholder, who hasn't posted before. As I understand it, Windsor is a JV with Eland. I suspect that the hitherto announced September production figure of 5337 ozs PGMs was just for Windsor, but prior to the production/profits share distribution to Eland. The precise shares of JMG and Eland are unknown, but the JMG production figures for H2 2019 suggest maybe 50/50? I agree there is a confused picture here and it would be worth seeking further information from the company or its advisors.

[kennyp52] 28/1/2020 12:18

Thanks to those posting information ; to those just here to bad mouth the share .. grow up . Good job we do have the PGMs which in terms of profitability should dwarf the chrome issue ? Be nice to have some figures alongside these releases but the company have chosen to avoid doing too many of these which is disappointing in such a critical time for the company . I am assuming , and it seems some more informed guys on here are confirming this , that the production is not up to expectation or is certainly not exceeding it , and the opportunity has come again for investors to have a wobble . Its a frustrating share that goes without saying but the forecasts and the amounts coming into production with improved profit share , etc. ---- I'd love to see a 12 months projection . Still holding with confidence .

[metis20] 28/1/2020 12:17

billyboy

why do you, for November "assume that this means that TOTAL COMBINED PGM from Inyoni AND Windsor was 5,000 oz."

when the in the RNS it was stated that

"The Group's second PGM project, Windsor PGM Operations, came into operation during August 2019 reaching stable production exceeding 5 000 PGM ounces produced for the month of November 2019 alone."

[billyboy2fromiii] 28/1/2020 12:15

Bullster,

You comments earlir seem to suggest that you were thinking (like me) that Windsor had produced 5,000 PGM oz in September alone. Please read my earlier post and comment. Windsor cannot have produced 5,000 oz in Sept otherwise the total 21,082 six months production figure do not add up!!!

Can you please explain your earlier Jan 2000 to June 2000 projection of $50,400 earnings.

BB2

[alpal2] 28/1/2020 12:14

Market reaction to results astounds me. What were people hoping for that they have decided to sell, sell, selll.
Would love to know how many of the current sellers are those who took part in Colin's last fundraising. Did they just decide to pocket the small profit and wait for the next confetti shower to get back in?

[metis20] 28/1/2020 12:07

Bullster - is there any info anywhere about the make up of the PGM basket? -

in particular the percentages of the PGM basket that are Pt Pd Rh?

I am in SLP, where that info is available.

I estimate an AVERAGE increase in gross basket price for SLP so far this month of cUSD500 due to rise in Pt, Pd, Rh. That is mainly due to the very large increase in the price of Rh this month.

[billyboy2fromiii] 28/1/2020 12:00

To be perfectly honest, I am disappointed with the PGM ounces delivered. For the period 1st July to 31st Dec, 21,082 PGM ounces were "delivered" which I assume means produced.

Working on Inyoni producing 2,250 oz per month (I was actually expecting an increase for Dec to reflect we were now in full control of the processing from the RNS in Nov), that would give 13,500 oz for the six month period without allowing for any Dec increase.

I have obviously misunderstood the wording of the 14th Nov RNS and thinking Windsor had produced 5,000 PGM oz in September alone. Having reread this RNS it is apparent the TOTAL COMBINED PGM from Inyoni AND Windsor must have been 5,000 oz in September. So by deduction, it would appear that Windsor must have accounted for approx. 2,750 oz in Sept.

We are told in today's RNS that...... Windsor PGM Operations, came into operation during August 2019 reaching stable production exceeding 5 000 PGM ounces produced for the month of November 2019 alone....... again, I read this to mean that Windsor had itself produced 5,000 PGM oz. However, I assume that this means that TOTAL COMBINED PGM from Inyoni AND Windsor was 5,000 oz.

Taking a total 21,082 and an expected 13,500 from Inyoni that leaves 7,582 from Windsor for the period. The above Sept and Nov figures indicate Windsor to be approx. 5,500 oz which only leaves a total balance of 2,082 oz for Windsor for combined Oct and Dec which obviously seems very strange when compared to Sept and Nov.

Alternatively, PGM production at Inyoni has been well below the anticipated 2,250 per month????????

Again, today's RNS states....Combined PGM processing capacity expanded 3 fold to 170 000 tonnes per month targeting 6,000 PGM ounces per month. So if Inyoni is targeting approx. 2,500 to 2,750 oz per month from Dec then Windsor must be targeting approx. 3,500 to 3,250 oz per month going forward.

So basically, I am struggling to understand the make up of the 21,082 PGM ox for the six month ended 31st Dec.

Was anyone else expecting more than 21,082?

Regards, BB2

[mark of the rushes] 28/1/2020 11:57

Bullster:

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

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

What's the bbi right now please?

[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."