Jubilee Metals Share Discussion Threads

[plat hunter] 28/1/2020 16:18

I would think so Bull, the industry average is much higher.

[adejuk] 28/1/2020 16:09

bull
no
i hold 25% of today's trades
there is no cause for angst here

[scrappycat] 28/1/2020 15:54

From the broadcast by Leon on Stockwatchers, it seems that only two months earnings from Windsor are applicable to the period. Presumably, November/December. Prior to that, presumably they were working on the plant as a whole. For the future, it seems that PGM 5000 oz/month from Windsor can be assumed. Also, he seemed confident that Chrome prices have bottomed out. Those printing presses keep rolling.

[1madmarky] 28/1/2020 15:41

Sleveen....here here!

[bullster] 28/1/2020 15:29

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I see JLP'S PGM operations, maxing out as follows:

INYONI ; 2,500 oz per month
WINDSOR ; 3,000 oz per month
DCM ; 1,000 oz per month (if we buy 100% rights)

6,500 x $1,400 = $9,100,000 gross earnings per month

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[sleveen] 28/1/2020 15:22

Clear figures that don't obfuscate, which might contribute to building investor confidence and underpinning the share price

I just find it very irritating.


Must be buddies with Michael Masterman :-)

[adejuk] 28/1/2020 15:19

i think we should calm down
we have waited nearly 20 years to be here
who cares about ano 6 months
this is a license to print money in the next few years
unless trump decides to start snorting tailings.

[plat hunter] 28/1/2020 15:12

Sorry Sleeven, I'm clearly missing something that you haven't but I'm still not seeing it.I see 47% up over the previous period, so long as we keep growing revenues by similar amounts each period then I don't care much for anything else.Just keep showing me the ROI :-P

[bullster] 28/1/2020 15:12

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bb2,

14/11/19 RNS


HIGHLIGHTS POST THE PERIOD UNDER REVIEW
-- The significant growth in earnings delivered during the period under review continued on its steep growth trajectory demonstrated by the jump in operational earnings to GBP 3.38 million delivered for the three month period July to September 2019, which equates to a 90% jump from the comparative period in 2018

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[billyboy2fromiii] 28/1/2020 14:59

Bullster,

Where have you got the quarterly (July, Aug, Sept)earnings of £3,380,000 from? Just trying to cross reference things and I have not seen that. BB2.

[plat hunter] 28/1/2020 14:57

If anyone has any doubts.. google a Compound Interest Calculator and see what happens to your money at 47% per six month periods.Then you will start to laugh at the ridiculous comments from Aces, Boris and Krypton.

[bullster] 28/1/2020 14:57

. . Check out how close my estimate was for H2/19
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Bullster15 Sep '19 - 10:20 - 14506 of 18440

WHO MAKES WHAT! FROM THE PGMS
The smelter/refiner at present gets around $415 per ounce of the basket price. JLP get what is left after deducting their fluctuating costs to produce, around $320 to $400 per pgm ounce. Although our basket price chart may not be accurate it does track the rise quite accurately. Be mindful that even our prill split and yield can change on a daily basis, it depends on the quality of tailings mined that day. NOTE how the rise in basket price goes directly on to the per ounce revenue column. CHECK OUT the estimated earnings now that Windsor is ramping up.




AVG BASKET
PMG DELIVERED
PER ONZ REVENUE
PER ONZ EARNINGS
$ EARNINGS
£ EARNINGS


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Q1/18
$1,090/onz
4,897 onz
$677/onz
$303/onz
$1,481,832
£1,141,000


Q2/18
$1,115/onz
5,800 onz
$713/onz
$361/onz
$2,093,510
£1,612,000


Q3/18
$1,110/onz
6,009 onz
$698/onz
$415/onz
$2,493,494
£1,920,000


Q4/18
$1,150/onz
6,279 onz
$744/onz
$525/onz
$3,300,000
£2,541,000


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H1/19
$1,248/onz
11,559 onz
$840/onz
$440/onz
$5,082,876
£4,065,000


H2/19
e$1,550/onz
e20,000 onz
e$1,138/onz
e$530/onz
e$10,600,000
e£8,477,287



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[sleveen] 28/1/2020 14:50

PH

"the share price lags because earnings lag... Most sophisticated investors see that and will normally be happy chugging along or use the earnings lag as opportunities to accumulate."

IMHO most investors don't like being misled about production, which the quotes below appear to do.

Placing RNS

"Our earnings growth for the first three months of the current financial year is showing significant progress, driven, in part, by the implementation of our Windsor PGM project in late August which is already outperforming our set targets, exceeding 5 000 PGM ounces produced for the month of September alone. We expect to continue on this growth trajectory with the further addition of our chrome and PGM rights at Inyoni and the roll-out of our fine chrome solution which precedes our Zambian based Kabwe project."

and from the FY commentary:

"This jump in earnings reflects only one full month of production at the Windsor PGM Operations, which commenced operations in late August 2019 and exceeded expectations by delivering 5 337 PGM ounces for the month of September 2019 alone, which is more than double that of the PGM ounces produced from the Inyoni Operations"

and today's RNS:

"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."

[sleveen] 28/1/2020 14:47

Looks like the junior office administrator has written the RNSs before emptying the waste paper basket.

[freedom97] 28/1/2020 14:39

"Full interview: Jubilee Metals 'continuing to grow very strongly' with significant earnings boost":
Andrew Scott
13:07 Tue 28 Jan 2020

www.proactiveinvestors.co.uk/companies/news/911663/jubilee-metals--continuing-to-grow-very-strongly--with-significant-earnings-boost-911663.html

[bullster] 28/1/2020 14:28

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billyboy2fromiii,

Definitely, you, me and sleveen, have worked it out.

If Inyoni was at a steady 2,300 oz, july-aug-sep = 6,900 oz and W-pgm was at 5,337 minus 2,300 = 3,037 oz for September alone.

That combined quarter gives 9,937 oz which matches the quarterly earnings of £3,380,000.

Now, if we say 6 x 2,300 oz for Inyoni = 13,800 oz, ; W-pgm 3,037 x 2 (sep and Nov)

16,874 oz leaves 4,208 oz to find for October and December combined, to give 21,082 oz total.


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[deme1] 28/1/2020 14:27

www.proactiveinvestors.co.uk/companies/news/911663/jubilee-metals--continuing-to-grow-very-strongly--with-significant-earnings-boost-911663.html

[sleveen] 28/1/2020 14:16

Inyoni say 6 months @ ave 2k oz/month =12k oz (allowing for December maintenance)

Windsor say 3 months @ 5k oz/month and 2k for December(maintenance period) =17k oz

Gives 29 k oz PGMs in total.


allowing for 3 months @ 3k oz for Windsor +2k for Dec gives 23k oz in total.

So billyboy's comments hold water the September figure of 5k oz quoted does indeed appear to be COMBINED Inyoni and Windsor PGM production.

[frogkid] 28/1/2020 14:09

Looks pretty muted to me pal

[kryptonsnake] 28/1/2020 14:06

Plat is happy because the share price is 100% up

He just forgot to mention it was about 95% down to start with


LOLsss