Jubilee Metals Share Discussion Threads

[kennyp52] 02/2/2020 13:15

I still am not clear ... the latest placement raising more than enough to settle the payments due , plus all of the cash in the bank , plus the PGM basket profits since providing free cashflow ... this is sufficient to settle all of the debt due and give a lump of working capital is it not ? This is why accounts are needed regularly Leon !! They need to spend it wisely as this is probably their last chance to convince investors they are not just prolonging their salaries with each capital raising dilution ?!

[gsg] 02/2/2020 11:10

Leon must be spoilt for choice, with regards to distressed chrome assets.

[gsg] 02/2/2020 11:03

Commentary on the chrome market from the MD of Unichrome. If anyone knows whats going on in the opaque chrome markets, this guy does. Not sure of the date it was published. Possibly around September last year.

Interesting that he is categorical in stating that in SA the company with the largest chrome reserves is running at 50% capacity, and the largest company by production has cut output. Also, due to various reasons the rest of the producers have temporarily or completely stopped their ferrochrome production at this time.

[kryptonsnake] 02/2/2020 10:23

Miton buys 2 years ago at 3.6p and according to you Jubilee has outperformed LOLsss


This is probably going sub 3.6 this week. Stick to the caravan park plats. You are useless at spotting the lies that Colin and Leon come out with



LOLsss

[plat hunter] 02/2/2020 10:16

Krypton, you do seem to struggle with reading and understanding the nuances of the English language.. I suspect it probably contributed to you losing your shirt on BMR and WRES, so I won't harp on too much about the fact that JLP has outperformed, and been a place of capital protection whilst you continue to haemorrhage more money than an underperforming NHS trust.

[kryptonsnake] 02/2/2020 10:11

Miton and international wealth group bought shares in Jubilee 2 years ago at 3.6p

They must be really happy about that LOLsss

Miton are in big trouble as there small cap fund is under performing. I can see them dumping Jubilee shares if the problems persists


LOLsss

[kryptonsnake] 02/2/2020 10:02

Plat

Leon told you Kabwe was fully funded and I said that was a lie. You were there with your massive ego telling me I was wrong. What did the last placing RNS say plat? Let me remind you

“The proceeds of the Placing will be used towards the completion of the chrome and PGM transaction at the Company's Inyoni Operations as announced on 24 October and 5 November 2019 and to implement the Company's targeted expansion plans which includes the Kabwe zinc, lead and vanadium refinery project in Zambia”


This project is no where near fully funded


LOLsss

[plat hunter] 02/2/2020 07:04

No Kenny... Sable is fully funded, the recent placing was for the full chrome rights

[kennyp52] 01/2/2020 22:29

Sleveen ... your comment on the 2 payments to be made as settlement for Sable ... was this not the reason for the recent placement ... so they have the capital to settle the debt and thereby will be able retain the cash profits ?

[kennyp52] 01/2/2020 22:19

Trouble is Losta ... nobody believes them !

[lostabillion] 01/2/2020 17:29

St Brides Partners Weekly Brief, 31st January 2020

Jubilee Metals Group PLC (AIM: JLP) released its six-monthly operations update for H2 2019. The benefit of its multi-metal strategy through diversifying earnings across multiple metals and jurisdictions was clearly demonstrated, highlighted by a 74% increase in combined H2 revenue, and a 47% increase in operational earnings from H1 2019. Jubilee saw a strong period, with its Sable Refinery in Zambia producing first copper metal in November 2019; and the completion of two transformational acquisitions at its Inyoni Operations means Jubilee now has full control, and the economic benefit, of large-scale operations.

[aceshi] 01/2/2020 15:30

Platt or Mr Free Shares or perhaps Mr 150%UpDon't, under any circumstances, allow the facts to get in the way of a good old ramping story. Anyway, how's that "5p by Friday" coming along. Remind us, when did you offer that gem of a prediction? And my personal favourite "it'll never break the 4p resistance point" All sounds to us, like the utterances of a desperate "mug punter" well under water.

[goingforarun] 01/2/2020 10:52

What I do find interesting is that, with all the slagging off that CB and LC get on this BB from a lot of armchair experts, it could be that later this year we’ll see they’ve played a blinder! Lol

[lostabillion] 01/2/2020 10:46

Madness that the share price dropped rather than rose on that RNS anyway.

A rising chrome price along with the contents of that RNS plus all the other stuff should see us rising again next week.

Plus all the traders will be piling back in one by one!

[1madmarky] 01/2/2020 09:45

Producers
All in all, global chromium production remained neutral year-on-year in 2017, reaching a total of 31 million MT.

1. South Africa

Mine production: 15 million MT


2. Kazakhstan

Mine production: 5.4 million MT

3. India

Mine production: 3.2 million MT


4. Turkey

Mine production: 2.8 million MT

Consumers
China is the world’s top consumer of chromium, as well as the top stainless steel producer. However, it has no chromium production at all. It also has very few choices in where to get it — the US Geological Survey’s most recent report on chromium shows only four countries produced the metal in 2017.

hxxps://investingnews.com/daily/resource-investing/industrial-metals-investing/chromium-investing/top-chromium-producers/


So the price of chrome is pretty much controlled by the actions of two countries.

[1madmarky] 01/2/2020 08:45

GSG - an extremely good time to go shopping then. Need to be quick though as if the cuts in production are true then chrome ore price will bounce pretty quick.

[plat hunter] 31/1/2020 21:41

Ha ha ha.. pathetic Aces, you need to get some new lines.. Why don't you tell us all again how many shares you hold here and your big profits from selling days before the share price doubled.You absolute clueless walter

[plat hunter] 31/1/2020 20:49

That's the thing GFA, 5p, 10p, or even 20p a share, makes placings irrelevant so long as they are share price accretive.1 share at 10p each will still be worth 10p, whether there's 2 billion or 4 billion shares in issue and if we get 15p then Krypton will be able to afford a Freddo.

[goingforarun] 31/1/2020 20:10

28p for the next placing then!

[plat hunter] 31/1/2020 20:06

It's easy to overlook the fact that the last placing was offered at a PREMIUM to the share price and so too will the next placing.And just like the last placing it will create a new support level.Midcap by dilution. Sell on issuance and buy the support.

[goingforarun] 31/1/2020 19:31

Totally agree otherwise I can’t see how we’ll ever get out of this trading range?

[timhigginson] 31/1/2020 18:43

It is now two years since Miton bought in at 3.6p. Lets hope they start exerting some pressure on the BOD to let the share price reflect all that has been spent subsequently.
Issuing more shares in advance of proving the efficacy of the last issues is very risky: the purchasing shareholders wish to have a cushion so bid as low as possible. This means existing shareholders are selling part of their existing value. If the project does not work out the old shareholders lose when the share price drops. Cash on a balance sheet hardly affects the share price If shareholders wait and generate their own cash and then invest it in a bum venture the share price will hardly move.Personally I would look forward to another issue after the share price has reached 7p.

[1madmarky] 31/1/2020 17:43

Rhodium Price 10,175.00 USD/ozt (9,182.73 EUR/ozt) 31 Jan 2020 - 52 Week Low 2,480.00 USD/ozt 52 Week High 10,175.00 USD/ozt