Jubilee Metals Share Discussion Threads

[gsg] 03/3/2020 12:39

Def agree with the amount of cash generated by the 1st and 2nd tier PGM miners. It is unprecedented.

[bettyswollox] 03/3/2020 12:26

Sounds good to me gsg - the point is that a lot of the big miners are coming out of the doldrums in profit and cash terms. That cash has to go somewhere to keep their shareholders happy so I do believe our day is coming.

[gsg] 03/3/2020 12:20

betty.

No chance.

It will either be developed by either Twickenham or Marula, when its right for them.

[master rsi] 03/3/2020 12:18

The larger spread has slowed down the trading ( MMs idea ), but things are looking good on the volume front

[bettyswollox] 03/3/2020 12:17

I don't really think JLP will ever construct a mine on their own Plat - much more likely that they would do royalty deal with Northam or Lonmin et al - the big boys build the mine and do what they're good at, we get a top line percentage and access to all the tailings - simples!

[plat hunter] 03/3/2020 12:11

I think Tjate would come into play more, if and when JLP are making 100 million a year from their collection network.A mine is likely to cost up to a billion, so any existing production with a track record and a strong balance sheet, would speed up the recovery of the capex and would be a very attractive acquisition target for a large producer.Northam are watching closely and I would have expected Neil Froneman to be well aware of JLP too, via the Lonmin connection.

[bettyswollox] 03/3/2020 11:56

Absolutely massive under supply Plat, add that to a basket price at $2500 and the big boy miners absolutely creaming in profits and cash at current market prices and I believe the landscape is changing. Just my opinion of course.

[plat hunter] 03/3/2020 11:52

Nobody was interest in doing tjate when basket prices where last at 2k

[plat hunter] 03/3/2020 11:49

Good candle action this... Strong buy signal is on for the traders now.

[bettyswollox] 03/3/2020 11:46

Apart from all the other projects currently being ramped up ,what JLP also have, lying on the back burner, is a little project called Tjate... from the JLP website "Tjate has been independently appraised to contain a potential net 65 million ounces of platinum group elements (PGEs) and gold."

So doing some basic maths at a very conservative £1500 per ounce I make that £9.75 billions - now that's a cash pile!

Of course, people will argue that the price of platinum is too low at the moment. Well at current basket prices you could probably mine the whole lot, leave the platinum as waste material and still make an excellent return assuming the non platinum mix of PGMs is 35-45 percent of the mix which is where we're currently at.

Absolutely prime to be bought out imo.

[robers98] 03/3/2020 11:42

Zinc Metal was always going to be the phase 2 product,the zinc we are about to start processing isn't the final metal product. Now we have Vanadium stated as next year as well, really need the operational RNS update that gives the reason for the delay.

If by delaying the capital outlay it is allowing more of our current cashflow to be directed to the copper purchase then I'm ok with that. Maybe talks behind closed doors are making management try other avenues for funding.

Time will tell.

[goingforarun] 03/3/2020 11:26

Let’s see if we can really shift up later and end the day north of 3.50! After all 30% down from a couple of weeks ago demands more response than we’re getting!

[gsg] 03/3/2020 11:25

Still 4 v 1 after the tick up.

[bettyswollox] 03/3/2020 10:51

JLP is the next SLP

[bookwormrobert] 03/3/2020 10:29

Since you're talking about it already, here's the deal on the current SLP buyback.
1. What was announced this morning is only "house-cleaning". It's an attempt to clean up the shareholder register, as there are still a number of historical Australian investors holding small numbers of certificated but not easily tradeable shares. SLP are offering generous terms to buy them out - in the long run it will save the company money when it comes to dividend distribution.
2. There are two other parts to the share buyback still to be implemented - a share purchase from the retiring CEO and a purchase on the open market.
3. All in all, this isn't a big deal and won't impact SLP's cash position (no debts, $33.6m in bank) very heavily. Perhaps the more interesting question is what the company will do with this (fast growing) cash pile come the end of the financial year (June 30th). Will it declare a monster dividend? Or what?
Anyway, speaking as an SLP shareholder, it's a nice problem to have!

[bookwormrobert] 03/3/2020 10:29

Since you're talking about it already, here's the deal on the current SLP buyback.
1. What was announced this morning is only "house-cleaning". It's an attempt to clean up the shareholder register, as there are still a number of historical Australian investors holding small numbers of certificated but not easily tradeable shares. SLP are offering generous terms to buy them out - in the long run it will save the company money when it comes to dividend distribution.
2. There are two other parts to the share buyback still to be implemented - a share purchase from the retiring CEO and a purchase on the open market.
3. All in all, this isn't a big deal and won't impact SLP's cash position (no debts, $33.6m in bank) very heavily. Perhaps the more interesting question is what the company will do with this (fast growing) cash pile come the end of the financial year (June 30th). Will it declare a monster dividend? Or what?
Anyway, speaking as an SLP shareholder, it's a nice problem to have!

[bookwormrobert] 03/3/2020 10:29

Since you're talking about it already, here's the deal on the current SLP buyback.
1. What was announced this morning is only "house-cleaning". It's an attempt to clean up the shareholder register, as there are still a number of historical Australian investors holding small numbers of certificated but not easily tradeable shares. SLP are offering generous terms to buy them out - in the long run it will save the company money when it comes to dividend distribution.
2. There are two other parts to the share buyback still to be implemented - a share purchase from the retiring CEO and a purchase on the open market.
3. All in all, this isn't a big deal and won't impact SLP's cash position (no debts, $33.6m in bank) very heavily. Perhaps the more interesting question is what the company will do with this (fast growing) cash pile come the end of the financial year (June 30th). Will it declare a monster dividend? Or what?
Anyway, speaking as an SLP shareholder, it's a nice problem to have!

[kryptonsnake] 03/3/2020 10:20

SLP outperforming Jubilee again

It will be WRES next


LOLsss

[bettyswollox] 03/3/2020 09:57

Daniel - that's a rehashed note which was released last year so I wouldn't be too worried. The clue is in the part where Colin mentions vanadium production - this was on the cards last year when the price was much higher but it's on the back burner now per more recent interviews.

[ginko3] 03/3/2020 09:54

Think its more about striking the right balance based on known cash flows over the next 12 months. If you have enough cash to do everything you need to do the n two options, divi or buyback and why not do both, a small divi and buy some stock back instilling confidence in the stock while rewarding holders at the same time.

[rescuer] 03/3/2020 09:42

agreed GFR - buy back, place stock in treasury -

[plat hunter] 03/3/2020 09:41

I'm not a fan of buy backs either. The more shares you have the more you can smoove out volatility and the more cash you have, the more attractive a dividend policy is to big institutional investors.Ps... Miton are tiny and not what I would class as a big insti.