Jubilee Metals Share Discussion Threads

[texaschaser] 09/6/2020 12:34

massive buys today. £1.97 £4.97 spiking share price soon

[plat hunter] 09/6/2020 12:23

As well as cash at hand, inventory and long term assets such as resources and plant machinery. Etc etcUnless they're intangible and cam never be realised then you definitely need to include them too. ?

[frogkid] 09/6/2020 12:10

Some good points Timmy but you are ignoring Tjate and whilst not part of PE still relevant when calculating value.

[timhigginson] 09/6/2020 12:00

The real question is how far out is the current Market Cap against known info and my answer is the current MC is reasonably generous. The year to 30/6/19 showed a profit of c8m but 5.5m was a strange add back from previous w/off so doesn't count for P/E purposes. Hence compare a profit of 2.5m against an MC of 75m and you get 30 which is high for a junior resource stock and more than discounts substantial growth. Even if the profit for the year to 30/06/2020 trebled to 7.5m the P/E would be 10. I think we are hopeful that the year will produce much more than 7.5m.
Regarding quarterly reporting I think it was Newcrest who recently moved to quarterly reporting stating that this was the current best standard and an aspiration for a company wishing to be treated seriously. AS a former FD I can state that I used to know my figures every night and could inform my board with reasonable certainty of the years result within a week of the year-end date. Most quoted companies declare their audited results within 2 months of the year-end and I cannot see that JM is such a complex business that this should not be achieved.If we want to be taken seriously then the whole company should aspire to best practice.

[plat hunter] 09/6/2020 11:24

There's the FX gap being being filled, 3.80 just paid

[plat hunter] 09/6/2020 11:15

Yup we should get a tick up to 3.9 as soon as the MM's have filled the fx spread.Shouldn't take too long as it will net them free shares.

[deme1] 09/6/2020 10:58

It's up on the JSE

[mrsingh1] 09/6/2020 10:28

Do you mean pi$$-up in a brewery. Party up lol never heard that one before

[avatar333] 09/6/2020 10:25

Duly noted.

[niloc4] 09/6/2020 10:12

After 15 years of the share price going one way, downhill, under Leon and Colin, why should that now change? Leon couldn't organize a party up in a brewery.

[plat hunter] 09/6/2020 10:08

Anyone seen the 15 and 30 min charts?4p likely this week... Nothing but support at this level

[avatar333] 09/6/2020 09:54

Good morning all.

[deme1] 09/6/2020 09:43

We do seem to have some sellers today.

come on Leon get that deal out in the open

[niloc4] 09/6/2020 09:40

His imaginary "30 million"

[deme1] 09/6/2020 09:21

He would get it if he decided to dump his "30 mil" 🤔

[plat hunter] 09/6/2020 09:19

I don't think you're going to get that 3.5 Losta.May as well treat the missus to a post covid treat

[deme1] 09/6/2020 08:30

1 trade is back they obviously had to rewrite the last RNS from the other 1 trade :)

[deme1] 09/6/2020 08:08

need news IMO

[niloc4] 09/6/2020 03:04

The 3 of you are tightly packed up Leon's big brown one.

[nelson01] 09/6/2020 00:16

More like a cardboard box.

[mutley walters] 08/6/2020 23:23

It is not a bed he sleeps in it is a straightjeacket.

[goingforarun] 08/6/2020 18:48

Niloc, did you get out of the wrong side of the bed today?