Jubilee Metals Share Discussion Threads

[kryptonsnake] 18/6/2020 08:49

Plat is right

More debt and dilution to come


LOLsss

[kryptonsnake] 18/6/2020 08:49

The share price isn't well up is it

Back to 3.5p by Friday?

Nobody is buying in to this con

More debt and dilution to come to fund this new copper plant

Give it 12 months and it might be up and running. Maybe 2 years if they have to wait for a licence


LOLsss

[plat hunter] 18/6/2020 08:48

Definitely more to it than that RNS though

[aceshi] 18/6/2020 08:36

Hello my old Friend, long live the Birdmans Confetti Canon. No worries, more "good dilution" that will deliver truck loads of cash sometime in the next decade or 2. LOL. Makes you wonder about those chunky buys, out of the blue yesterday. A little whisper in the wind perhaps?

[9tintin] 18/6/2020 08:34

I'm happy with the deal.

Jubilee gets to recover 1.5 times + interest on their investment at 75% of the revenue but for me the investment in copper means the company has become more of a play on the copper price, and that would appear to be going in one direction. So instead of being fixated on the BBI for PGM's I'm now concentrating (pun intended) on the price of copper.

Oh! look it's just gone up again !!

What's not to like.

This time next year Rodney,,,,,,,,,,,,,,,,,,,,,,,,,,

tintin

[danieldanrichardson] 18/6/2020 08:33

Great red meat for this board

[freedom97] 18/6/2020 08:32

There will be great demand for copper over the coming month's & years so the price of copper is going to go up & up. It's up again today!

[mikebolle1] 18/6/2020 08:32

Very good deal. It not only increase the life span of our projects tremendously, we earn interest on our investment, over-and-above project earnings. Also, the investment will be used by Horizon "...for the continued project development of a second copper tailings dam of similar size..."

[freedom97] 18/6/2020 08:29

Very good RNS.

"Just do not understand why they are issuing shares when we have in excess of £9mil sitting there."

Most likely because they are in the process of buying more tailings etc., so need the cash to rapidly grow the company to get to Mid Cap status sooner.

This is a very good deal only 4.5% dilution, yet should DOUBLE CURRENT PROFIT of the company. What's not to like. Hence the share price is well UP!

[sleveen] 18/6/2020 08:22

In 6 years time...

[the bull] 18/6/2020 08:17

25,000 x £4500 x 35% margin = £39M per year ?

[barnes4] 18/6/2020 08:17

Like I say absolute private punters madness

[plat hunter] 18/6/2020 08:14

No mention of what grade the tailings might be either.No idea how long the 150 million tonnes will last for targeting circa 15000 tonnes pa.Signs of life after a quiet spell but sounds like there's much more to it.

[1madmarky] 18/6/2020 08:13

Remember JLP are running the development, so we can time when expenses will be incurred

[deme1] 18/6/2020 08:12

Sell on news brigade.

Please stop issuing shares Leon!

[marmar80] 18/6/2020 08:09

Maybe corpo bond this time? Good times for bonds tbh.

[plat hunter] 18/6/2020 08:07

Where's this dedicated new copper processing facility....Another placing or loan to follow as we currently don't have any copper capacity outside of Sable.

[1madmarky] 18/6/2020 08:05

Long term future for the company

[sleveen] 18/6/2020 08:04

Seems like a great deal.

As already mentioned £9m cash and yet $4.5m in shares issued.

Any significant income is likely to be 3 years away 12 +15 + commissioning and scale up. (Look at Sable Cu production time frame is 400-600t/month actually being produced yet?)

No mention of the costs of the large scale plant needed to process say 10m tonnes/year capacity.

Probably $50-80m funding needed via debt facility/placings and cash generated.

So 3-4 years down the line the deal should be a winner.

[1madmarky] 18/6/2020 08:04

Nice start, just get past 4p

[barnes4] 18/6/2020 08:02

5p by when
Classic private madness

[plat hunter] 18/6/2020 08:01

Playing catch up... But so far so good.Less than 5% of issuance to double the earnings. Hope everyone now sees the benefit of placings over debt?5p by when?

[deme1] 18/6/2020 07:58

Crux interview today Leon?

[goingforarun] 18/6/2020 07:58

Re the cash. In the current pandemic isn’t it simply less risk to keep this in bank should things reverse? Ultimately if we have secured large tailings doesn’t this mean we have a long term revenue source when many complain that the current tailings run out in a couple of years? Wouldn’t this deal be a stabiliser for the future?

[1madmarky] 18/6/2020 07:57

The line "Jubilee is working with the Zambian authorities to review copper tailings in the Country which the Company expects will create a number of opportunities for further expansion of operations in Zambia."

Says it all, this is only the first big deal

:-)