Jubilee Metals Share Discussion Threads

[1madmarky] 22/6/2020 05:11

Historically JLP have used debt to purchase or build plant to some degree. But it has been equity or cash for tailings. That will probably continue until the cash machine is in full swing.

[mikro1] 21/6/2020 21:03

Leon implied that they would use debt to finance expansion. But given their ambitions and the speed at which they are growing I guess they will also have to issue equity as well. However if they do more deals like the latest one In my opinion it will be worth it. Ultimately the share price will depend on metal prices but now that they have 15 years worth of copper production investors can take a longer view on metal prices. The biggest danger is if they become highly indebted and then can’t ride out short term falls in metal prices. I hope they can avoid that pitfall.

[goingforarun] 21/6/2020 20:58

As long as the share price reaction is positive bring it on!

[plat hunter] 21/6/2020 20:44

The next round of financing after this concentrator will knock the socks of most in here

[plat hunter] 21/6/2020 20:36

I agree Losta but lets not forget that this is just one of three dams and it will double our earnings and with a 15 year life span.If we are to get anywhere near the other two, or any more dams in Zambia we'll need more capacity than the current planned 25 mill concentrator that's for sure.

[goingforarun] 21/6/2020 19:53

Let’s crack the notorious 5p in the next few weeks first!

[lostabillion] 21/6/2020 19:24

If August’s figures are what we anticipate them to be then the share price should be circa 20p.

A couple more deals like the one just announced should see the share price head to circa 60p.

Bullster is probably the best person to get this across in layman’s terms.

I’m sat with exactly 30m shares and will review in a couple of years.

[niloc4] 21/6/2020 18:16

Lostabillion handles more than just numbers at the xaravan park. Ask brownelf. Lostabillion most probably owns less shares in jubilee than Leon does.

[goingforarun] 21/6/2020 16:44

Deme, you’d have to be thinking of £100m+ or sone significant growth rate if less?

[deme1] 21/6/2020 16:29

Losta, what type of earnings do you envisage that would justify 60p within 2 years. Spread over how many projects?

Because if we are just plucking numbers why not £5 in 2 years?

[lostabillion] 21/6/2020 16:00

6p and 60p within 2 years.

[goingforarun] 21/6/2020 15:56

Any shout out for the share price on Friday?

[gsg] 21/6/2020 12:51

"As the fourth biggest state in copper production in the world, Zambia's accumulative tailings amounted to several billion tons, causing not only heavy metal pollution but also huge waste containing several million tons of copper. The Central South University takes the lead in biological copper extraction in the world, and its technology in this field can improve the copper extraction rate from the tailings for Zambia by over 30%."

[ginko3] 21/6/2020 10:22

Presumably Roan could also refer to the geology

Joint Venture Agreement:
70% TEAL Exploration & Mining Incorporated
30% Antofagasta Minerals Plc (ANTO can earn up an additional 20%)
April 8, 2008
hxxp://www.tealmining.com/im/press_display.asp?Id2=38

Area 2 Kinsenda West - PLLS 73: Kawiri copper prospect and other drill-ready exploration prospects
Area 4 - PLLS 100: Kabula, Chipopo, Katembula and CFA3 copper prospects
(ex Korea Zinc Copperbelt JV - PLLS 72-73-74-100-102 dated March 9, 2005)
hxxp://www.tealmining.com/i/080408_press1_lrg.pdf

Area 2 Geology:
Deep basin lying east and northeast of Konkola/Konkola North. Northern and southern edges comprise Roan Group. Central parts comprise Nguba Group. Type 1a, 1b and Type 2 targets.
In Area 2 (PLLS 73) Lower Roan stratigraphy extends from the previously defined Kawiri zone of mineralisation towards the very rich Kinsenda deposit in the DRC. The Kawiri mineralisation comprises 16Mt at 1.52% total Cu (Freeman, 1988). A high resolution airborne magnetic survey was undertaken by ARMZ, but no follow-up work has yet been undertaken. TEAL intends to assess the potential for the continuation of the mineralisation into PLLS 73.

[1madmarky] 21/6/2020 08:50

Hopefully this is true

[timhigginson] 20/6/2020 21:19

Big increases in turnover require big increases in working capital. If we are to expect anything like 120m in GP at 35% this infers a turnover of over 360m p.a.hence a debtor figure of 36m (two months). I suspect the inventory will rise by roughly the same amount.

This is why I am comfortable with the small dilution accompanying this deal.

With the lead and zinc yet to be added to the existing PGMs the future looks good.

I agree with Deme that a pause is needed to get the above well underway before taking on any more as there are no guarantees as to future pricing and political changes and of course keeping any dilution to a minimum.

As the current share price is lower than it was in Dec 2017 I wonder how many current shareholders will hold on.

[gsg] 20/6/2020 18:24

"Roskill estimates that the utilisation of UG2 tailings for chromite reached nearly 80% of theoretical annual capacity in 2019, which is based on available tailings from PGM mining."

[deme1] 20/6/2020 15:11

www.share-talk.com/st-brides-partners-weekly-brief-20th-june-2020/amp/?__twitter_impression=true