Jubilee Metals Share Discussion Threads

[deme1] 23/6/2020 07:27

4.5k views on that interview since last night.
Wonder if we will we some hectic buying this morning.

[1madmarky] 23/6/2020 07:26

Yep, but we have still been able to do a deal without addressing the clean up at Kabwe. Leon has obviously got the right people on side.

[goingforarun] 23/6/2020 07:16

I think the other good point that comes out of this interview is that he talks about the positive environmental impact and that they will be cleaning Kabwe up. Surely by completing this it’s going to open the door to a wider press about JLP credentials?

[the bull] 23/6/2020 00:20

Target 25K copper per annum so around $58M after the 35% if similar deals. This company surely will get taken over within the next year. I won't be selling any, trading any. Only adding when mates rates drive it down temporarily

[fozdad] 22/6/2020 23:09

Correct me if I'm wrong, but when Leon talked about 14k tons pa of copper cathode at $5800 per ton and 35% margin (>$28,000,000 profit per year) - that is just the refinery operation, we will also have a share of the profit from the JV that sells the concentrate to Sable

[gsg] 22/6/2020 22:28

Glencore evaluating all S Africa chrome ops Jun 18, 2020

Glencore has embarked on a thorough review of the sustainability of its chrome facilities in South Africa in response to weak chrome prices and high electricity costs.

The company has triggered Section 189 of South Africa’s labor relations act for all employees at each of its chrome ore and alloy facilities there. Section 189 is a South African legal requirement representing an intention to retrench staff.

"The decision is a result of the worsening operating environment across the South African ferro-chrome industry, including unsustainable electricity pricing. Despite significant investment to make the operations more competitive, the company has continued to come under substantial operational and financial pressures," Glencore said in a statement on Thursday June 18.

Said one market source: “There is a full evaluation of all assets to decide which make sense in the long term. Glencore is starting from the bottom up and looking at every mine, every furnace and every employee before putting the pieces back together and making the business future-proof.”

The operations impacted by the process are the Lydenburg, Wonderkop, Boshoek and Lion smelters.

The Section 189 process will also impact the Helena, Magareng and Thorncliffe chrome mines, situated on the eastern limb of the Bushveld Igneous Complex; and the Waterval and Kroondal chrome mines near Rustenburg on the western limb.

Employees at Kroondal had already been told the mine would not restart despite the easing of lockdown measures in South Africa.

All 895 employees of the Lion smelter were informed by management, in a letter seen by Fastmarkets and dated June 17, that the business was being reviewed.

The company has begun a consultation process with its employees “to discuss the options and alternatives to save the operation or reasons that could lead to possible job losses,” according Andre van Zyl, general manager of the Lion smelter.

“It is with a regret that Lion Smelter has the need to announce that we have come to a point where the long-term financial sustainability of our business is under threat,” he said.

Staff there will enter a consultation process that should be completed within 60 days.

Glencore's full-scale strategic review of the business began in January, with plans to restructure its Rustenburg ferro-chrome smelter due to deteriorating conditions in the ferro-chrome market and high power costs.

The review has since been widened.

“This has been brought about by a sustained downturn in the chrome market, unsustainable electricity pricing, fixed production and labor costs as well as outdated operational practices,” van Zyl said in the letter.

Ferro-chrome prices have struggled to recover from multi-year lows in March 2020 due to weak consumption, poor downstream demand and excess supply, with China ramping up its own production.

Fastmarkets’ price assessment for ferro-chrome, 50% Cr, import, cif main Chinese ports, was $0.73 per lb on June 12, up $0.06 per lb from a multi-year low in March.

Adverse market conditions have put South Africa’s entire ferro-chrome market under pressure.

In January 2020, Samancor Chrome - South Africa’s largest ferro-chrome producer - announced plans for restructuring its mining and smelting operations in response to the “drastic” chrome price decline.

[plat hunter] 22/6/2020 22:24

Kidney beans, onion, mince, usually beef, tomato's, puree and splash of Merlot

[deme1] 22/6/2020 22:19

So little old Jubs could soon be in possession of around 450million tonnes of copper tailings, just in Zambia!

What can we get in Chillie!

Surely the market must take notice soon.
Or are the II's just biding their time because they know Leon and Colin would feed the current holders to the dogs in order to gain some more II's.

[kennyp52] 22/6/2020 21:39

kryptonsnake26 Apr '20 - 14:36 - 21665 of 21668
0 0 0
I was contacted by a boutique broker on Friday offering placing shares at 2.5p

I subscribed to 10ks worth

Don't get mugged at 3p


LOLsss

Another example of your insider information ... or is it just bitter packs of lies ?

[kennyp52] 22/6/2020 21:35

kryptonsnake3 Jun '20 - 20:57 - 22701 of 22703
0 0 0
Colin recently caught lying about no placing needed for Galileo

Also lied about applying for ML for star zinc

Leon is working a placing in the background which will happen this month

rumours suggest it will be 3p and not 2.5p

Placing needed to keep the lights on because they don't have enough cash


LOLsss


Did you hear anything from the FCA yet ? Where did this inside information come from I wonder ? You continually try to damage and influence the price of this share so hopefully you will get a knock on the door very soon .

[1madmarky] 22/6/2020 21:33

Definitely mates rates ahead, but as others have said 150mt at the previous price was extremely good good value for us... bring it on!

[kennyp52] 22/6/2020 21:17

If they keep adding value and the share price remains deflated because the board of directors keep using dilution then that will IMHO open them up to being a target for a buyout. Either way I am not bothered ..... nearly happened over at CEY because the share price was kept low by the market and the board took their eye of production ... clearing up lower grades when they should have been tapping into available higher grade material . The CEO paid with his job so Leon ... beware ... you can be too clever and need to get some share price growth so if you do raise more money via dilutions then these are at proper market prices because you just diluted us to give the JV a cheap price ... at the rest of us shareholders cost as far as I am concerned even if it is a great deal .
Might change my point of view very quickly if post issue of 95m shares we shoot up a couple of pence 🤪

[lostabillion] 22/6/2020 21:03

North of 6p is coming!

[goingforarun] 22/6/2020 20:41

If they dilute at the then market price and it’s £4m for £150m tons then that would be fine. Just be nice if we were a couple of pence higher when it happens!

[9tintin] 22/6/2020 20:32

Leon's ambition is there for all to see, and the prospect of scaling up the copper production to 25k tons per annum is mighty impressive and as long as the copper price heads north, everything should fall into place.

I just hope that Jubilee don't rush into the next deal, because if they are talking to the big boys and looking to fund a large portion of the cost through equity it will mean massive dilution, as the institutions will want an attractive 'get in' price.

I would hope for a share price somewhere close to double what it is now before JLP goes for another placing, that means after the next set of results IMO.

Unfortunately history does not bode well where equity raising is concerned. I understand the reasons behind the concept - just don't believe CB & LC bother too much about shareholders interests and it's all about market capitalisation not the share price.

I fear another equity issue around the same price as the last one (3.7p)

Which would be grossly disappointing if it does indeed pan out this way.

Someone tell me I'm well wrong on this.

tintin

[plat hunter] 22/6/2020 20:27

They can't do too much damage with the placings this year, they only updated the M&Arts not so long ago with a maximum placing provision of around 18.5 million, can't remember the specific number but it was in the ball park and they've just done 4.5 million of that

[niloc4] 22/6/2020 19:59

I hope you are wrong with the 3p placing story krypton. Talking about 3p, that's greenelfs placing for a taste of his brownelf naught at the caravan park.

[kryptonsnake] 22/6/2020 19:52

Entry point for the insti's will be 3p on the next placing


LOLsss

[deme1] 22/6/2020 19:28

Talking about entry points for bigger II's.
Guess they will be involved in the next 2 copper tailings and plant construction projects.

I do like these Crux interviews. 30 mins of some genuine questions and concerns.
Unlike proactive investors which are just 10mins of what you can read from the rns.

[kryptonsnake] 22/6/2020 19:26

Another 2 copper deals

$11 million more to invest for the zinc circuit

Wheres all this money coming from?

They are coming to shareholders for more money

I smell a placing


LOLsss

[gsg] 22/6/2020 19:12

2 x more 150m tonne copper tailings dams in Zambia they are engaged with at the moment.

This has got to ignite at some point soon.

[kryptonsnake] 22/6/2020 19:00

Crux followed by a placing


LOLsss

[deme1] 22/6/2020 18:54

Good find Bullster.

[bullster] 22/6/2020 18:10

CRUX INTERVIEW