Jubilee Metals Share Discussion Threads

[plat hunter] 20/10/2020 08:17

Colin bird knows how to get things done. He just comes across like he doesn't.

[kennyp52] 20/10/2020 08:07

Thanks for link Losta . Leon inspires huge confidence . Can’t really say I feel the same about Colin Bird .

[frogkid] 20/10/2020 08:02

Kenny, you need the vision. I had a visitation in my dream, Birdy was telling me mid cap, mid cap he kept saying. Mind you he didn't say to which of his 48 companies he was referring. Crikey.

[kennyp52] 20/10/2020 07:38

Frog ... not yet ... that is the problem .

[frogkid] 20/10/2020 07:37

I mean to say, cor blimey and all that.

[frogkid] 20/10/2020 07:27

Worth another view. Top 4 chrome producer, top 6 platinum, top 10 copper.

[lostabillion] 20/10/2020 06:20

Jubilee’s webinar below, enjoy.......

Results will be reported this Friday imo.

[plat hunter] 19/10/2020 21:04

Thats's not what Im saying at all gfa

[plat hunter] 19/10/2020 21:04

Very generous Mercury... How on earth do you think you'll get 20 years of phosphate production out of roan and elephant.Are you literally dividing the tonnage over sable capacity?Note my early posts about concentrate getting either dumped onto the market or being forward sold to jlp for stockpiling.

[goingforarun] 19/10/2020 20:55

PH, don’t really understand your logic here? You seem to be saying don’t do the Copper, keep the cash from the PGMs and wind the company up in two years? At least by doing the Copper we’re buying into 15 years of earnings?

[mercury287] 19/10/2020 20:54

Plat,

In response to your question earlier. I'd envisage current cash and cash equivalents are between $15-$20 mln based on:
$10.8 mln in cash on 30th June plus
$15.2 mln (Q3 Earnings)
Less
ROAN Processing Facility: $3.75 mln (quarterly commitment based on $15mln (debt/cash))
Chrome/PGM commitment: $2 mln
Corporate overheads: $2 mln (based on WHI note)
Kabwe costs (zinc circuit): unclear although fully funded from cashflow

I seem to recall recently you were criticising SLP for not having a plan for use of the cash their operations are throwing off; now you think JLP has got it wrong for doing just that. Neither company has changed it's stated approach, just your view of them.

Final comment then I'll move on - if you value 3 years of $50mln earnings (which doesn't reflect JLPs PGM/Chrome resources), the same as 20 years revenue at $50mln earnings then I'd happily do a deal to give you 50k for the next 3 years if you commit to giving me 50k for the 20 years that follow.

[plat hunter] 19/10/2020 20:33

Lets say it works and in 2 years time the copper is pulling 24k tonnes at 50 million a year. Now wait for the 6-12 month earnings lag for reporting. (No quarterlies here)And now you've only got 6-12 months of pgm material left.We gain 50 million in one hand and lose 50 million with the other.Peter is quite literally getting robbed, to pay Paul

[plat hunter] 19/10/2020 20:29

I agree Kenny but cash is king and there won't be any of that here for a few years now.Should have used placing, yes it would have diluted the eps but it would have retained cash and improved cashflow.I'm happy to come back if and when it looks set to pay all that cash back.

[bullster] 19/10/2020 20:29

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IN

£18,865,288 cash at full year end June 2019
£15,000,000 estimated profit f/y end June 2020
£17,000,000 estimated profit first 4 months, f/y end June 2021

OUT

16 months Expenditure on assets ?

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[kennyp52] 19/10/2020 20:20

Plat .. disagree ... it is the cheapest way of financing if you are building equity you can borrow against more cheaply in the future ( with the assets paid for ) if you need to . Heard mention of BMR many times but is that not all in the past ? Something to do with Colin Bird ? Do you not think Leon is in control of this one now ? In what way could this cause damage to JLP . Just want to understand your angle .

[plat hunter] 19/10/2020 20:18

Seriously good luck to all and I hope it works but i want cash.I want to see copper numbers and retained earnings.

[plat hunter] 19/10/2020 20:01

Never gamble your own money in business

[plat hunter] 19/10/2020 19:59

It was a while ago, the company directors of the jv partners link the dams back to BMR under a previous trading name.If you google the other jv partners company name, cross reference it with company house and the directors, google the licences, it all comes back to BMR.BMR who we paid nigh on 5 million with dilution on a 40 mill mcap for 6.2 million tonnes of surface waste, then lost the licence the very next day.And JLP are now throwing it's hard earned pgm earnings at who I'm sure are nice enough people but essentially bottom feeders. All for a chance of securing a big boy like we did at hernic but for copper...Regardless of how big the returns might be,they're punting shareholder cash.

[kennyp52] 19/10/2020 19:46

Who are the insolvent salesmen Plat and how close are they to JLP’s core ? If you wanted this to get to midcap then you knew this would mean more investment and either dilution or use of the cash-flow . I prefer the latter to be honest and it may delay a dividend flow but the market will look forwards and if this glitters then investors will buy in. There is too much potential upside for it not to be noticed and with a couple of valuations indicating double digit share price you’d have thought it’s only going to take 1 or 2 more decent RNS and it will start to move ... all IMHO .

[plat hunter] 19/10/2020 19:41

Growing earnings but not growing cash.Price to free cash flow 21x

[plat hunter] 19/10/2020 19:15

Neither can I

[bullster] 19/10/2020 19:08

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The new quarterly update shows us that:

Earnings from chrome = $12 per tonne
Earnings from pgm's = $1,202 per ounce

The webinar has Leon saying we are at about 80,000 tonnes of chrome per month and set to go to 90,000 tonnes per month. Chrome prices are on the up and efficiencies are increasing, so $14 per tonne earnings for October is realistic.

PGM production was 15,044 ounces for the quarter, with further efficiencies of plant and better quality feed coming from ore purchases, October could escalate production to 5,030 ounces.

Earnings for October possible :

PGM's 5,030 x $1,202 = $6,046,060
Chrome 80,000 x $14 = $1,120,000
TOTAL = $7,166,060


FULL YEAR EARNINGS for PGM'S AND CHROME came in at just over £21,000,000, reported in July.
This should give a GROUP PROFIT of £15,166,000 or $19,718,833.

Funny enough, those full year profits are equal to Q3/20, Q1 F/Y earnings.

We will have earnings of around $27,000,000 for these first four months of the new financial year, on top of cash at hand and what is left over from last financial year ending end of June 2020's profit. LOADS OF CASH.

LOADS OF SPENDING ALSO, with the cost of moving fine chrome from DCM, building up copper, cobalt and zinc infrastructure at Kabwe with urgent attention to infrastructure further afield at ROAN copper dump.

How much cash expenditure has been inflicted, offset by any amount of bank loan, if any, is yet to transpire.
Outlay for Elephant is not as urgent because Roan material will be ramping up for a while.

I can see us producing , per month, 6,000 pgm ounces and 90,000 tonnes of chrome, at double the current $14 per tonne, in six months time.
And we'll have copper in four months time.

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[timhigginson] 19/10/2020 18:44

The year to 30.6.2020 should be in the band 12.5m to 15m depending if there are any
write offs. this would compare with c2.5m before the write back.

The increase would therefore be 5 fold.

I cannot understand why anyone would regard a x5 increase in the bottom line being anything less than stellar.