Jubilee Metals Share Discussion Threads

[marmar80] 10/11/2020 14:15

Anglo American Platinum lads should hurry up with an offer for Jubilee, otherwise they will have to pay double todays price

[nelson01] 10/11/2020 14:07

And with profits like that it can be done without dilution, this is what we have all been waiting for.

[nelson01] 10/11/2020 14:05

You just know Leon won't stop until this is a billion dollar company

[teddy31] 10/11/2020 14:04

Hi nomolos known wendy from braumore days what has happened to her please

[nelson01] 10/11/2020 14:04

As long as metals prices hold up that shouldn't be a problem

[the bull] 10/11/2020 14:03

If Bully's figure comes off then at a PE of 6 i get £0.19 per share approx. Is that realistic do we think?

The broker is saying 12p now is he not. I have been waiting a long time for this but can hang on for as long as it takes

[marmar80] 10/11/2020 13:57

Thats why I can see this moving same path as Eurasia :) keep up a good work lads

[the bull] 10/11/2020 13:55

wow, over £68M profit next year, what in heavens name are we sitting at little over 7p, almost a no brainer unless they stuff it up

[billyusa] 10/11/2020 13:47

How is the Snakes short going? Haven't heard from him for a while. Great entertainment he is.

[nomolos1] 10/11/2020 13:35

A holder from BRR days here. Find the speculative businesses that are a case of when not if and just hold has been my approach.Sorry to hear about Wendy D - she was very knowledgeable, and wasn't afraid of an argument.

[bullster] 10/11/2020 13:34

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The Bull,

I have altered the chrome figure, after reviewing the RNS, $3 per tonne earnings can be seen, £2.27. I have adopted $4 per tonne, £3 or thereabouts.

Chrome is very tricky, the amount we produce is set to shoot up, as could the price of chrome, earnings could easily go up from $3 to $30 per tonne over this new financial year.

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[ginko3] 10/11/2020 12:52

Skip I get mine from investegate.co.uk, they always seem fairly on the ball

[spaceparallax] 10/11/2020 12:42

These results make much cheerier reading - looking financially very solid, good performance and solid outlook. Have we turned the corner perhaps?

[gsg] 10/11/2020 12:19

The pics of copper plate stacks at Sable look great.

[the bull] 10/11/2020 11:58

Better hold onto this for another year then. If your prediction is true though bully and the price stays around where we are, for sure we will get snapped up before witnessing those figures.

Is the CHR figure of 16p per tonne correct?

[moneyman50] 10/11/2020 11:34

Appears the 5% brigade are cashing in their sort term small gains.
Results look very good and balance sheet look strong especially with current assets (£33 million) more than double current liabilities (£14 million)
Looking forward and assuming no major downturn in metal prices we could be in for profits after tax of £60 to £80 million for the year ending 30 June 2021.
Out of this a dividend of 1p per share could be paid (cost circa £20 million)
On a dividend yield of 7.5% this would give a share price of circa 13p-very modest.
Agree with Plathunter -lots of gaps here-especially in the understanding of the potential of the company and it’s performance this year in these very difficult Covid times.As we emerge from the Covid crisis demand for metals that help the environment can only increase .

[the skipper] 10/11/2020 11:18

Does anyone else get their RNS alerts from Digital Look? I've missed a few recently as they have not been coming through, including JLP's this morning.

Can't fault JLP though and I will be topping up once the gap has been filled. I particularly liked this bit from Colin: "We produced and sold our first copper cathode from tails in March 2020 and have since brought the cobalt steam on-line. The refinery has reached full operational readiness to step up production in-line with the commissioning of our copper tailings projects." That is going to be an incredible cash cow for many years to come.

However the omission of any reference to Tjate suggests to me that it is a very sensitive issue at the moment and a very nice surprise might be in store once negotiations have been completed.

[lostabillion] 10/11/2020 11:07

The frustrating thing is, I was eyeing up Cineworld yesterday!!!

Look at it today too!!!!!

[lostabillion] 10/11/2020 11:05

Annoying isn’t it Deme1 ;—)

[lostabillion] 10/11/2020 11:02

Bull, 7.00 - 7.10 close and the drift to my 6.5p limit order in a few days hopefully :-)

[kennyp52] 10/11/2020 10:55

From the other board....

Bullster10 Nov '20 - 09:02 - 3243 of 3243
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What can we expect for next FULL YEAR RESULTS.

PROJECT EARNINGS :
PGM 60k ounces @ £924 = £55,440,000
CHR 800k tonne @ £0.16 = £128,000
COP 4k tonnes @ £2,800 = £11,200,000
COBALT 500 tonnes @ £10,220 = £5,110,000

£71,878,000 earnings
£6,000,000 group costs

£65,878,000 group profit


I cannot dispute this and see Bullsters prediction to 30/6/20 was near enough perfect as an estimate

[the bull] 10/11/2020 10:54

bet it ends up level or slightly red, seen it time and time again but in the end, we get there

[mikebolle] 10/11/2020 10:31

Yes Plat you are correct; lots of gaps here...specially in the profits of this little company. Earnings growth is not linear, it gap up (lol)