Jubilee Metals Share Discussion Threads

[marmar80] 13/11/2020 22:56

You are the man then.Looks like Advfn never added those 95m shares to the total issuance.Well, 4.5% more shares issued in June 2020. Without shareholders approval in Dec 2019 they wouldnt be able to do it and wouldnt secure this deal.

[plat hunter] 13/11/2020 22:44

Thu, 18th Jun 2020 07:00RNS Number : 3023QJubilee Metals Group PLC18 June 2020

[marmar80] 13/11/2020 22:36

If that happened after the last year AGM, then I'll leave this BB and say you are the man :)

[plat hunter] 13/11/2020 22:36

Marmar apologies, it wasn't a placing.JLP gave them a 5 million (back hander with share holder cash) erm i mean advance on funding. Advance funding for what, exactly? JLP already assigned themselves as project executors and funders.Why did they need 5 million upfront?

[plat hunter] 13/11/2020 22:28

Flash to bang.The longer it takes you to hear it, the less time you have.

[marmar80] 13/11/2020 22:27

When was that exactly? Date?

[marmar80] 13/11/2020 22:26

Ok man, you partially won it.I made mistake saying that no new shares have been issued in the last 12 months.However my aim was to say No new shares have been issued after the last year AGM.See what I mean.We had 2,017,509,573 shares after the last placing in November 2019.AGM was on 6/12/2019. One of the resolutions was to allow the company to issue 100% more shares.Resolution has been passed.As of today we still have 2,017,509,573 shares and new AGM in December with resolution to let them issue 15 and 30%. Leon said they not planning any equity rise, so I take it as a word. If you look positively you will also see a resolution to allow them buy back 15% shares. That's how I see it.

[plat hunter] 13/11/2020 22:25

That wasn't even the last placing, the issuance is 2.1 You're forgetting the dilution for the acquisition of the first tailings dam

[marmar80] 13/11/2020 22:05

14 November 2019Jubilee Metals Group plc("Jubilee" or the "Company")Equity Placing to Support Targeted GrowthJubilee Metals Group Plc ("Jubilee" or "the Company"), the AIM and Altx traded metals processing company, is pleased to announce that the Company has raised GBP6.49 million (ZAR 124.45 million) (before expenses) through a placing of 162,208,900 new ordinary shares in the Company ("Placing Shares") at a price of 4 pence per share.Application will be made for the Placing Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will become effective on or around 21 November 2019. The Placing Shares will rank pari passu with the existing ordinary shares of 1 pence each ("Ordinary Shares").Following the issue of the Placing Shares, the Company will have 2,017,509,573 Ordinary Shares in issue, each share carrying the right to one vote.

[kennyp52] 13/11/2020 21:56

Marmar80 ... your post 30347 ...

“No news shares have been issued in the last 12 months”

These shares were issued within the last 12 months . You don’t understand the dilution factor ... you don’t know there was a share issue ... but you are correcting me 🤷‍a94;️

Plat ... cards on table .. where you get 100m from ? Is that Rand ; dollars or £ and where the fek you getting that from ?

[marmar80] 13/11/2020 21:28

Results of AGMJubilee's Annual General Meeting was held at 11 a.m. today (1 p.m South African time), Friday 6 December 2019. Resolutions 6 and 8 were withdrawn and all the other resolutions proposed at the meeting were passed.6 December 2019

[marmar80] 13/11/2020 21:26

Kenny, that what you say was BEFORE the AGM in Nov 2019.

[deme1] 13/11/2020 20:34

Talks that Biden wants a six week lockdown in the USA.

That will smash the Dow down around 4000 points.

Don't do not Biden!

[moneyman50] 13/11/2020 19:02

Kenny 52-why are you taking Plathunter figures of £100 million as read?
Until he is able to provide evidence that his capital expenditure figures are correct he appears to be just plucking figures out of the air in an attempt to deramp the share?
Please review my post regarding the near term cash resources of the company which are based on information published by JLP and not the ramblings of Plathunter,
Leon has also said that no further share issuing fund raising is required

[kennyp52] 13/11/2020 19:00

Marmar80 ... you really need to do research ... on 14/11/2019 JLP announced :

Jubilee Metals Group Plc ("Jubilee" or "the Company"), the AIM and Altx traded metals processing company, is pleased to announce that the Company has raised £6.49 million (ZAR 124.45 million) (before expenses) through a placing of 162,208,900 new ordinary shares in the Company ("Placing Shares") at a price of 4 pence per share (the "Placing"). The Placing Shares represent approximately 8.0% of the enlarged issued share capital.

They call Colin Bird the confetti canon ... so when any suggestion of dilution rears it’s ugly head then I for one get nervous .

Have a good weekend

[kennyp52] 13/11/2020 18:50

Homeytheclown ... thanks for that . Just with Plat reckoning on 100mn to set up the copper and reviewing the cash balances at year end then we do seem to become reliant on the basket price holding alongside production to generate that kind of cash . Cannot recall ever seeing a rights issue in the past so maybe the message there is if we have to go to the market the shareholders will get the chance of a corner . I am not against dilution per se it’s just that JLP have done so much of it I don’t think shareholders will take much more and it’s time patience was rewarded IMHO .

[plat hunter] 13/11/2020 18:49

Nowhere near derisked G

[gsg] 13/11/2020 18:34

PH. The copper de-risking has passed. You are behind the times. If you could get up to speed, you could still make some money.

[plat hunter] 13/11/2020 18:24

I don't think that's true Marmar. Aren't you forgetting the first copper dam purchase?

[marmar80] 13/11/2020 18:12

Checked the last year AGM resolutions in November and see some similarity. Shareholders have voted for allotment of new shares of 18M nominal value (100% more).No news shares have been issued in the last 12 months.Relax. Have a nice weekend.

[gsg] 13/11/2020 18:04

PH. FFS give it a rest. I normally welcome your input

But you're sounding more and more unstable or desperate, or both.

Beginning to feel sorry for you in the same way felt for Krypton, before he/she was filtered.

[nelson01] 13/11/2020 17:39

Bless him, he doesn’t realise we are making 5 million per month.

[moneyman50] 13/11/2020 17:11

Mr Plathunter you also need to take into account the £15 million operational earnings in the quarter to 30th September and of course another £5 million plus for October (estimate based on current PGM prices )
Your early assertion that the company is not in a position to pay it’s current liabilities is incorrect as it clearly ignores trade debtors receievable as at 30th June 2020.
Net current assets as at 30th June £22 million plus post this date earnings for 4 months say £20 million gives £42 million.Being very prudent call this £30 million very short term funds available
There appears to be ample funds for capital expenditure considering at least a further £5 million per month will be generated from PGms

[plat hunter] 13/11/2020 16:32

So how much runway left Moneyman?