Jubilee Metals Share Discussion Threads

[robers98] 14/11/2020 12:45

Having spent the last 3 weeks fighting this virus. Had to trawl through multiple posts of nothing.

Most interesting posts I have read have been from billyusa with his views on slp.

I believe leon is currently very busy, so is the work on copper, tjate, dcm or further chrome news? If he has stated that the copper capex is from the banks and cashflow then I know who I believe. Leon really has done his level best with the cards he was dealt. The message on shareholder dilution has been discussed to death at agms.

What would be more of interest to me that is what the board have on the radar now. From earlier presentations the copper deals might not have been signed this year but they have. Leon is already on record as having spoken to south America company to tell them when we would be ready to become involved. Although a deal with someone in Australia would make more sense in the current covid climate. Imo

[plat hunter] 14/11/2020 12:36

Fingers crossed past failures that have strung shareholders along, arn't getting drip fed.

[plat hunter] 14/11/2020 12:34

We also need to find out what the 12 million write down was for

[bullster] 14/11/2020 12:05

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TRUMP WON ELECTION IN A LANDSLIDE.

FBI COMPLICIT IN VOTING FRAUD.
REPUBLICANS OWN MORE GUNS TO STOP THE OVERTHROW OF THE CONSTITUTION.




RELEASE THE KRAKEN.

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[eblitz1] 14/11/2020 11:37

Serious Post..
Can everyone please explain why they are biting on Plathunter comments....
We know who he is and what his angle is.
As far as spending cash is concerned in this strange environment he may have a point if the BOD are reckless. But there is no point in cash staying in the Bank and the growth that will apply to the Company once he has built the projects will be immense.
From the last video he did allude to consolidating what they have got unless something exceptional comes along. Plathunter has his own bitter agenda and the more you bite at his words the more rubbish comes back let it go !!

[plat hunter] 14/11/2020 11:30

Kenny...."100 million easy, where do you want to start from, the original BMR transaction or execution of Roan?We should start from BMR as without it, we're not even in Zambia buying Sable and pretending it's for Kabwe clean up whilst retrofitting it for copper production but all that is around 40 million. I'll leave that to you though.Roan phase is circa 40 million... the cost of the processing plant is circa 25 million I think leon stated and 15 million is set aside for the purchase of the copper acquisitions.Then there's Elephant, who knows total cost here but to double sables output then there has to be another refinery purchase included at the minimum100 million looks quite conservative to me.Only take 5 years of pgms at record prices to cover that."

[sb] 14/11/2020 11:26

"I for one hope that he carries on at the same pace over the next few years and turns this into a billion dollar company which IMO is only a couple of years away and Just imagine $1500 platinum which I don’t think is too far away."

Helped by the Amplats closure...

Platinum and palladium prices look set to jump higher on news of AmPlats closing its ACP plant in South Africa • AmPlats says it is working to minimise disruption to contractual obligations with its customers but may struggle to find available palladium in an already tight market. • Amplats has lowered sales guidance for 2020 to c.2.5moz of PGMs vs 3.1-3.3m oz previously leaving a shortfall of 600,000-800,000oz on expectations. • To be fair AmPlats has warned of problems at its ACP convertor in its Q3 report in October when it warned of a problem with the unit which has suffered multiple water leaks but is now considered too dangerous to operate. Water leaks and hot PGM concentrates don’t mix well in a hot smelter! • AmPlats are looking to commission another unit to compensate for the loss of the ACP before the year end. This was originally scheduled for Q2 2021. • AmPlats use a proprietary process where they convert and pour the hot matte material into a nose-cone shaped crucible where the metals separate on cooling. The PGMs separate from the base metals and are broken away for further refinement in a PGM refinery. Conclusion: The loss of AmPlat’s ACP converter will restrict Pgm supplies for 6-12 months even assuming a smoother commissioning of their new plant.

[plat hunter] 14/11/2020 11:25

Kenny 100 million is easy and O've posted a couple of tines since you asked but the ramping morons keep drowning it out for some reason.Search your name in the thread, they're addressed to you.

[plat hunter] 14/11/2020 11:23

Kenny is not so much the investment, it's the scale of the investment, over the current earnings available cash and equity and the speed of the spending.Essentially the expansion is utilising pretty much 100% of earnings, which is shareholder cash at the end of the day.So what happens if pgm prices don't hold or Leons great vision isn't exactly as he imagined. Either JLP need to leverage for working capital or shareholders get diluted.Despite what they'll claim.. Copper is not derisked

[plat hunter] 14/11/2020 11:09

Take a breath lol

[nelson01] 14/11/2020 10:55

We still have an easy 5 bagger from here whilst plat hunter (the druggy) gets dragged from his cardboard box on the high street and taken to the loony bin screaming It’s too dear, it’s too dear.

[nelson01] 14/11/2020 10:48

Jlp has gone from making nothing just a couple of years ago to 5 million per month and this time next year 7 million per month and the year after 10 million per month and all because Leon had the balls to speculate to accumulate and what a brilliant job he has done, but this is just the start. I for one hope that he carries on at the same pace over the next few years and turns this into a billion dollar company which IMO is only a couple of years away and Just imagine $1500 platinum which I don’t think is too far away.

[nelson01] 14/11/2020 10:36

I put more weighting with Leon and the great little hugely profitable company than the ramblings of a bitter delusional drug user.

[moneyman50] 14/11/2020 10:28

Agree S.B-Plathunter is becoming so delusional he can not see the wood from the trees or should I say the PGMs,copper and other potential high income generating metals from the tailings
I put more weighting with the management of the company and other financial professionals than the negative witterings of one individual who appears to have sold out too early.

[sb] 14/11/2020 10:12

hxxps://jubileemetalsgroup.com/investors/rns/quarterly-operations-update-q3-2020/

"PGM and chrome operations delivered record high quarterly operational earnings of £ 15.17 million (ZAR 332.36 million) surpassing the previous operational record set during the full H1 2020 period"

"“The Jubilee team has delivered an exceptional performance during Q3 2020 and I thank them for their dedication and drive. The Q3 2020 results bode very well for our projected H2 2020 performance and hold the potential to significantly surpass our previous best half year performance; H1 2020. I look forward to the addition of our copper operations in Zambia to these numbers in the future."

[plat hunter] 14/11/2020 10:02

5 million a month earnings operational net earnings from pgm.Ha ha ha... If you say so... 25 million for the year ma

[sb] 14/11/2020 09:48

Plat is wildly thrashing around trying to paint as black a picture of the ethics of Leon as possible... because that's what he is suggesting...that JPL is a scam and being run by liars....to suit his own purposes. Frankly, I know who I would put faith in...and have.

[moneyman50] 14/11/2020 09:06

Plathunter you do realise the company is generating £5 million per month which in my calculation takes under two years to generate £100 million and not five years.
Not all the capital expenditure will be spent tomorrow and will be incurred over say 36 months.
In my calculations (see my post yesterday) we have at least £30 million available short term which is only increasing month by month
You also forget the new income streams that will come on line shortly (eg copper income) thar will only increase our monthly income
Finally if your £100 million is correct they will be income coming online from this expenditure before all the capital expenditure is incurred
Time to take a logically balanced approach instead of peddling the worst case scenario 24/7.

[kennyp52] 14/11/2020 08:52

Bullster .. the fact is that you raise cash with new shares which adds to balance sheet value . But 45% means your existing shares devalue to accommodate the new issue . So I for one don’t want to see an share price of 3.85P !! Anyway Leon has stated no dilution .. his reputation is on the line with existing shareholders on this one .

Plat .. I wish I had triple bagged on all my holding ! This is where I am at but also took profit on 500k shares @ 5.66p .. pretty much same time as you ... then got 125k back at 5.2p and happy to sit tight with what I have to see if we can get the double digit share price everyone on the boards seems to think we will get .

Highest price paid: 5.20p
Lowest price paid: 2.23p
Weighted average price paid: 3.84p

[plat hunter] 14/11/2020 08:40

Kenny100 million easy, where do you want to start from, the original BMR transaction or execution of Roan?We should start from BMR as without it, we're not even in Zambia buying Sable and pretending it's for Kabwe clean up whilst retrofitting it for copper production but all that is around 40 million. I'll leave that to you though.Roan phase is circa 40 million... the cost of the processing plant is circa 25 million I think leon stated and 15 million is set aside for the purchase of the copper acquisitions.Then there's Elephant, who knows total cost here but to double sables output then there has to be another refinery purchase included.100 million looks quite conservative to me.Only take 5 years of pgms at record prices to cover that.

[marmar80] 13/11/2020 23:16

At AGM in December 2019 we had 2 017 509 573 shares+95 000 000 (issued 24 June 2020) =2 112 509 573 as of today.