Jubilee Metals Share Discussion Threads

[plat hunter] 03/1/2021 20:04

That 80% is the key really, I suppose, it's quite a buffer

[sb] 03/1/2021 20:01

You just need to register.

[billyboy2fromiii] 03/1/2021 19:55

Hi Plat,

The prospectus says.......... At least 80% of the Fund will be invested in the shares of very small companies and investment trusts listed on UK stock exchanges. These are companies whose market capitalisation (the market value of a company’s shares) is £100m or less at the time the initial purchase is made............. No mention that they would have to sell their holding when the share price rises. BB2.

[plat hunter] 03/1/2021 19:45

JLP isn't a nano cap anymore though. I haven't looked but max MCAP will be stipulated in the funds prospectus.If they do sell, who it goes too would be of bigger interest

[billyboy2fromiii] 03/1/2021 19:30

SB,

That is interesting. Is that with the free version or the paid for version? BB2.

[sb] 03/1/2021 19:26

Yes, it does.

[billyboy2fromiii] 03/1/2021 18:52

Robers, thank you for that info. Do MorningStar have the facility that you can search an individual share to identify which funds hold it??? BB2.

[robers98] 03/1/2021 18:14

Yes BB2 Marlborough have held for a couple of years

Morning Star also show holding in UK micro cap fund.
Also Mandarine and Gestión Boutique Bissan funds.

[billyboy2fromiii] 03/1/2021 18:10

Hi,

The previous post referred to Marlborough Nano Cap Growth.

BB2.

[billyboy2fromiii] 03/1/2021 18:09

Hi,

Doing a bit of research this am and I noticed that the above fund has (as at 30th November 20) Jubilee Metals as its largest shareholding at 3.93%. The fund is managed by Alpha Manager Rated, Giles Hargreave and Trustnet quote him as "one of the UK's leading small cap investors and has earned numerous awards".

So that is Marlborough, Premier Miton and Slater who we know have all got Jubilee in their fund(s).

BB2

[robers98] 02/1/2021 22:37

A bit of copper smelter reading.

[robers98] 01/1/2021 19:19

Posted by jammer on bmr thread.
At no one watching time, on 23 December 2020, the 2019 accounts up to 31 December 2019 for the company were posted on the company's website. Note it was not the group's accounts and the reason given is weak. However, by the middle of 2020 the BMR group ceased to exist in effect when the Enviro subsidiary companies became subsidiaries of Jubilee Metals, who then sorted out the renewal of the small scale mining licence for 10 years. Shareholders will see in black and white what they really knew in their hearts. The devastated financial state of their company is set out starkly. In fact it appears it is being propped up as a going concern by a director, almost certainly Colin Bird, until some source of revenue starts to materialise. But there is hope of eventually something coming back to the shareholders but it will not be riches. More about the company's future is to be set out in Q1 2021.
For the first time there is a better explanation of exactly what the Kabwe Project includes and the 3 phases Jubilee is going through to monetise it. There is also confirmation that the royalty has now been reduced to 11%. The good news is the project includes earnings from 3rd party copper rich material up to a target of 3000 tonnes of copper cathode a year, and I believe earnings from such source(s) should now be underway. It also appears to include future earnings from local 3rd party zinc rich material, which presumably will come from Star Zinc and eventually Ka.hitu, should Galileo prove it to be commercially minable. This will be on top of the earnings from the Kabwe tailings. But of course Jubilee's significant capital expenditure, and the interest on capital supplied to get everything going, has to be paid off first from the Kabwe Project earnings, so it will be a while yet before any payments come to BMR through the royalty. But at least the unknown copper part of the project should bring forward that day considerably.

[deme1] 01/1/2021 19:10

copper is where it's at :)

[frogkid] 01/1/2021 19:02

Plenty of insti buyers for lostdaplot 27 million

[jackthecat1] 01/1/2021 18:26

JLP is Premier Miltons biggest holding in their small cap micro fund. Say no more.

[tonyevo256] 01/1/2021 18:07

And this why other institutional investors are snapping up your shares for peanuts...

[mark of the rushes] 01/1/2021 17:33

Gervais Williams (Premier Miton), when asked if he'd be a buyer of Corero Networks and JLP(the best two performers in his fund this year), said they've been selling Corero BUT if they didn't currently have JLP in the fund then yes they'd be a buyer at these levels.

[tonyevo256] 01/1/2021 17:18

Happy New year all. Plat and Pal set for a stellar year, hold your share tightly......

[frogkid] 01/1/2021 12:22

Love that shotby. Thanks

[alwaysevolving] 01/1/2021 12:16

No worries Frog. Happy New Year everyone. Here’s to a prosperous one for us all.

[frogkid] 01/1/2021 10:55

Hi alwaysevolving, thanks for that link. What sort fascinating subject. I don't think i will be buying bitcoin.Happy New Year one and all.

[jackthecat1] 01/1/2021 10:31

cheers Robers. i'll have a look.

[robers98] 31/12/2020 23:53

Not jlp specific but copper in Zambia is discussed.