Jubilee Metals Share Discussion Threads

[9tintin] 15/1/2021 08:45

Bullster

I fully understand that your 'costs' figure is purely a NOTIONAL number, I do get where you are coming from, the basket price you are quoting is based on a historical (now superseded) guestimate to produce your final earnings figure, I have no problem with that - it's your way of fixing an answer to a question.

It is an artificial means to end, in as much that you arrive at the 'right' numbers but by the wrong metrics.

I guess it's the mathematician in me that finds this worrying.

Nevertheless I appreciate the work you do on here - no agro intended.

Regards

tintin

[marmar80] 15/1/2021 08:18

Rhodium ended yesterday @ 20.5k USD

[robers98] 15/1/2021 08:02

Broker notes and leon interviews today with some TR1 notices next week. Wonder if jlp will be doing the online indaba in February.

[frogkid] 15/1/2021 07:03

Morning Bull, great visual, thanks for sharing!

[plat hunter] 14/1/2021 22:30

Sold them both the other day Kenny.

[gsg] 14/1/2021 21:46

If extended high palladium and rhodium prices can spur on Anglo's earnings, they will surely do the same for Jubilee. The article also points out how good copper will be for Anglo, so Jubilee couldn't be in a better space.

[deme1] 14/1/2021 21:44

Your only about 9 hours behind Kenny :)

[kennyp52] 14/1/2021 21:31

Six Month Operations Update
H2 2020
Further Record Growth Achieved

Jubilee, the AIM and Altx traded metals processing company, is pleased to announce its unaudited operational results for the six month period ended 31 December 2020 ("H2 2020").

Highlights

· Jubilee's PGM3 and Chrome operational earnings1 for H2 2020 increased by a record 123% to GBP 28.4 million (126% increase to ZAR 603.3 million2) from H1 2020
· Jubilee's attributable PGM and Chrome revenue1 for H2 2020 increased by 64% to GBP 48.2 million (66% increase to ZAR 1 billion) from H1 2020
· Jubilee's Sable Refinery achieves early earnings from its copper and cobalt production as part of securing operational readiness to accept first production from Project Roan, achieving attributable operational earnings of GBP 1.8 million (ZAR 39 million)
· Both the chrome and PGM operations deliver record operational performance
· The implementation of Jubilee's copper strategy to achieve 25 000 tonnes of copper units per annum gains momentum with the commencement of the construction of Project Roan's copper concentrator with phase 1 expected to come on line during Q1
· Jubilee secures in excess of 288 million tonnes of copper tailings with the further addition of an approximate 18 million tonnes of tailings in December 2020
· During the period H2 2020 Jubilee successfully completed the addition of its new 35 000 tonne per month Windsor 8 chrome operation where production commenced in October 2020 and commenced the construction of the new 80 000 tonne per month chrome operation adjacent to its Inyoni PGM operation
· Jubilee approved the further expansion of its PGM Inyoni operation which will commence in February 2021 and is targeted for completion in April 2021

[kennyp52] 14/1/2021 21:17

Plat .. what you doing posting you are all cash when you definitely got HUM and CEY ..or have you sold them as well ? Buy the dip here .. if there is one .. the price is ready to rise on news .

[frogkid] 14/1/2021 20:49

Good post Tony

[tonyevo256] 14/1/2021 20:28

A slightly leftfield look on why some JLP LTH are bailing.It's really nothing to do with the company or its prospects. It's psychology or as some have termed it "the wall of fear". If you have seen your investment grow 500% like some of us have and are now sitting on paper profits of 100ks the wall of fear becomes much greater. I have experienced it myself and it can make you irrational to the point that you lose sight of the bigger picture and you start to obsess about a perceived danger that may not exist. I am fine with people bailing to crystalise a gain but think about it, JLP is a leader in a booming sector, it's profitable, it's growing, it's P/E is cheap. So is leaving your money in JLP such a big risk in reality or just in your mind.

[robers98] 14/1/2021 20:22

Shares going to ii's. They will want more than to double up, can't be long before a dividend policy is proposed.

[marmar80] 14/1/2021 20:11

Just saw the last trades. What a volume. All of this just adds to the massive support made at 13p

[bullster] 14/1/2021 19:34

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I was hoping to breakdown the copper earnings, i suspect they are falling well short of W.H. Irelands' forecast, maybe to be expected untill the higher volumes from Roan are in steady production. Earnings of £1.8m were stated but amount of production withheld .

Not to worry as the statement below gives confidence of future copper earnings:

"Copper prices have been volatile in recent years, but the price recovered strongly in 2020 touching on a 5 year high and market forecasts suggest that it will remain strong. At current prices and current operating margins maintained at the Sable Refinery for the production of copper cathode and cobalt concentrate, combined with the performance of Jubilee's large scale piloting test programme on copper tailings, the project holds the potential to more than double Jubilee's current earnings profile."

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[frogkid] 14/1/2021 19:30

The point i make HG is that it is actually quite hard to lie about the name of a boat.

[highly geared] 14/1/2021 18:41

Titanic...

[frogkid] 14/1/2021 18:24

You should probably drop this now tintin !

[frogkid] 14/1/2021 18:21

Can someone ask Lostdaplot the name of his boat please? He refuses to answer me.

[bullster] 14/1/2021 18:16

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9tintin,

This is the last time that i'm going to explain this to you.

My "cost to produce" is adjusted upwards, i only called it that then people would know why i was deducting it from my BBI figure.

We've allways known the BBI worked out far higher than the real basket figure because we have allways known the cost to produce figure, the company has allways told us in RNS.

A higher ctp is used to compensate for the difference between the two sets of basket price. We set our prill years before W H I gave us theirs.

end of..............

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[deme1] 14/1/2021 17:42

he sold out to try and trade the brexit deal over on Lloyds and:

1 he refused to sell lloy at a loss
2 he can't bare to buy back into JLP at more than he sold them for.

I think he wantd to prove to himself he can trade when in reality his timings could not have been worse.

Hay ho

Onwards and upwards for JLP now.
With that overhang out of the way we should motor on

[alwaysevolving] 14/1/2021 17:36

Deme1, I shouldn’t worry too much about lostas 6p. His share price predictions over the years have always proved wildly inaccurate.

What I don’t understand is, as soon as it looks like some of his earlier lower predictions of 20&30p could actually realistically come to pass he sells out?