Jubilee Metals Share Discussion Threads

[marmar80] 15/1/2021 14:52

True. Very true. Floor at 13p is confirmed again.

[daocana] 15/1/2021 14:50

lets be honest..this was fantastic news today..gives me great confidence going forward..just what we needed today..puts a solid floor under the share price .

[dekle] 15/1/2021 14:50

Why haven't they named the institution or have I missed it?

[deme1] 15/1/2021 14:47

or was at a discount according to PI

[sb] 15/1/2021 14:43

It was at 13p so no discount ...and you can hardly blame them for taking in cash what they had taken in kind previously when the company financial position wasn't strong enough.

[scrappycat] 15/1/2021 14:40

I think it is an excellent move. Also adds additional protection in the case of a potentially hostile T/O attempt.

[mikro1] 15/1/2021 14:36

Losta - I wouldn't go that far.. just mildly annoying. Shareholders can hardly get too upset as the company's performance has been spectacular and so has the share price rise. It is a changing of the guard of institutions and the Directors cashing in some of their gains (as you have).

[billyboy2fromiii] 15/1/2021 14:34

Tintin, you are getting this wrong. These shares are not new shares they were always going to be issues from the convertible loan. JLP have not issued more share directly to accommodate the institutions. ACAM have converted part of the loan to get their shares and then sold these at 13p to the institutions. This is much better than them converting (which they were always going to do) and dripping the shares into the market to sell them over several months. The convertible loan is clearly stated in the Annual Report and once the share price went up it was always going to be converted (the rest will n9 doubt be converted in due course). But this is totally different to a placing where ne2 shares are issued (usually at a discount).

Losta, you are well versed with JLP and you should know the above info. For you to think this is new dilution, well you should know better! BB2

[lostabillion] 15/1/2021 14:31

Tintin, you’re quite right it stinks!

Dilution to the tune of 5% despite them promising yet again that it wouldn’t happen.

Frog & side kick Nelson, there is no way I’m going to divulge the name of my “boat” as you put it, to a couple of stalkers.

[adejuk] 15/1/2021 14:30

calm down to a panic
all this sh.t is about peeps positioning for the huge rerate.
i hope :-)

[juju44] 15/1/2021 14:28

Birdy has frequently filled his wallet from the wallets of the lumpen

[mikro1] 15/1/2021 14:24

I don't like it - but I cant complain as I'm 80% up overall.

[9tintin] 15/1/2021 14:05

Well the feel good factor didn't last long,,,,,,,,,,,,,,,,,,,,,,

tintin

[spaceparallax] 15/1/2021 14:04

Good news, a real thumbs up for the Business that should further help to maintain the recent share price strength.

[9tintin] 15/1/2021 13:59

The more I think about this - it is a sell out to institutional investors - the only surprise is that it wasn't at 10p !!!

tintin

[frogkid] 15/1/2021 13:56

You got that right Nelson!

[jackthecat1] 15/1/2021 13:56

indeed Dusty, my sentiments exactly. 100%.

[9tintin] 15/1/2021 13:56

As said above it is a conversion of loan notes - but Jubilee could have paid that off out of cash flow, and of course Birdy cashing up his nest egg.

Just imagine what institutional buying in the market would have done for the share price !!

I'm with Deme on this

It sucks.

tintin

[tonyevo256] 15/1/2021 13:55

Our debts are now repaid, and we dont owe the salaries, so there is a financial benefit to the company.

[dusty101] 15/1/2021 13:54

In a few years time if JLP haven’t been taken out then instead of the possibility of paying dividends they could easily buy the shares back as they will certainly have spare capital. Yesterday’s and today’s RNS’s are both fantastic news showing confidence and growth in the years ahead. Give this three years and the share price will be in the ££££££££££££££’;s.

[plat hunter] 15/1/2021 13:52

Tonyeveo...

Of course it's dilution, it's conversion of debt into equity. Where do they get the shares from if not creating them?

[9tintin] 15/1/2021 13:51

Tony

That's the point - the company as such don't get the money - Birdy and the debt provider ACAM get the dosh!

AND it does up the 'issued' share capital of the company by 100 million shares.

tintin

[plat hunter] 15/1/2021 13:50

You're not a LTH if you traded it Deme..


The II's don't have that luxury of trading a position with 100% of their pot.