Jubilee Metals Share Discussion Threads

[billyboy2fromiii] 17/1/2021 06:31

Bullster,

Have you (or anyone alse)got a model on expected Chrome earnings? Year ending 06/20, earnings were £803,000 from 377,883 units so £2.12 per unit earnings. My model seemed to show earnings from Chrome going up by four to five times per unit due to the new fixed processing fees. The six months to 12/20 showed enhanced earnings of £1,005,000 from 319,834 units, so £3.14 earnings per unit. The update stated the rise in earnings was due to new fixed fees. However, the earnings are below my model. Have I misunderstood and expecting too much? Obviously fully understand Chrome is “the enabler” for the PGM but what was anyone else expecting from Chrome earnings? BB2

[plat hunter] 16/1/2021 22:57

So if someone posts on LSE that's defacto is it?

[deme1] 16/1/2021 22:24

How will TW apologies to the ones that took his advice on Friday!

[tonyevo256] 16/1/2021 21:23

Like many TW let his emotions get the better of him on Friday..but at least he admits he got it wrong.

[danieldanrichardson] 16/1/2021 20:50

I didn't realise anyone respected Losta's posts. Unbelievable.

[jackthecat1] 16/1/2021 19:31

here here Kenny, 1000% spot on both posts

[kennyp52] 16/1/2021 19:17

Losta .. to think I used to respect your posts . You are clueless . A conversion of debt to equity does not impair the net assets of the business ; in fact it increases them ... shareholders are not losing out . It gives the shareholders the control rather than a lender . It’s a very positive move which supports further investment and expansion ensuring that finance of the copper projects is solidified . 6p retrace .. what an absolute fantasist you are . I’d be surprised if you have a dinghy !

[sb] 16/1/2021 19:00

And to back up the point about JLPs technical capability... From the half year statement:

Jubilee has positioned itself to ensure that it is well placed to take advantage of this growing market. The success in Zambia to date is a clear demonstration of the team's technical know-how and IP when it comes to processing copper tailings and the Company will continue to assess opportunities to implement the copper strategy on a global scale, replicating this success in new jurisdictions.

[bullster] 16/1/2021 18:06

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Good luck Colin!

Enjoy your $2m.

p.s. Has lostabillion told you to buy back in at 6p.

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[goingforarun] 16/1/2021 17:37

After the last six months share price performance quite happy that he wants his money back?

[tonyevo256] 16/1/2021 17:35

Yes the info was always in the public domain, any serious investor would have done at least a 5 year historical check of the financials and known that Leon and Colin took their salary in shares and the that the debt was convertible. Nothing sinister..It's basic research. Yes by today's standards the CLNs seem generous but they were issued when the Sp was around the strike price...

[sb] 16/1/2021 17:30

Quite ....and one of them is 74 years old and probably wanting to wind down his corporate activities. Frankly, the less he has to do with JLP's public persona probably the better ...

[goingforarun] 16/1/2021 17:21

Just trying to get my head around all the hullabaloo on the placing? So a man who saved the company by lending it money at a critical time and a man who gave his wages up want their money back and a bond sold to purchase 20 years of Copper tailings are following through on the terms? All known items which were bound to come to fruition?

[plat hunter] 16/1/2021 16:34

Just look it up, it'll be there on sharepad, stockopedia or any other information provider you might want to use.

[nelson01] 16/1/2021 16:29

Lol..... ask him how much he would of made if he still held his shares.

[tonyevo256] 16/1/2021 16:19

Also are these your own calculations or plucked from the internet because the FCF figure where did you get the info to work that out?

[nelson01] 16/1/2021 16:06

Lol...... no they are all wrong, the price cannot have gone up whilst I sat on the sidelines..... no.....no.....it's impossible.....lol....what a sad bitter little druggy you are.

[bullster] 16/1/2021 15:51

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"Jubilee, the AIM and Altx traded metals processing company, is pleased to announce a placing of new and existing ordinary shares representing 4.96% of the enlarged issued share capital of the Company to meet institutional demand."

PLACING
A method of selling shares to your own designated recipient.

JLP SHARES
Had to be created, as they didn't exist beforehand.

BIRD AND COETZER SALARY SHARES (LEON HAD MOST)
Created shares


"-- Directors, Colin Bird and Leon Coetzer, are owed shares in lieu of the salary sacrifices they made over an extended period between 2013 and 2017. To make the Placing possible both directors have agreed to release all such shares towards the Placing."

"-- The substantial investment made by these blue chip institutions is facilitated by both the partial conversion of the convertible loan note held by ACAM LP, which facilitated the acquisition of the Sable Refinery in 2019, as well as a share contribution by certain Jubilee directors"

THE FIGURES
99,883,085 new shares @ 13p = $17,659,329
11,547,555 existing Bird personal shares @ 13p = $2,041,608
111,430,640 TOTAL

"In order to satisfy demand and to meet the minimum investment criteria of the two institutional investors, Jubilee has secured a total of 111,430,640 shares"

EXISTING SHARES
"-- In order to make-up the shortfall to the required minimum investor allocation, Colin Bird has further agreed to the sale of his 11 547 555 shares held by him in his personal capacity."


I have edited this post.

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[plat hunter] 16/1/2021 15:39

No Tony,It's the twelve month rolling forecast

[tonyevo256] 16/1/2021 15:28

Is that based on last years results?

[gsg] 16/1/2021 15:12

By Jean Marie Takouleu - Published on January 6 2021

The World Bank is committing $65 million to finance an environmental remediation and restoration project around several mining sites in Zambia.

Mining that benefits the Zambian economy has many impacts on the environment, including pollution that affects people’s health. Initiated by the Zambian government, the Zambia Mining and Environmental Remediation and Improvement Project (ZMERIP) aims to clean up the environment around mining sites. It now benefits from financial support of $65 million from the World Bank.

The funds granted to the Zambian government will be used to clean up contaminated soils in at least four municipalities. The authorities will also work to upgrade infrastructure to prevent run-off around schools in the city of Kabwe in Central Province. The ZMERIP project will also enable the rehabilitation and closure of a pilot tailings dam and excavation site in the Copperbelt Province.

The fight against lead pollution

An important component of the Environmental Remediation and Improvement and Mining Project in Zambia is dedicated to the control of lead pollution. The Zambian government wants to detect and treat children with high lead levels in Kabwe.

In this city of almost 189,000 people, “Lead exposure is mainly due to the ingestion of contaminated food, but also to inhalation and skin penetration. Affected people have high levels of lead in their blood,” says the World Bank. Lead is a silent killer that causes anaemia, headaches, convulsions, abdominal pain, neurological symptoms and developmental delays, especially in younger people.

Supporting local development

According to the World Bank, remediation activities and management of lead contamination hotspots should help protect about 70,000 people. At least 30,000 children will benefit from education and awareness campaigns. More than 3,000 young people affected by lead pollution in Kabwe are already being assisted through direct health interventions, including lead testing, treatment and nutritional supplements.

The ZMERIP project will also enable the creation of “environmentally friendly” income-generating activities for unemployed women and young people. It also includes a component dedicated to raising awareness of lead and other heavy metal pollution in mining areas. “Before implementing the activities, the project team made sure that these conditions were in place. Rehabilitation work in Kabwe and major infrastructure activities in Copperbelt province were delayed by almost 8 months due to Covid-19 restrictions,” says the World Bank.

[plat hunter] 16/1/2021 14:46

Okay Tony, Get your broker on the phone.Price to tangible book value x 14.86Price to free cashflow x 15.5 lolEV/EBITDA x 10.67