Jubilee Metals Share Discussion Threads

[deme1] 17/1/2021 15:56

That's why you sold out at 5.5p

shame really, your 23p profit would be well in excess of 50p now

[gsg] 17/1/2021 15:54

PH. It may be 10 x the capacity, but it doesn't work. lol

[plat hunter] 17/1/2021 15:50

SB... THS produce 160k ounces a year and the fine chrome circuit is around 10 x the capacity of JLP's, plug in and play effort. Something that most here have't yet realised, chemistry can't be extrapolated for scale.


The term 'Propriety Process' lends it's self much more to scale of production and the geological make up of the ore rather than anything that is technological.



If you really think the money is in PGM and Chrome then it is in fact THS who would benefit the most from higher for longer pgm prices. JLP are miles behind in that regard. The same goes for any commodity, the biggest gains are made by those who produce the most.

[gsg] 17/1/2021 15:37

It's as simple as this.

Jubilee is light years ahead of Tharisa in the fine chrome stakes. If Tharisa had any brains they'd approach Jubilee to process their fine chrome. It would save them a fortune and make them more profitable. Simples!

[sb] 17/1/2021 15:26

And JLP is still miles in front of THS with fine chrome which is a proprietary process...so Plat knows F-all about what is involved as THS can't make it work.

[billyboy2fromiii] 17/1/2021 15:10

Plat, let it go. You are making yourself look a bit silly now. Good luck with your future investments. BB2.

[nelson01] 17/1/2021 15:09

You can lol all you like but the best thing you can do is get some rehab and then you might talk some sense.

[plat hunter] 17/1/2021 14:59

Lol Nelson

[nelson01] 17/1/2021 14:58

I mean just ask yourself what kind of fool would be in cash during one of the biggest commodity booms in the last 50 years.

[nelson01] 17/1/2021 14:57

Don't listen to the self confessed druggy, the bitter fool has an agenda, he is small time and happy to makes a few hundred quid. Well done to us long term holders who have made small fortunes.

[plat hunter] 17/1/2021 14:51

Remains to be seen Kenny... As do the big boy deals

[kennyp52] 17/1/2021 14:37

Blue chip have been buying in Plat . Pretty much fact .

[plat hunter] 17/1/2021 14:33

Another brand new account ramping JLP.What insti's have been buying?Insti's, Chairman, CEO Board Directors, Creditors, Business Partners... All selling.

[wilpex] 17/1/2021 14:22

I've been tracking and buying into JLP for the last 16 months. The fact that II's are doing the same is wonderful news and (IMO) should be celebrated.

[frogkid] 17/1/2021 14:15

I read that, cracking post. That would be nice !

[bullster] 17/1/2021 13:47

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billyboy2fromiii,

I had altered my previous post before replying to 33906.

Looks like "one in the eye", for Leon bootlickers.

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[billyboy2fromiii] 17/1/2021 13:37

Bulster, as Robers has stated there is NO cash to JLP from this “placing”;. The Instis are paying 13p but this is NOT to JLP. ACAM (majority) and CBLC get the £. BB2.

[bullster] 17/1/2021 13:04

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cmrfan,

Exactly!

I remember the hullabaloo when we paid £3m for the PlatCro dump, in a placing, and at well below prevailing share price.

Today that dump is earning £3m per month.

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[cmrfan] 17/1/2021 12:55

Will more than be made up for with increased earnings year on year

[nelson01] 17/1/2021 12:52

Also one must not forget that plat hunter is a bitter delusional drug taker that sold out at 6p just before the huge re rate in the shareprice

[plat hunter] 17/1/2021 12:44

One musn't forget that placings don't just dikutebthe issuance but also the earnings per share ratio.

[robers98] 17/1/2021 12:38

No cash to jlp.

[bullster] 17/1/2021 12:27

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Edited this post, after reading robers98 post that you'll come to.

I can't beleive i overlooked this paragraph in the RNS:

-- ACAM LP has agreed to the partial conversion of the loan provided on 21 March 2019. The terms of the loan provided for conversion and ACAM has agreed to convert US$2.5 million of the principal amount plus accrued but unpaid interest, on the same terms as envisaged by the original agreement (subject to minor amendments to facilitate this conversion). The US$2.5 million plus accrued but unpaid interest of US$0.591 million has been converted into 80 728 619 new fully paid Jubilee ordinary shares ("ACAM Shares") at a conversion price of 2.81 pence per share. After conversion, the remaining principal amount outstanding is US$5.5 million.

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[bullster] 17/1/2021 11:45

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billyboy2fromiii,

Our chrome earnings are so much in flux at the moment, i have given up in modeling it for the moment.

Yes, Leon did say in the last brrmedia webcast that chrome earnings are currently four times higher than they had been. Then again i remember Leon saying our rhodium content was 9% to 11%, yet W.H.I. have it at 8%. Pinch of salt.

As we are tolling more and more third party ore, in a low market price scenario, negotiating a higher base fee with a formula to gain from a higher market price, has resulted in us gaining from the $3/t average, in the full year results and $4.25/t in the recent six month results.

Fine chrome rollout should also move the model as in my view, all chrome earnings should belong to JLP, because it is chrome that is retrieved from a loss to the dump.

Untill i see more chrome figures in official statements i am taking a stab in the dark approach and using 4 x $3, for the present.

Hope that helps.

p.s. By negotiating a higher base price, to safeguard yourself from a loss during a low market price environment, you generally forego some of the upturn in market prices.

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