Jubilee Metals Share Discussion Threads

[scrappycat] 20/1/2021 15:10

of course, other large IIs may have joined the party too at this price,

[scrappycat] 20/1/2021 15:02

Looks like we will be held at this share price until the Blue Chip investors from last week have finished feeding. No TR1s seems to indicate they are still adjusting their holding(s) imho.

[deme1] 20/1/2021 13:57

delayed trades showing from yesterday

shenanigans!

[1madmarky] 20/1/2021 13:45

They need an asset in order to present a new and exciting investment opportunity to the market!
Or rather to keep a life style CEO comfortable

[deme1] 20/1/2021 13:34

why are BMR trying to acquire anything!
they can't do anything with it

[robers98] 20/1/2021 12:58

BMR agreement to acquire nickel and vanadium interests in Scandinavian projects from Pursuit Minerals

[deme1] 20/1/2021 12:22

the bull

Hope you took my advice this morning.

[jackthecat1] 20/1/2021 12:18

sorry O/T... BULL, XTR down 30% today on latest rns today. Results of the copper analysis next week now. so its a 50/50 gamble imo

[philby1] 20/1/2021 12:00

Rhodium $22400 per oz!

[9tintin] 20/1/2021 11:51

meme
Thanks for your reply.

Just to allay your fears, Leon Coetzer knows what he's doing I'm sure he will get the best deal that's on offer, had it been left to 'The Birdman ' well that's another story - LOL.

Jubilee are between a rock and a hard place simply because the asset is too big for them, which paradoxically lessens it's value at the bargaining table.

And another thing dealing with the Chinese is like shaking hands with a cobra !!

tintin

[marmar80] 20/1/2021 11:41

This will resume attack on 13.80p once the buying at Ask will resume. Now the shareholder with converted warrants @13p is selling to a buyer around 13.00-13.10p. Matter of time lads. Tik tok tik tok would say.

[line and length] 20/1/2021 11:27

Is that so? Well they need to get a move on then!

[juju44] 20/1/2021 11:24

This price action suggests a big order being worked

[gsg] 20/1/2021 11:22

Hasty deal?

Anglo and Jubilee have been in discussions with an asian entity regarding the sale of Twickenham and Tjate since May 2019.

[deme1] 20/1/2021 11:17

line and length

Hasty deal!
they have been trying to sell tjate for years!

Broker is most probably awaiting news on the next copper project (due imminently) before issuing a proper broker note

[line and length] 20/1/2021 11:08

Meme, I don't believe they'll do a hasty deal on Tjate. They've had this asset for a number of years and I think they'll package it up in such a way to benefit from the PGMs for years to come.

[nelson01] 20/1/2021 11:05

That's at today's basket, so if it stays at this price or rises then that's £84 million per year based on 60,000 ounces.

[gsg] 20/1/2021 11:05

Meme.

The issue with Tjate is that it can not be mined profitably as a stand alone. It has always been dependent on being bought by one of it neighbours which are operating mines with infrastructure in place (although Twickenham is on care and maintenance).

Anglo are attempting to sell Twickenham to the Chinese, as even Anglo has baulked at the investment needed to bring Twickenham back into production from care and maintenance. So the hope is that Tjate can be 'packaged' with Twickenham for sale to a Chinese state company (as they are the only ones with deep enough pockets to invest in the project).

That is the only train at the station and Leon has to be on it. Hence the prospective deal is right here right now.

I hope that helps.

[nelson01] 20/1/2021 11:04

I'm using a net earnings to us of £1,400

[pshevlin] 20/1/2021 10:53

Well my ignorance and passivity was based on yours Ade. What do they say about "on the shoulders of giants"!

[memexx] 20/1/2021 10:53

Thanks all for general support of my posts content.

tintin

First purchase at 4.5p in July
Topped up twice since then for an average of just over 7.5p

JLP is my largest holding and I intend to periodically increase dependent on company actions & results going forward.

I tend not to post too much because I have lots of other holdings and doing general macro research. However, after watching Colin & Leon yesterday I felt compelled to have a rant because I got the distinct impression that the inflationary backdrop is not being given enough attention in the valuation of Tjate.

Arguably this has been confirmed in the recent brokers note

'Jubilee has a compelling investment case. A strong technical management and the ability to
both strike deals and to move projects along at a fast pace, differentiates Jubilee, in our
opinion, against many of its peers. On the back of yesterday’s update we place our numbers
under review as we seek to fully understand the effects of the pace of change against a strong
commodity price environment and how it impacts on our forecasts.'

Which to me has an underlying tone of - 'we don't know how to value this in the current commodity price environment' BUT what also CONCERNS me a little is the 'A strong technical management and the ability to
both strike deals and to move projects along at a fast pace'...

Tjate may have been a 'millstone' for Jubilee but I think it would be a mistake to strike a deal on it with too much haste or at least to ensure that any deal secures optionality on higher PGM prices....even much higher PGM prices. Any other party who would not be easily willing to grant such optionality as part of a deal would be showing their hand IMHO.

I just hope that Leon gets the opportunity to continue build Jubilee into much larger company I think it can become rather than getting swallowed up by a major or selling out assets for a fast buck.

I fully understand that I may not have been in Jubilee long enough to make such a judgement on Tjate so very interested to hear different opinions on the subject.

[9tintin] 20/1/2021 10:46

nelson which basket value are you using ?

40plus is referencing WHI %'s not BBI

tintin

[9tintin] 20/1/2021 10:42

40plus

It is a grey area I would agree - costs to produce set against production, a subject that has been analysed a fair bit without a definitive answer - such is the intricacies of the refining process, but I do agree it is not as simple as A-B =C !!

The main thing is that the basket as defined by WHI has appreciated c 26% in the last ten weeks - which gives a significant boost to the bottom line - annualised I would guestimate at c $33 million extra earnings.

The numbers are getting mind boggling and this is without copper.

tintin