Jubilee Metals Share Discussion Threads

[21ant] 06/8/2021 16:41

This was on a downward spiral from around midday - just a see of red and pretty much all MM's wouldn't budge from 17.5 then gradually all bar one moved down to 17p. I suppose we should be grateful for WHIS holding at 17.1 :-)
Next week it is then.....

[adejuk] 06/8/2021 16:38

just day traders taking profits
ext week we'll see

[royaloak] 06/8/2021 16:37

Cannot believe that I managed to pick a few up at 17.10 in the auction, not complaining but no logic!

[goingforarun] 06/8/2021 16:34

This is just taking the P!

[juju44] 06/8/2021 16:29

My red finish is close

[the bull] 06/8/2021 16:26

I can believe it having been here for 20 years

[lord gnome] 06/8/2021 16:25

A damp squib market response to an excellent update. Very disappointing that there is so much selling on the back of such good news.

[davr0s] 06/8/2021 16:23

You guys need to pump much harder as we are in danger of ending flat on the day lol

[pshevlin] 06/8/2021 16:21

Can anyone believe this? It will take quite a lot to get the interest back into this share.

[cappajumping] 06/8/2021 16:08

Kutundu I thought the same but the considered that they maybe with targets hit for the Fin Yr end that maybe there is a bit of smoke and mirrors there, not wanting to go to fast in order that everything goes into the new FYr. Huge revenue, earnings growth and I think the av basket for the next 365 days will be broadly in line with the average for the last 365 days, which means volume and copper will be the catalyst for share price growth. The extra 250kt of chrome doesnt turn the needle at current pricing and freight costs. My estimates based on info given today are attributable earnings for this next full financial year of £80-90m. Mkt Cap value should be about £800m then, all depends on the speed and volume scale of CU in Zambia, Luanshya and Cyprus and if we can get some £££ spin off from zinc and cobalt as well. If we can nail 25k t of CU pa for FY 22-23 then that is significant at $10k+ per tonne. Current share price undervalues now and fails to appreciate the strength of the development plans underway by a huge amount. This is a billion dollar mkt cap by interims early 2023 and could easily get gobbled up yet also. IMO

[freedom97] 06/8/2021 15:52

Well, I don't think we will close up 15% today, hopefully 5% and after the market digests todays RNS and researches Jubilee over the weekend, maybe next week we will have a very good week.

[goingforarun] 06/8/2021 15:33

Achieving all of this in the middle of a pandemic is a fantastic result?

[katundu] 06/8/2021 15:18

Excellent results on the face of it but it doesn’t look like either of these happened in the projected time frame or at the projected rate. From Press release on June 4
“-- Targeted to commence with the upliftment and transport of the PGM material during June 2021 at a minimum rate of 30 000 tonnes per month, the equivalent of 1 600 PGM ounces per month
-- Acquisition fully commits the expanded Inyoni PGM capacity prior to commissioning commencing in July 2021 without committing existing historical surface tailings”
At least they have started moving the material now and commissioning is now ongoing.

[21ant] 06/8/2021 14:52

Looks lke this is about to drop again. Lvl 2 been weakening over the last hour

[leopoldalcox] 06/8/2021 14:47

It's worth producing the chrome for the PGM byproducts

[freedom97] 06/8/2021 14:20

pshevlin, yes I thought it was a pathetic headline too, maybe she wanted to get peoples attention, hopefully they will read Leons quote.

[tonyevo256] 06/8/2021 14:06

Ade...aviva expecting it to be taken out, probably by a VC...meanwhile enjoying the 7% divi...

[goingforarun] 06/8/2021 14:01

Appalling article…puts the negative straight in and doesn’t really explain the why very well. The real point is achieving that production whilst creating additional capacity which will blow the historic production numbers out of the water!

[frogkid] 06/8/2021 13:56

I need another 2.5 million to complete my retirement plans.

[pshevlin] 06/8/2021 13:48

Not if the word "falls" sticks in their minds. What a pathetic headline to single that out considering the rise in earnings.

[adejuk] 06/8/2021 13:43

i semi-retire in september. don't want to but age related tiredness cannot be ignored.

[adejuk] 06/8/2021 13:18

thx frog
that is close to my exit strategy. i am way overweight now. i've moved a lot of £ into insurance in the last few months for divis and some capital growth as most are way undervalued according to 'those who know'.

[frogkid] 06/8/2021 13:14

Ade, my target was 25p to sell half. But now I will likely only sell 25%. And the only reason I would sell them is to diversify my portfolio and to spend some money on myself. At 35p I would sell half. If I got bought out of the lot at 35-40p I would be content.