Jubilee Metals Share Discussion Threads

[freedom97] 09/8/2021 14:21

Anglo up 0.3% Jubilee down 7.3%??

[frogkid] 09/8/2021 14:16

Dr Livingstone I presume

[plasybryn] 09/8/2021 14:15

Short term power failure in Zambia perhaps unnerved investors?

[frogkid] 09/8/2021 14:14

A combination of;Weakness in metalsPerception of nothing to drive price for a whileAnother dodgy corrupt electionTit sucking mummy's boys looking to get their nappies changed My top ups this morning look premature!

[spawny100] 09/8/2021 14:11

True deme. But SLP is now even lower.

[1madmarky] 09/8/2021 14:11

We are turning waste into taxable income and reducing unemployment.....

[deme1] 09/8/2021 14:08

SLP had the same a few days ago.
stops getting hit.

stop panicking you wimps

[frogkid] 09/8/2021 14:07

Yes. The Zambians are going to steal all our piles of lead infested dirt and turn it into treasure.

[juju44] 09/8/2021 14:06

Looks like we have a serious problem . Think Leon should put out a statement

[frogkid] 09/8/2021 14:04

Even j am getting a little fidgety now. Just freed up 10k, let's see where we land.

[juju44] 09/8/2021 14:02

WTF ???????

[frogkid] 09/8/2021 13:57

Yep, the sooner we get other options away from the corruption riddled continent the better. Today's drop is likely Zambia related...

[deme1] 09/8/2021 13:47

wish I had some free cash :p

[frogkid] 09/8/2021 13:40

Hold on , this is about to get squeaky ...

[bullster] 09/8/2021 12:38

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Ginko3,

There isn't, yet, a lot of cash floating around in the coffers, it's all going to pay for expansion of assets.

Look at the table bellow, from W.H.Ireland broker note. Free cash only begins to gather pace, this financial year. £64.9 Million free cash by July 1st 2022, less the cash for the eastern Bushveld outlay this year and further outlays after the note was written.


Y/E June 2020A 2021E 2022E 2023E Revenue (£m) 54.8 113.3 243.4 321.9EBITDA (£m) 22.4 56.5 107.1 135.2PBT (£m) 13.7 47.8 96.3 117.4 eps (pence) 0.9 1.9 3.4 4.0Net Cash (£m)*(4.4) 8.6 64.9 156.8


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[goingforarun] 09/8/2021 12:31

Maybe there isn’t that much cash floating around yet! There’s a lot of Capex being spent on future capacity!

Maybe we should start cleaning up Kabwe, that should make a lot of news, and environmentally very positive!

[ginko3] 09/8/2021 12:25

Maybe, just maybe with all this cash floating around in the coffers Jubilee should consider paying a maiden dividend . . I'll be that would spark some interest cost the possibility of short term appreciation in share price just isnt attracting investors on to the books.

[bullster] 09/8/2021 12:20

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I must point out, that although an expanded Inyoni will treat around 150,000 tonnes of tailings per month less than the previouse six months, the previous six months had two plants in operation, Inyoni and Windsor PGM.

Therein lies the lack of information as to the extent we have pulled out of Windsor PGM.

I must allay fears that a lone Inyoni will not fall short when a 100% pull-out from Windsor PGM is confirmed.
An expanded Inyoni may not have the same volume throughput of a combined previous Inyoni and Windsor, the less jv payment to Northam, the better grade ore feeds rather than tailings dump, higher efficiency gained by extraction of fine chrome and the higher rhodium content from the eastern Bushveld, all go to making up or surpassing a two plant contribution.

Why no pull-out of Windsor PGM news ?

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[goingforarun] 09/8/2021 12:16

JuJu, I think the drop is PGM basket price related as this is way off of where it was earlier in the year? What the market is currently not interested in is production expansion in terms of both PGMs and Copper. Unless there is a bit of a roadshow to spark interest we may well be on the back foot until higher numbers come along, in which case quarterly results might help!

[highly geared] 09/8/2021 12:15

On a short term ( 6-9 months) basis, JLP may have a challenging period from a share price perspective in respect of;

1. Commodity price weakness re; US FED jaw boning
2. Lull period whilst facilities construction to enable copper ramp up occurs.

This means the share price may go sideways for 6 months before moving north as copper production ramps up from mid 2022.

[adejuk] 09/8/2021 12:14

we still have the seller. same trades.

[katundu] 09/8/2021 12:06

Elections in Zambia this week.

[21ant] 09/8/2021 12:02

Commodities are getting hammered today too - pretty much all metals down so it won't be helping the short term traders. I agree that we will probably need something new announced or an overwhelming change in sentiment for this to move. Crazy given it's performance