Jubilee Metals Share Discussion Threads

[pshevlin] 18/11/2022 11:20

This is now becoming ridiculous.

[adejuk] 18/11/2022 10:47

sp at 2012 levels
in the light of the progress made this is really madness.
i am still bullish but containing a lot of disappointment

[lights out] 18/11/2022 10:46

On a positive note at least we closer to the bottom and flushing out weak hands. Year end earnings(June 2023 )will/should be record earnings..

[pshevlin] 18/11/2022 10:44

Deme. You refer too much to the past. Debt was paid off (unfortunately in warrants which I believe is one of the major reasons for the fall) so that fund raises would not always be necessary. Hopefully that is still the case and I would expect some consolidation given Leons comments about shareholders paying the price for recent expansion. Sadly I think that your comments, though heavily disguised, are indicative of your wishing to see the drop continue so that you can buy at a lower price.

[boris cobaka] 18/11/2022 10:25

Sb - I know it's like a board full if 'blakeys' from on the buses.

[deme1] 18/11/2022 10:21

Pshevlin

I think the problem being is that nearly all shares have bounced off lows caused by the war and recession fears. I make that statement in relation to my watch list of shares, which are all showing recent gains.

And bear in mind I have a couple of dogs in that list, which are only there as they have fallen dramatically and I believed had further to fall yet even they have bounced.

This pain is all down to Leon and Colin loading up the company with cheap warrants which are now being sold, free money for the few entitled ones.

I would assume Leon is to embarrassed to talk about the share price and the cause of the drop.

Just like in the past where expectations were not met and the share price suffered, Leon and Co will Bury their heads in the sand.

One more quick theory, going from past history, don't be surprised to see a capital raise/dilution to fund the next expansion. That being the case would see the age old ones in the know selling out tnow to participate in the fund raise at a lower cost.

I would love to be a fly on the wall in Leon's office!

One thing is for certain, our share price is at multi year lows at a time where we allegedly have the most amount of income streams now online

[pshevlin] 18/11/2022 10:19

I remind people that these were the latest holding figures 11/11/22

Slater Investments
Hargreaves Lansdown Asset Mgt
Interactive Investor
ACAM LP
FIL Investment International
Canaccord Genuity Wealth Mgt
Veddis Capital
Jupiter Asset Mgt
Quantock plc

Number of shares

271,463,789
240,994,235
217,484,482
209,447,822
205,676,451
198,302,197
121,090,517
96,433,663
93,350,624


Does anyone have any later ones? Then we can have some idea as to where the supply is coming from if it's one of these.(And who maybe soaking them up!)

[sb] 18/11/2022 10:14

Does anyone think that all of this moaning and negativity is actually going to HELP the share price? Price movements are all about sentiment; a load of belly-aching punters venting for the sake of it will do nothing to improve sentiment. I suggest the usual culprits, you know who you are, just STFU ...although actually I suspect that that wouldn't align with your real reason for the constant negative posting.

[pshevlin] 18/11/2022 10:12

Last we heard Slater was adding so I doubt it's him especially since the volumes are not that high. Unless he can unload very large numbers he will only damage his remaining holding.
Amid all this perhaps people should remember that unless something serious has occured next half year figures should show higher profits. Too many on here frightening the headless chickens.
Any chance of updating the figures in the headers Undertaker and the BBI Bullster?
It would also help to know the latest figures for major shareholders. Does anyone know where to get them from?
At the moment there is too much negative speculation (purposely from some)

[deme1] 18/11/2022 10:03

Maybe it is Slater offloading.

us mortals will know after the fact.



Well done Leon and team, absolute shambles!

10p incoming and dare I say single figures.


You would like to think the BOD would purchase some shares to instill some confidence.

[boris cobaka] 18/11/2022 10:01

Jam????

Thin gruel would be welcome by many I suspect sigh....

[pshevlin] 18/11/2022 09:52

Anyone on here flogging off 100k tranches at a time? Not that I expect an honest answer of course.

[deme1] 18/11/2022 09:38

Kenny

The ones selling are likely to the the insiders who were given knowledge not known to the average investors at the time, and were given the opportunity to provide funding for stupidly cheap warrants.

I sold a massive chunk of my JLP having been in since around 2p, crazy not to right.

So I can see why they are selling.

Why would you not sell shares given to you at around 3p for a easy profit. They don't care about the company, they have not interest in its future. They will want that money to provide finance for the next BIG THING, and no doubt be provided with cheap warrants in that case.

However I must criticise Leon and Colin on this. Colin issuing shares like confetti l whilst constantly stating since DCM "SELF FUNDING EXPANSION"

Leon has his blasts of excitement, promising updates and then failing to provide said updates.

And WTF is Olly doing? How much is he costing the company?

Someone please come and buy this dog out for 15p today and put me out of my misery ;)

[pshevlin] 18/11/2022 09:30

Warrant holders have a lot to answer for in my opinion. Swapping shares for debt at a silly price has caused more trouble than I think the board expected.
In the end it will be the figures that count though. If we take the last ones as a baseline what would we expect as a reasonable share price if that (unsatisfactory) situation continued? That figure should at least give us some sense as to the low point of the share price barring a black swan event.

[sleveen] 18/11/2022 09:25

"Investors appear to be turning negative on JLP"

The share price is responding to the above (frogkid) post.

[frogkid] 18/11/2022 09:19

posted on both places

its a shocking display of lack of interest by shareholders (AGM ATTENDANCE). Some have just given up, no longer believing the jam tomorrow. Some have lost faith in the board, just what has Ollie done since he came on board? Some have just run out of money or patience. I continued to add last week believing that the turnaround must come soon, but the lack of firm production numbers, the lack of clarity on expansion, the rumours of interrupted production, are all adding to this weakened share price which shows no sign of abating. I am extremely annoyed and rue the early AGM meaning that I was out of the country and missed it. I have no doubt that JLP will be huge one day, it is just whether some of us can hang on indefinitely while time marches on!

[sleveen] 18/11/2022 09:10

Broken thru' the 11.5p support in place over the past 6 weeks.

Investors appear to be turning negative on JLP, perhaps a recovery today but I doubt it.

PS I sold @ 11.4p.

[moneyman50] 18/11/2022 09:06

And we all know how wrong Plat Hunter was-throwing his unsubstantiated accusations of fraud and malpractice around -only to see the shares he sold at 4p peak at 20p.
Unfortunately due to lack of news the bears have it out at the moment but we all know a couple of RNS’s/possible updates the shareprice direction can reverse very quickly.
Colin is no longer involved in the running of the company as we all know.
Let’s focus on the medium term prospects for copper,cobalt,PGMs and whatever else is in the pipeline instead of the very short term which seems to be the agenda of some here

[kennyp52] 18/11/2022 09:01

Sellers will put this thing into bid territory the way it’s going !

[aceshi] 18/11/2022 07:47

Lights OutThe eternal under achiever or just used car salesman doing what they do best? Remember the Tjate licence, Colin was going to be on the "first plane to China" we still paying local communities etc every year, as part of the licence conditions. It's been an overhead for around 15 years and is it actually worth anything? Any LTH who didn't take most of their profits around 18p, needs their head read. There is a reason the share price has slowly eroded almost 50% of its value. The sales pitch, for way too long, just hasn't added up to delivery on the ground and genuine taxable profits. The other board is mostly newbies or rampers. Undie bansanyone who doesn't follow the intended narrative. It's an extremely unobjective take on reality. I would say in this case the market seldom gets it too wrong.To quote the old Platt Hunter "7p by Friday?"

[pshevlin] 17/11/2022 23:16

"Millions spent on facilities and little to show for it in the SP" Since when was there a direct correlation between the two especially when the figures we have had to date don't show the facilities operating at capacity.
It is becoming more than obvious that a few people on here have decided to trash the company for their own ends and are putting forward tenuous reasons for the poor share price Best to ignore them unless they can come up with something other than speculation.

[lights out] 17/11/2022 21:54

Moneyman, if you bothered to read the latest update by Alex Hamer at IC you will read.
"In September, the Roan plant hit nameplate capacity and Jubilee had said it would produce 10,000 tonnes of copper in the current financial year, compared with 2,604 tonnes in 2022. However, “persistent interruptions in the supply of water and electricity” mean it has cut the first-half guidance to 3,000 tonnes".
In regards to Chrome production (at one facility)which affects PGMs he said he lost 11 days in August. So expect much of the same as the loadshedding continues.

[goingforarun] 17/11/2022 21:10

He has a point though. Millions spent on facilities and little to show for it in the share price I do wonder what it’s going to take?

[moneyman50] 17/11/2022 20:55

Lights out-it always amazes me that from time to time someone who has never posted before on a share bulletin board suddenly appears and starts posting loads of negative posts 24/7.Such people have appeared here before especially when the shareprice went down to 2p-funny how they disappeared back to their boiler room once the shareprice went up
If you bother to read the recent annual report recently realized it states that Project Roan (Southern Zambia copper project ) is operating at nameplate capacity-this contradicts your claim that there is little copper production.There is no evidence that PGM production has been affected in South Africa by load shedding.This was happening before the 30th June and PGM production targets to this date was met.
We have pictures of Cobalt production.