Jubilee Metals Share Discussion Threads

[timhigginson12] 23/11/2022 16:17

Lightsout,

The year to 30th June 2022 showed net of tax trading profits of 19m sterling and a change in the value of the Zambian assets of 16m.

What is the meaning of 1200 tons of cobalt being the equivalent of 5k+ other? All I want to know is how many tons of cobalt at what selling price and the margin. What I am using is 1200 tons * $56,000 per ton at a margin of 45%.

[frogkid] 23/11/2022 15:46

Does my head in

[pshevlin] 23/11/2022 15:45

Short termers. Good riddance.

[chozza] 23/11/2022 13:32

Alpal,
RNS states 1200T of contained(?) cobalt equivalent to 5280T of final (saleable?) product. 5280 * $50,000 = $264,000,000 * 45% margin = $118,800,000.
Cheers,
Chozza

[alpal2] 23/11/2022 12:05

Cobalt future income: 1200tpa @ $50k per tonne = $60m revenue with high margin. At 50% margin gives additional profit per share of 1p. Is this right?

[frogkid] 23/11/2022 11:50

Agreed MM50, just need the warrants cleared and some numbers on the construction...

[frogkid] 23/11/2022 11:49

Are you smoking Dunhill chozza ?

[moneyman50] 23/11/2022 11:45

Funny how the “7p by Friday” brigade have disappeared.
As I indicated a couple of days ago one decent RNS would start to reverse this fall.
15p plus early in the New Year is most definitely on the cards now although some here were stating this was unrealistic.According to the experts the price of copper is only going one way
The fundamentals of this share remain very good and a few warrant sellers will only have a very short term effect on the shareprice.

[pshevlin] 23/11/2022 10:38

People selling now just making pennies.

[pshevlin] 23/11/2022 10:37

Maybe as you say they borrowed to buy them.If so if they have any sense at all they will just sell to pay the loan and keep the rest.

[adejuk] 23/11/2022 10:33

the seller is desperate or bonkers
perhaps they are covering the purchase price?

[pshevlin] 23/11/2022 09:39

It actually has today's date on it so probably re-issued.

[adejuk] 23/11/2022 09:38

i think we will see 15p quite soon

[xow98] 23/11/2022 09:33

That RNS was actually released yesterday. Assume it showing up now is a result of yesterdays fiasco at ADVFN. No announcement from ADVFN that I can see as to who/why/when/what happened.

[frogkid] 23/11/2022 09:18

I'd be very happy to see this back where Mr Slater bought in. Delirious in fact.

[frogkid] 23/11/2022 09:02

Looks like Nick Grant also joined in the fun

[frogkid] 23/11/2022 08:49

Welcome aboard fisty

[pshevlin] 23/11/2022 08:48

Good for you tightfist. When this takes off it will be like a rocket. Might take a month or two but you won't regret getting in at these prices.

[tightfist] 23/11/2022 08:42

I am one new adherent....

[frogkid] 23/11/2022 08:36

Hi pshevlin, my resources are not without limit. You will notice that I'm buying in smaller chunks !

[pshevlin] 23/11/2022 08:34

We need some new adherents here frog. Unlike you some of us are nearly spent up.

[adejuk] 23/11/2022 08:34

cobalt $51k mt. work it out
that's in addition to what we already declared this year + the capex that was invested
+ massively increased copper income
all underpinned by faithful old chrome

[frogkid] 23/11/2022 08:26

One assumes it would be, time for another broker note

[lights out] 23/11/2022 08:24

I wonder if 19p fair value was before Cobalt?