Jubilee Metals Share Discussion Threads

[vaston] 30/11/2022 16:07

SYME is about to fly according to the CEO and company directors

[chozza] 30/11/2022 16:02

BB2,
Thanks for your efforts in trying to make some sense of the cobalt potential.
I have decided for now, or until I get some sensible response to my emails, to ignore cobalt. Hard numbers required to my mind at least.
What we do know is PGM which I expect to generate $5m profit pm ($4.18m pm to June 22 on reduced production due to Inyoni upgrade)
And copper, target 1000T pm at profit of $3824 pt( from june 22 numbers) = £3.8m.
So $8.8 pm. Annual profit $105.6. Before any acquisition or capial spend of course
This discounts process improvements recently announced regarding copper production.

Has anyone noticed that the unaudited accounts to 22 6 22 have now turned into audited accounts, with quite a material difference to some figures?
Surely a new RNS ought to be required?

Theres a great company in there waiting to be set free.
GLA,
Cheers,
Chozza

[sb] 30/11/2022 15:56

SYME ... aaha..ahahahaha ....HAHAHAHAHAHA!!

[vaston] 30/11/2022 15:49

Next multibags

SYME
CLON
MODE

[billyboy2fromiii] 30/11/2022 15:47

Hi Frog, no worries. For the record, based upon my own understanding as regards Cobalt, my calculations are 1,200 pa x $52,000 x 80% = $49m annual Cobalt rev x 45% margin = $22m annual Cobalt earnings. I stress that this is my own personal understanding and calculation using info within the recent RNS and the WHI Broker Note dated Dec 21. Regards, BB2.

[frogkid] 30/11/2022 15:36

Thank you Billy , I mentioned your post in here earlier

[billyboy2fromiii] 30/11/2022 15:30

Chozza, please see my previous post re potential Cobalt revenue/earnings. BB2.

[billyboy2fromiii] 30/11/2022 15:26

Hi, Just to post my post on the other site earlier today.

I have had a reply from JLP following an email enquiry (regarding Cobalt) that I made as I was unable to attend the AGM....

The main points are.................................

Cobalt metal is a product with near 100% metal content. It is this product that the cobalt market price typically relates to...........

Depending on a type of product, like cobalt hydroxide, or carbonate, for example, these products would have a lesser percentage contained metal units in them (hence, in those cases, total cobalt product tonnes produced, give less tonnes of cobalt metal units contained, depending on grade/ percentage cobalt contained in the product produced).........

Regardless of the cobalt product, the selling price is generally applied against tonnes of metal units contained in the product sold, not the tonnes of product............

The RNS talks of 1,200t of cobalt metal units per annum, which are a part of our Southern Zambian strategy development and operations, namely the cobalt production at our exiting operational Sable refinery in Kabwe, once fully ramped up and depending on quality of feed, as announced............

Depending on the market at the time of selling, driven by cobalt supply demand dynamics (generally over two thirds of all cobalt is purchased by China and over two thirds of all cobalt is supplied by DRC), off-take agreement, type and characteristics of the product (grade, impurities...),etc., a payable percentage of the market price is applied.......

In principle, it should be cobalt metal units content (eg 1,200t) x market price x payable percentage, that gives an indication of revenue........

.......................................

The email did NOT specify the actual percentage payable, but the WHI Broker Note dated 9th Dec 2021 (bottom of page 33) states 80%.

So Seis, on that basis (and assuming WHI are correct at 80%) then your Cobalt calculation on 22nd November looks pretty good to me (obviously (imo) we may not actually receive the $ for production to 30th June in the accounts dated 30th June 2023??).

Regards, BB2.

[lights out] 30/11/2022 14:32

24 trades today... I doubt any warrants are been sold

[coppertone] 30/11/2022 14:26

Jubilee shareprice won't move until the warrants are cleared and all those freebies are removed from play. Regarding Tjate, I wouldn't hold your breath. Colin dont come back....stay away...stay away.

[lights out] 30/11/2022 14:25

I won't be surprised if we drop hard tomorrow as our metal prices correct down AFTER another rally Jlp has missed out on.

[deme1] 30/11/2022 14:19

Metals romping away and JLP MEH

[frogkid] 30/11/2022 14:07

Don't get me started. I neatly rotated into RIO at 45 bloody quid, Grrrr

[goingforarun] 30/11/2022 14:03

At least it’s moved!

[lights out] 30/11/2022 13:53

Blue chips up 5 percent as they should be. The fact that we invest in a junior and taking all the risk should mean we rally harder when the metals that we produce rally (otherwise why on earth are we invested here) metals are cyclical, if JLP can't rally when it should it just ends up in the gutter as it is now. Jubilee missed the last rally a couple months back too hence why we really at the bottom of the barrel now.

[goingforarun] 30/11/2022 13:29

Find it ironic really, most metals up 3%+, most miners the same, JLP doing nothing. Are we on anyone’s radar?

[frogkid] 30/11/2022 11:27

An interesting post from Billy on the other place, relating to cobalt percentage

[frogkid] 30/11/2022 10:46

I continue to add in small tranches, anything under 16p is better than Mr Slater paid so good for me.

[freedom97] 30/11/2022 10:12

Well, at least it's helping anyone who wants to buy JLP shares to get a bargain, so anyone buying will be very happy in future. Of course those who already bought will not be happy as have to wait longer for share price to go up to their targets.

[lights out] 30/11/2022 10:07

Sb, ok 2 dogs for 2022. Most pgm and copper produces are up now 30 percent from there lows. Not all, MOST!!!!

[freedom97] 30/11/2022 10:01

The warrants will soon be a thing of the past (I hope) and the share price can move up to where it should be.

PGMs on the move UP today, and Platinum back over the $1,000 mark. Copper doing very well today too.

[sb] 30/11/2022 09:56

That simply isn't true Lights Out... THS is down over 30% for example. Please don't spread false information.

[frogkid] 30/11/2022 09:33

The facility with Darwin didn't work out too well though did it ? The warrants are there so we just have to poke up with it, annoying though it is

[jojobaby] 30/11/2022 09:22

My point exactly!