Jubilee Metals Share Discussion Threads

[oldboffy1] 01/12/2022 11:15

I have not posted for a while but this is just a thought. So much (too much) information is aired these days - leaked or otherwise - that it sometimes seems impossible for those in authority to do any negotiating quietly. I only say this in respect of Ollie's apparent silence. I believe that his role is to advise behind the scenes and keep expectations balanced. At times the rhetoric from Leon has seemed a bit too hyped.

There are some big deals to be done and I hope that come 2023 we shall be pleasantly surprised.

[1347] 01/12/2022 11:08

Winner gets bird flu then?

[husbod] 01/12/2022 10:42

Bet you a turkey frog that you post between now and January 1 2023.

[wet your knot] 01/12/2022 09:03

1347, I haven't got time to trawl through old stuff but there was a point, I'm sure it was in 2021 (maybe someone else remembers it), when LC said we would start to get updates on a quarterly basis but they would not be "full blown", just giving us the key points. The six monthly would be more detailed. There would be ad hoc ones issues where necessary in between.

As we've received updates quarterly, with six monthly ones being more detailed, and ad hoc updates as necessary in between I think he's stuck to his word. Whether people think they are regular enough or detailed enough or don't like the content that's a different matter entirely.

6/8/21 - Six Month Operations Update
17/11/21 - Copper & PGM Update
8/2/22 - 6 Month Update
16/5/22 - Company Update
10/8/22 - 6 Month Update
22/11/22 - Copper and Cobalt Operations Update

[frogkid] 01/12/2022 08:49

I'll tell you what chaps, I'm taking December off. No more buying. No more posting. I need a break from this.I wish you all Seasons Greetings.

[lights out] 01/12/2022 08:48

SB, You seemed pleased the share price hasn't performed.

[1347] 01/12/2022 08:33

Yes they contain the word update but they are ad-hoc, not quarterly, which is what I posted.

[wet your knot] 01/12/2022 08:30

Frog.....all with the word "Update" in the title...???

[sb] 01/12/2022 08:13

Lights Out will you quit this constant wittering about JLP and the oher Pt producers. Both THS and SLP are around 30% off their highs. You cannot compare small companies like these with the likes of Northam or Amplats!!

[frogkid] 01/12/2022 08:12

These would appear to be 3 months apart

[wet your knot] 01/12/2022 08:08

Hi 1347, these are the dates for the "quarterly" updates that we've been receiving over the last 12 months+:

6/8/21 - Six Month Operations Update
17/11/21 - Copper & PGM Update
8/2/22 - 6 Month Update
16/5/22 - Company Update
10/8/22 - 6 Month Update
22/11/22 - Copper and Cobalt Operations Update

[1347] 01/12/2022 07:31

chozza/bb2fiii Thanks for the responses, basically the realised price to JLP will also reflect the various 'offtake' costs so will be less than the prevailing market price. Hopefully it will be clearer in the interims what the various realised prices and actual costs are for Cobalt, although I had the same sorts of issues with figuring out the PGM/Chrome split & prices and costs with the often complex arrangements they have. I do wish they would also move to quarterly updates like many others do, something that should have been in place ages ago.

[lights out] 01/12/2022 07:28

Jlp down 2.5 percent on the JSE. As per usual the rest of the Platinum and copper producers continue there strong rally.
Wtf is going on here?? Can the BOD not get involved as this is very worrying. Maybe the fact that we only release an operation update every 6 months. We really need quarterly's.

[billyboy2fromiii] 01/12/2022 06:18

1347, in addition...... And this is just my own thoughts (following some research that I did for another commodity producer) and not based upon anything JLP specific .... There is a difference between CIF (cost, insurance, freight) and FOB (free on board). Under CIF, the seller is responsible for costs/liabilities until the buyer receives the goods). Under FOB, the buyer, not the seller, is for costs/liabilities once the goods are shipped. Whether goods are sold CIF or FOB may explain one reason that a percentage is payable.

[billyboy2fromiii] 01/12/2022 06:09

1347,this is the extract from my email as regards percentage payable.... 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..... As you may already know, the WHI Broker Note dated Dec 2021 states 80%......

[1hughb] 30/11/2022 22:09

Anyone got an opinion on this take on gold miners and how jubilee compares? Https://youtu.be/LMv0ZJ07oow

[chozza] 30/11/2022 19:52

1347,
Afraid not, I have responded to JLP's email asking exactly that. Will share if more info forthcoming. However may depend on a number of factors that will not become apparent until the product is sold.
Cheers,
Chozza

[1347] 30/11/2022 19:13

Can you clarify what they mean by payable percentage, do you mean JLP's interest in the Cobalt revenue stream (i.e. 80.75% according to my notes)?

[chozza] 30/11/2022 18:47

Hi BB2 et al,
Just had an email response from JLP, largely reiterating what they sent you.
Last para said this, which is all very well but without hard numbers, not especially helpful.

"In principle, it should be cobalt metal units content (eg 50t per month) x market price x payable percentage, that gives an indication of revenue".

Regarding copper, yes it's a fair cop my numbers perhaps a trifle ambitious. However, it will be interesting to see how the new smelter free refining process impacts the cost and profits per tonne.

Just long for the day when all the numbers are put in a RNS and we don't have to ferrett around playing amateur detectives.

I want to know what the company is worth based on profits not share price so we all know if its a bargain or a dog.
Not too much to ask.
Cheers,
Chozza

[1347] 30/11/2022 17:51

Could be looking good for the PGMs in 2023.

[bullster] 30/11/2022 17:47

.
.

BB2.

I will private message you, the end of month BBI figures.

.
.

[billyboy2fromiii] 30/11/2022 17:37

Bullster, where do I see your table for previous basket prices? Is it would starting to log monthly prices for Copper and Cobalt? BB2

[billyboy2fromiii] 30/11/2022 17:26

Chozza, just had a look at your numbers. You are using a Copper target of 1000t pm. Although this is the stated annual target (12,000pa), the target for 22/23 is only 10,000t. BB2.

[frogkid] 30/11/2022 17:06

Cheers Billy, thanks for this, high time we got a new broker note.

[bullster] 30/11/2022 16:38

PLATINUM
49%
@
$1,031.00
$505.19


PALLADIUM
40%
@
$1,793.00
$717.20


RHODIUM
9%
@
$12,200.00
$1,098.00


GOLD
2%
@
$1,753.40
$35.07





END OF MONTH B.B.I. =
$2,355