Jubilee Metals Share Discussion Threads

[pshevlin] 18/1/2023 08:51

What date were these warrants issued? Considering the size of the issue between two holders they must have been in return for something significant.

[the skipper] 18/1/2023 08:49

Given the scale of those warrants announced today the holders must be II’s rather than HNWI’s or ‘sophisticated investors’ imo. Hopefully the former are more likely to hold the stock than the latter, in which case some TR1s should follow, unless the II’s have forward sold.

[chozza] 18/1/2023 08:48

One hurdle cleared,

Raises another question (of course, this is JLP)
As I understand it, 35,859,164 due on 19th, 32,159,446 excercised, 921,940 not excercised totalling 33,081,386.
This leaves 2,777,778 unaccounted for. Not a huge number compared to the billions in issue but an annoying loose end.
GLA,
Cheers,
Chozza

[lights out] 18/1/2023 08:48

People were making comments on here saying that Leon would find IIs to take up the shares.

[gotabsirius] 18/1/2023 08:46

I'm very bullish this company but three issues need to be resolved. Warrent issues, power issues in Zambia and water issues in SA. (See recent opps update from THS)

[pshevlin] 18/1/2023 08:45

If the warrant holders already had shares they could have sold those already to pay to exercise the warrants. If they didn't they would have needed a loan or ready cash. It's all a guessing game for us poor proles.We can find out if we look back and find out who they were issued to.

[gotabsirius] 18/1/2023 08:44

Where do they get their power from? If it's from the grid they'll struggle currently. Hydro dam is almost empty!

[sb] 18/1/2023 08:39

Why do you say that?

[lights out] 18/1/2023 08:29

I guess Leon didn't find any takers!

[frogkid] 18/1/2023 08:25

So 2 million to the bank, who are the shares issued to ?

[lights out] 18/1/2023 08:19

Old news. That's been resolved!

[gotabsirius] 18/1/2023 08:15

Take a look at Zambia Power issues

[lights out] 18/1/2023 08:13

Non event exactly as I suspected.

[frogkid] 18/1/2023 08:09

It is only the warrant issue and the anticipated update, and potential capital spend from that, which is holding us back. Mind you, the deathly hush from our Chairman is not helping! We should just be tracking the metals we produce.

[xow98] 18/1/2023 08:07

has received notification from two warrant holders to exercise32 159 446 existing warrants in the issued share capital of Jubilee ("the Warrant Shares") at a price of 6.12 pence (ZAR127 cents) per Warrant Share. The exercise of Warrant Shares amounts, in aggregate, to a cash value of approximately £2 million
(ZAR42 million).

The Warrant Shares are expected to be admitted to trading on AIM and listed on
the Altx of the JSE Limited on or about Monday, 24 January 2023 and will rank
pari passu with the ordinary shares of the Company in issue.

Following the admission of the Warrant Shares, the balance of warrants issued
at 6.12 pence is 921 940 warrants.

[lights out] 18/1/2023 08:04

FINALLY... not sure how this will effect the price?? Any ideas?

[wet your knot] 18/1/2023 07:59

Copper on the up again, highest since June last year now.

[lights out] 18/1/2023 07:59

Not a single trade on the South African JSE. Good sign.. no more sellers

[goforgold1] 18/1/2023 07:18

Will the selling continue 2 days left . Or will buyers come in at this level . Watching and waiting order in at 10p .

[ottod] 18/1/2023 07:03

Skip, nice to see someone talking sense.

[the skipper] 18/1/2023 00:57

I've exercised warrants on a number of different stocks in the past and I can assure you that anyone who hasn't already given written notice to exercise the 6.12p warrants is probably stuffed as it took several weeks for the admin associated with mine to be completed. I also have minimal concerns regarding the potential impact of the residual stock held by those who have exercised being sold in the near term and added 75k shares today. Now bring on the news and some decent PR Leon.

[888icb] 17/1/2023 18:07

The best way for the investment companies,who hold the warrants that expire this week to bank a profit,is to sell shares now at 12p to fund the warrant exercise at 6.12p. That is the most likely cause of the recent weakness in the share price. The warrants haven’t been exercised yet so no one has sold any warrants yet. So if the institutional investors are acting responsibly that is what I would expect them to do or just exercise their warrants and increase their holding in JLP. It is not in the interests of the Institutional investors to trash their investment.
The rise of JLP towards a proper valuation should resume quickly once the warrant expiry date is reached. Ignore the derampers who keep posting rubbish about the warrants.

[genises] 17/1/2023 17:57

I dont see 34 million of warrant sells from our investor over the last few weeks.
I have seen normal investors buying and selling and the past warrants traded.
A 500,000 trade is small change for some investors.
No investor knows if the warrants have been traded already.
A true guessing game so be careful what you read.

[genises] 17/1/2023 17:42

goforgold1
why did you buy in the 16th knowing the warrants are being sold.
Back down to under 11p as shareholders are taking profit before buying back in at a lower price.
The 34 million warrants we will see if the investment company takes the 75% profit or holds to sell at a later date.
I believe they will take the profit so it shows up in the end of year account.