Jubilee Metals Share Discussion Threads

[baldrick1] 27/4/2023 08:01

Why buy now when most folks expecting 5p?

[tonyevo256] 26/4/2023 15:51

Current bbi and higher chrome credits will give us $54 million from inyoni alone....sp should be at least 20p!!!!

[pshevlin] 26/4/2023 11:16

600k bought. At least that's encouraging.

[pshevlin] 26/4/2023 11:06

If a bid came in at that tintin at the very least it would raise the share price to those levels and it may well stay there after it's rejected.

[9tintin] 26/4/2023 10:45

psh

You are correct £400M is equivalent to about 13.5p - I did say opportunistic and I didn't say it would be accepted! But I do think the longer Jubilee stagnates with regards to the share price the more it becomes a sitting duck. This feeling that good times are just around the corner is getting tedious, "Jam Tomorrow" syndrome has its limits. As I said earlier its all down to metals, which I am reminded are cyclical, however the cycle doesn't seem to be turning any time soon!

Would I accept 15p? I would have to give it serious consideration.

tintin

[juju44] 26/4/2023 10:39

Why not 2p

[baldrick1] 26/4/2023 10:09

Ok 5p would be good enough.

[pshevlin] 26/4/2023 09:59

I think you are right Ade in thinking our big seller hasn't thrown in the towel.

[kennyp52] 26/4/2023 08:48

“The Northern strategy keeps getting pushed out” .. just my view before I get shot down .. but I think it’s down to cash . The basket price fell and I believe Leon / Colin put themselves in a corner gambling they could do everything in one swoop on the back of higher metal prices / free cashflow . On top of this they said “no more placings” on the back of existing shareholder tiredness with Colin’s cannon diluting us every 5 minutes. So now they have had to identify an existing cheaper existing facility .. as I don’t think they have the capital.The loan facility has already been drawn down. They have put themselves in a corner and this , I believe , is why you hear next to nothing from the new chairman ?
Long term ? I don’t think it will make a massive difference to where Leon is taking us and believe in the company . But the share price is reflective of the lack of clarity as to exactly where JLP is at and what capital it needs to complete the projects it has embarked on and now need to see through. I’d take 15p today .. I’d want 20p+ ideally.

If everything is reported as being fully financed and completed and production flies on the back of it then a re-rate to 20p+ is an absolute given imho.

[pshevlin] 26/4/2023 08:32

That's 15p or less. Instis won't accept it and neither will I.

[9tintin] 26/4/2023 07:49

BBI is currently at $1,797 which is up from the low (past 12 months) but is still down 37% on April '22 ($2,860)
Copper is flatlining between $8,500/8,600 compared to being $10,000+ April '22.

That's what's really hurting the share price for Jubilee IMO.

China kicking back into gear is the key to metals getting back to their highs.

While Jubilee are in the doldrums there remains the chance of an opportunistic bid for the company and it's expertise - £350/400 million ???????

Daylight robbery, but I'm guessing there's a few on here that would accept the offer and run, after all the "Jam Tomorrow" promises.

tintin

[goingforarun] 26/4/2023 07:46

Nice to see Rhodium slowly rising!

[pshevlin] 26/4/2023 07:29

They are always bouncing but unless the world is coming to an end they will continue to rise.

[deme1] 26/4/2023 07:07

metals bouncing back

[pshevlin] 26/4/2023 07:06

More important to support expansion as long as it is profit enhancing. Dividend maybe after that (2 years?)

[1madmarky] 26/4/2023 06:57

But the ability to support an initial dividend would support the share price as it implies a degree of financial health ( less likely use of the confetti cannon) and the stock will now appear to those that use stock screens and demand a divi before investing.

[pshevlin] 26/4/2023 06:30

Re PE of 3, where would that put us if expected results came in at the end of the year? Even then the possibilities for expansion and greater earnings would need to be reflected in it ESPECIALLY if no dividend was being paid. Dividends tend to depress the share price as they imply less growth.

[pshevlin] 26/4/2023 06:26

LO, you South African? Strange elision of word "are" when you are writing in the present tense.

[sb] 26/4/2023 06:16

LO ... Hooray!

[danieldanrichardson] 26/4/2023 03:21

No you're not

[jojobaby] 25/4/2023 20:12

More blah, blah, blah ...

[lights out] 25/4/2023 19:34

The fact is that the share price is down because there are much better opportunities if you look a bit further than your nose. The market is sick of promises and little to show for it. 7 to 8p.is fair value imo. I'm out.

[lights out] 25/4/2023 19:24

The problem with JLP now is that many many companies in our sector offer a decent dividend and a very low share price.
Look at Merafe. They chrome producer with Glencore and they giving a 16 percent dividend. It's unheard of... and they trading at a PE of 3. Now look at Jubilee nothing but carrots. No wonder we already dropped 8 percent this week after lack luster news.. and more carrots for the future..

[21ant] 25/4/2023 18:37

Thanks sb - just a reassuring view on things I guess

[aceshi] 25/4/2023 17:35

BaldGood plan. A touch lower may even tempt me to "take advantage" of a legendary JLP "top up opportunity of a lifetime"