Jubilee Metals Share Discussion Threads

[frogkid] 25/7/2023 12:28

Remind me who that is shevvers! Not heard from him. He just pops in now and again to pick his check up

[pshevlin] 25/7/2023 12:22

Hopefully our "chairman" might try to talk some sense into him Ade. He has after all worked for much larger companies with departments dedicated to comms. Perhaps we should all email him re. that? That is after all the function that Colin used to fulfil.

[adejuk] 25/7/2023 11:30

thx sb.
sadly, lc doesn't agree
he has been told this many times over the last 10 years
he seems to have had an epiphany in spring. unfortunately, it didn't survive the first cuckoo.

[frogkid] 25/7/2023 11:01

Completely agree SB

[sb] 25/7/2023 10:22

It says that the the company is still under the radar of many sophisticated investors and that many of the the investors that know about it don't see the big picture because the company doesn't paint it and is too obscure and lacks transparency in its communications. I come from a sales background and there are two key factors in sales that always win: quality and trust. The market always appreciates and pays for product quality, and the company is getting this right, and indeed maintaining the quality of the product is as Leon has said with the copper, one of the reasosn why the ramp up has taken longer then expected. Trust is a bigger issue, and there is still a legacy of the old times lingering in that respect and, I feel, that Leon is too stretched to really pay enough attention to the detail of what is presented to investors/potential investors which always leaves questions hanging in the air. He needs to appoint a comms professional to revamp the image of the company and handle all corporate comms both outgoing and incoming to/from investors. We need more polish and proactivity. The good thing though is that from an innovation and production perspective we are world class; we just need to tell the world about it.

[pshevlin] 25/7/2023 10:16

Need some tipsters to take notice Ade. Obviously Fidelity managers have already done so. One side effect of Covid is to turn normal human beings into Marvin the depressive robot. Not necessarily a good thing for an investor.

[sb] 25/7/2023 10:06

Metals all flying now.... Cu up 1.6% at $8,670 and will break $8,700 today I'm sure. Pt, already up 1.5%, will break $1,000. This is a use of Pt that hadn't been on my radar ....

[adejuk] 25/7/2023 09:58

we agree that it is grossly undervalued
others think differently.

[adejuk] 25/7/2023 09:56

that's all true.
so sb. what does it reflect?
the value that the market/investors place on it?

[sb] 25/7/2023 09:39

Ade ...the current price doesn't even reflect NAV.... it takes no account of current cash generation or the company's vast potential. We have bought and paid for hundreds of millions of tonnes of tailings containing tens of billions of dollars of metal that we simply need to process using our proven, technically world-leading plant and processes, none of which is taken into account at today's prices. We have effectively enough material to keep the company in production for 30 years virtually risk free. I'm sorry, but the current price doesn't reflect current value by a long way.

[adejuk] 25/7/2023 08:55

i have been investing for over 30 years and i think this is the longest flat market i have seen in my p/f

[adejuk] 25/7/2023 08:49

btw, i think a fall of 66% is as close as we'll get to capitulation
nigel may be chewing the carpet
if he gets p'd off we're all in the doodoo
this is not an aberration. it reflects current value, not future.

[adejuk] 25/7/2023 08:46

tim. i did say that.
jlp has disappointed
imo the only thing that will move us is a hike in metals, which i fully expected as well as good news from jlp
jam tmrw i'm afraid - or next year? also, i didn't factor in putin.
most predictions are downbeat
perhaps the chinese will give us a boost
lc is working his socks off

[the_isolator] 25/7/2023 08:36

Surely they are obliged to tell the market and shareholders who the partner is, maybe next bit of news we might get something

[adejuk] 25/7/2023 08:33

lo, i agree

[frogkid] 25/7/2023 08:15

LO, that statement has no factual basisFrog

[sb] 25/7/2023 08:03

If you are a believer ....

[lights out] 25/7/2023 07:57

Most definitely need something, because once we go below 7p it's bye bye support.

[frogkid] 25/7/2023 07:05

Or find out who the secret partner is

[lights out] 24/7/2023 17:57

We need that Zambia news to turn this ship ( share price) around. Or we have a sudden rise in metals prices although this is highly unlikely this year.

[lights out] 24/7/2023 17:54

Thanks Tim. Yes probably 15m after all the usual deductions.

[frogkid] 24/7/2023 17:46

Well, let's hope for good news from the minister

[timhigginson12] 24/7/2023 17:19

Lightsout, if you put it into sterling and take off 29% tax and for non operating costs then your figure would would put the net after tax profit for the year at about 15m against 18m for 21/2.
Looking at the 6 months to Dec 2023 we will have maybe an extra 2000 tons of copper plus 2500 oz of new PGMs 1000 oz extra of old PGMs and 100,000 tons of extra chrome so I think that the 6 months will be double the the period to Dec 2022.
The reported aim of 25000 tons of copper by 2025seems to have been lowered as I thought the aim was 25000 tons from the Northern strategy alone plus 15000 tons from the southern strategy. It may be that the revised processing being considered may enable a total of 25000 but with substantially reduced capex. We look forward to clarification by the end of the month, although at the start of the year we were waiting for the tax situation to be cleared up which was supposed to have happened before the end of March.
Life goes on. Ade i remember you saying last year that August would be ours but it seemed to have been a bit delayed.

[robers98] 24/7/2023 14:39

ANGLO American Platinum (Amplats) said a major sell-off in platinum group metals (PGM) this year which has seen the dollar basket price fall 29% to $1,885/oz this year was over.

Natascha Viljoen, the outgoing CEO of Amplats, said the rhodium and palladium markets were “getting back into balance”.

“We feel a little bit more bullish about the near term,” she said at a conference call this morning following publication of Amplats’ results for the six months ended June.

Amplats reported basic earnings of R7.7bn, a 71% year-on-year decline. The 80%-owned Anglo American company said it would pay an interim dividend of R12 per share (R3.1bn), representing 40% of headline earnings which totalled R7.9bn.

While Amplats’ average selling price for rhodium of $8,957/oz was “historically high”, it was 48% lower than the corresponding period of the previous financial year. Similarly, palladium averaged $1,505/oz – a 32% price reduction year-on-year.

Prices for these metals have continued to deteriorate throughout the year. Spot rhodium is trading between $3,000 and $3,500/oz while palladium is at $1,290/oz.

But Viljoen said the worst was over for the PGM market. “The automotive markets are recovering. A lot of that is going into battery electric vehicles but we are also seeing some recovery in the internal combustion engine markets,” she said.

There was also improved price stability in minor metals iridium and ruthenium. “Iridium is particularly exciting as that speaks to hydrogen [technology use],” said Viljoen.

Viljoen said she sees “a slight surplus” for rhodium for the remainder of the year following sales of the metal by a Chinese manufacturer in the fibreglass sector. A rerouting of palladium from Russia had eased fears about supplies that sent the metal’s price to just over $2,932/oz a month after the invasion of Ukraine last year.