Jubilee Metals Share Discussion Threads

[21ant] 26/3/2024 14:10

Not much going on in the auction a few minutes ago. Someone wanting to buy 100k shares for 5.4 but didn't get it. Hope they don't and the 'above mid price' trades keep coming. It will have to give eventually

[pshevlin] 26/3/2024 13:55

All buys just being soaked up at below share price Somebody is still selling out.

[pshevlin] 26/3/2024 11:34

I think IRH are more likely to sit back and see how the arrangement works before buying in. They are quite welcome to have 20% but not at the expence of the shareholders. They can always buyout Slater and some others if they wish. Jubilee should not be diluting at all at these stupid prices.

[kennyp52] 26/3/2024 11:17

Yep .. most of those idiots have averages in the 2’s 🤷‍a94;️

[wet your knot] 26/3/2024 11:15

robers, sorry yes, I put quarter but meant current half year!

ant, as you say, if they miss full year guidance but we're doing 1,000t per month by June (compared to the recent 250t per month) then it won't be too shabby.

[21ant] 26/3/2024 10:46

Tim, I don't know about the price action similarity but I would also be surprised if IRH didn't want a stake here, possibly to build over time for a buyout but hopefully we will be well North by then. A stake early on though would get people's interest in the company.

[robers98] 26/3/2024 10:38

Jlp had said on the interims to hit copper guidance it was all back loaded into 2nd half. We shall see how close it gets however, once off and running there should be change in market sentiment.
At the AGM management agreed we had ended up 18months behind schedule.

[timhigginson12] 26/3/2024 10:32

Reviewing my position in JLP I note that my average cost is 4.5p having been held since before the purchase of Sable in 2019. Not a good hold so far. However looking at what has happened since 2019 we are in a totally different place.
The current price action feels eerily like that prior to a fundraise so it would not surprise me if IRH wishes to have a 20% interest in JLP.

[frogkid] 26/3/2024 10:28

Aah yes, he then moves onto Cu

[frogkid] 26/3/2024 10:26

He's talking about chrome is he not?

[21ant] 26/3/2024 10:13

Basically if Roan is completed by the end of April they will have two full months of production at over 1000 tonnes per month. For this quarter (ending this week)it is running at around 40% of capacity so I would expect maybe 1200 -1600 this quarter. If they are to achieve guidance for the year of 5850 they really need Roan fully up and running for those two months. It's not the end of the world if it's a bit late but it won't help short term sentiment so it's as much about credibility as anything. After that then we're off to the races.

[wet your knot] 26/3/2024 09:52

The section in the interview from 20m 30s for a couple of minutes is interesting. Leon answers the question around Roan coming on line in full when being asked about financials. He's kind of answering the first question about Roan but without being asked the specific question, I like it when this happens as I think it reveals more of a genuine response. The wroding isn't exactly precise but I think he is saying that the impact from copper (on margins/profit) will be seen through the back end of the current quarter. He sounds confident to me. It would be interesting to get others view on this section, its 20m 30s for 2-3 minutes.

[21ant] 26/3/2024 09:48

They're mine Pshev - all I can afford ;-)

I reckon Frog is starting out with more money than I'm hoping to achieve :-)

[pshevlin] 26/3/2024 09:37

Undoubtably there will be jam but how much and how many varieties? I'm partial to apricot and little scarlet myself.

[pshevlin] 26/3/2024 09:35

9x1 again in the buy column. I've seen that before.

[alpal2] 26/3/2024 09:31

Pleased that the usual posters on here haven't lost sense of humour. As a v long term holder, I'm very frustrated at 'jam tomorrow'. What chance that Leon gives us some jam in 2024?

[888icb] 26/3/2024 09:04

The Charles Archer interview is well worth 30 minutes of your time. They conclude that JLP has reached an inflection point. The rapid growth on all fronts is going to be reflected in the financials. As a long term holder of JLP I am convinced 2024 will prove to be a transformational year for JLP as copper kicks in to follow the success of Chrome which continues to grow at pace and is very profitable.

[frogkid] 26/3/2024 08:50

Inability to consume lunch

[xow98] 26/3/2024 08:49

New garters?

[frogkid] 26/3/2024 08:42

What's the worst that can happen!?

[pshevlin] 26/3/2024 08:35

Good on yer. My guts would be garters well before yours!

[frogkid] 26/3/2024 08:32

Oh and I did sell my house last year but that is spread across interest bearing one year cash accounts. Daren't touch that, 'er indoors would have me guts for garters.

[pshevlin] 26/3/2024 08:22

How much cash have you got froggers? I'd have to sell my house to keep up with you.

[frogkid] 26/3/2024 08:04

And the 14k