Jubilee Metals Share Discussion Threads

[frogkid] 12/4/2024 08:41

I completely agree SB

[sb] 12/4/2024 08:40

Who cares if you can see it or not.... guns are so rife and wild in the US you are stupid to assume someone isn't carrying... Its a non-issue and a BIG issue. At least De Santis has sober and practical conservative values and policies and is killing tjhe DEI movement in FL at least.... pity he hasn't been given the opportunity to make it nationwide.

[frogkid] 12/4/2024 08:11

I agree, although he did pass a law allowing all in FL to conceal carry!!

[frogkid] 12/4/2024 08:04

What an absolute hoot, the Donald and his Knightyness. I would imagine the Donald will attempt the rogering of the tax dodger Baroness Angela when she flashes the bloomers at him. Oh, what a laugh!!

[sb] 12/4/2024 08:03

It should have been De Santis.....

[wet your knot] 12/4/2024 08:02

Although LC has his good and bad points I can't imagine him inviting people over without being confident of putting on a good show. Mind you, I hope they had the right person at the talk yesterday, the Global Gateway website has got Ricus Grimbeek down as CEO!

[frogkid] 12/4/2024 08:00

Unfortunately the only alternative is Biden. I find it incredible that in a country that size they are the only option. I hope Trump gets in because Ginger and the Whinger along with all their champagne socialist hypocritical little gang despise him.

[wet your knot] 12/4/2024 07:57

Ade, I have some tech based funds and have been checking to see if DJT appeared....fortunately it didn't. Whilst I too don't proactively wish anyone any harm I think the phrase is "I wouldn't p*ss on him if he was on fire". Anyway, better things to talk about with JLP. I hope they do some extra PR around the Gateway event, it's a great opportunity.

[frogkid] 12/4/2024 07:10

I think many of us were half expecting an RNS prior to the holy visit today. The expectation was holding the price so don't be surprised if we revisit low 7s today.

[the bull] 11/4/2024 23:01

I am still standing by my 8p target sometime this Friday. Ok, I have had a few Abbott Ales, but lets see. Been watching and in Jubilee for must be 20+ years. Spread bet at 120p which was closed out at 60p and i complained about that bitterly to IG, turned out they did me a favour

[frogkid] 11/4/2024 22:23

A fascinating story unfolds, but we have our own problems.

[adejuk] 11/4/2024 20:43

if you like clusterf's take a look at djt on nas.
i have never wished anyone dead but i have read many obituaries with a lot of pleasure

[sb] 11/4/2024 17:13

What do you mean, HUM did it??

[21ant] 11/4/2024 16:40

Thanks freedom - of course not.
Just a coincidental timing issue these last two days. We've had a good run up on no news with tax year end and anticipation of what's to come amongst other things. Volume dried up a bit yesterday and again today but this also coincided with a poor CPI report from the US and the markets have been in a down mood ever since. A lot of red in the last 24 hrs.
It's giving us the natural breather we would have been expecting.
I would expect possible news next week or the week after and that could be a few things as previously stated so not long to wait.
Tomorrow the delegates are being shown around Jubilee (7am - 3pm) UK time and we do have good Fridays normally. That said we could easily pull back a little bit further ahead of news. Great time to buy imo.

[frogkid] 11/4/2024 16:38

HUM did it !!

[freedom97] 11/4/2024 15:43

And it worked the mm's just lowered the Bid.

[freedom97] 11/4/2024 15:41

15 small trades all @15:34:54 is that you Bullster using that software you mentioned you bought a few years ago, trying to affect the direction of the SP?

[oldboffy1] 11/4/2024 15:19

Just a thought. We are all waiting to hear that the upgrade at Roan is up and running. If there were any hiccups would LC be hosting a field day tomorrow for the delegates at the conference?

[freedom97] 11/4/2024 15:03

For those new here (and as a reminder for other pi's), it's worth listening to Leon being interviewed by Charles Archer on Midweek Takeaway:



Plus hope Ant doesn't mind me re-posting his excellent notes on what was said:

21ant25 Mar '24 - 12:32 - 58086 of 5848 10 0

So, all in all everything is on track and all systems go. Great to get the questions answered that were submitted.

My notes:

Roan - All hands on deck, pushing very hard and he did eventually say yes to fully operational at the end of April. I would give some flex here maybe.

Sable - Q3 upgrade (July to Sept) will be up and running at the improved capacity almost immediately after the work is complete. Also talked about the need to look beyond Sable as the only refinery in months as opposed to years

IRH - Lots happening, working on the implementation and process solution. Ultimately a carbon copy or Roan though. Probably 2 weeks away from lots of news flow on the size, implementation (the how and speed)

Munkoyo - work still on track to reach production levels of 25000 tonnes of ROM over the next 12 months

Thutse - about 2 1/2 months until the 9th Chrome module is up and running. On target.

PGM's - as we know; production costs very low so still profitable. Creating more feed material as Chrome expands. Very well placed for any uptick in prices. Current quarter/half revenues very similar to LY as it stands.

Current copper volumes - not totally clear but I would suggest between 300 and 600 tonnes per month. Initially reduced to 50% capacity then down to 40% at Roan. Once up and running it will be 1000+ from Roan (13000pa)
Talk about growing chrome revenues and copper revenues and that copper revenues will match chrome and eventually surpass

Profit: Chrome is at double digit growth through processing more of their own material. With the volume growing too, the revenue and profit benefit. Copper then ramps up and follows a similar pattern really adding to the bottom line

Equity raises: Thutse expansion fully funded from own cashflow. Copper supported through recent raise and IRH. No requirement to come to market. Even with lots of 'must have' opportunities in Zambia, he stated 'they may not need to have all of it' and therefore expand without coming to market.

Load shedding in Zambia. Primary protection for Jubilee through priority supply from Zesco. Only if load shedding hits extremely high level will they be affected. Looking at solar panel options for their modular roll out. Additional benefits to this being they can not only back up their own plants but potentially supply to local areas which tend to be remote.

Warrants - He said these were all historical. He is right regarding the prices mainly being at a premium to the current share price but the 22m that hit in December don't look historical to me so needs more digging and clarity.

Why Jubilee?
1. Already created a sustainable profitable business which many haven't in this space. That is significant and de-risks JLP in my view
2. Diversification in Chrome, Copper and PGM's with Chrome and Copper in high demand
They are not a miner or a PGM company but a Copper and Chrome company with a PGM by-product. They are quick to expand (see Chrome) and low capital.

We are at an inflection point for extreme growth, not just organic growth

I've bought some more ;-)

[frogkid] 11/4/2024 13:19

Good summary Chester , thank you

[adejuk] 11/4/2024 13:08

emma
lol

[chozza] 11/4/2024 12:13

Thanks for reposting ChesterGreen, as digger2779 says, a lot to look forward to.
First up confirmation that the IRH JV is done and dusted please.

[digger2779] 11/4/2024 11:45

Cheers ChesterGreen. There's a lot to look forward to.