Jubilee Metals Share Discussion Threads

[frogkid] 10/6/2024 10:42

Sorry chaps, I know I'm going to get told off. I've offloaded a small tranche today. The silence is deafening. I don't doubt progress is made but I do not like being kept in the dark.Frog

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[frogkid] 10/6/2024 08:51

Reasonable points WYK, I very much look forward to being pleasantly surprised.Frog

[pshevlin] 10/6/2024 08:50

The death etc. was rightly condemned and I don't think that the new board would take that route again.

[wet your knot] 10/6/2024 08:48

"A murky and perplexing rabbit hole, the AIM regulations" - I don't think this particular "rule" could justifiably be called a "rule".

Frog, I'd be more doubtful about the comms if I saw no improvement. As was mentioned the other day, 3m updates were asked for and now those are supplied with a specific timescale.

Since the contractor accident we have been getting LTI rates at the start of every update. A clear sign that the company listens and responds.

No company is perfect from day one, if they were there would be no investment opportunity.

[brinks_matt] 10/6/2024 08:19

The question hinges on whether you believe that the Roan plant upgrade constitutes a “major new development” that may lead to a substantial share price movement? Jubilee already guided what is happening and the forward looking year end tonnage increases, so is this really a “new development”.

Conversely, you could argued that any delay of the Roan plant upgrade is a “change in expectation of performance” likely to “lead to a substantial”…(negative) “share price movement”. So should that also not be notified?

A murky and perplexing rabbit hole, the AIM regulations.

[frogkid] 10/6/2024 08:16

Hi WYK, I hate to bring this up but we were not told in a timely fashion about the death, water, and power issues.

[pshevlin] 10/6/2024 08:15

You could equally say that there are no problems with the commissioning of Roan which would affect the predicted outcome.

[wet your knot] 10/6/2024 08:13

Isn't that rule pretty much unenforceable? It's full of if's, maybes, likely, without delay etc.. Generally subjective with no specific timescale. However I would agree with Ade that if the wheels had come off big time we'd be more likely to have been told already as opposed to it will be working OK (even if it takes a bit longer). If that's what Ade was alluding to, apologies if I've put words in your mouth Ade.

[frogkid] 10/6/2024 08:06

I believe Ade's point is that Roan is clearly not running yet, or it would have been announced.

[adejuk] 10/6/2024 08:01

that none of those conditions appears to have been met.

[sb] 10/6/2024 07:43

And your point is, Ade?

[adejuk] 10/6/2024 07:36

The key Listing Rules affecting business updates are in the box "Key UK Listing Rule obligations". In summary, issuers must notify without delay major new developments that may affect their business if the development may lead to a substantial share price movement. Issuers must also notify without delay information concerning a change in financial condition, performance or expectation of performance if the change would be likely to lead to a substantial share price movement.

[frogkid] 07/6/2024 23:42

Laurel and Hardy

[wet your knot] 07/6/2024 15:55

I preferred Derek and Clive.

[frogkid] 07/6/2024 13:31

I think we do SB

[sb] 07/6/2024 12:51

In case anyone was confused....

[paulhopeful] 07/6/2024 12:38

It looks to me that production is being set up to beat all time highs.. Across the board. I think the question should be.. How much above the previous high the share price will go? Simplywall.st: Their estimate of fair value is currently 34p.. And that’s before the ramp up in production. Don’t panic.

[frogkid] 07/6/2024 12:30

Yeah I constantly panic.

[sb] 07/6/2024 11:35

But you don't know that they haven't ..... Frog a la Peche or Peche a la Frog ..... Either way, parking is a joy!

[philby1] 07/6/2024 10:58

I'm totally chilled actually. Much better than constantly panicking I find.

[alpal2] 07/6/2024 10:35

Has anyone asked Jubilee whether it met its time target?

[pshevlin] 07/6/2024 09:41

I'd like a few warm feelings actually froggers.

[frogkid] 07/6/2024 09:36

Hopefully everyone still feeling chilled about Roan !