Jubilee Metals Share Discussion Threads

[grannyboy] 26/8/2024 11:45

Zeus..lofl. They recommended an offer for I3e from Gran Tierra Energy at a share price of less than 14p . They even had the audacity to claim that they "think it a reasonable and fair offer to shareholders."

This after several brokers put out T.P's of between 20p-30p a share. Take all the spiel that these spivs extol with a large dose of salt..

Maybe the spivs at Zeus are looking for a cheap takeout at these !!!

[goingforarun] 26/8/2024 10:43

It would be good if he could get clarity on the margin question to really understand the difference between Cathode and Concentrate and how this will work through to the bottom line.

[pshevlin] 26/8/2024 09:52

Thanks xow

[xow98] 26/8/2024 09:28

From last week - "Didn’t want to steal Charles thunder as he will interview Leon early next week"

[pshevlin] 26/8/2024 06:57

Anyone know when Leons interview with Charles is happening this week?

[pshevlin] 24/8/2024 14:40

Ade. You should stop looking at some of the news here. The Oak bloke was mentioned on the other place earlier this week. I'd rather take the figures from Zeus but as regards profit after EVERYTHING has been paid for they won't be much different.I hope you have looked at them. Everyone knows this is a year when development and expansion has taken most of the resources. Zeus gives a fair value of 11p despite that and as the Oak Bloke says the earnings are not really the figures we should be looking at. It's not just jam tomorrow, it's Jam from Harrods. I doubt any instis will be selling on the basis of that. It would be rather like adding extensions and refurbishing your house and the someone thinking they could pay the same for it as it was woth before all the work.

[pshevlin] 24/8/2024 14:31

Yes Robers but the Yanks are going to be refurbish the line from the Congo to Lobito in Angola. They don't want the copper to be going to the Indian Ocean and then to China. They are also projecting a line through Zamias copper area to link up with it. Lets see what gets built first. As Harry Hill would say. Only one way to solve it. Fight!!!

[robers98] 24/8/2024 09:56

hxxps://financialpost.com/pmn/business-pmn/scramble-for-critical-minerals-spurs-an-african-rail-revival

Already, truck logjams clog routes out of Congo, which last year overtook Peru as the world’s second-biggest source of copper used in electric vehicles and data centers that power the artificial intelligence boom. Zambia has ambitious plans to catch up with its northern neighbor. From the US and European Union to China, there’s a growing realization that rail must play a central and strategic role in allowing exports to flow.

------
Zambian government hopes to sign a deal with China next month that will see a $1 billion refurbishment of a line connecting its copper mines with the Tanzanian port of Dar es Salaam. In South Africa, which has the continent’s biggest rail network, state-owned logistics operator Transnet SOC Ltd. last month got a $1 billion loan from the African Development Bank to help boost its rail-recovery plans.

[sb] 24/8/2024 07:56

alpal.... just because the economy turns down, and there is certainly a high degree of uncertainty that it will, people still breed, houses are still needed, electrification won't stop, the world won't stop... and the copper supply won't increase overnight. Its too damn easy to let doom and gloom thoughts pervade and make bad decisions. You won't meet many successful pessimists.

[alpal2] 23/8/2024 17:38

Sadly, I have to agree with frogkid. Leon has come in for much vilification for outcomes which are beyond his control. In 2022 the price of Palladium was over $2000/oz. Now under $1000/oz. All the 'talk' was of a severe shortage of PGM's which has clearly not eventuated. And now I wonder about the price of copper; where is that going if there's a major economic downturn in USA and China. Much to be nervous about.

[adejuk] 23/8/2024 14:15

frog. i agree
see you monday:-)

[frogkid] 23/8/2024 12:41

Folks, I have come to the conclusion this tepid share price is going to continue for some time. I also believe macro events are going to adversely affect many stocks before JLP really start motoring. In order to maintain a decent board I will not be posting for some time.All the bestFrog

[frogkid] 23/8/2024 11:30

What astonishes me is how Leon talked Slater into this.

[wet your knot] 23/8/2024 09:23

Conclusion: "Full year FY25 and particularly FY26 will be transformative. The question will be when the market evaluates that jam tomorrow and realise it’s Jam from Harrods and not Jam always tomorrow".

[the bull] 23/8/2024 09:16

Freedom, if you only look at the figures presented, year on year growth is very impressive. But if you have followed the endless interviews, Leon has over promised and it makes the figures seem less impressive. The disappearance of the 25K tonnes figure is a real kick in the nuts. 18 months ago, I am sure he was talking about 40K tonnes. I will still hold but, very disappointed to be honest.

[sb] 23/8/2024 07:45

Keep going ade....

[adejuk] 23/8/2024 07:44

5.666 to sell 100k

[adejuk] 23/8/2024 07:32

£3.1 mill net profit!
if he's correct we will see 2p

[sb] 23/8/2024 06:59

And why should the debtors take 3 months to pay....??

[1madmarky] 23/8/2024 06:21

Tim - a way around that would be to offer a Cash On Delivery discount. Thus avoiding a cash flow issue.

[aceshi] 23/8/2024 05:49

It's a shame really. If first Colin and now Leon had delivered, in hard cash, a half of their hype to the markets, over the years, this would be an highly investable success story. Except it's become an endless tale of dilution, execution shortfalls and constant direction and focus flip flopping. It's become nothing more than a punt and at times a predictable trade.

[timhigginson] 22/8/2024 16:17

I listened to the roast interview and was impressed by Leon's statement that updates will be made as realities dictate.
What I like about the stated position is that 25000 tonnes of copper would give rise to a debtor balance of circa $54m if the debtors take 3 months to pay this is way more than 3 months at 600tonnes per month or $15m for 7000 tonnes and would surely spook the market for a fund raise.. I think we will achieve considerably more than 7k t but it will build up steadily and the earlier profits will provide the extra working capital. In cash flow terms we have already paid for the cost of the fabric so what remains is the processing cost so the net cash flow % will be nearly 75%. The chrome /pgm position I believe to be that a PGM margin of $300 per oz is being realised by making no profit on roughly 950,000 tonnes of chrome. Thereafter I have used a chrome profit of $40 per tonne.

[freedom97] 22/8/2024 15:36

For those who didn't see yesterdays Alliance News:

(Alliance News) - Jubilee Metals Group PLC on Wednesday reported strong copper and chrome production for the full year, but output in platinum group metals declined.

The London-based metal processing company, with projects in South Africa and Zambia, posted a 17% rise in copper production to 3,422 tonnes for the financial year that ended June 30 from 2,923 tonnes a year before, meeting guidance of between 3,250 tonnes and 4,000 tonnes.

For the fourth quarter to June 30, copper output surged 52% to 1,048 tonnes from 691 tonnes in the third quarter, despite operational stoppages due to construction activities at Roan copper concentrator in Zambia.

Chrome production concentrates rose 20% on an annual basis to 1.5 million tonnes from 1.3 million tonnes. Quarter-on-quarter, chrome output was up 3.2% to 421,698 tonnes from 408,710 tonnes.

But 6E PGM production declined 14% to 36,411 ounces on-year from 42,433 ounces, while PGM output fell 6.1% to 7,828 ounce from 8,339 ounces, on a quarterly basis.

Jubilee this month produced first copper at its newly constructed front-end section of the Roan operation. This upgrade was completed last month.

On Wednesday, Jubilee also said it had expanded its portfolio of open-pit copper resources, with the acquisition and implementation of Project Munkoyo and the agreement for the acquisition of Project G.