Jubilee Metals Share Discussion Threads

[frogkid] 14/11/2024 09:03

I am really not buying any more shevvers!

[sleveen] 14/11/2024 08:51

being pragmatic the copper price has slipped somewhat, over the past few days.

Jus might have the merest effect on share price progress, being pragmatic.

[frogkid] 14/11/2024 08:33

I don't know shevvers ! I'm not planning to buy more

[frogkid] 14/11/2024 08:13

Looks like the insti selling has dried up.but we do need to keep momentum here or we will drift.

[xow98] 13/11/2024 18:58

Charles Archer

Hi Charles. Are you doing the JLP chat tomorrow ?

Leon and co unavailable so pushing to next week. Will always give link with two days notice. Sorry for delay

[timhigginson12] 13/11/2024 17:36

Hi Oak Bloke,
Please explain your Chingola calculations a bit more fully.
The capital cost is put at $50m. Does this include the $30m JLP are paying for the site. JLP is paying quarterly but will the ownership pass into the JV. If so then it leaves $20m for other equipment. A large concentrator costs $6m but ordered in bulk might bring the price down to $5m. Roan is supposed to produce 7kt p.a.It is the concentrator arithmetic that puzzles me. If a concentrator processes 600kt p.a. with a cu content of 1.5% the output would contain 9kt of Cu. Even if the price per contained output were to be $2000 this would yield $18m which looks ridiculous: probably a decimal point in the wrong place.
According to CAML leaching gives a cost per ton of $2000.

[the bull] 13/11/2024 17:25

a 1.2M and 1.8M sale this afternoon, probably linked. Maybe the selling hasn't stopped yet. They push it under 5p again and I could be tempted. Enjoyed Charles update

[frogkid] 13/11/2024 16:37

Hi Shevvers, I bought 500k in the last week. Frog

[pshevlin] 13/11/2024 16:06

Thanks yCymro, that's what I thought. Can't be that many people daft enough to cash out at the moment. Shows there are still quite a lot of shares available cheap though.

[wet your knot] 13/11/2024 16:06

shevvers: "They were split in order to guard against M and A not to facilitate it as far as I could gather from the comments". I'm not sure that I would follow the logic that splitting out the businesses into parts aligned to it's commodities is protectionist. If you want to buy the whole lot then that's easy. If you want one part and not the other then that's so much easier if they are split internally already (people, customers, systems etc..) even if not by legal entity.

In 12-18 months or so they are going to have a copper business that, on an annualised basis at least, is going to be the same size (if not bigger) financially as the total current business. We know there are companies out there after copper assets exclusively, the surge in demand for copper is going to be over decades to come. The significant jump in scale for JLP is going to be over, as I say above and we all know anyway, the next year or two.

The question is what positions the company best for maximising shareholder returns?

[the bull] 13/11/2024 15:28

A few months ago I contemplated exciting a big holding of metals and adding 2M here. Common sense got the better of me. Or rather diversification strategy got the better of me. I believe I will live to regret that decision not to though. I think this is the best stock on the market for potential (apart from crazy AI stuff of course).

[y cymro] 13/11/2024 15:00

|Just topped up at 5.298

[pshevlin] 13/11/2024 14:56

Is anyone buying or selling at the moment. If so what are the real prices please.Can't do a dummy buy at present as a/c out of dosh.Fully loaded til next month.

[pshevlin] 13/11/2024 14:17

Depends on how many chancers there are froggers who think they can trade it. The sort that have no understanding of what the company does or how it might move suddenly. Who cares, I'm not selling and there are others buying the odd million at a time.

[genises] 13/11/2024 14:09

If it doesn’t them more shares for me when my smallish lump pension goes into my bank account which will
Take me to 3 million at these prices.
Rocket in 8 weeks time

[frogkid] 13/11/2024 13:45

Surely this must hold above 5?

[pshevlin] 13/11/2024 10:52

They were split in order to guard against M and A not to facilitate it as far as I could gather from the comments.

[wet your knot] 13/11/2024 09:31

sb - I haven't claimed it's "said" anywhere.

Frog - just speculation based on the comments that came back from the AGM regarding the company structure and M&A activity, it sounded like it came from Leon or whoever in one sentence. Obvs I wasn't there and only saw the comments from the above post but it felt like JLP are mirroring what's going on elsewhere.

The comment is open for discussion of course.

[frogkid] 13/11/2024 09:24

What are you on about WYK?

[wet your knot] 13/11/2024 09:13

So South Africa chrome & PGM to be sold off and the proceeds used for the expansion into more copper both locally (Zambia) and further afield? JLP is being structured on a similar approach to AAL which can only be, in AAL's case, to facilitate a sale of part of the business. Note that AAL had a large scale copper mining (in Zambia) licence application reinstated last week.

[mr waite] 13/11/2024 06:49

From Mikiesunday on LSE

IRH very much sound, but incredibly demanding. Jubilee getting solid interest from other parties. Jubilee in a different position now with the front end of Roan proven. Potential to re- negotiate, while IRH ask for due dilligence. Maybe ask for better terms from IRH? It’s no longer a lab concept, it’s now reality. Very likely to be repeated as well with IRH or different partner.

[mr waite] 12/11/2024 22:37

Indeed
3 posters on LSE have posted from the Agm
all very positive.
Good luck it’s a no brainier.

[robers98] 12/11/2024 21:47

Post copied from LSE; Mikiesunday