Jubilee Metals Share Discussion Threads

[goldibucks] 23/2/2019 22:30

“Either Kabwe doesn't go ahead and the share price tanks or it goes ahead but needs a large placing to fund the project”. There is nothing in the share price for Kabwe. It was 4p+ before the Kabwe deal was announced with lower Hernic earnings. Also, they will be making enough from Hernic, DCM, and PlatCro by calendar Q3 to support a multiple of the current market calitalisation without Kabwe.

[plat hunter] 23/2/2019 18:15

250,000 tonnes per month lol

[1madmarky] 23/2/2019 17:57

hxxp://www.northam.co.za/investors-and-media/publications/announcements/2017/1094-northam-acquires-the-eland-platinum-mine-and-concludes-a-chrome-marketing-agreement

More on Eland

Eland is located on the south-eastern limit of the western limb of the Bushveld Igneous Complex. It comprises two mining rights and contains a resource estimated at 21.3 Moz 4E with an average in situ 4E grade of 4.4 g/t (source: Glencore resource and reserve statement 2016).

The mine was placed on care and maintenance in September 2015. In terms of the Eland transaction and for a purchase price of R175 million in cash, Northam will acquire all Eland’s assets, including:

Eland’s two mining rights;surface and underground infrastructure including a concentrator with a nameplate capacity of 250ktpm; a chrome spiral recovery plant; a tailings storage facility with a capacity of 100 million tonnes; two decline systems equipped to 1.3km; and surface support infrastructure designed for a 250ktpm operation;immovable property; anda mining fleet in excess of 100 vehicles which includes low profile mechanised mining equipment.

The transaction includes the takeover of Eland’s environmental obligations and responsibilities. The purchase consideration will be payable on the fulfilment of all the conditions precedent. Northam will be granted access to Eland from the signature date of the agreement to the fulfilment of the conditions precedent in order to facilitate a smooth transfer of ownership. Northam will reimburse GOSA for care and maintenance costs, amounting to approximately R30 million per annum, during this period.

So the concentrator has plenty of spare capacity.

[kryptonsnake] 23/2/2019 17:42

Either Kabwe doesn't go ahead and the share price tanks or it goes ahead but needs a large placing to fund the project

Either scenario means a lower share price so investors never win. Leon will continue to reward himself with a £270k salary though

[kryptonsnake] 23/2/2019 17:38

There is no floor with the Jubilee share price it just keeps going lower

New lows are on the way with Leon's next project update

[kryptonsnake] 23/2/2019 17:37

Colin hinted at Kabwe production by April or May, that will never happen now

Leon needs to do the right thing and tell investors that Kabwe and now platcro are both delayed

He couldn't even get the quarter four Kabwe update out on time as promised. The chuckle brothers don't know what they are doing, that's why the share price is on the floor

[choppernoel] 23/2/2019 15:14

"Q1 project earnings being higher than Q4, Q2 being higher than Q1, and Q3 being higher than Q2". From goldilicjs. I say the share price will be highest In Q1, lower in Q2, lower in Q3 and so on. What's going to change this? Leon hasn't even mentioned the delay at platcro to the jubilee shareholders. absolute disgrace.

[goldibucks] 23/2/2019 14:28

“It's just that quarterly earnings have been rising yet the share price has been falling”. That’s because the value investors attach to what JLP might do in the future was wiped out and that was always a sizeable part of the share price. JLP have exhausted their shareholders’ patience over many years and the Kabwe license revocation was the final straw. It made them look incompetent. Dilution with no short or mid-term earnings followed by dilution with no earnings at all. And that paired with Hernic in business rescue and threatened with closure and DCM earnings destroyed. That’s how it was and why I sold at 3.6p and again at 3p. However, at 2.3p I got the Kabwe license back, BMR out of the picture, fine chrome potentially resurrecting DCM earnings, Samancor buying Hernic, and Hernic earnings up quarter-on-quarter in spite of low PGM prices. Everything has a price, nothing is black and white, losing a battle doesn’t mean you’ll lose the war. Any progress JLP make from here will need to go into the share price and the odds are heavily stacked in favour of Q1 project earnings being higher than Q4, Q2 being higher than Q1, and Q3 being higher than Q2.

[cptborelli] 23/2/2019 14:09

The trend is not your friend, if you're buying into a trend then you've already missed the boat.

[kryptonsnake] 23/2/2019 13:19

"By the time the calendar Q3 production data is reported in October the share price will be over 5p."

It's just that quarterly earnings have been rising yet the share price has been falling

If holders sold at 4p when it was clear the downtrend was in full swing they could have saved themselves a lot of money. So the trend is your friend

[goldibucks] 23/2/2019 13:16

“platcro starting now in May 2019?”. PlatCro PGM Processing started in January. The further refining at Eland by Northam will start in May. 3 months late. So what? With the price of platinum starting to rise, we’ll end up making more money. If you value JLP on a DCF model a 3m delay on the further refining at Eland would make almost no difference to JLP’s valuation.

[goldibucks] 23/2/2019 13:11

“The trend is your friend”. Not always. Look what happened to Purple Bricks this week. Revenue only up 10%-15% in the year and got slaughtered. JLP projects earnings will rise more than that in the next reported QUARTER and there is no trend premium to pay in the share price. They will then do that AGAIN in Q2 and AGAIN in Q3. By the time the calendar Q3 production data is reported in October the share price will be over 5p.

[plat hunter] 23/2/2019 12:59

We've spent circa 10 million on Platcro since the 2011 chemstof acquisition and around only around 5 million on Kabwe.What a deal kabwe was if it can be pulled off.

[choppernoel] 23/2/2019 11:45

platcro starting now in May 2019?

[plat hunter] 23/2/2019 10:51

Charts here mean nothing, there has been too little volume for too long. If you had any real sense you'd know that.

Ps.. You can get WRES for .49 on the offer now and only an 8.88% spread.. you must be tempted to add more now lol

[1madmarky] 23/2/2019 10:51

One point about Eland... when Northam do have PGM rich material ready to be processed. What volume will it be?
I've not found anything that gives me any idea wrt capacity that Northam will need at the refinery stage.

[kryptonsnake] 23/2/2019 10:45

The trend is your friend

Look at the 2 year chart and what does it say? The share price makes a new low, rises higher but never makes a new high, then falls to make a newer low. Rinse and repeat

Major downtrend is the answer. It needs to break above 3p to start the reversal

[plat hunter] 23/2/2019 10:44

You're an unhealthy individual Krypton.. Your obsession with me and your walter fantasies are incredulously laughable yet also slightly worrying.

I told you that you would lose all your money in BMR but you seem to blame me for it and hold some kind of weird unhealthy fixation with me and JLP.

I think you need to get help, I do understand that losing money isn't nice but it's really not the end of the world. You need to talk it over with a professional and get back to spending time with those who actually like your company.

[kryptonsnake] 23/2/2019 10:27

nelson keeps saying the share price is going to go up

He's been saying that for the last 2 years but it's only been going down

Who sounds stupid now?


LOLsss

[nelson01] 23/2/2019 09:36

What are you talking about, caravan park, you make yourself look so immature.

[nelson01] 23/2/2019 09:34

Nobody’s going to listen to you on here.....you post utter tripe all day. What are you
Going to do with yourself when Jubilee starts going up every day until the share price
Is 10 times what it is today.....it will, I can assure you, just on the rise in platinum alone.

[plat hunter] 23/2/2019 08:39

Four accounts now, eh Aces any advances on that or are we taking our medication now?

[choppernoel] 23/2/2019 07:01

I bet Nelson knows which ocean the caravan park is next to?