Jubilee Metals Share Discussion Threads

[plat hunter] 01/3/2019 12:52

They couldn't run a sweet shop, those clowns

[choppernoel] 01/3/2019 12:10

Jubilee would just be wasting time then

[choppernoel] 01/3/2019 12:08

I think we will get an rns saying terms were not favourable for sable and that we are going to be building a plant ourselves” Definitely a possibility. Why is that a negative? Nobody can force Glencore to sell us Sable cheap. It has to work for them.

If that is the RNS then Jubilee would have known that fact 60 days ago, maybe longer. simple. Sable/Glencore would have said NO A LONG TIME AGO.

[bullster] 01/3/2019 12:07

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Congratulations Jubilee Metals, you are now in profit.


It's not official yet, so that's why onlookers better be quick to act!

There have been dissenting comments about JLP saying that they are making a profit yet when the results appear, they show a loss.

This is because many don't understand the relationship between the GROUP as a whole and its subsidiaries. Although all the focus has gone on the more profitable subsidiary, Jubilee Metal Processing, for instance,many don't realize that the negative impact from the other subsidiaries drags the profitable into an overall negative in the final financial report.

The turnaround is here and now, followers already know, so newbies need to get their asses in gear.

JLP produce a quarterly update for their projects, with Hernic being the jewel in the crown at present, with more to follow in quick succession.
The Hernic earnings figures are given with all its individual project costs taken into account.A £2M quarterly profit at Hernic looks good but when the GROUPS other loss making projects and subsidiaries are accounted for, it has wiped out the profit.From the last set of results you can add up the GROUP expenses which come in on top of the project level gains and include directors pay, administration, loan interest, amortization of assets, etc.

The tide has now turned, with the extra ounces and the rising price of pgm's the profit at Hernic "alone" is for the first time ever, greater than the yearly £6M-£7M GROUP expenses, earnings per share is now positive.

Those who catch the turnaround can't lose, i won't say good luck because this is prosperity on the back of hard work.

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[toobs1] 01/3/2019 12:06

Massive massive placing,that's the negative for a starter.

[goldibucks] 01/3/2019 12:02

“I think we will get an rns saying terms were not favourable for sable and that we are going to be building a plant ourselves” Definitely a possibility. Why is that a negative? Nobody can force Glencore to sell us Sable cheap. It has to work for them.

[toobs1] 01/3/2019 11:40

You should tell that to Colin Bird,he was going on about revenue will start flowing in by April,May the latest.

[nelson01] 01/3/2019 11:26

Why do people think you can do a deal with a major mining company and an African government in a few weeks...impossible. First they have to try and buy sable for a hell of a lot less than glencore paid for it, then before paying for it they have to have an assurance from that government (that takes months to do anything) that they are actually allowed to start processing....then the legal teams take over and take another few months,it could take another 6 months but I suppose if deme were ceo...lol...it would be all done in a fortnight.

[toobs1] 01/3/2019 11:26

Well done Deme,someone talking with no blinkers on.

Plats I thought its currently 25000 pgm ounces per year,and do we get full basket price( what about refining cost to Lonmin?) Last time I checked Platcro took out debt of 6 million dollars in January

[plat hunter] 01/3/2019 11:18

Toobs, it's currently 50,000 pgm ounces a year with a basket price of aound $1200 an ounce at average 40% margins. Plus $5 million a year in chrome and growing.

Total debt liabilities is around 3 million or 5% of NAV.

Not many resource companies shave a balance sheet like JLP that's for sure and those that do aren't trading at a 45% discount to NAV.

And thanks to the retained loses here, JLP won't be paying any corporation tax for quite a while

[deme1] 01/3/2019 11:15

"Watch what happens".

I think we will get an rns saying terms were not favourable for sable and that we are going to be building a plant ourselves.
which will result in more dillution and that is the reason for the delay, Colin and Leon are scurrying around offering shares at a discount to friends and friends of friends!

all in my opinion of course.

[goldibucks] 01/3/2019 11:09

Exactly. Also, when shareholders don’t hear from JLP much, you know they don’t need your cash! :-) If they did, we’d be getting groomed with jam tomorrow announcements and webcasts. They are making more cash daily, hence the radio silence. Watch what happens.

[toobs1] 01/3/2019 11:07

Plats how much debt does Jubilee have and how much revenue does Jubilee make?
Please help

[cptborelli] 01/3/2019 10:54

Anyone seen my Mandolin, it's a great fiddle

[cptborelli] 01/3/2019 10:52

AMC?

That says it all. I wouldn't touch that with a scabby one

[toobs1] 01/3/2019 10:52

My mistake Goldibucks,sorry.Massive, massive placing on the way then.

[plat hunter] 01/3/2019 10:44

Total debt here is 5% of NAV. Revenue covers debt by approx 26 times.

There are very few companies is such good financial health as JLP.

[plat hunter] 01/3/2019 10:40

It's a producing and profitable company near to record lows, worth a punt in my view.

But hey how what do I know.. AMC is the real winner lol

[toobs1] 01/3/2019 10:39

Look at xtr,glr,bzt,bmr and there is your answer.

[flugelhorn] 01/3/2019 10:37

we all know who has lost his money PRAT, why else would you continually ramp this.

[plat hunter] 01/3/2019 10:27

Undie, can you ban this cretin please?

It seems I have a stalker, who's butt hurt at losing money