Jubilee Metals Share Discussion Threads

[aceshi] 15/3/2019 05:57

And while we are kindly educating folks. I would like to prove to everyone that Losta is a fraudulent account. Google IDIA, and it proves exactly my point of a few weeks ago, why no sane, recreational sailer would be anywhere near Mozambique, as he ignorantly claimed to be, at this time of year. So, proven, Mr 1%is another lying ramper account. Fool.

[aceshi] 15/3/2019 05:43

Educate these people. Let's get real, there's a substantial difference between 43mil as estimated and 1, 6 mil. Without deflecting, please elaborate.

[plat hunter] 14/3/2019 22:23

Mdlos.. the PGM material at DCM is classified as 'Inventory' and was valued at 1.6 million of the the total assets of 69 million as of year end 2018.All in the audited accounts. If there's any thing else that you don't properly understand just ask.

[plat hunter] 14/3/2019 17:44

"Fiat Chrysler Automobiles NV’s recall of almost 862,520 gasoline-fueled vehicles could spur additional demand for the palladium market that’s already reeling from shortages.

Replacing the catalytic converters in these vehicles would require an additional 77,000 ounces of palladium, said Miguel Perez-Santalla, sales and marketing manager at refiner Heraeus Metals New York LLC."

[plat hunter] 14/3/2019 17:21

Nelson.

JLP's Net Assets are valued closer to 70 million. JLP is currently trading at a 50% discount to it's NAV as well as producing earnings.

There's nothing to ramp here anymore, it's all been done and fallen out of bed, people are just waiting for the bottom line now: which you can see has been improving in multiples of tens for the last 18 months.

Kabwe and Tjate talk will no longer move this, it's fundamentals only from here on out and those that don't understand them are the likely the ones that will miss out.

[choppernoel] 14/3/2019 16:34

Leon, try learn what the word honesty means.

[choppernoel] 14/3/2019 16:25

The buyer pulled out. Anglos pulled out. Leons excuse was that jubilee wanted more money. Absolute LIE.

[deme1] 14/3/2019 16:02

"Let’s conservatively value Tjate at 10 million as Jlp sold a small part of it for 5
Million a few years ago (but then decided to keep it)"

We did not decide to keep it.
The buyers pulled out!

#lemons

[bullster] 14/3/2019 15:50

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The original question came from Plat Hunter, "does anyone know the value of the pgm stock pile at DCM ?."

I used the pgm stockpile figure at the pre-finechrome extraction stage, from the January rns.
This material is ready to go into froth floatation, like as at Hernic.
We know how much profit per ounce is being achieved, so a comparison is legitimate.

p.s. the value was calculated as we expect to get it to post froth floatation stage and not a fire sale of pre-ff material.

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[nelson01] 14/3/2019 15:43

Lol...I assume the idiots on here are valuing the DCM pgms at zero and Tjate at zero
And PLatcro pgms at zero.

Let’s conservatively value Tjate at 10 million as Jlp sold a small part of it for 5
Million a few years ago (but then decided to keep it) and let’s say DCM pgms are worth about 5 million. PLatcro pgms 3million (what we pai for them). Platrcro fine chrome 10
Million (what we paid for it)

So that makes a fire sale value of 28 million usd of assets without DCM fine chrome, Hernic and Kabwe....lol...IR17;m afraid the derampers are clutching at straws.

[bullster] 14/3/2019 15:36

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Yes cost increases.

So you will want to recoup your extra outlay.

As Leon and Colin have said with Lead at Kabwe, "although we may not get it to refined level, we can still sell the upgraded lead dirt as it stands, for a profit".

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[aceshi] 14/3/2019 15:35

The value of stockpiled Pgms and using a far higher value for these calcs than what the market is currently paying.

[aceshi] 14/3/2019 15:31

We are going off at a tangent again. The point in question is how is

[goldibucks] 14/3/2019 15:31

“The value attached to the mountain of stag, has a direct relationship to the achievable value”. Absolutely, that’s why I don’t get it when Deme dismisses the value of the PGM basket price going up. If it coincides with when JLP crack open the value in the PlatCro and DCM PGM tailings, happy days!

[goldibucks] 14/3/2019 15:19

“Value increases” Cost increases, value or what the market would pay doesn’t come into it, hence you don’t revalue up or down like you might choose to do with say freehold property on your Balance Sheet.

[aceshi] 14/3/2019 15:19

I hear you, but you are missing my point. The value attached to the mountain of stag, has a direct relationship to the achievable value, of the final product.

[goldibucks] 14/3/2019 15:17

Interestingly, they show £17.6m of fully written down nickel tailings in intangibles so that’s probably where we’d expect to see tailings in the 12 months following the accounts being signed. There are no DCM tailings there so they don’t appear to be anywhere on the Balance Sheet. Presumanly, because they can’t attribute a specific cost to them from past deals.

[bullster] 14/3/2019 15:12

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It's called "adding value" to an asset.

If you buy a mountain of slag and crush and sort out particles,

it's worth more!

Value increases as more effort is put into it, until the point of sale.

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[aceshi] 14/3/2019 14:55

How on earth can you put a value to stockpiles, if you are not factoring in what the market is currently prepared to pay for the processed PGMs

[goldibucks] 14/3/2019 14:54

One thing looking at the Inventories note tells me is they won’t be able to recognise any profit on the PlatCro PGMs until they get processed at Eland and sold to a third party. So all the pre-processing on site at PlatCro will achieve is a higher inventory cost equivalent to what they spend on the pre-processing and eventually what they spend transporting them to Eland.

[goldibucks] 14/3/2019 14:51

“Are you saying that they should revalue the asset for the new process and put the difference through the P&L?” They show tailings as raw materials within inventories and inventories are held at the lower of cost and net-realiseable value so they wouldn’t revalue them. In the 2018 Annual Report, in the inventories note, they had £1.19m in inventories for PlatCro PGMs but nothing for DCM PGMs so I’m guessing they didn’t acquire the DCM PGM tailings for a particular cash like sum as with PlatCro PGMs so they aren’t split out in the Balance Sheet.

[bullster] 14/3/2019 13:41

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I've said this before, but will simplify for the hard of thinking.

I do not use the basket price to calculate earnings/profit.

The RNS'd quarterly updates provide how many PGM's are produced and for what profit, i merely gather unit values from the declared figures.

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[plat hunter] 14/3/2019 13:29

Mdalos the conversation was about the PGM material in stockpile at DCM. You're interpretation of the conversation is incorrect.