Jubilee Metals Share Discussion Threads

[robers98] 22/3/2019 15:55

BMR 12.5% should now be reduced with the cost of the plant. Also you would be waiting to see what vehicle they put the royalty in.
If that's split out of BMR then what would stop JLP selling up. So I wouldn't expect BMR to move anytime soon even if they re-list with another asset. Imo

[plat hunter] 22/3/2019 15:54

Courtesy of of DKOK on LSE

"The Sable plant can produce 100 tonnes of acid per day, the current price is $275/tonne, so potentially $27,500/day or $192,500.00 per week from sale of acid to Glencore. If we were able to produce at that rate and Glencore takes it all, then we will effectively get half of the purchase cost of Sable back whilst we are in the process of getting Kabwe up and running."

[goldibucks] 22/3/2019 15:51

“Kabwe will not start producing much for about three years” Where do you get 3 years from? Leon said first metal from Kabwe in 8 months on the Proactive Investors video on YouTube from yesterday.

[plat hunter] 22/3/2019 15:49

It's only 11% now Tim.

Checkout BMR's official twitter page first. Sounds like it's being run by Krypton

[plat hunter] 22/3/2019 15:47

plat
do you grow roses?

No but i do grow money.... diluted by X 0.30 for 10 X current EBITDA.

Bring on Tjate dilution, i got cash to burn.

Dan once asked, "how do you make money from placings"

[timhigginson] 22/3/2019 15:26

The effect of the issue of the shares for the Kabwe deal is that any gain we might have expected in the share price in the next few months has to be diluted by the extra shares which will be in issue. So if we might have expected a near term rise to 7p this will be reduced by roughly 5/18 ( the new shares over the total shares). Kabwe will not start producing much for about three years but the financing costs and loan repayments will have to be met probably ok from current income streams.Although current trading has yet to properly mature and the results feed through to a higher share price the danger exists that the BOD will come up yet another transformational deal.
If as CB stated at the 2017 AGM the prospective P/E was then 2 then the price of the Kabwe financing was much higher than $14m as the shares used as payment should have been worth at least 5p instead of 2.31p. All being well on the expected tonnages at todays prices Kabwe's fully ramped annual turnover would appear to be c$108m p.a. so ought to produce $10-$20m. Perhaps time to look at BMR as their 12.5% profit share could be interesting

[adejuk] 22/3/2019 15:21

btw
i don't
tried to grow a rose garden once
i had to give up
too many beasties eating the bloody things
sounds familiar
being there?

[adejuk] 22/3/2019 15:19

plat
do you grow roses?
they're very difficult to maintain

[1madmarky] 22/3/2019 15:08

Plat - the only issue is that future spoils will have to spread further.
But we start munching our way through the Kabwe tailings this year......no pipe dreaming

[haughtonhoney] 22/3/2019 13:19

Interesting. Thanks.

[plat hunter] 22/3/2019 12:51

JLP Share price 22.03.2018 = 2.35

Since then...

BMR have been dumped out
Retain a 29% holding in BMR (possibly worthless though)
Platcro purchased
Kabwe fully financed
Instiutional investors increaded to 33% of issued capital


JLP share price today 2.35.. All of the above for zero cost to existing shareholders whilst also increasing the trade discount to NAV.

[robers98] 22/3/2019 12:45

Post over on lse.
Captping
I know of one of them that's just taken a £2m slice of the placing, - not at liberty to say who but they are the kind of organisation that will be in it for the medium to long term just so long as the development plans stay reasonably on track.

[bullster] 22/3/2019 12:32

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eblitz,

Full offer has been paid two other times this morning.

10:41:31 22-Mar-2019 2.40 p 750,000 £18,000.00 Off-book AIMX
09:22:56 22-Mar-2019 2.40 p 700 £16.80 Off-book AIMX

Price improvement involves attaining a higher bid price, if you are selling a stock, or a lower ask price, if you are buying a stock, than the price quoted at the time your order was placed.

edit... sorry eblitz, i'm being over excited.
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[kryptonsnake] 22/3/2019 12:27

Crack Hunter thinks if a project isn't fully financed it's not actually a project LOLsss

Is it fully funded though? It's worth going over the figures with a fine tooth comb

[eblitz1] 22/3/2019 12:24

I presume your saying someone paid full offer

[sharenotes] 22/3/2019 12:22

Haughtonhoney,

Straight from a BIS document:

A 0% risk weight will apply to (i) cash owned and held at the bank or in transit; and (ii) gold bullion held at the bank or held in another bank on an allocated basis ....

The quoted dates for implementation are many and varied, although there are multiple sources quoting the 29th of this month. I have now seen another date that stretches this to 2027! Notwithstanding, it is clear that the BIS are putting the scaffolding in place for the next ‘crisis.’; If it goes live in April – read into this what you will!

[bullster] 22/3/2019 12:09

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Price improvement code reported on the stock exchange.


11:37:28 22-Mar-2019 2.40 GBX 25,000 600.00 Off-book PRIC AIMX

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[bullster] 22/3/2019 12:05

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Tailings reprocessing is a retracting industry and the fewer who participate in it, the better.

Only miners will survive with a meaningful business where tailings are concerned.

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[eblitz1] 22/3/2019 11:43

I would not be st all suprised if the board of Glencore are not the new investors
Selling the plant for an acceptable amount and investing in JM which would be petty cash for them will not be suprised if JM go on and loo at waste deals for Glencore

[sharenotes] 22/3/2019 11:32

No, I am not aware of that; I need to do some digging - thank you.

[sharenotes] 22/3/2019 11:16

Bullster,

I can recall getting introduced to a famous politician. It was a salutary moment. He had to talk to a number of individuals. When he walked into the room I noticed that he was being briefed in real-time by four individuals that accompanied him. From the brief he then approached the ‘appropriate’ individual and gave the impression that he was sincerely interested in said individual. When he got to me, something had gone awry with the brief. Notwithstanding he was very convincing, almost hypnotic in his delivery, even though the content was complete tosh. The impression of cabals, Trump and whatnot that is accessible in the public domain will largely fall into the same category – complete tosh, even though it may look/sound compelling. What is not complete tosh is the BIS ruling and that is something we can genuinely analyse.

[choppernoel] 22/3/2019 11:03

Leon, each time you release news about jubilee, the share price falls. How can you not see that your actions are resulting in this shareholder destruction. Share buyback. Who the heck are u trying to fool with that share buy back policy in the future. You truly have destroyed many long term investors shareholding values in jubilee over the years. You treat long term investors like trash. When u need finance, u just dilute and show the middle finger to the long term shareholder. You have no shame for your actions. I am a shareholder in jubilee and regard you as a Con Man and dishonest person. If you don't like my views, take action.

[choppernoel] 22/3/2019 10:36

JSE down 12%.