Jubilee Metals Share Discussion Threads

[plat hunter] 11/4/2019 09:04

Lol Thanks for the heads up, your timely wise words have been noted

do you have any alternatives to invest my JLP in now that I will shall sell them down after your very much informed view?

[bullster] 11/4/2019 09:03

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JLP is not a pump and dump, for one reason.

The projects that are set to earn the big money are all underway, it's just a matter of letting them ramp up.

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[rock star] 11/4/2019 08:57

An old fashioned pump and dump going on here I suspect.

The Chairman Colin Bird could have taken it private himself if it is such a good company.

[bullster] 11/4/2019 08:55

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If you can see your way to envisage gross earnings of £11m for 2019 then using Shard Note production numbers for 2021 to give £110m.

A tenfold increase in gross earnings over a two year period.

When you consider JLP jumped from 3p to 6p when the Tjate license was issued, you can see that the share price can rocket ahead of it's time.

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[plat hunter] 11/4/2019 08:53

Very true Sharenotes

but to quote a very famous physician, "Time is relative to the observer"

I've been observing for so long, I now have a lazy eye

[sharenotes] 11/4/2019 08:47

The science of extrapolation – I spent a number of years (long time ago!) exploiting neural network arrangements for such a purpose. Now there’s a topic.

PS many are here because they were short term operators who became long term holders because their extrapolation was less than satisfactory!

[plat hunter] 11/4/2019 08:36

Is it simply speculation though...The evidence is the ROCE, all you need to do is extrapolate it over project timelines for a pretty accurate calculation.JLP is essentially a start up and has only been going 4 years (no need for pedantry) . All of which had been a proof of concept for the current model.Many will start getting in before the proof hits the pudding so to speak. That's how most of are here isn't it?

[sharenotes] 11/4/2019 08:25

I think it more likely that an announcement of a further noteworthy ‘deal,’ will be the motive force behind a share price rise. But, for now, simply speculation.

[frogkid] 11/4/2019 08:20

Sensible post Goldi. A decent rise will come from further institutional buying and takeover talk.

[sharenotes] 11/4/2019 08:08

A very grounded post Goldi. I always get very uneasy when your average punter cites great opportunity. History weighs against them being right, unfortunately. Notwithstanding, I am looking forward to the Q1 (2019) figures. I think 3p is fair at the moment.

[goldibucks] 11/4/2019 07:50

Some of the share price predictions recently are making me laugh. 10p and 20p by the end of the year from investors who previously called JLP a dog and Leon a lemon. I don’t see 4p-5p imminently either, that would be a £70m-£90m market cap, toppy for a company that just reported it’s first £0.8m profit, they will need to show how good the SA business is to get to that market cap and that’s at least 1, possibly 2 quarters away. The recent rise has been driven by institutions and they aren’t as foolish as retail investors when it comes to paying forward for earnings. Another thing JLP need to prove is that they can do the deals they threaten to do and that they can be unquestionably in shareholders’ interests. Even with the Kabwe financing investors weren’t sure about it and the price sulked for a week before moving up. I want to see a deal where it goes up the morning it’s announced because it involves NO dilution and increases SHORT TERM earnings, i.e. the opposite of Kabwe. Very happy to hold in low 3p’s and wait for the cake to bake but not expecting any more share price appreciation before Q2 or Q3 production data or as we get closer to earnings from Kabwe. Far too many investors on this board with bipolar disorder. I borrowed money to buy more JLP the day after the Kabwe financing deal was announced but it was very expensively funded and as the share price rise showed, the placing was under-priced. I’m not saying they could have done anything else, they were stuck, but let’s not convince ourselves that they know anything about timing or shareholder value maximisation. They maximise total earnings, not earnings per share, in my opinion. Hopefully, the institutions on-board now will change that backward mindset.

[plat hunter] 11/4/2019 07:29

BMN looks a disaster waiting to happen at that price tbh.Fundamentals are miles apart. BMN are a single metal producer of an extremely volatile metal which has since come off 50% inside 3 months. Their production is down, targets missed and delays with promises that are just being ignored.The latter sounds like JLP 3 years ago, i would expect some of that cash to come here in due course.24p looks easy if BMN can hit 500m mcap

[lostabillion] 11/4/2019 07:24

I’m wondering whether we’ll touch the sides of the 4’s or blast through!

We are still a tenth of the price of BMN and in much better shape.

[plat hunter] 11/4/2019 07:20

Hopefully losta... i have 4.2 as the next leg up price target

[lostabillion] 11/4/2019 07:16

Will we surge passed 5p prior or post the quarterlies?!?

Not long to find out.

[plat hunter] 11/4/2019 07:15

Fireball, some brokers will go to the market then but there is really no need to. They are the registered holder of the shares for both transactions.Some providers can B&I without physically going to market, your provider transact won't go to the market for a b&I, give them a call.However in the spirit if the original post, that seems to have got lost in the nonsense of spastic dan. Check first, it doesn't have to cost you.

[lostabillion] 11/4/2019 07:13

I think everyone is agreed that sometimes B&I’s show and sometimes they don’t depending on how the transaction was executed.

Not long to wait for the quarterlies so surely the next leg up will start in earnest.

Happy investing.

[plat hunter] 11/4/2019 07:07

Dan, like i said previously.. There is a cheaper way to execute your bed and isa's.Its simply up to you how you do it. If you want to pay more than that's fine but there is zero need for a b&i to go to market.If your broker is insisting it does go to the market then perhaps look for cheaper alternatives if price is your main concern.tFurthermore Dan, being a keyboard warrior doesn't make the recipient a victim. However the more you keep glossing over valid points to go in circles and miss the main point does make you obtuse.In short you are slow to understand even when the pun is pointed out to you, now grow up.

[danieldanrichardson] 11/4/2019 05:47

Fireball, to back some of this up, my bed and ISA went through at 3.14 and 3.15 I believe. IG promised a spread cap of between 30 and 50 pounds. I think it came to about 32 pounds. They said they'd take the difference by either selling some shares or I could pay the difference to maintain the same number.

[danieldanrichardson] 11/4/2019 05:38

Thanks plathunter. That's persecutor, victim and rescuer all within 24 hours. Dr. Karpman would be proud.

[fireball xl5] 11/4/2019 02:01

Plat, thanks for the help.

Plat, I had the misfortune to receive a reply from Supernumerary regarding the B&ISA. He made a couple of disparaging remarks which I’m hoping you can aid in responding to. Something to get your teeth into:

Furball - sorry, but a bed and isa isn't just a wrapper change - it's a sale and buy, and it does go through the market, which is why the 2 trades eventually show up in the daily trade list. However, since the broker knows the 2 trades are matched, he should charge a lower commission than is usual on a pair of trades, and it should be risk-free, at least as far as share price is concerned.

This explains it clearly: but Googling will find any number of similar explanations.

Probably not a good idea to be giving financial advice from stuff you've just 'cobbled together'.

Plat, the cobbled together was my appraisal of the post I’d put together from posts you had made.

[ssrover] 10/4/2019 21:57

o/t heads up for tomorrows multi bagger. PFP (pathfinder minerals)

PFP (Pathfinder minerals) LATE rns today mostly missed by the market.. £6m cap and funded with directors taking shares at a PREMIUM placing of 2p... HUGE HUGE news giving the green light after 8 years of waiting...
Today's RNS which is a real game changer. Its taken 8 long years and for the first time the light's turned green. The asset is huge with over 1bn and will be doing $323m a year for 30 years!?, and worth over 300m revenue annually and the current market cap (6m) is utterly and grossly disconnected.

ONLY 270 million shares in issue... Even A share price of 10p the mcap would be only £27m. Multi bagging right there.