Jubilee Metals Share Discussion Threads

[plat hunter] 25/4/2019 20:39

"I couldn't help but notice that I am considerably richer than youuu"

Stan & Pat Herbert

[goingforarun] 25/4/2019 20:19

Bloody hope so!

[goldibucks] 25/4/2019 19:52

"Does anyone wish they'd bought SLP at the start of the year instead of Jubilee?" 18p to 32p? Not really, you would have been just as well off spread betting on platinum and palladium prices. SLP is just a x 2 play on the PGM basket price. Share price performance over the last 5 years has been less than stellar considering it's producing and profitable. PGMs produced were virtually unmoved from the previous half year in their interims, up from 33,892 to just 34,045 so the bottom line improvement is all down to the PGM basket price increasing from $1,057 to $1,201 and the fact that most of that washes down to the bottom line. The bottom line could be whacked just as much the other way if the basket price fell 20%.

Sylvania is a solid small to medium size PGM play, the Balance Sheet looks sound, and it looks to be well managed, but companies that pay dividends and buy back shares are not going to deliver exponential growth. JLP is a different type of company. It's smaller, just turned its first profit, going through a turnaround, and primed for much faster growth. Plus it's more diversified than SLP across metals so the bottom line isn't going to be as sensitive to the price of PGMs in the medium to long term.

Do you wish you'd have bought anything other than BMR? Had you not had your funds locked up in BMR you could have bought JLP, SLP, and any other PGM play that took your fancy and made money. I'm up 25% on JLP and there's plenty more to come, starting with the Q1 production data and it's implications for Q2, whereas you've flat-lined due to your funds being locked up. Meanwhile you sold your indirectly held JLP shares at the bottom to pay Borelli's salary while he scouts for a kebab van in a pub car park.

And yes, I'm sure you've tucked a couple of grand away in other stocks to lift your spirits while you bite your nails over BMR but everybody here knows that if BMR was a smaller part of your overall pot you'd have spent far less time on this board than you have. You're sore and you're going to get a lot sorer! ;-)

[choppernoel] 25/4/2019 18:16

Within 2 years, jubilee share price will pass slp.

[kryptonsnake] 25/4/2019 18:01

Does anyone wish they'd bought SLP at the start of the year instead of Jubilee?

LOLsss

[kryptonsnake] 25/4/2019 17:59

adejuk should try reading the vitriol that comes from Splat Hunter. That vile creature deserves everything it gets

LOLsss

[choppernoel] 25/4/2019 17:37

I believe jade from the uk also enjoys hanging on the end of a rooster. Best of luck to you jade from the uk.

[plat hunter] 25/4/2019 15:49

Cheers Adeuk

I wouldn't say I'm a good trader, i feel have been very lucky. Being contrarian seems to have served me well.

I bought banks in 2008 and sold in 2012 and have been dabbling in resource stocks since 2015.

no one likes the person hoovering up after you've lost a skinful.

[adejuk] 25/4/2019 15:31

these comments re plat are infantile and schoolyard
unbecoming from adults especially on an investment platform
not to mention homophobic and hate speech
he may be a trader and a good one - who knows?
but we're here for the same reason
i think peeps should step back

[choppernoel] 25/4/2019 15:14

Leon! Wake up! FFS. I hope we are not waiting imminently for these results

[frogkid] 25/4/2019 12:48

cheers Bill, same here.

[billthebank] 25/4/2019 11:06

Fair enough.Not really bothered 're short term fluctuations The medium term picture here is looking very strong indeed.Good luck

[frogkid] 25/4/2019 11:00

Billthebank25 Apr '19 - 09:43 - 11072 of 11075

you misunderstood, i was referring to the hope on here that share price will rise with quarteries. hopefully it will but i dont think so, i agree that the market cap is low but that is because of geography, politics, lack of trust and limited knowledge by the general market.

[plat hunter] 25/4/2019 10:38

6 months operating covers all outstanding debt too, Investors are the only ones to make here, no corporate big wigs and death spiral finance to pick the meat off the bones first

[plat hunter] 25/4/2019 10:33

NAV was 72 million before kabwe financing Boris. Yes that included jam tomorrow Tjate but still.

If JLP closed today and liquidised the assets, anyone with an average under 5p would make on it.

[boris cobaka] 25/4/2019 10:26

Valuation 50mil?

What did they just pay for the kabwe plant and how much for the stock pile of tailings?
The former there would be some depreciation but the tailings may actually appreciate on an improvement in the metal prices.
If 50mil then jlp is near enough priced on it's assets only?

[billthebank] 25/4/2019 09:43

I dont actually think anything is in the price.This share is just quite simply not really on anyone's radar.As shareholder you might think it is but really do you really think that a valuation of £50M for this company is correct considering what is about to take place here? Way under valued IMO!

[fozdad] 25/4/2019 09:24

The main interest in the quarterlies for me is the effect of Fine Chrome at DCM in March when the plant was running at or close to full tilt

[goingforarun] 25/4/2019 09:16

Totally agree unless March itself was very good and gives an indication of what’s to come. Next movement should really be News of Northam processing?

[frogkid] 25/4/2019 09:12

i reckon the quarterlies are built into this price

[billthebank] 25/4/2019 09:12

I guess it is a little disappointing 're delay in quarterlies but the it isn't this quarter that I am interested in.For me it is November's quarterlies that will give us!all a better picture.I can wait though Still expecting great things here and a 5 bagger in the next year and a lot more to come after that.This is a KEEPER!!!!

[boris cobaka] 25/4/2019 08:28

volume tailed off considerably.
Did wonder if the recent pullback was engineered to a degree to shakeout the proverbial. It has certainly dampened any uber-bullishness.

If the results are indeed 'stonking' then any sell on news should be mitigated.

[robers98] 24/4/2019 23:24

1MM, exactly finding people that are on the same page as Leon will be the issue. But I thought Dr Kirby was brought in to use his knowledge and the project had to be of size.
If we end up in south America and Australia as well I suppose it will depend on who is calling the shots on the tailings, jlp or the partner.
Nearly in May, hopefully Northam have sorted out the plant and we have a further revenue stream online. The plan is certainly starting to come together. Imo

[1madmarky] 24/4/2019 22:43

Robers- they could always split it up based on commodity... someone chase chrome opportunities, someone plat, someone copper etc etc. That person being responsible for taking the project from initial sample analysis to a fully working plant. Leon could therefore do the bits he enjoys most and just oversee the other projects without the day to day nause of it all. It would make sense, clear lines of responsibility. Might even get quarterlies out consistently...
Although it means finding people he can trust to do a proper job , that could be an issue (had experience on another share).