Jubilee Metals Share Discussion Threads

[goingforarun] 10/5/2019 13:27

Deme, been hearing that for a while. Would just like to see some evidence. Almost forgetting how to spell “Patience̶1;!

[deme1] 10/5/2019 13:23

someone is absorbing all these sells.
let's hope it's another II.

12 months and we will all be at the bagging party ;)

[gsg] 10/5/2019 12:56

With a proper CFO on the board, Leon would not need to be fannying about with quarterlies. The detail in the quarterlies would all be taken care of and Leon could get on with what he does best. For a company with 250 employees and mid cap ambitions this whole quarterlies saga feels really micky mouse.

[plat hunter] 10/5/2019 11:56

Yes Sleeven...

If we're right then we only have to wait until July for the next update which should by all accounts be a whopper.

[sleveen] 10/5/2019 11:39

Bullster

In the Q1 RNS April's hernic production is stated at over 2000oz.

Why not provide the actual figure?

More like Hernic 2030 oz for April IMHO not 2300oz.


"The Hernic PGM operation maintained a strong performance despite the power outages suffered during February and the delay in reaching full operational levels following the festive period which affected the supply of feed material during January 2019. The operations have returned to full operational levels producing in excess of 2 000 PGM ounces for April 2019."


Note "returned to full operational levels"

[plat hunter] 10/5/2019 11:23

Kenny go away...

It's clear that you only hear what you want to hear and blatantly hold on to your losses. It doesn't however mean that everyone else does. You have since admitted that you would even consider stop losses yourself going forward since I posted that. Again further demonstration of your true yet childish narrative for being here.

By all means, join in here either with a view on a long or bear, it's doesn't bother me at all. But to be here because you're losing money after I said you would then that says more about you I'm afraid.

You're not the first to stalk me because you're losing money and you won't be the last. So any idea of originality you have I'm afraid is a falsehood. You're simply not bright enough to carry it off here, you lack the basic acumen of independent thought and analysis

[bullster] 10/5/2019 11:12

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The PGM targets are 2,500 ounces at Hernic and 2,800 at Platcro, per month.

If only at 2,300 and 2,000 ounces and the basket goes up $300 per ounce.

We get 4,300 x £210 = £903,000 per month extra earnings.

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[bullster] 10/5/2019 10:48

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sharenotes,

Splendiferous !

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[sharenotes] 10/5/2019 10:42

Bullster

For every denotation of a word there are many connotations – if ‘received̵7; is not really ‘recognised217; then cash they truly have.

[sharenotes] 10/5/2019 10:33

Kenny

If you are looking for dividends then AIM is not the ideal market space for you – but I think you know that, surely? It is useful to have income and crystallised capital gains/losses – the tax treatment is different. JLP fits the bill for the latter.

[goingforarun] 10/5/2019 10:28

Kenny, check out the FANG stocks? Many haven’t paid a dividend? Seems to have done alright for investors?

[bullster] 10/5/2019 10:16

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We only took over Platcro chrome in January, yet we got a RNS on 20th March saying earnings for Jan and Feb was £0.9m.

That's a quick payout, no delays there.

Does anyone think they give us earnings received without actually getting the cash ?
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[dafrog] 10/5/2019 10:14

We will be getting quarterlies or maybe more frequent updates.

"...the Board has, in consultation with a number of major shareholders, concluded that it will in future present a more detailed consolidated operational and financial review on a six monthly period while continuing with a more frequent project update."

[plat hunter] 10/5/2019 09:58

4.4p would have been nice GFA...

Doubt that will come now until we get more TR1's or the what is now, the 6 monthly.

I have a feeling that the Q's yesterday was a special one off and they had already decided that they would be 6 monthly going forward. However they probably felt obliged to issue something because of all the uproar on the BB's about the Q's.

Mid July should see more activity but as i said yesterday this has 3.00-3.10 all over it until the news is released.. Interesting trade if you have the stack to make it worth your while.

The spread and the possibility of news any minute is the biggest risk to traders with a long view of the companies prospects though.

[plat hunter] 10/5/2019 09:57

Would have been GFA...

Doubt that will come now until we get more TR1's or the what is now, the 6 monthly.

I have a feeling that the Q's yesterday was a special one off and they had already decided that they would be 6 monthly going forward. However they probably felt obliged to issue something because of all the uproar on the BB's about the Q's.

Mid July should see more activity but as i said yesterday this has 3.00-3.10 all over it until the news is released.. Interesting trade if you have the stack to make it worth your while.

The spread and the possibility of news any minute is the biggest risk to traders with a long view of the companies prospects though.

[1madmarky] 10/5/2019 09:56

Plat- I'm with you on q2 numbers £4m to £4.5m . Note the stuff we produce in May from PlatCro PGMs will give us cash in July. So for q2, PlatCro PGMs will probably be a cost, assuming I've understood the agreement correctly (absolutely no guarantee of that! :-) ).

[kennyp52] 10/5/2019 09:54

Fundamentally it does need to provide a return it is the bedrock of investing . So unless and until it does everything is just speculative investment . I am not saying they must declare a dividend if it impedes investment but at some stage an investor needs a return . It’s all about profit and cash flow all said and done .

[plat hunter] 10/5/2019 09:52

Ahh I see what Kenny's doing..

He lumped in on CEY at 136 and it's now at 90p...He has a bee in his bonnet because I've called it out for 70p

Go and check out the CEY threads.

Ironically.. If he had purchased JLP instead of CEY at 136 when he did,.. he'd be 40% up by now. However that's not too bad because CEY have paid a dividend of 2.1% during it's correction from £1.40 to 90p.

Now that's how you invest for dividends lol

[bullster] 10/5/2019 09:50

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Platcro chrome earnings was £900k for Jan and Feb. RNS'd

Jan must have been worse than Feb because of the transition and xmas holidays.

So Feb must have beat the average of £450k

Let's say Jan £430k, Feb £470k

3 X £470k = £1.41m per Quarter.

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[eblitz1] 10/5/2019 09:50

Hi Kenny
I assume that you are quite new to this board, the will not be any dividends paid from JM at all in the future as they have already stated that they will be doing share buys backs once they can. This I think will be better as there are far too many shares in issue which is common place with AIM stocks. There is also as Plat has stated a small sum of about 30000 ounces of platinum slurry that is just sitting at DCM that needs to be upgraded and then refined this has enormous value which I don't think are in the figures or in the p/l. It is very frustrating that the share price is not higher but it is also interesting that Leon in his Video at the show said that there were 3 projects that will be on line in the next 4 months that no one has spoken about, There is also a case to say that after Cannacord built a stake of 6% some one else seems to be because all the sells that have taken place over the last week or so have been hoovered up and the share price has not been dealt a big blow. Very very frustrating but again patience is needed. When like all of us people are greedy it overrides the patience
Good luck all

[goingforarun] 10/5/2019 09:47

Kenny, a company doesn’t need to deliver a dividend? It just needs to show it is increasing it’s worth? This is where the mistrust is? Proof of cash generation removes the placings risk as the company becomes self sustaining?

[frogkid] 10/5/2019 09:40

Never been any mention of paying a dividend. Share buybacks first but it will all get taken out before that anyway...