Jubilee Metals Share Discussion Threads

[alwaysevolving] 23/5/2019 09:00

You don’t need share certificates to attend an AGM Apal2.

[alpal2] 23/5/2019 08:50

Plat: Not sure you're right about how easy it is to attend an AGM. An activist is trying to call an EGM in Polo Resources so I asked IG Index [who hold my shares] how to go about this. IG want £100 for the certificate that will allow me attend the meeting.

[plat hunter] 22/5/2019 21:10

To be honest Tim, its much much easier than you'd think.Any shareholder can attend an AGM and the UK Smaller Companies Act protects the statutory rights of minor shareholders against discrimination and as such i suspect JLP would treat any such request of adding reasonable resolutions to an AGM with courtesy and respect.

[plat hunter] 22/5/2019 20:34

Why is Aces still pretending he holds here, didn't he apparently sell most of his fantasy holdings just before a 50% increase in the SP?

[timhigginson] 22/5/2019 20:06

A LOGICAL SOLUTION TO THE PROBLEM OF SMALL SHAREHOLDER REPRESENTATION WOULD BE FOR THOSE OF US WHOSE INVESTMENT ARE THROUGH SAY hARGREAVES OR ig (ME)WOULD BE TO ASK THE THOSE FIRMS TO ISSUE TO US A LIMITED LIST OF WISHES EG WOULD YOU LIKE QUARTERLY REPORTING, WOULD YOU LIKE THE APPOINTMENT OF AN FD ETC AND WOULD WE LIKE THESE ISSUES TO BE PUT BEFORE AN AGM AND HOW WOULD WE VOTE.

[goingforarun] 22/5/2019 19:59

Mdalos, excuse me for pointing out the obvious, November is 18 months from now?

[frogkid] 22/5/2019 19:06

You must have 10% by now Losta

[gsg] 22/5/2019 17:01

Well found robers. I've been looking all day to find that article

[robers98] 22/5/2019 16:56

Jubilee Metals recent fund raise and quarterly update further de-risks RiverFort Global Opportunities plc’s senior secured debt investment

The investment was principally part of a secured non-convertible financing facility arranged by Jubilee in connection with its acquisition of certain chrome processing operations

RiverFort Global Opportunities PLC (LON:RGO) revealed on 5 February 2019 that it had made around a £1.2mln investment in Jubilee Metals Group PLC (LON:JLP), which represents the company’s largest investment to date.

The investment was principally part of the secured non-convertible financing facility arranged by Jubilee in connection with its acquisition of certain chrome processing operations announced on 10 December 2018.

On 21 March 2019, Jubilee announced that it had raised £17.2mln from a combination of debt and equity to acquire the Sable Zinc Refinery in Zambia and to provide working capital for the company’s operations.

Since that March equity placing on, Jubilee’s share price has increased by around 50%, demonstrating the market’s support for the company’s recent investments and operational performance.

Jubilee announced its first quarter results on 9 May 2019 which showed operational earnings of £3.2mln for the period, representing a substantial 57% increase in group operational earnings compared to the fourth quarter of 2018.

In particular, Jubilee’s chrome processing operations - which RiverFort Global’s investment was involved in funding - are already contributing positively to group earnings and performing ahead of projections.

Moreover, the company said it believes that the first quarter does not fully reflect the potential of these operations, with the second quarter expected to be a better guide to its potential.

Jubilee added that the chrome processing assets acquired in December 2018 were currently generating £4.3mln of earnings, and for the first two months of 2019, those assets have already generated earnings of £0.9mln.

Consequently, RiverFort Global’s investment, which formed part of the debt raised to fund these operations of around US$6mln (£4.6mln), is significantly covered by current and expected earnings of the underlying assets.

[bookwormrobert] 22/5/2019 16:35

No, Aceshi, Mdalos's ignorance of accounting basics is quite spectacular.
Only the past is "proven". The stock market is about "predicting" what will happen in the future, so it is always speculative - to a certain extent.
Extrapolating current figures and projecting them into the future is the only way I know of understanding the fundamentals of a share. If you have a better way, good luck to you!
I do realise Jubilee's projects often come in a little late and their ramp up takes more time than we'd like, and I allow for this in my own calculations. I also allow for G&A to increase as the company grows. Even with those adjustments, (short of a collapse in metals prices), Jubilee will grow its profits dramatically over the next 18 months.

[kryptonsnake] 22/5/2019 16:29

Liar LOLsss

He tops up 50k shares at a time and expects us to believe he's now got £30k ready for a top up?

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Lostabillion22 May '19 - 15:54 - 12004 of 12004
0 1 0
Just got another £30k together for another reasonable top up.

[aceshi] 22/5/2019 16:28

Hope you don't spend it all on one punt, I see buying opportunities ahead.

[aceshi] 22/5/2019 16:23

Goldi and Bookworm Thanks for the precise explanation. However, I don't believe that the issue is a lack of understanding of accounting but rather questioning the difference between proven and speculative figures. The point MD and some other holders, including myself, are making, is that the extrapolation or projection of figures from reports and RSNs, is not fact, but more a case of insightful speculation. Sure, it is one of the useful tools, at our disposal, for researching potential investments, but in the case of JLP, its been proven to be deceptive and highly inaccurate, at times. Additionally a critical factor that never gets estimated correctly, is the length of time these projects take to finally become, "cash in the bank" profitable. The same is true for share price predictions. Just ask Bullster for a perusal of his list, I think from around Nov 18.

[lostabillion] 22/5/2019 15:54

Just got another £30k together for another reasonable top up.

[choppernoel] 22/5/2019 14:59

I hope all those new investors are not going to get fleeced of there monies. With Leon that's just rinse and repeat. That's why he only owns 27600 shares.

[choppernoel] 22/5/2019 14:36

Leons work means nothing to the market it seems. After 15 years of hanging carrots to the market, the market shows Leon who it doesn't trust.....LEON

[bullster] 22/5/2019 14:32

.
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"I don't see the point in buying it then....."


Look closer.

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[choppernoel] 22/5/2019 14:31

If this carries on, 2.9p by Friday. Keep up the shareholder value Leon.

[plat hunter] 22/5/2019 14:24

I don't see the point in buying it then....."BMR will still receive a royalty, even if Jubilee buys all the shares of Enviro Mining Limited ("EML"), a subsidiary of BMR.If BMR are still in business, that is."

[robers98] 22/5/2019 13:52

Bmr twitter page from last month indicated a general meeting to be held shortly. Also they had previously been in contact with members of bmr watch to share future plans.

[bookwormrobert] 22/5/2019 13:49

Hi KryptonSnake!
I'm not sure I believe that rumour. But if it were true, I'd think it wasn't such a bad deal for JLP.