Jubilee Metals Share Discussion Threads

[goldibucks] 02/7/2019 12:22

“Let's see come November if those audited financials for 18/19 are really all that.“ They won’t be “all that” but they will show progress half-year on half-year due to PlatCro Chrome vetted added into the mix. H1 FY20 will show more progress with PlatCro PGMs. The layering on of new earnings will drive share price growth.

[bullster] 02/7/2019 11:44

.
.

Upon scrutinizing the evidence, i have come to the conclusion that Northam are processing a mix of Northam and Platcro material.

The capacity at Eland is 125ktpm, so why run it below 50% solely with Platcro's 60ktpm material.

My question was:-

Now that processing of Eland mine tailings has commenced, could you tell me if it is Jubilee Metals or Northam or a mix of material. Any other information on schedules and quantities etc. would be appreciated.


could you tell me if it is Jubilee Metals material ? Yes it is.
could you tell me if it is Northam material ? Yes it is.
mix of both materials ? Yes it is.

The reply covered all, so must be the last, it's a mix. imo.

Time will tell.

.
.

[aceshi] 02/7/2019 11:29

Being a world leader, interims and forever "going to" give zero value to shareholders, unless converted into audited profits. Conroast was going to light the fire 10 years ago. How much value did that create for investors who bought into the hype? Let's see come November if those audited financials for 18/19 are really all that. Smoke and mirrors for the benefit of the endless waves of new cannon fodder. For any sane investor, this remains an outside chance, at best. It is undeniable that JLPs management team have fallen short on delivery of their grand sales pitches, time and again. share price performance hints at the realities.

[goldibucks] 02/7/2019 11:05

“lol, deluded fool“. Well I’m a deluded fool who’s £44k up on JLP and that’s going much much higher, into the hundreds of thousands, because I can look at things objectively and analytically, without being weighed down by the past or controlled by fear, fashion or impatience.

Nothing is certain but the odds are heavily in favour of JLP’s numbers continuing to improve due to the layering on of new earning streams when running costs are already covered.

[mutley walters] 02/7/2019 10:36

I think there are two reasons firstly a regular poster here is clearly mentally ill Secondly others who invested previously and made significant losses are very bitter about past losses

[ajs31] 02/7/2019 10:12

You hit the nail on the head Bookworm. I cant understand why they spend so much time with idiotic nonsensical negative comments.

[bookwormrobert] 02/7/2019 10:08

Serious question: why does this board attract so many idiots?
Jubilee is a world leader in its field, it recorded its first profit in the interims, it is growing its revenues and earnings quickly, and there will be a lot more growth to come. IMO, it's as good a growth share as you can find, with a truly excellent CEO.
Yet this board has a chorus of clowns who just repeat the same nonsense over and over...

[dmitribollokov] 02/7/2019 09:52

lol, deluded fool. It's not about failing - he hasn't failed he's lives a great life off all your money! Wake up and smell the coffee.

[bullster] 02/7/2019 09:33

.
.

Don't know if you've had this link before, for The BMR Shareholder Alliance (BMR Watch).




.
.

[goldibucks] 02/7/2019 09:29

You post this run down of Colin’s track record and directorships every couple of months. I don’t know if you’ve noticed but Colin doesn’t run JLP. He’s the deal guy. Without him, we wouldn’t have BMR and that’s potentially game changing. The combination of Colin and Leon could be a perfect one. You have the serial entrepreneur and the technician. Unfortunately, entrepreneurs in this sector fail frequently.

[dmitribollokov] 02/7/2019 09:06

For all of the potential new investors that might get suckered into this dog consider the following...

Colin Bird basically had a success 10 years ago with a copper mine that he sold for $260m to First Quantum called 'Kiwara'. He has used that as the basis to waste a similar amount of money in various different vehicles, whilst drawing huge fees and salaries. At JLP they used to claim to not receieve any cash salary, meanwhile had a vehicle called Katlego that they owned which received $'000s of 'consultancy fees' (Bird, Coetzer and another director), you used to be able to google search it and it had a website - all of companies were listed as 'clients' were CBs. Once it was pointed on the bulletin board and people became aware of it, all trace of it disappeared from the internet. Absolute bunch of sharks. There is always a fresh batch of bright-eyed baby seal investors for them to club unfortunately. I reckon half the people on the JLP bulletin board work for the company...

Current Colin Bird related companies (not exhaustive) either board member or chairman...

Bezant Resources
Tiger Resource
BMR Group
Lithium Chile
JLP (lol)
New Age Metals
Revelo Resources Corp
Xtract Resources
Polar Star Mining
African Pioneer
MIT Ventures
Bushman Resources
Lion Mining Finance
Lion Capital
Gallileo Resources
Glenover Phosphate

Have a look through the annual reports of these companies, look at what they are valued at and look at what the directors take out in salaries/fees to affiliated companies.

AVOID !

[dmitribollokov] 02/7/2019 09:04

For people that want to see imminently means in non-jlp land take a look at ARCM.

Guess you guys are still waiting for CBs ‘imminent̵7; news on your white elephant platinum mine? Good news is we will have some more sludge for you to sift through in zambia at some point.

[choppernoel] 02/7/2019 08:56

Mr Leon, how much longer must SHAREHOLDERS Waite before YOU give us news about PLATRCO PGMS?

[goldibucks] 02/7/2019 08:54

I think the angle is JLP probably want to tidy up their shareholding in BMR and possibly the royalty with a cancellation and cash payment. BMR need the certainty of the cash coming in to get their accounts signed off without a qualification and/or pay for an acquisition. JLP need sign off from the Zambian government on Kabwe before they can do the above.

[1madmarky] 02/7/2019 07:15

Leon will definitely want the 11% .

As for processing our PlatCro PGM tailings, I would have thought by now we have some level of production. Probably unprofitable but ramping up relatively (hernic) rapidly.

[aceshi] 02/7/2019 06:55

Cynical at best

[choppernoel] 02/7/2019 05:58

Leon it's Q3 2019 at present. You do understand "financials periods"? Q2 2019 has FINISHED. YOU told shareholders that PLATCRO PGMS WILL COMMENCE Q2 2019. What Happened Sir?

[choppernoel] 02/7/2019 05:51

"The reply is ambiguous". That man must be related to Leon then. Cousins maybe?

[adejuk] 02/7/2019 05:44

the reply is ambiguous

[bullster] 01/7/2019 23:17

.
.

I can only surmise that, they are deciding whether the threshold of the royalty payment change is in the past , and belongs in the accounts.

Namely the royalty clause that says that once Jubilees spending commitment on Kabwe reaches $16 million, BMR's royalty drops from 12.5% to 11%.

Leon could be arguing that the later Sable acquisition is part of the Kabwe committed project spending, for instance.

.
.

[plat hunter] 01/7/2019 22:25

Lol bullster.. thats the kind of email that tips me over the edge for the day.

[plat hunter] 01/7/2019 22:23

Odd statement...The accounts are a record of the past, not the present or the future. It shouldn't be holding them back in my view.

[gsg] 01/7/2019 22:16

Update from BMR on twitter. Wonder what this is about?

"BMR has its accounts and circular in final form but BMR awaits confirmation on certain key items from Jubilee Metals before BMR can complete, hence the delay and so BMR changed the financial reporting date to allow for more time to report"

[bullster] 01/7/2019 21:21

.
.

My email response from Northam.


I am surprised to get a reply so soon , and at 20.42 and with minimal wording.
I can't make my mind up whether my question has been answered or it's been answered in such a way as not to blame him of divulging information.


reply : Yes it is.

.
.

[choppernoel] 01/7/2019 17:56

Well done Leon for missing yet another timeline set for jubilee shareholders. You must be a very dim person to not see how this affects the share price. Hoping for news shortly/in due course/imminently