Jubilee Metals Share Discussion Threads

[choppernoel] 15/7/2019 10:23

Commodities up again and jubilee DOWN.

[undertaker] 15/7/2019 10:07

what does that mean for JLP?

[kryptonsnake] 15/7/2019 10:05

Goldilocks

After all that added shareholder value the share price was 50% down from 2017

So are you really 50% up?


LOLsss

[gsg] 15/7/2019 09:12

Looks like Vedanta have been taking the pi$$. No wonder the Zambian government have had enough of them.



In its affidavit opposing the petition of ZCCM-IH seeking liquidation, KCN has admitted that it has not paid dividends to its shareholders, including the state-owned ZCCM-IH, the Mast reported recently.

While Vedanta blames the taxes imposed by the government for these losses, it nevertheless has registered an increase in operating revenue by more than 50% between 2017 and 2018, Lusaka Times reported.

However, most of the revenue over the last few years has been spent on servicing the debt KCM owes to the UK-based Vedanta Holdings Limited, from which a billion dollars was borrowed. This lender, who is charging a high interest rate, is a subsidiary of the same Vedanta resources which holds more than 79% shares of KCM.

In other words, Vedanta has spent KCM ‘s revenue in repayment – at a high interest rate – of the debt it owes to a subsidiary of itself. At the same time, the workers, the other shareholders including ZCCM-IH and the public coffers to which it owes taxes, have been left with little. This is despite the rising copper prices in the international market.

[goldibucks] 15/7/2019 09:11

They have added shareholder value. First interim profit before tax in H1, Sable purchase and Kabwe financing, PlatCro chrome purchase, Q1 earnings up 57% quarter-on-quarter. The price is up nearly 50% in 6 months because of that added value.

[choppernoel] 15/7/2019 05:58

I will.play a new record when shareholder value is added and is reflected in the share price. If you don't like that you can continue playing your old record.

[plat hunter] 14/7/2019 23:01

Correct, I had previously under estimated sables processing capacity.

[goingforarun] 14/7/2019 20:36

Plat, very confused by your comments. Wasn’t long ago you were saying this was going to rerate large?

[plat hunter] 14/7/2019 18:47

10 bag by 2022 without any significant dilution.Looking at the size of Sable, we need far more material than Kabwe can provide.If you have an average in the ball park of the insti's then you'll do very well, I think anyone with higher averages are going to be lucky to get much back.Got to add here at all placings events.

[goingforarun] 14/7/2019 18:01

Chop, play a new record!

[goingforarun] 14/7/2019 16:35

Losta, not holding my breath on 10 bag. Personally would just like to see some momentum based an the realisation of what’s on here! Happy with 5p+ by Christmas!

[deme1] 14/7/2019 15:31

double digits by December is hard to believe.

10 months to triple the SP

[deme1] 14/7/2019 15:20

10 bag in the next 12- 18 months.

time to sell the daughters kidneys ;)

[lostabillion] 14/7/2019 15:15

GFAR, very true.
Come December the share price should comfortably be in double digits once the penny drops in November.

There’s so much going on what with fine chrome roll out to multiple sites (this in itself is huge), Copper/cobalt, Kabwe, current unknowns etc etc!!!

Very happy to keep topping up all the time we’re at these levels.

IMO JLP will multiply by year end and 10 bag+ within 12/18 months.

The negative posters here need to stop looking backwards and concentrate on the vast potential ahead.

[goingforarun] 14/7/2019 14:49

Losta, problem with this is that the company is undervalued and could be taken over easily if the market doesn’t wake up!

[lostabillion] 14/7/2019 14:32

TBTT on the LSE board.

My thoughts too.

IMO, the share price action here is mostly normal "churn". Volume is not big, and both those who took part in the last placement, and almost anybody who bought heavily in the last year (such as me) is sitting in decent profit.
By and large, I don't think the wider market has fully realised that Kabwe/Sable is indeed happening, that it will start operations quite soon, and that the revenues from it will be huge. I also don't think the market has realised the full potential of the Platcro chrome / PGMs hub (especially when a fine chrome line is added); and indeed the full implications of the fine chrome process for the wider chrome industry.
In short, AIM is just being sleepy old AIM. Hopefully, it will wake up soon.

[scrappycat] 14/7/2019 11:17

deme,

I agree the only one way. An excellent prospect. However, who knows what other pies they have their finger in. By serious, I meant serious as a proportion of income, not in amount.

[scrappycat] 14/7/2019 09:47

There are several projects in the pipeline that will cost serious money to develop their full potential. I do not expect much of an actual cash surplus to show in the November figures. However, I expect earnings to have grown significantly.

[aceshi] 12/7/2019 18:50

My conflicting opinions make me as much a troll as those of you who repetitively ramp this company with nothing but speculation, thumb suck number crunching and tales of "jam tomorrow" There are undoubtedly many takes on the JLP story but the share price performance history continues to offer an undeniable indicator as to the larger market opinion. Like I've said before, happy to eat humble pie if it ever happens. Until then I am merely offering an alternative opinion based on many years of disappointment and underwhelming delivery. This doesn't make me anything but a poster with an alternative view to the mass hysteria. And yes, I am not overly impressed with taxable earnings of 1.5 to 3mil. Chicken feed considering the cash this company has burned getting there. And a far cry from where we should be by now, according to what the rampers have been suggesting over the years

[goldibucks] 12/7/2019 16:11

“How are you going to troll this share then?” When JLP report a profit before tax of £1.5m-£3m in November he’ll say that’s not enough for the market cap while ignoring the “aspirational” Kabwe profits just around the corner and annualisation of PlatCro Chrome, DCM fine chrome, and PlatCro PGMs in FY20.

[lostabillion] 12/7/2019 16:02

Happy to see the share price rise. Equally happy for it to stay right where it is for a few more months before it multiplies.

Still adding to my holding and even happier to be able to do so at these daft levels.

I see the trolls are reasonably active again, always a good sign!

[bookwormrobert] 12/7/2019 15:55

Actually, AcesHi, that's a load of baloney.
The RNS contained several substantial news items - DCM fine chrome circuit now working well; Sable deal approved by Zambian government; Eland PGMs commissioning with timeline for first PGM production, etc.
You'll get your real audited, taxable earnings in November, right on schedule. How are you going to troll this share then?

[aceshi] 12/7/2019 15:44

Here we go again. An RNS that doesn't really update us on anything we didn't already know, or surmise. The usual suspects begin frothing and conjuring up no end of scenarios. Management hint at further pipeline delivery and well, we all know what comes next....... Rinse and repeat. LOL. It's like clockwork. I for one am sick of all the yada, yada BS, show us some real audited, taxable, earnings.