Jubilee Metals Share Discussion Threads

[deme1] 23/7/2019 08:19

XTR smashing it again.

One day we may experience such excitement ;)

[1madmarky] 23/7/2019 06:13

On tax and the Kabwe project. We just bought the sable plant, does that come with any losses that we can use?

[timhigginson] 22/7/2019 22:51

Goldibucks is correct. Without Kabwe and the additional Platcro the share price would probably be 5p now. The reson is that the cureent cashflow would be very positive and JLP could show that Platcro could come on and be very accretive. What has happened is that existing shareholders have lost about 30% of their then value for earnings (Kabwe) which are not yet visible and won't be for sometime yet. We cannot know what JLP could have got into if it was not involved with Kabwe. All we can hope for is that no other deals get proposed involving share issues until the share price recovers to a level of say 6p being justified by proven earnings and cashflow.Shard told us that no further shares were planned to be issued and Leon told us that share buybacks would be done in the last quarter of the year. Lets hope both these statements turn out to be true.Meanwhile the market seems to have a very reserved view of JLP and its progress.The tax issue in Z has not yet been properly defined so if the tax rate turned out to be 40% the project might not be as profitable as expected. Lets see the results for yr to 30.06.19 whereafter the year to 30.0620 should be fairly easy to project At that point the FCL should dictate the level of Capex with which to take on the next project. The chrome earnings and DCM PGMs should be coming solidly into view shortly.

[plat hunter] 22/7/2019 22:10

You're a sad man when all you have is typo's.Excellent standard of banter Kenny, well done you sophisticated son of a gun.

[kennyp52] 22/7/2019 20:44

Plat ... quote “a moron then i suggest you filter me and definatly don't address me with moot points“ ... i should be I ; definatly is spelt definitely ... and as for baking cakes ... pmsl.

[gsg] 22/7/2019 19:08

MM, it proves L2 works sometimes. Agree with eblitz. Waiting on JLP is going to drive us all nuts. lol

[1madmarky] 22/7/2019 18:35

GSG - your background action now reported

[plat hunter] 22/7/2019 17:53

It's a little like baking a cake. anyone can mix ingredients in a bowl and stick it in the oven, doesn't make everyone Mary Berry though

[eblitz1] 22/7/2019 17:21

Hi Bookwormrobert
I went to the last AGM where IP was discussed regarding the fine chrome unit.
There isn't really any IP,there is know how which will take over 2 years to
research and get right. I think that it is a good avenue to go down but I am really
not sure how much leverage they can get in the industry when Chrome prices are what they are. I do agree that the test bed time would be 6 months and I also accept that
I am talking as a layman because if it didn't have such a big plus point to the industry why do it.

This bloody share will send us all mad at the end of the day because we live in hope and we speculate without knowledge

I just hope they get bought out for 10-15p so we can all open a bottle
Good luck all

[gsg] 22/7/2019 15:09

Maybe something going on in the background. All sells yet two mm's gone blue today.

3 v 1

[deme1] 22/7/2019 14:47

XTR has been on a nice little run.
Our time soon

[frogkid] 22/7/2019 14:38

i do share your sentiment to a point Aces, we are none of us immortal and we do need to see some ROI at some point. That said, I would love to see JLP diversify into non-African continent areas.

[bookwormrobert] 22/7/2019 14:27

I'm puzzled by some of the points made here recently.
As regards the value (or not) of the fine chrome IP, you would not expect any "buyers" for the technology to show firm interest until Jubilee can demonstrate actual results from a working plant (i.e. DCM). Jubilee probably passed that point only a month ago. Allowing for the usual 6-9 months for negotiations of this kind, we'll find out or not if the fine chrome IP is worth something in either Q4 2019 or Q1 2020.
On first glance, the advertised ability to extract nearly twice as much chrome concentrate from the same amount of chromite ore would seem to revolutionize the chrome industry. But we don't know the actual figures and profitability of the process yet. And, crucially, we don't know how easy the technology is to imitate (i.e. how deep is the IP "moat" around it.) Time will tell on that.
At the least, I'd expect the fine chrome IP to be rolled out soon to both Hernic and Platcro, and to add to earnings there. At best, it could open all kinds of doors for Jubilee.
p.s. I do agree that there is nothing special or new about the process at Sable. There's no IP value there. But it's still a superb deal for Jubilee.

[scrappycat] 22/7/2019 13:51

Aces,


AS you wish. We will see who is right when the accounts are published. They are in my ISA, so no hurry. It seems from the recent investment(s) by IIs, that they do not share your view. No disrespect to you intended, but I trust their analysis more than yours.

[eblitz1] 22/7/2019 13:38

Plat
You just can't hack it if your not correct.
you remind be of a playground bully !!

[goldibucks] 22/7/2019 13:32

“Costs are not recoverable from a 3rd party.” Correct. Had Hernic been shut down by Mitsubishi 2 years ago, JLP might not have been able to continue processing and would have nowhere to go to recover their costs. Meanwhile the loans would have been in their name.

[plat hunter] 22/7/2019 13:28

Shut up Eblitz

[goldibucks] 22/7/2019 13:27

“if you feel like this then move on?” As I said previously, I’m holding because I want to benefit from the annualisation of PlatCro Chrome earnings and the conversion of PlatCro PGMs and Kabwe into earnings. I think they are good for 4p-5p in the next 6-12 months without a huge amount of downside risk. Beyond that who knows.

[eblitz1] 22/7/2019 12:45

Plat
Costs are not recoverable from a 3rd party.
The deal is that once costs are retrieved then the 3rd party will get a
percentage of the profits from the Platinum. So JM borrowed the monies at a high price because that is the only deal they could get, then they stated that there would be 20%
added to those costs before the deal would kick in. We don't know if they charged their own time in the costs as well and we also don't know what new deal they arranged last year when the damn burst. So a 3rd party did not pay for the set up they just get monies when it is all paid back.

[sharenotes] 22/7/2019 12:27

Whilst ‘the world is their oyster’ may be over-egging it somewhat, I concur with the sentiment.

[sharenotes] 22/7/2019 12:05

Goldi, when in survival mode a company may enter into some 5hity business simply to avoid the morgue. Such a tactic for most hastens the inevitable, but whether through luck, judgement or damn tenaciousness, JLP has kept some skin in the game. I have been critical of management in trousering far too much whilst in survival mode but, this is AIM after all. People are attracted to this market for the prospect of making money. This is true on both sides of the fence, whether as a director or as a punter (investor would be too flattering of a term to use). Given the current projects (and the potential), I think JLP is still worth a punt.