Jubilee Metals Share Discussion Threads

[scrappycat] 31/7/2019 11:25

niloc;

To actually keep JLP in play, was a significant achievement by itself. Our turn is about to come. If you dislike the management, why hold?

[niloc4] 31/7/2019 10:43

frogkid is a strong boy with words.

[frogkid] 31/7/2019 10:38

Niloc . I dont think they bother reading posts by cuuunts like you so why not just fuuuck off.

[niloc4] 31/7/2019 10:36

To Leon and Colin. Great job u 2 have done in destroying the jubilee share price. You have both added NOTHING to the share price in the last 15 years. U are both a disgrace.

[plat hunter] 31/7/2019 07:19

BMN was funded in a very similar way

[gsg] 31/7/2019 07:16

The way Sylvania communicate and present their results, JLP can only dream of.

[boris cobaka] 31/7/2019 01:00

Look like sells to me that have been worked for quite some time. THe good news is that they may well now have finally finish3d offloading. IT would also explain the recent weakness when the sector has by and large been doing quite well.
A TR1 will hopefully appear fairly soon or maybe it’s just a pi holding within the notifiable limits.

[scrappycat] 31/7/2019 00:24

rescuer,

Think what you will. Perhaps you are right, but I know what I think, and I know that it is in the price. I am not a beginner in this game.

[charlieeee] 30/7/2019 22:48

Sleveen

The first line of my post clearly said that the price is FIXED ie 2.81p ie NOT death spiral finance and that you CAN calculate the maximum potential dilution.

I also said "potential dilution" as it is not absolutely guaranteed that all the loan will be converted (JLP option to prepay).

I cannot see the relevance of shorting in this situation and did not mention it. The way they recoup as much of their money as quickly as possible is if the price rises above 2.81 and they forward sell at a profit: no need for any monkey business: if the share price doubles then they get all their money back whilst still charging 12%.

[kennyp52] 30/7/2019 21:07

786 huh ... down to 653.60. Good buy Prat . How many you got here ... need to get lucky now with no CEY and FRES going down the tube . You never know .. this penny share gamble could come good .. I’ve got a few quids worth .

[goingforarun] 30/7/2019 19:53

Hopefully something is announced about the level of trading soon?

[scrappycat] 30/7/2019 19:36

A huge number of shares showing as traded today, posted after hours (C18,000,000). Looks like I was right about additional II buying at c3p. Just my opinion, of course. Check the trades.

[plat hunter] 30/7/2019 19:31

Kenny, your obsession with me is blinding you.. I didn't buy at all today and never said or posted anything to the contrary.. I bought back the other day at 786 if you want to dissect that

[sleveen] 30/7/2019 19:27

charlieee

you describe a death spiral jobbie, which this isn't as the convertible price is 2.81p and not 90% of the 10 day VWAP as in a death spiral.

Let's say the share price reach 4p , a short could be undertaken and the converted shares sold and when the share price has fallen the position closed.

Of course no point in selling converted shares below 2.81p, unlike death spirals.

[sleveen] 30/7/2019 19:18

If so would JLP have to pay the difference if the shares are trading higher than 2.81p ?

Bullster

No, that's the incentive to convert... a nice profit if the shares were to be sold if/when JLP are motoring.

IMHO.

[charlieeee] 30/7/2019 18:13

Bullster

JLP are just issuing their own "paper" and so (if they go for shares) that price is fixed and so you can calculate the maximum potential dilution.

As with all of these outfits, it is likely that they will forward sell the shares in the market and recoup much of their investment as quickly as possible: in reduces their risk and increases the return (it becomes return on capital already repaid).

The plus is that the shares are washed through the market over time and so there should not be a major dump in the future.

The financing was painful,but finally, a decent long term asset that could underpin JLP going forward.

[bullster] 30/7/2019 16:59

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Plat Hunter, very shrewd in giving me the link......lol.

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[plat hunter] 30/7/2019 16:57

Bore off Kenny.. I've been in fres all day you goon. Pay more attention, you just look silly

[plat hunter] 30/7/2019 16:51

Bullster... This says it better than I can.https://www.seedinvest.com/blog/startup-investing/how-convertible-notes-work?gclid=CjwKCAjw1f_pBRAEEiwApp0JKH4dS3WbNh9rRFS3-LNjDkYo2zpeK6o0MqKzSKGB-JHt_Do0eFT6pxoCN9sQAvD_BwE

[rescuer] 30/7/2019 16:39

plsd you didn;t get too hurt Plat -

got a couple i'm watching with huge interest at the moment - (no position), both are binary bets as they stand - BUT...

Carclo - a basket case as it stands, but if they can offload Wipac (which brought the company down), the remainder of the company looks fundamentally sound - could be an amazing recovery play.

Regal Petroleum - massive issues in Ukraine - re their licences - if the licences are upheld then could easily double, if not will fall another 50% -

worth keeping an eye on both - I'm on the side at the moment -

no advice intended and as they are both basically binary bets as they stand - pls DYOR.

gla

r

[bullster] 30/7/2019 16:28

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The details of the KABWE/SABLE loan could do with some scrutiny from my fellow learned contributors on this bulletin board.
Am i correct in saying that by converting the secured loan of £6.11 Million @ 12% interest, into a unsecured loan @ 5%, the balance of the loan may be taken by ACAM in shares at a price of 2.81p per share ?
If so would JLP have to pay the difference if the shares are trading higher than 2.81p ?

I don't know what others think of these over complicated agreements that JLP put together, i always wonder if they are done to throw shareholders off the scent.
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At any time that the loan is outstanding, ACAM may at its absolute discretion, by conversion notice, elect to convert the loan and all accrued but unpaid interest into 5 per cent unsecured convertible loan notes with a conversion price of 2.81 pence (ZAR 53.98 cents) ("Subscription Price") and a maturity date which falls on the third anniversary of the Closing Date.

During the loan period, Jubilee may notify ACAM of its intention to prepay the whole of the loan balance by prepayment notice. On the date of any prepayment Jubilee will issue warrants to ACAM to a value equal to 50 per cent of the amount of the loan and all accrued but unpaid interest thereon divided by the Subscription Price.

Jubilee and ACAM have agreed to work together, without obligation from either party, to explore funding solutions for future expansion projects outside of South Africa as opportunities arise.

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