Jubilee Metals Share Discussion Threads

[bullster] 07/8/2019 15:07

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Good news for GOLD thus other pm's.

My sources tell me that the CABAL usually put out lots of paper gold contracts to thwart a price rise, following a FED rate cut.

This hasn't happened this time and news is that the CABAL has run out of ammunition, a steady rise could be on the way.

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[kryptonsnake] 07/8/2019 15:04

2.75 placing imminent

Why buy at 3p when you can buy below that


LOLsss

[petebarnes1] 07/8/2019 14:49

Good for him i am here , say no more

[1madmarky] 07/8/2019 14:35

Bullster- yep definitely new info. Some good, some bad and some just confusing!

[deme1] 07/8/2019 14:30

3p placing imminent

[plat hunter] 07/8/2019 14:23

Not bad when DCM takes on all that nice extra 3rd party material

[rescuer] 07/8/2019 13:59

thought I'd not see this price again, tried to get some on a SB via IG - no can do, close only :-(((

oh well, happy with what Ive got -

[the bull] 07/8/2019 13:22

Afternoon Barnesy, have you bought back in, could be the best timing I have ever seen. And there was me thinking you had bottled it and run for the hills after saying this would never drop from 7p, Losta has taken up most of the slack shares

[robers98] 07/8/2019 13:08

Some updates on the website.

[petebarnes1] 07/8/2019 12:53

afternoon all

[plat hunter] 07/8/2019 12:40

"Please, "great share to trade" what utter rubbish. If JLP suited ones criteria of a tradable share, you may as well conclude that almost any share is great for trading, as long as you get your timing right. "

Well yeah

[plat hunter] 07/8/2019 11:42

That's very true also... Exciting, even if frustrating times

[bullster] 07/8/2019 11:38

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The key to making real earnings is to own the feed material in the first place. Hernic is a case in point, where we will fall to just a 15% share.

That's why Kabwe will be worth 5+ more Windsor PGM's, because we own 87.5% of the feed to start with. If only JLP could get hold of more of it's own tailings or better still a shallow open pit mine. Kashutu would do nicely.

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[plat hunter] 07/8/2019 11:16

Bullster..

"BMR receive 5% royalty at Kabwe the moment there are earnings to be had. It's not clear yet whether the royalty will change from 12.5% to 11% upon JLP recouping certain sums above investment, it depends on investment going above $16M."

The word earnings is the strongest hint for me, and Hernic being the best example. Earnings is profit after costs, which are ultimately the build running costs, contracting etc etc.. All services that JLP will be paid for as a cost to the project. We're in black before a ball's even been kicked.

JLP could essentially run KABWE material on a NET basis to cover the costs whilst milking other materials such as copper etc etc etc.

What Krytpon hasn't understood is that JLP have the ability at to pick and choose which metals they will process for their own benefit and the benefit of the ministry (higher metals price sales means more tax revenue) and at a relative flick of a switch.

For me this puts JLP in the position to react quickly to prices, extend the life of material and maximize profits.

[bullster] 07/8/2019 11:04

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August is an inflection point because it is the start of JLP doubling it's earnings thanks to Windsor PGM's.
Once you add on Windsor Fine Chrome combined with a consistently higher basket price and lack of one off costs , look to earnings being double that of H1/19.

Glencore/Extrata ran the PGM floatation plant when Eland was in production and now that Northam have had it fired back up for the last months with their own material, the plant has had enough historic production to have it optimized in double quick time.

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[plat hunter] 07/8/2019 10:39

Nice one, Cheers G

[gsg] 07/8/2019 10:32

PH. It was the Zambian mining minister replying in parliament to an MP's question re copper tax revenues.

[plat hunter] 07/8/2019 10:23

Hopefully Freedom, you never know you're luck on a dark night.

I never really understood what that meant as I was growing up, until I pulled an absolute worldy one night and yes it was dark lol

[freedom97] 07/8/2019 10:18

The number of views for the Proactive interview with Leon has gone up to 791 since when Plat posted 154 yesterday.

Hopefully, we will get some new investors onboard.

[plat hunter] 07/8/2019 10:00

GSG..

"edit : In including the copper line at Sable, Jubilee should be scoring some serious goodwill with the Zambian government, as their copper tax revenue must be taking a hit."

I actually read something the other day quoted from the ministry about lost tax receipts because of Mopani and & Konkola and that they fully expect most of it to be mitigated by using other sites for processing the material.

The source of the article escapes me however.

[plat hunter] 07/8/2019 09:54

Glencore RNS is out but looks ike they've wellched on updating investors on the plan for Mopani until Decemeber now.

"However, our African copper business did not meet expected operational performance. We have moved to address the challenges at Katanga and Mopani with several management changes as well as overseeing a detailed operational review, targeting multiple improvements to achieve consistent, cost-efficient production at design capacity. Our teams have identified a credible roadmap towards delivering on the significant cashflow generation potential of these assets, at targeted steady state production levels. At Mutanda, we are planning to transition the operation to temporary care and maintenance by year end, reflecting its reduced economic viability in the current market environment, primarily in response to low cobalt prices. We continue to progress studies on the sulphide project, having the potential to extend operations for many years, and anticipate being able to provide an update at our Investor Day in December."

[plat hunter] 07/8/2019 09:49

Krypton, you need to check the trades over a rolling 5 day period and reconcile them manually as they're all off book.

You don't however strike me as someone who undertakes rational research before they punt, comment or makes assumptions.. So I'll just continue to correct your foolish remarks whenever they present themselves.