Jubilee Metals Share Discussion Threads

[plat hunter] 14/8/2019 12:16

"Northam is also expected to flesh out plans for free cash that it is generating."

I wonder if one of the worlds largest Palladium and platinum prospect with local good will and a collection network is on the cards?

[goingforarun] 14/8/2019 11:12

Goldibucks, what I can never understand from your continual ranting is, if you think this company is such a basket case, why remain invested? The first rule of investing is leave emotion at the door and invest on logic. From what you continually say you should sell up and move on? You might sleep better at night!

[mutley walters] 14/8/2019 11:04

I can see Colin and Leon raising a glass of champagne and saying we can sleep soundly knowing that no matter how much we waste and lose loyal old chopper will remain invested. Let's raise a glass to our favourite investor Here's to Chopper long may he whine whilst letting us keep his money

[niloc4] 14/8/2019 10:45

That's why Little Leon owns 27810 shares in jubilee platinum. As a shareholder in jubilee for a long time, all Leon and Colin have done is make promises. Shocking leadership. It's almost criminal how people like this get away with burning investors monies. Remember Mr Leon, all the tripe you promise catches up with you.

[plat hunter] 14/8/2019 10:03

Goldi.. How long have been saying prior to colin interview that Kabwe won't produce as much as people are expecting. Kabwe is merely a hedge the real transformational deal is Sable.

If al we was interested in was processing kabwe then we would burn through it in 36 months with Sables capacity... Never going to happen, it's far better to drip feed material so that we can re-balance the portfolio weighting of material in order to maximize price efficiencies.

[goldibucks] 14/8/2019 09:55

“Kabwe will be in production within 7 weeks, what’s not to like unless you’re a troll!“ Production within 7 weeks is likely to mean more losses in 7 weeks. What’s to like about that? It’s understandable that they’re in a rush to produce something at Kabwe. They have trashed DCM, Hernic isn’t making as much money as it should given the increase in PGM prices this year, Windsor PGMs are late and out of their control, and Windsor Chrome was an absolute disaster in Q2, earnings down over £1m compared to Q1. Why wouldn’t they want to get going on Kabwe with that backdrop?

Kabwe is going to take years to fully ramp up, it certainly won’t be turning a material profit in 7 weeks, and at the end of it, after royalties and 40% Zambian tax, it may struggle to make up the £7m a year that they’ll lose when the 85% Hernic profit share kicks in.

As a large private investor you have a responsibility to call them out on their shockingly poor performance instead of continuing to focus on what they might do tomorrow. They have turned the promise of tomorrow into an art form for 17 years while accumulating about £90m of retained losses. They have an embarrassment of shareholder paid for assets on their Balance Sheet and should be making a pile of money by now.

Statutory profit for the year ended 30 June 2019 will be about £1m-£2m, nowhere near enough for the projects that are live, nowhere near enough to support their £52m market cap at mid-price in the medium to long term, and nowhere near enough for a company with such short term current project earning streams.

I still think Jubilee may come good but I’m nowhere near as confident about that as I was. Excellence isn’t a one off event, if Jubilee were going to knock the ball out of the park on Kabwe, they probably would have knocked it out of the park on DCM, Hernic, and Windsor Chrome. And that’s not happening, we have to assume they continue to lose money on DCM until they report otherwise, Hernic is running out of time, everything seems to go wrong for them there, and most worryingly they can’t even maintain Windsor Chrome at the level it was trading at on acquisition 7 months ago, performance at Q2 was about 60% below the previous earnings run rate. Utterly dreadful and completely blanked in their H2 19 announcement, how can a company treat their shareholders like that? It defies belief. They have no contrition for their failings, no humility, no respect for their shareholders, hence why they take liberties with nearly every sentence they write and every comparison they draw.

I’d have a lot more respect for the bulls on this board if just one of them started a sentence with “H2 2019 wasn’t good but...” rather than losing themselves on an acid trip of pre-royalty and pre-tax Kabwe best case scenarios. Hernic hasn’t delivered any value to shareholders, it’s just paid their running costs, when they are left with 15% of Hernic, Kabwe post-royalty and post-tax May just replace it with no retained value, no dividends, and no share buybacks returning any value to shareholders in the coming years.

[niloc4] 14/8/2019 09:46

£25 Million pounds over a couple of years according to Colin Bird that Kabwe will generate. WOW THATS TRANSFORMATIONAL. One leader cant use correct English words while the other can't read and explain Numbers.

[niloc4] 14/8/2019 09:04

Censorship is the winner

[sleveen] 14/8/2019 08:36

Rhodium on a roll that's for sure, even if it is a low proportion of the PGM mix.

[aceshi] 14/8/2019 07:55

LostWho said so, Leon? Lol

[1madmarky] 14/8/2019 07:45

Tjate could actually be worth something! 😁

[gsg] 14/8/2019 07:42

“This market is not done yet for a few years,” said René Hochreiter. “With palladium stocks likely to last another six months, the palladium price [will] rise significantly, and platinum and rhodium will react sharply as 2020 approaches. There is no other substitute,” he said.

[niloc4] 14/8/2019 06:53

With a name like Lostabillion I can understand why you believe jubilee is s great investment.

[lostabillion] 14/8/2019 06:33

Kabwe will be in production within 7 weeks, what’s not to like unless you’re a troll!

[niloc4] 14/8/2019 06:17

Great work Colin and Leon. You have both successfully destroyed the jubilee share price. Hope talks are going well with the big boys. What a disgrace

[goingforarun] 13/8/2019 20:27

For a laugh, £5m and Strawberry!

[bullster] 13/8/2019 19:13

.
.

10 tonnes of copper sulphide concentrate makes 3 tonnes of acid.

.
.

[bullster] 13/8/2019 19:08

.
.

London Metal Exchange are quoting:


$5,725 per tonne of copper

$29,500 per tonne of cobalt

.
.

[plat hunter] 13/8/2019 18:56

That doesn't sound like a lot to me though... In short we get an extra $30,000 for every 265 tonnes of copper, using the latest cobalt price.

I wouldn't call that transformational