Jubilee Metals Share Discussion Threads

[aceshi] 19/8/2019 17:43

NelsonEver thought he may not be small time, like yourself. Freedom Return of the blind and perversely loyal, doing what they do best, clutching at ever dwindling straws. PS How's that multi bagger of yours from 12 months ago looking. "Cant understand those selling at current levels" No brainer really, within a short while they'll be a able to buy back lower. That's if they remain suckers for punishment. We told you this was going to happen. Its always the same with JLP. The pattern has become so glaringly obvious. Instead we are called trolls and morons because our opinions don't fit the narrative. This company remains a pathetic reflection on potential and what could have been. The outcome remains constant, no matter the spin of the day.

[kryptonsnake] 19/8/2019 17:37

Is Goldilocks solely responsible for the drop from 3.2 to 2.7?

If 5 million shares being sold can cause that kind of damage, what if an institution started selling shares?

Who caused the drop from £1 to 2p? Was it niloc and noel?


LOLsss

[kryptonsnake] 19/8/2019 17:33

"Who the hell tells somebody to “run along”?!"

Somebody that's old and decrepit


LOLsss

[goldibucks] 19/8/2019 17:27

“now run along”. Who the hell tells somebody to “run along”?! You made me laugh out loud. Straight out of a black and white film. Absolutely brilliant! :-)

[sleveen] 19/8/2019 17:17

Hernic made losses in its first quarter of ops. Making $8m in annual earnings and perhaps a bit more in the current year. WP should do the same/similar.

Goldi ATB.

[deme1] 19/8/2019 17:11

Plat, next time your at the caravan park can you let them know that goldi is no longer a JLP member!

No VIP club for him. Full price from now on Goldi, and no early bird deals for you.

[freedom97] 19/8/2019 16:59

adejuk, Goldibucks has sold 5m since share price was at 3.2 on 6th Aug that's why share price is now 2.775p

[nelson01] 19/8/2019 16:38

Glad you are out now run along andTake you deramping else where.You must be pretty stupid to put thatKind of money into a company with those problems.

[adejuk] 19/8/2019 16:34

does anyone know wtf is going on?

[the bull] 19/8/2019 16:33

good to see a reasoned post even if negative, makes you question and that is good

[goldibucks] 19/8/2019 16:29

“funny how Goldi has been talking about his trades after the event. then when someone calls him out, he has miraculously finished selling all his shares.” Me saying I’m buying or selling has no impact on the price. If it did I wouldn’t be saying I’ve sold 650k, 800k etc when I still have stock I might sell. I was selling what I could at or around 2.7p, happens to represent a £50m market cap. In my mind the old “base” market cap was in the low 30 millions and then in March they raised £18m for Kabwe so I’m looking at £50m as a revised base price. Each time the bid slipped to 2.65p, I held off selling but the offer went up to 2.9p twice allowing me to continue selling around 2.7p. At that price, I’m indifferent to selling the lot or keeping a few million so I have no axe to grind. This is not a stock to trade in and out of. The spread is wide and without a volume spike you’re lucky if you can sell a couple of 200k blocks before your account says it’s negotiated trades only.

If you went back over my posts you’d see my buys went up to 5m and down to zero today and it all ties in. In for £116k and out for £143k, £27k profit. Was £16k down on JLP historically so £11k up net. Absolutely rubbish considering the risk I took. What doesn’t kill you makes you stronger.

Do you want to know what JLP taught me? Invest in a company that makes enough money to pay tax, pay a dividend, and fund growth from what’s left over. JLP doesn’t pay tax, doesn’t pay a dividend and funds growth with debt and equity. It’s earnings streams are severely time limited, profits can disappear into thin air, if you are lucky it will make enough money to pay its way without a handout for a few years, and for what? Let’s say it does make £10m-£20m a year on Kabwe after the inevitable dragged out ramp up which further drains resources. Take off the capex, take off the 11% BMR royalty, take off the 40% Zambian tax, take off the ongoing operating costs that Kabwe will need to fund after 85% of Hernic profits get shared, take off the losses on other projects like DCM and maybe Windsor Chrome now if low chrome concentrate prices persist, take off the money it will spend on other wild goose chases to find another project that works, take off the bonuses and share options it will dish out when it finally makes any money, how much will an investor ever really get back? It’s just a trip to the casino, a roll of the dice on whether commodity prices go in its favour, and how lucky you get buying in between placings and project ramp ups and write offs and earnings tail-offs. Commodity prices, placings, and project successes and failures are unpredictable. JLP sell platinum and chrome concentrates but what they really sell is hope. As many jaded investors have pointed out before the only people guaranteed to benefit from the dance is Colin and Leon.

So strap yourself in for the next webcast, the next trading update, the next project announcement, the next dollop of hope, but don’t forget the £90m of retained losses in JLP’s Balance Sheet and who funded it.

[plat hunter] 19/8/2019 16:22

No it isn't Wooster. Not every headline is the same story. I've never held WRES and never will and therefore never been in the position to sell... I'm merely there to watch Krypton lose all his money again.

Do yourself a favour and do some reading for a change.

[wooster4] 19/8/2019 16:19

plat - that's a bit rich coming from you with your obsession with posting on the wres board.

[plat hunter] 19/8/2019 16:08

I don't understand why you would keep posting about your sales and then confirming you are eventually out.

Why would you deramp when you need a price?

[samthestaffy] 19/8/2019 16:00

Placing Coming ,Let's see if we can get 2 billion shares In issue.As we say lols, muppets!.

[bullster] 19/8/2019 15:45

.
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Jubilee Metals GROUP is the entity that encompeses all of our subsiduaries such as jlp Madagascar holdings, Breamore holdings,JLP admin, JLP tailings holdings and so on and so on.

JLPs tailings is a part of the GROUP as a whole, containing operations that generate almost all of GROUPs earnings.

Jubilee Metals GROUP put out their end of year results showing a slight profit.
Jubilee Tailings lets say for easy reckoning made earnings of £7m and Jubilee Metals GROUP cost £6.9m to run, the GROUP profit is £0.1m.

If Jubilee Tailings would have made a profit of £6.8m then Jubilee Metals GROUP would have made a loss.

Now that that has been said, for the ones that keep on saying how come we are told we are making money yet the results show a loss.


Keep in mind the £6.9m running cost of the GROUP, this will barely change as the earnings of the projects have costs included for the purpose of this demonstration.

Previous simulated figures:
HERNIC +£8m DCM -£1m GROUP -£6.9m RESULT +£0.1m

Next simulated figures:
HERNIC +£10m DCM +£1.5m WIN.CH +£2 GROUP -£6.9m RESULT +£6.4m

Following year simulated figures:
HERNIC +£12m DCM +£1.5m WIN.CH +£4.5m WIN.PGM +£9m KABWE +£3m GROUP -£6.9m RESULT +£23.1m

I've not used accurate figures, but you get the picture.

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[deme1] 19/8/2019 15:26

At-least the metals look like they are improving.

[goingforarun] 19/8/2019 15:18

As long as this is strongly accretive it shouldn’t matter?

[deme1] 19/8/2019 15:16

I think Goldi is lying.

I believe the reason for the drop is there will be a placing shortly to fund a copper tailings buyout for sable.

[nelson01] 19/8/2019 15:11

Can't understand why anyone would sell out just before we are about to announce Windsor pgm doubling platinum production

[deme1] 19/8/2019 15:04

funny how Goldi has been talking about his trades after the event. then when someone calls him out, he has miraculously finished selling all his shares.

[cernunnus] 19/8/2019 14:47

Thanks for keeping us informed Goldi. Lets see where we go from here.