Jubilee Metals Share Discussion Threads

[sharenotes] 20/8/2019 12:50

Plus four can be the cruellest handicap of all. Paradoxically, I can understand why he may seek refuge on the terraces but, like you say, this is straying way off topic.

Nice to see gold making a move – let’s hope it drags the other precious metals with it. Notwithstanding, all bets may be off when Wall Street kicks in. Interesting times.

[niloc4] 20/8/2019 11:48

The Earnings is transformational as per Leon. SO IS THE SHARE PRICE.

[gsg] 20/8/2019 11:31

Similar analogy. My son was a 1.1 rated tennis player at 17 competing on the UK mens tour and with a good national ranking. Had a team of four which cost about £250k. Just starting to compete internationally, when he met up with a girl he was at school with. Chucked the lot for the bird. Disappeared, and I now believe works in Sainsburys.

C'est la vie.

[mark of the rushes] 20/8/2019 11:21

I like the golf analogy sharenotes. My club has a few promising juniors who all have similar ambitions. I sponsored a lad off plus4 but when he renewed his season ticket at Elland Road the writing was on the wall as far as I was concerned. That time on the terraces should have been spent on his short game. Sorry for OT.

[plat hunter] 20/8/2019 07:27

Platcro sold because it wasn't commercially viable anymore and was approaching the end of it's project life.

JLP didn't buy platcro for the chrome. So making a case of a failed business plan on the basis of chrome price and production out of Windsor seems a little naive in my view.

[sharenotes] 20/8/2019 07:20

But you made it to the weekend (made the cut). Like JLP, now the game is really on. It sounds like you have the mindset of protecting your score. That’s fine, but JLP need to pursue a different strategy. Much higher risk, but the club house is filled with score protectors and they all have one thing in common. I will let you work out what that is but, deep down, I think you know already.

[niloc4] 20/8/2019 06:32

Mr haven't got the balls to buy jubilee shares.

[niloc4] 20/8/2019 06:30

That sounds like Mr Big Investor man Leon Coetzer. Mr in talks with the big boys. Mr Positive Earnings. Mr Con

[goldibucks] 20/8/2019 02:03

I had project earnings of £27,000 but if I price in management time and interest, I actually lost money. Sound familiar?! :-)

[sharenotes] 19/8/2019 23:49

Well done Goldi; you have banked a gain. Let it be – you don’t need to justify your actions. Some of us think the JLP playbook has more to run, but we could be wrong. In my early years of building a business, I had to play the game with so called business advisors. Most had never run a business but, nonetheless, they had the appropriate business qualifications that would convince most of society they knew what they were talking about. If I took their advice, I would still be working. It’s a bit like playing a round with a scratch golfer. Most golfers think the scratch golfer is exceptional. Sadly he/she is not and often ends up on a building site, flipping burgers or endlessly tapping golf balls up and down with a wedge in a pro shop. That’s the reality. Most accountancy firms work on the same principle but at least the social standing is better and the pay reasonable. I don't know whether you are equivalent to a +5 golfer or you have just had a good round (made a gain). I have a suspicion but, either way, good fortune to you.

[plat hunter] 19/8/2019 20:38

Fair play to you Goldi all the best mucka...

He who dares, this time next year Rodney

[niloc4] 19/8/2019 19:01

Plat Hunter is known at the caravan park for swallowing black holes. He also offers his brown hole at the caravan park for all takers.

[goldibucks] 19/8/2019 19:01

“Blaming other people for their own mistakes”. I blame myself 100% on JLP. I thought I understood it but didn’t.

[goldibucks] 19/8/2019 18:52

“Will you be back in at 2p for a trade?“

Never say never but I didn’t sell with a view to buying back.

“JLP has a disruptive business model and should do very well indeed.”

That’s a red rag to a bear Losta. Why do you think JLP have a disruptive business model?

You’d say a business model was disruptive if it did something better than everybody else or did the same as everybody else but cheaper. JLP does neither. If JLP had valuable IP, I would expect it to license it or sell it as a service over and over again and I don’t see that happening.

Jubilee talk about fine chrome being an industry first but if it’s so transformational why haven’t they licensed it or entered into joint ventures to exploit it for profit share? Chrome miners seem more than capable of managing recovery efficiency in-house.



JLP claim to have an industry leading low cost of production at Hernic but are they building in the cost of the PGM tailings, the depreciation on the processing plant, the financing costs to buy the processing plant, and the project management costs?

When they have to buy tailings and plant as they did with Windsor Chrome, and factor in just the cost of the tailings, you see how fragile their business model can be. With an accommodating commodity price, all is well, they’re talking about USD 5.5m of profits a year and then upping that to USD 7m, then the price of chrome concentrate falls and their Q2 earnings fall 80%. Not such a clever business model and certainly not disruptive in my view.

There are certain buzzwords that investors use to sleep better at night and convince others they know what they are doing and disruptive is right at the top of that list. Was reading the patter for the Woodford Patient Capital Trust this afternoon and they pride themselves on identifying companies with disruptive IP. Currently, the trust is trading at a near 50% discount to their gross asset value.

[kryptonsnake] 19/8/2019 18:22

Plat Hunter - 06 Aug 2019 - 11:44:31 - 13380 of 13921

Nah.. All looks aggregated to me someone's still adding at 3p..

Chart is showing a strong base again similarly to the set up at 2.06.. Longer the base, higher in space.


_____________________________________

If this is in space it's being swallowed by a black hole


LOLsss

[plat hunter] 19/8/2019 18:18

He doesn't post on any other boards and he doesn't even hold here.

He sounds like someone who lost all their money at the AIM casino. Obsession over drive.. Blaming other people for their own mistakes is a symptom of an adjustment disorder.

[freedom97] 19/8/2019 18:02

LOL's AcesHi, "We told you this was going to happen." Then why haven't you sold ALL your shares? If you have, then why are you wasting your time posting here, I see you never post on any other share BB's, have you nothing better to do in your life?

[aceshi] 19/8/2019 18:00

Come now Lost, you were saying precisely the same thing this time last year, with a fairly similar share price level. The same story is getting boring, we need more substance than the stars are aligning.

[aceshi] 19/8/2019 17:55

Goldi Thanks for your regular constructive debate. Sanity amongst the madness. Our only hope is that your sell off causes JLP to defy reality GL

[lostabillion] 19/8/2019 17:51

In my opinion you’ve made a very big mistake in selling Goldi.

Good luck with moving on to your new investment.

JLP has a disruptive business model and should do very well indeed.

Nearer December the touch paper will light up the share price imo.

[aceshi] 19/8/2019 17:49

Believe me, they will get to 2mil shares. But no worries, Sable is coming and we are all going to be rich......... because Leon said so LOL

[kryptonsnake] 19/8/2019 17:45

Goldilocks,

Well done for making a profit out of this dog

Will you be back in at 2p for a trade? If not where to next?


LOLsss