Jubilee Metals Share Discussion Threads

[bookwormrobert] 05/9/2019 09:03

Highly misleading and factually incorrect nonsense, Goldibucks. Not least, as you well know, Windsor PGMs is now an open-ended project, and not limited to the original tailings purchase.
You've sold, so go away now. Your behaviour here is becoming despicable.

[goldibucks] 05/9/2019 08:55

70k tonnes processed in August and 1.45m tonnes of tailings. 60k targeted in September. Earnings will last 24 months so 23 months left. Before Jubilee make any money in their P&L from Windsor PGMs they have to cover the £3m cost of the tailings sitting in the Balance Sheet, the capitalised transportation costs, the Northam toll processing cost and the Northam profit share.

Assuming Shard were right about a £9m NPV for Windsor PGM and that that includes the tailings and transport costs are about 10% of the tailings purchase price they will make about £237,500 a month profit or £2.85m a year. Then scale that up by the PGM basket price increase since March 2019.

Nice additional earnings for 2 years and underlines why they won’t need to do placings in the short to medium term but this is 2 years of earnings, let’s say it’s worth £6.5m.

Then let’s say they have 2 years of Hernic left at £8m so that’s £16m. Add them and deduct 2 years of runnings costs of £4m a year and that’s £14.5m. That’s a nautical mile short of their £55m market cap so they are completely reliant on Kabwe to support the other £40m of their market cap if you acknowledge they made nothing from chrome in Q2 19 and that situation may continue.

That’s why I sold and I haven’t changed my view. Too much of their market cap is being supported by Kabwe. If Kabwe stutters the share price would be shot to pieces.

[deme1] 05/9/2019 08:49

www.directorstalkinterviews.com/jubilee-metals-holdings-plc-windsor-pgm-project-fully-operational/412792107

[1madmarky] 05/9/2019 08:44

Foz - yes a significant improvement on hernic at start-up. Leon did say it would be a quick ramp up.

[deme1] 05/9/2019 08:42

RNS priced in or has the 8am release caught many off guard

[plat hunter] 05/9/2019 08:19

Must be slow over on WRES

[fozdad] 05/9/2019 08:19

Not a bad first month when you consider a comparison against early Hernic results and the full circuit only came on line in mid August.

[kryptonsnake] 05/9/2019 08:16

1 rns and people are calling 7p already. You don't even know how profitable this project is LOLsss


There are some posters who use multiple accounts to ramp this company. Platts is one of them. There are more on lse


Wait for the placing and November results to see how well they are actually doing


LOLsss

[adejuk] 05/9/2019 08:11

bloody good news
it's extraordinary that we are still under 7p.

[kennyp52] 05/9/2019 08:07

RNS out ? Where ? With the washing 🤣

[nelson01] 05/9/2019 07:47

Did made a loos work as chief accountant at BMR by any chance?

[niloc4] 05/9/2019 07:19

No he still.is FD and CEO and OPS DIRECTOR and everything else Director

[1madmarky] 05/9/2019 07:13

He used to, no longer CEO

[niloc4] 05/9/2019 06:56

Still no news on Windsor pgms. Great work Leon. Wasn't this meant to have started? Oh! It has?

[kryptonsnake] 05/9/2019 06:52

"It's a good job colin is not in charge then."

You're right Marky. Colin only makes all the deals for Jubilee. Good job he's not in charge


LOLsss

[niloc4] 05/9/2019 06:51

Not according to our FD Mr Leon Coetzer.

[kryptonsnake] 05/9/2019 06:49

I posted a long time ago that Jubilees projects were sub par at best. Looks like I've been proven right

They will be reliant on sable and Kabwe to make a decent profit now. How long until they make a profit at Kabwe? Could be a couple of years


LOLsss

[niloc4] 05/9/2019 06:44

Normally when someone always tells people how big his rooster is, he actually has a tiny little tip. Tiny Lostatrillion

[lostabillion] 05/9/2019 06:33

Just totted up my holding 22225310 shares in Jubes.

That’s nearly quarter of a million £ per penny rise.

Roll on the rerate :-)

Aiming for 25M so a fair bit to go yet.

Keep the trolling up for a wee bit longer please :-)))

[niloc4] 05/9/2019 06:09

They are both the same. Honest people work with honest people. Dishonest peoole work with dishonest people. Honest people don't work with dishonest people. Am I making sense.

[1madmarky] 05/9/2019 05:20

It's a good job colin is not in charge then.