Jubilee Metals Share Discussion Threads

[aceshi] 05/9/2019 16:30

FozThere you go again. Are "profits" quoted in interims the same as audited, taxable profits? The answer has been proven time and again to be an emphatic, NO. Stop peddling the lie, management have yet to prove any taxable profits and I guarantee that the 302k you are stuck on, will not materialise in all its glory, come late Nov / Dec. That is my point, get it now. How can you debunk anyone's estimated profit figure, when nothing has been proven, to date. You may believe I am being pedantic, but this happens to be my biggest issue with this company, their figures are not transparent and always end up significantly lower than their original claims.

[lostabillion] 05/9/2019 16:25

Not got mine yet!

[deme1] 05/9/2019 16:12

only now getting my rns alert for this morning's rns.

I wonder who else got the alert this late

[plat hunter] 05/9/2019 16:04

Kenny is a moron... he gets filtered by his own kind over on CEY

[freedom97] 05/9/2019 15:54

No interview so far today with Leon on VOX, however, there is a 15min interview with Colin re. XTR news today. Worth listening to, Colin is very enthusiastic about Zambia:

[fozdad] 05/9/2019 14:21

Actually, don't bother trying.

The pair of you are full of worthless bile, so you can join the rest of them.

I suggest Accounts for Dummies for your nighttime reading, although it will probably go way over your combined heads

[fozdad] 05/9/2019 14:16

Aces, you haven't proven anything, you just keep asking the same
Pointless question that has been answered several times. I have never quoted a taxable profit,I was quoting a figure from memory in the interims (the most recent published financial results). I've just been back to check and you're right, the profit isn't half a mill, it's £302k It's there in black and white for all to see.

But my question, which both you and Dalos refuse to address because it would show you up as morons is how can 12,288 ozs of PGMs from Hernic producing a profit of $15 per oz i.e. $184320 combined with losses from DCM and £2.5 million to produce a profit of £302000?

Go on, have a go, I can't wait for a reasoned response. Actually, I can wait which is just as well because it isn't going to happen is it?

I'll tell you what, I'll open the question to anyone, how does that conundrum work?

To summarise, in Dalos and Aces world, Hernic produces profit of under £200k, DCM produces a loss, £2.5 million admin costs but net profit of £302000

Guffaw guffaw guffaw

What a pair of Crossroads Bennies

[kennyp52] 05/9/2019 14:05

RNS will kick start this back to double figure share price .... if Carlsberg did RNS then this is what would happen . Unfortunately its Leon with just words ... audited figures ... keep saying it . No one has any faith it seems in this duo . Could be making a profit for all we know .

[goingforarun] 05/9/2019 13:49

Mdalos, out of curiosity, when Sainsbury’s sell baked beans do they disclose the full cost of supply and profit sharing arrangements in the annual accounts? Thanks

[gsg] 05/9/2019 12:43

Interesting market guidance from Implats.



While platinum pricing continues to struggle, its discount to both palladium and rhodium has continued to spur efforts to reconsider the mix of metals used in gasoline light duty catalysis. As the world focuses on the challenges of decarbonisation, the opportunity presented by fuel cells and a hydrogen economy is gaining growing recognition.

Jewellery remains a key source of platinum demand. Implats continues to work with Platinum Guild International (PGI) on initiatives aimed at reigniting growth in the Chinese market, where several challenges and constrained funding have limited the reach of promotional efforts. The PGI has delivered programmes and initiatives which have resulted in continued growth in demand in India, the US and Japan.

The fundamentals for both palladium and rhodium have strengthened over the past year as the benefit of stronger demand from Europe and accelerated demand from China resulted in a step‐ change in expected global loadings for gasoline light duty vehicles. Northern Hemisphere refining constraints also impacted the release of secondary supply and pricing has remained robust despite headwinds from weak auto sales data in the first half of 2019.

Despite some signs of a supply response, as evidenced by an announced project release in Russia at the beginning of 2019, it is Implats’ view that while palladium supply growth is likely to outstrip that of platinum and rhodium over our forecast horizon, the market is likely to remain in a deep and structural deficit in the medium term.

[deme1] 05/9/2019 12:41

www.proactiveinvestors.co.uk/companies/news/902112/jubilee-metals-windsor-project-reaches-full-operational-status-902112.html


All just quoting off the rns.

Should not be long before we have a Pro Act Inv webcast with leon

[deme1] 05/9/2019 12:40

www.morningstar.co.uk/uk/news/AN_1567682915792068500/jubilee-metals-completes-recovery-plant-at-windsor-pgm-project.aspx

[mikebolle1] 05/9/2019 12:39

Just to let you know I am still here, keeping an eye on things this side of the "pond". JBL is trading on high volumes today, already over a million shares traded. However, share price did not move much...yet

[bullster] 05/9/2019 12:32

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Goldibucks,

The £3m will be left absorbed in the shares.

The profit from that asset could be £30m.

The share price goes up, then you sell at your convenience by which time the £3m becomes insignificant, or gets negative value if the shares get overpriced by exuberant investors.

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[goldibucks] 05/9/2019 12:22

“The £3 million is priced into the share price.” Correct. JLP have to make more than £3m on the tailings to add anything to the market cap or P&L pro rata as they process.

[plat hunter] 05/9/2019 12:22

Cheers G... No rush just pondering whilst we wait

[gsg] 05/9/2019 12:09

PH, I'll look back through my AGM notes when I get a mo.

[bullster] 05/9/2019 12:03

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Placings and buybacks are unacceptable bedfellows.

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[bullster] 05/9/2019 11:52

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How much placings value has been absorbed from Kabwe/Sable ?

Yet the expansion of shares issued has not dropped the share price.

We've been at 3p for ages, the dilution has not effected the share price so the company is growing in value.

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[1madmarky] 05/9/2019 11:49

Very interesting question, I intend to ask in December if i can get there

[plat hunter] 05/9/2019 11:42

Can anyone who attended the AGM remember what was said about possible buy backs, are they to be cancelled or held in treasury?

[fozdad] 05/9/2019 11:40

There will be an annual profit recorded against the P&L. The whole project would need to clear the three million. I thought you were suggesting that we wouldn't record any profit until we had cleared the full cost.

I don't have access to Shatd's note at the mo andmu memory isn't as good as it was, so can't comment. Did they provide details of how they achieved their valuation?

[bullster] 05/9/2019 11:40

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The £3 million Platcro dump.

This is the advantage of paying for profit producing assets by placings.

You don't have to "pay it back before you make a profit".

The cost of the asset is contained in the expanded share volume (dilution).

The £3 million is priced into the share price.


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[goldibucks] 05/9/2019 11:39

Questions to the bulls. How can you rely on third party ore processing agreements at Hernic after the 85% share kicks in when none have been announced? JLP announced a third party ore agreement at DCM, started processing, and then stopped due to technical issues with feed compatibility. How do you know it will even be commercially viable to transport in third party ore? JLP are losing money at DCM with on site tailings.