Jubilee Metals Share Discussion Threads

[plat hunter] 12/9/2019 07:55

Are you on drugs toobs?

[toobs1] 12/9/2019 07:36

Chrome ore is just piling up at DCM and Windsor,nothing is getting transported. Jubilee is not getting payed for chrome at the moment.
www.metalbulletin.com/Article/3892051/Ores-and-alloys/South-African-truck-driver-strike-could-buoy-Mn-ore-chrome-markets.html

[1madmarky] 12/9/2019 07:26

Goldi
How does DCM losing money - it paid for fine chrome R and D
Windsor Chrome profits falling 80% in Q2 19 - write down of the value of the chrome in the stock pile (still bloody stupid IMHO)
Hernic now in dispute with Samancor and laying off staff - we have a deal wrt tailings in the first instance additional material is a bonus.

You forgot to mention Windsor PGM'S in production but we don't know the tolling charge or the revenue split.

[goldibucks] 12/9/2019 07:14

How does DCM losing money, Windsor Chrome profits falling 80% in Q2 19 and Hernic now in dispute with Samancor and laying off staff tally with the pudding getting sweeter and sweeter?

Extract below from the Hernic end of August business rescue update.

3.5 Despite the measures put in place to keep the Company afloat, the Company continues to experience financial losses.

3.6 The Company has limited cash reserves that continue to deplete on account of the Company’s ongoing operational costs. The Company has also not secured any funding since the commencement of the business rescue proceedings.

3.7 Given the above and coupled with the delay in the closing of the transaction contemplated in the Sale of Business Agreement, the Company therefore has had little alternative but to further scale down its operations. This has in turn, regrettably, led to the Company having to contemplate a large scale retrenchment of employees.

3.8 Accordingly, employees have received a notice in terms of the statutory requirements as set out in section 189(3) read with section 189A of the Labour Relations Act No. 66 of 1995 on 8 August 2019.

[plat hunter] 12/9/2019 01:47

Lol... love how they become more and more desperate as the pudding gets sweeter and sweeter

[nelson01] 11/9/2019 21:10

Lol...krypton is a penniless bitter, sad muppet. The sad thing is he is not even
Going to gain anything from the many thousands of hours he has spent on here...unbelievable really.

[goldibucks] 11/9/2019 20:53

“Current market cap is based on forward cash flow not historic.“

That’s true. The problem is the more earnings (growth) expectations support the current market cap, the less shareholders benefit if it happens and the more they suffer if it doesn’t.

Jubilee have 2 years to replace Hernic and Windsor PGM earnings with equivalent Kabwe earnings. They could make £20m-£25m of project earnings a year from Kabwe but depreciation on multiple circuits, interest, the royalty, and tax could leave shareholders with about 40% of that.

Considering the operational, political, and commodity price risk, I didn’t think it was worth it. If Kabwe fails or falls short, there could be more placings to buy pipeline and growth as we’ve seen in the past.

[plat hunter] 11/9/2019 20:25

Just going to ignore your embarrassing understanding of II's and TR1's then Aces?

[mikebolle1] 11/9/2019 19:55

GSG, I haven't notice but I believe SA traders are bitter and negative in general. According to Bloomberg, "JSE shares are trading at the biggest discount to US stocks in more than a decade... largely due to a market faltering economy and bad earnings prospects for its companies."
It further states on the "cheapness" of SA equities:
"But you won’t buy a cheap house in a bad neighbourhood, right? There is a reason why it is so cheap. In my opinion it is not wise to just buy something just because its trading at bargain levels."
Then the author continues to sell his assistance to build you a portfolio with a big offshore equity component (lol). But I belief he has a point; SA is not investor friendly at this point, and that makes people grumpy. Personally, I belief companies that offer a hedge, with a low risk labour environment, will soon be sought after in the SA. Lets hope that cabal you are referring to, also realize this and want Jubilee's price down so they can grab a few...like kryptonsnake

[sleveen] 11/9/2019 19:33

QED

AceHi distortions

"15 years as a "world leader" in tailings"

more like 4 years in the tailings business

[aceshi] 11/9/2019 19:19

Not bad for 15 years as a "world leader" in tailings processing and a spend of around 100mil, kindly gifted by their ever grateful shareholders LOL

[deme1] 11/9/2019 17:24

Krypton

i think your getting confused with the price JLP is going to pay bmr for its royalty :)

[plat hunter] 11/9/2019 17:20

Yup, dream chasing aim casino punters come from all corners of the world it seems

[goingforarun] 11/9/2019 17:18

Goldibucks, One thing on the November results. I would agree that they will only show a couple of million profit. Current market cap is based on forward cash flow not historic. Be interesting whether all these strikes/risks are shown in any guidance!

[kryptonsnake] 11/9/2019 16:36

It's not looking good for Jubilees South African ventures. They will be sold off for a nominal value of £1 if things get any worse

On top of that there is another placing around the corner and delays at Kabwe

Come back in November and buy sub 2.5p


LOLsss

[goldibucks] 11/9/2019 16:23

If you look back at my sell posts, you’ll see I started selling at 3.1p and sold down to 2.675p on the last few hundred thousand. My average sell price was 2.9p or £54m market cap and I’m relaxed about that. What do you think the bid price would be for your 30m? The way you’re going you’re going to need to change your name to LostAnotherBillion.

[toobs1] 11/9/2019 16:17

Never mind Hernic closure/shut down,there is a nation wide chrome and manganese truck driver strike sins 2 September in South Africa. No delivery no pay,not a single word from Jubilee about this and the bad news about Hernic/Samancor

[goldibucks] 11/9/2019 16:14

“I see Goldi posting negatives day in day out since he sold as a positive!” Must be time for another top up Popeye?! :-)

[lostabillion] 11/9/2019 16:05

Had a few moments to check Goldi’s posts from 19th August.

I don’t blame him for being hacked off, I would be if I sold and the share price immediately moved back up.

Goldibucks - 19 Aug 2019 - 14:05:44 - 13884 of 14463
You just know that when somebody is reporting their "sales" in real time they are not selling at allâ€39;. Yeah yeah. The moon landing was filmed in Hollywood, right? Sold my last 800k. As they say on Dragons Den, I’m out.

Goldibucks - 19 Aug 2019 - 13:50:59 - 13882 of 14463
Sold another 800k between 2.675p-2.75p.

Goldibucks - 19 Aug 2019 - 11:19:30 - 13873 of 14463
Sold 650k at 2.7p-2.72p.

[goldibucks] 11/9/2019 16:04

“You all argued that Hernic and jubilee are making next to no profit”. Jubilee will report £1m-£2m of profit before tax for the year end 30 June 2019 per my estimates. Not much versus the current £54m market cap. However, within that there is £8m of Hernic project earnings for the next couple of years keeping the show on the road. A potential Hernic closure creates uncertainty over that £8m a year. As I said before, I had a diary reminder to track this when I was a JLP shareholder. No articles online about this spat at the moment. You should be grateful to the bears for the heads up. And funny enough, having feared a Hernic closure since late 2017, I’m not about to buy now.

[lostabillion] 11/9/2019 15:48

Mutley, I see Goldi posting negatives day in day out since he sold as a positive!

I think he realised as soon as he sold at circa 2.65-2.70p that he’d dropped an almighty clanger.

He clearly thought the share price was going to drop after he sold but unfortunately the share price started moving against him hence the deramping to get back in.

I did mention I thought he’d made a mistake but each to their own.

From memory I think he said he’d consider buying back at 2p but I’ll let others check his posting history since selling.

[mutley walters] 11/9/2019 15:35

You all argued that Hernic and jubilee are making next to no profit so what difference will it make Goldi you are posting negatively so I assume you are considering buying in again