Jubilee Metals Share Discussion Threads

[goingforarun] 05/11/2019 08:57

Isn’t the real benefit of this deal that we are now going to recover the Fine Chrome, which we wouldn’t have been historically, which multiplies the earn. Assuming we have only paid on the existing recovery profile we should get back multiples more?

[deme1] 05/11/2019 08:51

So JLP now have

DCM - fine chrome (with pgms building up)
Hernic - Plat and chrome
Kabwe - acid and copper (to be followed by lead, zinc and vanadium)
Windsor - Plat and Chrome
Tjate - unmined plat resource (surely coming into play soon with plat and pal prices firming up)

Where will we be at the end of 2020!
how many more projects can we organically buy into!

[scrappycat] 05/11/2019 08:48

I suspect it will be debt funded. With their apparent income about to rise steeply, it seems, there should be no problem. No need for a placing if such is the case.

[deme1] 05/11/2019 08:47

Well yes and that is what Leon alluded to in the last interview.

we were paying the operational costs to remove the chrome only having to hand the chrome over to Hernic. Now we get all of the chrome revenue with NO extra operational costs.

[1madmarky] 05/11/2019 08:42

So we now sell the chrome which is essentially free as the PGMs have paid for it... gota be good

[gsg] 05/11/2019 08:41

The key bit.

"The total consideration for all the chrome contained in the historical tailings is approximately US$16.39 million (at current conversion rates), which will be majority funded from Jubilee's existing cash and operating cash flows, together with project funding as necessary."

[danieldanrichardson] 05/11/2019 08:40

Where will the minority of the funding come from?

[deme1] 05/11/2019 08:33

we are turning into a beast

[deme1] 05/11/2019 08:32

there it is

RNS

acquisition of Hernic chrome

[boris cobaka] 05/11/2019 08:22

Slow and steady at the mo with a healthy dose of profit-taking along the way. Keeps it simmering away. The 'spike' will come when sellers decide to have a breather and traders have sold expecting a regulation pullback to buy in cheaper than they sold. Jlp has been the gift that keeps on giving on that front but it will change at some point, probably on rns release. Timing key if you want the 'blow-off'....

[freedom97] 05/11/2019 07:50

Any price sensitive RNS's would I think have to be issued from 8am, as JSE market is already open at 7am, due to UK clocks going back an hour.

[deme1] 04/11/2019 21:53

could have been a worked sell, hence dropping all day after the initial lift.
time will tell

[lostabillion] 04/11/2019 19:21

Another assault on 5p tomorrow after that large buy after hours.

[goingforarun] 04/11/2019 17:09

Good to see the volume keeping up! More chance to breach 5p with more awareness!

[deme1] 04/11/2019 16:09

i am surprised we are looking like finishing flat.
Then again smashing 5p on the first attempt was never gonna happen.

Gla

[lostabillion] 04/11/2019 15:54

Good that Zak is also predicting 10p in the near future.

As soon as 5p breaks which it will then we’re on for 7p by end of week and north of 10p prior to 31st Dec imo.

[alwaysevolving] 04/11/2019 14:30

Thanks for posting. Try this one Deme1

[deme1] 04/11/2019 14:26

hxxps://www.share-talk.com/share-talk-bulletin-board-heroes-monday-4th-november-2019/

5 mins in

10p possible in the next few months

[plat hunter] 04/11/2019 14:19

Spread getting tighter...another 15-20% jump inbound imo

[niloc4] 04/11/2019 13:41

Based on the past I wouldn't believe one word from the fat man's mouth.

[deme1] 04/11/2019 13:00

Going forward

Yes Leon will update via RNS.

I reckon it will be prior to Colin speaking on Thursday.

1. to give Colin something to talk about
2. Colin will slip up anyway, so even if there is no rns Colin will let slip. Leon lows this hence there will defo be an rns before hand.

[goingforarun] 04/11/2019 12:57

Maybe I misread what he was saying? I thought Leon was providing an update(thought RNS)and Colin was doing the roadshow!

[deme1] 04/11/2019 10:13

So

Colin is speaking on Thursday.
Leon has said there will be an update this week on Windsor.

Who knows maybe Losta's 7p prediction is possible.

Big profits, chrome deal at the old Hernic, Kabwe update, tjate talks (with plat and pall strengthening). Other deals in the pipeline.

anything could propel this now. I am just glad we are close to 5p expecting news, than at 2.5p expecting news.

via

[the bull] 04/11/2019 09:40

Dream on Losta, 5p will be a result in the next day or two or 5.5p but 7p. Not disagreeing that it shouldn't be 7p just that it is unlikely to get there. Every penny is £50K for me

[adejuk] 04/11/2019 09:22

losta
you're going to be a rich man
well done
new avatar needed!