Jubilee Metals Share Discussion Threads

[frogkid] 15/11/2019 08:32

Thanks Bullster

[frogkid] 15/11/2019 08:32

Thanks Platty

[nelson01] 15/11/2019 08:31

That is without chrome, DCM pgms and Tjate.

[nelson01] 15/11/2019 08:29

Look....long term shareholders with relatively high averages never like placing especially at discount to the current share price but it’s obvious why they had to
Grasp the opportunity while it was there.The company is growing at a tremendous rate.
Windsor pgms alone at 5000 ounces per month is making 3 million per month, Hernic at least 1.5 million per month.Thats 4.5 million profit per month for the next financial year which could easily support a market cap of 3 to4 hundred million at the end of next year.The potential is tremendous.

[plat hunter] 15/11/2019 08:29

Inyoni Rocks Luxury safari and beach destination

[deme1] 15/11/2019 08:22

"bigger opportunities globally, that you need to get over the line"

Placing anyone!

[bullster] 15/11/2019 08:17

.
.


Inyoni is ZULU for BIRD


codeword: about to fly

.
.

[plat hunter] 15/11/2019 08:12

Placings are needed here for the business model, if you're still shocked by them then you still haven't quite grasped it yet.Perhaps buying up projects with 2 years life and that take 12 months to set up as well as the appointment of a second broker hasn't quite sunk on yet.This will hit 30p a share regardless of the amount of issuance.

[frogkid] 15/11/2019 08:09

What is the inyoni connection. That has been Colin's thing for some years now. It has been his email.address for 5 years.

[deme1] 15/11/2019 08:04

Am i the only one, when looking at the new crux interview, that thinks Leon is laughing at us!

[goingforarun] 15/11/2019 08:03

Ultimately the proof of the pudding will be in 6 months time! Feels like share price could be in limbo until then?

[kennyp52] 15/11/2019 08:03

JLP have been spending a lot of money buying future revenues with , if we can now believe Leon , relatively short payback periods . A lot of monthly revenue has been added post year end . So that is the good news but the way they report he will need to release regular RNS to restore confidence the money is well spent and surely there was a prospectus with future projections we need to see . The placing at 4p will be at a perceived discount to value so a short wait for the placing to go through and then we will get a real market assessment of the results and the share price . I still see this rising above 5p even after dilution . I hope he gets it in the neck at the AGM and it will be interesting if he can convince us the placing was in the interest of ALL shareholders as it stinks of cash for the boys .

[bullster] 15/11/2019 07:56

.
.

CRUX OF THE RESULTS





.
.

[1madmarky] 15/11/2019 07:55

Sleveen - is that the 5 million they took off (for no good reason) previously?

[niloc4] 15/11/2019 07:51

That's always been the problem with Leon and company. I think this time might be different though. Big expansion plans ARE on the cards. Jubilee today is a different fish. I'm also disappointed, but I think it was the right move

[sleveen] 15/11/2019 07:47

Unsurprising that the £5m fair value adjustment wasn't mentioned.

Shows that the accounts need to be understood rather than listen mere words.

Lots of Earnings talked about = before ITDAG&A are deducted.

[barnes4] 15/11/2019 07:46

A FRIDAY RNS Rofl

[deme1] 15/11/2019 07:40

"we are really sensitive to the dilution of our shareholders"

Yeah right!
Heard that one to many times now Leon.

Talks about growth in the company year on year, yet they still issue shares in the millions!

[1madmarky] 15/11/2019 06:26

Mike- I'm with you.
My concern is that until we have a cash cushion of $20m or so, the BOD will just take the easy option and roll out the confetti cannon every time they see something on offer.

[mikebolle1] 15/11/2019 05:56

Well I am staying put. Looking at what jubilee accomplished over the year, one has to wonder where the capital came from. Just look at the increase in our assets and inventory, for a start. We bought plant and tailings, not renting with some sort of an agreement...we are the owners. Yet we are still a junior (surface) mining company with a very limited balance sheet. Thus, placings must be part of the game. I agree that we should focus on what we have, but they did: most of our projects are now cash generative. Most of our projects doubled revenues/month in the period after June 2019.
My only investment question now is: can I trust the Board with the cash and capital they now have? Only time will tell, but I am taking the change. Good luck all...

[boris cobaka] 15/11/2019 01:52

All about 'momentum' now.
The share price has performed well in the last few months so are we due a breather and a period of sideways consolidation or will we slip back below 4p?
The results were by and large good but the placing has certainly taken the shine off and sadly it simply draws unwanted attention to the amount of paper littering their past.

I'm ready to take some if not all profit but will monitor over the next session.
A few almost certainly knew what was on the way and hence the steady selling even in midst of positive updates.
They could have got the placing away at a higher price and maybe their lack of a genuine finance guy is partly to blame.
Anyway fingers crossed. Keep an eye out for those 6 dig trades if they begin to appear fairly frequently.
Gl.

[teddy31] 15/11/2019 00:50

Ho well back in the bottom draw for I don't know how long never going to trust jlp or their lies ever again long suffering braumore investor

[the bull] 15/11/2019 00:06

It didn't jump out at me Skip, but it was towards the end of the rns, I found it just before giving up and checking the company website. Would definitely go but hiking in the yorkshire dales and knocking back old peculiar. So next year then when the price will be 20p+