Jubilee Metals Share Discussion Threads

[homeytheclown] 09/1/2020 14:57

Bullster

Your estimates make sense, albeit higher than my estimates. What concerns me is the update on 14-Nov-2019 where the following statements were included in the HIGHLIGHTS POST THE PERIOD UNDER REVIEW:

- The significant growth in earnings delivered during the period under review continued on its steep growth trajectory demonstrated by the jump in operational earnings to £ 3.38 million delivered for the three month period July to September 2019, which equates to a 90% jump from the comparative period in 2018

- This jump in earnings reflects only one full month of production at the Windsor PGM Operations, which commenced operations in late August 2019 and exceeded expectations by delivering 5 337 PGM ounces for the month of September 2019 alone, which is more than double that of the PGM ounces produced from the Inyoni Operations.

How do you reconcile your estimates with GBP 3.38 million operational earnings in Q3-2019?

[bullster] 09/1/2020 14:45

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fozdad 9 Jan '20 - 14:08 - 17772 of 17773

Bullster, there is an assumption in your last post that Lonmin or whoever we sell our concentrate to will not benefit from the increase in basket price. Can that be true?


fozdad, Leon never gave us the details of the arrangement. I am quite confident that the smelter did not fix his fee, forever and a day.
Did the smelter arrange to increase his fee to allow for inflation, most definitely .
Did the smelter build in a formula to benefit from the rise in pgm prices, maybe, but i expect this to be very modest, say 1% region.

Note that my examples, not assumptions, have a $400 per ounce cost to produce when in fact we had that down to just over $300 for some quarters.

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[9tintin] 09/1/2020 14:24

Bullster

Might be appropriate and more impressive to put earnings totals $$$$ per six months period??

cheers keep up the good work

tintin

[kennyp52] 09/1/2020 14:12

Costax154X ... this garbage share you are on about ORM .... loss making , non dividend paying gamble that has no cash other than borrowed money on very expensive terms ..

(Sharecast News) - Ormonde Mining reported on Thursday that Saloro, the operator of the Barruecopardo Tungsten Mine in Spain in which Ormonde holds a 30% joint venture interest, has entered into a €10m, 12 month term loan facility to be provided by funds managed by Oaktree Capital Management.
The AIM-traded firm had announced on 20 September that the new term loan would provide Saloro with additional liquidity support as it established mining operations on the main ore body at Barruecopardo.

Saloro would be able to draw from the loan on an as-required basis, in tranches of at least €0.5m, over the loan period.

Interest on the loan would be capitalised in full, at a rate of 18% per annum on drawn funds, with a 3% per annum commitment fee accruing on undrawn amounts.

Drawn funds, capitalised interest and commitment fees would be repayable at the end of the 12 month term, by bullet repayment.

[fozdad] 09/1/2020 14:08

Bullster, there is an assumption in your last post that Lonmin or whoever we sell our concentrate to will not benefit from the increase in basket price. Can that be true?

[costax1654x] 09/1/2020 13:59

Anyone noticed ORM ?Gold asset in Salamanca and 5 mil ? Cash,no debts, for 3 mil mcap!

[bullster] 09/1/2020 13:58

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BBI averages over 6 month periods. INYONI.

Jan to Jun 2019 = $1,235 per ounce
Earnings $435 per ounce @ $400 cost to produce
2,500 ounces = $1,087,500

Jul to Dec 2019 = $1,584 per ounce
Earnings $784 per ounce @ $400 cost to produce
2,500 ounces = $1,960,000

Jan to Jun 2020 = $2,000 per ounce
Earnings $1,200 per ounce @ $400 cost to produce
2,500 ounces = $3,000,000

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[costax1654x] 09/1/2020 12:31

Anyone noticed ORM ?Gold asset in Salamanca and 5 mil ? Cash,no debts, for 3 mil mcap!

[niloc4] 09/1/2020 12:17

Plat Hunter is having period pains. Don't forget to take some pads back to the caravan park for yourself tonight.

[bullster] 09/1/2020 11:43

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The financial year begins 01/07/2020.

Confetti quotas for current financial year are exhausted.

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[plat hunter] 09/1/2020 11:31

Sad pathetic Aces.. You'll be saying the same thing at 5p 6p and 8p

Lost your beans and have no life, get a grip you goon.

[frogkid] 09/1/2020 11:26

one more year then

[plat hunter] 09/1/2020 11:19

To a maximum of circa 18 million at least, which is another Hernic sized project. Probably a proviso, so that we can process the DCM PGM's when we finally get the green light

[bullster] 09/1/2020 11:11

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The confetti canon was last fired on 14/11/2019.


Persuant to the cancellation of resolutions 6 & 8 at the companies AGM on 06/12/2019 the activities of confetti showering have been curtailed.

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[nelson01] 09/1/2020 10:29

Well imho it will start to show up after the next update and then the next set of results which are probably due in early March.

[adejuk] 09/1/2020 10:27

the figures are more than speculation
when it blows it should really blow - unless colin starts playing with his canon

[nelson01] 09/1/2020 10:27

Lol....I was in a rush but Northampton probably need it more than jlp

[aaspell] 09/1/2020 10:10

Nelson - love the fact some goes to Northampton. Damn autocorrect or lucky Northampton

[bullster] 09/1/2020 09:55

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PRILL SPLIT

PLATINUM 49% : $953 : $466.97
PALLADIUM 40% : $2106 : $842.4
RHODIUM 9% : $7300 : $657
GOLD 2% : $1546 : $30.92


BBI = $1,997

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[pshevlin] 09/1/2020 09:54

So when is that going to show up in the share price and by how much?

[yangou] 09/1/2020 09:54

Oh for kryptonsake. careful when your crossing the road

[nelson01] 09/1/2020 09:46

Add another 5000 ounces to that from Windsor pgms but probably only about 4.5 million in earnings as some goes to Northampton =7.5 million per month.

[bullster] 09/1/2020 09:41

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2,500 PGM ounces per month is the established target at INYONI.

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