Jubilee Metals Share Discussion Threads

[9tintin] 17/9/2020 17:54

Just as a matter of interest what do peeps think "midcap value" actually equates to ?

£200million ??

tintin

[lostabillion] 17/9/2020 17:11

In the general scheme of things it matters not, Jubilee is heading towards Midcap pretty quickly.

Are we about to take out Galileo and Berkeley Mineral Resources in one fell swoop?!?

[lostabillion] 17/9/2020 17:08

Looks like the bounce will be tomorrow tintin! Some decent buying after today’s profit taking, in fact “buys” outstripped “sells” by close of play! Bodes well for tomorrow.

[9tintin] 17/9/2020 16:38

What happened to the bounce straight back up?

tintin

[4sta] 17/9/2020 16:37

Just read California Joes 10th Sept. blog. He says " the clients agree to come into the placing and sell their existing holdings at a higher rate" stating that is the obvious thing to do, but isn't this the very definition of insider dealing?

[adejuk] 17/9/2020 16:23

good finish to week
6p

[marmar80] 17/9/2020 16:18

Nice small consolidation today. Some profit taking and price still near 6

[adejuk] 17/9/2020 14:48

blue finish
tmrw 6.5?

[aceshi] 17/9/2020 14:10

Price being manipulated...... Canon in the wings..... 5p by Friday?

[adejuk] 17/9/2020 13:27

the algo is rubbish but i make it that buys are more than sells at the mo
strange games afoot
hope it's not a takeover
i like steady as she goes
0.1p a day will do me fine for the next 5 months

[the bull] 17/9/2020 13:01

I almost own GLR now Losta, it will be me with the gin palace in a few years

[lostabillion] 17/9/2020 12:13

340k at full ask.

[robers98] 17/9/2020 12:07

Update announcement being prepared.

So says a BMR tweet on the 16th.

[plat hunter] 17/9/2020 11:59

How often is the 'fair' though

[freedom97] 17/9/2020 11:51

Here's a reminder of WH Ireland Broker note:



"We initiate with a fair value of 11.2p/sh based on a forward looking cash flow analysis suitably risked for stage."

It seems WHI are very confident that 11.2p is fair value as of July 2020 because they repeated it at least 5 times in their report.

Also, remember that fair value of 11.2p was given in July, before the recent news, so should be higher now.

[homeytheclown] 17/9/2020 11:26

Krypton, I am not warning of any shock. I think the current share price is fair value based on current/short term earnings. My comments were in response to the overly optimistic expectations being made. Once copper production ramps up (early 2021) and we see the earnings we can apply the appropriate valuation. If you already believe copper production will significantly increase earnings then you can make the case for a 10+ pence share price valuation.

[lostabillion] 17/9/2020 09:13

......and here come the “buys” ;—)

[marmar80] 17/9/2020 09:12

Certainly 6p is too cheap to sell it. Company is growing fast now and it stands on own legs strong

[kennyp52] 17/9/2020 09:04

Easy to sell 150,000 . Buyers lined up and price being held down ?

[bullster] 17/9/2020 09:01

.

COMBINED PGM AND CHROME EARNINGS......BY RNS(H2 2019) AND (H1 2020) MAKE FULL YEAR RESULTS COMBINED Project revenue Project revenue Jubilee attributable (1) (GBP'000) (ZAR'000) earnings (1) (1) (GBP'000) H1 2019 14.361 263.873 5.641 (2) ---------------- ---------------- --------------------- H2 2019 24.966 461.669 8.299 ---------------- ---------------- --------------------- H1 2020 29.441 615.028 12.760 ---------------- ---------------- ---------------------







.

[marmar80] 17/9/2020 08:53

One you can agree with, 6p is too cheap to sell

[bullster] 17/9/2020 08:52

.
.

FULL YEAR operational earnings have already been announced by RNS.

£21,059,000

It's now a matter of seeing how much to deduct from that figure, for GROUP COSTS etc.

Look back over previous years full year results and you may consider that by taking off £5-£6m will give the final

GROUP PROFIT of around £15-£16,059,000

.
.

[9tintin] 17/9/2020 08:52

Having read the debate on the numbers,,,,,,,,,,,,,,,,,,,,,,,,,

Reading through WH Ireland's 'note' again it's interesting how negative they were(are) on future pricing of PGM's - the figures were produced in June and quotes Pd at $1900 but see's the price declining to $1800 going forward, plainly that's not the case three months on - though the important point here is that the percentage in the basket for this metal is only 17%

WH Ireland also seem to suggest that Pt is going to gain value in the future ($900) implied - well it's already past that !!

If one is going to base JLP's earnings and profits on the BBI then we ARE going to be disappointed, but that's not what it's there for - it's a guide for the direction of price for PGMs.

Cu is also heading up and is past the broker's indicative target, this is probably more important than PGM in the grander scheme of things, but somewhat lacks emphasis in the numbers given.

All in all I think WH Ireland are being a tad over cautious and their numbers are already well out of date, such is the market for PM!!

Maybe they should have given a 'range' of prices in the future, that would have future proofed their note - instead I think they need to update it !!!

Clearly Pt & Cu are the commodities to watch to get a handle on Jubilee's future prospects plus the progress on implementation of the projects.

I'm still positive but I can't see the share price reaching the wild forecasts of some on here in the near future, if nothing else the geopolitical risk of operating where they do will negate true value to some degree.

Hopefully the numbers in November(?) can lift the share price somewhere close to double digits, but if Colin gets the cannon out again for another big deal, all bets are off !!

tintin