Jubilee Metals Share Discussion Threads

[gsg] 10/11/2020 12:19

The pics of copper plate stacks at Sable look great.

[the bull] 10/11/2020 11:58

Better hold onto this for another year then. If your prediction is true though bully and the price stays around where we are, for sure we will get snapped up before witnessing those figures.

Is the CHR figure of 16p per tonne correct?

[moneyman50] 10/11/2020 11:34

Appears the 5% brigade are cashing in their sort term small gains.
Results look very good and balance sheet look strong especially with current assets (£33 million) more than double current liabilities (£14 million)
Looking forward and assuming no major downturn in metal prices we could be in for profits after tax of £60 to £80 million for the year ending 30 June 2021.
Out of this a dividend of 1p per share could be paid (cost circa £20 million)
On a dividend yield of 7.5% this would give a share price of circa 13p-very modest.
Agree with Plathunter -lots of gaps here-especially in the understanding of the potential of the company and it’s performance this year in these very difficult Covid times.As we emerge from the Covid crisis demand for metals that help the environment can only increase .

[the skipper] 10/11/2020 11:18

Does anyone else get their RNS alerts from Digital Look? I've missed a few recently as they have not been coming through, including JLP's this morning.

Can't fault JLP though and I will be topping up once the gap has been filled. I particularly liked this bit from Colin: "We produced and sold our first copper cathode from tails in March 2020 and have since brought the cobalt steam on-line. The refinery has reached full operational readiness to step up production in-line with the commissioning of our copper tailings projects." That is going to be an incredible cash cow for many years to come.

However the omission of any reference to Tjate suggests to me that it is a very sensitive issue at the moment and a very nice surprise might be in store once negotiations have been completed.

[lostabillion] 10/11/2020 11:07

The frustrating thing is, I was eyeing up Cineworld yesterday!!!

Look at it today too!!!!!

[lostabillion] 10/11/2020 11:05

Annoying isn’t it Deme1 ;—)

[lostabillion] 10/11/2020 11:02

Bull, 7.00 - 7.10 close and the drift to my 6.5p limit order in a few days hopefully :-)

[kennyp52] 10/11/2020 10:55

From the other board....

Bullster10 Nov '20 - 09:02 - 3243 of 3243
0 0 0
.
.

What can we expect for next FULL YEAR RESULTS.

PROJECT EARNINGS :
PGM 60k ounces @ £924 = £55,440,000
CHR 800k tonne @ £0.16 = £128,000
COP 4k tonnes @ £2,800 = £11,200,000
COBALT 500 tonnes @ £10,220 = £5,110,000

£71,878,000 earnings
£6,000,000 group costs

£65,878,000 group profit


I cannot dispute this and see Bullsters prediction to 30/6/20 was near enough perfect as an estimate

[the bull] 10/11/2020 10:54

bet it ends up level or slightly red, seen it time and time again but in the end, we get there

[mikebolle] 10/11/2020 10:31

Yes Plat you are correct; lots of gaps here...specially in the profits of this little company. Earnings growth is not linear, it gap up (lol)

[plat hunter] 10/11/2020 10:05

Lots and lots of gaps here JUJU

[frogkid] 10/11/2020 09:55

I bloody hope so tintin, its why I got involved in the first place

[juju44] 10/11/2020 09:43

Gap up . gaps get closed . Little joy here until it happens

[9tintin] 10/11/2020 09:35

froggy

You could say the same about any of the copper assets acquired - they are yet to produce any revenue - Tjate is often referenced in interims or finals, I just thought it interesting that this time there was no mention of it!!

Tjate is the surprise package waiting to drop out of the blue - just when you think it's all forgotten about.

tintin

[lostabillion] 10/11/2020 09:33

Smart Investor PH

[plat hunter] 10/11/2020 09:23

Who you with Losta been locked out of trading since yesterdays mayhem with AJ bell with nosence continuing today.Was able to top slice my slp first thing but that's it, can't even return quotes or get very generous limit orders placed.

[bullster] 10/11/2020 09:02

.
.

What can we expect for next FULL YEAR RESULTS.

PROJECT EARNINGS :
PGM 60k ounces @ £924 = £55,440,000
CHR 800k tonne @ £3 = £2,400,000
COP 4k tonnes @ £2,800 = £11,200,000
COBALT 500 tonnes @ £10,220 = £5,110,000

£74,150000 earnings
£6,000,000 group costs

£68,150,000 group profit

.
.

[lostabillion] 10/11/2020 09:01

Another 3% made with Lloyds so far today. That’s 19% in 2 days :—). It’ll all come back here after drift mode kicks in and the profit takers have departed.

[marmar80] 10/11/2020 08:51

Agree. Waiting for a jump like EUA did from those levels to 30s. Fingers cross this will come soon.

[danieldanrichardson] 10/11/2020 08:49

Great results and this really is just the beginning. Congratulations to everyone who held on during dark times.

[plat hunter] 10/11/2020 08:46

Sell and buy what you want Losta... Morons will never understand about what else might be going on across the other side of the street