Jubilee Metals Share Discussion Threads

[plat hunter] 10/11/2020 20:14

Imagine ramping something you own... Who'd do a thing like that, Nelson?

[plat hunter] 10/11/2020 19:57

Share of loss of associated company 1.44 millionI reckon that's BMR. JLP had 29% when it suspended from aim with a circa 6 million mcap

[bullster] 10/11/2020 19:53

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We had £18,865,288 cash going into the financial year.
We were left with £9,947,822 end of June results.
We issued shares £8,745,103.

£9M + £8.74M - £4.98M interest pay off atc. + Monthly earnings + borrowing if needed, to pay for projects

£9.95M + £5M Jul + £5M Aug + £5M Sep + £5M Oct cash in new financial year. £30M

SO, loads of free cash has paid for financing projects.




Group statements of cash flows for the year ended 30 June 2020 30 June 30 June Figures in Sterling 2020 2019 ------------------------------- ------------ -----------Cash flows from financing activities Net proceeds on share issues 5 696 282 10 671 831 Decrease in other financial liabilities (4 168 296) (630 693) Proceeds from other financial liabilities - 10 933 550 ------------ ----------- Net cash from financing activities 1 527 986 20 974 688 ------------ ----------- Total cash movement for the year (4 898 066) 12 293 080 Total cash at the beginning of the year 18 865 288 6 376 153 Effect of exchange rate movement on cash balances (4 019 400) 196 055 ------------ ----------- Total cash at end of the year * 9 947 822 * * 18 865 288 *





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[kennyp52] 10/11/2020 19:16

To be fair Plat there is a deferred tax provision in there adding over £4m to the retained profits but pre-tax is £13.7M with Operating Profit of £15.9M - take a look below that line and there is all sorts going on including the reversal of the positive £5m fair value adjustment from last year that spruced those figures ... now reversed for £5m loss ... so what asset is this that has lost its value of £5m in a year ?? These other gains of £6.6M ; share of loss of associated company £1.44M ... all a bit complicated in my view . Then you look deeper and there is a hit on profits of £12.4M for foreign exchange translation on foreign operations .... decimating the profits to £5.8M ... down on the comprehensive profit for 2019 of £7.6M . So if you need some facts to work with then what do you make of that lot ?

[plat hunter] 10/11/2020 19:04

40 million spent and 20 million earned over last 24 months.There's no indication as to what the copper spend is oing forward or how much of it is actually going to be debt.

[kennyp52] 10/11/2020 18:47

Perfectly reasonable to expect Bullster 🤞🏻

[bullster] 10/11/2020 18:36

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kennyp52,

15,044 x 4 = 60,176 pgm ounces for the new financial year.

Together with fine chrome coming online, better quality feed frome more run of mine ore crushings, the final stage concentrators will run more efficiently.
Add to that Inyoni is about to be expanded.

70,000 pgm ounces per year should be an easy target.

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[deme1] 10/11/2020 18:31

Miles off plat.

And to think you were bragging you knew the exact figure because your amazing!

wrong again

[plat hunter] 10/11/2020 18:21

Kenny there and there abouts of expectations.If you note my previous posts... I said 13.5 million net earnings with 25 million spent on capex. Actual was 15.6 million and 26 million spent on capexThat is pretty close, don't you think?

[lostabillion] 10/11/2020 18:05

Overall a great day for Jubes, long may it continue.

[goingforarun] 10/11/2020 17:53

The fundamental point with all of this is that we will have a forward P/E of something like 3 once Copper is running! So undervalued!!

[homeytheclown] 10/11/2020 17:53

Plathunter

As to your comment regarding "little pgm material .. left." did you see this little gem in the CEO overview in the audited results?

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Under each of these agreements Jubilee retains ownership of the PGM containing discard from the chrome operations. While the chrome operations, on their own, now form a notable profit contributing segment of the overall business and continue to grow, at the same time, they ensure a long term, ongoing and sustainable supply of additional high quality PGM rich feed material for the PGM operations, over and above the existing tailing resource already owned by the Company.
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Let me know if you have any other invalid/uninformed thoughts in your head. Happy to help out.

[kennyp52] 10/11/2020 17:47

another interesting plus post period ....

Post period end, Jubilee continued to expand its chrome operations with the addition of a further 35 000 tonnes of processing capacity through another joint operation agreement, whereby Jubilee takes control of the management of a previously under utilised chrome facility named Windsor 8. Jubilee also entered into a further management and processing agreement, under which Jubilee has been appointed to manage and operate an additional chrome beneficiation plant adjacent to its Inyoni PGM operations. This additional processing includes the processing of a minimum of 40 000 tonnes of chrome ore per month for a 3 year period, which may be extended.

Under each of these agreements Jubilee retains ownership of the PGM containing discard from the chrome operations. While the chrome operations, on their own, now form a notable profit contributing segment of the overall business and continue to grow, at the same time, they ensure a long term, ongoing and sustainable supply of additional high quality PGM rich feed material for the PGM operations, over and above the existing tailing resource already owned by the Company.

The continued growth in operations is further demonstrated by the unaudited operational results achieved for Q3 2020, producing record 15 044 6E PGM ounces and 136 162 tonnes of chrome concentrate for the 3 month period.

[kennyp52] 10/11/2020 17:45

Another snippit of report highlighting extra profits and further PGM rich material to feed the plant ...

Post period end, Jubilee continued to expand its chrome operations with the addition of a further 35 000 tonnes of processing capacity through another joint operation agreement, whereby Jubilee takes control of the management of a previously under utilised chrome facility named Windsor 8. Jubilee also entered into a further management and processing agreement, under which Jubilee has been appointed to manage and operate an additional chrome beneficiation plant adjacent to its Inyoni PGM operations. This additional processing includes the processing of a minimum of 40 000 tonnes of chrome ore per month for a 3 year period, which may be extended.

Under each of these agreements Jubilee retains ownership of the PGM containing discard from the chrome operations. While the chrome operations, on their own, now form a notable profit contributing segment of the overall business and continue to grow, at the same time, they ensure a long term, ongoing and sustainable supply of additional high quality PGM rich feed material for the PGM operations, over and above the existing tailing resource already owned by the Company.

The continued growth in operations is further demonstrated by the unaudited operational results achieved for Q3 2020, producing record 15 044 6E PGM ounces and 136 162 tonnes of chrome concentrate for the 3 month period.

[kennyp52] 10/11/2020 17:37

Well done Bullster on your profit prediction . Just for the benefit of this board also:

Please note "POST" period .... thus Bullsters profit predictions looking solid and this is with the Copper still to come ...

Operational Highlights post the period under review

PGM and chrome operations delivered record quarterly operational earnings of £ 15.17 million (ZAR 332.36 million), surpassing the previous operational record set during the full H1 2020 period
Jubilee’s PGM operations hit its highest quarterly PGM production, reaching 15 044 PGM ounces produced during Q3 2020
PGM record production supported by 136 162 tonnes of chrome concentrate produced under tolling agreements from third party ore suppliers during Q3 2020
Chrome Operations improved its attributable earnings margin, achieving 23 % for Q3 2020 compared to 7 % for H1 2020

[kennyp52] 10/11/2020 17:23

Operational Highlights post the period under review

PGM and chrome operations delivered record quarterly operational earnings of £ 15.17 million (ZAR 332.36 million), surpassing the previous operational record set during the full H1 2020 period
Jubilee’s PGM operations hit its highest quarterly PGM production, reaching 15 044 PGM ounces produced during Q3 2020
PGM record production supported by 136 162 tonnes of chrome concentrate produced under tolling agreements from third party ore suppliers during Q3 2020
Chrome Operations improved its attributable earnings margin, achieving 23 % for Q3 2020 compared to 7 % for H1 2020

The increases in Q3 2020 post audited accounts to 30/6/20 are signficant and back up Bullsters figures . When will the light switch on . This is printing money let alone the copper still to come .

[alpal2] 10/11/2020 17:01

marmar: I will be very disappointed if angloplats only pays double the current price. If current fair value is 12p then take-over at 20p based on the potential and JLP ability to upscale.

[juju44] 10/11/2020 16:49

I think Colin was brilliant - at transferring cash from our wallets to his

[ashbox] 10/11/2020 16:37

JLP is a completely different animal from the days when Wendy regularly berated posters on this board for their lack of knowledge. At the time I think the only assets were Tjate and conroast (whatever happened to that??!!) and it was all about becoming a miner of PGM's with no cash to open a mine.