Jubilee Metals Share Discussion Threads

[1madmarky] 11/11/2020 06:26

1 for Roan, 1 for elephant, 1 for the latest deal.
Roan + elephant to feed sable, the latest goes to a.n.other refiner.

Unless sable being touted as multi metal means elephant also feeds a.n.other refiner

[homeytheclown] 11/11/2020 01:13

Plathunter,

I have to laugh at such stupid comments. I can't even address them as they defy logic, instead I have to wonder why somebody would write/think such things. My guess is that you are clutching at straws as you drown in regret for selling. You are searching for any warped metric to justify your ill-timed decision.

Your pain is likely to intensify as the "40 million spent on investments and acquisitions" continue, and I repeat, CONTINUE to deliver over the coming months and years (as is the norm of capital investments). Please stick around to wallow from the sidelines.

[fozdad] 10/11/2020 23:17

9TT, from the project Roan tailings acquisition

"Under the JV Agreement, there is a further potential to increase the supply of copper ore to approximately 4 million tonnes with an additional 2.5 million tonnes of copper containing tailings available for processing (together "the Project" or "Project Roan"). The Project will target the near-term production of copper concentrate through a dedicated newly constructed copper concentrating facility (the "Processing Facility") for which Jubilee has completed the design for the construction at a targeted Brownfield site adjacent to the tailings (the "Site"). The Processing Facility will be commissioned in two phases with the first copper concentrate and revenues expected within four months."

[9tintin] 10/11/2020 23:02

Listening to Leon's latest interview, he does mention one piece of news that I've not heard before - Jubilee are going to build three concentrators. We knew about the one at Star Tanganika but I'm guessing that one will be built for the last deal at Kitwe, so there's one more somewhere else?

Or maybe there's another deal that's in the pipeline?

tintin

[alimo] 10/11/2020 22:49

Kenny - Digging way back I find that the Leinster nickel tailings project in Western Australia we had during the Braemore days was taken back by BHP Billiton, and I wonder if we ever got compensated by BHP. Maybe we had entered a £12m (hoped for) value in the accounts that hasn't been realised, and is now written off. Can this help our tax position?

[plat hunter] 10/11/2020 22:43

HomeyLast 24 months.. 40 million spent on investments and acquisitions, 20 million earned.Minus 50% Return on Capital. Spelled out in black and white, in todays audited results.Wow... "Money printing machine"

[homeytheclown] 10/11/2020 22:00

Plathunter

Jubilee delivered strong cash flows from its operating activities of £ 19.4 million (ZAR 415.4 million) [2019: positive cash flow of £ 4.76 million (ZAR 84.79 million)]

As a recent seller, it must hurt you reading statements like the above.

[deme1] 10/11/2020 21:46

5 bagging in 18 months

am I ever wrong ;)

[plat hunter] 10/11/2020 21:08

Lol Kenny i read it the wrong way round :-P

[kennyp52] 10/11/2020 21:03

No Plat ... cash reduced from 18,865,288 to 9,947,822 ... but the debtors were considerably higher ... lot of cash should have come in after year end . It’s going in the right direction as far as I can see but lots of tricksy stuff going on in the audited figures . Exchange rate write off £4M !!

[plat hunter] 10/11/2020 20:16

So cash at hand grew by 9 million, yet cash raised from placings was 10 millionWhere's the growth?

[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

.
.

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 *





.

[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 🤞🏻