Jubilee Metals Share Discussion Threads

[gsg] 13/11/2020 18:04

PH. FFS give it a rest. I normally welcome your input

But you're sounding more and more unstable or desperate, or both.

Beginning to feel sorry for you in the same way felt for Krypton, before he/she was filtered.

[nelson01] 13/11/2020 17:39

Bless him, he doesn’t realise we are making 5 million per month.

[moneyman50] 13/11/2020 17:11

Mr Plathunter you also need to take into account the £15 million operational earnings in the quarter to 30th September and of course another £5 million plus for October (estimate based on current PGM prices )
Your early assertion that the company is not in a position to pay it’s current liabilities is incorrect as it clearly ignores trade debtors receievable as at 30th June 2020.
Net current assets as at 30th June £22 million plus post this date earnings for 4 months say £20 million gives £42 million.Being very prudent call this £30 million very short term funds available
There appears to be ample funds for capital expenditure considering at least a further £5 million per month will be generated from PGms

[plat hunter] 13/11/2020 16:32

So how much runway left Moneyman?

[moneyman50] 13/11/2020 16:18

Cash held at 30/06/19 plus some of the cash generated during the year ended 30/06/20 has been invested in future projects hence you get a net outflow of cash during the year ended 30/06/20.
This is not a weakness or a bad thing-it is investing the company’s earnings in projects that will generate future profits for the shareholders.It is what company’s should do Mr Plathunter.
The net current asset position of £22 million shows that the company is in a good solvent position..
Still waiting for your projections showing that these investments are bad for the company

[bullster] 13/11/2020 16:01

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Creating extra shares in a company doesn't mean you are raising money, per se.

Expanding the share volume at the nominal 1p price or par value is different to offering/placing the shares at say 9p market value.

That's how i see it.

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[nelson01] 13/11/2020 16:00

Listen to Leon or listen to a druggy, I've never known a druggy to talk any sense yet.

[plat hunter] 13/11/2020 15:54

Versus 1.28 last year so effectively year ending 2019, positive free cash flow was circa 30%To swing to 0.97 means cashflow was negative by year end 2020.

[homeytheclown] 13/11/2020 15:53

Plathunter

I am wide awake to what is going on. I am also wide awake to you trying to justify the mistake you made in selling. Resolution 6 does not mean they will issue the equity, they are just ensuring the company has the option to raise equity if required. Just like a lending facility arrangement that is never used.

In a worst case scenario that JLP does issue a massive amount of equity, just look back at that last massive/significant dilution and then look at the share price increase since then.

Keep digging.

[plat hunter] 13/11/2020 15:51

Moneyman...Did you even see the accounts? Liability/cash ratio 0.97... They no longer have enough short term assets to cover short term liabilities and they're STILL spending.

[plat hunter] 13/11/2020 15:49

Bullster there 2.2 billion in issuance

[plat hunter] 13/11/2020 15:49

Back up for what marmar?Why do you need a back up if you're not spending to much or not risking your earnings on non producing assets.Your 10% assumption is way way off.Did you even see the accounts? Liability/cash ratio 0.97... They no longer have enough short term assets to cover short term liabilities and they're STILL spending.

[bullster] 13/11/2020 15:48

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45% more shares @ 2,018,000,000 = 2,926,100.000

7p shareprice becomes 3.85p

100,000 shares @ 3.85p = £3,850
+100,000 x 15% = 15,000 x 1p = £150
= £4,000

115,000 share @ 3.85p = £4,427.50

9.034% gain before expenses.

This is not financial advice as i'm not qualified to give it.

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[moneyman50] 13/11/2020 15:47

Plathunter -you keep stating cash is falling.Cash is only one element of the current liquidity position of a company.You need to take into account the net current assets of the company which include short term cash receivable e.g trade debtors and short term cash payable e.g trade creditors.As at 30th June 2020 JLP has net current assets of £22 million.
Cash is only one element of a company’s overall financial position-perhaps a day on an accounting course might help you

[plat hunter] 13/11/2020 15:44

Wake up homeyIt's already happening, it's a resolution to be voted on at the upcoming AGM.

[marmar80] 13/11/2020 15:43

Plat, if you have your short open, think if not close. Imo this is going to double digits soon. Placing, if actioned, is worth around 10m, 8% dilution max, ignore all the other numbers.However Leon said that they are not planning any dilutions.So this is just a backup.

[plat hunter] 13/11/2020 15:42

Lol indeed freedom.. Keep up.It's happening already ;-P

[homeytheclown] 13/11/2020 15:42

Kenny

Listen to the Director talk interview from the 3 minute mark or specifically from the 4:40 minute mark where the CEO states "We are certainly not looking to go to equity and dilute our shareholders".

So you can listen to Plathunter, a long term holder who recently sold his/her shares or you can listen to the CEO of the company.

Regarding resolution 6, I believe it is a prudent safety net and backup. It also gives JLP bargaining power with lending institutions.

[plat hunter] 13/11/2020 15:40

Bullster issuance is 2 billion not 1

[plat hunter] 13/11/2020 15:38

Kenny you must have trebled bag by now or near as dam it?

[plat hunter] 13/11/2020 15:37

The 1p is nominal, if they are pari passu, then it's the % of issuance.

[freedom97] 13/11/2020 15:32

Leon said on 11 November NO PLACING needed.

[freedom97] 13/11/2020 15:27

Leon said on 11 November NO PLACING!