Jubilee Metals Share Discussion Threads

[plat hunter] 15/11/2020 10:02

Nelson.. Do you even know who Plato is?

[nelson01] 15/11/2020 09:57

You really need to get a life, it’s not healthy to sit smoking dope all day posting on internet bulletin boards.

[plat hunter] 15/11/2020 09:38

I like that sharenotes.Another interesting analogy is Plato's Allegory of the Cave.

[sharenotes] 15/11/2020 09:32

We live in a world of probability. Let’s say a decision is 70/30 – a diligent word-smith can convince many that the 30 is the 70. People of a nervous disposition are easily swayed. Our educational system predominantly rewards memory prowess and society considers that as intelligence. How many really fact-check a narrative or have the capability to do so? Because of probability, all sides have some skin in the game.

[philby1] 15/11/2020 09:29

He's filtered so no problem for me Daniel.

[danieldanrichardson] 15/11/2020 09:18

And some of us are providing him the oxygen, true philby.

[philby1] 15/11/2020 09:09

Attention seeking?

[danieldanrichardson] 15/11/2020 09:04

Hmmm... why would someone not invested in the company want to spend all day and night slagging the company off...

[plat hunter] 15/11/2020 08:45

What is a company that earns in safe us dollars and pays it's operational costs in rand, doing transferring all of positive net cash flow to a currency, where it can depreciate and lose 50% of the companies annual earnings?Surely, transfer the cash as and when it is needed, no?Huge huge failure and dereliction of duties to shareholders or blatant skimming and redirection.Losing 50% of you annual profits in unnecessary currency is not something that happens to most companies. This would have happened in one bite, it would have been a continued and concerted effort to keep moving free cash flow to and keep watching it deteriorate, month on month.If this happened to a Glencore of the world, it would make primetime news and you all know it.

[plat hunter] 15/11/2020 08:34

As one ever considered that two different views can both be right.Or are you trapped in a sad and terrifying binary vitreous world full of anxiety.I resign that ot's a rhetorical thought, most of you in here still can't wipe the dribble from your chin it seems.

[danieldanrichardson] 15/11/2020 06:00

Nelson: Spot on.

[plat hunter] 14/11/2020 20:38

Lol Nelson.. Quite literally everything goes over your head

[nelson01] 14/11/2020 20:36

Their is no doubt about who is right and who is wrong, the share price has gone up 30% since you sold and will continue going up whilst the company grows and you waste your useless drug induced life trying in vein to talk the price down.

[plat hunter] 14/11/2020 20:16

I've never said you're wrong for holding GFA, you're mistaken.I'm afraid it's the tampers camp who think people who don't hold are wrong

[goingforarun] 14/11/2020 20:10

Always glad to be told by Plat that I’m making a mistake in my investment choice! When I’m another 100% up I’ll still be glad!

[das1w] 14/11/2020 17:52

Agreed Moneyman - the accounting adjustment to the book value of the assets has no impact on the value of the asset in the real world. I think Glencore may be feeling that they sold Kabwe too cheap in the real world.

[moneyman50] 14/11/2020 17:18

Yes I suppose Leon has made the Zambian currency depreciate against the pound.
Of course there will be a large benefit to our profit and loss account if our costs are in the Zambia currency and our earnings are in say dollars-metal prices are of course based in dollars.
Of course the accounts have been prepared in accordance with accounting standard (although no doubt Plathunter disagrees with these) and subject to an independent audit.
You will find currency book adjustments in any company that operates in multiple countries.The currency adjustments do not of course have any effect on the earnings potential of the assets

[plat hunter] 14/11/2020 17:16

Steady on Mr Arkwright, it's been more than 3 weeks

[nelson01] 14/11/2020 16:38

What’s so important about you deramping Jlp that that have to do it 24/7......three weeks ago you were ramping it.......give it up, you will never get back in at what you sold at.

[plat hunter] 14/11/2020 16:22

EBITDA reporting can be ever so flexible

[plat hunter] 14/11/2020 16:20

Glad you see it moneymanThe single biggest cost the company incurred last year, equal to circa 50% of earnings.Yeah right...And they have multi-jurisdiction ambitions.. "I bet they do"

[moneyman50] 14/11/2020 15:19

Yes perhaps if Mt Plathunter read note 21 on page 86 of the accounts he might find out what the £12 million write down related too instead of blowing his normal hot air.
Appears to relate mainly to a currency translation difference due to the depreciation of the Zambian currency against Che pound.Suprisingly enough currency adjustments will appear in every set of accounts where operations incur in more than one than one country.Seek and though shall find