Jubilee Metals Share Discussion Threads

[billyusa] 16/11/2020 14:07

8p reached, happy days!!!!! Next target 10p

[adejuk] 16/11/2020 14:07

it's getting v toppy
stay robust

[adejuk] 16/11/2020 14:07

when is the q and a?

[sb] 16/11/2020 14:06

Who do you have DMA through GSG?

[moneyman50] 16/11/2020 14:00

Change the record Plathunter-you keep stating the same things.
As explained previously the adjustment solely relates to the fact that the company reports in pounds and the expenditure was in the Zambian currency which depreciated against the pound.
The adjustment could go well the other way next year if the Zambian currency was to appreciate against the pound.
The adjustment will have no impact on the earnings potential of the Zambian project as metals are priced in dollars .

[gsg] 16/11/2020 13:54

someone just put 250k at 8p on the auction bid, so hopefully that will be matched with the 250k at 8p on the offer at 2pm auction close.

edit. they got pulled.

[plat hunter] 16/11/2020 13:48

It is cash... They spent 25 million of shareholder cash, on an asset, then impaired it by 50%If people think their argument is spending on assets then it's radically out of sync with reality.What did they spend 25 million on?

[adejuk] 16/11/2020 13:42

there will be retraces. there always are.
capex is not wasted money. it is investment.
come on plat - you have changed your song sheet
find the one you were using a month ago
good luck and make money

[adejuk] 16/11/2020 13:40

plat understands the wall of fear and that this is when peeps get most anxious instead of excited.
let it run - sell the losers

[the bull] 16/11/2020 13:30

Really good news on vaccines and the fact things will pick up. However, thousands of companies have gone bust, many more will, huge zombie companies and huge debt levels. Quite why the Dow is surging like it is I dont know, probably because they know I am shorting it and getting murdered

[robers98] 16/11/2020 13:03

Seema Shah, chief strategist at Principal Global Investors, says Moderna’s vaccine trial results will boost hopes of an economic recovery from the pandemic next year, despite the alarming increase in Covid-19 cases in recent weeks.

“The global population couldn’t have asked for more from the Moderna vaccine. With an almost 95% efficacy and more acceptable logistical and storage dynamics, today’s news should solidify the market rally that has been in play since last week. Visibility towards a return to normality is increasing, and this should provide more fuel to the reflation rally, with small caps, value and cyclicals clear beneficiaries.

“Of course, there is still a tough winter to get through, and mobility numbers suggest that lockdowns in Europe are clearly taking their toll on economic activity. In the US, rising cases and even deaths suggests that mobility may soon also start to wane. Yet, today’s vaccine news should make investors more tolerant of the surging virus cases, permitting them to look through to the strong dynamics that seem to be taking shape for 2021. Easy monetary policy, fiscal stimulus, recovering economic growth – there are many reasons for investors to be optimistic as we move closer to the end of this awful year.”

[nelson01] 16/11/2020 12:54

At least you have realised what you are, you just need to fix it now

[plat hunter] 16/11/2020 12:46

Favourite share???Ha ha you have no idea... clutching at straws.Why are you all so bothered, what I think? I'm just a deranged druggy

[nelson01] 16/11/2020 12:42

He is showing the behaviour of a desperate man so I guess he must be short. I never like to see people lose money so I hope not.

[daocana] 16/11/2020 12:31

its not to late to repent plathunter.its good to be wrong..thats how we learn

[moneyman50] 16/11/2020 12:27

Exactly Kenny 52-the likes of Apple and Microsoft would not have happened if they had not invested in developing their technologies.
One of Plathunter’s favourite shares Centamin invested approx a £1 billion in developing it’s mine in Eygpt so he should understand the concept of capital investment by a company.He seems determined to portray himself as a complete fool-even Kyrptonsnake has virtually stopped his deramping

[kennyp52] 16/11/2020 12:16

Plat ... you do not understand capitalising costs do you ? Seriously Plat ... you need to stop ... your credibility is going out the window and you are jumping . All I'd say is the market doesn't agree with you , investors don't agree with you , Leon doesn't agree with you .... ever thought you might be reading this one totally wrong ? If you are shorting the share price is getting even further away from you pal .

[nelson01] 16/11/2020 11:31

Buyers aren't going to be able to buy in a placing so they have to go direct to the market. This is how it's meant to happen.

[moneyman50] 16/11/2020 11:26

Knocking on the door of 8p.
Keep the deramping up Plathunter-your increasing the wealth of everyone here.
Perhaps you can deramp JLP to 10 p over the next couple of weeks

[nelson01] 16/11/2020 11:21

Lol..... stop it your making me laugh

[daocana] 16/11/2020 11:20

big volume already..up she goes

[bullster] 16/11/2020 11:11

.
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Reversal of impairment is a situation where a company can declare an asset to be valuable where it has previously been declared a liability. In general, asset impairment indicates that an asset costs more to a business than it is worth. There are times, however, when this situation changes and the asset becomes valuable.

For instance, if it cost £2 million to produce the upgraded tailings at DCM and did not have the go ahead to commercialize it. JLP could impair that asset by the cost it took to create , on the balance sheet, but if the asset gets the go-ahead to commercialize it, impairment can be reversed.

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[plat hunter] 16/11/2020 11:01

Bull... No...20p stands