Jubilee Metals Share Discussion Threads

[frogkid] 26/7/2021 07:51

Some of the numbers are a bit wrong in that article but stunning nevertheless

[freedom97] 26/7/2021 07:43

"Anglo American Platinum 1st Half Earnings Soared":

[jackmya] 26/7/2021 07:20

Wow I'm surprised people still watch the lying BBC... Wonder if we will get JLP results this morning if not this week

[grand plan] 25/7/2021 10:12

Oops - typo - I meant about 2%

[grand plan] 25/7/2021 10:08

Watching an article on the Beeb this morning about offshore windfarms and planning issues over the channels needed for all the wires to carry all that electricity to the onshore substations. It led me to do some digging around and I found an article (a couple of years old admitedly) which suggested that for ten years the construction will use about half a million tons of copper per year. That's approaching 5% of world annual production.https://www.woodmac.com/press-releases/global-wind-turbine-fleet-to-consume-over-5.5mt-of-copper-by-2028/

[adejuk] 24/7/2021 16:09

jeez gfr. i took off my yamulka to respond to that

[frogkid] 24/7/2021 08:38

Flippin eck, really looking forward to seeing our numbers.

[gsg] 24/7/2021 08:21

More evidence that companies in the SA PGM space are raking it in. Even Royal Bafokeng doubled its net cash and are able to pay a maiden dividend.




RBPlat to report huge lift in basic interim earnings as PGM prices flourish

By David McKay -July 22, 2021


ROYAL Bafokeng Platinum (RBPlat) will report interim basic earnings as much as 450% higher year on year owing to improved prices for platinum group metals (PGMs) and higher production.

The company said in a trading statement today that basic earnings per share would be between 1,800 and 1,860 cents per share representing an increase of 433% and 450%. This compares to basic earnings of 338 cents a share last year.

Headline share earnings would be between 1,795 and 1,850 cents a share representing an increase of 435% and 452% year on year.

Earnings were also affected by the premium earned on the partial buy-back of convertible bonds and a deferred tax credit. In May, RBPlat announced it had mopped up the last of an R1.2bn convertible bond after converting 29,837 shares equal to around R298.4m. The bond was due to mature in March next year.

Prices for PGMs continued to flourish this year, especially the so-called minor metals rhodium and ruthenium, after strong performances in 2020. Anglo American Platinum said in a trading statement on Tuesday that platinum had averaged $1,170/oz in the first six months of its financial year – a 37% year on year increase.

The palladium price averaged $2,641/oz, an increase of 23%. However, it was rhodium that stood out: although a minor metal in terms of its portion of total PGM production, it averaged $24,377/oz – an increase year on year of 171%, said Amplats.

Market strength of this nature is good news for RBPlat shareholders which were told in February their company would pay a maiden dividend for its 2020 financial year of 575 cents per share – about 50% of free cash flow before expansionary capital.

As of the first three months of its 2021 financial year, RBPlat was net cash to the tune of R3.9bn, a more than doubling over the R1.64bn position as of December 31.

It forecast an increase in production of platinum group metals by as much as one quarter to between 475,000 to 525,000 PGM ounces.

This was on the back of 1,354.4 cents per share in headline earnings for the 12 months ended December and compared to 50.4 cents/share previously. The group ended the year on December 31 with net cash of R2.24bn compared to R814.2m at end-December 2019.

The company is due to release its results for the six months ended June on August 3.

[adejuk] 23/7/2021 14:41

please peeps. can you get your dads to sort this out, bare knuckle :-)

[lostabillion] 23/7/2021 14:35

Try and be mature Deme1, it can’t be that difficult can it ?!?

[deme1] 23/7/2021 14:30

yeah up 3.5% today

yet Down over 60% since you invested.
Losta I am well gutted.

whilst you have been nursing losses, I made a quick £1100 on a SLP day trade, and am still well up on my JLP.

see you at 50p and that's JLP and AVCT

[adejuk] 23/7/2021 14:25

losta
i will be long gone from here i hope.
and Dec is short term
good luck

[adejuk] 23/7/2021 14:23

i hope my dribble is still warm by then :-)

[lostabillion] 23/7/2021 14:22

Ade, check both companies out come 31st Dec.

Good luck here.

Currently got Dimi1 trolling Avacta daily which might backfire on him if a few over there start to retaliate on this board.

Childish to say the least.

[adejuk] 23/7/2021 14:18

losta's investment is safe, although it will take somewhat longer to equal the potential returns from jlp
i don't know his age but i guess he is quite young, <60. so time is on his side.
more interesting is what the comparison will be in 2/3 years.

[lostabillion] 23/7/2021 14:18

Take a look Dim1 ;—)

[adejuk] 23/7/2021 14:15

indeed shev

[deme1] 23/7/2021 14:15

Losta you were put completely weeks ago.

good luck pumping money into a share your already over 60% down in, yet i don't suppose it matters when it's imaginary

[pshevlin] 23/7/2021 14:12

Top "real" ii there is young Slater who seems to have put a lot of faith in JLP. Lets hope he's a canny as his dad.

[lostabillion] 23/7/2021 14:12

All gone into AVCT this morning :—)

[nelson01] 23/7/2021 14:08

Lol.....what a dingbat.

[lostabillion] 23/7/2021 14:05

I’m back out completely now.

Trying to stay one step ahead of the sell on news brigade.

Good luck all, it’ll probably rocket now!