Jubilee Metals Share Discussion Threads

[nelson01] 27/7/2021 08:18

They were a good buy at 60p but they are a one trick pony and seem to have no interest in expansion, not in the same league as jlp.

[jackmya] 27/7/2021 08:12

17% slp down at the moment

[frogkid] 27/7/2021 08:12

Not that well as it happens

[charlie9038] 27/7/2021 07:33

Be interesting to see how SLP goes today with their TU, but as far as JLP goes who knows.
Have a good day

[freedom97] 27/7/2021 07:31

Good to see the 1m Buy @18.25 go thru after close yesterday, that's £182,500.

[jackthecat1] 27/7/2021 07:05

SLP results out. Any pointers to what we can expect from JLP?. They seem a bit muted to me imo.

[kennyp52] 26/7/2021 18:48

Excellent posts lads . Keep it up . Be good to compare the actual financials when we get them . Going to need the cash flow to keep the projects moving forward but it has been a transformational last 18 months. share price 25p - 30p is strong possibility this year.

[jackmya] 26/7/2021 16:56

Thank you Bullster for you analysis. Much appreciated.

[millwallfan] 26/7/2021 15:26

Bullster, thanks as always for your latest posts. Wow - your estimate is for 500% growth in income (which we have seen is not unusual from other companies known results). Even allowing for some increased or indeed unexpected costs any ‘actuals’; even close should underpin a decent uplift in share price and also bring us interest from some new investors, especially if a small divi is announced. Many on here have been expecting us to hit 25p and hopefully the results will prove to be the springboard.

[homeytheclown] 26/7/2021 15:00

Leon recently said the PGM production estimate is above 50,000 oz for the year ending 30-Jun-2021. One could assume Leon expects an amount above and close to 50,000. If the estimate was above 55,000 oz, I think Leon would have said so. This implies that the half-year ending 30-Jun-2021 production estimate to be 23-24K oz.

My estimated PGM earnings are GBP 1,600 oz multiplied by 23,813 to give GBP 38.1M earnings for the half-year ending 30-Jun-21.

I would be hesitant to predict future PGM earnings until there is some clarity regarding the Eland operations.

[johnbull1] 26/7/2021 14:30

Bullster, I like your analysis. I fear you'll be too high on PGM. If there's a shutdown upgrade for Inyoni (which I'm sure they were going to be) then we won't match H1 vols 28k. So maybe we can do 24k * higher basket price of £1750/oz (I calculate, and check vs what they historically received) - £400 cost/oz (higher due to higher Windsor mix) = £32m. But I obviously would prefer you to be right.

On the plus side, even with the lower basket price (I now estimate the received price £1470 at $18400 rhodium, $1060 platinum, $2600 palladium), we are looking at a PGM business now annualising at £80m pa (i.e. 75k expanded vols * (£1470 rev/oz - £400 cost/oz).

[highly geared] 26/7/2021 12:24

c. £90 Million FY earnings. Current PE 4.5 ...

[goingforarun] 26/7/2021 11:52

All we need now is confirmation! Taking their time!

[bullster] 26/7/2021 11:46

.
.

We have had 5 good months in H2 to build a solid gain in average BBI.
BBI H1 = $2.368, BBI H2 = $3,650

We produced 28,187 pgm oz for $38,104,000 earnings in H1, we are on track to match those ounces in H2 but at around $1,282 per ounce more in earnings.

We produced 319,834t of Chrome for $1,397,000 earnings in H1, i am expecting 400,000t in H2, at a 40% higher margin due to better contract pricing and the rise in chrome prices.

Copper and cobalt earned $2,502,000 in H1. although Roan will probably only get traction for one month out of the six in H2 i still think it will produce an equal tonnage as the ongoing production of H1. The average price of copper has risen by 30% between H1 and H2 with our as yet unfathomable cobalt rising also.

This is how i expect earnings to compere:-

H1 H2 F/YPGM $38,104,000 $74,239,734 $112,343,734 CHROME $1,397,000 $2,446,000 $3,843,000CU/CO $2,502,000 $5,600,000 $8,102,000F/Y EARNINGS ESTIMATE TOTAL 2021 : $124,288,734 GROSS ($25,230,000 F/Y 2020)







.
.

[gsg] 26/7/2021 11:37

Merafe trading statement. More evidence of turnaround in earnings for SA resource companies.



Shareholders are hereby advised that for the six months ended 30 June 2021, Merafe is expecting to report:

basic earnings per share (“EPS”) of between 19.2 cents and 26.8 cents compared to basic loss per share of 38.3 cents for the prior comparative period; and

headline earnings per share (“HEPS”) of between 23.1 cents and 23.3 cents compared to HEPS of 1.1 cents for the prior comparative period.

[bullster] 26/7/2021 11:19

PLATINUM
49%
@
$1,062.00
$520.38


PALLADIUM
40%
@
$2,630.00
$1,052.00


RHODIUM
9%
@
$17,500.00
$1,575.00


GOLD
2%
@
$1,809.60
$36.19





B.B.I. =
$3,183.57

[gsg] 26/7/2021 11:19

Leon, hint, in case you've lost them.

Here are the AIM regs re RNS submissions.

RNS Submit allows you to control when your announcement is released. Three options are available:

• Immediate release.

• Telephone embargo - your announcement will only be released when RNS Customer
Services receives a verbal authorisation.

• Embargo - enables you to specify a time and date in the future for the announcement
to be released."

[sb] 26/7/2021 10:18

There is no definite date, so anything anywhere is sheer guesswork.

[21ant] 26/7/2021 09:44

Just logged into my stockopedia account and it still suggests 19th July as it always has so any day now I would assume. Not sure where 26th Aug has come from??

[adejuk] 26/7/2021 09:25

aug 26th ? doubt it. aal are huge and already out with theirs.

[wet your knot] 26/7/2021 09:22

AAL interim results this Thursday 29th July.

[johnbull1] 26/7/2021 08:40

Guys, does anyone know how long Inyoni was going to go do for the volume upgrade this half? Last time they did something I seem to remember it was at least several weeks, so it's possible the PGM vols aren't great this half even with them continuing to run Windsor. Perhaps 20k * £1350 profit per oz (I reckon PGM oz rec £1750 over the half) = £27m.

Then chrome, copper etc on top. I calculate H2 PGM will be more like £38m (even with the recent drop in PGM basket price). The stock is on 7x PGM earnings, so we are getting the copper earnings/story for free. Plus all expansion into other global tailings. Plus a monster ESG angle.

[charlie9038] 26/7/2021 08:36

half year earning results must be soon

[pshevlin] 26/7/2021 08:17

It's a very long shadow at the moment Ade.

[adejuk] 26/7/2021 07:59

i hope we shadow them