Jubilee Metals Share Discussion Threads

[aaspell] 10/8/2022 10:49

OK so in the scheme of things they switched to show an increase against the last 6 months rather than previous format which showed against previous years.

In reality Revenues for FY 2021 were £132.8 million against FY 2022 £131.3 million so pretty much turning over the same amount this year against last. Lot less PGM oz this year 2022 is 41,465 Oz when 2021 was 50,162 oz.

Partly offset by better margin this year with lower production cost and the fact that 2021 had no copper revenues whereas 2022 has about £10 million.

Also 2021 PGMs had a lot of shared third party revenues whereas 2022 is now almost exclusively our own product.

I'm sure someone who's a bit more accountanty can work out the profit and EPS from the figures v last years but in my opinion if we've stayed roughly where we are against last year - whilst expanding and losing production during the expansion period, and if copper is ramped up as projected then June to Dec 2022 should show significant increase in revenues and profits which taken forward to Jun 23 results should again show a significant increase against our best year of 2021.

Just my thoughts

[adejuk] 10/8/2022 09:31

tintin
it's only the 10th and our seller is still with us

[9tintin] 10/8/2022 09:03

Well guys sorry to put a downer on things, but the numbers are a bit (?) misleading, look back to the comparison with the previous full year - PGM production down, Copper production only marginally up, clearly switching nearly all of the PGM production to Inyoni has to be a positive with the reduction in costs, but it's taking forever to get copper production up to a significant level, only a token reference to the PGM basket pricing, which is where the damage is done. As usual it's a minefield trying to analyse the information, last years update repeatedly referenced year on year comparisons this time they only talk about the previous six months !!
The market would appear to be somewhat ambivalent to the news.

Jubilee is becoming a "Jam Tomorrow" story - IMO.

Certainly doesn't look like August will be the turning point, sorry Ade.

tintin

[briggs1209] 10/8/2022 08:55

I think it will need another 12 to 24 months for all the investment to pay off. Clearly the cash being spent is increasing oz's being produced but that is not yet producing more eps.

Moving in the right direction though.

Danger here from my perspective is that the increase production comes to fruition at the point that commodity prices drop off.

I continue to hold

[frogkid] 10/8/2022 08:43

Because there is nothing new LG

[lord gnome] 10/8/2022 08:28

And the market reaction is ..... meh!

[frogkid] 10/8/2022 08:01

Let's see whether the market reacts

[freedom97] 10/8/2022 07:49

Well, I think much better results than the market has been expecting, onwards and upwards for the share price now imo.

Well done again to Leon & Team.👏

[2vdm] 10/8/2022 07:43

Exciting year ahead

[tonytyke2] 10/8/2022 07:41

In these economic conditions these are very strong results imo, glad I was able to add shares yesterday.

[lord gnome] 10/8/2022 07:35

A very good update. They have delivered a lot in the last six months.

[gsg] 10/8/2022 07:26

A nice little snippet on cobalt.

"In addition, the Company looks to complete the testing and commissioning of the cobalt circuit on the back of the completed ramp up of Project Roan offering the potential of significant earnings contribution".

[frogkid] 10/8/2022 07:23

This is good "   Early results from the expanded Inyoni operations exceed expectations with a reduction of 34% in PGM unit cost of operations due to the increased PGM processing capacity and a sharp increase in the contribution from chrome by-product operations"

[1madmarky] 10/8/2022 07:16

Yeah, pretty much my take. Just feels like it takes forever to get anywhere

[frogkid] 10/8/2022 07:13

Positive generally, production costs down, Cu on target. Disappointed not to hear any Cobalt news. Disappointed not to hear from new Chairman. Underpins the share price a little above these levels.

[frogkid] 10/8/2022 07:01

There it is...

[pshevlin] 09/8/2022 11:22

Another 6.6k for me but showing as a sell.

[freedom97] 09/8/2022 09:04

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[the bull] 08/8/2022 22:38

I feel we have turned a corner. My other mining (metal) stocks all well up today after being in the doldrums. Despite the gloomy news, I believe we are in the right sector and I am looking forward to more gains this week. Due some update here, some expansion into other territories at least

[lights out] 08/8/2022 16:25

Yes Frogkid. I was hoping we would get the update today since they only now have to give 2 updates a year instead of 4 (quarterly). But the Jubilee Way is late reporting so i guess they being constant atleast...lol.

[frogkid] 08/8/2022 16:14

Nice one Lights Out. I only managed about a third of that. Yes I reckon this week for update, the delay caused by wanting to give a decent update with the new Chairman revealing his hand ..

[lights out] 08/8/2022 15:31

Frogkid,I did the same with Sibanye. Bagged 17 percent gain today as Jubilee has another poor day imo. I will be buying back into Jubilee as results should be out by Thursday.

[frogkid] 08/8/2022 15:11

Bangin bit of business. Bought a chunk of RIO and just sold into the ex divi rush, a dew more JLP for my pot. Almost back to where I was before now. Roll on the update...

[9tintin] 08/8/2022 15:08

Jubilee's share price seems to be tracking the BBI - all metals looking strong, though there is still a way to go !

tintin

[robers98] 08/8/2022 11:47

Recovery from 13p back to at least 20p if the large seller has finished.