Jubilee Metals Share Discussion Threads

[lights out] 20/11/2022 14:17

Attributable earnings was £19mil - 6 months ending December 2021.
This year will be considerably more. Over 70 percent more.

[pshevlin] 20/11/2022 13:28

Does anyone take the Momentum Investor and are they still covering jlp?

[pshevlin] 20/11/2022 13:26

You'd better ask Warren Buffet about the market not lying aaspell. The market is inefficient which is how he made his money. I'm afraid you talk rubbish.Sooner or later the value will out and the warrants will be gone.When the are the share price may rise a bit too fast for you to get back in at the price you would like especially if it coincides with a new set of figures. In fact most warrants may be gone already because as far as I know no-one has done the calculation. Only the tranche up to January are a problem and we will see how many of those are sold. If there are a lot they could easily be picked up by a large buyer or even the company at a favourable price because if there are 40 million to come into the market (and only if they are sold) they will drive the price down to a level where they are not worth converting. After that there are a small number remaining, some at a higher price than the current share price
As to future warrants, hopefully Leon will have learned this lesson and issue very few and those at a more challenging conversion price. There is now far less need for them.
Nick Grant2. Your posts on this only started this November so either you haven't got the slightest clue as to what you are talking about or you know full well the potential and are just trying to get in cheaper.
Jojo. You are just a clown.

[lights out] 20/11/2022 07:01

Don't be so short minded.

Report from April 2022.

In the shorter term, analysts predict fast-paced growth, with sales of £160million for the year to this June, rising to £250million next year. Profits of £36million are forecast for this year, soaring to £68million in 2023. 

The group is not a dividend payer now, as surplus cash is ploughed back into the business. But Coetzer and fellow board members are keen to start paying a dividend in later years.

Midas verdict: Jubilee Metals has discovered a way to turn waste into valuable, high-quality metals and reduce miners' environmental footprint at the same time. The company has taken a while to prove its processes and gain miners' confidence, but much of the hard graft has now been done, interest is rising fast and the future looks bright. At 15.2p, the shares are a buy.

[aaspell] 19/11/2022 23:03

I sold. there are times to take your losses (or lock in some profits). for what its worth all of the optimists are welcome to their opinions. I do not disagree that JLP should be priced higher, after the warrants have expired and been held or sold.

The very simple facts are that if you held at 18p- 20p you've lost a paper profit of nearly 50%.

We can all look at what they say but the simple facts are the market doesn't lie - from 15p down to the 10's is appalling for what they should be worth.

I'll hold on until there is a definitive uptick past the 14 -15 p levels and buy back in - but until then I'm cash safe and can't understand this who continue to hold expecting what is now a 50% bounce.

[jojobaby] 19/11/2022 20:09

Well said nickgrant2

[nickgrant2] 19/11/2022 11:50

Strictly speaking, its a forecast.

Does it include/account for the recent stoppages?
I dont know if JLP have pre-agreed offtake prices or whether they sell at market price, if its at market price, what are the price assumptions that lead to that figure.

I am also curious about achieving 'nameplate capacity'. Achieved and then maintained or achieved for a short period only (in order to be able to publish they have achieved nameplate capacity)?

[lights out] 19/11/2022 09:56

You can't deny the $100 000 000 earnings coming end of June 2023. People have very short memories and get caught up in short term volatility when they should be keeping everyone of these very very cheap shares.

[nickgrant2] 19/11/2022 09:10

Whats to stop them issuing more shares or warrants? Nothing I can see. Has any formal commitment been made to limit future issues or how any future funding will be raised?

If a bid comes in and pops the share price up to 15p or 20p all the directors have enough shares and options to make a very tidy sum and move on to the next job.

Unless there is some unexpected turn of events it seems the short-term trajectory is down.

[inever] 18/11/2022 20:28

The warrant maturities are killing a share with low trading volumes. The RNS trading updates in the last 12 months were nothing but copy and paste jam tomorrow press releases.I was in here at 15.7p and enjoyed a short rise before selling out by the time we got to 12.7p.But this drop is really worrying for the production is now rising yet the share price keeps falling. Cobalt is the secret ingredient here but currently an endless increase in shares in issue is trumping that at present. It seems to me this BoD is ambivalent to the denominator side of the EPS calculation and current shareholders are suffering the consequences of that.IMHO of course.

[moneyman50] 18/11/2022 19:41

Agree we need quarterly figures-have e-mailed the company asking why these have not been published as promised -any defense to a cheeky offer would include publication of upto date figures etc

[goforgold1] 18/11/2022 19:19

Living of warrants another colin bird Company . Shares shares shares

[goingforarun] 18/11/2022 19:09

Understand how to value a company but when the share price is flooring it, a cheeky offer could take this out cheaply. We have nothing published to show the real value…isn̵7;t the usual phrase jam tomorrow? Now,if we had quarterlies showing progress then the picture could be different!

[timhigginson12] 18/11/2022 19:06

It is very comforting to know that JLP could purchase 70m shares for cash already held.

The shares could be held in treasury as there are always bonus shares being issued.

I'm sure the numbers for the half year to Dec will be better than the equivalent period last year. It will be nice to have the expansion plans for Za, the PGMs in the eastern? bushveld, the cobalt position and dare I mention it Dilakong clarified.

Meanwhile 11p is a currently justifiable share price rising to 17p during 2023.

[moneyman50] 18/11/2022 18:23

Goingfarun-any takeover bid if forthcoming would be based on the underlying assets of the company,its IPO and future earnings stream and not the warrants outstanding which represent a very small percentage of the total number of shares in issue

[lord gnome] 18/11/2022 18:03

So the smart move might be to garner your cash until 22nd January and see where the share price is by then. It might just be the bargain of the year. Warrant holders could just be selling enough to pay the cost of conversion, running the balance for free. I for one, wasn't aware that we had so many warrants in issue with a deadline day looming. My bad, hoping it might come good in January.

[goingforarun] 18/11/2022 17:52

The other ironic point is Leon saying that someone is going to have to pay a lot to take the company over. It’s going to be a lot less by January!

[21ant] 18/11/2022 17:48

So, I've looked at the outstanding warrants as of year end and checked all the exercise RNS we have had since.
It is clear that the ones at
6.12p have now reduced from 63,661,944 to 44,368,877 expiry 19 Jan 2023
3.38p have reduced from 10,000,000 to 5,000,000 expiry 28 Dec 2023

which leaves a total of those combined at 49,368,877

In addition to those there are
750,000 @ 3.40p due to expire on 22 June 2023
4,036,431 @13p due to expire on 21 Jan 2024

So,the ones remaining posing an immediate threat are the ones issued at 6.12p and they are reducing gradually. Total sell off depends on whether they feel the share price will keep them in profit by Jan or not!! I imagine any positive news they would sell straight into.

There is one other lot that might explain todays sell off and I would expect another RNS if so.

7,818,750 @ 4.00p that are showing an expiry date of tomorrow (19 Nov 2022) and as far as I can see there is no RNS for those!

[pshevlin] 18/11/2022 17:38

Perfect storm. Falling share price partially due to expansion putting profits on hold and possibly 40 million warrants being exercised at a stupid price. I wish I had a pile of cash now as I would be hanging on until January and slapping the lot in when this has finished. Perhaps the management thought we would still be on an upward path but if so they were very wrong.At least they shouldn't drop much further as the warrants would be useless. However we still don't really know how many of the tranche expiring in January have already been sold.

[goingforarun] 18/11/2022 17:21

8% off for 4m warrants! How low is this going when the rest are exercised. Management response, somewhere between couldn’t give a stuff and couldn’t give a stuff!

[sleveen] 18/11/2022 17:07

Any more warrants remaining?

Just thought I'd repost an earlier post:


"sleveen - 10 Nov 2022 - 07:11:12 - 48921 of 49111 Mighty Oaks from Tiny Acorns (Moderated) - JLP
Main issues for me:

New Cu refinery and funding particularly (last refinery Roan, needed $30m placing to part fund)?

Recent warrant exercise @3.5p, will they be sold or held?

Direction of metal prices, will they stabilise at or above current levels (clearly not JLP control)?"

[pshevlin] 18/11/2022 16:39

Roll on January 23. Maybe they will hold off for the moment in expectation of a rise. At least one bloody lot has bitten the dust.Should have seen it coming but I'll be paying very careful attention to warrants in future.

[aceshi] 18/11/2022 16:35

MoneymanWas never really a Birdman fan myself but shareholders have taken one of the two biggest hits in 15 years, since Ollies arrival, so nothing too positive there.Sure, JLP has the fundamentals to turn this around but I doubt that's going to be any time soon and mid term sounds rather like "jam tomorrow" to me. Edging closer to that 7p, perhaps by next Friday?

[robers98] 18/11/2022 15:23

Roan’s success to be duplicated in north

With diversified metal recovery business Jubilee Metals Group’s flagship copper processing project, Project Roan, in Zambia, reaching nameplate throughput last month, the company is aiming to replicate a similar model at a larger scale at its northern refinery.

Roan is part of Jubilee’s southern copper refining strategy, and the predominant supplier of concentrates, produced from perceived waste (material previously regarded as too complex or off spec), to the company’s copper and cobalt Sable refinery, which is adjacent to Jubilee’s Kabwe tailings resource.

[lights out] 18/11/2022 14:55

It's very irritating that I've been holding on for 12 years and now someone is picking up these shares for peanuts and it will probably go much lower. Extremely disappointed.