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Bushy you are always stating that costs are raising but you always ignore the price of the PGM basket price is raising (and is forecast to continue to raise by metal specialists as the World recovers from Covid) revenue will be coming in from copper and money has been invested to make PGM basket production more efficient .In not too distant future with have the prospect of Cobalt revenue too.Jubilee unlike many AIM companies is very profitable with the strong possibility of large growth in revenue and profits over the next one to two years.
All recent fund raises by Jubilee have been for new profitable projects and not to keep the lights on like many small companies
Why do you constantly deramp here and continually talk up SLP or fail to deramp shares like Tharisa who both operate in the same sector in the same country as Jubilee and must also be facing similar cost increases.?
Nothing negative about saying that the company is seeking to raise upwards of 120 million GBP and that costs have risen
They're facts!!
Kaiser
What's 30% of the current mcap, unless of course you actually believe a nominal share price is the same as the trading share price?
This is to funny, you clearly haven't got a grip on anything have you?
Hi all why bother responding to Bushey he is out of his Depth and as with all dreamers will always give a stupid response, if you ignore him he will hopefully go away although I do like Kaisers responses as they are factual and confirms the reason why so many people are in this share.
I just want to know why people sell as this will be a great investment unless there is a black swan and even then people will look for companies who are profitable but more importantly generate cash. Good luck all
Linkie 72 -there is only one person here who is “spouting negativity” here 24/7 -namely Bushytailed .
Looking at the last audited accounts there are current assets of £85 million compared to current liabilities of £39 million giving net current assets of £46 million as at 30th June 2021 and of course the company has being generating profits since.The copper projects are also about to generate significant profits on top.Unless there is some major new project there appears to be no need for a significant placing and most expanding companies have resolutions at AGMs to issue new shares (if required ).Bushytailed (like his twin brother Plathunter previously on the Advfn board) has been spouting unsubstantiated negativity here for several weeks and at the same time trying to talk up shares such as HUM which will need serious fund raising to progress.
Looking through all the noise and opinions and negativity, I see no mention of the MASSIVE trust that Slater Investments have put into Jubilee by taking such a big chunk of the last placement. If I have to choose an opinion.... it would be that one! Just saying...
Bushy,
Here you go resolution 5 in it's entirety.
Jubilee Metals Group Plc (Incorporated and registered in England and Wales under company registration number 04459850) Share code on AIM: JLP • ISIN: GB0031852162 •
Ordinary Resolution 5 That the Directors be generally and unconditionally authorised, pursuant to and in accordance with Section 551 of the Companies Act 2006 of the United Kingdom (“the Act”), in substitution for all previous powers granted to them thereunder, (but without prejudice to the continuing power of the Directors pursuant to an offer or agreement made by the Company before the date this resolution is passed to allot Relevant Securities (as defined below)): (i) to allot shares in the Company or grant rights, warrants or options to subscribe for, or convert any relevant security into shares in the Company (together “Relevant Securities”) up to an aggregate nominal amount of £ 3 644 488 representing approximately 15% of the total issued share capital of the Company, as at the last practicable date prior to the date of this notice, pursuant to arrangements made between the 2021 AGM and the 2022 AGM; and (ii) to exercise all the powers of the Company to allot and make offers to allot Relevant Securities up to an aggregate nominal amount £ 7 288 976 (representing approximately 30% of the total issued share capital of the Company, as at the last practicable date prior to the date of this notice); and such authority shall, unless previously renewed, extended, revoked or varied by the Company in general meeting, expire on the conclusion of the next Annual General Meeting of the Company or 31 December 2022 (whichever is earlier) provided that the Company may, at any time before such expiry, make an offer or enter into an agreement which would or might require Relevant Securities to be allotted after such expiry and the Directors may allot Relevant Securities pursuant to any such offer or agreement; as if the authority conferred hereby had not expired.
Where is that a 150 million placing? It says that they can issue shares, it doesn't say that they will.
"I couldn't care less. Yes, it isn't what I would want, but if that supposed 150 million brings the company to a billion pound market cap from where it is now. I make double my money from here, where is the issue with that?"
Holding to be diluted when you know it's going to happen. Buying back after the shares are submitted for trading would give you 40% extra buying power.
The lower the share price goes, the more dilution is needed. There'll be many posters or just one or two people with lots posts to make and up votes to click who need the SP higher. Genuine investors who can think for themselves on the other hand will sell, make money elsewhere out of PGMS and come back after the placing.
PS "Why would they be a placing, where's your evidence"
A. Resolution 5 of the AGM
Hey Bushy,
Why do we need a big placing? You haven't put why? You also haven't put your source for said placing or is it just gut instinct? If you are on about a placing, pray do tell how HUM are going to fund their 51% of a 100 million mine, given you are making about 262 dollars an ounce for the last quarter which is about 5 million dollars profit a quarter. ;)
As for the loan, if they choose to dilute and it is a value accreditive effort, I couldn't care less. Yes, it isn't what I would want, but if that supposed 150 million brings the company to a billion pound market cap from where it is now. I make double my money from here, where is the issue with that?
Also you still are passing off opinion or thought as fact and I am still awaiting a link or you to debunk anything I have put about HUM or Jubilee, so crack on there.
I might have posted on the HUM page for your thoughts on there, let's see how you do there! ;)
Free money Kaiser, the best kind of money.
Big placing coming here, 150 million needed and the broker needs to keep you interested so they can dilute you. No bank has ever wanted to touch this company with a barge pole. Considering historically loose fiscal policies they've struggled to get anything more than a pre paid mastercard.
Why does this company want to issue up to 40% of capital this year rather than approach a bank, if everything stacks up like they say it does? No news here has always meant bad news and the Chairman has also quit whilst he's ahead too.
DYOR peep's there's some in here who are trying to take your eyes out.
That's me out of sbsw 24% in 14 days
Guess where those profits are going?
DYOR peeps, have a good weekend all.
Throwing good money after bad! ;)
Hey Bushy,
Please debunk what I have put then? If I am miles out, state why? Also please state why on earth I'd want to put any money into HUM, also why do you feel the need to post on a share that you aren't involved in, unless you are trying to drum up a means of reducing your losses in HUM? ;)
Basically, you haven't put ANYTHING to disprove my points at all and just stated that I will lose money, when my average is less than your JLP starting point.
I actually hoped for a reasonable debate with you as you are literally downright negative about Jubilee on the Jubilee chat site, which seems to me like you are either trying to state an argument or trying to coax others into something that you want them to do.
I hope that you read this and actually post facts in response, because that is what I have done and yet all you have done in return is say I am wrong without actually posting anything to show why I am wrong. Anyway, find me something that shows I am wrong and I will welcome that debate, until then, I may even nip over to the HUM chat page and tell people to choose JLP, as they will all be sitting on losses, as you are. ;)
Not as good as my Trac, but who cares. Why do you think people would be interested in your trades or portfolio, it’s not their money, maybe you don’t have anyone to discuss this with in the REAL world? DYOR, I do, so don’t need yours thanks. Have a good weekend too.
That's me out of sbsw 24% in 14 days
Guess where those profits are going?
DYOR peeps, have a good weekend all
You are miles out keiser.
What a load of absolute waffle, you're gonna get your pants pulled down i think.
Bushy,
It has already made me money, my average is actually lower than your 3p purchase, so......
At the end of the day, if you want to be taken seriously, post facts to back up what you are saying. Where does it suggest that the Elephants are dying out? Where does it suggest that Jubilee can't do what the BOD are saying that they can do? You post opinion and proclaim it to be fact without a single shred of evidence to back it up. I have stated facts in the difference in share price between Jubilee and Hum using charts on here, they are freely available for you to look at too to try to debunk my point, but you can't, so started saying that your average is 17p, which is a loss of 22.65%. Whether your Hum price is averaged at 17p or not, you are at the minute LOSING money, whether you choose to accept that or not it is fact. The share price in hum has gone from 22p to it's current 13.15p in less than 3 months and why is that?
An extract from Hum 3rd quarter results.
Q3 2021 updates:
Gold poured: 22,102 ounces ("oz") of gold poured in Q3 2021 (Q2 2021: 24,494 oz)
Gold sold: 22,255 oz of gold sold in Q3 2021 at an average realised price of US$1,782 per oz (Q2 2021: 24,790 oz at an average realised price of US$1,802).
All in Sustaining Cost ('AISC'): US$1,520 per oz for Q3 2021 (Q2 2021: US$1,386 per oz), the increase being due to lower production quarter on quarter ("QoQ")
Lower gold production QoQ
Continued investment in exploration and expansion capex developing future deposits of ~US$8.0 million, split ~US$4.4million at Yanfolila, Mali and ~US$3.6million at Kouroussa, Guinea
VAT payments of ~US$5.6 million and working capital movements, resulting in a net-debt, including gold inventory, of ~US$1.0 million
The highlights for me are as follows:
So an all in cost of $1,782 and selling at $1,520 so a profit of $262 on ounce of gold and even with the lower AISC and higher basket price from the second quarter you are making a profit of $416 an ounce produced.
Less production quarter on quarter.
8 million dollars on expansion and drilling in a quarter.
And your operating mine and source of income has a current life of mine of 2 years, based on your approx 20koz of gold per quarter and a mineral resource of 164.2koz, without expansion into other areas, which will need money spending on them.
Vs Jubilee
$21 million over 11 months at Inyoni,
Jubilee produced over a year 50k+ of PGM's at an adjusted all in cost of $537 with a PGM basket price per ounce of $2,248 for earnings of $1,687 per ounce produced.
We have got Sable up and running at contributing before Roan even gets started, let alone the elephants who have a proposed life for 25+ years.
I wonder which will get the best results and market cap moving forward?
He sold at 6p, don't believe it...
Kaiser i held here from 3p to 16p and slp from 15p to 125p Because they were cheap and undervalued. Can you guess why I've been buying hum for over a year now with an average of 17p which is well within your stated 20% jlp comparison.
Wind the clock back as much you want, it won't make you any money
SBSW have potential strike issues planned for their mines, so will you keep all those potential gains, if strike action happens?
As for SLP, they were oversold, so of course they were going to get a bounce, especially when combined with PGM prices rising. That is a given, but they still lack Jubilee in terms of technology and IP, with them still finalising and commissioning a fine chrome plant, which technology Jubilee has had for a number of years. Additionally Jubilee isn't far behind in terms of PGM's produced now and with copper production it could potentially be in a place to buy out SLP in the future or more likely merge the two companies into one massive company that way they aren't cutting off the other's nose to spite their faces with the tailings dumps/ROM efforts and combined they would be able to utilise the other's facilities and potentially be in a place to get their own smelter to smelt their own PGM's, as production would be in the 100 - 130koz range on a year by year basis.
Also I understand the fact the Jubilee didn't drop to levels in terms of the share price that SLP dropped to and that Jubilee bounced within a range has clearly eluded you.
As for CEY, they are a great business, but will need to spend a lot of money to progress the mines for the future, which means that the dividends might suffer moving forward, which may ultimately affect their share price and again they were oversold massively.
I do have a couple of questions for you, how has your other stock tip HUM done in the last 3 months in terms of percentage points loss or gain compared to Jubilee's 20%? ;)
If we go further back, say a year, how has HUM done compared to Jubilee?
Say we talk about the last 2 years? 3 years? 5 years?
Truth be told, if you had put your money in to Jubilee at pretty much any point in the last 5 years and not sold out, the last year aside with the spike up to 22p, into Jubilee, you would have made money. Aside from buying HUM at the right time and selling at the right time, you will have lost money in HUM. So before you stop spouting falsehoods and misinformation, perhaps you should go and get your own investment back on track. ;)
Also as for the elephants, there is some debate whether they can technically run or not, but considering they weigh about 5 tons, they can run faster than a human being and average African elephant life expectancy is 60-70 years, so...... A large, long life project that can move quickly when it needs to perfectly sums up Jubilee's elephants. ;)
Ps...Elephants are dieing out, not sure if you heard about it but very sad? People always cry when elephants get slaughtered.
Scarcity of resources is a problem for them too.
Sbsw up 25% in circa 2 weeks and SLP is up circa 20%
JLP has done nothing, so yes ignore me and never question why?
Elephants can’t sprint maybe -but they live and prosper a long time and are near the top of the food chain.Don’t be fooled by Bushy’s short term mentality -
It is gotreal...Guess where my sbsw and cey profits are going?
Oh cey, i remember giving you that one for free at 89p
This is doing nothing, don't be a fool earn some gains. Remember, elephants can't sprint
HUM down again... Now eff off Plat.