Member Info for Bluebelly

A swift million shares sold at the close in the last 5 trades!

Maybe that's it, but I doubt.

Sold my other share today, to buy here, buying @4.58p seems like a win win situation.

BB

' Project G will ramp up over a 6 month period to reach 3 000 tonnes per month of pre-concentrate material through a Jubilee on-site module, and delivery of an additional 350 copper units per month (4 200 per annum) to Sable for further refining.'

'The project plan for Project G targets to expand the existing open-pit operations to achieve an initial mining rate of 10 000 tonnes per month by February 2025. Project G includes an on-site upgrading facility capable of pre-concentrating the mined ROM material with an immediate capacity to produce 3 000 tonnes of copper concentrate per month, containing 10% to 15% copper.'

So 10,00t/m ROM gets processed on site to produce a 10-15% concentrate that will be transported to sable to produce 350 copper unit/m. Are these copper units the 'Copper cathode' that Sable produces (14,000t/yr capacity). 4200t/yr/65% increase when ramped up for an outlay of $2.5m.

BB

Brilliant!

BB

Edzi: 'Now we all now why the Company didn’t give proper figures in the quarterly results as costs and overheads have gone through the roof more smoke and mirrors.'

Is the Capex included in the costs you state or is JLP actually struggling to make a profit in each metal group?

BB

Shareholder value?

Why is the market not ‘forward looking’ wrt JLP?

Lots of previously RNS’d items have disappeared without further comment/explanation's.

Dilution is excessive, surely a finance deal would be possible if the books balance.

Hopefully the bottom is in & as production improves the targets will be adjusted up and then reflected in the SP.

BB

'Shares over cash might be a condition of the buy in giving JLP no choice.'

Extend the due diligence period until the SP recovers to 7-8p as per the initial Project M price. It's not cheap (first mover advantage) if we're issuing approx 70% more shares than originally planned.

BB

'Project G is the second open-pit mining operation being evaluated by Jubilee. The Company is nearing the completion of its due diligence, which has included full-scale processing trials at the Sable Refinery. A final decision on Project G is anticipated by the end of September 2024. The due diligence focuses on an initial mining rate of 10 000 tonnes per month achievable by February 2025, with an existing on-site upgrading facility of the run-of-mine material which already can produce 3 000 tonnes of copper concentrate per month, containing 10% to 15% copper, for refining at Sable. The lower grade copper reef will initially be stockpiled at source for future processing through the regional processing hub.'

I would like them to pay cash for this project as money should now be flowing in. Even if the cash is earmarked for other expansion projects over the next 12 months, we wont be spending the $19.3m by xmas.

BB

Edzi: 18-20p right now would be snapped up by myself, as time is running out for us older investors. I was middle aged when I fell for the JLP story, Conroast & Middleburg etc. Look at the company's progress, massive in terms of assets & production, but no real share holder value achieved, unless you held through covid, I didn't unfortunately. This could be £1 in 5 years or 20p, depending on the share dilution over the next 12-24 months. Either way (20p) 300% is better than the building society.

BB

20330 shares.

I feel it's worth the risk. It probably means it will go lower on the results. JLP have been quite leaky in the past.

BB

'Jubilee has reached agreement to extend the due diligence period to 6 November 2024 to accommodate the extensive test program which culminates in a full commercial trial of the large Waste Rock Material through the newly commissioned Roan front-end module. It is planned to process approximately 15 000 tonnes of the material at Roan as final confirmation of the response of the material to the proposed processing solution. Due to the initial delays in the commissioning of Roan it is expected that the due diligence period will be extended to January 2025'.

JLP are ensuring it works & rightly so. The extention is needed as the trial will start in November. Everything should be confirmed shortly after Jan 2025. We either take the financial hit as it's not as good as believed or we sign up and progress as expected.

BB

Dorfan01: Thanks for the reply. I believe that is what I said about profits to JLP after costs recovered 'Jubilee will recover any cash spent prior to profit share.'

If they could get a business loan for $50m now that the Roan Front End addition is proven to work and then take 100% of the profit - That sounds a better deal to me!

BB

'· Under the funding term sheet IRH undertakes to provide all capital required by the SPV through a combination of equity in the SPV and shareholder loans.'

Maybe $35m buys IRH the 70% equity stake in the SPV. Jubilee will recover any cash spent prior to profit share. JLP may have an improved bargaining position with Roan at nameplate capacity & 30% profit share is not worth their effort over the duration of the project???

BB

Seis, good point. As ever we are left guessing. I'm patient enough to give it time & will continue to add when funds allow.

BB

Seis, we still haven't been notified of the issue of the extra shares (32m ish) for Project G:

'Acquisition Two in the amount of US$2.1 million will be settled through the issue of approximately 21 135 517 new Jubilee ordinary shares (assumed at the Issue Price). The final number of shares will be confirmed upon conclusion of Acquisition Two.'

So I don't think it can be that shareholder selling yet. That cost has effectively increased now to approx £3m (+50%). Are we getting it cheap via first mover advantage, when we issue shares at a low sp. We could wait to buy these SSM until the SP is at a higher level even if the price was 30% higher. Or we had finance at a high interest rate, money will flow in now to pay that off quickly.

BB

You're right, Kalan

I missed the one on the 14th Feb. It's as clear as day on my works PC. Missed it yesterday at home. Let's hope it proves to be good support.

BB

Are we looking at tripple bottom?

Since the low on the 5th Feb & 28th Feb 24

BB

It'll be interesting to see what the FY2024 results have the EPS at.

It's more about where this is heading over the next 24months for me though.

Then job share or total retirement???

Come Jubilee METALS (We are not just Platinum)

BB

101486 shares @ 4.915p

No more top ups

BB

HD43: Don't get too hooked up on PE ratios. Let things progress & see where we are heading in 6 months.

P/E ratio calculation

The P/E ratio is calculated by dividing a stock's current market price by its earnings per share (EPS). EPS is calculated by dividing a company's net income by the total number of diluted shares outstanding.

P/E ratio limitations

The P/E ratio doesn't account for a company's debt levels, future growth prospects, or industry-specific factors. It can also be misleading for companies that are reinvesting heavily or experiencing temporary downturns. For example, a company that invests heavily in new markets may have a high P/E ratio even if its earnings are low.

A lot of money is also leaving the FTSE, due to poor valuations and jumping through hoops. We might be undervalued due to that, but it will swing the other way and probably go to high. I missed the last opportunity, I miss the next!

BB

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