Member Info for Bluebelly

I don't want to join in the argument, but the WHI note is quite dated now. I'm sure the info regarding the Cobalt extraction process, still stands true. It would be nice to see an updated Broker Note to remain current on what is actually happening!

BB

207m shares issued at £0.06 = £12.42m
415m pre payment warrants paid for @ £0.0575 exercisable @ £0.0025?? = £23.8m
Then it states:
'One of the Ordinary Warrants so allotted shall entitle the holder to subscribe for one Ordinary Share at an exercise price of £0.08, and the other shall entitle the holder to subscribe for one Ordinary Share at an exercise price of £0.10.'
See below

For Ordinary Shares subscribed for under the Subscription Agreement, Armistice has agreed to pay a price of £0.06 per share. For Pre-Payment Warrants subscribed for under the Subscription Agreement, Armistice has agreed to pay a price of £0.0575 per warrant.



If the subscription obligations in the Subscription Agreement oblige the Armistice to subscribe for Ordinary Shares representing more than 9.9 per cent. of the enlarged issued share capital, Armistice will instead subscribe for Pre-Payment Warrants. Pre-Payment Warrants are exercisable at any time on payment of £0.0025.



Armistice will be allotted two Ordinary Warrants, for every one Ordinary Share or Pre-Payment Warrant that Armistice is allotted pursuant to the Subscription Agreement. One of the Ordinary Warrants so allotted shall entitle the holder to subscribe for one Ordinary Share at an exercise price of £0.08, and the other shall entitle the holder to subscribe for one Ordinary Share at an exercise price of £0.10.

Any thoughts
BB

Yes please!
But I'll settle for
Xmas 2023 - 29p giving a m/cap around £800m!

BB

The warrants will bring in about £2.28m.
Most of those warrants were issued at a premium to the SP at the time. There's no risk to the holder, but if the company's SP improves they become a good option. An incentive to part with cash at a time when funding is limited.

BB

https://twitter.com/jubilee_metals/status/1602248274416730113?s=61&t=_SHveOKsmZ2hjuMEG-bspg

BB

https://www.engineeringnews.co.za/article/uk-south-africa-to-establish-partnership-on-minerals-for-future-clean-energy-technologies-2022-11-24/rep_id:4136

BB

Our Northern Strategy tailing is 50% better and has no mining cost, plus the Cobalt - That is a win in comparison to XTR's Racecourse project. Don't know any details & I'm not knocking XTR. I'm just highlighting how good JLP future looks IMHO.

BB

A lot going on.
Measure twice, cut once!
Get the plans right first time for the Northern Strategy. I still believe Jubilee will come out of this, smelling of roses and the weak SP will be a thing of the past. A rising saw tooth always looks poor at certain points. Hold long & prosper!

BB

Warrant holders could be selling some shares at this price to buy their warrants at a nice discount & maintain their current position, plus freeing up a nice chunk of cash.

BB

That seems illegal! The shares are suspended.
Someone has got £200k for some shares valued at 0p, or someone has got cheap shares prior to some news and relisting at a higher price!
This should be explained.

BB

Whoops - Already posted - Sorry

BB

https://twitter.com/Jubilee_Metals/status/1587830362356428801

BB

This should be good news, then we can look forward to the interim results, which will be known to some in the know, around late Feb 23. The SP should be well north of here by their release around Mar 23.

BB

Results will be the driver for the SP over the next 12months. Nothing in interviews will move the price. JLP is now priced on its earnings and not potential earnings. The market will rerate after the results are released or possibly in the build up to audited results (Leaky).

Blue skies ahead IMHO!

BB

https://twitter.com/Jubilee_Metals/status/1582742417710538752

BB

Thanks to all for replies.
Happydays43, agree. Very interesting and one of the reasons we hold and buy more as funds allow.

BB

Does anyone have an idea what JLP's estimated earnings are for the next 12 months period? With or without Cobalt production that may occur.

BB

Assuming 10% of cobalt production capacity: US$ 92 million
Assuming 100% of cobalt production capacity: US$ 126 million
Old exchange rate: approx $1.35
$92m = £68m
$126m = £93m
Current exchange rate: $1.10
$92m = £83m
$126m = £114m
With a market cap of £313m that is a PE ratio of around 3 or 4

BB

https://www.bloomberg.com/news/articles/2022-09-21/copper-prices-fall-despite-signs-of-looming-crucial-metal-shortage#xj4y7vzkg?%23xj4y7vzkg?=true&sref=fL087TYC%23xj4y7vzkg?%23xj4y7vzkg=true&sref=fL087TYC

https://twitter.com/Jubilee_Metals/status/1575058407819616257

Hang in there, JLP will gain massively when the point on inflection is reached.

BB

Delayed Financials 12th Sept, due by end of the month - 3 days to go!
Operations update didn't help SP.
Anyone worried why they have delayed them?

BB