Member Info for Bluebelly

Jeffry.
Some shares spike up on expectation, maybe Kabwe will cause this due to the size of the asset. However, JLP doesn;'t appear to operate in this manner. The market is cautiously waiting to see the FY figures in Nov (June to June), which I don't think will be that impressive due to the PoP and Capex along with reduced revenue at DCM, possibly the same next year due to the expenditure on Kabwe up to June for the FY report. However Kabwe will be online and I see positive SP action if the other projects are already successful.

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Jeffry.
Some shares spike up on expectation, maybe Kabwe will cause this due to the size of the asset. However, JLP doesn;'t appear to operate in this manner. The market is cautiously waiting to see the FY figures in Nov (June to June), which I don't think will be that impressive due to the PoP and Capex along with reduced revenue at DCM, possibly the same next year due to the expenditure on Kabwe up to June for the FY report. However Kabwe will be online and I see positive SP action if the other projects are already successful.

BB

The old Jubilee Platinum has changed from Tjate and Conroast hopes. To a company that has Tjate mining license in it's pocket, if Platinum price should recover.
Jubilee Metals, as they're now known are evolving as a tailing specialist, in various metals. This will protect us from the price cycle of just one metal.
Each project gives JLP a little more knowledge & experience. This hasn't occurred overnight, hence the slow fall of the SP after the false spike on the Tjate mining license approval - Hindsight view!

If you decide to invest in JLP, IMHO, you are picking a perfect time, if you are happy to remain invested for 12-24 months. This is the period for JLP to be transformed to a mid cap company. Valuations could be any where from £100m upwards (7.62p).

I'm invested, so a very biased point of view. Please DYOR via official publications before making your decision.

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Hi Kalan, It's been a slow drift down due to the DCM & Hernic not being transformational. However, I do see some improvement coming, if DCM fine chrome works as expected and the PGM license is granted and Platcro proves a success.. Also Hernic maintaining it's output, but maybe a fine chrome circuit could go in there, but only when Platcro and DCM take over paying the overheads and maybe a bit of profit.
Kabwe is definitely the transformational project.
Although LC did mention 'Discussion with a large company nearing completion. This sounded interesting and maybe transformational - Any guesses.

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Lets hope there is some good news and progress on all fronts. We've had only two RNS's since the Q2 update. Both on Kabwe & BMR. Six in between the previous update and 12 prior to that. We have been starved of news lately. That seems more professional than giving out tit-bits.

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Just for balance, there has been only sells today, well one.
948 shares at 2.1701p, giving the seller £20.57 minus charges.

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Also:-
In addition to the aforementioned stockpiles, further aggregate stockpiles from previous mine operations including all surface materials at the Kabwe site, totals an approximate 6,4 million tonnes containing an estimated 356 843 tonnes of zinc and 351 386 tonnes of lead.

And the expected recovery rates, which JLP might have improved:-
Lead and Zinc extractions for the Wash Plant Tailings of 90% Pb and 79% Zn have been achieved. Recoveries for the Leach Plant Residue are in the region of 80% Pb and 50% Zn.

Kabwe is absolutely massive for little old JLP, when it becomes a profit making asset on the books.

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The RNS for the 23 Oct 17 appears to be missing from LSE site, here is the link to JLP's announcement. It won't copy and past in the same layout. Check out the two stockpiles of tailings, these are in tonnes:-
ORC Mineral Resource estimates on Zinc (Zn) and Lead (Pb) for the Kabwe wash plant tailings are:
Zinc - 61,147 & Lead - 41,345.
JORC Mineral Resource estimates on Zinc (Zn) and Lead (Pb) for the central section of the leach plant tailings are:
Zinc - 102,690 & Lead - 230,810
http://jubileemetalsgroup.com/investors/rns/joint-venture-with-bmr-group-plc/

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Hi Jeffry.
I wasn't going to invest anymore in JLP. I have a core holding of one million shares that I hope to keep until 10p+ is in the distance. Some will say that's pie in the sky.
The 208,896 shares will be a short term hold. Maximum 12 months, but I would be disappointed if this did not return 100% on initial investment of £4650.
4.5p would give us a m/cap of £60m.

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I tried to buy 200K shares earlier, but offered 2.38p. Thought I would leave it until Monday, but saw 167k sell and tried again. Got 2.22p, more than happy with that. I thought the bottom was a month ago, but with this market, you never know.However, I am happy to risk £4650 at this price.

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At 14.7p we can enter the FTSE Small Cap. Entry is presently at £193.5m
http://www.stockchallenge.co.uk/ftse.php
It's not out of the question but I won't hold my breath.
Kalan & Weeble generally get my head out the clouds with their postings.

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Sumo
I can understand your sentiment. We could have put our money in Ftse 100 divi paying company last October. We would have had 100% more in value plus the dividend. However, I will assess this holding over the next 12 months. If Platcro and Kabwe are not into production and adding cash to the companies coffers, along with DCM upgrade and Hernic. I would probably leave/reduce. I would expect to see a new high (>7p) as a minimum. Also we have been told of talks ongoing and nearing conclusion, whatever that may be.

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Although it is frustrating waiting for the updates. I see it as a more professional way to report as you become a more professional company.
We could have had an update on DCM with further comments on Hernic production and Platcro stockpiling, maybe even Kabwe, but we have been told what is expected to be going on and the Q3 update will tell us where we are now and where we're going over the next quarter.

Each Quarters report should now see us advance and improve on our SP.

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The closing price on Monday was elevated due to the buy/sell (2.6 & 2.3) mid price of 2.45p. We never actually traded above 2.4 on Monday. So slightly false. The buy and sell price has dropped, but not 7%.

Topcatz - let's hope so!!

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Hi Balone & Kalan. (iii)ODR here. Agree, III must have lost 90% of their hits on the site. I look in on the off chance, but it's dead. Why change a winning format?

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From quarterly update. Last year it was around the 25th October, just after the Kabwe deal was announced. Unfortunately, it's been downhill ever since.

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Hi MH.
I've re-read the RNS of 6/8/18. It does state that the Zinc circuit construction is continuing as the enhanced zinc & lead circuit allows this to happen. Commissioning Q3 2019.

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Of the last 15 trades, 6 have been under 1000 shares, trades of less than £22.
1 trade for 59p and another for 78p, what is that all about?
MM's creating a market?

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MH, can you be sure construction is underway for the Zinc circuit? I was under the impression that the old design had been binned and we were awaiting our own test result to assist with the design.

It has been almost twelve months since the announcement about Kabwe: The positives. We have increased our stake for not much outlay and BMR have no control or input over it. The negatives. Our SP has reduced by 50% and Kabwe is no further forward in production terms.

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The future will see massive energy dumps where hydrogen is made to use up the excess generation. Why wouldn't you. It's either massive battery packs or a hydrogen production plant with every large wind or solar farm. If the grid doesn't pay you enough, produce hydrogen until the price is acceptable. Exciting times for renewables. The big oil companies must be looking at diversifying. Will they move into hydrogen production and distribution as they already have the fuelling networks. Matbe petrol station will have hydrogen plants to use off peak!!

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