Member Info for BushyTailed

You need to read it properly Mikie... 5 years in 160 million spent

If you wasn't so ignorant, you'd be thanking me..I warned you of this years ago and now you have it in Black and White from no other than the Financial Times.

You 100% deserve it

Full article here

https://markets.ft.com/data/announce/full?dockey=1323-14010867-6IUG1QH4LK2G5BDBBT566GETV7

5 years of lies, unnecessary placings, zero return and continued omissions from Leon.

FT Markets Data

Jubilee Metals Group PLC

Funding secured for Kabwe Project and Acquisition

MAR 21 2019 10:58 BSTSource: RNS

RNS Number : 5953T

Jubilee Metals Group PLC

21 March 2019

Jubilee Metals Group PLC

Registration number (4459850)

AltX share code: JBL

AIM share code: JLP

ISIN: GB0031852162

("Jubilee" or "the Company")

Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR).

Jubilee secures funding to execute Kabwe Project

Acquisition of Sable Zinc Refinery

Jubilee is pleased to announce that it has executed a share purchase agreement for the acquisition of the Sable Zinc refinery in Kabwe Zambia. The refinery is situated immediately adjacent to the large stock piles of zinc, lead and vanadium that Jubilee has contracted from BMR Group PLC.

In making this agreement the Board is also pleased to announce that they have secured a combination of debt and equity financing to fully complete the transaction and deliver the Company's Kabwe project.

Highlights

· Consideration for the Sable Zinc refinery is GBP 9.16 million (US$12 million) in stage payments

· The Acquisition reduces the time to build the refinery by some 18 months delivering the first metal within a year from the Acquisition

· Overall project capital to produce first metal is significantly reduced to some GBP18.32 million (US$ 24 million)

· The project will ramp up over a two-year period from 20 tonnes to 40 tonnes per hour producing significant amounts of zinc, vanadium and lead

· Jubilee is financing the Acquisition and ramp up by an equity raising of GBP11.07 million (US$14.5 million) and a secured convertible loan note of GBP6.11 million (US$8 million)

· The Kabwe project is expected to significantly enhance Company earnings on the back of three revenue producing metals

Leon Coetzer, Chief Executive Officer, says:

"I am delighted that, after months of test work, flowsheet design and refinery acquisition negotiations, we can announce the full implementation plan for the Kabwe base metal project. My team and I are looking forward to managing an implementation programme to deliver to our shareholders this outstanding project on time and in budget.

I am particularly pleased that we have been able to secure the support of large institutional funders in the equity placing which, is testimony to Jubilee's Metals Recovery strategy and the quality of the Kabwe project"

Sable Zinc Kabwe Project ("Project")

The combined secured funding fully funds the Acquisition as well as the project capital required to implement the Project to produce zinc, vanadium and lead from the surface material at Kabwe. The Project targets an initial processing rate of 20 tonnes per hour producing a zinc concentrate and vanadium pentoxide before ramping up to a targeted 40 tonnes per hour pr

You obviously haven't been here for that long Gotreal.

Did you get spiked at 22p? Your knowledge of JLP prior to 2022 is very limited

They're not hoodwinking anyone, both Colin and Leon telegraphed their disposals at a very comfortable price

There's absolutely no way Leon could meet SEC standards, pink sheets maybe but that wouldn't exactly be a step up from AIM or Joburg.

I did suggest that the plant could running at above targeted efficiencies.

"Plant running at 110% capacity

So when roan produces concentrate and sells it when do you think JLP receives the revenue, is at point of sale to sable or when sable has further refined it and sold it with Roan getting a kickback.

Important questions as it impacts cashflow... There two separate processes which JLP have to cover the costs of in advance of sales proceeds.

Not many people here understand the cost implications of this structure but it's why they'll be more placings before the year is out, PGM's no longer cover the much coveted copper expansion.

Nice little sound bite

Tiverton... There's just too many experts in here to ignore pmsl

Wouldn't Marge be the temp cover for the long term sick leaver.

That'd be you banned then, constant ramping nonsense that has lost an absolute fortune.

Can you even spell irony???

Guvvi,

I just think there was just too much to get through on the last presentation to get it all out in under an hour. It was a big big update with a lot of parts... and then to deal with what was probably a barrage of ridiculous and rhetorical shareholder questions.

Imo peeps don't seem to have got over the last kor downgrade last year from 10k to 5k which massively overlooked the achievement of actually getting 6k out.

We know what the issues was with mobilisation and poor oxides leading to the slip from 30-10k and the fire which had absolutely nothing to do with anyone involved then taking it to 5k

A 20% beat on that just processing the ROM pad shows that either the plant is working more efficiently than targeted or the grade profile of the rom pad is improving beyond expectations as we work through it.

Seriously not worried here, more worried about my FRES holding tbh.

You want to be selling as close as you can get to 6.3p

Don't make be laugh at you again for being clueless rampers

Happier than you money Moneyman...I called the support again and the next resistance.

Watch me be "lucky" again for the 28th time.

VAT rebate from Kor is still be reclaimed and I expect that to pan out as it did for Yani by offsetting against VAT liabilities. Not entirely sure of the exact values but it should boos free cash flow by around 20 million top of the be low crude EBITDA examples.

All in all it's entirely plausible that HUM will make more debt repayments than the guided 77 million.

Literally worst case guidance is 82 million EBITDA. This is for this year which were're already a month into, not some jam tomorrow company presentation for 5 years time.

It's been a jam story for sure but the bread is literally getting buttered right now.

There's absolutely nowhere to hide on the guidance this time, that's for sure and imo it's there to be beaten.

165k worst case at upto 1500 AISC is serious bank.

165k x 500 is 82.5 million plus 20 million left from the placing and 7 million from held gold and it's 110 million.

77 million in debt leaves 33 million in the bank.

You can either do the same sum but based on more production than the minimum or a lesser AISC and it only gets more compelling. Risk has to be to the upside from it or one would think anyway.

Lol Mikie will it be for £2 a share too 🤡🤡