Member Info for cneighbour

Medium to long term holds will pay off handsomely IMHO, As we know Helium is the only non-renewable element that once in the atmosphere escapes the earths gravity, that makes it a rare resource, once its used its gone !, so year on year will become more valuable and demand a higher price.

For anyone interested in investing just go to the company's website.
25 Mar Interim Results for Six Months to 31 December 2020
Posted at 07:00h in RNS by SiteAdmin
> Printable PDF Version

RNS Number : 4107T
Jubilee Metals Group PLC
25 March 2021


Registration number (4459850)
Altx share code: JBL
AIM share code: JLP
ISIN: GB0031852162

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH LAW BY VIRTUE OF THE EUROPEAN (WITHDRAWAL) ACT 2018, AS AMENDED. ON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.

Jubilee Metals Group PLC
(“Jubilee” or “the Company” or “the Group”)

UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 DECEMBER 2020



Jubilee, the AIM and Altx traded metals processing company is pleased to announce its unaudited interim results of the Group for the six months ended 31 December 2020, a period that has seen exceptional operational and financial growth. These results are compared with the period for the six months ended 31 December 2019 as the comparative period unless stated otherwise.

HIGHLIGHTS

Financial highlights
Six-month period under review

Jubilee attributable earnings (i) for the six-month period increased sharply by 212 %, to a record £ 30.9 million (ZAR 656 million) (ii) (2019: £ 9.9 million (ZAR 170.4 million)), driven mainly by increased operational output with PGM production surging by 34 % and increased metal prices over the period (iii)
Adjusted EBITDA (iv) for the six-month period increased by 237 % to £ 29.3 million (ZAR 622 million) (2019: £ 8.7 million (ZAR 150 million))
Basic earnings per share for the six-month period increased by 160 % to 0.91 pence (ZAR 19.21 cents) (2019: 0.35 pence (ZAR 6.09 cents))
Revenue increased 110 % to £ 53.4 million (ZAR 1.1 billion) (2019: £ 25.4 million (ZAR 439.4 million))
Operating profit increased sharply by 355 % to £ 25.5 million (ZAR 541 million) (2019: £ 5.6 million (ZAR 97.7 million))
Cash generated from operations before movements in working capital increased by 265 % to £ 28.8 million (ZAR 611.4 million) (2019: £ 7.9 million (ZAR 136.3 million)) (v)
The Group balance sheet strengthened further on the back of the strong operational performance, with total assets at £ 152.9 million (ZAR 3.1 billion), up from £ 131 million (ZAR 2.8 billion) at the end of June 2020, total equity increasing by 21.3 % to £ 114 million (ZAR 2.3 billion), for the same period, maintaining a high 75 % equity ratio (30 June 2020: 72 %)
Cash and cash equivalents stood at £ 9.8 million (ZAR 195 million), with short term assets covering a healthy 301 % of short-term liabilities compared to 235 % at 30 June 2020
Why sell when you have these figures ?

#TRSA
Just going on general information around on the internet before the discovery of this resource, which makes this all the better as an investment for me

Helium is the only element on the planet that is a completely non-renewable resource, once it escapes it gets carried out of earths atmosphere, we have an estimate of 25 - 30 years resource left, with its continual rising demand prices have escalated enormously. that tells me i have invested wisely here, looking forward to the next couple of years and early retirement IMHO

Yes very informative and expectant of another RNS next week ? with more detail.

Patience required with this one, re-rate not far off IMHO

Shame on some of you, you would expect a slight delay with Covid / new project, share down 14% at a bargain price (IMHO) and you still want to drive it down further, GREEDY !!!

Topped up again, Bargain !

That's the AIM market for you, would expect a bounce back this afternoon seeing some big buys going through.

Confucius's sayings: "It does not matter how slowly you go so long as you do not stop", the share is slowly rising and this time it looks like it will carry on as the last permit is immanent and collateral to start mining is minimal.
Graphite is a commodity that going to be in great demand for years to come, and the graphite from this mine commands a higher price because if its quality
Be Patient, hold and in 6 months you will the smiling IMHO

Wonder what price this would open on Monday if the main licence was granted, anybody like to guess ?

Some quick profit takers here after yesterdays rise and you can't blame them really however those that have been here a while know this has a long way to go IMHO

More ups and downs than a rollercoaster this one, however i do believe we have not been up the large climb yet.

Thanks MM's, almost top up time !

bought in again at bargain price

The ESIA approval i believe is the last requirement for full licence approval, as it leads to being able to produce and make revenue for the Company and the Tanzanian Government it makes no sense to hold it back any longer than absolutely necessary therefore i believe it is immanent IMHO

This share has been steadily rising fluctuating between 1-2p, 2-3p, 3-5p over the last few years and now 5p plus for the briefest of moments until the imminent final licence and funding are sorted 7-10p ? and start of production is anyone's guess, any sellers are at this point in time are fools unless you are just consolidating some of your profits, however why would you when this is just about to take off IMHO

A lot of shares turning blue after a reddish start to this morning, lets hope this follows

#Aircooleddude,
Totally agree, Buys to Sells have been 2:1 for quite a while now, MM's are going to find it hard to keep supressing this share.

With the licence on the horizon i can't understand why anyone would want to sell ?