Member Info for dorfan01

Foxy
Anyone using a chart to make decisions should in my book not buy a fast growing company like Jubilee.
If you sell I believe you will regret it

Homey While I have always believed that shareholders in Jubilee are not receiving the full picture of where the company is heading , and are required to read into the RNS their own estimate of future earnings,it actually boils down to whether you trust Leon to take this company to the levels of a BHP in the tailings industry.
Personally I do,so I am not a seller of the shares I hold. There are always 3 options BUY SELL or HOLD.
If you have a different view to me consider selling your shares. Only time will tell who has made the best decision.
I am as fed up as any shareholder that we have a share placing (and we are not even asked to participate) when the chairman has said NO PLACINGS ,but maybe foolishly I think the bigger picture is so good that I am prepared to live with bad communication which dogs the company
I would certainly value your thoughts on the bigger picture as I have little doubt that the latest RNS amounts to a massive increase in earnings from copper and cobalt.

No doubt many will be disappointed with the placing BUT I believe it is acceptable as it rapidly improves Jubilee 's ability to enhance earnings.
The copper and cobalt earnings will soon exceed earnings from PGM'S being produced in South Africa,and do appear to be the right metals to invest in at the moment.
Any fall back of share price to the level of the placing price will constitute a buying opportunity

Sumo
You must be kidding. The only reason the share will increase by 5c is with increased earnings.The only benefit Jubilee will get from the business world ,by cleaning up of Kabwe, which is commendable,is once they are successful with the clean up,the world will take notice and many more opportunities may come their way.
That is the way of the world I live in.

Jonah With the new website a lot more is disclosed.Zinc,Lead and Vanadium is under review(Whatever that means) I agree that a lot is going on but to me copper seems to be a priority,and Nelson I understand from the RNS about Mopani that they must have refining facilities in the area which makes copper production more exciting as it will speed up the production . c From the timetable of production of copper (without Mopani) on the web site, the profit figures from copper in 2023-2024 are unbelievable .DYOR

Happydays
Read the article posted by JLPpositive on PGM,s.
It contains an interesting article on Sibanye Stillwater at the bottom which in my book makes Sibanye one of the most under rated shares.
Great prospects and a possible 25% dividend yield

Hi JLP positive.
The article is extremely important to the future of Jubilee as it ,as I suspect,pinpoints the future of pgms as extremely bullish.
At the bottom is an article on Sibanye Stillwater well worth reading as it shows another company hopelessly under rated by the market.
I am not sure if it trades in London ,but it trades in South Africa under code (SSW )and in New York.
If the writer is correct with the final dividend it means it is trading with close to a 25% dividend yield with great prospects

mieshem I agree but the big money will arrive in the 2023 tax year and the 2024 tax year when the company will show massive profits from it's copper and cobalt production.
You need to exercise a little more patience and I have little doubt you will be handsomely rewarded

I am certainly missing my decimal points and the last post should read 69.6 million pounds

Mogli those have been announced at 69.6 pounds before tax head office costs and depreciation.
WH Ireland brokers note have provided about 12% for those costs

I think my post was too long so could not complete my final thoughts
96 Million is the same as WH Ireland which will mean an after tax profit of 76245 million pounds
I see I have become as conservative as WH Ireland

Mickie thank you for your kind post.
In a recent post I mentioned that I would in future not do any estimates of earnings for Jubilee due to lack of information from the company.
The new web site and Mogli's post have changed my mind and I will set out hear under my thoughts on future earnings based on the 2021 earnings figure and the WH Ireland brokers note.
I know I am optimistic to a fault,and have noted many intelligent posters on this site, so will be grateful for any positive criticism of my figures.
Firstly Mogli your figures are far too conservative and are even less, than WH Ireland's after tax earnings figure of 76245 million pounds.I will add that, the figure calculated in the brokers note was made before the two announcements made by the company which were certainly earnings enhancing. I refer to the agreements made with the parties on the East limb of the platinum belt in South Africa and MOU with Mopani in Zambia.
2020 Earnings were 69618 Million Pounds before tax,head office costs and depreciation from which if we rely on the brokers note will reduce to earnings after tax to be in the region of 61 Million pounds
The earnings in tax year 2021 came to 69618 pounds from the following sources.
Chrome 3082 pounds from 751223 tonnes of treated chrome tailings
PGM 62847 pounds from 50162 ounces (a bi product of the chrome tailings)
Copper 3689 pounds from 1387 tonnes of treated copper tailings
Applying the above figures to 2022 I make the following assumptions
1 Chrome -Jubilee can now treat 3 million chrome tailings per annum but are likely to treat just over 2 Million tailings in 2022.The profit should be in direct proportion to the tailings treated and I would expect from Chrome to increase to 11 Million pounds. One of areas we are uninformed about is as pointed out by Homey is when Jubilee will receive a % of the profits made and not a flat $20. As the price of chrome has recovered from the 2020 lows any % will improve my figure of 11 Million pounds
PGM This one is not so easy as we are very price and capacity dependent.I have made the following assumptions to arrive at my figures. With the new constructions and alterations to Inyoni, capacity will increase,while prices are lower than in the second half of 2021,they are also higher than the first half 2021. I therefore have only increased my profit figure to 70 Million
pounds for PGM's which I believe is very conservative as we should be increasing our Rhodium content with tailings from the East limb
Copper and Cobalt Figures from the web site suggest we will treat 4280 tonnes of copper tailings in 2022 ,18950 tonnes in 2023 and 29640 tonnes in 2024 so it can be seen what a major money spinner it is about to become.I also believe that the MOU with Mopani will increase the yearly figures and Jubilee should also make a start to producing Cobalt.
I have calculated earnings from this source to increase to 15 Million pounds.
I have not provided for Cypress or fu

When I do my calculations without considering Cypress and further deals which are bound to come along if Jubilee can only handle what they have at present,of course subject to the metal prices( which most believe will remain strong) of metals which Jubilee are producing, operational earnings if there are no hiccups will rise to a minimum of 160 Million pounds per annum (I say minimum as I cannot know the full effect of cobalt, zinc,lead and vanadium as well as a profit % that goes to the JV partners )Jubilee will be on a PE of 3 taking tax ,head office costs and depreciation into account.
Hardly a PE the market should be giving to one of the fastest growing companies in the WORLD.

Mikie where do you this information

I agree gotreal. After all the growth of Jubilee is amazing.
Hard to satisfy some shareholders

updated web site is
https://jubileemetalsgroup.com

Gotreal
I agree. I am sitting on my hands.
I believe that a lack of communication from the company is contributing to the fall.

Having read about the the new Zambian leader that is a bull point for Jubilee .
The bear point is no doubt China and a pull back in some commodity prices.
What annoys me the most is that as a result of poor communication with it's shareholders, most of whom have not studied the share in detail, the Jubilee board could also in part be responsible for the present fiasco.
They have such an amazing story to tell but are not giving the market the full story.
Could they not tell us, what our PGM capacity is at the moment,and if they intend to increase capacity, how that would reduce cost of production, as well give us an intended time table for increased copper and cobalt production
With the treating of 250000 tonnes pm of chrome tailings should chrome earnings not triple and what of the promised increased percentage earnings for the chrome
I am finished doing any calculations which is proving too difficult with the information I have.
I ask with tears in my eyes, treat your shareholders as owners of the company,which they are, and give us as much possible information as you can.

Homey
You may be right I hope not. Inyoni 2 to which I referred is the expected production from the new extension of plant as opposed to alterations made to the original plant. Both should give us extra PGM production. The problem as I see it is that we are all floundering because of lack of information coming from the company. Surely they could tell us how many ounces of pgm's they can now produce monthly. I have the same problem with copper they need to give us a time table of production ramp up as best they can. I have no doubt the pass on this information to the brokers to enable them to issue a brokers note.WHY not to us the shareholders. The only information which seems to be in the public domain is that Jubilee can treat 250000 tonnes of chrome tailings a month. What we get after that is a guess.

Hi Edzi
I feel the same as you .We are not getting the information we should from RNS"s.
I don't understand why they are throwing us crumbs of information. You are quite right about DCM and I am also upset.
I believe the share weakness may stem from poor communication from the company which is most unfortunate when they have such a good story to tell.