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Kalan, if you hadn't tried that schoolboy wheeze... "Also a correction to my post I said 9.5p target in 18 months and WHI indicate 3 years to reach 9.9p (albeit a conservative estimate). " I wouldn't have had to correct you.... and Bushy who, "oddly", tried to obfuscate to cover your back. Why is it that certain posters seem to just post "untruths" all the time..... It has reached the point where everyone here knows their agenda and so it really is quite pointless apart from wasting the time of those who will continue to correct the lies. You try to portray the Kalan avatar's character as thoughtful and conservative so your comments have gravitas and you are seen as a voice of experience... It didn't really help with JSE, or WRES, or SAV or GLR now did it?? 😉
WHI value JLP at 9.9p NOW NOT in 3 years ........ you are emulating Bushy..... and fully risked, with a large upside when more concrete information becomes available. "...there is plenty of upside if Jubilee achieves its production goals" "Jubilee’s NEAR-TERM growth potential is real and based on already-secured feedstocks; although capital investment will be required to deliver the growth strategies, capital demands are not expected to be too onerous. We have HEAVILY RISKED the Munkoyo and Waste Rock projects pending a resource update and information on how the material responds to the proposed processing circuit." Also, Paul only takes 30% profit share into account for the ROM project when with services fees to design, operate and manage it it will be more like 42%
Now, you wouldn't want to try to put a damper on a positive report, Kalan, would you....?? 😉
To be clear, I am not suggesting the basic business model is speculative at all, IMO it is a sure fire winner. But what it is worth at any point in time when basically it is still in the traps from the point of view of commercials is anybody's guess and therefore the price will fluctuate until there are some concrete data points to judge it upon. The market seems, in the last couple of years, to have the mood to discount future prospects heavily until they actually come to fruition and real numbers are reported. What may seem like a no brainer to you or I still requires volume sales and some big name uptake.
ChesterGreen, spot on! Bushy is so full of it...... It IS cash flow positive NOW! Page 22: FCFPS (Free Cash Flow Per Share) - 0.3p
Bushy is reading net cash as being cash flow (p.1) whereas it is cash and liquid assets minus current liabilities. The relevance is in the Cash Ratio - cash and liquid assets OVER current liabilities. As Chester points out the actual figure for net cash is (34.6) and the Cash Ratio is 32.9/67.5 = 0.49. While there is no precise figure for a cash ratio that is considered ideal, a realistic favoured cash ratio is generally between 0.5 and 1. This suggests that the business is capable of paying its short-term debts and freeing up liquid capital. We have nothing to worry about I assure you!!
sign up here to access all 32 pages of it: https://*********************/companies/uk/industrial-metals-nonferrous/jubilee-metals-group-plc/research/whireland/jubilee-metals-converting-liabilities-into-assets-and-cash/41_2024022103573276180
"I never sold ,, sheep are stupid .
£2
Castle"
When a situation is as speculative as this the wise bank profits and buy back in cheaper. Who knows what the company is worth .... at the moment it is pure speculation and hope value.
Fulham John... "That's nonsense - there is no numeric percentage of creditors that need to agree. It is purely on value and that value is 75%" 🤡
Wrong .... hydrogen will be burnt directly in ICE engined vehicles and aircraft. JCB has already got heavy vehicles running on hydrogen combustion engines. They are the only way forward for industry and air transport and cars wil follow. The argument against hydrogen at the moment is inefficiencey of fuel cells. Well simply cut them out and burn hydrogen directly in the engine like petrol or diesel and that is what JCB have done. Here: https://www.jcb.com/en-gb/campaigns/hydrogen/hydrogen-van , so I think you are wrong.
If they NEEDED the extra cash then it would, without a doubt, have been included in the initial amount of the raise, wouldn't it? Simple. Management schoolboy error to not ask for enough. The company's financial situation, with minimal debt and good cash generation ( JLP's debt is well covered by operating cash flow (218.8%) and interest payments on its debt are well covered by EBIT (4.4x coverage) could have allowed them to raise term debt, especially when they were just announcing the financial backing of IRH.... ("According to the terms outlined in the BINDING funding term sheet....") Personally, I believe the raise was done to reward long-term, long suffering, strategic investors (Slater et al) to acquire a chunk of the company without having to buy in the open market at a critical juncture where all things are pointing up, and which they were clearly keen to do from the extra to the inital offer being requested, which was accommodated for the same reason. Did it cost PIs in dilution? Yes. Much? No. Was it strategic? Yes, to keep the major investors happy and incentivise some new. Most PIs here have diamond hands, as they have been invested for a long time, can see the future is almost upon us in terms of copper and chrome and aren't ars****e traders like deme and BT. To acquire 236 million shares in the open market would take (a) time and (b) drive up the price. A placing didn't.
When it stops going up every day short term money exits and most are sitting on super profits....so a few more sell and the price falls. Simples.
Thanks for the response ..... but they are not in the list of companies on Aquis.... https://www.aquis.eu/companies
Then the liquidators will have to change the offer or persuade them that there is no better available.