The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Very few, if any, hours were lost because of loadshedding imo.
I would be more concerned over the above average rainfall tbh
I wonder if ex BHP boss Brian Gilbertson is a possibility, given his ousting from Jupiter Mines.
Healthy, happy and profitable 2022 to you all.
SLP is cheap imo, but the growth prospects are much more limited than JLP.
Whether you like CB or hate him, he managed to get finance for JLP when cash flow was no existent. Give the man credit where it is due.
I look forward to this year once again with much hope for JLP and its share price.
GLA & DYOR
@Gotreal
On the presentation ALONE. Based on the historical information, and the fact that the only significant additional income would be from Copper in 2022/23, Jubilee would be pretty close to fully priced for the next 12 months at these levels imo , without the prospect of a dividend.
Disappointed Cyprus wasn't mentioned as I am pretty sure that Martin Churchouse said in an interview that one JV had been signed with Jubilee. (Troulli)
@ BB
There were a lot of negative subtle hints too - Problem getting equipment to Roan, working conditions difficult with Covid, 4th wave to mention a few. Also at the end to send an e-mail to contact them, is a comment that should never have been made unless they send a reply.
Uninformative to current shareholders.
I would be a seller on the presentation alone. Thankfully I know what is in the pipeline, and know LC is a tremendous asset to the company and able to pull PGM's, Copper, Cobalt, Gold, Vanadium, Zinc, Chrome etc from waste very profitably.
IMO, SP is going to be stagnant with a strong overhang of shares on any share price rise in the shorter term.
I am with Edzi on this one Mikie, the presentation was a complete waste of time.
@ Mikie, Edzi and Warn
I believe the point we are trying to get across is JLP needs to start thinking more like a midsize company than small company, trying to get investors from larger institutions. You can only do that by releasing information to the market.
Whilst most of us would like quarterly figures we are comfortable with the knowledge we have to stay invested for the long term because we know the company intimately. Hard to be an analyst with little information and then be able to make a recommendation if the information is already six months or a year old in this current investing climate.
If you were currently looking at Jubilee's chart and seen the share price has moved from 2p to 15.95p, in 3 years (two of which were affected by covid , you would believe the share price looks expensive without drilling down the numbers, which one may not do.
At the end of the day it's institutions that drive the share price not individuals.
GLA & GYOR - May your 2022 be full of Copper and PGMS. Be well stay safe
Thin Trade going to take this SP (and others) to funny places imo.
Have a great break all.
Hopefully see some of you at the AGM.
GLA & DYOR
@warren
It is a standard procedural point in almost all companies, as much as many of us hate. It is to allow the directors to either buy back shares or issue shares without having to come back to a general meeting should the opportunity or need arise.
CMRS released an RNS today which is extremely positive.
"We are working well with our Joint Venture partner Bezant Resources and both parties are keen to see the hard work of the past few months converted to Mineral Resource estimates and economic assessment, with mine design and planning to commence in Q1 2022. The work being undertaken by Jubilee Metals Group is reaching a stage where their independent metals recovery test work can commence, leading quickly to plant design."
https://www.lse.co.uk/rns/CMRS/resource-development-and-exploration-update-ums9qtuz4ckirrn.html
The re-issued WH Ireland research falls now back to their much more conservative outlook. I do believe Jubilee will beat their earnings estimate of 1.9p, again will also be dependent on how much Copper is produced and only because the basket prices have come off the boil.
@Homey - Not sure why you don't think Jlp can make 1.9p when they made 1.8p for 2021. The PGM's and chrome should get close to that number by my estimates.
The outlook for Jubilee is definitely a golden copper and I am in agreement that the earnings growth driver will be from a stable Sable.
GLA
@arry
Does it matter if that price was 17p or 18p in the big scheme of things. Yes it was done at that price because the market price was only 10% higher than that at the time they needed to do the quick deal. Yes Slater scored big time. But that also hopefully created the floor price.
I am not a seller for a long while yet, so the share price is merely an indication how others perceive the share. The foundation is strong, cashflows are good and the elephants will be marching home in a couple of years.
We are both in it for the long term play, as most in here should be. The market is the market it goes both directions, but as someone said earlier about the Director's remuneration, same with the shares, got to be in it ..... And I agree with, Mickie, those that stand the course of time will retire very comfortably.
GLA and DYOR
Richard Friedland, chief executive officer of Netcare Ltd., which operates the largest private health-care network in South Africa: “If in the second and third wave we’d seen these levels of positivity to tests conducted, we would have seen very significant increases in hospital admissions and we’re not seeing that. In our primary care clinics it is mainly people under 30-years-old.”
“So I actually think there is a silver lining here and this may signal the end of Covid-19, with it attenuating itself to such an extent that it’s highly contagious, but doesn’t cause severe disease. That’s what happened with Spanish flu.”
“We are seeing breakthrough infections of people who have been vaccinated, but the infections we’re seeing are very mild to moderate. So for health care workers who have had boosters, it’s mostly mild. I think this whole thing has been so poorly communicated and so much panic generated.”
“It’s early days, but I’m less panicked. It feels different to me on the ground.”
Some serious money for CB nd LC this year
C Bird - Total remuneration : £2 129 791 of which £1 670 228 was from sale of his shares
L Coetzer - Total remuneration : £1 219 517 of which £190 394 was from sale of his shares
Thank you - will do :)
Jubilee delivered strong cash flows from operating activities of £ 23.8 million (ZAR 108 million) (2020: positive cash flow of £ 19.4 million (ZAR 415.4 million))
Something not right - £23.8 million must be approximately ZAR 475 million
@suprised
Can you give us the ************ for the broker's note please. I can't seem to find it
Whilst I am pleased with the markets reaction to the results, the only positive I hope that the BoD see is that releasing news to the market ACTUALLY makes people see the value in the Company which most of us are aware of in any event.
Hopefully most of the board posters will pitch up at the AGM, and ensure that the BoD listen to the cry for more frequent updates which message is stated, both on their website and in their annual financial statements.
GLA & DYOR
Sorry meant to post the link to the article too :
https://www.moneyweb.co.za/mineweb/the-battle-for-royal-bafokeng-platinum-gets-white-hot/
Surely this bodes well for Jubilee. Looks like the bigger players are making moves on the PGM's.
Only a matter of time that Tjate shows its value within Jubilee's other assets.
Unfortunately JLP is probably still too small to make a meaningful contribution to the earnings of the bigger players, but imo, watch this space
GLA and DYOR