Member Info for Mikiesunday

Homey, so you are completely disregarding chrome, copper production and PGMs at Windsor, seems a tad churlish and agenda orientated to me. Certainly not the “ level playing field” you so regularly subscribe to.

Homey my old friend. It is very clear to me now you are doing nothing but trading this share and no matter how much you try and convince otherwise you will not. It’s very simple have you not seen the basket price escalating? 45k oz at a basket price around $3,200 gives $121.5M after costs of $500 per Oz. Monthly this gives over $10M. I have not allowed for the production at Windsor, but I am aware there will be a 40% pay away there, so no where as profitable as 45K at Inyoni. But a very nice addition all the same. I have not allowed for the ramping up of copper, soon to become very substantial. I have not allowed for any chrome production. There may be some additional smelting costs but will be more than covered by the items I have not allowed for. Cobalt production could start in as little as 9-12 months. That’s fairly short in my view. That’s enough clowning around for me. There is much more important matters going on in the world and my heart goes out with the Ukrainian people.

Absolutely Sharky. You know if there was going to be a fund raise there would have been multiple presentations and attempts to pump the share price. Reality is there virtual silence from the company. Plus there was £20M + in the bank account at last count and the earnings per month must be well in excess of $10M per month now. That is not a company in need of a fund raise in my view. Saying that, I wouldn’t be anti a fund raise if the incoming project was as transformational as Zambia is going to be. Just in case you haven’t noticed, cobalt is now over $73,000 per tonne now. https://tradingeconomics.com/commodities And we’ve got loads of it above ground!

Telly, I think in 3-6 months these price levels will be no more than a distant memory.

This is a screaming buy now!

HD- the leg up is coming and will come when we least expect it. Maybe confidence is low because of the last 6 month period and the down time. Markets generally follow the money and from this point looking forward earnings are rising dramatically. Ok the first half of this financial year is going to be a drag, but that’s history now and it’s all about the future. We all know PGM production is going to be the biggest and most cost efficient we’ve ever had. We know Roan is ramping up with so much more to come from the elephants. We know we are going to diversify further with another metal - Cobalt. Which looks like it’s on the move again at nearly£73k per tonne! https://tradingeconomics.com/commodities Even if there is war in the Ukraine we should benefit from the increase in PGM prices. The threat of war there is undoubtedly holding the price down here I feel due to people’s perception of risk assets, but if it drives PGM prices up, our bottom line will benefit and will show through. It’s all here, just need the trigger and that will happen when we least expect it!

This period reminds me of the late 2019 and 2020 ish period where we sat at 2-4p for ages ( dates might be slightly out) and no one could understand. Jubilee was making good progress, arguably much less than at present, then just when we were thinking the share price was never going to rise, whoosh a surprise quarterly report and off she went. Just waiting for the trigger at the moment! There must be loads of PIs and IIs watching this share at present. PGM production looking better than ever, PGM prices recovering rapidly, PGM earnings also set for the long term now. Jubilee producing more chrome than ever. Copper starting its ramp up. There’s never been a better time to be here. A considerable re rate is on its way, the scene is set, just need the trigger. However the smart money will get in here before the trigger. A couple of months will pass very quickly and we will all be looking towards the elephants, for the impending treasure they will bring. Cobalt will change all here dramatically. Once the market realises this is a good cobalt play, matters will change dramatically. We’ve just got to wait for the trigger. Generally I feel the market is looking for dividend plays at present and not growth stocks. This will change very soon with inflation predicted to slow soon and tensions ease in Russia/ Ukraine, this will fly. Growth stocks will be back in favour and this will motor. I feel we’re in the bargain basement, but that could all change very quick. For me, what a great time to buy.

News flow is everything HD and the only weak point here. I can see News flow improving dramatically over the course of this year. There is going to be a lot of positives to report. To name a few- world development team, new chairman, Eastern limb expansion, Cyprus, Roan, The elephants, Expansion into the Congo, Cobalt. Whilst historically the operation was run on a shoe string, with the ever expanding bottom line I anticipate more resource being applied to self promotion. I think we can already see evidence of this in the new website for example or getting on to the radar of the likes of the Berenburg Bank group. Soon all of these small details are going to make a big difference. It’s not going to be long now, you can’t hold a good company down for too long.

HD- surprise quarterly results could do it. Leon has given us unexpected quarterly results before when the news was good. They’ve told us Inyoni is steaming away at full capacity in Jan, so will be good news here. Commissioning of Roan is underway so could be a nice surprise here. I would not be surprised to see a quarterly update to reflect the Inyoni upgrades and Roan ramp up. This would ramp up share price nicely, in the meantime time a real buying opportunity.

Haha, Dancing Fred, yes indeed, picked it up on Twitter. I wonder if there have been any cases since? Certainly interesting. If companies can gain access to contact details, I wonder if individual investors can too?

Slightly off topic but very interesting and relevant to bulletin boards in general. Could change the face of investing on the AIM. https://www.proactiveinvestors.com/companies/news/16434/xtract-energys-kyrgyz-jv-gets-approval-to-drill-exploration-well-16434.html

https://www.lse.co.uk/news/JLP/berenberg-initiates-coverage-on-jubilee-metals-tr9238brclp4ex5.html Just the exposure we need.

@Jlp - hopefully it will appear on the company website. Hopefully reiterates the 29p fair value suggesting no change to their December note.
@ Jonah- so correct as always.

Thanks Ray, but that is the one I just quoted figures from. I believe there was one out Tuesday but can’t see it anywhere.

Has anyone got a copy of the recent broker note? I believe they reiterated the 29p fair value statement?

The broker note out in December is suggesting production of 49.9M oz compared to 50.1M oz in 2021. WHI would have produced this in direct consultation with Jubilee and to be fair is usually on a conservative basis. This is reflecting virtually the same production and is further suggesting 55M Oz going forward. Only a very small fraction of 49.9 is going to be produced at Windsor, so from a net profit point of you there is going to be very little pay away in the 40% joint venture arrangement unless they decide to increase the throughput to Windsor and subsequently raising the 49.9M oz. of the forward looking 55M oz in 2023 there is no Windsor production, so no pay away at all. I appreciate there is increased costs on around one third of the material for transport, but I understand this is somewhat negated by the increased rhodium content. When it comes to production figures WHI are usually the closest, but extremely conservative on the basket price as we witnessed last year. WHI are also suggesting revenue of 37.7M from copper with a gross profit of 20M. Based on this I am very positive for the current year and very much feel any written target by the company is very conservative like the copper target of 25kt in 4 years. We all know that’s going to be smashed in nearer 1 year and likely to be 31Ktpa without any upgrades. I listen to what Leon says and not what he writes, although here he has written these figures via the broker.

Rhodium looking very healthy this morning. Just under $18k. https://tradingeconomics.com/commodities Can’t help but think if we had to choose a period for all that disruption it would have been the last 6 months when prices were so depressed. Basket price improving by the week.

Agenda driven people always seem to use the dilution word likes it’s some sort of plague, that’s going to end the world. Without dilution here, I would not be sitting on a 7 bagger! Without those cash injections I would not be wondering if Jubes was going to have earnings of $10M or $15M next month. I would not be wondering where those profits would be invested next? I would not be wondering how much cobalt Jubes would be producing next year at $70k per tonne? I would not be wondering if I’m going to retire 5 or 10 years early. Dilution has made my future very bright.

Homey, I see Simon Thompson disagrees with your view point and is suggesting an eye catching profit uplift. Think it’s time to forget the last 6 months, appreciate the giant leap forward made and engulf the future.

Gotreal, you are so right, this is a phenomenal turning point in the profitability of the company. It’s been an incredible build period, leaving millions in the bank, with earnings rising exponentially. A few more years like this and I will be retired in the lap of luxury.