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BMR selling the rest of their holding does look a likely explanation for the 2.25p trades. But I'm doubtful this will be having any impact of the share price at the moment. In December is was clearly all part of a negotiated and managed deal with a buyer lined up to take their shares (plus some from other large holders). The 2.25p trades this week also looked to be part of a negotiated deal with buys at 2.5p matching the 2.25p sells.

If it wasn't all being carefully managed, someone buying a 44m stake last month would have caused huge spike. Likewise, BMR dumping 10's millions of shares without a prearranged buyer would have caused the SP to collapse.

Does anyone know if this has any affect on us? e.g. would it delay permits being processed/granted by the state of Alaska?

I'm assuming not, but I'm not entirely certain.

Probably just because of the low volume today. MM's trying to make a few quid by increasing the spread as they can't sell many at the moment.

Having seen that our tied bid for this block was a lot less per acre than last years bid on the rest of Yukon Gold, I thought this was going to be an interesting indication to its potential value to us.

I wasn't sure if we'd just put in a really low bid because DW had thought that no one else would be interested in such a small parcel on its own, or whether it didn't have much value following our 3D and DW just wanted it as a tidying up exercise or similar.

Looks like we more than doubled our bid to secure it, so it looks like a good indication it has some value to us and DW tried to get it at the cheapest possible price for us.

Will we get confirmation on Monday that we've completed the purchase of Platcro?

The RNS on 10th Dec stated:

"The aggregate purchase price for the Acquisition shall be payable by Jubilee to the Target on 7 January 2019, save for the amount of £0.67 million (USD0.85 million) which will become payable by Jubilee to the Target upon successful registration of the property into Jubilee or its nominee's name. Jubilee will take ownership and operational control of the Target on the 7th of January 2019."

Another one has shown up as an after hours trade for 987,707 shares. Same as yesterday, matched to a trade at 2.5p a few minutes apart.

Maybe BMR really are shifting the rest of their holding, its the same price we know that they did sell at in December.

For research (along with our RNSs, website etc), have a look at BMRs website, especially here:

http://bmrplc.com/tailings_stockpiles.php

We've acquired these assets for next to nothing, and is where that future earnings growth is most likely to be coming from. If we can succeed where bmr have failed that is, but all indications are that we're on course to do it.

Certainly seems like momentum is building now, and the presentation is the strongest indication yet that the next project is close to being announced and it's most likely to involve copper/cobalt imo.

I'm wondering though whether the earnings forecast is solely based on current projects, or if they've made assumptions on projects yet to be announced. I suspect it's based on current known projects only, so the earnings growth could continue for some time after 2021.

The platcro PGM project is about as simple as it gets, buy some tailings sitting on the surface and get someone else to process. However that was first announced in march 2017, and when we see the first earnings from it this year it'll be over 2 years from the first announcement. So unless the next project is something that's pretty much ready to run straight away, I'd expect a similar time lag before earnings start.

I hadn't noticed it before either, so not sure if it has only just appeared or if we all missed it before now. It's good it's been produced, most likely to promote Jlp to investors or for finance . But also a little disappointing they've not made more of it after they talked about improving the PR in the last webcast.

Working with the most accurate up to date figures is always best, and Brom is completely correct with the figures. But along with those figures it's also relevant to consider some other important points. E.g the unconventional estimates are based on gross acreage of approx 270,000, and we now have approx 475,000. And the conventional estimates have increased by over 1b barrels following 3D on just 25% of the acreage.

So there is a good possibility that there is more oil than the current estimates suggest. We just don't have enough info at the moment to say with any level of certainty just what we may have once the whole acreage is fully explored and assessed.

Yes it should hopefully, that earnings forecast for this year looks good enough to justify a MCap of at least double from where we are today. As for the earnings forecast for 2020 and 2021, they only look achievable if Kabwe is up and running with lead, zinc and vanadium, and even then it's questionable until we know more. Key milestones would look to be achieving the 2019 forecast, and then getting Kabwe up and running clearly demonstrating that sufficient metal can be produced profitably to evidence that the 2020 & 21 forecast is realistic.

Happy new year everyone!

Hoping that this year is going to be better than last year :)

Fsksesf, is this the presentation you mean?

http://jubileemetalsgroup.com/wp-content/uploads/2018/12/Jubilee-Metals-Group-Corporate-Presentation-Nov2018.pdf

There's an interesting earnings forecast on the second to last slide. Unless it's a typo, it appears to be saying an exponential increase in earnings is expected each year, rising to $75m earnings per year by 2021.

Happy new year all!

I also think this is going to be a pivotal year for us. A positive drill result at winx and a decent farmout deal for icewine conventional, both within the next 3 months, could really turn this around and put us in a great position for the unconventional farmout later in the year. Then there's Yukon as well. Any one of these 4 has the potential to result in decent gains, none of which are guaranteed, but we'll be really unlucky not to get something from at least one of them.

Good morning all.

Looks like a bit of progress on trade relations, could provide a positive boost for oil and the markets in general early next year.

https://www.bbc.co.uk/news/business-46714985

Probably a fair assumption to make that most will be underwater at the moment. The SP is near a 3.5 year low, so only people that bought in prior to June 2015 without adding since will be sitting on decent gains currently.

Looking forward though, it seems more likely than not that we'll be heading north from here.

I don't really understand what point is being made here. I would have loved to have sold all at around the 3p level, sat tight, and then bought back now. I didn't, that was my choice, and I accept that I can't trade with hindsight and no one here really knows exactly what news will be released and how the SP will react. Everyone here is just guessing, with some more educated guesses than others.

Merry Christmas to all and a happy new year!. Looking forward to a very eventual 1st half to next year.

Yep I agree. Its just rumours/speculation, no firm evidence that they're even interested let alone preparing a farm out bid.

But I do entertain the idea they could be one of the parties in the data room, because they've shown their interest in Alaska with the gasline project and they will have the ability to fund the kind major exploration we're talking about.

Many other possibilities though, and they're far from alone in having deep pockets and being interested in Alaska.

I've not for a couple of reasons. But the main reason is it's not certain what will happen after the drill results, and I don't need to take on that risk to chase a potential good gain when I'm already invested here.

We may get a great offer from one of the neighbours already active on the same play. If that happens, then % gains for RMP could be much higher than for us at the moment. Obvious reasons for that is the potential value of Winx, MCAPs of both companies, number of shares etc.

However, we may be following a route of going into production at Winx, or further exploration. If either happens more investment will most likely be needed from the consortium partners. We may be able to cover our share through cash received from the farmout and the tax credits we're due, maybe some small dilution as well depending on the first two and the costs involved. The only avenue I can see for RMP being able to cover their share is substantial share dilution. So they could well end up with a much smaller slice than they've currently got, or a lot more shares, either way Winx may not be as valuable to them as first appears if we don't sell it after the drill results.

I wouldn't say that the Chinese would be happy to be paid in oil, but they would like a safe steady supply of gas to cover their increasing demand. Alaska would be happy with the increased tax revenue. Big oil would be happy they can sell the gas instead of pumping it back underground. Trump would be happy that the trade deficit is reduced. Win-win all round.

That's what makes it so worrying that a string of 140 nonsense characters tweeted out by trump while he's watching fox news could scupper any major deal like this.