Jubilee Platinum Live Discussion

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Small_Holding 22 Jun 2018

RNS Out DCM is the disappointment for me as this should be producing PGM’s by now. After extracting the chrome the resulting tailings have a higher PGM content and as such are of greater value. This could be a big generator of revenue for Jubilee but we are still waiting for the elusive permit to build the PGM recovery plant. All these projects combined, when in production, will generate significant revenue that will make the current market cap seem ridiculous. The problem is that it will still take about 18 months before the real benefit is seen on the bottom line. In this RNS Leon twice mentions aggressively growing the business, that sounds good but we don’t want any more projects yet, let’s get what we have up and running before looking for further projects. New projects mean more expense and further revenue to find. Hernic is paid for, Platrcro doesn’t cost anything other than transporting the material to Northam, the initial plant at Kabwe should not cost an enormous amount and I am hoping the $50m loan facility is used to help finance the PGM plant at DCM. I could be wrong but if they come up with another project too soon, I can only see it being funded by another equity raise. It is OK saying the deal makes fantastic business sense but if they don’t have the money to fund it that cash has to come from somewhere. AIMO

dkok 21 Jun 2018

RNS Out Good to see some new blood onto the board, especially further technical mining and metals experience. Talk of aggressive expansion in Zambia and opening an office there. Just need to get some solid proof of earnings increases from the existing project TVs to start to get this share price turning and moving Northwards. GLTA dkok

breezy 20 Jun 2018

Where as everybody gone on this board. Can not understand all the selling as news is due any day now. Great time to top up if you are brave enough.

One day Roderz 08 Jun 2018

Re: Am I a Mug MBThe algo is already written.Negative bias, sp will drop disproportionately to buys vs sells data or maybe a slight rise with buying pressure.Positive bias, sp will rise disproportionately. Without the Tjate news we could have risen steadily, but more than likely stalled due to those events you mention.From the Tjate spike we have lost 2/3rds of our sp. It was a definite sell on news event, as hindsight tells us.OD

miltonboy 08 Jun 2018

Re: Am I a Mug dam wall breaking did not helpbuying into a project when the licence was revoked 1 day later did not help.partner company up for sale did not help.if you can code that into an algo, you are better than me.this is dogged by bad luck, timing on decisions.....but i have hope the 3m to June will show a clearer path and the 20th June will help.not sure why we agreed 50m if we were planning on placings, but what do i know.DYOR and best of luck.

seakelp 08 Jun 2018

Re: Am I a Mug Nothing to do with algorithms. Sp previously shafted by production delays and especially placings....also no guarantees that the next new project will not require yet another placing. One lives in eternal hope.

One day Roderz 08 Jun 2018

Late June News ref meeting with ZG officials on or before 20th June.7 trading days max left prior to the meeting. News released soon after.“Further details on the project will be released following the project presentation to the Zambian Mining Ministry expected to be held on or before 20 June 2018.’OD

One day Roderz 08 Jun 2018

Re: Am I a Mug Pullbacks=Yes But the general trend will be an ascending sp.I’m guessing the MM’s control this with algorithm”s that will achieve an end goal of a market cap of X. Their valuation. After tante we were in excess of what MM’s valued us at, along with share dilutions and not hitting targets, this has maintained a negative bias on the sp. when that changes and your out, there is good chance you”ll miss the bus, if you had money and didn’t buy this week. Why would you buy as we cross the 200sma. The plan for the next 12 months is pretty well mapped out. I see increased revenue and profits that will only increase over time.OD

seakelp 08 Jun 2018

Re: Am I a Mug Problem is, nobody will have confidence in a rise here. Heavy selling will occur. Pull backs guaranteed.

One day Roderz 08 Jun 2018

Re: Am I a Mug I believe the algo’s have a negative and positive bias for trading set points. Since the Tate news and 7p we have gone down and down even on good news.Just one piece of good news will allow the bias to go positive. You want to be in when it does. How often do you see shares climb steadily 100%, 200% and 300% over a period of a few weeks or months.The problem with being out when it turns is, you don’t buy in on the initial rise, 25-50 %+, now your waiting for the pull back. It doesn’t come. It continues it’s gradual rise on no further news.I watched SXX go down and bailed around 2p, with chat that it could go to 1p.Listen to people, but you make the decision to buy on your research, not others mood swings.GLAOD

One day Roderz 08 Jun 2018

Platcro cost £3.3m -Only 66m shares issued The shares were issued at 5pPlatcro is still worth £3.3m, about 10% of our mcap.At today’s price it has effectively cost us around £1.66m.Next year when we are seeing revenue from it it may be valued much higher on the books. This is the time to be buying JLP. IMHOOD

Small Holding 08 Jun 2018

Mushroom Impressed, selling VRS to buy JLP that is a vote of confidence.IF all the projects that are being progressed work out as planned, the revenue they will be generating will make today's market cap seem ridiculous and as always that is throwing Tjate in for nothing.I am hoping that when you say, I know noothing, you are just being modest!

34DegSouth 07 Jun 2018

Re: Constant BB Negativity Driving Down ... fully agree with you aMKitD - I'm also personally not worried re. where the SP is currently - should correct very quickly though as per when the IFs are answered

A Mushroom Kept in the Dark 07 Jun 2018

Re: Constant BB Negativity Driving Down SP? I agree with you 34Deg and unfortunately we have not helped ourselves a lot either.I am a long term holder and see significant upturn in this share having sold £25k of VRS today to fund another purchase here. (Not all here tho I might add).TBH though to a degree I am not bothered where the SP is ATM as I am not selling its where it will be in x months or y years that matters to me as I look to position myself for my target. ATT I am currently £13k down on this and as others are quiet I see this as an opportunity.I know nooothing

34DegSouth 07 Jun 2018

Constant BB Negativity Driving Down SP? Perhaps the current SP negativity is directly proportional to the RELENTLESS NEGATIVE NIT-PICKING currently taking place on these BB’s!!!!Agreed that there have been a few hiccups of late (ie. Hernic Dec breach and DCM partial re-design to accommodate PGMs), but the Jubilee landscape is looking pretty appetising at the moment, albeit with a few IFs to overcome – one needs to bear in mind that Leon and co. commenced these very-large Tailings projects from scratch, with a very steep learning curve, of which HAD to have a few bumps along the wayHernic: 2101oz from a mere 39734t for May is pretty damn good – the target is 2500oz from 55,000t, so the current Efficiency is well above that. This current Efficiency, but at 55,000t/pm input equates to over 2900oz/pm!Kabwe: the latest huurah is purely between BMR and BlueSquare - $500k is a very large number, so BlueSquare HAD to have been assisting BMR LONG BEFORE JPL entered the fray – JPL have been the party that negotiated/presented to the Zambian govmt re. the licence reinstatement – very much doubt that BlueSquare had much to do with this – the shares that BMR are to sell to pay-off BS, were already issued to BMR as per the JPL purchase of 29% of BMR – all that JPL are doing is relaxing the sale thereof (‘lock-in’ – the sale will only be to the value of $800k, and will be controlled by JPL – JPL have to ensure that BMR don’t go under, but in doing so, this strengthens JPL’s position to acquire more of BMR’s shares for next to nothingKabwe should be massively profitable – Leon has stated on a few occasions that there is ’$1bn of REVENUE in the tailings’ (note emphasis on actual tangible Revenue)PlatCro: not bad re. a paltry $3m acquisition (albeit via share dilution) – with Northam doing all of the work from now (baring the transport) – 2800oz pm from 60,000 is very similar grades/extraction rates re Hernic, with the majority of Earnings going to JPL (another IF) – this also opens up the door for JPL to partner Northam re. further ventures (perhaps with Northam carrying most of the capital costs)DCM: largest ‘hiccup’ area of late – but with very very good Earnings potential moving forward, once plant issues rectified/tuned (IF – will know by Sep/Oct)– We now know that Earnings re. Chrome shared 50/50 with the ‘owner of the material’ (re. BOTH Tailings and 3rd party)[not bad at all, especially re. the more lucrative 3rd party material!!], and JPL takes 100% of the Earning from PGMs (re. both Tailings and 3rd Party ROM) – plant has 45000t/m capability – assume 22500t/pm re. Tailings and 22500t/pm re. virgin 3rd party ROM - Yields should be 1t per 4.25t of Tailings, and a substantially better 1t per 2t of virgin 3rd party ROM. At 45,000t/pm input, the PGMs should accumulate faster than they will processing at 1000oz/pm, of which points to further production increases - quite a few ifs re. DCMCobolt: Leon was extremely excited at last months Investor Roadshow re. Cobolt (next/imminent project??) – Co currently $90,000/t (and like Vanadium, has most definite Supply shortages, with Demand to ramp-up substantially moving forward) - Cape Lambert Resources, with very little Tailings experience have just landed a 50/50 Co Tailings JV in DRC – 5 year project (2000t – 3000t pa), with projected Revenue/pa a mammoth $180m to $270m!!!Agreed, its been a long road, and there are still a few IFs, of which June-Oct should have answered most thereof, but the potential moving forward is staggering – sentiment can change very quickly!!!

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