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Jubilee (JBL)


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#21 Queen B

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Posted 25 March 2015 - 10:39 AM

Reasonable SENS out this morning:

 

FINANCIAL HIGHLIGHTS

       -        Revenue increased by 22% to £2.8 million (2013: £2.3 million). In ZAR terms revenue increased to
                ZAR 49.4 million (2013: ZAR36.11 million).

       -        Gross profit increased by 34% to £1.3 million (2013: £0.97 million) – supporting the sustainable
                revenue growth over the last two reporting periods. In ZAR terms gross profit increased to ZAR 23.7
                million (2013: ZAR 15.5 million).

       -        Loss per share for the period reduced by 57% to a loss of 0.2 pence per share (2013: loss of 0.46).

OPERATIONAL HIGHLIGHTS

       -       Middelburg Operations performance further improved on the back of the implementation of the smelter
               renewal program.

       -       The Department of Mineral Resources (DMR) requested Tjate to support its mining right application
               with an operational rehabilitation guarantee. This requested is expected to be the final step prior to the
               issuance of a Mining Right.

       -       Entered into a PGM (Platinum Group Metals) heads of agreement (HOA) with Hernic Ferrochrome
               Proprietary Limited (Hernic) for the processing of its PGM-containing surface material estimated in
               excess of 3.3 million tonnes. The HOA with Hernic significantly enhances Jubilee?s access to platinum
               containing surface material which is in addition to the platinum containing surface material secured at
               ASA.

       -       Both the Hernic and the ASA platinum processing projects placed on accelerated project schedules
               targeting to be fully operational during 2016.
 


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#22 soutie

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Posted 19 January 2015 - 11:29 AM

As a side note Colin along with Dr Phosa should be leveraging the electricity sale agreement in exchange for the speedy conclusion at the DMR for the sale to Amplats of Quartzhill....!

Especially given the current  "Get it current " Eskom situation.


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#23 soutie

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Posted 19 January 2015 - 10:55 AM

Well lets hope it's the start of something more positive & leave turnaround stories for later.

Me thinks they are very keen on the technology Leon & his crew have developed at Middleberg. If they can get it on to a more seriously sized plant then we can start talking turnaround..!

As for Colin's trade who gives a F@ck the guys a muppet.


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#24 SoleTrader

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Posted 19 January 2015 - 10:47 AM

Interesting JV they signed with Hernic Ferrochrome, announced on SENS this morning.  Hernic is 50% owned by Mitshibishi.  Maybe the start of the turnaround in Jubilee? We hope so

 

More concerning however is the trade done by Colin Bird on the 10th December 2014 where he bought 1million shares.  Now surely the company had already started discussions with Hernic at this stage.  This must be tantamount to insider trading?


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#25 SoleTrader

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Posted 31 December 2014 - 11:14 AM

Rumour in the market of some deal.  I took some at 29c.  the stock up decently in London as well


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#26 soutie

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Posted 18 November 2014 - 03:43 PM

Yes everything is paid in scrip apart from directors salaries... :angry:  


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#27 SoleTrader

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Posted 18 November 2014 - 01:03 PM

Another SENS and another 15million shares to be listed.  I don't own any shares, but the wealth destruction by colin bird has been criminal.

 

There were 80m shares in issue in 2007, now its close to 610m.  And the poor vendors getting the shares become sellers to realise cash. Damn!


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#28 SB45

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Posted 13 August 2014 - 12:07 PM

remember the value of Tjate is more than the market cap! That's the ace..if it comes off or land sold, price could go up substantially!!
 
Agrees CEO has messed up this company!!


Agreed, HDB, there is good value that can be unlocked in this company, and platinum alternative uses are gaining momentum, the value of the Tjate asset under JBL is at risk of being destroyed.
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#29 HDB

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Posted 13 August 2014 - 11:36 AM

remember the value of Tjate is more than the market cap! That's the ace..if it comes off or land sold, price could go up substantially!!

 

Agrees CEO has messed up this company!!


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HDB

The mediocre teacher tells.The good teacher explains.The superior teacher demonstrates. The great teacher inspires!!


#30 SB45

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Posted 13 August 2014 - 11:32 AM

This company needs new leadership and management, current ones are really destroying value. Not convinced they on top of their game.
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#31 HDB

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Posted 13 August 2014 - 11:23 AM

Im still waiting for my 20 bagger!

 

May take 3 years and price so low, may as well write it off to zero and out it in bottom cupboard...No more adding!!


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#32 yusufm

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Posted 13 August 2014 - 10:37 AM

I sold out today, just a few left at 25c waiting to be matched. I had bought at 29c with their update 2 weeks back, decided to cut losses.
Technical analysis is usually not helpful with penny shares. Their SP reflects mainly market sentiment and actual results.
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#33 Guest_Bandido_*

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Posted 13 August 2014 - 10:32 AM

Earnings yield  -95%.?   share at .87cents a year ago. PE ratio -1.05  ...  .26 cents now. It is at the Lowest price since inception..

I think you beating a dead dog.. Sorry


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#34 mageca

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Posted 13 August 2014 - 09:55 AM

Soutie, never read any news on JBL; merely informing based on technicals. Look at a monthly chart of JBL. Total opposite of your pessimism.
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#35 soutie

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Posted 13 August 2014 - 09:00 AM

Watch this stock; big upside looming.

Hey mageca.

Wow I love your enthusiasm, but the reality is there're broke, well we're broke as you also bought in..

Get ready for another SENS out soon telling us millions of stock have been issued in payment for the documents just sent to the DMR 

The cable for the proposed capacity increase at Power Alt more dilution...why... see above we're broke..... no money 

The buyer lurking in the wings for Quartzhill namely Amplats well do you think they want a green field platinum venture. 

 

So please back up your broad sweeping statement with either facts or your learned opinion. eish, I for one would love some good news on this counter.... :)


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#36 mageca

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Posted 13 August 2014 - 12:54 AM

Watch this stock; big upside looming.
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#37 mageca

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Posted 13 August 2014 - 12:54 AM

Watch this stock; big upside looming.
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#38 mageca

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Posted 13 August 2014 - 12:53 AM

Watch this stock; big upside looming.
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#39 soutie

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Posted 05 August 2014 - 02:05 PM

Welcome aboard.

Please excuse my lack of enthusiasm.

I was also like you a long long time ago in afar away galaxy called junior platinum miner.

Now we have piles of dirt & are mine to metals specialists. 

But we have no mine & no way of turning the dirt into metal without another round of MASSIVE dilution.

Best Regards.

Soutie.


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#40 mageca

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Posted 05 August 2014 - 01:43 AM

I like this JBL.

Got myself a few hundred thousands of it.


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