Jubilee Metals Share Discussion Threads

[mrsingh1] 11/9/2020 15:41

And yet platinum is below $1k

[bullster] 11/9/2020 15:27

PLATINUM
49%
@
$937.00
$459.13


PALLADIUM
40%
@
$2,210.00
$884.00


RHODIUM
9%
@
$11,000.00
$990.00


GOLD
2%
@
$1,949.20
$38.98





B.B.I. =
$2,372.11


I think this is the highest BBI ever recorded.

[plat hunter] 11/9/2020 15:14

Merafe Resources suffers R1bn loss in joint venture with GlencoreBy Dineo Faku Time of article published Sep 9, 2020JOHANNESBURG - MERAFE Resources yesterday fell 8.57percent on the JSE to close at 32cents after the group flagged that it swung from a profit last year to a near R1billion loss during the half-year ended June on its joint venture with Glencore.The world’s largest ferrochrome producer said that it incurred a significant impairment loss on property, plant and equipment.The group said its losses for the year came to R961.1 million from a R165.2m profit a year earlier.It said its impairments rose to R1.34 billion, although the weaker average rand dollar exchange rate provided some cushion to the loss.The group said its headline earnings per share plummeted to 1.1c from 6.6c a year earlier.Revenue from the joint venture shrunk 16percent to R2.3bn from R2.78bn a year earlier, and ferrochrome revenue also decreased by 16percent to R2bn, primarily as a result of a decline in ferrochrome sales volumes to 151000 tons from 189000 tons on lower average realised prices.Chrome ore revenue decreased 16percent to R333m as a result of a 6percent decrease in sales volumes to 138000 tons compared with 147000 tons a year earlier as well as weaker chrome prices for the first half of the year.Merafe withheld the interim dividend due to the company’s key focus areas being working capital management and cash preservation, especially over these challenging times.“In spite of current challenges, the board of directors remains positive about future prospects of the business supported by industry fundamentals that are still in place,â€? Merafe said.The group said that the country’s hard national lockdown weighed heavily on its production performance.“Production in South Africa was particularly impacted, falling 50percent in the second quarter of 2020, not only because of Covid-19 cutbacks, but also due to the ongoing cost pressure, including unsustainably high electricity pricing,â€? said the group.PUBLICITÉThe Merafe-Glencore Venture is currently leading a Section 189 consultation process with organised labour amid plans to restructure its smelters as a result of deteriorating operating and market conditions across the South African ferrochrome industry, including high electricity tariffs and interruptions, cross-subsidies and real cost inflation.“These factors have also led to the displacement of significant volumes of ferrochrome production to lower-cost competitors overseas. Despite significant investments in an attempt to make the operations more competitive, the Venture has continued to come under substantial operational and financial pressures,â€? said the group.Covid-19 related government-imposed lockdowns in key global stainless steel producing regions during the first half of the year resulted in production curtailment of stainless steel of 11 percent year on year.“While Chinese stainless steel production in the first quarter of the year 2020 plummeted to levels last seen in early 2016, it recovered strongly during the second quarter of the year 2020, backed by government infrastructure spending,â€? said the group.

[bullster] 11/9/2020 15:09

PLATINUM
49%
@
$930.00
$455.70


PALLADIUM
40%
@
$2,205.00
$882.00


RHODIUM
9%
@
$11,000.00
$990.00


GOLD
2%
@
$1,946.80
$38.94





B.B.I. =
$2,366.64

[plat hunter] 11/9/2020 15:06

Yeah but Rhodium's up Losta ha ha ha

[lostabillion] 11/9/2020 15:05

Big “round” number, there’s a clue in the question I’m sure!! ;-)

[deme1] 11/9/2020 14:55

Metals doing well I see

Rhodium up to 11000

[plat hunter] 11/9/2020 14:43

14:08Can someone tell me the easiest way to lose 40,000 shares inside 24 hours please.

[plat hunter] 11/9/2020 14:22

It's a good job you don't have any mirrors in your house.What's your new round number deme?

[deme1] 11/9/2020 14:18

There are some bitter people on her.
Best of friends why your buying and worst of enemies when you sell some.

[freedom97] 11/9/2020 12:12

Maybe the reason why deme can't get a sell quote for £25k worth is because you have to own £25K worth to get a quote.

Sorry, I missed Plats post

[mrsingh1] 11/9/2020 11:55

Just got the same quote for £40k

[plat hunter] 11/9/2020 11:54

You need to hold shares to get a sell quote though

[mrsingh1] 11/9/2020 11:53

Yeah £25k, use HL

[deme1] 11/9/2020 11:52

For £25k worth?
who do you use

[mrsingh1] 11/9/2020 11:51

Thats wierd u cant get a sell quote. Im being quoted 5.451

[deme1] 11/9/2020 11:45

can't get a sell quote for that amount

[plat hunter] 11/9/2020 11:33

What's the sell quote on that figure deme?

[deme1] 11/9/2020 11:22

can now buy £25k @ 5.56

This could finish down a little today (baring some good news). Coupled with the virus running rampant. This weekend / next week could be a time to switch off.

[plat hunter] 11/9/2020 10:54

I reckon the next update will be ROAN in December.

[frogkid] 11/9/2020 10:48

I agree, cash is useful at the moment. That said an unexpected RNS could propel this. I also believe there could be a big one coming but its all about how it is financed.

[plat hunter] 11/9/2020 10:47

What's you're new round number Deme?Was also wondering why don't ever post on any other boards considering the size of your trading pot away from JLP.What have you been trading?

[deme1] 11/9/2020 10:43

I was gonna mention Lloyds frog.
Dipped below its 26p support today.

Good on Losta for holding his nerve and keeping his "Just keep adding" mentality.
Yet i feel having some cash on the sidelines will come of use in the next few weeks.

GLA

I suspect Losta's limit order was nonsense. I will appologise if he gives an exact figure before it gets published (or is he banking on one of those late trades that he will then call his own).

Can easily buy £15k worth in one go for 5.55 at the moe. So unless his trade is worth more than £15k then why bother putting a limit order on.