Jubilee Metals Share Discussion Threads

[plat hunter] 13/9/2020 21:26

We won't be producing any material amount of cooper until Jan, add another 6 months to that until Leon starts shouting about the earnings.Then well see copper hit the share price imo

[9tintin] 12/9/2020 13:08

With the way things are going on the supply and demand for Cu and China's appetite for the cathode (for which Jlp get a premium) I can see new record highs in the short term for the metal - $7000 a ton can't be far away, that's an appreciation in value of the
waste deal that Jubilee did in June this year, of over 20%.

I would think that would cover a large part of(if not all) of the CAPEX for the new concentrator.

Leon definitely got his timing right on this one.

tintin

[frogkid] 12/9/2020 11:12

Nah, priced in already

[gsg] 12/9/2020 10:30

China’s chrome ore imports rebound in July, FeCr shipments down again
China’s imports of chrome ore rebounded in July from the month before amid easing supply tightness in countries of origin, while imports of ferro-chrome continued to decline, according to Chinese customs data.

China imported 1.14 million tonnes of chrome ore in July, an increase of 44% from 790,097 tonnes in June. But July’s total is down by 16% from the 1.40 million tonnes imported in the same month of 2019, the data showed.
Of the 1.14 million tonnes imported in July, 837,409 tonnes (73.5%) originated from South Africa, one of the world’s largest producers of chrome ore. This marks an increase of 56% from the 536,774 tonnes that the African nation supplied to China in June.
Approximately one million tonnes per month chrome ore flows into China, the world’s top one chrome ore importer. But due to supply interruptions amid South Africa’s nationwide lockdown since late March, China recorded significant declines in its total...

[plat hunter] 12/9/2020 08:50

Covid froggy.p

[frogkid] 12/9/2020 08:24

Thanks Platty, doubt we will see those prices unless there is a disaster.

[plat hunter] 12/9/2020 07:53

Millennial retail spread betters are apparently running hedge funds, as a result Boris see's 4.5 and 3.6 for jlpNothing to do with momentum gaps due to increased coverage but obviously gold weakness whilst at record highs.Sounds like Boris is wanting to buy cheaper to me :-PSpeaking of Wag the Dog... excellent dustin hoffman film with an A-list supporting cast.

[frogkid] 12/9/2020 07:26

What in God's name are you blathering about Bozza ?

[boris cobaka] 12/9/2020 01:30

no bloodbath phase yet in pm's. Will it be different this time?

JLP immune to any major correction? Has it decoupled from pm price action and the impact it has on e&p ops? I doubt it so the question that arises is how far and how fast.
3.6 and once 4.5 goes it'll likely be a few sessions.

The catalyst for a pm price correction.

'And Robinhood positioning data showed millennial traders led the way. In those same few weeks, the total number of Robinhood users owning GLD skyrocketed 58% higher! Their IAU ownership soared 33%. And it wasn’t just those younger traders flooding in. The reason Robinhood doesn’t charge users for stock trading is it instead sells their real-time order-flow data to high-frequency-trading firms, which front run it.

So when millennial Robinhood traders were stampeding into gold via GLD and IAU, orders of magnitude more capital was rushing in from hedge funds milliseconds before those trades! That Robinhood data, from young new traders blindly chasing any momentum, was the tail wagging the vastly-larger hedge-fund dog. And once those millennials moved on from gold in early August, so did the hedge funds front running them.

Until that millennial and more-broadly retail-trader zeal for gold returns, it is hard to imagine big differential gold-ETF-share demand spinning up again. And without that, gold is dead in the water for now. If the Robinhooders and all the professional capital aping them start dumping GLD and IAU en masse, gold and thus the gold stocks will fall into much-deeper corrections. That is a real risk given gold’s flagging momentum.'

[9tintin] 11/9/2020 21:00

Bullster

I have a BBI high recorded on 27 February of $2570 just prior to Covid19.

So some way to go yet !!

tintin

[1madmarky] 11/9/2020 20:41

If the first wave of the virus caused as many deaths as this current wave, there wouldn't have been a lockdown. So hopefully going forwards it'll just be local actions.

[clarky111] 11/9/2020 19:30

Jlp charts looking wonderful. Uptrend still intact. Seems to be consolidating around the 5.5p waiting to rebound of the long term trendline. Expecting a few more weeks before. A strong move through 6p...good luck all

[clarky111] 11/9/2020 19:25

Death rate on the decrease. So very positive shows the virus is weakening. Another positive the CDC in America investigated all covid related deaths from the reported 153k and realised actual deaths from covid was only 9k..at the same time in Ireland reported feats nearly 3k now government have announced actual deaths from covid just 100...so perhaps actual deaths in UK if we follow Ireland and America are only 3k...this seems about tight. So very positive stuff only negative is the media and government spoken are keeping this news quite....

[plat hunter] 11/9/2020 17:42

R rate on the increase

[plat hunter] 11/9/2020 17:39

It's been quite a good day on the whole, haven't made any money but it's been fun.

[millwallfan] 11/9/2020 16:01

Wow just image if plat gets back to even 1250-1300 range we would be close to $2500

[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