Jubilee Metals Share Discussion Threads

[plat hunter] 15/9/2020 10:20

Almost filled a gap over at BMN which will give me a trade opportunity for another similar sized top up here.Fingers crossed i can get them both completed before this nudges any higher

[plat hunter] 15/9/2020 10:16

I'm not full tilt yet, currently in add mode atm following my last rebalance.Need 1350 over at fres to fund the next top up, should be around 1800 sheets i get it.

[kennyp52] 15/9/2020 09:43

I’m poker on this one Plat ... all in

[plat hunter] 15/9/2020 09:42

We'll end up buying GLR imo.Buy some glr and hedge the capital spend and get some.My ratio is 1 glr to every 5 jlp atm and adding to both as I go

[freedom97] 15/9/2020 09:30

"Copper seems to be the place to be!"

Yes, deme and Jubilee is well placed for copper production:

"Jubilee Metals Group PLC Further Copper Tailings Resource Secured in Zambia":

[deme1] 15/9/2020 09:18

GLR buying up more ground.
No doubt JLP will be brought in at some point.

Copper seems to be the place to be!

[plat hunter] 15/9/2020 09:11

I wish I knew how to emoji's on this board sometimes... I really do

[gsg] 15/9/2020 09:07

freedom. Good point.

[freedom97] 15/9/2020 09:02

GSG, my point was that no one sold @5.9p when there was the opportunity.

[gsg] 15/9/2020 08:42

freedom, The auction process does not necessarily indicate a good following day and caution is required. Maybe I was hasty in mentioning it. Anyone with access can fly a kite on the auction and put 30p per share for 10 mil if they want. It doesn't mean to say their will be a counter party willing to do that deal.

Yesterdays 500k at 5.9p bid seems to have been withdrawn without any takers.

[9tintin] 15/9/2020 08:15

Pd looking strong this morning, it still has some headroom with regards to it's twelve month record high ($2754) - but it's the price of Pt that Jubilee needs to get moving !!

Cu is doing okay though - $6832 per ton.

All in all the ducks are lining up.

Next deal please Leon :))-

tintin

[plat hunter] 15/9/2020 08:13

Imagine a tug of war, with baskets all along it.Each basket contains the same product but at a different price and at each end of the rope are the market makers.The rope moves in accordance to which bucket of prices gets emptied first.(Best price auction)

[plat hunter] 15/9/2020 08:07

The MM side is mirrored.... what is offered through the bid is really buy activity and vice versa.As the bid is depleted by buyers the next basket of price gets pulled along from the ask, which pushes the quote higher (increasing the bid)The opposite happens in a falling market

[freedom97] 15/9/2020 07:54

GSG mentioned "500k just put on the bid at auction at 5.9p.", I note that no auction trades went thru so bolds well for today. The last two trades that showed up after close were delayed 500k buys @5.9 & 5.86 from before close.

[freedom97] 15/9/2020 07:47

Would be good if Nick Taylor buys some Jubilee shares soon, would give a boost to the share price

[verulamium] 14/9/2020 21:41

My calculator's been out and come up with 2.5p/share profit from PGMs alone for the current FY if current PGM prices hold (based on WH Ireland 65.3k oz attributable production and costs of $550 an oz). Their 11.2p forecast only attributes a value of 5.1p/share to PGM production. Can't be true - the calculator must be broken.

[goingforarun] 14/9/2020 20:25

If they’ve hired an M&A guy you can get your bottom dollar targets are already in play? Mid cap could be coming soon!

[kennyp52] 14/9/2020 20:16

I suspect some calculators have been out and the realisation of just how much profit is possibly being generated and cash generated has finally started to sink in .

[gsg] 14/9/2020 18:50

billy.

I can't claim to be an expert, however I can report on what's occurring on L2, and sometimes it is a good momentum indicator. About four times a day there are auctions which last ten minutes, where entities with direct market access and mm's can place shares on the bid and the offer. I think the closing auction is five minutes in duration however it can be extended in order for mm's to square their books. That's my basic understanding, however I will bow to anyone with greater knowledge on the matter.

Sometimes an amount can be put onto the auction and then withdrawn because there has been no counter party to complete the transaction. On other occasions a trade is completed and printed.

[freedom97] 14/9/2020 18:39

Well, last week I said, it looks like mm's can't get enough shares to fill large buy order (remember we had two large buys on separate days @5.55), and if they can't fill @5.55 the buyer will have to pay more. I wonder if the 5 x 500k buys plus the 600k today, belong to the same buyer. Onwards & Upwards from here.

[billyboy2fromiii] 14/9/2020 17:22

Hi GSG,

I dont have level 2 so dont understand what you mean. Can you explain please what you mean and how this may affect share price tomorrow. Many thanks, BB2.

[adejuk] 14/9/2020 16:43

major re-rate due
2p in a jump

[adejuk] 14/9/2020 16:34

thx plat
you never let me down :-)

[gsg] 14/9/2020 16:32

500k just put on the bid at auction at 5.9p.