Jubilee Metals Share Discussion Threads

[wet your knot] 24/4/2024 14:41

Isn't the Bloomberg article slightly misleading? Its just about the premium that is being on top of normal market prices and is relevant to China only. The highest the premium has been for years is showing as $150/t. I think the market price has gone up around (or over ) $1,000 dollars per tonne in the last month. China also has issues with smelters margins being too low due to over capacity.

[pshevlin] 24/4/2024 11:07

Simple fact is that if they have to use copper they will have to pay the price or their companies will fold. There are bound to be ups and downs while companies think they can hold out from paying more. It's just the same as any other commodity, oil, food, whatever.

[flagon] 24/4/2024 09:35

China Copper Gauge at Zero Offers Stark Warning to Metals Bulls

(Bloomberg) -- A key measure of Chinese copper demand just sank to zero, another indication that global prices are not balanced with what buyers in the biggest market are prepared to pay.

Premiums paid on imported refined copper extended a months-long decline to reach zero for the first time in Shanghai Metals Market data going back to 2017. The unusually low levels come just days after copper on the London Metal Exchange rallied to a two-year high near $10,000 a ton.

“It’s a sign of extremely weak demand for imported cargoes,” Wang Yingying, analyst at Galaxy Futures Co. said ... more

Link :

[frogkid] 24/4/2024 08:42

https://www.thisismoney.co.uk/money/markets/article-13341387/amp/MARKET-REPORT-Weak-metal-prices-drag-FTSE-miners-red.html

[frogkid] 24/4/2024 08:16

Posted already I know

[frogkid] 24/4/2024 08:13

I believe a JV or even a merger is far more likely. The move on Vedanta could be a clue

[goingforarun] 23/4/2024 19:34

I can’t see a buyout, probably for the next six months, mainly because JLP are not producing significant volumes of Copper at the required margin. If they start and show this in the Sept trading update then they could be a sitting duck!

[sb] 23/4/2024 18:22

They will not just "buy out JLP" .... unless it is for multiples of the current price. Why would any stakeholder sell at this ridiculous level...? If someone initiates an approach, given current market dynamics, I predict bidding will be brisk.

[sb] 23/4/2024 18:18

Its in Zambia ready for installation pending the delivery of some necessary electrical infrastructure, so now by the end of May.

[millwallfan] 23/4/2024 17:47

Tim. Probably hijacked by pirates in the Red Sea 😂

[timhigginson12] 23/4/2024 17:44

What has happened to the 600,000 tonne p.a concentrator which was being painted , disassenbled and sent from S.A. to Zambia to arrive I thought in late April?

[eblitz1] 23/4/2024 17:21

Frogkid
I think it is either 2 of 2 things, IRH as I have stated maybe taking a stake or even buying out JLP seeing as they have offered $1 billion for a portion of Vendate or JLP are trying to get Chambisi. However I need advice on this, if JLP are already doing things with IRH in Mopani why would they need Chambisi.

[wet your knot] 23/4/2024 17:10

You could be right Froggers. Let's just hope that we don't have an incoming bogey.

[timhigginson12] 23/4/2024 16:57

Interesting Pshevlin,

In the US/UK double taxation agreement all pension income is taxed in the country of residence. As worldwide income is taxed in both countries but can be offset in the other via a foreign tax credit so one only ends up paying at the more expensive rate.

[frogkid] 23/4/2024 16:25

Something is happening at a corporate level. It's as plain as the nose on Barry Manilows face.

[adejuk] 23/4/2024 14:11

the offer is 6.8
the last 50k is mine
just needed to check

[adejuk] 23/4/2024 13:18

in the end it won't matter. either way, we will all end up far richer.

[adejuk] 23/4/2024 13:16

sb. as ghetty said - you can never have enough!

[flagon] 23/4/2024 12:35

Interesting 'meet and greet' with Paul Kabuswe & Honeywell International broadcast on FB this morning. The 3 Million tons is just an initial target ... easily get to 5-6 MT dependent on how much investment there is in the mining sector. We know Fortescue, Rio Tinto & Ivanhoe are currently talking to Zambia atm ... see what happens. Comment that there were too many tailings in country ... need to be more efficient and use modern practices. More tailings JV's with other major players incoming ? We shall see.

[sb] 23/4/2024 12:26

Too true.... He's worth over £100 million and he's eighty. Why does he keep going...?

[philby1] 23/4/2024 12:23

Colin's probably already busy arranging a placing.