Jubilee Metals Share Discussion Threads

[davr0s] 12/4/2021 19:54

I don't need a reason - just a slow day where spreads tend to widen a bit in any stocks. The only thing that pays is price and if you stand back you can't see this wide spread on any meaningful timeframe. I'd go crazy trying to micro analyse all my positions and for little or no benefit. If it goes up I hold and if it goes too far south I'll exit. That's all I really need to do

[frogkid] 12/4/2021 19:04

I have no idea

[sb] 12/4/2021 18:43

Why would the MMs want to do that? The more volatility the better for them.

[frogkid] 12/4/2021 18:37

Normally done to take the heat out the market

[sb] 12/4/2021 18:23

What..? So what is your reason for the advertised spread being so wide but the actual spread being so narrow.? Hardly normal... Especially with all of the MMs sitting at the same high ask..?

[aceshi] 12/4/2021 17:47

MMs manipulating sentiment? Something doesn't feel on point......... Any opinions or merely powers facilitating continued II changing of the guard. Serious share price doldrum since the interims.

[davr0s] 12/4/2021 17:37

Not really - think you are just looking for conspiracies behind the scenes. Not a lot to see here IMO today unless you are trying to say trade this ?

[sb] 12/4/2021 17:09

Almost all of the trades today have been buys at or above 16.45 but because the ask is set so high they are showing as sells compared to the spread. With all of the MMs acting in concert you must suppose there is not much stock around and they are trying to shake some out because dropping the price doesn't work, so making it appear like there is selling might.... Certainly a wider spread normally shows a lack of liquidity ...but something odd about todays price action.

[deme1] 12/4/2021 16:25

17p will be a tough one to break but when it does then BOOM time

[pshevlin] 12/4/2021 16:18

Somebody is either still dumping or the trades are completely haywire. What is a buy and what a sell?

[sb] 12/4/2021 12:30

17p paid...

[gsg] 12/4/2021 11:59

The strong upward movement in spot markets for chrome materials during early 2021 is now being replicated in the market for contract purchases. South African ferro-chrome smelters achieved a 32% increase in charge chrome contract sales to European buyers for Q2 2021. The increase is the largest quarterly movement in prices since Q3 2017. The previous movement should be considered as instructive, however, given that it was a large pullback after a similarly-sharp increase just six months prior in Q4 2016. Increased availability of chrome materials and increasing inventory levels could see contract prices downward correct later this year despite the short-term outlook for spot prices remaining upbeat. Https://www.metalbulletin.com/Article/3982963/billet/RESEARCH-Ferro-alloy-prices-forecast-to-remain-elevated-through-Q2-2021-on-supply-shortfall-and.html

[alpal2] 12/4/2021 11:56

IG quoting 16.44 / 17.00

[mrsingh1] 12/4/2021 11:52

Quoted 16.515 to sell on HL, not selling a penny though!

[adejuk] 12/4/2021 11:33

just sold 100k at 16.376 quoted trades are useless they want stock

[sb] 12/4/2021 11:17

So everything at around 16.35 are sells, everything around 16.5 are buys ... quite why the ask is so high compared to reality...no idea ...but the REAL spread is as I have said.

[gsg] 12/4/2021 11:16

Since Cantors left as am mm on JLP, the spread has widened and L2 has become useless most of the time. Current spread of 4.94% with trades well within that spread. All done on purpose to bring the cloak down imo. The only thing that currently creates L2 transparency is volume. Currently L2 3 v 5, however there is better visibility from dummy trades checking the online limits.

[mount teide] 12/4/2021 11:09

L2: 3 v 5 / 16.2p v 17.0p

[pshevlin] 12/4/2021 11:02

All seems a bit chaotic this a.m. with a 17P UT deal just gone through.What is the state of level 2 anyone please?

[alpal2] 12/4/2021 10:51

Why all these Trade Flag 'P' deals. Any significance?

[frogkid] 11/4/2021 13:06

Me too Nelson, Tjate would be my guess

[nelson01] 11/4/2021 10:05

It's been nearly 3 weeks since results so Roan should be about to start producing. W formation on the chart should take us to 19p in the next couple of weeks or even next week. But I've got a feeling some thing bigger brewing.

[goingforarun] 09/4/2021 20:51

Bullster, maybe we should stick a zero on the 17p!

[frogkid] 09/4/2021 19:31

It is like trying to break 6p previously. Once it goes it goes