Jubilee Metals Share Discussion Threads

[bmnsa] 03/4/2019 16:27

JSE!! Thought this was the 'JLP' thread.

[freedom97] 03/4/2019 16:20

Excellent close on JSE up 14.29% on very good volume of just over 2m.

[kryptonsnake] 03/4/2019 16:19

3p failed. TIMBER

LOLsss

[robers98] 03/4/2019 15:53

Going to see an impact across all, not just Iron Ore as tighter regulations are bound to follow. Anyone know a company that can assist with tailings!!

Iron-ore thunders higher as mine dams closed, exports collapse

Iron-ore’s supply-driven rally picked up pace on Wednesday, with futures topping $90/t, amid increasing concern the crisis at Brazil’s Vale will be drawn out as regulators ordered dozens of dams to be shut.

Futures for benchmark material rallied as much as 4.1% in Singapore, while spot ore climbed to a two-year high and the contract for high-grade ore extended gains above $100/t. Barclays raised price forecasts on expectations for a global deficit.

The seaborne market has been roiled this year after top producer Vale suffered a dam breach in January, spurring mine suspensions and concerns there’ll be a shortage. The catastrophe drew increased scrutiny on mining practices from the authorities, with the nation’s regulator now ordering 56 tailings dams to be closed. Iron-ore’s rally has been given an additional boost as a cyclone in Australia disrupted flows from Rio Tinto Group and BHP Group.

“There’s no doubt that events in Australia have a short-term impact as, after all, supply has dropped,” CRU Group analyst Richard Lu said via WeChat. “However, in the long term, the market is still preoccupied with whether Vale can restart operations,” said Lu, adding that mills in China aren’t yet worried about supply and are unlikely to buy cargoes at elevated prices.

Still, the dislocation is showing up in export figures and pummeling freight rates. Shipments from Brazil sank to 22.18-million tons in March, the lowest for that month in more than a decade. The Baltic Exchange Capesize Index has lost 95% since January 24, the day before the dam disaster.

In Brazil, 39 of the 56 dams ordered to close lacked documentation attesting to their stability, while 17 were judged to be unstable, according to Eduardo Leao, director at the country’s National Mining Agency. Twenty are owned by Vale.

[bullster] 03/4/2019 15:47

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[ginko3] 03/4/2019 15:45

Only natural now that some of the weaker PIs will sell out either hoping for a retrace or to go elsewhere. Hoping for much of a retrace cold be a risky strategy but I guess that a profit is a profit.

[1madmarky] 03/4/2019 15:32

Especially if they have been buying on the open market:-)

[the skipper] 03/4/2019 15:27

Yes note the date on which the threshold was crossed. They might have had some in the recent placing but they have clearly been buying up to today. So we now have two genuine institutional investors on board plus the two family trusts who bought into the placing. This augurs very well for sustainable long term growth imo.

[ileeman] 03/4/2019 15:18

Explains some of the rise.

[deme1] 03/4/2019 15:05

3p not today

[ginko3] 03/4/2019 14:31

Quantock more than doubled their holding

[the bull] 03/4/2019 14:29

No deme has been here a long time and i think has been a holder but a very frustrated one. Looking forward to this potential news. More deals will come but I just wish they would slow down and let the share price rise before doing them

[goldibucks] 03/4/2019 14:10

“but please stop making things up about Tjate etc.” Agreed. This rally is being driven by BMR running out of stock to selland the Shard note getting read by more investors. Nothing to do with Tjate or copper announcements.

[plat hunter] 03/4/2019 14:09

Decent rise for Deme that, he can sell this afternoon and cover his Maccy Dee's dinner later on.

[shailenp] 03/4/2019 14:08

1 million buy @ 2.92

[boris cobaka] 03/4/2019 14:03

frog it won't be long in coming.

There's some decent buying pressure at the mo. Enough to outstrip any selling for the time being.

[plat hunter] 03/4/2019 14:02

Yeah odd to not round that up amd make someone pay the full 3

[lostabillion] 03/4/2019 14:00

Foz

I think everyone knew that Deme1 didn’t hold until this morning.

He bought 105000 shares and has ramped ever since!

Still, it will make a pleasant change to see an end to his 24/7 deramping.

Welcome back Deme1 but please stop making things up about Tjate etc.

[fozdad] 03/4/2019 13:53

Strange how Deme spends all day, every day, whinging, moaning and generally putting down everything JLP related despite allegedly holding millions. Then she invests £2900 and turns into the rapper from hell.

[frogkid] 03/4/2019 13:43

i was just looking at trades on here Platty. 2.99999 is close enogh for me but it would be nice to see 3p bid !

[boris cobaka] 03/4/2019 13:43

Volume better than average again. May see an uptick on yesterday.

[deme1] 03/4/2019 13:37

copper rns
coupled with news on tjate.

you heard it here first

[plat hunter] 03/4/2019 13:34

3p on the Stock Exchange website, might be rounding though

[plat hunter] 03/4/2019 13:31

That's an amazing turnaround in rhetoric Deme, did you buy today by any chance?