Jubilee Metals Share Discussion Threads

[bullster] 17/4/2019 09:26

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Zinc offtake and refining agreement for Kabwe on the horizon.

hhmmmm

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[sleveen] 17/4/2019 09:21

GLR will need another placing within 4 months to fund the resource estimate.

[bullster] 17/4/2019 09:16

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RNS Number : 4095W

17 April 2019

Galileo Resources Plc

Placing


Galileo Resources Plc is pleased to announce the Company has today completed, in conjunction with Shard Capital Partners LLP ("Shard") , a placing with institutional and retail investors of 100,000,000 new ordinary shares ("Placing Shares") of 0.1p each (the "Ordinary Shares") at a placing price of 0.50 p (the "Placing Price") per Placing Share to raise GBP500,000, before expenses (the "Placing"), subject to admission to trading on AIM ("Admission"). The Placing Price is at a discount of approximately 13.8% compared to the closing mid-market price of 0.58p yesterday. The Company intends to use the proceeds of the Placing for general working capital and towards advancing its Star Zinc project ("Project") in Zambia, including producing an independent ore resource estimate, block modelling/preliminary pit design, and application for a small-scale mining permit.

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[billthebank] 17/4/2019 08:51

Maybe timing for SA opening as the news is going to exceed all our expectations? Hah Hah Hah Hah Hah!!!!!!

[deme1] 17/4/2019 08:45

I did not know you were aware of the early bird offer at the caravan park Bullster.

see you there ;)

[plat hunter] 17/4/2019 08:38

Can't buy without sellers.

I'm not saying he's not very clued up but there seems to be some disconnect between consistent BB old wife tales and reality

[sharenotes] 17/4/2019 08:38

Goldi, I think you are becoming feisty in your old age!

[goldibucks] 17/4/2019 08:33

Freedom97 is their a petition I can sign to allow shorting on AIM to continue?

It provides liquidity, prevents false markets being created due to illiquidity, makes it more likely you are getting decent value for money when you buy an AIM stock, encourages institutions to invest on AIM by enabling them to earn lending fees which enhances their overall returns, discourages price manipulation ahead of corporate activity, and discourages speculation on the back of deliberately false rumours.

Shorters are like sharks, they are at the top of the food chain, retail investors are scared of them, but they keep the stock market in balance.

[goldibucks] 17/4/2019 08:20

Just noticed you posted at 2:00am Sweet FA. Is your short in JLP keeping you awake at night? ;-) AIM market makers rarely short stocks even though their trading books get charged a cost of capital on their net long positions. Do you know why? Because with a long position you know how much you can lose but with a short position, your potential loss is unlimited. You’ve picked the worst stock on AIM to short. JLP could wipe you out with a single announcement. Haven’t your noticed that JLP fundamentals have been getting better quarter-on-quarter since mid-2017? Why would you short against that trend? Makes more sense to short a cash burner with no earnings on AIM, there are enough of them. KryptonSnake keeps a list of them in his pocket.

[bullster] 17/4/2019 08:12

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Between 8:30AM - 10:30AM

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[goldibucks] 17/4/2019 08:06

“Shorters always win on aim”. Apart from you. Didn’t you open your short at 2.3p? You must have taken a right thrashing. Plenty more to come I’m afraid, starting with the Q1 results tomorrow. Close your short now and take your loss.

[plat hunter] 17/4/2019 07:45

My acid research was in my 20's deme :-p

[deme1] 17/4/2019 07:34

"Not fussed either way, i've done my research"

Not on acid production at sable ;)

[sharenotes] 17/4/2019 07:25

...... and very knowledgeable too.

[frogkid] 17/4/2019 07:21

He is a client . Took part in the previous placing

[sharenotes] 17/4/2019 06:36

Put simply, volatility. The not so simple part is the causation of volatility. I like numbers and enjoy the language of mathematics, but readily concede share price movements are not totally described by such frameworks, even when remapped into balance sheets, P&L accounts and so on. The elephant in the room is human psychology. Of course psychology can be considered in more elemental forms such as greed, fear and so on, but by whatever means you model it, it must be factored in. The old adage, ‘the market can remain irrational longer than some can remain solvent,’ is a notion without a number in sight. Where could one get a better understanding? You need go no further than these boards – all the elements are here!

[deme1] 17/4/2019 06:25

Goldi

But why would an answer of "they were not aware of any reason for the price fall" warrant a response of "Let’s just say that as a result of the conversation I have just taken advantage of the drop"

Either way this is 10 bagging imo.

[sweetfookall] 17/4/2019 02:01

Game over soon.Shorters always win on aim

[goldibucks] 16/4/2019 22:33

"Comment is slightly different on here and both look suspicious because any pre notice is insider dealing?". I imagine somebody at JLP said they were not aware of any reason for the price fall. With the price having gone up 50% in 2 weeks and then fallen back 20% in 2 days, wouldn't you just assume its volatility?

[plat hunter] 16/4/2019 21:59

A balanced article on VanadiumHttps://stockhead.com.au/resources/think-high-vanadium-prices-are-good-youre-wrong/

[plat hunter] 16/4/2019 20:25

Quick, tell the police

[goingforarun] 16/4/2019 20:19

Robers98, had a look at the site, is the Old Trout also Tiger by the Tail on LSE. Comment is slightly different on here and both look suspicious because any pre notice is insider dealing?

[robers98] 16/4/2019 19:30

From ToT on iii.
Getting back on topic I noted the recent sell off in JLP and thought I’d best seek some reassurance that nothing nasty was about to be sprung on us. Let’s just say that as a result of the conversation I have just taken advantage of the drop. Now bring on those quarterlies…