Jubilee Metals Share Discussion Threads

[adejuk] 17/5/2019 16:35

i took ano 208k today
now 1.2 mill
then i read the other thread and don't know whether to sell everything or cut my throat.

[bookwormrobert] 17/5/2019 16:06

Hi PlatHunter!
IMO, treating the tailings waste (as Jubilee do) could help eradicate any environmental problems in two ways:
1. As in the case of the lead dust at Kabwe, some of the potentially toxic material is extracted and actually turned into a safe saleable product.
2. In the process of treating the waste material, the tailings are taken from an old badly designed leaky storage facility, and post processing, are transferred to what can be a new much improved storage facility.

[ginko3] 17/5/2019 16:01

Presumably just reduces it by extracting the target elements

[bookwormrobert] 17/5/2019 15:50

Yes, "the big boys" can afford to wait until a rising company like Jubilee is a surefire proven success, and only then to move in with a takeover bid. Yes, it will cost them a lot more money to buy out Jubilee this way, but there is less chance of a failure too, and that matters a lot to them.
I make it that Jubilee will reach the "takeover zone" when it issues its audited accounts for 2019-2020 in H2 2020. I'd be surprised if it happened before then.

[plat hunter] 17/5/2019 15:44

Surely treating the tailing waste doesn't actually eradicate the tailings waste.

[plat hunter] 17/5/2019 15:40

"If the "big boys" had any interest in JLP, surely they would have committed by now."

I think that statement demonstrates the level of sophistication with regards to your understanding of corporate actions and general business.

[bookwormrobert] 17/5/2019 15:06

Warren Buffett likes companies which have a "moat" around them. That is, when it's not easy for other players to enter their space and to compete for market share.
I'm not saying Jubilee is defended from its competitors by an absolutely uncrossable "moat". But, equally, the difficulties of entering into this "metals-from-waste-materials" market shouldn't be underestimated: Jubilee possess years of narrowly focused technical experience, exclusive relationships with equipment suppliers, and the sole possession of valuable intellectual property (such as the fine chrome process).
If a mining major wanted to enter this incredibly specialised field (and, in time, they certainly will), the rational business decision would be to purchase Jubilee outright and to turn it into a company division, rather than to attempt to set up an operation from scratch. It's probably too soon for this to happen yet; I think it will happen in late 2020, after the publication of the 2020 audited accounts.
As usual, Aceshi is trying to be provocative with his "crash dummy" metaphor. But you can't really claim that a company which just increased revenue and earnings by 50% quarter-on-quarter, and which looks like it will record similar large increases in revenue and earnings over the next few quarters as well, is in much danger of crashing! Jubilee is currently more of a runway success.

[choppernoel] 17/5/2019 14:54

The "big carrots" aka, "the big boys" would have got involved in jubilee a long time ago. absolutely agree. Leon coetzer and Colin Bird are pedigreed bull ......s

[goingforarun] 17/5/2019 14:22

AcesHi, not entirely sure on your comment? What about Fine Chrome? It’s not an IP but JLP have shown the tech to big miners who probably haven’t got the focus to develop a solution?

[aceshi] 17/5/2019 14:16

If the "big boys" had any interest in JLP, surely they would have committed by now. Far more likely they are using JLP as crash test dummies and if their projects prove to be as profitable, as some are suggesting, set up their own operations and capitalise. I am not convinced that JLP is sitting with IP that is not common knowledge within the industry by now. Sure, there's plenty of tweaking still to happen, but why not sit back and allow JLP shareholders to sponsor that.

[gsg] 17/5/2019 13:24

Prosecutors said Vale is predicting the dam could collapse next week if the current rate of movement in the embankment of the mine pit close to the dam is maintained.

The dam holds 6M cm of mining waste, according to Brazil's ANM mining regulator; local residents were evacuated from the area in February

[choppernoel] 17/5/2019 13:00

news is imminent. a deal with the "big boys" is imminent. Please be patient, an outcome will be due shortly. NB..Don't hold your breath though

[marmar80] 17/5/2019 10:45

They are selling far above bid, so the pressure is still on.

[deme1] 17/5/2019 10:36

MM's putting on a ridiculous spread now.

You would think they do not want anyone to buy ;)

[choppernoel] 17/5/2019 10:27

The share price is having the same problem that plat Hunter and sleveen have at the caravan park. It's not rising and increasing in strength. You can't make money it it's always soft.

[plat hunter] 17/5/2019 10:26

3.63 breached... maybe a 3.75 at the close

[marmar80] 17/5/2019 10:13

Thx &Agree. Things are looking way brighter now here. Figures and plans are out there. Believe it will move to 6p+ before year end.

[billthebank] 17/5/2019 10:10

Good luck. Confident here.More confident than I have been in a very long time

[marmar80] 17/5/2019 09:57

Not much cash left atm. Bought some in Xaar recently, of course too early again ;)

[billthebank] 17/5/2019 09:52

I have to admit marmar I am there at last after topping up.It won't be long before this has doubled from here so hopefully by then you will be in profit.Still a good time to top up to averaged down IMO Good luck

[marmar80] 17/5/2019 09:34

Still far to my breakeven

[alwaysevolving] 17/5/2019 09:31

If not now Sleveen, we can be sure they will at some point soon failing anything untoward.

We seem to have been sitting waiting for an eternity (many of us have!) however I feel once it starts moving it could go quite rapidly?

[sleveen] 17/5/2019 09:23

Looks like the broader market,not we early birds, is finally catching on to the great potential here.

Are the figures beginning to speak for themselves?