Jubilee Metals Share Discussion Threads

[freedom97] 05/6/2019 15:28

"Jubilee Metals Group PLC Excellent progress in implementing strategy"
Posted by: Amilia Stone



"Jubilee Metals shines as it plans to expand production in South Africa":

www.proactiveinvestors.co.uk/companies/news/221565/jubilee-metals-shines-as-it-plans-to-expand-production-in-south-africa-221565.html

"Jubilee Metals Ramp Up At South African Project To Complete In July LONDON (Alliance News) - Jubilee Metals Group PLC on Wednesday said its DCM fine chrome project ...":

[scrappycat] 05/6/2019 15:11

There will be the odd T trader, who is happy to take his 10%and move on The MMs will try to make full use of these sales in, what appears to be, a buyers market

[brucie5] 05/6/2019 14:55

If we can build to new high the staircase will become still more attractive on future retraces. The bod seems to have got the message. Keep the market informed of progress.

[cernunnus] 05/6/2019 14:54

bit late with the 1 trade there

[sleveen] 05/6/2019 14:54

1 share sold , must be Chopper.

[frogkid] 05/6/2019 14:52

managed to get another 1k worth but not easy to buy. got a small order O/S of 6k shares to tidy the account up

[sleveen] 05/6/2019 14:48

words out now by the look of the share price

[deme1] 05/6/2019 14:42

well I still have not had my rns alert email.
so many are most probably unaware of the release

[bookwormrobert] 05/6/2019 14:38

Yes, very strong RNS.
1. Platcro PGMs (Eland) will add a lot of profit to the bottom line. Also, to be in partnership with Northam may be points to further deals in the future.
2. Kabwe / Sable moving forward.
3. But, in my opinion, the best news is from Dilakong Fine Chrome operations. Remember, this is material that has already been processed once before, and yet the yield from this pass is very high. Imagine how profitable this process could be if applied at the bigger chrome operation at Platcro. Or at Hernic. Or at every chrome plant in the entire industry.

[mikebolle1] 05/6/2019 14:38

Thanks fozdad. Makes sense now. Was hoping for... exceeding 3,800 tonnes with 5,000 tonnes (thus 8,800 tones). That would be great but, guess no luck there for now, maybe in future. lol

[sleveen] 05/6/2019 14:36

mike

Agree DCM info is not quite clear, but we can deduce that the quantity of chrome concentrate produced by 25k tonnes/month of tailings is being ramped up to full capacity in July.

So probable fine chrome concentrate production will be around 7k tonnes/month @ full capacity of 25k tonnes/month tailings.


March Interims:

The DCM fine chrome plant was brought into production during January 2019 and ramped up to reach commercial production levels during March 2019. The project targets the recovery of the super fine chrome component currently lost to tails by the chrome industry. The DCM plant holds a capacity to process up to 25 000 tonnes per month of chrome containing tailings material. Jubilee will target to roll-out this process to its other operations.

17/1/2019:
It is expected that production rates will be ramped-up to the targeted plant capacity of 25 000 tonnes per month, in the near future.

[freedom97] 05/6/2019 14:30

Yes, well done Leon & team. The company is moving rapidy forward, making very good progress. Just need the share price to catch up, which I'm sure will be soon once the market realises what an absolute bargain the current share price is.

[rescuer] 05/6/2019 14:24

superb RNS - well done Jubilee - on track -

cheap as chips

gla

r

[goingforarun] 05/6/2019 14:24

Isn’t this the Fine Chrome processed? Another income stream from tailings others would throw out! As for the update, all good and progressing as required. Only downside is the SP! Maybe it’ll pick up in December?

[scrappycat] 05/6/2019 14:14

Those 'sales' looking at the price, could well be buys that were in process prior to the RNS. Even the 'sell on news' brigade may be somewhat hesitant in this case. From where is the downside going to originate?

[fozdad] 05/6/2019 14:13

Over 3,800 tons of chrome concentrate produced at Dilokong in May and over 5,000 tons expected to be produced in June. Not sure what you’re reading Mike?

[mikebolle1] 05/6/2019 14:08

"The project exceeded the production of 3,800 tonnes of saleable chrome concentrate for May 2019 with 5,000 tonnes of chrome concentrate targeted for June 2019."

Will somebody please explain this paragraph to me. I just can't interpret it in a sensible way.

[kennyp52] 05/6/2019 14:04

SP doesn't think it's great ?

[adejuk] 05/6/2019 14:03

and peeps sell into it

[daicaprice] 05/6/2019 13:58

Looks a positive update.

DC

[scrappycat] 05/6/2019 13:57

looks like the brakes are finally coming off. Apart from income figures, what more can people want. An excellent update imho.

[adejuk] 05/6/2019 13:56

better than nice

[1madmarky] 05/6/2019 13:52

Nice little update

[gsg] 05/6/2019 13:51

Nice update. Maybe they'r thinking of us afterall.

[choppernoel] 05/6/2019 12:28

69degreesouth. At the caravan park u are 90degreesouth. Mr Know it all.