Jubilee Metals Share Discussion Threads

[plat hunter] 15/7/2019 16:04

Intersting...




"Key terms of the Agreement
KPZ has agreed to incorporate a local Zambian special purpose vehicle (the "SPV") to carry out the processing of
copper concentrates from ores obtained from the Kalengwa Mine.
The Company will act as a contractor and funder to the SPV ("Contractor"), and will be responsible for either
identifying a third party, or use its own resources, to build a small scale processing copper concentrate plant ("Initial
processing Plant"), and then subsequently an enlarged plant capable of producing not less than 6,000 tonnes of
copper metal in concentrate per annum ("Large Scale processing Plant"). The Company will be responsible for
managing and carrying out all related processing operations. Xtract will carry out exploration and metallurgical test
work to assess the potential for the open pit expansion. Results from exploration and modelling will determine the
ultimate size of the operation including the process plant."

[plat hunter] 15/7/2019 15:57

Kalengwa is a 9-12 hour drive from Kabwe though

[deme1] 15/7/2019 15:43

News over on XTR reference copper.

Good old CB will have copper lined up for us come sables start up.

[deme1] 15/7/2019 15:04

Metals doing well, shame JLP is not

[kryptonsnake] 15/7/2019 14:20

Sells are just sells. That's why the share price is going down

These are not off book. It's all live


LOLsss

[1madmarky] 15/7/2019 14:20

Robert - that's for lead, zinc and vanadium. There's a possibility that a subsequent copper deal at kabwe may require further funds. However, it could turn out to be some sort of tolling agreement where JLP get a percentage of the profit.... we will findout in due course.

[kryptonsnake] 15/7/2019 14:18

4% down, that placing must be close

[plat hunter] 15/7/2019 13:52

Off book transactions have up to 5 days to be reported so an MM can facilitate many sells and days before a single larger sell is recorded.

[plat hunter] 15/7/2019 13:51

Alpal2.

You seem to misunderstand what I said.. They're managed trades with aggregated sells, they're not on book transactions.

This means that the purchase price is usually agreed before the sells come in, meaning the MM completes the sells as a middle man and then transfers them to the buyer when they have enough as a buy.

The purchaser is effectively the client of the MM not the numerous small scale sellers that are needed to fill an order.

[alpal2] 15/7/2019 13:34

PH: I accept that if the shares are being sold, someone must be buying. But it seems they are 'sells' as the price is at or close to buyers price of 3.15p
If the price had been 3.4p or close then I would have felt it evidence of a strong buyer in the market.

[bookwormrobert] 15/7/2019 13:32

A lot of misinformation being spread on this board again today.
e.g.: Kabwe / Sable is already fully funded. See RNS back in March.

[goingforarun] 15/7/2019 13:25

Krypton, I don’t know but I have a feeling you’re losing the faith?

[plat hunter] 15/7/2019 13:23

a placing at 2.75 would still mean that JLP would be outperforming WRES, since your big claim to the contrary

[kryptonsnake] 15/7/2019 13:21

10 bagger coming
keep buying at these low prices
another top up opportunity

or

placing coming at 2.75 to fund the next project
further placing needed to fund Kabwe
more jam tomorrow


LOLsss

[plat hunter] 15/7/2019 13:16

"Forward selling because there's a placing coming"
Who are they being sold to Krypton?

"No evidence of a institution taking shares"
There's loads of evidence of institutions taking shares. Look up at the RNS feed for evidence of TR1's from several institutions taking advantage of BMR's demise

[kryptonsnake] 15/7/2019 13:06

No evidence of a institution taking shares

You said there will be tr1's issued so where are they plats?


LOLsss

[kryptonsnake] 15/7/2019 13:05

Forward selling because there's a placing coming


LOLsss

[plat hunter] 15/7/2019 12:43

Alpal.

Most are managed trades so will be aggregated sells, being transferred to a single large purchaser.

An equally compelling question is, why is there such a committed institutional investor taking them?

[alpal2] 15/7/2019 12:12

Despite all the good news from Jubilee there are 2.5million sold today at circa 3.15p.
Would love to be able to ask the seller why they want out at this price.

[plat hunter] 15/7/2019 12:01

It'll be a while yet until Bloomberg are covering us

[goingforarun] 15/7/2019 11:20

Re Directors Talk...just think Leon needs to find a new news outlet? This is obviously not driving enough awareness?

[plat hunter] 15/7/2019 11:11

Absolutely GFA, which is why i would be adding at dilution events.

10% here or there to maintain your holding in percentage terms isn't that hard or expensive to do but if you go a few events without doing so then you'll find yourself out of the game before you know it.