Jubilee Metals Share Discussion Threads

[1madmarky] 24/8/2019 09:29

GSG - interesting... thanks

[gsg] 24/8/2019 09:18

The key to a recovery in the platinum price lies with the increased use of platinum instead of palladium in the autocatalyst needed by petrol engined cars to clean up emissions and there was “so sign yet of that happening,” said Dunne.

He said the engineering involved was centred on a “palladium/rhodium solution” for gasoline engines which excluded platinum. “The day that platinum is re-engineered into gasoline vehicles will be the day that platinum recovers,” he said.

Asked why this had not happened yet – given the soaring prices of palladium and rhodium – Dunne said the strictness of emission regulations meant car manufacturers were not prepared to risk a change in formulation “at this particular point in time”.

Dunne said a switch back to increased use of platinum would be driven primarily by lack of availability of sufficient palladium and “nobody knows when that is going to happen.”

Asked what would happen to Northam’s profits if and when the platinum price rose Dunne replied, “we should do very well. The profit line is highly leveraged to the price of platinum.”

“They are more concerned with making sure that the car passes the emissions test standards and if you re-engineer the system then you are introducing risk. Palladium is a good performer. It is better than platinum at high temperature.”

[sleveen] 24/8/2019 07:36

madloss

Good to see you have grasped the finer points of Kabwe/Sable.

Madloss avatar well earned.

[plat hunter] 23/8/2019 18:22

"Callisto Resources PLC"

Rinse and repeat.. Like I've said before. BMR are better going to the wall, either that or we hand back our share holding in exchange for 100% of the licence.

I also understand why the BMR crew are so vext but it's not as if you couldn't see this happening, they've had 2 years of convincing themselves the inevitable would never happen and have done sweet FA about it. Their own fault in a way.

[bookwormrobert] 23/8/2019 18:17

Hi Madalos!
Yep, I can see why you've made many a loss in your time.
If you want to change your history of investment failure, I'd suggest you start with some lessons in basic maths. For example, you could multiply the annual planned output of Sable by the long term average price of each metal it will produce. However, most unfortunately, even that simplest of exercises will prove your post above is completely and utterly wrong.

[plat hunter] 23/8/2019 18:10

You are so cluless it's hilarious,

£12m is for Sable not for Kabwe and what part of fully funded don't you understand? Perhaps in your world you take things without paying for them but not in the real world I'm afraid.

Sable was funded from a placing and debt finance you goon

[timhigginson] 23/8/2019 17:23

I think Goldi sold out because his arithmetic is not very good.

Hernic and Windsor are set to produce c 50,000 oz pgms per annum over the next two years. We are told that it costs c $400 per oz at operational level, so contributing c $700 per oz to general overheads. This will amount to $35m or 28m gbp p.a.for two years equals the current MC.

[plat hunter] 23/8/2019 17:17

Not massively convinced that today's rise has anything to do with the RNS or the Directors Talk Skype call. Probably just the buy side of the MM to II deals going through.

Still more accumulating going on, so a pull back is expected I think but only in the spread, so Goldi will still struggle to get back in for less.

[plat hunter] 23/8/2019 17:11

Chopper why the new account, what happened to the old one, prey tell?

[1madmarky] 23/8/2019 16:39

Just annoying that it delays the V.

[bookwormrobert] 23/8/2019 16:33

Hi Sleveen!
It's a fact that Jubilee have not yet triggered the 100% share option of EML yet.
Jubilee were likely waiting until the Sable deal completed (i.e. today) before making their next move. That would be only common sense.
I think Jubilee's next move will involve triggering the royalty, and then buying back all of it, or a decent percentage of it, in return for handing back their shares in BMR. But that's only my opinion.
I don't think Galileo will suffer too much from the delay in starting up the zinc circuit at Sabe. They were never going to be ready to ship ore by Q4 2019 anyway. The timeline now is far more realistic for them.

[deme1] 23/8/2019 16:28

MM1

Which makes me think this copper deal is gonna be legit!

[1madmarky] 23/8/2019 16:18

Both BMR and GLR faired badly with Cu taking the lead before the rest at Kabwe.

[sleveen] 23/8/2019 16:17

According to neubie on LSE BMR bb, don't know how true it is:

"Jlp have NOT triggered acquiring the 100% share option of EML !
please see ref updated shareholders agreement

If Share option is NOT triggered our entitlement for fixed % of potential royalty stream is not therefore triggered .

Please look at the term sheet ref exact facts on potential royalty stream .

You cannot gain in the future if it is not there. Simple it’s not rocket science
Yes vote to gain a future common sense with fact

No to a necessary sale and all that goes with it

So again a YES is the only option"

[sleveen] 23/8/2019 16:09

Despite what Goldi might say, BMR don't get a cent of the 11% royalty until the cap ex has been repaid.

And since Cu is being produced first at Sable then BMR will have to wait that little bit longer for any cash.

[sharenotes] 23/8/2019 16:00

Deme1,

You have to be a master of bankers’ speak to understand the precious metals movement, particularly gold.

Powell: The Fed will act as appropriate to sustain economic expansion.

Interpretation: Expect more rate cuts, but maybe not as quick as Trump or the market would like. Notwithstanding, lower interest rates, combined with global uncertainties will encourage investors to take a position in gold. Expect a choppy but increasing gold price.

[deme1] 23/8/2019 15:56

The deal has been done, so good luck to the disgruntled investors with that one.

[robers98] 23/8/2019 15:54

From LSE poster Minor Miner

Over at the BMR AGM, the resolutions on Directors and Auditors have gone to a poll by share holdings and the AGM adjourned.
Have BMR shareholders, hugely disgruntled at the sale of the immensely mineral wealth within Kabwe, organised themselves to take control of BMR and revisit the Kabwe deal?
Interesting.

[deme1] 23/8/2019 15:37

Metals looking strong again today

[lostabillion] 23/8/2019 15:37

Afternoon all, Goldi you’re showing all the signs of realising that you’ve dropped an almighty clanger by selling at the very bottom.

I did politely warn you that I thought you’d made a big mistake in selling last week.

Please don’t now fill this bb with negative spin, just either accept that you’ve dropped a boo boo and buy back in or move on like a grown up.

All the best whatever you invest in next.

[plat hunter] 23/8/2019 15:33

Goldi..

No one day trades JLP.

You need much more liquidity and spreads far cheaper than 9% to day trade