Jubilee Metals Share Discussion Threads

[kryptonsnake] 21/10/2019 16:35

Plat Hunter
17 Oct '19 - 20:18 - 15279 of 15300 0 0 0

So far, The price action is still playing out the April pattern and if it completes it the same way then well have 4.99 by Monday.

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LOLsss

Plats charting skills are hopeless

His new target for Galileo is 0.3. It's already pushing 0.5, up 11% today even after the placing

Watch this drop after the next placing


LOLsss

[lostabillion] 21/10/2019 16:08

Last chance to buy at 3.80p?

[adejuk] 21/10/2019 14:13

trend is still v +ve

[adejuk] 21/10/2019 14:10

ony back to 38% fib

[plat hunter] 21/10/2019 13:36

The April pattern has broke down but Ii the new higher low is above 3.40 I'll be happy enough

[gsg] 20/10/2019 22:02

deme.

Cape Lambert farmed into the Kitwe licence for peanuts before quitting.

Approx $500k development spend plus $150k milestone payments.

[deme1] 20/10/2019 20:59

3p placing for that bad boy

[1madmarky] 20/10/2019 20:51

GSG - that would certainly be worth getting out of bed for. :-)

[dave4545] 20/10/2019 20:31

GSG

I was just going to mention Ironveld here but seems you are already on the ball.

Think JLP might be one of the parties in talks to buy some or all of their assets.

4.4 mi cap but I do not know what this below can be worth ?

The Company holds unfettered rights to 56.4 million tonnes of magnetite ore, which the JORC compliant mineral resources demonstrates holds 1.4 billion pounds of Vanadium (the equivalent to four times annual global demand), 27 million tons of High Purity Iron in situ and 8.3 million tonnes of titanium. The Project ore body is near surface, enabling simple, open cast mining. The current resource does not include mineralisation on the Luge Farm prospecting right which is near to the current JORC resource and which is yet to be defined but is believed to have the same geology. The Company believes that given the potential size of the resources that a sale of the Company's mining rights may be in the best interest in the development of the project and the highest value to shareholders.

[gsg] 20/10/2019 19:34

Been poking around on the Zambia Mining Cadestre portal. It shows small scale exploration licence no 21853-HQ-SL covers the Kitwe copper/cobalt tailings dump.

Currently owned by Australian Mining Company Zambia Ltd, which appears to be a small Zambia registered company. They were attempting to farm it out to Cape Lambert, however they have pulled out as they have other priorities. The licence lasts until 2021. I believe it is the closest tailings dump to the Kitwe town centre.

The mining licence for the tailings dam is currently showing as "pending transfer". The dam apparently contains 17.7m tonnes of tailings, at a grade of 0.43% cobalt and about 0.75 copper. The dump has a footprint of 750 x 650 metres and is up to 15 metres in height.

Just wondering who the "pending transfer" will go to? Would'nt be a surprise if JLP picked this licence up.

edit.

Quote from Gareth Owen. Jubilee Business Development Manager.

“The Kabwe project marks Jubilee's entry into Zambia but we have further plans. We are looking at a few copper-cobalt projects in Kitwe (the second largest city in terms of size and population in Zambia), which has been slightly behind economically recently."

[1madmarky] 20/10/2019 17:00

That would be VERY nice indeed

[plat hunter] 20/10/2019 15:58

"This year’s annual LBMA/LPPM meeting was held in Shenzhen, China and ended on October 13th and the unofficial average price predictions for the four major precious metals for a year ahead were as follows:

Gold $1,658
Silver $23
Platinum $1,182
Palladium $1,924.

So although delegates were decidedly bullish on gold they were even more so on silver and platinum, both forecast to rise over 30%, with palladium and gold up around 10% and 11% respectively."

[gsg] 20/10/2019 09:40

More evidence suggesting that the SA PGM industry is awash with cash.





The fortune of SA’s PGM sector

"Cash generation is so strong at Impala Platinum (Implats) that the company may not need bridging finance in order to complete the $758m purchase of Toronto’s North American Palladium (NAP) it first announced – to much surprise – on 7 October."

"finweek has already expounded this year on the health of South Africa’s PGM sector. According to a report by Citi’s Johann Steyn, there are now no companies in the sector in SA producing negative cash flow. Compare this to the 60% of the sector that was loss-making in 2017.

A report by RBC Capital Markets at the beginning of October observed that the improvement in the fortunes of Anglo American Platinum (Amplats) as well as Kumba Iron Ore had also completely rubbed out the need for Anglo American to tackle ‘the SA discount’."

[plat hunter] 19/10/2019 12:44

LSE is not the sharpest and still living in the past.Market hasn't yet woken up to the Earnings here I doubt they're having kittens over a pump and dump licence that everyone in SA has owned at some point.I could be wrong though and welcome any rise of course.

[deme1] 19/10/2019 12:15

Post from over on LSE




Tjate Rise?Today 05:10
Morning all! Have mentioned before but is anyone here subscribed to this site?
hxxps://www.l2b.co.za/Project/Tjate-Platinum-Limpopo/1462
i note last updated 17 October - Thursday
Could just be coincidence? but thats when we hit around 4.10..... could this weeks rise be to do with Tjate?

[plat hunter] 19/10/2019 07:59

It certainly suggests that news is travelling

[gsg] 19/10/2019 05:57

Thanks PH.

Flattering for JLP that unrelated investors can see Jubilee's near term income stream and are hoping it can bail them out.

[plat hunter] 19/10/2019 00:05

Sidanye have a holding in Ironveld, pursuant to the sale of the smelter.JLP however sold the smelter to sidanye in the first instance but thats where any association ends, to my knowledge.I think someone might be trying to ramp their stock by claiming that ironveld will some how benefit from JLP's operational projects and earnings.Who knows though... Conroast could be back in play and we might be after a smelter and power station again lol..No I'm not sure what they're trying to say tbh.

[gsg] 18/10/2019 21:13

Comment relating to Jubilee on the LSE Ironveld bb. Not sure if there is something in it, or whether its rubbish. Can anyone clarify? Siyanda Smelting? I thought JLP had sold the smelter to them in 2015?


where will this go.....Wed 16:24
Interesting statement from Accounts of Jubilee Metals Group - parent company of Siyanda Smelting who we have our smelter deposit with

"Project Pipeline
Jubilee is well positioned to secure a significant position in the global metals recovery market as it continues to refine its project execution schedule for various targeted pipeline surface processing projects. These pipe- line projects offer significant growth potential in the short term and we are actively in discussions to secure further such surface projects."

[kryptonsnake] 18/10/2019 18:49

kryptonsnake16 Oct '19 - 17:09 - 15225 of 15299 Edit
0 2 0

How much higher until you break even nelson? I want to come and watch as your break even point slips further away. Don't say I didn't warn you

Colin is ready with his cannon


LOLsss


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I did say Colin was dusting off his cannon. I bet Plat polished it for him

Jubilees turn soon. Another placing for another project that won't pay off for years

What's your answer nelson? I'll just take a guess at your average and say 10p?


LOLsss

[goingforarun] 18/10/2019 17:40

Will only happen with an RNS?

[plat hunter] 18/10/2019 16:56

April pattern was a pull back to 2.75 following a breakout from 2.70 before re-rating on a second leg up to 3.45. Leading us to the current pull back to 3.70 from a breakout above 3.60

Set up here suggests a second leg up is still on the cards. I would have liked it today but fingers crossed for Monday. I would go as far to say that the pattern breaks down if we don't get the second leg on Monday.

[sleveen] 18/10/2019 14:33

Unlikely to be a JLP placing in my view.

On the bright side I bought back the GLR shares I sold a few weeks ago ;-)

[bookwormrobert] 18/10/2019 14:06

I'd say the Galileo placing today was painful but necessary.
It removes almost all uncertainty from the financing of the project, leaving the share price free to move back up.
As a Galileo shareholder, I was hoping for less dilution. But the placing today (and all the 0.6p warrants still to be exercised) mean that the company has enough money to get Star Zinc into production.
Now it's just a question of getting the small scale mining licence and concluding the offtake with Jubilee. It's a pretty good picture overall.
I'm a buyer of Galileo shares at the current share price.