Jubilee Metals Share Discussion Threads

[sharenotes] 30/10/2019 06:37

Hi boris, good to hear from you again – I hope all goes well. The Fed’s activity in the repo market is a strong indicator that credit is freezing up amongst the financial institutions. It’s really more QE, although now somewhat disguised. Without this activity there would be a stark inversion in the bond market. As long as the Fed continues on this track I expect the stock market to do well – but it is a grand illusion, no doubt.

[frogkid] 30/10/2019 05:51

Thank you Platty

[1madmarky] 30/10/2019 04:50

Kenny- I agree to some extent but if they reveal that Windsor PGM production confortably beat hernic (which it should do IMHO) then we should be in for another jump up. If this is the case, they should have enough money coming in to be self funding. Unless Leon has found something really big that he has set his heart on! Roll on next week's update...

[boris cobaka] 30/10/2019 01:27

Metal prices are at the point of a major move either way. Fed announcement, gdp figs and Oct employment numbers all out over the next 3 days. So which way will it go???

My gut feel is that gold will be 'taken down' and thus the miners etc will follow suit but it is likely to be one of those capitulation events. Gold could be taken down to $1450 fairly easily but if they could manage an extreme move then $1375 would be the floor imo.
The Fed not cutting, coupled with good gdp and employment numbers would give them a good opportunity to hit that level. That may be a tall order but if the Fed signals a halt to cutting due to a buoyant economy I feel it'll more than likely happen.
To prevent this even hitting $1450 we'd need to see not only a interest rate cut today but the Fed hinting at the likelihood of further cuts especially if the other numbers are bad.

Will be volatile though. Exciting times and jlp finally breaking out.
Gl.

[kennyp52] 29/10/2019 21:34

This will only solidify when we get some audited figures IMHO

[plat hunter] 29/10/2019 19:45

My take on it is that Northam may contract JLP as turn key solution to make the purchase a commercially viable proposition.Northam could be going in on top of the 1 million tonnes we've just purchased to process at windsor and eland perhaps as a test project.Lots to pontificate in this... We could keep the fine chrome and split the PGM's

[frogkid] 29/10/2019 18:26

Cant get that on me phone Mike. What's the succinct version please?

[mikebolle1] 29/10/2019 16:47

"NORTHAM ACQUIRES THE MAROELABULT ASSETS FOR R20 MILLION

Northam is pleased to announce that its wholly owned subsidiary, Eland Platinum Proprietary Limited "Eland"), has entered into an agreement with Barplats Mines Proprietary Limited, a subsidiary of Eastern Platinum Limited, to purchase the Maroelabult assets ("Maroelabult assets") including the mining and surface rights, infrastructure, equipment and associated fixed and movable property, for a cash
consideration of R20 million ..."

I like this part: "Upon implementation of the transaction, Eland will assume the environmental rehabilitation liabilities associated with the Maroelabult assets in accordance with the transaction terms."
"The property on which the Maroelabult assets are located lies immediately west of Eland mine and the UG2 orebody on these two properties is analogous."

[mutley walters] 29/10/2019 16:42

That thought had occurred to me it has happened before

[aceshi] 29/10/2019 16:26

Market reaction to JLP reverting back to a sales pitch presented by the one hit wonder.

[plat hunter] 29/10/2019 12:38

Poor day here today... Colin related or the sales being booked in to reconcile tomorrows buys

[niloc4] 29/10/2019 11:57

Colin should stay at the caravan park eating roosters and doughnuts. He's a true idiot

[juju44] 29/10/2019 11:31

Colin is a total idiot but he made a fortune out of talking up JLP and then jumping ship himself before reality collapsed the shares . I wouldn't believe his oath

[robers98] 29/10/2019 11:28

Needs to be given a script by Leon and stick to it.

[mutley walters] 29/10/2019 11:14

I personally think it is a mistake for Colin to do the presentation. Leon has done well in restoring our reputation and few will believe anything Colin says. I would rather the presentation does not go ahead if its Colin.

[ginko3] 29/10/2019 09:54

This is the bit I like

"“You can’t be around forever and not pay a dividend,” he says."

[deme1] 29/10/2019 09:20

www.proactiveinvestors.co.uk/companies/news/900620/we-have-a-niche-a-brand-and-credibility-says-colin-bird-as-jubilee-metals-cashflow-opportunities-multiply-900620.html

Been posted before, but worth another read

[deme1] 29/10/2019 09:12

So What is everyone expecting from the Windsor update next week?

The way Leon was grinning, I am expecting nothing less than exceptional early results

[deme1] 29/10/2019 08:51

website looks a little wierd now that they have changed the name from Hernic to Inyoni

[deme1] 29/10/2019 08:18

He does blurt things out but timescales could be questionable.

I remember him mentioning mid cap about 4 years ago.

He also mentioned getting on the first plane to China when the Tjate license dropped.

I would much rather Leon do the talking, then again I'd rather Leon focus on operations and not waste time in investor conferences.

[1madmarky] 29/10/2019 08:12

dme- yep . If Leon was there I'd go, but Colin..... , really just waffles, but he does have a tendency to go off script and blurt things out. So you never know, could be worth going for the odd juicy bit. As long as here doesn't screw things up.

[frogkid] 29/10/2019 07:58

They're under starters orders...

[lostabillion] 29/10/2019 07:33

I’m rounding up with another 65494 before the week is out ;-)