Jubilee Metals Share Discussion Threads

[deme1] 20/11/2019 15:29

Placing shares effective from tomorrow.
I wonder how the share price will pan out throughout the day

Gla

[gsg] 20/11/2019 13:33

robers. The only problem with Mike Henry taking over as CEO of BHP is that he's been in charge of their Australian operations for the best part of the last decade, so it was probably his decision to stick the boot in on JLP's Leinster asset. Maybe he'll have a change of heart.

[robers98] 20/11/2019 13:15

Rhodium in “fourth major price surge” in history as above ground stocks diminish

THIS report is unique and different from other market reports on rhodium in so far as it estimates the quantum of above-ground rhodium stocks. I am of the opinion that the reported stock balances cannot be sufficiently explained without an understanding of the quantum of above-ground stocks.

Research provides historical trends and estimates of vaulted above-ground rhodium stocks globally and by region between 1993 and 2018 for China, North America, Japan, Europe and the Rest of the World. Furthermore, the report differentiates between vaulted above-ground stocks and industry above-ground stocks (stocks held by refineries, industry, vehicle manufacturers, financial institutions and private investors).

Rhodium stocks are finite. The supply of rhodium depends heavily on the South African PGM industry which supplies c 82% of global production (JM). The bulk, c. 85%, of demand for rhodium is used in vehicle catalytic converters for the reduction of the oxides of nitrogen in exhaust emissions. Rhodium is the most effective catalyst for the conversion and reduction of the oxides of nitrogen, there is no substitute.


This review provides an insight into the future supply and demand of rhodium in an environment of a decline in supply and an increase in demand, and their combined impact on the price of rhodium.

The demand for rhodium is set to take a 10% step change upward with the adoption of China 6 emission standards. JM also expects rhodium autocatalyst loadings to increase in other regions to comply with more stringent vehicle emission and testing standards. The tighter heavy-duty emission regulations and testing standards are scheduled to be implemented between 2019 and 2024. These standards will apply in major vehicle markets.

[robers98] 20/11/2019 13:11

BHP boss's flea in his ear
Activism was likely one of the reasons that BHP's Mackenzie has decided to call it quits, having faced more than two years of criticism from investors about the mining giant’s strategy.

He will be replaced on New Year’s Day by Mike Henry, current boss of the group’s Australian minerals arm, the FTSE 100 group said in a statement.

Henry, who has been at the company since 2003, has “deep operational and commercial experience” across continents and “is the perfect mix for our next CEO”, said chairman Ken MacKenzie.

Canada-born Henry pledged to “unlock even greater value from our ore bodies and petroleum basins by enabling our people with the capability, data and technology to innovate and improve”, also noting the group’s need to “reduce our impact on the environment”.

Last week at the Anglo-Australian giant’s annual shareholders meeting, 27% of votes were cast were in favour of a resolution to cut ties with groups that lobby on behalf of the fossil fuel industry.

Investors, led by New York activist Elliott Advisers, have been haranguing the company frequently over strategy in recent years, with Elliott buzzing like a flea in Mackenzie’s ear since 2017 and successfully agitating for an overhaul of strategy and a sale of the loss-making US oil and gas business

[deme1] 20/11/2019 11:52

So this would have been initiated 90 days ago,
so 90 days ago the share price was at 3p!

Broker - Mr x we have an exciting oppertunity for you to partake in a placing at 4p per share with JLP

Mr x - Why would I partake in a 4p placing when as of today I can buy into jlp at 3p?

Broker - we have been rumbled, who is next in the phone book.

plat you are a tool sometimes (most of the time)

[the bull] 20/11/2019 10:19

Look on the bright side, more shares in issue, still around 4p, bigger market cap and endless chances to top up before the share price really does rocket

[kryptonsnake] 20/11/2019 10:06

Jubilee holders are used to the share price falling to the ground

but do they know why it falls?

Deme knows it's because of Colin's cannon


LOLsss

[mikebolle1] 20/11/2019 09:47

"Knowing that apples fall to the ground is one thing, knowing why is another."
Good one Plat 🤣

[niloc4] 20/11/2019 08:48

Leon has NO RESPECT for the long term investors.

[niloc4] 20/11/2019 08:46

Leon either drops a RNS explaining no idea why the companies share price is rising or he issues shares. These stop all further movements in the share price.

[kennyp52] 20/11/2019 08:44

deme1 ... you really do not understand it do you ?

[deme1] 20/11/2019 08:34

The BOD really know how to stop the share price in its tracks!

Going from some big announcements followed up by a week or so of high trading activity, to the placing announcement and flatline!

[1madmarky] 20/11/2019 08:26

The 3k was conservative

[sleveen] 20/11/2019 08:11

True, but the target was 60k tonnes to produce 3k oz PGMs. So 5.3koz = 100k? tonnes tailings nearly a years worth. There are probably some efficiencies still to come, but there were 400k tonnes of tailings transported to Eland.

Given the pressing need for cash, that 400k tailings may well be 4 months supply. 6k oz would give around $3m/month in operational earnings (ignoring the transport cost of around $300k/month).

[1madmarky] 20/11/2019 07:33

Sleveen - we do not know how many tonnes were processed. Very unlikely to go from cranking the handle to 120k per month in a period of 6 or7 weeks. Plus the feed material is higher grade at Windsor.

[sleveen] 20/11/2019 07:28

robers, 1MM

That's one of the underlying issues with JLP.

Barring Kabwe/Sable, the other operations are short term.

To get 6k oz Plat at Windsor implies around 120k tonnes tailings are processed each month, that's around 1.3m tonnes ie less than the recent $5m purchase of tailings.

A great deal but JLP need many more of those.

"Windsor...delivering 5 337 PGM ounces for the month of September 2019 alone, which is more than double that of the PGM ounces produced from the Inyoni Operations"

[lostabillion] 20/11/2019 07:15

Is anyone watching Guilt on TV?

Watch the first 2 or 3 minutes of episode 1.

First person to get what I’m talking about is the winner!

Hint JLP related ;-)

[robers98] 19/11/2019 23:58

Just watched another episode of Gold Rush, which shows what happens to plant and machinery when you have no material to process. Anyone now invested in jubilee should be in no doubt now that we have several plants and controlling the run of material. We will need ensure that we have enough material with chrome or pgms or copper or zinc, etc.

Deals will need to be done in what form we will have to wait and see. But what we don't want is plant sitting around idle or not at nameplate capacity because we have nothing to process.

Now where is that Windsor update, must be something before the 6th December.

[timhigginson] 19/11/2019 22:43

Not to be a party pooper but I remember the share price being 4p two years ago and we are still at 4p today.

Hopefully this will change shortly.

[nelson01] 19/11/2019 22:28

Kenny52...please don’t feed the troll anymore, you’re just encouraging him to stay alive. Everyone who matters can see he is a complete imbecile who thrives on the attention.