Jubilee Metals Share Discussion Threads

[plat hunter] 10/12/2019 20:14

The load shedding should help support basket prices as less of the of the stuff comes out of the ground.

[pireric] 10/12/2019 20:13

It feels it from a high level perspective (I own SLP not JLP but same issue). It's not like there has been 4-5 days of zero production. It's probably 4-5 days of 80-90% efficiency, which in the grand scheme of both these companies investment cases isn't that material at all

P.S. Loadshedding are liquid. Stepping down to Stage 2 this evening now, from Stage 3.
I think you can be concerned about the next quarter's production if you get Stage 6 for 2 weeks. But hell of a long way off that, and so far this year, there hasn't been that much loadshedding at all. So like I said, I think it's a short term nuisance rather than anything serious for investors here (bloody annoying though if you live in SA and you're without power for 2+ hour spells, 2x+ a day)

[the skipper] 10/12/2019 19:54

Thanks pireric, sounds like a storm in a teacup as far as JLP are concerned, and if I am not mistaken Inyoni is run off gensets or has them as back up if that's what the blue things with yellow lids are in pictures 9 and 10 from the photo gallery:hxxps://jubileemetalsgroup.com/inyoni-operations-photo-gallery/

I would hazard a guess that they also have gensets as back up at some of the other operations.

[pireric] 10/12/2019 19:39

Around Eskom's loadshedding in South Africa (basically rolling power off parts of South Africa's power grid at certain times). When it gets to Stage 4, 20% of different parts of the grid is unserved at rolling periods. Higher the stage, the higher the outage, lower the stage lower the outage. Currently pulled back to Stage 3 this evening. Actually got to Stage 6 yesterday which meant some underground mines elsewhere in the country couldn't risk operating. With weather improving, would think should get back to Stage 2/1/none during next week.

Weather has been dreadful this week, and looking at Eskom's schedules (according to local press), this was the big risk week over their Summer period due to lots of plant maintenance ongoing. Plants are rumoured to be diabolical which is a medium term issue for the country to solve, but that has been the case for years. So nothing exactly new there.

Imagine JLP will have been impacted at the margin. But doubt it's anything more than a nuisance as it stands as these guys operate at the surface, and with tailings, surface deposits etc. PDL already planning to get back to mining action now stage 6 is over, PAF, BMN etc. have hardly sold off at all.

Rhodium >$6k a tonne hitting fresh highs. Palladium at all time highs and knocking on $2000/t. And Platinum >$900/t as we speak. Rand also slightly weaker due to Eskom stuff.

[niloc4] 10/12/2019 18:19

soon you will called lostatrillion

[niloc4] 10/12/2019 18:18

pitty the share price isn't moving

[nelson01] 10/12/2019 17:13

IMO the precious metal boom has only just begun. During the next few years I believe
We will see platinum above $1,500 and maybe higher.

[lostabillion] 10/12/2019 17:04

Just read through about 80 posts of pure noise.

Meanwhile whilst the kids are playing and name calling the price of Platinum is surging!!

[bullster] 10/12/2019 16:52

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CRUX: DRDGOLD - Tailings is a New Investment Class

We like tailings as an investment category. It's de-risked mining. No geological risks. It's safer. You could argue it's greener. And there are hundreds of millions of tonnes at surface all over the world waiting for value to be extracted.



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[adejuk] 10/12/2019 16:24

there are many on here who hold much more and are as optimistic as am i

[adejuk] 10/12/2019 16:23

btw, i held a bar at almost zero
now i hold 2 bars + at about 2p

[adejuk] 10/12/2019 16:20

first braemore
second jlp
br almost delivered
i believe jlp will deliver handsomely
now i will batten down the hatches as i wait for the schoolyard bullies and willy wavers

[mutley walters] 10/12/2019 16:18

What is it that you have waited 20 years for?

[adejuk] 10/12/2019 16:06

i've waited almost 20 years. this is the second coming for me.

[gsg] 10/12/2019 16:06

Palladium just breached the $1900

[adejuk] 10/12/2019 15:53

playground testiculating
so tiresome

[plat hunter] 10/12/2019 15:45

End of year 2019 is June 2020 you tool lolz

[bspgamer] 10/12/2019 15:35

£1 but 1p more realistic

[bspgamer] 10/12/2019 15:34

Your was running a price syndicate for end of year prices of share price didn't someone speculate a £1 pmsl

[bspgamer] 10/12/2019 15:33

Keep to your racing tips bulster, your ramping here is like flogging a dead horse

[rescuer] 10/12/2019 15:28

Bullster - any news on which, if any plants have been effected by the flooding and power outages in SA ??

on BBC news at the moment.

thank you