Jubilee Metals Share Discussion Threads

[kennyp52] 11/12/2019 09:05

Is JLP making a maiden profit or not ? Has it made acquisitions with the placement funds to boost profits further or not ? Is the basket price increasing or not ?

[aceshi] 11/12/2019 08:56

.... Captain Topup

[aceshi] 11/12/2019 08:49

Not gonna happen Platt. Doesn't fit your narrative but undeniably the hard truth.

[sleveen] 11/12/2019 08:12

Just bought 150k @ 3.9p.

Seems like a fair risk v reward at 3.9p.

[gsg] 11/12/2019 07:42

Zambian youth launch video on Kabwe’s toxic lead

"Environment Africa’s Elizabeth Njovu said the Zambian government is addressing the problem through a World Bank-funded project, but more still needs to be done to accelerate change and deliver benefits to residents of Kabwe, a city of about 225,000 people some 150 kilometers north of Lusaka."

[1madmarky] 11/12/2019 07:25

Cheers pireric- good to get additional feedback from on the ground . For JLP it does sound like minimal direct impact. I'm sure after last year diesel generators where installed at hernic.

[lostabillion] 11/12/2019 07:21

Kalan, imo this is your chance to get back in at 4p or a shade under if you’re lucky. Big bounce coming I think.
Time will tell.

[sleveen] 11/12/2019 07:20

pireric/mikebolle1

Thanks for the load shedding info.

[mikebolle1] 11/12/2019 07:09

Jip, stage 7 is when Eskom comes to your house and take your candles. At stage 8 they take your wife because she is your "light in your life".

[pireric] 11/12/2019 06:28

Would just say that that was directly referring to Stage 6 loadshedding, which happened for the first time ever but lasted only 5-6 hours if I remember correctly. Back to stage 2 now.

[sharenotes] 11/12/2019 06:25

Perceptions/emotions - that’s the nub of of the issue, mikebolle1. Regarding precious metals, throw in algorithmic trading and price derived from paper contracts and many of the comments here are way off the mark. JLP has never been in a stronger position, period.

[mikebolle1] 11/12/2019 04:59

I quote the Business Day: "Impala Platinum, the world's third-largest platinum miner, and Harmony Gold both said they had stopped their night shifts because of the power shortages.

“It’s very serious. We are not able to produce. What we lose today we can never catch up. If you lose a production shift it’s gone for good,” said Implats spokesperson Johan Theron.

“No mine in SA is able to operate or have production at this level power,” he said, noting that mines had to pay salaries despite losing production.

The Minerals Council SA noted some of its members had also hoisted night shift workers to the surface.

“I can confirm there are a number of other mining companies considering the same thing because they can't take the risk of employees stranded underground due to power cuts,” said council spokesperson Charmane Russell."

This should really put loadshedding in the right perspective. I agree 100% that the impact is not directly felt by jlp but it is the perceptions/emotions which impacts on our share price There's a lot of debate on here about us moving down into the 3's territory. But what do you expect from a small boat on rough seas? Must it sail straight, not taking any water on board? Seriously? This is exactly why i invested in jlp's business model. We can produce when the big boys can't. Once the seas are calm again, and its happening as we speak, jlp will be one of few who survived and will continue its straight line sailing into a beautiful sunset...this time it will be faster

[aceshi] 10/12/2019 21:01

Hey newbe FredI don't wish the share price lower.I wish management would quit with their addiction to the Cannon.This remains the tainted legacy of the company's underperforming share price Nothing I, or anyone else says, can influence the negative effect these dilution events have had on share price growth. Check it out. Study the share price history in relation to the timing of JLPs placing events, over the last decade. It's the never ending story. Always another deal too good to pass up, just when the momentum feels like it's shifting.

[plat hunter] 10/12/2019 20:50

Copper on the rise too.Https://www.mining.com/copper-price-rally-builds-on-all-time-high-china-imports/

[plat hunter] 10/12/2019 20:46

2.5% for one day on the physical is massive.Only need a week of that and the compounded gain is nearer 25%

[pireric] 10/12/2019 20:16

And it is at the margin. Platinum + 2.5% today from this directly. But at the same time, 2.5% for platinum is hardly a mega move. Which again reflects that this isn't deemed a super serious issue.

It is however annoying for South Africa's economy, and their credit rating. Concerns that it might drive a recession, leading to the ZAR weakening. Which is slightly positive offsetting news for JLP. But again, we're talking tiny margins.

[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