Jubilee Metals Share Discussion Threads

[lostabillion] 20/2/2020 12:55

Sshhhhh Nelson, two more tranches for me but the first not til next week!

Keep that DP down for a fraction longer:-)

[nelson01] 20/2/2020 12:48

I repeat, no need for a further placing.jlp should have $20 million in the bank within a few months when they receive payment for the last few months production. At this basket jlp will be making at least 7 million per month.

[nelson01] 20/2/2020 12:44

You weren't very good at smelling bmr going bust or wres going down 50%

[robers98] 20/2/2020 12:19

Other company news
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Tharisa not likely to be a wallflower for much longer, as PGM basket price soars

Tharisa not likely to be a wallflower for much longer, as PGM basket price soars

Who will dance with Tharisa PLC (LON:THS)? The company has been a wallflower for some time, as other platinum group metals producers have grabbed the attention in the context of a soaring basket price and renewed interest in the sector.

But Tharisa’s absence from the dance floor won’t last long. Already it’s got one suitor, Fidelity, which recently took its stake to 10%. And where Fidelity leads it seems likely others will follow.

And that’s not just because having one of the world’s largest asset managers rapidly go to 10% is a sign of desirability.

No, there are hard numbers to support the contention too.

Last year’s revenue split between chrome and PGMs was, as far as investors were concerned, roughly even. This time round though, for 2020, the split will move to around 70% PGMs and 30% chrome. And, as things currently stand in commodities markets, the margins on Tharisa’s PGM production will be extremely attractive, while the company will make a smaller profit on the chrome.

The net effect is likely to be a doubling of earnings on increased PGM production, with a distinct possibility of a sharp re-rating, if the market hasn’t already caught up by then.

The key to the optimistic outlook is the breakdown in Tharisa’s PGM basket. Around 55% of production is platinum, which has enjoyed a modest uplift recently. More significantly though, around 17% of the basket is palladium, which has had a stellar run, while around 10% is rhodium, which has also done very well.

And we are not just talking a few ounces here or there. On the contrary, Tharisa is South Africa’s sixth largest producer of PGMs, and is expecting output to increase this year to between 155,000 and 165,000 ounces.

The current basket price for PGMs is fractionally under US$2,200 per ounce, more than double the US$1,000 that the company achieved last year. On a conservative 130,000 ounces of gold that puts and additional US$130mln onto the top line.

It’s not a number to be sniffed at, and once investors begin to get their heads around Tharisa’s current positioning the dance offers are likely to come flooding in.

[nelson01] 20/2/2020 12:05

Jlp will also have to be careful not to overpay for any deals that come along. Metals will not keep going up forever, in fact palladium must be due a large correction soon.

[scrappycat] 20/2/2020 11:56

If there is to be further dilution, it will, imo, be used to purchase an asset (i.e. a tailings dump), and this does not equate to dilution since it will ultimately lead to a significantly increased income, well in excess of the cost of a share issue. Furthermore, it would add to the reserves that, in common with a mine, are continuously being depleted.

Consequently, alpat, the answer to your question is, I believe, no.

[alpal2] 20/2/2020 11:40

Will the last confetti issue [at 4p?] be a dampener as some of those decide to exit above their break-even price?

[mikebolle1] 20/2/2020 11:38

JBL up 6.76%, so far

[dancing fred] 20/2/2020 11:21

This is just the start of the bull run. Why would anyone want to sell now.

[pshevlin] 20/2/2020 11:19

At last some upward movement.

[undertaker] 20/2/2020 11:03

Anyone know of a way we can get a price graph of the BBI?

maybe a website already exists where Bullster could input his BBI values whenever he wants, I could then create a link to the graph in the header.

If anyone has any ideas let me know.

cheers

[gsg] 20/2/2020 11:00

Normally talk of mm manipulation is mostly tosh, however occasionally they are quite skilled at putting the odd disguised delayed trade in to shake a few out when required.

[deme1] 20/2/2020 10:48

since the start of Feb, SLP had a little retrace to around 35p, it is now sitting at 66p. Almost 100% gain in 20 days!

JLP is in the same space yet we are slumming it!

[boris cobaka] 20/2/2020 10:33

Talk about canary in the gold mine.

Metals are looking strong again today even in the face of a rallying dollar. This has been the case for quite a few sessions now.
Market s may 'pop' very soon perhaps. Although it might be quite a correction I'm not sure the so called melt up is over just yet.

[marmar80] 20/2/2020 10:16

Of course Galileos p&d should help a little too

[marmar80] 20/2/2020 10:15

Disagree. Jlp is turning back up as it is touching the support line in the upwards 3yrs channel.

[kryptonsnake] 20/2/2020 10:12

Jubilee rising on the back of Galileo's pump and dump. Probably a few new seals pups buying in here ready to be clubbed by the cannon


LOLsss

[sleveen] 20/2/2020 10:03

GLR is just a few holes in the ground until funding and the license are resolved.

[marmar80] 20/2/2020 09:50

Pity no available funds to add right now

[tebboc] 20/2/2020 09:49

She's ready to blow