Jubilee Metals Share Discussion Threads

[deme1] 28/2/2020 14:50

Not trolling and still holding more than enough of these.

I just find it strange that a large number of trades are going through just below the ask. This has been happening for the last week.

[plat hunter] 28/2/2020 14:48

Kick Aces out too, he's another cretin.

[undertaker] 28/2/2020 14:41

I'm starting to think that Deme1 is crossing over into Troll territory!

I don't like Troll's.

[deme1] 28/2/2020 14:37

I am starting to think they put through loads of small trades to artificially hold the price up.

[niloc4] 28/2/2020 13:57

Now you can understand why the Mighty Leon Buys no shares in Jubilee. What an absolute CON MAN. You are good are CONNING OTHERS TO BUY SHARES BUT U DONT HAVE THE GUTS AND GAUL TO BUY INTO A COMPANY THAT U RUN. You are truly a little coward man

[niloc4] 28/2/2020 13:52

Great work Leon. You are the master at destroying shareholder value. Jubilee share price has not reacted positively to the increase in metal prices like other mining companies have. This has been going on far to long. You truly are a liability.

[sleveen] 28/2/2020 13:51

Give it a rest.

[kryptonsnake] 28/2/2020 13:50

Volume increasing on WRES and it's moving back up

This dog is staying down


LOLsss

[adejuk] 28/2/2020 13:47

i expect 3.25

[adejuk] 28/2/2020 13:47

gfr
totally agree but we are in the midst of a percieved catastrophe. -entirely fantasy of course, but fantasy has always driven the markets and i would not like to call a halt to what is happening
i wait for what i think may be the bottom here and will happily buy ano million
we'll see
good luck

[goingforarun] 28/2/2020 13:43

Still see this share price as a massive over-reaction. Basket price, as mentioned by Leon, is up $400-500 per ounce. Even with the current sell off the Basket is down maybe $150 so still $250+ from previously. On top of higher output still massively positive from where they were? $250x66k ounces = $16.5m extra?

[deme1] 28/2/2020 13:37

Plat keep a lookout for 550k shares at around 3.37p

[danieldanrichardson] 28/2/2020 13:36

Pushing your luck deme. Perhaps you need banishing to the other board again..

[adejuk] 28/2/2020 13:33

strong support around this share price - 3.25
and the gap is filled

[adejuk] 28/2/2020 13:33

we may be getting close to a reversal

[robers98] 28/2/2020 13:21

Northam Platinum delivered a stellar financial performance in the six months ended December 31, with normalised headline earnings up 240% year-on-year at R1.9-billion.

This was on the back of record production of 306 738 oz of platinum, palladium, rhodium and gold (4E) from its mines in Limpopo.
This compares with the 256 461 oz of 4E produced in the six months ended December 31, 2018.

Northam on Friday reported a record operating profit of R3-billion for the six months under review. This was 187% higher than the R1-billion operating profit generated in the prior comparable period.
The group’s operating profit was supported by a high average basket price achieved of $1 443/oz of 4E, which was 42.4% higher year-on-year.

Although the company returned R2.4-billion in value to shareholders through the purchase of 32.5-million Zambezi Platinum preference shares, the company had not declared a dividend. The company said it would consider dividends in the medium term, once it had de-risked its preference share structure to satisfaction.

“The way Zambezi is structured gives us a very obvious and powerful way to return value to shareholders through the purchase of the Zambezi preference shares. This process had started and we would continue doing this by applying free cash over and above our targeted net debt position,” said CEO Paul Dunne.
Meanwhile, Northam has since 2015 spent R1.8-billion on acquisitions, which added 48.8-million ounces of 4E resources, two concentrator plants with a combined milling capacity of 500 000 t a month and other infrastructure to its portfolio.

The cumulative expenditure to date on developing these projects had totalled R8.3-billion, while the company expects capital expenditure for the current financial year to reach R2.7-billion.

Northam stated in its results release on Friday that its Zondereinde mine was on track to produce 350 000 oz/y soon, as a result of a Western extension and deepening project.

Dunne reported that the Zondereinde mine had experienced a challenging operating period in the six months to December 31, owing to a fire that broke out in July last year, which resulted in business interruption.
The mine was also impacted on by power cuts implemented by State-owned power utility Eskom, and the death of an employee owing to a fall of ground. Nonetheless, Zondereinde contributed 162 380 oz to the group’s production in the six months under review.

The Eland mine’s concentrating plant was undergoing recommissioning, while development of the mine’s Kukuma shaft was progressing well.

Northam expects the Eland mine to produce 150 000 oz/y once its shaft and plant activities are finalised. In the six months under review, the mine produced 16 000 oz.

In the meantime, the operation was treating material through its chrome spirals and secondary platinum group metals (PGMs) circuit. The primary underground development of the mine would be a focus area for the company in the next 18 months.

The company’s R5.6-billion Booysendal South mine development progressed according to plan and budget during the six months under review.

Combined, the Booysendal South mine and the existing North and Central mines were set to produce 500 000 oz/y soon.
The combined production from the Booysendal North and Central mines was 132 529 oz of 4E.

Dunne pointed out that the six months under review had not been without challenges, as the mining industry in South Africa was faced with a number of risks.

These included the inability of Eskom to provide a reliable source of energy and crime taking its toll on the industry in various forms – illegal mining, attacks on processing facilities and the theft of products in transit.

Dunne called on government to establish a special mining policing unit, as well as provide enabling legislation to encourage greater investment in the industry.

On the market side, Dunne said PGM prices, particularly for rhodium and palladium, had had an extraordinary run in the six months under review.

He said favourable prices for these metals had been driven by industrial demand on the back of stricter automobile emissions regulations in Europe, India and China.

This while the price of platinum had remained relatively soft in the six months under review.

“Our operations were performing well and we expect to deliver a solid performance for the full financial year. We are well positioned to benefit from stronger PGM prices,” Dunne said

[deme1] 28/2/2020 13:12

interesting that my trade is not showing.
I wonder how many more large sells are being masked.

[deme1] 28/2/2020 13:10

That maybe, but if we are not getting results for another week or two then this will likely go a lot lower.

One concern now is that IF JLP had a placing in the pipeline then this market crash could hamper that deal.

[undertaker] 28/2/2020 13:08

Will update the BBI in header, when available.

[deme1] 28/2/2020 13:05

Dare I even say 2.5p!

[lostabillion] 28/2/2020 13:05

Really not bothered Deme1, I’m here for 40p not some viral blip.

Jubes revenue is now more than its market cap.

[deme1] 28/2/2020 13:05

Wanted to offload more, can't even get a quote for 200k shares.

This virus has a long way to go. China may have it contained (Can't believe what they say) but the rest of the world is starting to catch.

Hopefully pal and rhodium will hold up in the market downturn or else we are defo testing 3p support.