Jubilee Metals Share Discussion Threads

[maturo] 05/3/2020 22:39

snake and ladders
REF - Dead cat bounce over

When will you do get it right?
saying you have made money shorting here
not even your mum will believe it
on looking at this week posting by you
you don't get not even 1 right

Get lost and tell porkies somewhere else

[goingforarun] 05/3/2020 22:15

By a Friday!!

[plat hunter] 05/3/2020 22:10

5p by friday

[master rsi] 05/3/2020 21:40

6 large trades on the last 10 minutes and all delayed
that was 7.65M shares
The total was 16.27M from the London Stock Exchange

Resume of the last trades as they were reported
16:27:54 05-Mar-2020 3.70 GBX 1,000,000
16:11:26 05-Mar-2020 3.50 GBX 1,250,000
16:10:10 05-Mar-2020 3.50 GBX 1,250,000
16:23:01 05-Mar-2020 3.60 GBX 500,000
16:19:33 05-Mar-2020 3.65 GBX 500,000
17:07:57 05-Mar-2020 3.625 GBX 3.150,000

[gsg] 05/3/2020 19:50

Succession of big late reported trades keeps the momentum going.

[lostabillion] 05/3/2020 18:00

No problem k, hope it works out for you.

Still think you’d be better off shorting a share that’s going down!

[kryptonsnake] 05/3/2020 17:43

Losta

I mean this in a sincere way

This is no time to be buying

I will be opening shorts back up soon. The last lot worked out very well

That's how I make money here


LOLsss

[master rsi] 05/3/2020 17:19

re- Late marked up

17:07:57 3,150,000 @ 3.625

It seems there was a reason for the movement up at the end of the day, and reported 40 minutes later. The large trade 3.15m had to pay premium 3.625p, offer was at 3.60p at the time.

[lostabillion] 05/3/2020 17:14

Krypton, why not buy some shares in JLP and then you too can enjoy the upcoming ride?

Certainly a better bet than your BMR and WRES investments I’d have thought and I mean that in a sincere way.

[master rsi] 05/3/2020 17:11

The Black SNAKE widow has spoken

I heard the poor soul has been wiped out after holding BMR
and now snake is SOUR grapes with this company

Give UP and repent for your sins said the Padre

[kryptonsnake] 05/3/2020 16:44

Dead cat bounce over

Black Friday tomorrow


LOLsss

[master rsi] 05/3/2020 16:38

and gone to 2.70 offer at 16:28 ( 2.60p before)

I hope some trades or one comes along later as delayed otherwise it will be a lower offer at the opening tomorrow to discourage buyers like a couple of days ago.

[gsg] 05/3/2020 16:21

L2 just strengthened slightly 2 v 2

[master rsi] 05/3/2020 15:58

NOW REPORTED delayed 1 hour
14:00:42 3.545p 564,174 spread 3.50 v 3.60p
was responsible for the bid going higher

[robers98] 05/3/2020 15:46

The production base for South Africa’s high-flying platinum group metals (PGMs) is still constrained and there are no quick ounces to fill the gap, Nedbank CIB market research mining analyst Arnold van Graan said on Thursday.

“We’ve seen a lot of shaft closures and we’re still seeing planned shaft closures as we speak, despite the high increase in PGM basket prices,” Van Graan told Mining Weekly.

Based on the available reserves in the orebodies, Van Graan sees the number of shafts falling to about 50 by 2025, from the 80 shafts, headgears and declines that existed in 2008, which points to a considerable drop in production.

The closures have removed the available PGM ounces needed to bring the platinum market closer to balance.

Instead, a deficit has risen which has seen the prices of palladium and rhodium spike to very high levels and platinum suffering a slight surplus.

Every ounce of platinum mined brings with it about half an ounce of palladium and also rhodium, and with palladium and rhodium in such demand, the market is ending up with more platinum than it needs.

This is why steps are now being taken to match PGMs consumption with the PGM mining ratios.

The substitution steps now being taken are to ensure that under-supplied palladium is substituted with over-supplied platinum.

“Getting the usage ratio back to the mining ratio will balance out the pricing ratio,” Van Graan explained.
COST PROBLEM

Structural changes in the cost base are continuing to put put considerable pressure on costs, driven by above-inflationary increases in labour and electricity costs, the more stringent safety regime, the ageing of operations and increased travel time from shafts to rockfaces over a ten-year period to 2019.

“All these things have contributed to a significant rise in unit cost, which has outpaced the increase in the rand basket price. That’s why the industry’s margin evaporated and failed to generate cash flows," he said.

Following the restructuring post the 2014 strike, costs fell. "But over the last few years, costs have started to trend up again and in the recent results season, we’ve seen that costs continue to rise, almost across the board. So, I think the industry still has a cost problem.

“As a result, many of the marginal shafts previously earmarked for closure, but which are now being kept open on the back of high metal prices, are basically running on borrowed time. If we do see a sharp pullback in the PGM basket price, these marginal shafts are at risk.
“I understand why they are being kept open – they generate free cash flows and provide much needed employment, but it’s basically a temporary boost, and if metal prices turn down, more restructuring would have to take place,” he said.

Even before the outbreak of the coronavirus, which today hit South Africa in KwaZulu-Natal, vehicle sales are forecast to decline further this year, as they did last year and in 2018.

Despite the decline in vehicle sales, the PGMs industry has been bolstered by tightening emission standards across the globe and including China, which have resulted in more metals being loaded into each vehicle and demand continuing to rise.

“The PGM fundamentals are quite bullish over a three-year period, barring a big fallout from the coronavirus, which is still 'the known unknown', at this stage. We know it’s going to have a negative impact, but we don’t know how big that impact’s going to be.
“A lot of people have been running numbers. What I’d say from my experience is that it’s very hard to quantify the impact of something like this. What I do expect is that the actual impact plays out over a longer timeframe than most people anticipate. In reality, something like the coronavirus could play out over two or three quarters, or maybe even over a year,” Van Graan added.

Since 2008, there has been a significant decline in PGM mine capital expenditure (capex), which means that orebodies have been depleted but not replaced. To fix that, an increase in capex is necessary but even if that is done now, it would take years to grow output materially.

[lostabillion] 05/3/2020 15:32

Looks like another blue day is on the cards :-)

[plat hunter] 05/3/2020 15:30

If you want a quick lol... Go checkout you know who's musings on slp

[cernunnus] 05/3/2020 15:29

These small trades seem to be having more of an impact on the share price than larger ones?

[master rsi] 05/3/2020 14:54

So next is UP on the bid to 3.55p
the trend is UP since

[aceshi] 05/3/2020 14:48

The know it alls over on Undies/Platts censored thread claiming the intellectual high ground. Not realising they are being shafted right under their very own noses. Haven't yet accepted the realities of themselves potentially being cleaned out BMR style by the mighty, jam tomorrow, multi bagging, soon to be mid cap, pipe dream. Borelli may well be a corporate thug but rest assured the industry has plenty more where he came from.

[rescuer] 05/3/2020 14:11

frog - SB expries for March - all rollovers IMHO