Jubilee Metals Share Discussion Threads

[lostabillion] 06/3/2020 18:13

“Over the weekend”

You’ve never owned a JLP share in your life Krypton you silly sausage.

Good weekend all.

[kryptonsnake] 06/3/2020 18:09

Smart move deme. This is going sub 3 soon


LOLsss

[kryptonsnake] 06/3/2020 18:08

Anglo American plant that Leon designed and built blows up

That's something to worry about over the weekend

Jubilee holders are selling up daily. Hacked off with Colin and Leon's dastardly ways

The share price didn't actually go up today. They just moved the ask up

I'd rather be out of this over the weekend


LOLsss

[rescuer] 06/3/2020 17:55

yes PH - someone is accumulating - too many large trades through for sells,

i mailed advfn this week to ask if they could update the financials page for JLP,

they have of today.

have a great weekend all.

[kryptonsnake] 06/3/2020 17:54

Something is occurring in the background

It's called a placing. Maybe some bad news on one of the projects

You don't know with Colin and Leon


LOLsss

[plat hunter] 06/3/2020 17:52

"Something is occuring in the background but duck knows what."Exactly the same as last April and March i reckon.

[undertaker] 06/3/2020 17:10

looks like a late 3.5m buy reported...nice

[1madmarky] 06/3/2020 16:46

Hence the rise in platinum today

[1madmarky] 06/3/2020 16:42

Something is occuring in the background but duck knows what.

[master rsi] 06/3/2020 16:41

THAT MUST BE THE MAIN REASON FOR THE "PLATINUM " HIGH RISE TODAY.......

Anglo American Platinum shuts plant, declares force majeure -
ShareCast - Anglo American Platinum said on Friday that it has declared force majeure and cut production guidance after temporarily shutting down the Anglo Converter Plant.

At 1430 GMT, Anglo American shares were down 9.2% at 1,671.80p.

The ACP phase A converter plant at the Waterval smelter complex in Rustenburg was damaged after an explosion within the converter on 10 February. Anglo said work has started to repair phase A, which is expected to be completed by the second quarter of next year.

As per normal business procedure, the phase B unit was commissioned to take over from the phase A plant and was in the process of ramping up to steady state when water was detected in the furnace, it said.

"Notwithstanding extensive testing being conducted to determine the source of the water, and a number of circuits being isolated, water continued to be observed in the furnace. This poses a high risk of explosion and the company has determined that it has no other option but to temporarily shut down the phase B unit, to ensure the safety of all employees, and avoid a catastrophic event."

The repair works on the phase B unit will take approximately 80 days.

As a result of the temporary closure, Anglo American Platinum has had to declare force majeure to customers, suppliers of third-party purchase of concentrate and suppliers of tolling material. It also cut its total platinum group metals guidance for this year to between 3.3m and 3.8m ounces from between 4.2m and 4.7m ounces.

RBC Capital Markets said: "This is a clear negative for Anglo’s PGM division, something that we have been pointing out as being a key differentiator and cash flow generator, and was poised to help to offset some of the weakness we are seeing in other commodities, especially as Anglo American moves through its peak capex at Quellavecco.

"We think there is the potential that prices rise on the back of this lower supply, mitigating the impact of this to some extent, especially where palladium and rhodium supply/demand balances remain extremely tight (already palladium is circa 10% in deficit) however this must also be considered in the context of potentially lower demand because of COVID-19.

"PGMs account for $4.2bn of our 2020E EBITDA, or 35% of our 2020E product group EBITDA. This would be a 11% downgrade to consensus EBITDA, using management’s guidance."

We will need to fully assess the potential impact, especially on the balance sheet and cash flow outlook, however we think Anglo remains fundamentally inexpensive trading at 0.64x NAV and 3.5x our unadjusted 2020E EBITDA.

[lostabillion] 06/3/2020 16:38

Is it just me that thinks that shares are being accumulated at pace by ii’s at the moment?!?

[deme1] 06/3/2020 16:09

So that makes £18.5k sell the other week
PLUS £17.5k sell today.

Not bad for someone who does not hold shares in JLP.

I will buy back what I have sold IF I am wrong about us being affected by the shutdown.

[deme1] 06/3/2020 16:01

Got a funny feeling we will be affected by the refinery shutdown as we use them!

[deme1] 06/3/2020 16:00

Sold another 490k of these not showing again!
Also sold my SLP holding at a small profit.

Awaiting the news that both use amplants to refine

[mikebolle1] 06/3/2020 15:53

"Sibanye-Stillwater (Tickers JSE: SSW and NYSE: SBSW) notes the announcement by Anglo American Platinum Limited (Anglo Plats), regarding the temporary shutdown of its converter plants and confirms that it has received written notification of force majeure regarding the toll agreement between Anglo Plats and Sibanye-Stillwater’s Rustenburg operation and the Purchase of Concentrate (PoC) agreement with Sibanye-Stillwater’s Kroondal and Platinum mile operations. Sibanye-Stillwater’s Marikana and US PGM operations are not affected and will benefit from the commensurate short-term commodity price increases due to the Anglo Platinum supply disruption.

Anglo Plats has indicated that its converter plant will be unavailable for at least eight weeks, during which period the force majeure would remain in effect and it would be unable to fully process the Rustenburg, Kroondal and Platinum mile concentrate.

Sibanye-Stillwater has significant spare PGM processing capacity at the Marikana operations and at the Precious Metal Refinery in Brakpan and will be assessing how best to utilise this capacity. We are engaging with Anglo Platinum with respect to the various alternatives and will provide a further update once we have clarity."

[freedom97] 06/3/2020 15:33

Oh I see, that's not what they were saying the other day on BBC R4 they said, it's too early to say if you can't catch Covid-19 again in the future. That's why they haven't yet got a vaccine as they don't fully know how the virus works.

[rescuer] 06/3/2020 15:30

eat plenty of chillies, garlic, onions, olives and ginger washed down with a couple of bottles of red every day - you'll not catch anything, but you'll have ring sting and cirrhosis of the liver -

i prefer the old fashioned ailments -

[sleveen] 06/3/2020 15:27

No.

For example SARS and MERS hasn't as they are one offs like covid19 allegedly. Unless it mutates, imagine if it was as virulent as Ebola.

That would be scary.

[freedom97] 06/3/2020 15:26

They also say, the more exercise you do, especially as you get older, the longer you live and live without many of the health problems others suffer from thru not keeping fit. Keeping fit also benefits the brain so less likely to get dementia.

[freedom97] 06/3/2020 15:22

I suppose once they've found a vaccine that works against Covid-19 The yearly flu jab will be combined with the Covid-19 vaccine.

[plat hunter] 06/3/2020 15:16

Eat healthy, exercise, enjoy the occasional vice and sleep properly.Follow this amazing and true medical advice and you'll hardly catch a cold ever again.

[sleveen] 06/3/2020 15:13

"over 100 types of cold virus you can catch, but you become immune to each type (if true)."


It's true.


You will also have immunity from a 2nd covid 19 infection but for how long that immunity endures is unknown.


Google what T and B cells do.


It's the B cells that have the "memory" for each viral infection.

[freedom97] 06/3/2020 15:10

Correct sharenotes, everyone should look at what they eat to boost their immune system and do plenty exercise which also helps strengthen the immune system.

It is currently not clear if you get the Covid-19 virus now, if you will become immune to it affecting you in the future, just like they say there are over 100 types of cold virus you can catch, but you become immune to each type (if true). Of course you have to hope if you get Covid-19 now, that it doesn't kill you. If however, getting the virus now and you recover, plus IF it makes you immune to the worst effects of the virus, then better catch the virus now than when your older and immune system can't cope so you die of the disease.

[plat hunter] 06/3/2020 15:08

Lol Ade...A mental image of trump getting a colonic was one I never thought I'd have to be honest. So cheers for the gift ha ha ha