Jubilee Metals Share Discussion Threads

[plat hunter] 14/8/2020 16:15

What do we make of this then :-P



Mon, 5th Oct 2015 09:02

(ShareCast News) - Zambia-focused mineral processing business BMR Mining said it has identified a potential market for its Waelz Kiln Slag (WKS) assets.

The assets at Kabwe, Zambia, had been written down by 90% to £201,000 in the accounts for the year ended 30 June 2014 due to the product being brittle and hard, of too low a grade and too difficult to process on a commercial basis.

[plat hunter] 14/8/2020 14:47

I've just sold another 75k...


That's me now, i'll leave the rest

[pshevlin] 14/8/2020 13:58

Good interview. Thanks Losta.

[robers98] 14/8/2020 13:36

Now if someone from the far east was to secure a purchase of Marula as well as Twickenham. Then there would only be one door to be knocking on to add longevity
We could even have a side deal to Improve processes and recoveries.

[plat hunter] 14/8/2020 13:26

If we're talking about Tjate then don't forget Implats and Marula


Implat's have been watching JLP for over a decade now....

[bullster] 14/8/2020 13:12

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Thanks fellas, it has been a nice change, talking about things pertaining to JLP.

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[gsg] 14/8/2020 13:08

robers.

That's the missing link imo. The theory and potential outcome could be developed further, but I have a feeling we'd be accused of ramping.

[robers98] 14/8/2020 12:48

Bullster, gsg beat me to the comment about the concentrator. There is a very interesting Q&A session with the previous ceo and analysts where Twickenham was discussed.

Adding Tjate purchase to any future owner of Twickenham would be a very good outcome for jlp. The future owner isn't going to be Anglo!!imo

[gsg] 14/8/2020 12:37

Hi Bullster

A bit further on Anglo's situation on Twickenham. Although it is on care and maintenance the ex CEO said that it would take a lot of investment to get it in any way operational again, including a new concentrator. He also said that Angloplats were not willing to put further investment into Twickenham as they have better projects to spend their money on.

[plat hunter] 14/8/2020 12:27

IMO those looking for a an share price accrtetive RNS with regards to DCM are going to be disappointed...


With that double top booked in I think maybe Deme may have won this round.

[plat hunter] 14/8/2020 11:18

Bullster, I think you know too well what I meant.The cost of transport will not be JLP's and it will indeed be paid by the administrators, pursuant to the enduring power of attorney they hold on behalf of their client for the purpose of meeting their clients liabilities.The administrators are in charge at dcm, regardless of which bank account you want to split hairs over.Hence it ain't going to Twickenham

[bullster] 14/8/2020 11:05

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GSG, Thanks for that snippet.

I know that you and i have discussed this issue in the past.

And we identified other suitably positioned alternative concentrators.

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[bullster] 14/8/2020 10:58

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PH,

Administrators don't pay anything out of their own pockets.... don't be daft.

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[bullster] 14/8/2020 10:54

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Twickenham Platinum Mine is the up-dip next door neighbour to Tjate.

As it is up-dip Twickenham Mine is closer to where the platinum reefs outcrop to surface. This geological fact affords Twickenham Platinum Mine the distinct advantage to opencast mine, so it beggars belief why Anglo American have it on care and maintenance.

Wasn't it only last month that either Leon or one of the brokers mentioned that Tjate was more likely to suit a neighbour ....... go figure .... deep.

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[plat hunter] 14/8/2020 10:48

The administrators will be paying for the transport costs anyway, so not an issue for us.

[gsg] 14/8/2020 10:37

Bullster

The concentrator at Twickenham is knackered and needs to be replaced. Anglo have no desire to put any further money into Twickenham, other than a revised mine plan for a prospective purchaser.

[bullster] 14/8/2020 10:33

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Far more cost effective to transport the DCM pgm material to the nearby Twickenham Mine concentrator.

Twickenham Platinum Mine has been on care and maintenance since 2016 and laid another 50 workers off, this July.

The cost to transport would be similar as to that of the Windsor pgm material, especially with over 50% of it having had fine chrome removed.



It would be pointless spending millions of dollars transporting the DCM pgm material to our other sites, when they don't have the capacity to treat it.

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[plat hunter] 14/8/2020 09:49

I'm in no rush for dcm, we've already had the important news.We retain the pgm rights no matter what... The cost of transport i would imagine is being negotiated with the administrators, who's responsibility it is to retain cash, assets and absolve liabilities.My advice is to stop waiting eagerly for it, as it won't be share price accretive anyway.

[lostabillion] 14/8/2020 09:43

DCM news today or next week!?!

[plat hunter] 14/8/2020 08:35

I like Franz, comes across like a really nice and happy fella

[1madmarky] 14/8/2020 07:14

Yeah, the chrome deal adds earnings stability and PGM supply longevity to Windsor or hernic. Does not substantially increase earnings, just derisks.
Another solid deal.

[lostabillion] 14/8/2020 06:44

WH Ireland have reiterated 11.2p in the short term.