Jubilee Metals Share Discussion Threads

[plat hunter] 03/9/2020 18:38

Chinese demand as result of the new rebar standards as well it seems.Keep an eye on the V price, we have a bit of that too.

[gsg] 03/9/2020 18:18

GFAR, What peaked my interest was that WH Ireland were willing to quantify Jubilee's leverage and gearing to a rising chrome market to the tune of $200m pa (albeit with disclaimers). Also because of the speculative nature of the chrome market they were unable to include that in their current fair value estimate for Jubilee.of 11.2p

Combine that with the positive stirrings on the price of chrome with Chinese demand, and the fact that Jubilee are already producing 450k t pa, the benefits could be speedy and very significant imo.

[goingforarun] 03/9/2020 18:02

GSG, getting there, probably as slowly as the market. Is the key question how much did they pay for the earnings?

[gsg] 03/9/2020 17:18

GFAR. Have a look at post 26667, it should provide the back story.

[plat hunter] 03/9/2020 16:47

Rhodium $13k


Engelhard Industrial Bullion (EIB) Prices [USD per Troy Ounce]

Metal Symbol Asian EIB (AEIB) EIB
Platinum Pt 912.00 903.00
Palladium Pd 2273.00 2365.00
Rhodium Rh 13000.00 13150.00
Iridium Ir 1660.00 1660.00
Ruthenium Ru 280.00 280.00
Gold Au — 1940.00
Silver Ag — 27.230


Last Update Asian EIB: September 3 2020 2:00 PM Tokyo
Last Update EIB: September 3 2020 9:15 AM New York

[goingforarun] 03/9/2020 16:35

GSG, explain?

[lostabillion] 03/9/2020 16:22

That’s why you should keep accumulating ;-)))

The penny still hasn’t dropped with the herd!!!!

[gsg] 03/9/2020 16:20

I know its a very delayed reaction from the WH Ireland broker note, but I'm still struggling to get my head around the fact that Jubilee could earn a further $200m pa from existing infrastructure and resources with an improvement in the chrome price, without any further actions.

[freedom97] 03/9/2020 16:01

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This "increased traffic" always after 2pm must be all the Americans logging in, getting ready to buy JLP shares. :-)

[lostabillion] 03/9/2020 15:57

PShevlin, just keep accumulating! The share price is going to go bananas soon enough.

Jubilee is a huge takeover target. I’d be very disappointed if this happens before we reach 40p ish in the coming 18 months or so.

PS
I’m not Ronald Trump on L-S-E either!

[pshevlin] 03/9/2020 15:55

I don't really understand why the share price is really so low given the prospects of the company.

[marmar80] 03/9/2020 15:36

What a spike in palladium price today

[freedom97] 03/9/2020 14:56

Rhodium now up $400 to $10,600!!

[gsg] 03/9/2020 14:52

Struth palladium now up 5.76% @ $2376

[frogkid] 03/9/2020 14:11

A bit gutting agreed but none of us are immortal.

[adejuk] 03/9/2020 14:01

the vol is v low but just enough, it would seem, to cap the share price
i have a bad feeling about this
if we are on the radar i would be sickened to go for 10p

[frogkid] 03/9/2020 13:54

I believe I have sufficient Losta

[plat hunter] 03/9/2020 13:51

4.7 now it's flying

[gsg] 03/9/2020 13:35

Another spike in palladium. Up 4% to $2337.

[goingforarun] 03/9/2020 13:07

On the Chrome front has there been any clarity on whether the old DCM Fine Chrome facility has been made operational in its new location? Can see the RNS on the move but not the arrival?

[gsg] 03/9/2020 12:50

When the big players are taking losses in the chrome sector, it shows how well Jubilee has performed and the opportunities still out there.

Merafe one of the partners in Glencore Merafe chrome business is feeling the pain.

"MERAFE Resources, the Johannesburg-listed ferrochrome producer that postponed its interim results until September whilst it absorbed the impact of impairment charges, said in a trading statement today it would report a basic loss per share of 37.6 to 39 cents.

Headline earnings would come in between 0.9 and 1.3 cents per share which compares to 6.6c/share in the comparative period of the previous financial year, a decline of up to 86%."

[lostabillion] 03/9/2020 12:47

Might have been better to round up Frog!

Exciting times for JLP holders.

[plat hunter] 03/9/2020 11:09

Careful frog,

[sharenotes] 03/9/2020 10:48

frogkid, I guess a simple typo, 5.58?