Jubilee Metals Share Discussion Threads

[marmar80] 17/11/2020 13:35

Well not tomorrow for sure. I think we are just re-rating and we will land somewhere between 12 ans 15p. The lads see us as mid cap so this is 250M mcap minimum I think.

[freedom97] 17/11/2020 13:31

Just think if Leons announces a buyer for Tjate, the share price would go into orbit. ;-)

[billyusa] 17/11/2020 13:30

Funny the ones with the biggest mouths selling out first, Plat was clearly the weakest one followed by Losta which sold at 8p this morning. I can't wait when they all buy back, preaching to newbies about where this share price will be going, hypocrites.

[deme1] 17/11/2020 13:28

JSX now up 11.11%

[adejuk] 17/11/2020 13:26

it's still using an anti-grav machine
although, historically, it's still earthbound.

[adejuk] 17/11/2020 13:25

the 27728 was mine. to get me back to 2.5 mill

[adejuk] 17/11/2020 13:23

deme
he's not
he's taking profit and protecting his capital
i am running 2.5 mill at an ave of close to zero
i suspect he is doing the same

[deme1] 17/11/2020 13:20

JSE it 8%

Something going on in the background.


I can't believe after all the highs and mainly lows, Losta is the first one to jump ship when JLP finally seems to be getting some traction :)

[alwaysevolving] 17/11/2020 13:19

The Bull, LOL, ‘Pucker up’ Frog!

[robers98] 17/11/2020 13:14

Zambia sees deal with Glencore over Mopani Copper within a month

Zambia expects to conclude talks over buying Glencore’s stake in Mopani Copper Mines within a month, according to Barnaby Mulenga, permanent secretary in the Ministry of Mines.

Mulenga declined to disclose the size of the stake that state-owned ZCCM Investments Holdings is trying to acquire. ZCCM-IH currently has 10% of Mopani, with Glencore holding 73.1% and Vancouver-based First Quantum Minerals 16.9%.

Zambia wants to raise its holding after clashing with Glencore earlier this year over the company’s plan to mothball Mopani’s operations. But it’s unclear how the cash-strapped government, which last week defaulted on a Eurobond interest payment, would finance a deal. While impairments of $1.14-billion at Mopani contributed to Glencore posting a first-half loss, the Switzerland-based commodity giant still assigned a value of $704-million to the operations.

Mulenga expects a deal to be announced in the coming weeks by Mines Minister Richard Musukwa, who said in September that both companies were prepared to sell their entire holding in Mopani. Zambia won’t have trouble raising finance for the deal, according to Mulenga, even though no money will come from the Treasury.

“The resource attracts money, so the issue of financing is the least of the worries for the Zambian government,” Mulenga said in an interview on Thursday, referring to Mopani’s copper-mining operations. He didn’t give further details.

A spokesman for Glencore declined to comment. First Quantum spokesman John Gladston also declined to comment.

Glencore shelved its plans to place the operations under care and maintenance for 90 days, after Zambia threatened to revoke its mining license in April. The government strategy is driven by a need to safeguard jobs at Mopani, rather than any desire to raise its shareholding, said Mulenga.

Zambia’s increasingly tense relations with investors in the key copper-mining industry may partly reflect maneuvering by President Edgar Lungu ahead of next year’s elections. The government is also in arbitration over mining assets it seized last year from billionaire Anil Agarwal’s Vedanta Resources.

Other copper miners have halted $2-billion of planned investments because of a dispute over a royalty tax. A mining conference later this year will seek to address that issue, Mulenga said.

“Hopefully we will come to some consensus to what should this tax regime look like,” he said

[philby1] 17/11/2020 13:07

I thought that Leon had said that there were in excess of 1 billion tons of surface tailings in Zambia?

[adejuk] 17/11/2020 13:05

losta, i don't know you. your age or circs.
if i were in your position, at any age, i would sell and have the life i wanted

[adejuk] 17/11/2020 13:04

losta
let us know how the order goes please

[lostabillion] 17/11/2020 13:00

Sell order is in to reduce by 5%. Thank goodness I waited until today. Holding fire on the other 5%.

Really good run up today :—)

[adejuk] 17/11/2020 12:55

aspell
if so i will be gone by 15p
at the mo, it is defying gravity

[aaspell] 17/11/2020 12:52

No useful input - just WOW

[1madmarky] 17/11/2020 12:47

That would be VERY welcome HG!

[adejuk] 17/11/2020 12:46

i bought back my sell this morning
it cost me 100k shares but no £
this is more than hot money imo
summat in t'wind

[highly geared] 17/11/2020 12:40

The Bull; 25p by mid 2022, 50p by early 2024.

[goingforarun] 17/11/2020 12:23

Feels like a high expectation on tomorrow...let’;s hope it delivers!

[mikebolle] 17/11/2020 12:23

A very unbias and factual synopsis HG. Its clear that you are serious about your investments and investment-decisions. Welcome back..

[gsg] 17/11/2020 12:22

L2 still strengthening at the current prices. 1 v 2 with Cantors still pushing the bid.

[billyusa] 17/11/2020 12:17

And goodbye to 8,5p ... next stop 10p