Jubilee Metals Share Discussion Threads

[marmar80] 02/12/2020 11:15

I think 15 should be without any Tjate speculations or news. Value is already there. Time to rerate.

[billyusa] 02/12/2020 11:05

15/16p still a possibility before year end on a Tjate sale/deal IMO

[deme1] 02/12/2020 10:55

can sell £50k for 8.7

[9tintin] 02/12/2020 10:48

I note the absence of the resident crack artist, I have concerns regarding an OD event.

Notwithstanding his trolling, I do hope he is okay.

tintin

[mikebolle] 02/12/2020 10:44

Platinum above 1k ... again

[deme1] 02/12/2020 10:44

Did tell Losta to rotate back, he was too interested in holding for a profit in Lloyds. Sometimes you just have to take the hit

[deme1] 02/12/2020 10:41

a quick jump to 11p could be on the cards
with the metals performance and future expectations

[juju44] 02/12/2020 10:33

bull flag break cant be far off

[gsg] 02/12/2020 08:33

FAST MARKETS RESEARCH: Ferro-alloy prices poised for strong finish to year, further strength in Q1 2021


Key ferro-alloy forecast highlights for the coming months:

• A strong recovery in both bulk and noble alloys is expected in 2021 but the markets are unlikely to return to the levels seen before the outbreak of the Covid-19 pandemic. We have seen a quicker-than-expected recovery across various regions amid the economic fallout of the pandemic, and expect to see a stronger recovery overall next year. China will continue to lead the economic recovery in 2021 due to various economic stimulus measures, while other nations will also enjoy the beneficial effects of government stimulus spending through 2021.

• With lockdowns and pandemic restrictions preventing consumers from spending on travel, experiences and services, consumers are instead increasing their spending on durable goods including cars, appliances and other steel-intensive manufactured goods, in a positive development for steel and ferro-alloy markets. If government stimulus also leads to infrastructure investment in the EU and the United States next year, this would be another positive development for steel and ferro-alloy alloy demand in 2021.

• News that South Africa’s government is considering imposing a chrome ore export tax broke just after the publication of our previous tracker, but has dominated discussion within the chrome markets since then. Above all, Chinese ferro-chrome smelters would be affected, given that they rely heavily on South African chrome ore – around 80% of China’s chrome ore imports during the past year have come from South Africa.

• There remain a number of uncertainties, however, regarding the proposed chrome ore export tax. Not least of these is whether an export tax will in fact be implemented – discussions of such a tax have been aired before only to amount to nothing. Second, there is as yet no indication about the level of any export tax, although most market participants expected that it would be in the range of 30-40%.

• For now, some of South Africa’s leading chrome ore miners and exporters are arguing against the move. Chrome mining and the export of ores has expanded over the past decade, while smelting of ferro-chrome has stagnated. Putting up the greatest opposition to any export tax are the platinum group metals (PGM) miners, which sell UG2 chrome ore as a by-product of their PGM mining, and generally have no downstream smelting capacity. This could be a crucial point, given the higher value of PGM mining to South Africa’s economy when compared with the chrome industry.

[frogkid] 02/12/2020 08:25

Another 50K for me.

[nelson01] 02/12/2020 07:55

Yes Dan......the question now is, will it be 60 or 80 million profit this year and 120 or 150 million profit next year.

[danieldanrichardson] 02/12/2020 07:25

True Nelson. Not long ago there was much debate as to whether the company would report a small loss or a small profit for the year. It's a different world now.

[nelson01] 02/12/2020 07:16

And Tjate will also be in play.

[nelson01] 02/12/2020 07:16

That would put at least another $24 million per year in the bank.

[nelson01] 02/12/2020 07:14

Not so long ago we were hoping just to be cash flow positive, now we are looking at making 120 million per year in a years time and with a just a good few months of growth ahead in the metals market the sky is the limit. I predict $1,300 platinum by March.

[nelson01] 02/12/2020 06:59

The story gets better by the day, I think this will outperform even my best expectations.ironic that the 40p big mouths started selling when it’s just getting started. And now 40p looks conservative in a few years time if we keep growing at this pace.

[the bull] 01/12/2020 23:46

As we move towards mid cap status, that should have tracker funds buying in, just need that big push now to get towards that

[pshevlin] 01/12/2020 23:31

Strikes in Chile? Can only be good for us.

[nelson01] 01/12/2020 22:55

That should coincide with 25,000 tons per year and massive profits for jlp.

[gsg] 01/12/2020 22:11

Goldman says copper bull fully underway, sees all-time high in 2022

Dec. 01,

London copper continues its torrid climb, +1.5% to $7,695/ton to yet another seven-year high, and Goldman Sachs says copper's current price strength is just the first leg of a structural bull market.

"This current price strength is not an irrational aberration," and the copper market should head into 2021 facing the tightest market conditions in a decade owing to a substantial deficit, followed by continued tight markets into 2022 and 2023, Goldman says, adding it is "highly probable" that copper will test the 2011 record high $10,170/mt by H1 2022.

[deme1] 01/12/2020 21:57

I'm happy if your happy Kenny:)

[frogkid] 01/12/2020 21:32

Kenny, take a butchers at GoldplatCheersFrog

[kennyp52] 01/12/2020 21:30

Me sitting on a loss ? Sold months ago to put into JLP at 5.2p .. took the loss to make the gain . Wish I’d followed Losta’s confidence as got plenty in cash to trade in Lloyds which has done very well .... 50% ish in 2 or so months .. not bad . Sold some SHG ; CEY and SLP the other day ... some fekin move that was ... bought back a few today as it looks like I made a bad call and gold recovering again . You happy I lost on those deals ?