Jubilee Metals Share Discussion Threads

[gsg] 04/12/2020 10:28

So Leon says that another copper tailings deal is to be done during this December.

[tel5] 04/12/2020 10:27

A lot more to come from jlp commodities will be going into a new bull market as global economies start to recover . Takes years to start up new mines for copper platinum etc so the refining of old mines tailings to produce these metals is a lot cheaper and with rising prices more profitable making jlp well positioned .making it not a share to be selling in my view as the profits in future years should be a lot higher .
Also CAML is another share that I would consider holding as it pays a good dividend and has extensive mining interests. dyow

[sb] 04/12/2020 10:20

Dafrog, as I said, usually funds only adjust once per day so the money is only usually available on the next trading day.

[robers98] 04/12/2020 10:19

As usual very good presentation

[daocana] 04/12/2020 10:17

platinum $1062

[tonyevo256] 04/12/2020 10:08

Regarding pull back, I have tried trading these 5 times in the last few months. 4 times I lost out and only once I made money. My view is that shares are moving from retail to IIs so we won't see the volatility we need to make it a tradable stock. Better to add than trade. Imho

[dafrog] 04/12/2020 09:55

deme, sb. With shares the money is available inmmediately but these are funds. Still show as pending.

[sb] 04/12/2020 09:48

Depends on the time of day you sell dafrog.. Its usually one trading day as the funds only usually adjust once per day.

[danieldanrichardson] 04/12/2020 09:47

His investments are struggling because he just copies Plat.

[deme1] 04/12/2020 09:47

dafrog

with Halifax as soon as you have sold your shares the money is instantly there to reinvest.

[sb] 04/12/2020 09:45

Sounds like Kennyp wants in... Haha..

[dafrog] 04/12/2020 09:41

Thinking of adding. Sold some boring funds. HL said payment is immediately available to reinvest but wonder how long immediatly is.

[deme1] 04/12/2020 09:41

JSE up another 6%

[deme1] 04/12/2020 09:40

sub 9p
doubt it

BUT you never know with JLP :)

[adejuk] 04/12/2020 09:37

it's mostly small retail b4 9.30

[kennyp52] 04/12/2020 09:33

Pull back before next rise ? Where to ? Sub 9p ? Might need to wait for some juicy financials / audited and there is bound to be temptation to turn paper profit into real cash . Good luck all .

[deme1] 04/12/2020 09:27

Where to robers

[mikebolle] 04/12/2020 09:18

Thanks robers

[pshevlin] 04/12/2020 09:12

All helps the Copper price.

[9tintin] 04/12/2020 09:12

A platinum rally - errrrrrrrrm I wonder at what level Tjate becomes viable as a mine ?

$1250 - $1500 - $1800 per oz ?????????

Personally don't see Tjate being sold as an entity more likely the whole company !!

tintin

[robers98] 04/12/2020 09:09

Leon has already recorded a presentation that can be viewed in the on demand section. Otherwise the company can be contacted for a chat in exibition hall b, is what is listed.

[adejuk] 04/12/2020 09:04

maybe they want to encourage some selling

[deme1] 04/12/2020 09:03

Bit of a ridiculous spread

[9tintin] 04/12/2020 08:54

Something to ponder.

In June this year Jubilee did a deal with Star Tanganika to process 150M tons of copper tailings, more than enough to supply the current capacity of Sable (14k tons of copper cathode).

The price of copper at the time the deal was done was $5785 per ton the price today is $7735 per ton - an increase of 33% ($1950 a ton)

Leon is quoted as saying that the margin on the copper produced at Sable is 35% - so since June the excess paper profit from refining 14,000 tons at the elevated price is a cool $9.5M per annum profit without Jubilee having to do anything !!!

As and when the capacity is ramped up to 25k tons of copper that number becomes north of $16.5M (EXCESS)profit per annum - assuming copper stays around its current levels.

All this just from the appreciation of the commodity!!!

WH Ireland had projected copper at $6610 per ton for 2021 in their brokers note - I'm thinking they might want to revise that soon.

Of course copper could drop back in price and all the numbers would be pie in the sky, but at the moment it does look like it's the metal to be in at this moment and Jubilee is in the sweet spot !!

No wonder the share price is going north .

tintin