Jubilee Metals Share Discussion Threads

[sb] 20/12/2020 22:44

I think you'll find that Riverfort are not the player they thought they were, Plat....there's others with money keen to play now....

[plat hunter] 20/12/2020 22:29

JUJU..


Slater bought them from the man who is sits on the board of the company that underwrites JLP's access to finance. Probably the single biggest clued up shareholder other than Colin.


Anyway that aside, Dover now closed to France.. There's that "Taking Back Control" the all wanted, oh the irony.

[juju44] 20/12/2020 19:30

The Slater buy in is a big vote of confidence . They dont do this lightly and obviously expect a star performance from Jubilee . So do i am am sure it will come

[gsg] 20/12/2020 17:38

sb agree.

Losta - Motley Fool

Spot the connection.

[1madmarky] 20/12/2020 17:20

Just get the Oxford vaccine approved and available for those who need and want it. End of problem!

[plat hunter] 20/12/2020 16:22

"In March it was an unknown"


Not read the news this weekend. Countries around the world banning flights from the UK etc etc etc


New variant, not known whether it causes more or less harm or even if it responsive to the vacines...


That's a pretty big unknown lol

[deme1] 20/12/2020 15:41

if you think that then maybe you should sell your imaginary 28mil before it happens :)

[lostabillion] 20/12/2020 15:24

Time will tell just how badly the markets are going to get hit!

If I can buy my trading pot back for 6p then happy days.

Did drop to around 2.2p in March after the first round of C19, now that really would be a fantastic buying op.

[deme1] 20/12/2020 15:23

In March this was an unknown.
A virus pandemic spreading the world shutting down all economies.

China has all but eradicated the virus from its shores. This is the country to watch as it accounts for over 50% of current copper use.

Still bitter plat?
If you cannot make money following the pandemic then it's time to give it up

[plat hunter] 20/12/2020 15:07

"So shares in China will be effected by the virus in the UK?"Lol Deme, remind us all again why you sold and deramped in March

[deme1] 20/12/2020 13:50

PS held for 10 years and posted twice.

what was your previous alias ;)

[deme1] 20/12/2020 13:49

So shares in China will be effected by the virus in the UK?

Shares in South Africa effected by the infection rate in New Zealand?

Banks will get hit, as the economy will be hit.
Metals at the moe are seen as a safe haven.

Could be wrong but I see metals going from strength to strength.

[jackthecat1] 20/12/2020 13:32

All shares in all countries will suffer. I bought JLP about 10 years ago.

[deme1] 20/12/2020 12:27

jackthecat

you do realise that JLP is not based in the UK.

Also there is a vaccine in play now.

I suspect that bank and uk shares may suffer but metals will pull higher.

[jackthecat1] 20/12/2020 11:46

CLeary ALL shares will tank this week and for a while.This isnt based on fundamentals etc, just uncertainty / Panic as there was in March this year. This new strain is also a huge concern, investors etc will be going to cash for a while.

The good news is this creates great buying opps for all of us in certain shares.

JLP will suffer short term, but i'll be adding on any dips. Could be a 50% retrace in my view on many shares over the coming days / weeks / months

This is C19 situation is now very very serious for the economy etc, it will only get much worse.

[robers98] 20/12/2020 11:42

Sky's Ian King explains what surging copper prices, usually a barometer of economic forecasting, tell us about the year ahead.

[gsg] 20/12/2020 10:21

Rally in mining stocks seen powering into 2021, analysts say

Dec. 19, 2020 11:55 PM

Trillions of dollars in government stimulus, the COVID-19 vaccine rollout and China's insatiable demand for raw materials has convinced analysts that this year's surge in mining companies has more room to run, Bloomberg reports.

Copper prices have surged ~80% from March's pandemic lows, with Goldman Sachs and others forecasting the start of a new long-term bull market and Bank of America believing industrial metals will continue to strengthen as prospects for a COVID vaccine drive an economic rebound.

"Typically, industrial commodity prices do well when global industrial production is accelerating," says BMO analysts led by Colin Hamilton, expecting positive momentum to continue in through next year's Q1 despite the big rally.

Berenberg's Jonathan Guy sees the rally in base and bulk metals continuing into Q1 but pulling back later in the year, as sentiment looks increasingly detached from fundamentals.

Jefferies analysts led by Christopher LaFemina have a view of base metals, especially copper, for the next 12-18 months; its top picks are Freeport McMoRan (NYSE:FCX) and First Quantum Minerals (OTCPK:FQVLF), with BHP, Vale (NYSE:VALE), Anglo American (OTCQX:AAUKF), Glencore (OTCPK:GLCNF) and Antofagasta (OTC:ANFGF) also recommended.
ETFs: GDX, NUGT, SIL, GGN, DUST, XLB, COPX, SLVP, BCX

The middle class explosion happening globally and especially in Asia is the top reason for a long-term bullish view for copper, Sven Carlin says in an analysis published recently on Seeking Alpha.

[gsg] 19/12/2020 20:55

ZAMBIA’S copper production is likely to remain below one million metric tonnes for at least another three years given the persistent challenges mining companies still face, says the Zambia Chamber of Mines.

Last week, Mines Minister Richard Musukwa announced that copper production had increased to 646,111.25 metric tonnes by September 30, this year, up from 590,321.13 tonnes in the same corresponding period last year, representing an increase of over 55,000 tonnes.

But Chamber president Goodwell Mateyo observed that while the marginal increment in copper productivity in the nine-month period this year would result in increased foreign exchange earnings, the country was not likely to hit the one million metric tonne mark over the medium-term period owing to the continued operational challenges the 10 large-scale mines still faced.

Zambia has remained behind the Democratic Republic of Congo (DRC) as Africa’s second highest copper producer after the latter eventually overtook the former back in 2013 for the first time since 1988 where it produced 900,000 metric tonnes of copper, registering a sharp rise and surpassing Zambia’s 754,916 tonnes seven years ago.

“In my estimate, I don’t see us getting to that (one million tonne) target in another three years or so because you need to really significantly invest in expansion projects within the operators and with Greenfield mines. And I don’t see, even if significant investment is made to expansion projects for current operations, you’d only be able to realise that at the very least in maybe, three-five years’ time,” Mateyo said in an interview.

He outlined that Zambia’s marginal rise in copper productivity in the three quarters ending September 30 did not reveal the full story of the ongoing operational challenges some mining companies faced.

“Speaking to the production figures, I do know that, as an industry, we are approximately 50-60,000 tonnes higher than we were last year. But it’s not the whole story; much of the increased production is coming from one or two mines in North-Western Province. If you look at it in terms of all the mines, most of the mines have suffered a decline in production. So, it doesn’t tell a story with what’s happening in the rest of the industry,” Mateyo said.

He explained that the majority of mining companies were struggling to ramp up production due the need to recapitalise their assets, but faced challenges due to Zambia’s poor investment climate, characterised by high costs of production.

“A lot of them need to invest into their current operations. But it’s difficult to attract investment in this jurisdiction under the current investment climate. Most of the ‘old Copperbelt’ are high cost operations so to get them to a point where their unit cost reaches a sustainable level; you need to have significant investment into their operations. But investment will come if the climate is attractive,” explained Mateyo, who, however, said power supply to mining companies had been stable this year despite the country’s ongoing power deficit.

[deme1] 19/12/2020 20:45

Wouldn't like to be holding bank shares come Monday ;)

[lostabillion] 19/12/2020 19:38

You are very wrong robers, I hold 28m shares here and will buy double the amount I sold when the opportunity presents itself which it will imo.

There is absolutely nothing wrong with JLP but the share price will get dragged down in the short term imo which will present a short (month or so) buying opp.

[robers98] 19/12/2020 19:29

Tintin losta sold up his trading pot was his total jlp shareholding. Now he is trying to deramp to get back in at any cost.
Shame that the funds are now taking stakes in the company just as he sells out!! Maybe he should have listened to TW who clearly had his ear to the ground on funds taking positions.
Now when is the 1St uplift in copper production? Q1 2021 only a few days of 2020 left. So easy to see why there is a rush to get on-board. Imo

[lostabillion] 19/12/2020 16:01

Tintin, calm down, just airing my thoughts with a single post!

[plat hunter] 19/12/2020 15:41

Once again Moneyman... Miles off the point and letting your own prejudices dictate your field of view.Just put me on filter and have done with it.