Jubilee Metals Share Discussion Threads

[sb] 19/1/2021 15:17

Meme... I read recently that there is an increasing demand / switch in China from Gold to Platinum in jewelry...

[sb] 19/1/2021 15:16

What will you do if he isn't? Jump?

[daocana] 19/1/2021 15:12

ita all going down we are now getting info direct to the public..from general hyten on telegram..he we be communicating with the public..trump 4 more years..biden and dems and nwo going down,,castlerock is code for the president

[memexx] 19/1/2021 15:12

Thank you Highly Geared. Much appreciated.

[frogkid] 19/1/2021 15:02

Hi Robers. Froneman was mentioned on the other place regarding some kind of merger. Not the House of Lords i should mention.

[highly geared] 19/1/2021 15:01

Fabulous and informative post MemeXX

[bullster] 19/1/2021 14:55

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'SOS' .........Our webcast is missing .

I think the last brrmedia webcast has not appeared because when speaking of Tjate Leon said it could be a project for one of our neighbours.

He then threw in the line, Tjate is down dip from Twickenham mine.

Well, if you know anything about drag-lining, in the mining industry, you'll know it's done towards an up-dip direction.

Towards Twickenham .

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[memexx] 19/1/2021 14:47

Thank you. Just felt like a vent.

[adejuk] 19/1/2021 14:44

meme
brill

[frogkid] 19/1/2021 14:33

I would take 25p first 6 months of the year tintin

[robers98] 19/1/2021 14:32

Cheers Bullster thought I'd woken up this morning in a parallel universe.

Remember to check out the old Braemore board for any vital information on Australia.

[marmar80] 19/1/2021 14:25

It was a smart move and what's most important is the fact that we have a big investor backing the 13p level from now on

[bullster] 19/1/2021 14:22

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Has Colin averted the requirement to issue a "director sell RNS"

I thank he has.

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[bullster] 19/1/2021 14:19

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robers98,

Heres one contribution of facts from the brrmedia webcast.


Windsor8 came into operation at the end of last year.

Another new, very large chrome facility is under construction with an end of February commissioning target.

We will be producing an equivalent 600,000 tonnes of chrome concentrate per year over this six month period.

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[plat hunter] 19/1/2021 14:05

Because Colin and Leon didn't want to sell on the open market lol

[scrappycat] 19/1/2021 13:48

sb,

IMHO, the 'slugs' were not that large for IIs. If JLP wished to avoid dilution, the only way they could up their stakes (and why not, given JLP's prospects) is to buy on the open market.

[robers98] 19/1/2021 13:44

South African mining dealmaker plots M&A push before retirement

South African mining dealmaker Neal Froneman is considering retiring in two to three years time, but would first like to double the size of Sibanye-Stillwater.

Froneman built Johannesburg-based Sibanye into a company with a market value of more than R182-billion ($11.9-billion) by buying gold, platinum and palladium mines in Southern Africa and the US. Now the 61-year-old is looking for acquisitions in battery metals, before handing over to a successor.

“I would like to see the company’s size double to a $20-billion market capitalisation plus before I move on,” Froneman said in an interview from his farm in South Africa’s Limpopo province. “Two to three years sounds like a good innings and I think we can deliver quite a lot in terms of our strategy.”

Nicknamed Mr Fix-It for turning around some of South Africa’ aging gold mines, Froneman has identified opportunities in nickel, copper and lithium and may announce a deal this year. The company is also looking to acquire more gold assets, though high valuations are currently a deterrent, the CEO said.

“M&A is what we are good at,” Froneman said. “We have created value and we are going to continue to create value in the right way at the right time.”

Froneman re-jigged Sibanye’s management structure last year, appointing long-time ally Richard Stewart to a new position as chief operations officer. At 45, Stewart is the youngest member of Sibanye’s executive team, and the geologist helped forge the company’s platinum-group metals businesses.

“Richard and I work well, he is entrepreneurial, he has got a solid technical background but it’s a broader team that impacts our business,” Froneman said. “Richard is certainly one of the potential successors but there are others.”

[scrappycat] 19/1/2021 13:43

There is surely a possibility that the MMs are keeping the price low deliberately They would not wish wo encourage buying if the IIs are still have a large order(s) to be fill at, say, sub 13.5p

[sb] 19/1/2021 13:40

Two IIs just acquired a large slug ... why would they be continuing to buy? More likely there is a large seller unloading which is why the price is static as the buys are soaked up. We are in a re-balancing phase where the get rich quick PI mob sell so they can go and chase XTR etc ... and some larger players in the background are changing their strategy hence the IIs activity. Give it a few days and the situation will clear and normal market forces resume.

[wilpex] 19/1/2021 13:34

It's very strange. I can buy 250K @ 13.3 which took me by surprise. I had thought that our new II was buying in the background, but now I'm not so sure.

[robers98] 19/1/2021 13:33

ZCCM to buy Glencore’s stake in Mopani

Diversified miner Glencore’s subsidiary Carlisa Investments Corporation has signed an agreement with ZCCM Investments Holding to transfer its 90% interest in Mopani Copper Mines to ZCCM for $1 and the transaction debt of $1.5-billion.

[robers98] 19/1/2021 13:29

Well if Colin is reading the BB today he will think he has the wrong board.

Loads of info in the webcast yesterday & not a decent comment/thought posted. Loads of future direction given. Certainly has a plan in play unlike over at SLP, still wish we had their cash levels but shame they don't know what to do with it.

Also THS still willing to throw money away on their chrome project, when they could JV with us.

Next copper deal close at hand. Looking at refinery options as many no longer have the DRC material. We could easily look at requiring a further refinery for project Elephant 2 & any further dump deal. How much for a refinery on c&m? imo

[bullster] 19/1/2021 13:20

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Some where asking about the valuation of Tjate.

Obviously, Tjate is not up and running as an operating mine, the value is restricted to the value of the mining right pertaining to extractable minerals available.

Now to the value, as extracted from side notes written in the full year results in November:

"The carrying value of intangible assets included in the Group's Statement of Financial Position at 30 June 2020 was £73m.
Of this total, £36.4m is attributable to the Group's mining right associated with the Group's Tjate project in South Africa".

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