Jubilee Metals Share Discussion Threads

[gsg] 08/3/2021 10:32

As with most fruitcakes. He's a legend, in his own mind.

[frogkid] 08/3/2021 10:18

i think it is your exit that is questionable Lostda.

[the bull] 08/3/2021 10:02

what's changed for you then Losta, are you the real one again and the negative one doesn't have access to your keyboard any more

[gsg] 08/3/2021 09:32

Cantors are not offering any prices on JLP via L2 this morning, which gives it a totally different dynamic. It will be interesting to see what happens when their prices come back.

[lostabillion] 08/3/2021 09:31

Frog, looks like my re entry was well timed.

Now let’s see Zak’s 26p by end of March forecast come to fruition.

He’s been extremely accurate over the last year so fingers crossed.

[888icb] 08/3/2021 09:28

Up 1.6% nearly back to 16p as volume reaches 1 million.

[frogkid] 08/3/2021 09:25

all aboard, next leg up just starting this morning...

[lostabillion] 08/3/2021 09:23

SB, I’m a bit of both. I enjoy trading but also sometimes take long term positions (10 yrs in JLP) which paid off handsomely.

Good luck all.

[husbod] 08/3/2021 08:38

Let's see if the share price is consistent - up .05p. Is that it for the day?More than happy to be proved wrong, so long as it's upwards wise and the quicker the better.

[gsg] 08/3/2021 08:33

L2 1 v 1

Bid

08:20 WIRE 250,000 15.6
07:51 CANA 150,000 15.5
07:56 MREX 150,000 15.5
07:53 SING 150,000 15.5
07:58 STFL 150,000 15.5
07:53 JBER 150,000 15.3
07:48 SCAP 150,000 15.1
16:51 CFEP 0 15
07:52 PEEL 150,000 14.9
08:10 WINS 200,000 14.9

Offer

15.8 150,000 JBER 07:53
15.9 150,000 PEEL 07:52
15.9 200,000 WINS 08:10
16.1 150,000 SCAP 07:48
16.2 250,000 WIRE 08:20
16.5 150,000 MREX 07:56
16.5 150,000 SING 07:53
16.5 150,000 STFL 07:58
17.5 150,000 CANA 07:51
18 0 CFEP 16:51

[sb] 08/3/2021 08:32

You don't know what the word invest means Losta ... you're a trader...

[cervelo] 08/3/2021 08:21

Been consolidating for a while, happy with the position. Looking forward to the next update.

[gsg] 08/3/2021 08:13

L2 just firmed up. 4 v 1

[robers98] 07/3/2021 23:54

PGMs starting the week on a positive note.

[millwallfan] 07/3/2021 21:27

Yes thanks MT. I have a fairly decent mixed commodity exposure, JLP, PRE, SRB, GGP and GFM supporting a large LLOY and TW with AGL in the medical field so am really hoping we are entering a commodity super cycle as I think LLOY my biggest ££ holding will struggle to get me back to break even @60p for quite some time.

[arcadian] 07/3/2021 19:21

MT

Thanks

[mount teide] 07/3/2021 18:31

How about: Buy Commodities and their Equities.......Sell S&P 500/FTSE 100!

With respect to JLP - Industrial metals(Copper) and oil have proved a much better inflation hedge over the last 40 years than gold. Most recession surviving miners are now super lean, ultra low OPEX businesses that can virtually operate on fresh air - the current very strong metal pricing should see spectacular cash flow growth over the next 2-3 years.

BIDEN SAYS STIMULUS PLAN CAN INCREASE US GDP BY $1 TRILLION - Zero Hedge

'So every dollar of debt buys less than 50c of growth'

"Yes.. that is the math..... and the effect is tax by inflation. So watch out.. " David Neuhauser/ High performing US Hedge Fund Manager


Been 100% in commodity equities(O&G and Industrial metals) since H1/2020 and 75% since 2017.

[millwallfan] 07/3/2021 17:39

MT. I am pretty thick so could you please now write one more paragraph starting

So in a nutshell my interpretation of all he above in so far as it affects JLP IS.......

[mount teide] 07/3/2021 16:12

Crescat Capital finished strong in 2020 to capture the top three spots in the Bloomberg News US hedge fund performance table for December.

All three Crescat Capital funds made it into Bloomberg’s top 10 for the full year with the Crescat Precious Metals Fund taking the Number 1 spot.

Some of Crescat's macro investing charts for 2021, where they see an incredible macro set opportunity for commodities for years ahead:

Energy Sector Capex Cycle



Commodities v Emerging Markets

The chart below shows how commodities have massively lagged versus the rise of the MSCI Emerging Markets Index in the last few years. This divergence puts into perspective how only one of those two assets looks to be an asymmetric opportunity for the years ahead – commodities.



The Great Rotation

If we could only focus in one chart for the next three to five years, it would be the following. For us, the opportunity of buying historically undervalued commodity related assets while hedging our exposure by shorting overhyped equities is compelling.



Crescat US Equity Market Valuation Model




'As profiled in our recent quarterly newsletters, the stage is set for a massive investor shift out of overvalued mega cap growth stocks and fixed income securities and into undervalued materials, energy, and other commodities. We believe it is the dawn of what we are calling the Great Rotation.

The preconditions are summarized as follows:

* The Democratic sweep opens the way for full Modern Monetary Theory implementation;

* Janet Yellen as Secretary of the Treasury brings the Fed and US Government onto the same team;

* The appointment of Bernie Sanders as the Chairman of the Senate Budget Committee sets the tone for a fiscal spending explosion;

* Jerome Powell “welcomes” inflation and is “not even thinking about raising rates”;

* The Fed’s quantitative easing is on autopilot at $120 billion per month with no end in sight;

* Twin budget and trade deficits have continued to deteriorate and are now at 25% of nominal GDP;

* Record valuations for stocks and fixed income securities;

* Historic global debt to GDP imbalances;

* Extreme bullishness and speculative long positioning in overvalued large cap growth and tech stocks;

* Historic relative undervaluation of commodities and equities of basic resource companies;

* Investor overconfidence in Fed to keep stocks and credit buoyed without creating significant inflation;

* The Fed will likely no longer be able to keep both interest rates and inflation down at the same time;

* Inflation is catalyst for the Great Rotation, the end game for popular risk parity hedge fund strategies;

* Forget about the “output gap”: Inflation today starts with the “input gap” – rising wholesale prices due to underinvestment in commodity industries that will lead to supply shortages;

* Aggregate demand meanwhile is indeed boosted by MMT;

* Money printing combined with declining negative real rates are creating explosive macro demand drivers for gold and silver;

* Precious metals represent the core asset class for capital preservation in a rising inflation and overvalued financial asset world;

* All fiat currencies globally are being devalued relative to gold;

* The US dollar is not the structurally weakest fiat currency;

* The Chinese yuan and Hong Kong dollar represent two of the most overvalued currencies on the planet today in Crescat’s analysis;

* China has created a massive $46 trillion USD of credit in its banking system which is insolvent; and

* The Chinese banking bubble is four times greater than the bank asset to GDP imbalance in the US at the peak of the housing bubble ahead of the 2008 GFC creating emerging markets FX risk that much of investing world is oblivious to today.

[robers98] 07/3/2021 14:03

Minimum news for this month is roan copper production update (not just website pics) & half year report.

Jubilee should be able to surge on its own if we get any other updates. Wish the warrant holder make their mind up.

[adejuk] 07/3/2021 12:42

the markets will surge this week

[gsg] 06/3/2021 14:05

Interesting that Southern Copper trades on a PE ratio of 24. Admittedly it's way ahead of the average, but it shows it can happen.

“Valuations would be higher because of the better price environment, but at the same time our own valuations will be higher,” Jacob said. With a balance sheet that he said “is probably underutilized,”; Southern Copper trades at 24 times estimated earnings, well above its peer group’s median ratio.