Jubilee Metals Share Discussion Threads

[gsg] 11/3/2021 16:33

Thanks freedom.

[frogkid] 11/3/2021 16:29

Quite right freedom. We will soon be knocking on the door of 20p. By EOM March IMO.

[adejuk] 11/3/2021 16:27

i just took 100k at 16.425
showing as a sell

[robers98] 11/3/2021 16:27

Copper wobbles mask ongoing demand strength, top supplier says

The official overseeing the world’s biggest copper industry isn’t losing any sleep over the recent pullback in prices, saying the underlying trend of rising demand remains intact despite hard-to-read daily market gyrations.

Copper surged to the highest in almost a decade last month on strong Chinese buying and as investors poured into commodities on the prospect that vaccinations and stimulus would unlock a sharp global recovery. Since then, futures have retreated about 6% as the dollar and bond yields rose.

“I don’t think there is one single cause behind that little drop in the price,” Chile’s Energy and Mining Minister Juan Carlos Jobet said when asked if he’d noticed any cooling in Chinese demand. “To be honest, I’m not giving a lot of attention to day-to-day movements in the price.”

“In the medium term, as renewable energy and electro-mobility agendas accelerate, the demand for copper will go up, and that is the most permanent trend,” Jobet said.

Speaking in an interview Wednesday, he said China’s pledge to be carbon neutral by 2060 and the change of government in the US are among recent events that support copper demand growth, while suppliers are set to maintain their discipline after learning lessons in the last supercycle. Prices are up 90% from a low last March.

“I’m seeing an industry that is moderately optimistic on the fundamentals, but they will not rush into investment decisions that have long-term implications because of a short-term change in the price,” the minister said.

Still, his government calculates $74-billion in projects in the pipeline over the next decade in Chile, a nation that accounts for more than a quarter of the world’s copper. That compares with a CRU Group estimate that the copper industry will need upwards of $100-billion in investments to meet projected demand growth by 2030 amid global electrification.

While a stronger-for-longer price scenario might make some high-cost projects more appealing to develop, that would be at the margins, Jobet said. “I don’t think companies will change those plans because of what’s happened to prices in the last couple of months.”

The industry’s ability to obtain permits to meet rising supply will depend largely on convincing stakeholders it’s doing enough in environmental, social and governance areas, he said. Mining companies are moving to renewable energy, using more seawater and taking some initial steps to replace diesel with green hydrogen or batteries.

“The challenge is to improve their relationship not just with local communities but to outline and draw in the minds of a broader population a vision of what mining will be in the future,” he said. “How do we explain to the broader population that Chilean copper is going to be essential for the world to be carbon neutral.”

For now, the Chilean industry is dealing with an increase in Covid-19 cases in mining areas. Last year, mines in the South American nation managed to maintain output through the pandemic and continue to do so this year, Jobet said.

One challenge for mining companies is to reduce infections when people aren’t working. Some operations, such as Codelco’s El Teniente mine, are making their facilities and medical teams available for local populations to get vaccinated, he said.

[freedom97] 11/3/2021 16:26

GSG, there isn't really any resistance point at 17p. The reason why the share price dropped when it last hit 17p was because the share price had rallied from very low level. Now though the share price has consolidated at both 13p & 16p, so should cross right thru 17p without a problem imo.

[adejuk] 11/3/2021 16:26

day trader selloff

[highly geared] 11/3/2021 16:20

MT , that’s the great long term play here, apart from the immediate earnings growth through Chrome and Platinum which account for the vast majority of earnings growth to date.

£75 Million of copper earnings with 20 year + supply should allow a PE 10 rating minimum. That’s £750 Million market cap. Provided platinum feed is retained for 10 years out, you comfortably get to a £1 Billion market cap...

[gsg] 11/3/2021 16:20

I would be interested to know, what makes this a resistance point at all? I would welcome your views.

[ginko3] 11/3/2021 16:18

. . . and there were far fewer shares in circulation

[9tintin] 11/3/2021 16:18

MT

Where do you get the margin of $2/lb on copper?

WH Ireland perhaps?

If so there numbers are well out of date!!

tintin

[adejuk] 11/3/2021 16:17

but on the long term chart you are correct free
next strong point is 30p - but that's from when dinosaurs ruled the world :-0

[adejuk] 11/3/2021 16:14

we'll see soon

[freedom97] 11/3/2021 16:11

Very weak resistance point.

[adejuk] 11/3/2021 16:07

17 is the resistance.
not long now

[mount teide] 11/3/2021 16:03

With respect to the build up to 25,000 tonnes of copper production per year.......... at an operating margin of $2/lb, this would generate circa $110m of operating cash flow per annum.

[9tintin] 11/3/2021 15:01

Nearly £500k share trade gone through, one can only assume it was a buy which accounted for the rise??

tintin

[adejuk] 11/3/2021 14:52

deme
it's sinking under the weight of his gains.
i still think he held 28 mill or a large fraction of it.
i was buying at under 1p and it would have been easy to trade up to 10's of mill
i don't believe he is psychotic
he may exagerate but i don't think he's delusional

[gsg] 11/3/2021 14:51

Copper climbs near 10-year highs as bullish mood returns

Mar. 11, 2021 9:43 AM

Copper prices (HG1:COM) are resuming their rise towards 10-year highs hit last month, lifted by the U.S. stimulus bill, benign U.S. inflation data and better than expected Chinese lending numbers.

LME benchmark copper recently was +2.1% at $9,048/metric ton, not far below the $9,617/mt peak reached in February and within striking distance of the all-time peak of $10,190/mt set in 2011.

The chairman of Chinese metals trader Maike Group predicts copper will surge to an all-time high over the next 12 months due to strong demand from China's clean energy drive and years of under-investment in global mine supply.

[deme1] 11/3/2021 14:44

Losta.

1. no one believes you anymore.
2. some of us like the real world and not the make believe ;)

How's your boat ;)

[adejuk] 11/3/2021 14:43

going bonkers now

[gsg] 11/3/2021 14:41

L2 is currently 3 v 4, with WH Ireland who were alone on the offer switching to the bid. Could be a key move to get us heading north imo.

[lostabillion] 11/3/2021 14:26

3m ;—)

[bullster] 11/3/2021 14:15

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502.5k warrant shares came on to the market today, availability of stock seems to have given the share price a shot in the arm. Pardon the pun.

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[gsg] 11/3/2021 13:54

At auction someone just put 4500 shares on the bid at 17p.