Jubilee Metals Share Discussion Threads

[jackthecat1] 18/3/2021 08:52

come on JLP keep up ffs!.

[gsg] 18/3/2021 08:47

Platinum’s High-Flying Stocks Set to Extend Johannesburg Gains


Bloomberg) -- The blistering pace of gains that has pushed South African platinum stocks to the highest in more than 12 years looks likely to be sustained as an upswing in demand and supply constraints fuel the rally.

Johannesburg’s index of platinum stocks has soared 30% this year, leaving the other sectors in the local equities benchmark trailing in their wake. Over 12 months, the FTSE/JSE Africa Platinum Mining Index is up an eye-watering 230% as of Tuesday’s close, thanks to surging prices for palladium and rhodium, dug up with platinum and used in vehicle pollution-control devices.

Disruptions at No. 1 global palladium miner MMC Norilsk Nickel PJSC have added to worries over production of platinum group metals. Last year, the platinum market experienced its biggest annual supply deficit on record. Palladium rallied the most since January on Tuesday as Norilsk Nickel cut production targets after flooding at two of its sites.

“Given the Norilsk situation, I think PGM prices could rise further near-term,” David Aserkoff, a London-based JPMorgan Chase & Co. equity strategist, said in emailed comments. JPMorgan has an overweight recommendation on the South African platinum sector, with Sibanye Stillwater Ltd. among its top 10 picks for Central and eastern Europe, Middle East and Africa, while Impala Platinum Holdings Ltd. is among the leading selections in South Africa.

Estimated dividend yields on the platinum index have surged as earnings expectations are ratcheted higher, jumping to 11.5% from 4.3% at the end of 2020.

“Earnings expectations have increased quite significantly for 2021 due to the higher basket price,” said Seleho Tsatsi, an investment analyst at Anchor Capital in Johannesburg.

Analysts have also revised their 12-month earnings-per-share projections by 100% since April, as climbing metals prices drive increased profits in the sector.

[gsg] 18/3/2021 08:28

Hopeful sign. WH Ireland have switched from being alone on the offer to joint on the bid, although with a 3% spread they have plenty of room for manoeuvre. L2 2 v 1

[robers98] 18/3/2021 08:11

Or Palladium

[deme1] 18/3/2021 07:55

Did not take rhodium long to bounce back

[robers98] 17/3/2021 20:41

US economy to grow faster than forecast, says Federal Reserve

[the skipper] 17/3/2021 19:46

More here on revised US growth forecasts, etc:


The markets seem to like it.

[the skipper] 17/3/2021 19:29

Here's the reason sb:


Dollar going down the pan on inflation worries after the Fed meeting. This can only be good news for the commodities which JLP produces and might even get chrome prices moving north again.

[freddie ferret] 17/3/2021 19:17

sb. Re 37425.

That link is six months old and is written from a Pt investors point of view.
For the Pt investor Rh is a problem due to its high price and scarcity, basically it will cause more Pt and Pd to be produced and thereby in relative terms, flood the market with Pd and Pt.
I am not sure how much the writer would know about the catalyst side of things.

It is possible that Pd could be substituted for Rh in as far as dealing with CO and hydrocardons but not for the NOxs.

PS. Kitco a little while ago were showing Rh up $2000 at 12.00 eastern time.

[sb] 17/3/2021 19:07

What makes you suggest that, Skipper? Palladium is on a bit of a rip but the rest seem pretty "stable"...

[the skipper] 17/3/2021 18:59

I've been out and about all afternoon, but looking at what PM prices are currently doing I assume the Fed must have announced some interventions.

[sb] 17/3/2021 17:34

Re. Pd / Rh substitution:

"The risk to rhodium supply was immediate, according to Stephen Forrest of SFA Oxford, the research house bought by Sibanye-Stillwater last year.

“South Africa must address the rhodium deficit market is what is ever-tightening emissions standards,” said Forrest of the implementation of environmental legislation in China as well as elsewhere globally.

Whilst the market deficit was “unlikely to be reversed by projects” restarts of mines as well as brownfields expansions would help to relieve pressure on the volatile rhodium market the price of which was “alarmist”.

Companies that have delayed projects or put them into mothballs will consider re-opening them, he said. “I am concerned the rhodium price will go higher and higher and injure the basket unless South Africa reacts quickly,” he said.

Forrest believed that semi-fabricators [b]would start to substitute rhodium in autocatalysts with palladium[/b] which would have a knock-on effect on the platinum market."

[lostabillion] 17/3/2021 17:12

TB, another blast from the past, good old Torotrak!!

I went to their AGM up at Leyland and even had a ride in one of the CVT equipped 4x4’s!!!

That must have been around 1999/2000 ish.

[frogkid] 17/3/2021 17:00

Flippin eck TB, thought my losses were bad. Some a bit on that plumbing outfit oystertec and HCEG as well. Other than those disasters I have done pretty well, especially from JLP !

[scrappycat] 17/3/2021 16:45

Remember making some very decent profits via Motion Media. Got out near the top, but, unfortunately, became involved with Medex/Bioprogress, and we know what happened to that. Such is life. I stick with metals these days. The projections for their reserves etc, are so much more reliable imho.

[lostabillion] 17/3/2021 16:33

I went to one of their London agm’s

Managed to get out before it became Meldex if I recall.

I remember brushing my teeth with some toothpaste that contained their crystal tab things!

[frogkid] 17/3/2021 16:26

Yep, done some dosh on that one. I even went to the presentation up in Cambs! Shame really, could have been great!

[lostabillion] 17/3/2021 16:22

Frog, were you in Bioprogress?

That really is a blast from the past!

Good old Barry Muncaster and Graham Hind!

Edit: Both dead now!

[scrappycat] 17/3/2021 16:20

robers,

The vultures could still be feeding. It seems to have escaped people's attention, but we have had no TR1s published relating to their recent purchases

[highly geared] 17/3/2021 16:17

Happy with steady consolidation above 16p until next significant RNS (Q3 - mid to late April). Expect us to be at 20p then.

[robers98] 17/3/2021 16:12

Copper having a nice afternoon but JLP remaining static!!