Jubilee Metals Share Discussion Threads

[jackthecat1] 23/3/2021 15:39

In all seriousness, WHY do we think the share price has been so very very static in this range for weeks / over a month now/.

I'm not saying it should be any higher or even lower, but it seems entrenched between 16.40p odds - 16.90p odds?. Low volume / high volume seems to make no difference either way. Its like its been suspended if that makes sense, on pause?!

I know we are waiting for an in depth update / Half Year figures etc, but i would have envisaged a bit more action either up or down in the run up to that.

Is it actually possible for the price to be held at these levels for II's to add??, or it that really an old wife's tale?.

I dont mind either way, just seems incredible the price has hardly moved a ball hair for weeks now. I just dont want / need any bad surprises, i've had them before and never again. JLP MUST be making utter fortunes on the back of commodity prices, they have to be.

All will be revealed in due course over the comings days / weeks.

[lostabillion] 23/3/2021 15:36

I appreciate it when people share relevant articles and saying thank you costs nothing :—)

If Zak’s chart is right then we’ll be north of 30p in 6 weeks!

He’s been spot on the last couple of years so fingers crossed.

[gsg] 23/3/2021 15:33

Losta. Even though we have our differences, you are the most polite person, I've ever come across on these boards.

[lostabillion] 23/3/2021 15:29

Thanks for that GSG.

[gsg] 23/3/2021 15:02

According to JP Morgan Cazenove analyst, Dominic O’Kane and his team, platinum will comprise 50% of Amplats’ production in 2021, but contribute only 21% to revenue, based on current prices. Rhodium, however, is 5% of production, but 48% of revenue, given its sky-high pricing currently, which most PGM producers believe is might be sustainable.

Sibanye-Stillwater said in its year-end presentation in February that a supply deficit in rhodium would increase each year from now until 2025.

Other previously lesser-known elements of the PGM basket are also on the rise. According to a Goldman Sachs note today, iridium has hit an all-time high of $6,000 per ounce, largely owing to “… supply tightness from South Africa and strong demand in the electrical and electrochemical sector”.

Iridium contributed 2% of Amplats’ revenue in 2020 at a price of $1,570/oz, but spot prices for the metal are now four times higher. “We see this price move as positive for Anglo [American],” said the bank, noting that PGMs account for 37% of its earnings before interest, tax, depreciation, and amortisation this year.

The demand side of the PGM market has matured beyond recognition in the last 20 years. This is largely owing to decarbonisation of the drive-train; industry jargon for increasing demand for electric vehicles which use batteries and fuel cells rich in PGM loadings. Last year, the automotive industry accounted for two-thirds of total PGM demand.

According to Viljoen, 2020 was “the breakthrough year” for the hydrogen economy as nine countries, including the European Union, announced hydrogen policies. Said Viljoen: “To put this into perspective, if just 50% of heavy-duty vehicles and 15% of light-duty vehicles were to shift to fuel cell power, this could translate into PGM demand of about six million oz, or 75% of global demand today”.

Iridium’s price rise also speaks to other segments of the industrial market lending an extra push to the overall basket PGM price.

“Iridium is a critical element in several niche products used for electronics and telecommunications systems (especially 5G applications),” said Goldman Sachs. “It is also used in PEM (polymer electrolyte membrane) electrolysers in the production of green hydrogen via electrolysis, the bank said.

[the skipper] 23/3/2021 14:01

Yes just noticed that on re-reading sb, but I think the TA remains valid, athough I doubt that many would see a ten year old share price as a serious resistance level as the company has grown exponentially since those days.

[frogkid] 23/3/2021 13:18

Pt is ridiculously cheap, i dont get it...

[bullster] 23/3/2021 13:05

PLATINUM
49%
@
$1,184.00
$580.16


PALLADIUM
40%
@
$2,545.00
$1,018.00


RHODIUM
9%
@
$27,000.00
$2,430.00


GOLD
2%
@
$1,739.30
$34.79





B.B.I. =
$4,062.95

[frogkid] 23/3/2021 12:42

i would prefer the fireworks started after the new Tax Year!

[sb] 23/3/2021 12:35

Skipper... That II article was from mid February...

[lostabillion] 23/3/2021 10:28

Interims RNS will be Friday or Monday imo. 75% chance of Friday - 25% Monday.

Either way I suspect we’ll see fireworks by the end of next week with ii’s mopping up a good chunk of the free float.

[the skipper] 23/3/2021 10:27

I see we have got some analysis from Alistair Strang in today's updates from Interactive Investor: so be kind to any newbies asking questions folks.

[the bull] 23/3/2021 10:24

I hold JLP, GLR and XTR

If they all meet

JLP = 40p
GLR = 15p
XTR = 15p

I will ask for Colins hand

[bullster] 23/3/2021 10:21

.
.

scunny bunny,

Well done, you've cracked the code.

.
.

[the bull] 23/3/2021 10:17

unaudited earnings of $75M?

A takeover bid the same day = BOOM BOOM BOOM Shake the room

[scunny bunny] 23/3/2021 10:14

Half-Yearly Results
26 Mar 2021
Previous date Date
Annual General Meeting
3 Dec 2020
Annual Report
10 Nov 2020
Final Results
10 Nov 2020
Half-Yearly Results
26 Mar 2020

[jackthecat1] 23/3/2021 10:03

why rns today folks?, it was the 28th march last year, circa Friday this week?.

[donaferentes] 23/3/2021 09:48

SA are 2 hours ahead of us, so we should wait to publish an RNS until 8am when both markets are first open. Similarly, we should cease around 2.30pm when SA closes. But do JSE and LSE have any formal rules on this issue?

[wilpex] 23/3/2021 09:42

Unaudited earnings in excess of 75 million is my best guess. Hold on to your knickers.

[scrappycat] 23/3/2021 09:34

No RNS with financial implications should be published before 8am in this country, for this could result in an arbitrage situation between here and the South African market. Likewise, after 1530 GMT. Not sure what happens when British Summer Time kicks in.

I think this is the situation, but, no doubt, someone will correct me if I am wrong.

[gsg] 23/3/2021 09:21

JLP's random announcement times continues to amaze. Last year the interim's were published at 10.10am.!!! Strange that they are so meticulous with their metal processing yet so slapdash with announcements.

Hoping for an rns today, however my guess is this Thursday.

[robers98] 23/3/2021 08:57

Morning Mike, hopefully SA can give the UK some direction.

[mikebolle] 23/3/2021 08:51

We are slightly up today on the jse (2%)

[pshevlin] 23/3/2021 08:29

It closed at 16.9 because of that UTC.