Jubilee Metals Share Discussion Threads

[nelson01] 25/3/2021 07:29

It should take us to 20p but you never know in these markets.Full year should take us to £65 million and next year £100 million profit if the pgm prices hold up. Going from zero to £100 million profit in a few years is incredible.

[3ootuk] 25/3/2021 07:29

Sell on news brigade hopefully out.
Waverers who weren't sure about output now have a chance to get in a penny cheaper.

[pshevlin] 25/3/2021 07:27

20p will do for the mo. As I said a brokers note with a six month projection will help.plus some good interviews with Leon and Colin.

[arcadian] 25/3/2021 07:25

The outlook statement is very encouraging and should provide momentum for the SP

[frogkid] 25/3/2021 07:21

In line with expectation I would say. Should halt the drop. Someone may have overheard about Roan delay and jumped the gun yesterday. Nothing to concern us. Not sure there is much to propel us to 24p ATM!

[nelson01] 25/3/2021 07:20

Wow £25 million profit and the basket has gone up loads since then.

[pshevlin] 25/3/2021 07:16

Excellent results imo. What we need now is a new brokers note.

[21ant] 25/3/2021 07:11

Well there it is - let’s hope this kick starts our next leg up. Looks pretty damn good to me.
Seems Roan will be up and running in the next 3 weeks - I assume there has been some delay as I thought that was due a few weeks ago but explains the lack of update on that part. Anyway - great numbers. What’s everyone’s thoughts ahead of opening today?

[marmar80] 25/3/2021 07:10

Results out

[robers98] 24/3/2021 23:43

Twitter post copied from ths thread.

Nornickel’s Oktyabrsky and Taimyrsky mines are again flooded. The plug which had been erected for flooding localization, was washed away for the third time. Experts believe that the liquidation of the emergency may take at least a year.

[davr0s] 24/3/2021 22:09

If you look at all shares that have made 5-10x over time they pretty much all have retraces of 20% or more. You have to commit to such volatility if you want to be there when it reaches those levels. So yeah it could lose another 10% tomorrow and remain well within norms. Can't get remotely excited by recent softness. Stop worrying and extrapolating price - it doesn't work that way

[kilgallp] 24/3/2021 20:15

I hope I haven't jinxed it, but added a few late in the day. I don't understand this week's drop! Hope we get the good news I'm expecting in the next few days!

[jackthecat1] 24/3/2021 20:04

i take it as no one is much surprised or bothered by the fall from 17p to 15p, then it will be no surprise if it drops again tommorow then. What's to stop it to be honest.

I will take very strong heavy buying volume to keep it up surely.

Nothing stopped the latest fall. we shall see. it will be interesting if nothing else.

The joys of the market

[robers98] 24/3/2021 19:44

SA’s PGM shares due re-rating after “sorting out” debt, says Blackrock’s Hambro

South African platinum group metals (PGM) industry has “really sorted itself out and deserves a different level of discount rate” because of the way in which they have transformed their operations and, in particular, removed debt.

That’s the view of Evy Hambro, MD of major, London-based investment institution BlackRock, speaking at the Johannesburg Mining Indaba 2021 PGM’s Industry Day

[frogkid] 24/3/2021 19:37

Interesting reading that Robers

[robers98] 24/3/2021 19:19

Sustainability to drive commodity markets for next ten years − Hambro
China strong demand for commodities has shifted the global industry’s perspective away from developing market consumption to a focus on Chinese consumption, BlackRock MD Evy Hambro said during a discussion as part of this year’s virtual Platinum Group Metals (PGMs) Industry Day, on March 24.

This shift in perspective led to a change in the entire commodity landscape, he commented, noting that it affected corporate strategy, which was “always cyclical”, and also impacted on the net price cycles.

However, trends around sustainability would drive markets for the next decade, he said, explaining that this was a “huge thing” for both the financial and resources sectors, as resources companies, for example, had an opportunity to reconsider the role they played within society “because you cannot supply the world’s needs for the carbon transition without commodity supply”.

Producing these commodities in a sustainable way, with as little impact as possible on the world, and doing it in a way that was responsible, was going to impact on the perspectives of companies, which Hambro believed was a transition the world was already experiencing, though slightly earlier than initially expected.

“If that transition is done well, then the resources companies have the ability to be at the heart of being a beneficiary of this transition, with rising commodity demand trends and likely decent margins for a long period of time.”

Therefore, Hambro believed that, should capital discipline remain, and resources be produced responsibly, there was a chance of the sector getting a “re-rating”.

Commenting on environmental, social and governance (ESG) trends specifically, Hambro believed the shift of capital was going to drive differentials of cost in the corporate landscape and, therefore, different ways of measuring companies based on their asset mix will arise.

This was already evidenced through the industry’s “rush” to get out of thermal coal assets, he pointed out, noting that the inability of some companies to dispose of assets like these would negatively impact on them.

The ESG shift is driving positive change in the way that companies behave but is also presenting a challenge in the sense that some companies may not know what to do with noncomplying ESG assets as the new owner may not be as responsible.

Taking all of this into account, Hambro noted that the South African platinum industry had in recent years been “challenged” with regard to a demand outlook, as many commodities experienced challenges in terms of demand and supply.

Whether this was as a result of the original shift towards diesel, from gasoline, or whether it was owing to the threat of what the future holds with regard to electric vehicles and fuel cells, Hambro said this resulted in changes to pricing, which “caused significant pain in the industry”.

The industry reacted, in many cases, by removing capacity, reducing cash flows or disallowing reinvestment into new capacity, and this, in turn, changed the landscape for supply.

Hambro said the industry was now “in a much stronger position” with robust balance sheets, which “cannot be ignored”.

“The mining industry today has learned from the pain of having a levered balance sheet when demand slows down, and the damage that causes to your equity base is permanent.”

The PGMs industry, he added, was “well financed” and, therefore, “deserved” a different level of discount rate, because the risk was now “significantly lower” owing to a lack of gearing.

[gsg] 24/3/2021 18:50

No probs Losta.

I can't find a company better placed than JLP to profit on all fronts.

Right place, right time

[davr0s] 24/3/2021 18:49

Stop trying to fit a story to the fall day - it's noise. You'll go mad trying to do this. I have a stop in the market (miles from the current price) and if it hits it then so be it but I have a lot of profit locked-in even if it hits it. Very relaxed and given some are panicking I see as a positive as it takes heat out of the price if it wants to move ahead

[lostabillion] 24/3/2021 18:36

Thanks again gsg.

[gsg] 24/3/2021 18:23

Is copper about to surge like in the 2000s?

[jackthecat1] 24/3/2021 17:53

No worries GSG, all good.

A strange drop all the same. Updates will reveal all soon enough

[deme1] 24/3/2021 17:10

Losta can never time a trade ;)

[dafrog] 24/3/2021 17:08

Odd to have such a drop. If it is Suez then daft. Evergreen ships are good and refloating is no big deal in calm waters. Would buy more but ISAs full.

[goingforarun] 24/3/2021 17:07

Can’t see this as anything other than another buying opportunity? Seems everyone is ignoring that the PE is heading south very quickly!

[sb] 24/3/2021 16:42

Well... Its been a good day for the MMs who have frightened the herd into selling... and all trading is good trading for them..