Jubilee Metals Share Discussion Threads

[robers98] 03/4/2021 14:37

Good find GSG, any news on jlp being involved back in the nickel project should light the afterburners.

[line and length] 03/4/2021 14:10

Great post sb. Watch out for market manipulation and the slingshot effect!

[sb] 03/4/2021 10:54

gfar... IIs/HNWs/Hedge Funds et al are only interested in buying at the lowest price and selling at the highest and profiting from market movements. They have no interest in anyone else, only to support their own activity. JLP has gone though a long period of growth and many people are expecting further price rises with a high degree of certainty as the speculation on the BBs about future profitability and new opportunities gets ever wilder and wilder. This is heady territory for market manipulation because the market psychology has been wound up to maximum. In this state it takes very little to spook a lot of holders into selling by manipulating the price to do the opposite of what everyone seems to expect is supposed to happen. If you think of the trading this last couple of weeks, for no apparent reason the price dropped quite quickly because the market had been spooked and small holders sitting on large profits and those late to the party looking at immediate losses began to sell. You see it on here...people complain of the price dropping then admit that they sold too because of what they read on a BB. When the market is charged up it is common for large organisations looking to profit in the short or longer term to destabilise the market to their advantage. So an II looking to BUY more stock at a lower price may well actually SELL some of their holding to get the market moving in the direction they want, which is lower. And as the herd starts to run (you only have to read the BBs to see the herd, the many many people who have almost no clue about investing in individual stocks, and they're the ones that post...there will 1000 times more that never post at all) the price naturally follows on down and the II/HNW etc mops up the stock as it becomes available. Remember for ever seller there must be a buyer. They may well have placed large but iceberged buy orders at lower prices and so their action drives the price towards where they want to buy. It's not illegal, it's just using human psychology, the weight of money and professional traders to achieve an end. That is why taking an objective view and not allowing yourself to be spooked means you don't lose out to a market ploy and if you see what is happening can actually profit from it yourself. Here's an article on it:

[scrappycat] 02/4/2021 22:48

Gfar,

Other than the fact that IIs are buying more (at mate's rates I suspect), it seem your comment could be a valid one. Personally, I couldn't care less about the vagaries in the share price largely resultant from the metal market pricing, I, like them I suspect, am here for the long term. The IIS are not here in a supportive role, they are here to make money

[goingforarun] 02/4/2021 20:12

Can’t see that any of these new investors are really supporting the SP? After all it’s dropped 10% whilst all this is supposed movement has been going on!

[scrappycat] 02/4/2021 15:57

We are a metal producer, and this can reasonably put us in the Mining Sector I think. Whatever, we make a lot of money from metals, and are extremely likely to produce one hell of a lot more. THE RECENT INFLUX OF IIS CERTAINLY SUPPORTS THAT VEIW, imho.

[sb] 02/4/2021 14:12

Your point is Robers...? There is no category of "Tailings Processor", I am afraid we get lumped together with the miners... But that is rather missing the point about Ssnford's funds...

[xow98] 02/4/2021 13:34

Shareholders per Marketscreener

Quantock 144m & Vikrant Bhargava 117m not on earlier post

Name Equities %
Canaccord Genuity Wealth Ltd. 232,442,969 10.4%
Jarvis Investment Management Ltd. 190,761,000 8.51%
Quantock Plc 144,250,624 6.43%
Hargreaves Lansdown Asset Management Ltd. 130,152,000 5.81%
Sanford DeLand Asset Management Ltd. 121,950,000 5.44%
Slater Investments Ltd. 121,300,000 5.41%
Vikrant Bhargava 117,084,376 5.22%
Miton Asset Management Ltd. 111,514,015 4.97%
Jupiter Asset Management Ltd. 81,708,465 3.64%
Hargreaves Lansdown Stockbrokers Ltd. 80,094,000 3.57%

[robers98] 02/4/2021 13:33

We aren't a miner, we are a reprocessing company of tailings or rom material.

[sb] 02/4/2021 12:39

Interestingly, in the profiles of neither of Sanford's two funds, The Free Spirit Fund (£74 million) and the UK Buffetology Fund (£1.5 billion) do they say they hold miners or commodities, in fact they blame their under-performance recently on the basis that they are not exposed to the sector: "We missed out ...on the continuing rally in ...mining, oil and gas and banking companies which remain as incompatible as ever with our Business Perspective investing process"....and "banking, insurance, metals, mining, food & drug retailers and oil & gas reads like a Whos' Who of everything we don't invest in". So it seems they have had a major change of heart and chucked quite a chunk of change of approx. £18 million at JLP ... A shrewd pick and move on their behalf it seems to me... Not sure how they will explain it to their fund holders though!

[gsg] 02/4/2021 12:12

As well as Sanford DeLand Asset Management, when institutions the size of Fidelity are appearing on the Jubilee share register it's time to sit up and take notice imo.

They don't come much bigger than Fidelity with assets under management of 4.9 trillion USD in 2020.

[the bull] 02/4/2021 11:55

If that is a new II, do they collectively hold more than 45% now. If so, we shouldn't be worrying at all about the recent girations in the share price.

[jackthecat1] 02/4/2021 08:07

goingforarun thats exactly right, my thoughts exactly. I suppose it all depends on your reasons for holding / trading / LT investment in JLP. It will drift about imo until then. But a good time to top up at these levels i guess.

[goingforarun] 02/4/2021 07:21

Isn’t the next real driver an RNS on Q1 results or confirmation that Roan is up and running?

[aceshi] 02/4/2021 07:01

JSE finished down, LSE strong uptick. MMs fiddling, something going on in the background. Tuesday could be interesting.

[tonyevo256] 01/4/2021 21:53

Ah ha another ii on the register, explains some of the shenanigans with all the tree shakes and spikes we've had. Those MM are right ba#tards. Well I suppose they have to create a churn to fill orders.....I say keep adding and in 6 months you can thank me...

[robers98] 01/4/2021 18:21

Tuesday will show if today was a flash in the pan or we can get back to the steady 0.5p rises.

[frogkid] 01/4/2021 17:51

Sometimes we go up and sometimes we go down

[jackthecat1] 01/4/2021 17:16

Thats all good, so why the steady drop from 17p after results then?. Surely if they've been mopping up in the 16p-17p range we should be nearer 20p?.

I just don't understand this logic at all. II's buy as per various good posts today, yet price drops 12% in the last week / days , that makes sense...not.

And yes, i still hold a fair few in my SIPP, was perhaps overweight in JLP, hence top sliced.

Have a good Easter folks.

[gsg] 01/4/2021 17:09

My original target was 16p, however still fully loaded. In all seriousness when you look at the list of funds in the links that robers posted from the FT and Moringstar, there are some real heavyweights there, who would not only be looking for capital appreciation but also dividends. As long as these big funds keep showing up, I'll keep riding it until the full story unfolds. 30p, 40p or 50p.

[frogkid] 01/4/2021 17:01

Probably right Bull, might just keep adding !

[the bull] 01/4/2021 16:45

you sure froggy, could be some new juicy deals and then when we get near 30p, can you do it

[frogkid] 01/4/2021 16:34

30p and I'm out !

[highly geared] 01/4/2021 16:18

Presumably Q3 results out in c 3 weeks , which should “ blow the doors” off the Q2H1 results and essentially confirm 2020-21 FY numbers.

This, all without any meaningful copper earnings contribution which will ramp up and add significantly to 2021-22 numbers.

Yes, 21p is fair value now ( well below that) and once the copper ramp up is well established, 30p + should be fair value this time next year..