Jubilee Metals Share Discussion Threads

[gsg] 12/4/2021 11:59

The strong upward movement in spot markets for chrome materials during early 2021 is now being replicated in the market for contract purchases. South African ferro-chrome smelters achieved a 32% increase in charge chrome contract sales to European buyers for Q2 2021. The increase is the largest quarterly movement in prices since Q3 2017. The previous movement should be considered as instructive, however, given that it was a large pullback after a similarly-sharp increase just six months prior in Q4 2016. Increased availability of chrome materials and increasing inventory levels could see contract prices downward correct later this year despite the short-term outlook for spot prices remaining upbeat.

[alpal2] 12/4/2021 11:56

IG quoting 16.44 / 17.00

[mrsingh1] 12/4/2021 11:52

Quoted 16.515 to sell on HL, not selling a penny though!

[adejuk] 12/4/2021 11:33

just sold 100k at 16.376
quoted trades are useless
they want stock

[sb] 12/4/2021 11:17

So everything at around 16.35 are sells, everything around 16.5 are buys ... quite why the ask is so high compared to reality...no idea ...but the REAL spread is as I have said.

[gsg] 12/4/2021 11:16

Since Cantors left as am mm on JLP, the spread has widened and L2 has become useless most of the time. Current spread of 4.94% with trades well within that spread. All done on purpose to bring the cloak down imo. The only thing that currently creates L2 transparency is volume.

Currently L2 3 v 5, however there is better visibility from dummy trades checking the online limits.

[mount teide] 12/4/2021 11:09

L2: 3 v 5 / 16.2p v 17.0p

[pshevlin] 12/4/2021 11:02

All seems a bit chaotic this a.m. with a 17P UT deal just gone through.What is the state of level 2 anyone please?

[alpal2] 12/4/2021 10:51

Why all these Trade Flag 'P' deals. Any significance?

[frogkid] 11/4/2021 13:06

Me too Nelson, Tjate would be my guess

[nelson01] 11/4/2021 10:05

It's been nearly 3 weeks since results so Roan should be about to start producing. W formation on the chart should take us to 19p in the next couple of weeks or even next week. But I've got a feeling some thing bigger brewing.

[goingforarun] 09/4/2021 20:51

Bullster, maybe we should stick a zero on the 17p!

[frogkid] 09/4/2021 19:31

It is like trying to break 6p previously. Once it goes it goes

[robers98] 09/4/2021 17:07

See doesn't like 17p, hopefully will pass it by very quickly on towards 21p.

[bullster] 09/4/2021 16:37

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Stalemate .

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[bullster] 09/4/2021 16:29

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Rhodium down $1,500 hasn't helped my cause, today.

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[bullster] 09/4/2021 16:26

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Yes, we are haggling +17p or -17p.

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[frogkid] 09/4/2021 16:16

Not much volume showing so clearly some background action ...

[frogkid] 09/4/2021 16:15

I like it when you talk like that Bullster !

[bullster] 09/4/2021 16:08

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Come-on, this is a new tax year and you can't see profit at 17p.

Pay it.

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[robers98] 09/4/2021 15:51

Cash to fund a further copper dump & concentrator/refinery to bring the copper numbers into play even earlier. But TW would no doubt still be wanting a special dividend.

[goingforarun] 09/4/2021 15:34

We should swap it for another massive tailings dump!

[freedom97] 09/4/2021 15:16

I have a feeling the next major news will be on Tjate. Remember the webcast!

[bullster] 09/4/2021 15:13

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Let me just say that if you are hesitating before buying in before 17p:

Tjate deep resource is in play,
850,000 tonnes of fine and ultra fine chrome extracted pgm rich tailings lays as deposit,
DCM chrome mine re-start will clear the court adjudication,
The highway 37 corridor offers opportunity of a Inyoni number 2 hub.
Copper delivers JLP x 2,
Zinc and lead are at hand and the tailings to produce them are around 95% owned.
17p is the bottom not the top.
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