Jubilee Metals Share Discussion Threads

[robers98] 13/4/2021 16:13

adejuk, you think JLP will issue a quarterly? It is not usually the case, as we've seen THS had weather issues. If we've had anything similar then I can't see anything but the copper news arriving if Roan is finally delivering.
Also if we now have a background seller JLP don't tend to give them an RNS to sell into.

[freedom97] 13/4/2021 16:03

SLP & AAL both UP today.

[sb] 13/4/2021 15:58

That'll help then Frog... 😂

[adejuk] 13/4/2021 15:58

frog
understand, but keep your finger over the buy button

[adejuk] 13/4/2021 15:57

the next rns - which is due within 2 weeks - will break this trend

[frogkid] 13/4/2021 15:54

I've taken a few of the table, this weakness could persist for a while.

[geo84] 13/4/2021 15:51

If we hold this price could it be a reverse H&S forming on the chart?

[deme1] 13/4/2021 15:50

SLP on the up.

[frogkid] 13/4/2021 15:31

One must always observe the bigger picture IMO

[adejuk] 13/4/2021 15:26

one finger can't change the metal shortage except in the very short term.
bend. don't break

[frogkid] 13/4/2021 15:20

Could be the situation in the Far East causing the jitters. Just takes one itchy trigger finger...

[adejuk] 13/4/2021 14:41

losta
no worries
we are being played between ii and have no control
targets still assured.

[lostabillion] 13/4/2021 14:40

Bloody hell, I take my eye off Jubes for a few days and the share price heads south!

What’s causing this then, more insti’s offloading?!?

[adejuk] 13/4/2021 14:21

they are obviously working a big order - but, sell or buy?

[adejuk] 13/4/2021 14:20

showing as a sell.
this is weird

[adejuk] 13/4/2021 14:19

i just bought 100k at slightly over 16
summat's going on but if it stays here or lower i will buy more

[adejuk] 13/4/2021 13:32

spot on shev.

[pshevlin] 13/4/2021 13:18

Then we should bend and not break.

[adejuk] 13/4/2021 12:40

stormy weather
we're just reeds in the wind.

[pshevlin] 13/4/2021 09:44

more than compensated....not forgetting Copper of course!

[alpal2] 13/4/2021 09:34

Can't understand why MM quotes now have such a large spread. 16.2 / 17.0

[bullster] 13/4/2021 09:04

.
.

Jubilees chrome strategy will complete its evolution by mid 2021.
Earnings from chrome have become second fiddle to the need to boost earnings from the pgm circuit.
Unlike Tharisa, who mine their own ore from their own pit, Jubilee is seeking more and more 3rd party processing deals on fixed price contracts.
In my estimation, Jubilee are earning well below 10% of the $155 per tonne that Tharisa earned in Q1-21.
The model has changed from supplementing our own dump tailings with 3rd party ore tailings, to go vice-versa.
Although the earnings from chrome falls, by using this model, it is more than compensated for at the pgm circuit which benefits from a higher grade feedstock 3rd party ore tailings provide.

.
.

[gsg] 13/4/2021 07:48

From Tharisa's latest quarterlies.



Metal Pricing

-- Average PGM basket price for the quarter increased by 37.1% to US$3 290/oz (ZAR49 273/oz) in Q2 FY2021 vs Q1 FY2021 and up 80.5% vs Q2 FY2020

-- Following continued strength in PGM prices post-quarter end, current spot basket price for Tharisa's prill split is US$4 011/oz with spot prices for the major PGMs as follows:

o Platinum US$1 239
o Palladium US$2 630
o Rhodium US$27 823

-- The PGM markets remains tightly balanced, with a bias towards supply deficits, particularly given production constraints at some of the larger producers. Demand for all PGMs remains globally robust

-- Average metallurgical grade chrome price for Q2 FY2021 up 14% to US$155/t (ZAR2 304/t), vs Q1 FY2021 of US$136/t (ZAR2 114/t) and up 20.1% vs. Q2 FY2020 of US$129/t (ZAR1 965/t). The current market price for metallurgical grade chrome is US$155/t to US$160/t

-- Demand for chrome ore remains healthy and Tharisa, despite the logistical bottlenecks experienced in South Africa, has been able to deliver its products. Prices are expected to remain elevated, in part to compensate for the increase in freight costs

[davr0s] 12/4/2021 19:54

I don't need a reason - just a slow day where spreads tend to widen a bit in any stocks. The only thing that pays is price and if you stand back you can't see this wide spread on any meaningful timeframe. I'd go crazy trying to micro analyse all my positions and for little or no benefit. If it goes up I hold and if it goes too far south I'll exit. That's all I really need to do