Jubilee Metals Share Discussion Threads

[goingforarun] 10/8/2021 08:52

Just feels like total manipulation! It’s currently pricing under 7x current annualised earnings. Completely ignores Copper, East Limb and Cyprus? It seems to be assuming that PGM prices are going to drop by 30% from where we are!

[frogkid] 10/8/2021 08:47

Juju, could be right. I don't mind dilution if value enhancing within a reasonable time frame, 6-9 ,months.

[kennyp52] 10/8/2021 08:42

Don’t forget .. we are moving into huge copper recovery .. take a look at that price . Too much happening here to go unnoticed . The buys will be getting lined up .

[juju44] 10/8/2021 08:40

Another deluge of paper seems the most likely reason . Insiders dumpiong to bhuy cheaper - dirty game as always

[gsg] 10/8/2021 08:33

Well the share price performance isn't PGM related today, as PGM's are on the up.

Maybe Colin's confetti cannon is being prepared to be rolled out.

[frogkid] 10/8/2021 07:57

Interesting MT, I checked a couple of others and showed nothing. That explains some of the drop. That is instis for you.

[mount teide] 10/8/2021 07:49

According to Euroclear's latest Stock on loan Report the short position is 0.09%

[freedom97] 10/8/2021 07:40

kennyp52, we should see strong buying today then as Platinum is UP $14 at mo $989.

What many pi's forget is that the price of pgms go up & down all the time. So just because they might drop a lot within a few days, is no reason to panic and sell, as a few days later could well be back up again.

Pi's should look at the average pgm price over the year not the short term price movements. I would have thought Leon would have already agreed on prices he sells the processed pgms with clients for a set period of time, before renegotiating the price again. He is no fool. Maybe a question for him to confirm this in next webcast.

[gsg] 09/8/2021 22:06

kenny..Well said. That's exactly the state of play. I agree, it's a temporary sector thing.

[kennyp52] 09/8/2021 20:14

Simple imho .. Platinum went sub 980p and then there is enough doubt to question if the basket price will mean finances are tightened up . Get a few sells and momentum and we end where we are . With the industrial use of PGM’s hopefully the commodity prices will hold or even recover higher . Good to see Plat has already gone blue on the day .

[frogkid] 09/8/2021 19:27

had a lot of this prior to the continued rise before, just have to be patient

[tonyevo256] 09/8/2021 17:53

Can't believe this it defies logic..results were excellent, plans for further growth being executed nicely, money in the bank...

[adejuk] 09/8/2021 16:47

i still expect a large delayed sell.

[sb] 09/8/2021 16:16

You can hardly compare Anglo to JLP...

[davr0s] 09/8/2021 15:19

Crikey there are some weak and nervous hands here. Market was always likely to try and shake off the hot money pulled in by Thompson and co. Unless there is specific verifiable news there is a problem I'll take the view it is just that. We only had a pretty wide ranging RNS one trading day ago with very little to worry about so unless something happened in the last day there is no issue - pretty low risk of this in my book. So to me it's just normal price action atm

[adejuk] 09/8/2021 15:17

i would like to buy more but i want a confirmed turn first.

[adejuk] 09/8/2021 15:15

we have had a large seller for a couple of months
seems not finished yet
no panic.
form is temporary
class is...

[juju44] 09/8/2021 14:59

Well oversold and if no underlying problem then its a good buying time

[freedom97] 09/8/2021 14:54

MM's must be very happy that many pi's had stop losses set. Don't think those pi's who got hit will be happy though. Hopefully they will learn the dangers of setting SL's. I got hit 20 yrs ago with Spirent shares I had. Never again have I set stop losses.

About 10 yrs ago someone who used to post on another share, was a retired MM. He said MM's can see the data of what stop losses are set.

Sadly he died a week or so later, so couldn't ask more questions.

[juju44] 09/8/2021 14:47

Took a few with spare cash

[gsg] 09/8/2021 14:32

L2 looks primed to bounce 2 v 1

[freedom97] 09/8/2021 14:22

Plat UP $4, Pal UP $1 Rhodium UP $50, Copper now going back UP!

[21ant] 09/8/2021 14:21

Any bets on a blue finish here :-)