Jubilee Metals Share Discussion Threads

[deme1] 23/8/2021 11:47

Already overloaded on JLP
My £17k will go into SLP when I feel it has bottomed and started to climb back

[freedom97] 23/8/2021 11:45

Look at all those 500k buys today, certainly looks like an II is snapping up all the shares being sold. Bodes well for a more stable rise in future.

[lostabillion] 23/8/2021 11:41

Why don’t you take advantage of it then Deme1 if you’ve got £17k kicking around?

Or have you just sold to get back in at 10p?

Genuine question.

[deme1] 23/8/2021 11:29

Good Luck Frog

we will be cursing in a few months as to why we did not take advantage of this price lol

[frogkid] 23/8/2021 11:28

I'd be very surprised to see 10p. Unless something is very wrong . The problem is people have no patience and very short term views. I blame the youth. Keep safe, see you when I get back. Frog

[frogkid] 23/8/2021 11:20

Hi deme, no i am going to switch off for a bit. It is uncomfortable though. Almost like it is being played. T/O maybe ?

[sb] 23/8/2021 11:16

Different times different tactics...

[sb] 23/8/2021 11:16

Different times different tactics...

[bullster] 23/8/2021 11:10

.
.

Ginko3,

Ginko3 23 Aug '21 - 10:42 - 42495 of 42496

because its commercially sensitive an may adversely affect other ongoing negotiations if he spills the beans about how much he agreed to pay last time.

Oh look........

Jubilee Platinum PLC (LON:JLP) has acquired another sizeable mound of platinum-bearing tailings in South Africa.

Just days after agreeing deals for copper tailings in Australia and a chromite ore supply deal at Dilokong, its other operation in South Africa, Jubilee has bought 1.25mln tonnes of tailings close to its Hernic mine operation.

Leon Coetzer, chief executive, said: "I am particularly pleased with this acquisition.

“At stable operations the combined projected output from our projects is now targeting 50,000 oz PGMs per year from tailings resources, which do not attract the burden and risk of hard rock mining.”

The new surface material is graded of 2.7 g/t 4E PGMs (platinum, palladium, rhodium and gold) and will 14 000 oz PGMs annually to Jubilee's existing PGM production from tailings and third party processing.

Coetzer added these grades were exceptional compared with other similar material while the location was within trucking distance of its Hernic project's PGM processing plant. Even so Jubilee is mulling building a dedicated PGM plant at the new dump.

The acquisition cost is £3.13 (R50) per tonne for the platinum remaining an initial removal of chromite.

Approximately 79% of the surface material is estimated to remain following chromite removal, which equates to a 4E PGM acquisition value of £3mln (R49.4 mln).

The agreement allows for a two-stage payment to vendor PlatCro over three months once the agreement is signed off.

Financing for the acquisition is through a placing at 5p to raise £3.3mln.

.
.

[sb] 23/8/2021 11:09

Sorry! Meant to be nm..a duplicate post.. Nothing to do with MMs!

[sb] 23/8/2021 11:06

mm... dodgy connection..

[sb] 23/8/2021 11:06

Bullster... You are calling into question Leon's business acumen? If you believe he is a fool then why continue to hold?

[deme1] 23/8/2021 10:47

Bullster

Maybe most would not want to know, with the deal being negotiated with Rhodium above $20k and pal and plat doing well.

Fast forward to now and some experts (remains to be seen) are predicting a rhodium price of $5k!.


FROG
are you selling any of yours yet?

[ginko3] 23/8/2021 10:42

because its commercially sensitive an may adversely affect other ongoing negotiations if he spills the beans about how much he agreed to pay last time.

[bullster] 23/8/2021 10:20

.
.

Leon buys 255,000 tonne tailings dump outright on the Western limb.

Fails to tell shareholders how much was paid.

.
.

[alpal2] 23/8/2021 10:05

See my post 41689; am I smiling or crying?

[deme1] 23/8/2021 09:57

this could quite possibly hit 10p with the sentiment at the moe.

Look at SLP! they have millions in their bank and they are plummeting.

I have around £17k cash sitting yet I think this has further to fall and I would rather buy on a rising channel than catch a knife. The rest of my JLP investment is sitting in the bottom draw for now

[adejuk] 23/8/2021 09:50

juju
no. it's already happened

[adejuk] 23/8/2021 09:48

bullster
what is the current basket price?

[the bull] 23/8/2021 09:47

Just glad we have copper coming on stream

[juju44] 23/8/2021 09:46

Is this heading for a major breakdown again

[1madmarky] 23/8/2021 09:44

We make a small amount of money on the chrome, a shed load on the PGMs. I don't have an issue with that. Guaranteed PGM supply from multiple mine sources. Can't get better than that for a long term business.

[gsg] 23/8/2021 09:41

Bullster, as I'm not part of the Jubilee management team, I have no idea on how they micro manage chrome production, nor do I have any interest. I would just be guessing and so I leave that to the experts in their field.

I don't care if they mix their chrome concentrate in a bath tub and siphon it off into jerry cans.

My aim here is to make money, rather than prove my self right in any particular field.