Jubilee Metals Share Discussion Threads

[frogkid] 06/6/2023 16:52

Yes, most pleasing ade. Drink some malt whisky to sort yourself out.

[freedom97] 06/6/2023 16:21

Just for Peter:

“We aim to expand our South African operational footprint by 65% over the next 24 months to reach nearly two-million tonnes of chrome concentrate annually,”

petersinthemarket - 03 Jun 2023 - 13:57:00 - 53532 of 53594

Thanks for responses - a few raw nerves here I think. Peter is very interested in Zambia, very interested indeed, and as this is plainly the new target for JLP it seems that they are also disllusioned with South Africa and are looking to engineer a way out of there. Same as me. Have a good weekend.

[sev22] 06/6/2023 15:51

Jubilee Metals signs partnership agreement to expand its chrome footprint.

[adejuk] 06/6/2023 15:50

15p by eow? :-)

[adejuk] 06/6/2023 15:47

well well ! + £12.5k and all i'm doing is lying down.

[frogkid] 06/6/2023 15:44

A few days like this would do wonders for the sentiment

[frogkid] 06/6/2023 15:23

Bullster, do you think the board are idiots? Poor communicators yes, but not idiots.

[5teadyeddie] 06/6/2023 14:29

Does anyone know the capacity of Inyoni? I thought it was already chocka...

Good deal, payback less than a year even with no additional PGM profits, and I'm sure LC must have a plan to process the extra oz.

[lights out] 06/6/2023 14:26

As a South African owner of SA shares of Jubilee its very frustrating indeed!!

[freedom97] 06/6/2023 14:08

This is what I mean about SETS at 14:40 on JBL share price was up 0.58% then someone tries to manipulate the price down by selling just 8 and 72 shares, the share price is now down 1.69%!! if someone now buys at 178 the share price will be up again.

06/06 14:44 AT 174 72
06/06 14:43 AT 175 8
06/06 14:40 AT 178 1,947

[lights out] 06/6/2023 13:30

Today's news is a huge turning point in my eyes. Large corporations are now fully aware of Jubilee. South Africa is the biggest chrome producer and looks like Leon is in Deal mode.

[timhigginson12] 06/6/2023 13:24

For me this is the perfect type of expansion we need at present; low cost high return. Next up we can afford the eastern expansion project for another 25k oz PGMs and then the leeching process for maybe another 10k tons of copper. By that time we will be making so much money we will be able to afford the cost of an extra 35k tons copper. If a rights issue were to take place shortly it would not get away at much more than 5p ( and then the warrants)I cannot see how that would be beneficial to shareholders. The longer it takes to assess the copper tailings the better.
I have omitted reference to the lead, zinc and cobalt all of which could also be developed.

[freedom97] 06/6/2023 13:19

I'm not surprised by todays news as Leon said over a year ago in a webcast he wants to double the production every year and is always actively looking for new deals.

LO, JBL uses SETS so it only takes one small trade to move the share price up or down. That's why when someone posted a few times on here that he wants JLP to use SETS, I said I would probably sell my shares if that happens.

[adejuk] 06/6/2023 13:11

i still have all my holding. nde notwithstanding.
i have shared my disappointment and remain bullish

[lights out] 06/6/2023 12:51

Odd that the shares in SA are down.

[frogkid] 06/6/2023 12:47

Hi freedom, no they are not. I started to reduce last week but in smaller amounts. I'm pondering this RNS, quite pleased with the surprise but still unsettled about Zambia upgrade. frog

[freedom97] 06/6/2023 12:30

Frog, are those 4x 250k sells yours? As you said last week you are starting to sell, and I note you have deleted 7 of your posts.

Are you selling in the rise?

No problem if you are as many pi's I would have thought would be happy to buy your shares.

[bullster] 06/6/2023 12:20

New chrome contractor gains minority share of pgm's produced in exchange for a 4% yeild on chrome earnings.

[sb] 06/6/2023 12:00

WHI View:

The Jubilee investment case remains in place in our opinion. Jubilee
is part of the green transition in that it is recovering all of the possible metals from material previously categorized as waste and thus has outstanding green
credentials. Of course, the underlying story is multi-commodity production from
two mining jurisdictions using good technical control of processing technology to
process waste materials (and Run Of Mine ore); low-cost production into a high
price environment promises strong revenues and profits and high returns to
shareholders, once the plan is firmly in place. Today’s news will make Jubilee a global significant producer of chrome into a high-price environment for chrome,
with bigger margins than before – therefore taking advantage of this natural
hedge whilst PGM prices are slightly depressed. Today’s news shows us that
there are still deals to be done in South Africa to enhance profitability, although,in our view, finalising the copper strategy in Zambia will be the game changer; the Central African Copperbelt has many resources which could eventually be processed in the manner proposed by Jubilee and generate significant profits for
shareholders.

(No price target is given)

[bullster] 06/6/2023 11:45

.
.

Jubilee headline a 5 fold chrome earnings, compared to existing contracts.

Existing contracts : 0.8% chrome earnings.
NEW CONTRACT : 4% chrome earnings.


BUT here's the rub, later in the RNS:-

Under the new Agreement Jubilee will process the ROM ore and produce chrome concentrate and a PGM rich tailings. The earnings derived from the sale of the chrome concentrate and PGMs produced from the PGM rich tailings, will be allocated based on the majority of the PGM earnings retained by Jubilee while participating in the chrome earnings at a significant level (equivalent of five times current levels).

.
.

[frogkid] 06/6/2023 11:33

Is it possible that TBTT is that nasty little chap known as Bush Baby on the other channel ?

[line and length] 06/6/2023 11:09

A clear deramp from a known deramper with an agenda. The RNS is good news.

[pshevlin] 06/6/2023 11:07

Anyone think Leon will be doing interviews? Someone should!

[tigerbythetail] 06/6/2023 10:53

No, Kenny, I get it.
Have you even bothered to calculate the implied PGM grade of the "valuable" source feed?!? Do some math for once. Also, we are not talking small amounts in trucking costs.
I find it hard to take this deal as a serious business proposition. Which I why I think this may be the prelude to an equity raise.