Jubilee Metals Share Discussion Threads

[robers98] 26/2/2019 13:10

Nornickel expects bigger palladium supply deficit in 2019

Norilsk Nickel, the world's largest palladium producer, said on Tuesday tighter emissions regulations in all major markets and flattish primary supply would widen a palladium deficit in 2019.

Prices for palladium, chiefly used in emission-curbing auto catalysts, hit a record high in London on Tuesday as a threatened strike by South African mineworkers added to supply concerns in an already tight market.

Nornickel produces 40% of the world's palladium from its Russian assets. The company estimated that gross palladium demand reached a record high of 10.7-million troy ounces in 2018, mostly driven by consumption in the automotive industry amid flat gross supply.

"(The) spot palladium market practically dried out" in 2018, Nornickel said. The company said the supply tightness was partly eased by the release of stocks from palladium ETFs (exchange-traded funds), which fell below one-million ounces for the first time since 2009, and from Nornickel's Global Palladium Fund.

This fund buys the metal from existing stockpiles of other holders and then sells it to industrial consumers.

Nornickel said in 2019 the global palladium market deficit is forecast at 800 000 oz, compared with 600 000 oz in 2018, with consumption up by 500 000 oz to 11.2-million ounces due to strong demand from autocatalyst producers.

Nornickel, which competes with Brazil's Vale SA to be the world's biggest nickel producer, said the battery industry would increase consumption of this metal by 20 percent in 2019. Nickel is now mainly used as an ingredient to produce stainless steel.

"We believe that EV (electric vehicle) penetration growth will remain the key driver for high-grade nickel demand in the next 5-7 years," the company said.

[choppernoel] 26/2/2019 12:59

I wonder if Colin and Leon have finally worked out the cause for the shareholder destruction? You are both a disgrace. You have no idea of how to create wealth. You are both masters of running companies and investments into the ground.

[plat hunter] 26/2/2019 12:39

Colin "Robinson's Barley Water" Bird

[adejuk] 26/2/2019 12:14

i think leon has spent too much time with colin the diluter

[goldibucks] 26/2/2019 11:55

If we didn’t hear anything for another 3 months, it wouldn’t bother me. I trust they are doing their best to make it happen but it’s not part of my investment case. I’m counting on Q1, Q2, and Q3 production data to show improvement quarter-on-quarter. That will drive the share price, not Kabwe. The market isn’t giving JLP any credit for unbanked profit and if they announced a Kabwe deal tomorrow, I doubt the share price would go up by much due to the execution risk, additional interest payment risk, and the time it will take to get it operational and ramped up. Kabwe isn’t the quick fix and loss recovery RNS that some investors on this board would like it to be. Best to focus on the current projects.

[deme1] 26/2/2019 11:22

standard JLP

[deme1] 26/2/2019 11:21

I bet if someone had said straight after the December webcast

"we will not hear anything about kabwe for at least 3 months"

the ramp brigade would have laughed their asses off.

well a few more days and it will be 3 months.

I would like to take this time to point out to LEON AND COLIN that this is the reason the share price never moves up. Shareholders have no trust in the company or the captains

[choppernoel] 26/2/2019 11:08

"Losing you money" Goldibucks yous must be afrikaans. Verstaan jy?

[toobs1] 26/2/2019 11:07

Well if that's the case it makes sens why Northam removed Jubilee from their webcast presentation,any association with rotten apples is bad for corporate image. Does Anglo,Vendata and Erg know with who they dealing? Leon, Collin any comment???

[goldibucks] 26/2/2019 11:03

“I wouldn't be surprised if certain parties from jubilee are being investigated.” Investigated for what? Losing you money and not having a Kabwe deal to announce aren’t crimes.

[goldibucks] 26/2/2019 10:56

The delay on Kabwe in my view is being caused by JLP wanting to buy Sable from Glencore and Glencore wanting to resolve it’s tax dispute with the Zambian government as part of any deal. The Blue Square payments by BMR are a source of annoyance for BMR shareholders. Alex Borelli has confirmed on Twitter that he has no economic interest in Blue Square. BMR shareholders have had plenty of time to sue him if they dispute that. JLP didn’t make any payments to Blue Square so not sure how this could delay Kabwe. Far more likely JLP are holding out for Sable and waiting for cash flow to ramp up on the new projects to get the best financing deal possible on the fit out.

[choppernoel] 26/2/2019 10:50

I wouldn't be surprised if certain parties from jubilee are being investigated. it just makes the case better against those involved in the destruction of the shareholder value. no person's are above the law

[toobs1] 26/2/2019 10:15

Why the delay on Kabwe,is there an investigation of possible fraud between Alex Borelli and Blue Square,Leon,Colin any comment??

[deme1] 26/2/2019 10:14

"Something very fishy is going on"
yup since 2014

[toobs1] 26/2/2019 09:33

Something very fishy is going on at Eland. On Friday(Live webcast),Northams CEO Paul Dunne,talks about Jubilee metals when discussing Eland operations,now the slides have been edited and not a word about Jubilee. On top of that pgms will start in April and not May.

[alwaysevolving] 26/2/2019 08:59

1MadMarky,

Re Twitter, you are right, Leon should certainly not be hands on managing social media accounts himself however JLP as Nash rightly points out really should have a Twitter presence. The power (and importance to business) of social media in getting the word out and getting known for what you do and how you are doing it can’t be understated in this day and age.

JLP ‘should’ be fully aware of this and outsourcing the management of social media accounts thus using this leverage while not distracting the BOD from what they should be doing. ie, moving the company forward, getting out updates in a timely manner in order to take full advantage of rising metals prices and ultimately trying to get the share price up to where the BOD themselves have said many times previously it should be (#Midcap)

[choppernoel] 26/2/2019 08:52

I'm as positive as the share price is. I don't dream of jam tomorrow. Tomorrow never comes with jubilee. if tomorrow was coming wouldn't Leon have bought any shares. he also believes tomorrow isn't coming.

[goingforarun] 26/2/2019 08:45

Nice and positive, as always!

[choppernoel] 26/2/2019 08:33

knowing this bunch, something with the fine chrome has gone wrong as well.

[choppernoel] 26/2/2019 08:09

palladium at record highs and jubilee metals share price still falls. great work Leon and co

[gsg] 26/2/2019 07:36

Financial Times - Palladium rises to record high of more than $1,550 per ounce

[choppernoel] 26/2/2019 07:14

Wake up Leon FFS.

[1madmarky] 26/2/2019 06:10

Nash- unless someone runs the account for him, I would be against that purely on the grounds that Leon has better things to do. It would be useful as a means to get clarity post RNS for instance, but still I'd much rather he get on with the day job.