Jubilee Metals Share Discussion Threads

[the bull] 29/3/2019 12:16

I think I want more jubilee, going to see i I can get some before liftoff

[kryptonsnake] 29/3/2019 12:14

Jubilee now a £43 million market cap company. Seems over valued to me

Miton were just averaging down after they got mugged buying at 3.6

[the skipper] 29/3/2019 12:13

Good to see that Mitton have added to their position. I wasn't made aware of that during the briefing for the placing, but I was informed about two significant family trusts participating,at least one based in the USA. I have the names, but let's see if they have enough to warrant a TR1.

Am surprised there isn't more buying pressure on the back of the Miton declaration as Gervais Williams has a very impressive track record with small caps.I think he got into VRS at sub 20p initially and started taking profits in the 180's.

[plat hunter] 29/3/2019 12:11

The future and outcome of Tjate is more depending on the capex activity of the larger mining sector than it is on PGM prices, or short or long views imo.

PGM capex has almost evaporated in SA over the last 6 years, hence why Palladium is where it is with crazy metal ratio's

no platinum capex = no palladium

i see Palladium at 2000 and rhodium at 7000 before SA starts to fire up capex again.

[sleveen] 29/3/2019 12:02

frog fair point, let's hope it happens soon.

[cptborelli] 29/3/2019 11:52

Nice job Bull. If it was me, I'd realise the original capital outlay and then trade the profit.

Can never lose on that basis.

[bullster] 29/3/2019 11:50

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AcesHi,

I have one eye on quarterly project profits and one eye on expenditure.

If i see the two getting too far apart.....i'm out like a shot.

At present, i look at it like this, you can't just buy 50 shops in one go.

NO, you start with 2
when they are doing well you can get 2 more
when you have 4 you can get 4 more
when you have 8 you can get 8 more
and so on.

This is how Leon will build expansion, and he has to expand for the fact that early projects will die because of tailings depletion.



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[frogkid] 29/3/2019 11:48

@sleveen, i believe that a larger miner would be more likely to take the long view, i.e. snap up an asset while it is cheap because of the low Pt sp

Regards

[the bull] 29/3/2019 11:47

As mentioned, I bought a gamble stake in DEB 100K at 1.2p and it got to 4p and then crashed down, now 44% up as we speak, pure luck. Not a bad return for a couple of days unless I hold and it all goes pear shaped. But It just reminded me of those heady days of dot com watching the share price spike up by big percentages each day. I am looking forward to the days when we can watch jubilee spike up by these sorts of percentages and days of proper work go by the board and the excitement of making real money is back again. Miton must be pretty confident. My stress levels will plummet when we are north of 4p which cannot be far away

[sleveen] 29/3/2019 11:38

AG

As you well know, when Tjate was the main project PGMs were circa $2000/oz currently circa $1250/oz. THAT WAS 8 YEARS AGO.

Price of PGMs not in JLP's control.

As I have said a few times Tjate will only be a goer once PGMs reach at least $2000/oz, when hopefully a large miner will get interested.

[sleveen] 29/3/2019 11:34

Bullster

Agreed re AG.

[billthebank] 29/3/2019 11:32

Just £200k then!!!!!!

[plat hunter] 29/3/2019 11:27

Sorry Bullster.. I had incorrectly calculated on the original number of issued shares and not the enlarged total.. However, of the total placing of nigh on 500 million shares that were submitted yesterday. Miton had only actually taken circa 80 million of them.

[bullster] 29/3/2019 11:22

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NO, PH.

6.01% of the larger 1,855,300,673 is 111,514,015

that's it.


34,040,000 + 77,474,015 = 111,514,015

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[plat hunter] 29/3/2019 11:12

Nice Bullster..

I make that as Miton taking only around 17% of the latest issue then.

Still some big news to come in that case

[bullster] 29/3/2019 11:10

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Miton Asset Management Ltd.
AS OF 30 NOV 2018
34.04m shares 2.50% of around 1,311,000,000

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[plat hunter] 29/3/2019 11:05

Tjate's mining licence conditions are being fulfilled. There's more to it than just rocking up at your local farmers market with some organic broken biscuits you moron.

[plat hunter] 29/3/2019 11:03

11 million lol now it would cost minimum 43 million with a zero open market premium applied.

Must be all that shareholder
destruction people have been talking about.. fools lol

[plat hunter] 29/3/2019 11:03

11 million lol now it would cost minimum 43 million with a zero open market premium applied.

Must be all that shareholder
destruction people have been talking about.. fools lol

[plat hunter] 29/3/2019 11:01

Don't forget Ashworth and Quantock too.. We have minimum 3 insti's now as it stands at the moment, with possibly more to be announced over the next few days