Jubilee Metals Share Discussion Threads

[plat hunter] 06/6/2019 13:39

GFA, you won'the be the only person not content with the share price reflection and that will contribute to the constant drip of stale longs getting snapped up on the cheap by the insti's who have longer to wait.

You can always go stick your money on the Hare but we all know our little shelled friend will win the race in the end.

[sharenotes] 06/6/2019 13:38

Far from useless info, Mike. Simply another signpost. I think most know what is coming down the pike; the tricky bit is to predict when.

[mikebolle1] 06/6/2019 13:15

Talking about the gold/silver ratio, but what about the gold/oil ratio: Oil has fallen more than 8.7% as gold has soared more than 5.2%, in same week (last week). Now, according to analysts, this only happened in 3 previous instances and all 3 were during heavy bear markets and recessions; with the 2 most famous events were the 2000-2001 tech crash and 2008 financial crisis. And this sharp divergence is seen as "a Warning Signal for a Bull Trap (S&P 500)". In a worst-case scenario, analysts thinks the S&P 500 could drop by as much as 40%. Lets hope that will never happens... Just some useless info...

[mikebolle1] 06/6/2019 12:57

14.89 ZAR to the USD, not too bad for JLP

[goingforarun] 06/6/2019 12:24

PH, considering Kabwe should start producing in Q4, I think it would be very disappointing if the share price is not higher this time next year? All that effort and no reward!

[bullster] 06/6/2019 11:51

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Thanks sharenotes, a glimmer of intellectual content is welcome amongst the abundant pile of worthless posts.

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[sharenotes] 06/6/2019 10:40

Bullster, one for you:

hxxps://www.sfa-oxford.com/media/1530/sfa-oxford-edition-8-the-platinum-standard-may-2019.pdf

[plat hunter] 06/6/2019 10:29

Circa 120 million shares transacted off book throughout May. Managed and off book transactions are double recorded as the seller sells to a broker and the broker sells to their buyer sometimes days in arrears in aggregated blocks. For me it all ties in with the platcro placing of 54 million changing hands and the RNS yesterday was for the benefit of the recipient. No real news, change or surprises for any existing holders who know what the crack is but atleast RNS updates like that, do catch the eye of other market participants.Not at all bothered if we have to bob around 3p until this time next year.

[choppernoel] 06/6/2019 10:24

And down she comes. GIVE THE ACTAUL DAY, MONTH, YEAR AND HOUR WHEN PLATCRO PGM WILL COMMENCE YOU IDIOT.

[the bull] 06/6/2019 09:57

Boris, with the current gold to silver ratio a tad under 90, wise move to be accumulating silver. When JPM let it go, much money to be made

[sharenotes] 06/6/2019 09:50

Back on numbers. Boris, I like your silver bullion play – the gold/silver ratio has to 'correct' at some time; probably sooner rather than later.

[boris cobaka] 06/6/2019 09:33

Not sure we're seeing the 'seller' reappear just yet, unless they're using a new cunning disguise. Volume quite low and although they've dropped the mid price it's roughly still the same offer price to buy. Different to last few weeks.

[scrappycat] 06/6/2019 09:30

Ta both


Frog,


As far as PIs are concerned, I agree, but in dealing with the IIs, I think different rules apply. When dealing with a multi million share trade, at an agreed price, they will try to control the market so that they end up on the right side of the deal from their point of view. Wouldn't you, if you were in their shoes?

[sharenotes] 06/6/2019 09:27

The world would be a much simpler and predictable place if the ‘workings̵7; were solely based on numbers. Don’t get me wrong, I really enjoy using numbers, but I am not naive enough to believe that they are the be all and end all of the matter. Some in the past were banging on about the lack of both ii’s involvement and PR. Well, we now have the former and yesterday’s RNS was partly about the latter. I agree, that if a forensic analysis is done on the PR component, JLP still has some way to go, but I give Leon 10 out of 10 for having a crack at it. I liked the RNS and I also like what’s happening in the precious metals market. But take the latter, for example. If the gold price was solely based on the supply and demand ‘numbers,̵7; gold would be very much higher. It’s not – go figure.

As an aside, I don’t think the Plunge Protection Team has JLP on its radar; so expect the usual ups and downs. Notwithstanding, I am expecting more ups from here on. Good luck, all.

[sleveen] 06/6/2019 08:58

boris

thanks for the update.

[scrappycat] 06/6/2019 08:58

A strange trade, 250k @ 2.95p. Makes me wonder if the 'Back Hole Brigade' are still nibbling. If so, I guess the MMs will try to keep the price in control until the IIs have finished feeding.

[deme1] 06/6/2019 08:57

those trades were from yesterday.

[1madmarky] 06/6/2019 08:56

Still have our big fat seller sitting on us :-(

[scrappycat] 06/6/2019 08:41

When Leon and Colin can find the time to sort out a Financial Director, this perceived problem will no doubt be resolved. Currently, my guess is that they are trying to sort out multi $million deals. The demand for their services seems likely to be high, with the known problems mining companies are having with regard to their tailings dams.

[1madmarky] 06/6/2019 08:39

Freedom... you are missing the point.

Yes I'm glad to hear that the fine chrome is going well. That is absolutely massive going forwards.

The point is the share price will lag the progress of the company, by a greater amount of time than would otherwise have been the case.

[boris cobaka] 06/6/2019 08:33

Mornin'

nice update yesterday confirming things on track and potentially targets being beaten.
A perfect storm for jlp?

Revenue on the up and metal prices now finally breaking out...
It's actually the latter that will very likely be the driver for jlp in the short term. Many still don't seem to understand the significance of the metal prices to the whole of jlp's ops.

Anyway as mentioned recently gold looks to have bottomed and broke above $1335 yesterday - this is a real problem now for at least one bank and possibly a hedgie or two. They attempted to break that $1267 area but for a third time they failed and since then in the last few sessions it does begin to look as if a short squeeze is underway. There was an attempt yesterday to curtail gold's rise with a 15k contract dump at 3.00pm. That had some impact but so far it appears that it's been rather limited and gold is looking perky once again this a.m.
After such a powerful rally you'd expect to have a breather for a few days but there are signs this still has further to go.

Apart from buying jnug the other day I also acquired some silver bullion.

Gl.

[freedom97] 06/6/2019 08:20

The most important thing about yesterdays RNS is letting the market (new investors) know JLP exists and that the company is making fantastic progress, so great company to invest in. That is precisely what the RNS did, hence the 14.5% rise yesterday.

You will always get some who only see the RNS after markets close moan, hoping some will sell so they can buy in or add more.