Jubilee Metals Share Discussion Threads

[shotbybothsides] 09/7/2019 17:08

If you listen to their webcast ( about 56 mins in ) , the hydro mining started and they put the tailings through the chrome spirals to produce chromite conc, the secondry PGM circuit is "nearly there " ( couple of weeks ) - not sure when the webcast took place but that was posted on 26th June - so can't have processed much of any tailings through the PGM circuit

BTW that's how to do a webcast, ( very interesting to watch the whole thing ) i know they're a huge company but could we not do something like that instead of Leon sitting in his office and Colin sitting in a beach hut with the sound and picture breaking up every 10 minutes ?

[goldibucks] 09/7/2019 16:49

“It looks like they wanted to trial their own tailings first”. Yes, makes sense. I assume JLP will update when they have their first month of production and earnings data through from Northam.

[bullster] 09/7/2019 15:48

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Don't forget, the Platcro tailings come from a chrome mine, chrome is removed so the tailings are rich in pgm's.
On the other hand Eland tailings come from a pgm mine, where pgm's are extracted so the tailings are chrome rich.

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[plat hunter] 09/7/2019 15:38

"It looks like they wanted to trial their own tailings first to gauge the amount of pgm's in their material so that when they mixed in jlp material they could see any variation."

Makes sense.. "Don't record it, can't measure it"

[bullster] 09/7/2019 15:23

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Goldibucks, thanks for the link.

In The History & Way Forward Chart:

It shows that Northam began hydro mining their tailings storage facility in February and was producing pgm's by July.

In July they began on the 3rd party (jlp) tailings.

The tailings showing in red and run of mine ore in green.

edit.
It looks like they wanted to trial their own tailings first to gauge the amount of pgm's in their material so that when they mixed in jlp material they could see any variation.

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[goldibucks] 09/7/2019 14:35

Third party processing at Eland has started according to the time line for Eland in this investor day report.

hxxp://www.northam.co.za/investors-and-media/publications/presentations/2019/send/102-2019/1181-eland-platinum-mine-investor-day

[plat hunter] 09/7/2019 14:07

SP actions is the same as when it was down 2.16 before the news and jump, even down to the volume being managed trades and equally pending news of deals.

Just a matter of time until Aces goes on his coincidentally timed holiday and we don't here from him for 3 weeks.

[plat hunter] 09/7/2019 14:02

You're such a clueless fantasist Aces.

[frogkid] 09/7/2019 14:02

one day, in th future, the 3s will be long gone, when that will be ? fuk knows!

[goldibucks] 09/7/2019 13:52

“The coffers must be running a touch dry”. PlatCro Chrome will have generated about £2m of cash since January and they were generating cash from operations with just Hernic before that. They will soon be generating cash from PlatCro PGMs and cash outlays on Kabwe and debt drawdown will have been delayed by the Zambian government not having approved it yet. The previous drains on cash of repaying Hernic debt and funding the working capital to ramp up Hernic won’t be hurting them now. Any placings in future will be to buy earnings, not to manage cash burn.

[aceshi] 09/7/2019 12:18

About time for another placing....... The coffers must be running a touch dry

[aceshi] 09/7/2019 12:13

No worries, always new buying opportunities with JLP

[choppernoel] 09/7/2019 11:22

I wonder why Leon isn't taking advantage of buying shares in Jubilee. OH YES, he can't buy any jubilee shares because the period is CLOSED.Its been CLOSED FOR YEARS. Leon doesn't buy because a CON ROAST doesn't CON ROAST another CON ROAST

[danieldanrichardson] 09/7/2019 11:00

I've no credit cards left to max out...

[bullster] 09/7/2019 10:43

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Buy'em before they're gone !

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[frogkid] 09/7/2019 10:16

Bought a few at 3.07.

[bullster] 09/7/2019 09:51

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YES..... The deal depends on finance.

Wait for the announcement.
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[plat hunter] 08/7/2019 21:35

You said something similar about BMR though.

[choppernoel] 08/7/2019 19:28

Remember this Leon. If u continue to destroy the share price other major shareholders will replace you. I hope they even take action against you. You have for far too long added nothing to the share price.

[the bull] 08/7/2019 17:11

After our deal with JLP is announced (speaking as a GLR holder), the share price should rise substantially, allowing then for a fund raiser maybe soon after. I am ok with that as long as my assumptions are correct

[goingforarun] 08/7/2019 15:19

Yep, it’s a CB company!