Jubilee Metals Share Discussion Threads

[1madmarky] 20/10/2019 17:00

That would be VERY nice indeed

[plat hunter] 20/10/2019 15:58

"This year’s annual LBMA/LPPM meeting was held in Shenzhen, China and ended on October 13th and the unofficial average price predictions for the four major precious metals for a year ahead were as follows:

Gold $1,658
Silver $23
Platinum $1,182
Palladium $1,924.

So although delegates were decidedly bullish on gold they were even more so on silver and platinum, both forecast to rise over 30%, with palladium and gold up around 10% and 11% respectively."

[gsg] 20/10/2019 09:40

More evidence suggesting that the SA PGM industry is awash with cash.





The fortune of SA’s PGM sector

"Cash generation is so strong at Impala Platinum (Implats) that the company may not need bridging finance in order to complete the $758m purchase of Toronto’s North American Palladium (NAP) it first announced – to much surprise – on 7 October."

"finweek has already expounded this year on the health of South Africa’s PGM sector. According to a report by Citi’s Johann Steyn, there are now no companies in the sector in SA producing negative cash flow. Compare this to the 60% of the sector that was loss-making in 2017.

A report by RBC Capital Markets at the beginning of October observed that the improvement in the fortunes of Anglo American Platinum (Amplats) as well as Kumba Iron Ore had also completely rubbed out the need for Anglo American to tackle ‘the SA discount’."

[plat hunter] 19/10/2019 12:44

LSE is not the sharpest and still living in the past.Market hasn't yet woken up to the Earnings here I doubt they're having kittens over a pump and dump licence that everyone in SA has owned at some point.I could be wrong though and welcome any rise of course.

[deme1] 19/10/2019 12:15

Post from over on LSE




Tjate Rise?Today 05:10
Morning all! Have mentioned before but is anyone here subscribed to this site?
hxxps://www.l2b.co.za/Project/Tjate-Platinum-Limpopo/1462
i note last updated 17 October - Thursday
Could just be coincidence? but thats when we hit around 4.10..... could this weeks rise be to do with Tjate?

[plat hunter] 19/10/2019 07:59

It certainly suggests that news is travelling

[gsg] 19/10/2019 05:57

Thanks PH.

Flattering for JLP that unrelated investors can see Jubilee's near term income stream and are hoping it can bail them out.

[plat hunter] 19/10/2019 00:05

Sidanye have a holding in Ironveld, pursuant to the sale of the smelter.JLP however sold the smelter to sidanye in the first instance but thats where any association ends, to my knowledge.I think someone might be trying to ramp their stock by claiming that ironveld will some how benefit from JLP's operational projects and earnings.Who knows though... Conroast could be back in play and we might be after a smelter and power station again lol..No I'm not sure what they're trying to say tbh.

[gsg] 18/10/2019 21:13

Comment relating to Jubilee on the LSE Ironveld bb. Not sure if there is something in it, or whether its rubbish. Can anyone clarify? Siyanda Smelting? I thought JLP had sold the smelter to them in 2015?


where will this go.....Wed 16:24
Interesting statement from Accounts of Jubilee Metals Group - parent company of Siyanda Smelting who we have our smelter deposit with

"Project Pipeline
Jubilee is well positioned to secure a significant position in the global metals recovery market as it continues to refine its project execution schedule for various targeted pipeline surface processing projects. These pipe- line projects offer significant growth potential in the short term and we are actively in discussions to secure further such surface projects."

[kryptonsnake] 18/10/2019 18:49

kryptonsnake16 Oct '19 - 17:09 - 15225 of 15299 Edit
0 2 0

How much higher until you break even nelson? I want to come and watch as your break even point slips further away. Don't say I didn't warn you

Colin is ready with his cannon


LOLsss


----------------------------------------------------------------------------------------

I did say Colin was dusting off his cannon. I bet Plat polished it for him

Jubilees turn soon. Another placing for another project that won't pay off for years

What's your answer nelson? I'll just take a guess at your average and say 10p?


LOLsss

[goingforarun] 18/10/2019 17:40

Will only happen with an RNS?

[plat hunter] 18/10/2019 16:56

April pattern was a pull back to 2.75 following a breakout from 2.70 before re-rating on a second leg up to 3.45. Leading us to the current pull back to 3.70 from a breakout above 3.60

Set up here suggests a second leg up is still on the cards. I would have liked it today but fingers crossed for Monday. I would go as far to say that the pattern breaks down if we don't get the second leg on Monday.

[sleveen] 18/10/2019 14:33

Unlikely to be a JLP placing in my view.

On the bright side I bought back the GLR shares I sold a few weeks ago ;-)

[bookwormrobert] 18/10/2019 14:06

I'd say the Galileo placing today was painful but necessary.
It removes almost all uncertainty from the financing of the project, leaving the share price free to move back up.
As a Galileo shareholder, I was hoping for less dilution. But the placing today (and all the 0.6p warrants still to be exercised) mean that the company has enough money to get Star Zinc into production.
Now it's just a question of getting the small scale mining licence and concluding the offtake with Jubilee. It's a pretty good picture overall.
I'm a buyer of Galileo shares at the current share price.

[aceshi] 18/10/2019 13:56

And the authorities back to controlling the energy supply. SAs languishing economy receives another self inflicted hit.

[adejuk] 18/10/2019 12:31

i don't think there is anything going on behind the scenes. it's all there to see in the vids and rns. this will multi-bag. the only question is whether i will have to wait another 15 years - it's so long ago i can't count:-)

[fozdad] 18/10/2019 11:41

Why would you wonder that?

[bspgamer] 18/10/2019 11:27

I wonder if this is going to get the same treatment as GLR?

[4sta] 18/10/2019 11:05

Think everybody is sitting on their hands today, market seems really slow, possibly waiting on the outcome of the Brexit shenanigans over the weekend?

[deme1] 18/10/2019 10:08

The Bull

i think GLR will go the same route as BMR, with regards to it being swallowed by JLP at some point. Although i believe you will get a better deal than BMR did.

[dafrog] 18/10/2019 10:08

GLR is to progress Star Zinc. That is a positive.

[the bull] 18/10/2019 10:05

Yes Colin has screwed existing investors once again

[deme1] 18/10/2019 09:55

GLR getting smashed at the moe.

Good old Confetti Colin