Jubilee Metals Share Discussion Threads

[deme1] 10/1/2020 11:13

Big volumes

[gsg] 10/1/2020 08:46

As usual we rely on picking the bones out of other companies guidance for a clue as to whats going on in the industry. Tharisa's Q1 update helps a bit.



Market update

Our co-product business model has benefited from record PGM prices, with the average PGM contained metal basket price for the quarter at US$1 406/oz (ZAR20 745/oz), with palladium and rhodium continuing to be the main driver of the increased basket price.

The average chrome price received for the quarter was US$145/t with current spot trading at US$133/t, levels the Company believes are unsustainable in the long-term, but expectations are for chrome concentrate prices to remain at these levels during the current quarter, with some potential for improvement into the third quarter.

[robers98] 10/1/2020 08:22

If only the chart looked like ITM over the last 6months!!!

[nelson01] 10/1/2020 08:19

But when will the update be....it is quite annoying that Leon said in the last crux interview their would be an update next week, that was a month ago.

[mutley walters] 10/1/2020 08:17

Plat Strange that you seldom hear "We are being fleeced by a criminal gang" which is the case with many aim companies

[plat hunter] 10/1/2020 08:17

I'm happy for the share price to double every 12 months

[lostabillion] 10/1/2020 08:16

Sit tight frog.

[deme1] 10/1/2020 08:13

Frog

You say that like Colin or Leon really care how long you have been here for!
They dont care, your shares will just get churned onto the next punter.

2020 should be the year though, surely.

[plat hunter] 10/1/2020 08:02

Friday morning frivolities.Everytime you see one these phrases today you have to take a drink. We'll be hammered by lunch time."Seller gone""Picked up a few on the bell""Bought on the dip""Wouldn't want to be out of this over the weekend""This will fly on news""MMs are hungry""This is only going one way""Boom!!" "The train is leaving the station""Tree shake""This will be a multi-bagger""I can see multiples from here""MMs playing games""They want your shares""Golden tickets""Follow the money""Buy showing as sell""The chart says buy

[deme1] 10/1/2020 06:58

the 1 mil looked like a sell?

[boris cobaka] 10/1/2020 06:23

Morning
Someone had a 1mil nibble of jlp for breakfast yesterday which gave it the early boost. Will the next set of figures see a possible rerate or are we destined for the slow upward grind at least until Plat breaks 1000$/oz.

Looks like the latter at the mo. Has the money been well spent?

[bullster] 09/1/2020 23:11

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Daz,

i will stick to my method as it allways matches up with the companies figures in the financial reports.

Try working out the price for one ounce.

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[robers98] 09/1/2020 22:36

Someone point them in the direction of JLP. We need to make more of green credentials.

BlackRock joins pressure group taking on biggest polluters
World’s largest investor signs up to Climate Action 100+ after criticism from activists

[daz] 09/1/2020 21:43

Thanks for the reply Bullster. Another question if I may

If I multiply the proportion of each metal in 2,500 oz by the current price, I get a figure of around $5,000, as below
Metal Ratio Price per oz Revenue
Platinum 49% 965 1.18
Palladium 40% 2097 2.10
Rhodium 9% 7300 1.64
Gold 2% 1552 0.08
Total 5.00

You must be doing something different in your calculation, as your final figure is only 40%. Are you assigning a proportion of the revenue to JLP or something like that?

[goingforarun] 09/1/2020 20:57

Would just like the share price to start reflecting the story!

[sharenotes] 09/1/2020 17:54

Bullster’s figures are based on data in the public domain, combined with educated insight, and I am very thankful for his contribution. Certitude is something else. It has been said that I lack certitude, but I highly doubt that! Steve Jobs once said that his company was ‘phoney’ – some took it the wrong way and missed an investment opportunity. JLP is now a growth play – best not miss this one?

[gsg] 09/1/2020 17:39

Ordinary Resolution 5

That the Directors be generally and unconditionally authorised, pursuant to and in accordance with section 551 of the Companies Act 2006 of the United Kingdom (‘the Act’), in substitution for all previous powers granted to them there under,(but without prejudice to the continuing power of the Directors):

(i) to allot shares in the Company or grant rights, warrants or options to subscribe for, or convert any relevant security into shares in the Company (together “Relevant Securities”) up to an aggregate nominal amount of £ 18 553 007 pursuant
to an offer or agreement made by the Company before the date that this Resolution is passed; and


(ii) to exercise all the powers of the Company to allot and make offers to allot Relevant Securities up to an aggregate nominal amount £ 18 553 007 (representing approximately 100% of the total issued share capital of the Company, as at
the last practicable date prior to the publication of the Notice of Annual General Meeting); such authority shall, unless previously renewed, extended, revoked or varied by the Company in general meeting, expire on the conclusion of the next Annual General Meeting of the Company or 31 December 2020 (whichever is earlier) provided that
the Company may, at any time before such expiry, make an offer or enter into an agreement which would or might require Relevant Securities to be allotted after such expiry and the directors may allot Relevant Securities pursuant to any such offer
or agreement; as if the authority conferred hereby had not expired.

[bullster] 09/1/2020 16:37

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Daz,

For a start, prill splits are not fixed, they alter dependant on the various seams/reefs the material is extracted.
The true prill split will only be known after the refining stage, when platinum ,palladium and rhodium etc. are separated.

There are specific tables published defining prill splits dependent on region and seam, i devised my prill split from the tables.

Hope that answers your question.

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[adejuk] 09/1/2020 16:25

i hope that, at his age, colin can't get his canon to rise enough to fire straight ahead. with a bit of luck it fires backwards

[daz] 09/1/2020 16:22

Bullster,

With regards to post 17761, how did you arrive at the split of the basket PGM's at Inyoni of
Platinum 49%
Palladium 40%
Rhodium 9%
Gold 2%

out of interest?

[bullster] 09/1/2020 15:36

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homeytheclown,

We only have earnings figures for INYONI, of which my examples are.

Windsor pgms are an unknown value, as yet.

"GBP 3.38 million operational earnings in Q3-2019", equates to all operations, surely.

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