Jubilee Metals Share Discussion Threads

[plat hunter] 15/1/2020 12:18

Gross earnings at approx 1400 an ounce x 70,000 That's ebitda of approx 100 million just in pgms

[bullster] 15/1/2020 11:08

.
.

PRILL SPLIT

PLATINUM 49% : $996 : $488.04
PALLADIUM 40% : $2164 : $866.6
RHODIUM 9% : $7350 : $661.5
GOLD 2% : $1551 : $31.02


BBI = $2,047 pgm ounce

.
.

[scrappycat] 15/1/2020 11:01

Good info Bull.. Thanks for that.

Slow, but consistent buying this am, but the MMs appear reluctant to increase the price. Interesting.

[bullster] 15/1/2020 10:55

.
.

When considering power cuts, South Africa is the first concern rather than Zambia, as it will be our biggest money earner for over 12 months to come.

I believe the acid plant at Sable Zambia has power generating capacity built in as it converts the heat generated from the process into electricity.

.
.

[scrappycat] 15/1/2020 10:40

JLP can surely not be considered as strapped for cash, so it seems reasonable to assume that, given the instability of the Zambian power supply, they will surely have their own standby generators to cover that eventuality. Basic belt and braces, and given the certainty that outages will occur, just common sense IMO.

[bullster] 15/1/2020 10:32

.
.

Read the protocol below to see how industry power shedding offsets domestic power shedding.

We are currently NOT LOAD SHEDDING (DOMESTIC CUSTOMERS)

Search your schedule by putting your location in the search box.




Eskom’s Load Shedding Protocols

Keeping the power system balanced at 50Hz, as per international standards, is critical to prevent a nation-wide blackout and when the national electricity grid is under pressure with normal measures implemented, Eskom must reduce demand, as agreed with the National Energy Regulator (NERSA), and implements a process of Load Reduction which has two components:

1. Load Curtailment. Our agreement with some of our large industrial customers means we can instruct them to reduce electricity consumption when it is urgent to balance the system. They are able to reduce their load by up to 20%, significantly easing capacity on the grid; but it takes a minimum of 2 hours to implement.

2. Load Shedding. If, after Load Curtailment, the demand on the system is still greater than available supply, we have to implement a process of load shedding to prevent an imbalance and subsequent blackout. Load shedding will also be implemented if there is insufficient time to request load curtailment; and in winter load shedding can be implemented before curtailment due to the peaky nature of the problem.

.
.

[mikebolle1] 15/1/2020 10:23

Borris you are correct, a schedule gets published. Th issue is for Eskom to stick to that schedule. You find, for example, that power will be turned off between 12:00 and 13:30 in your area. In reality it is turned off 14:00 to 15:30. It is quite annoying because in effect you are unproductive from 12:00 to 15:30. Lets hope the issues are sorted now and that loadshedding was only a big nightmare...fingers crossed

[boris cobaka] 15/1/2020 09:51

Mike I understand that the load shedding just doesn't occur out of the blue and that there are timetables available to alert businesses etc when and how long the cut will last.
That being the case JLP would have advance notice of disruption and can possibly take remedial action but they'd perhaps more importantly know the likely impact on ops and therefore should be able to allay investor fears.
Correct me if I'm wrong.
I 'm sure you can look online at the Eskom website to drill down to affected areas?

[niloc4] 15/1/2020 09:46

Basket price: $2048.60

[1madmarky] 15/1/2020 07:49

Cheers Mike - much appreciated

[nelson01] 15/1/2020 07:33

GSG.....indeed if pgm production Is anything like September we should be making around
$5 million per month profit.

[mikebolle1] 15/1/2020 07:31

Over the weekend we had loadshedding but since Monday, this week, nothing.

[1madmarky] 15/1/2020 07:16

GSG - a quick Google suggests that load shedding not currently an issue

[goingforarun] 15/1/2020 07:11

Looks like Platinum is making a push to break $1.000!

[gsg] 14/1/2020 22:03

Rhodium up $350 to $7350 and Palladium just touched $2194.

Eskom permitting, JLP must be raking it in.

[plat hunter] 14/1/2020 18:42

LAIor the Losta Adjusted Index

[the bull] 14/1/2020 17:52

Lostas adjusted December 2020 target (based on December 2019 performance) remember is 17p less 45% = 9.35p

Not sure how to calculate his 2022 figure but if it were 50% less at 21p, everyone would still be very happy

[gsg] 14/1/2020 17:11

Palladium going vertical at the mo, on the 1 minute chart.

[deme1] 14/1/2020 16:47

someone put losta back in his box.

we did not get 10p by xmas and i am pretty sure we will not get 40p by 2022

[scrappycat] 14/1/2020 16:40

Losta,

IMO, there are probably several opportunities for pleasing updates in the pipeline, but when any one of them will come to fruition is anybody's guess. I imagine Leon is a pretty busy man.

[lostabillion] 14/1/2020 16:27

Rescuer, sit tight here for the next couple of years.

We’re in the very early stages of a very substantial rerate here.

I see absolutely no reason why JLP won’t be trading at a tenfold multiple of today’s share price within 24 months.

The share price will be north of 16p come year end possibly much further north (40p plus) within 2 years imo.

The potential is phenomenal.

[lostabillion] 14/1/2020 16:27

I wonder if a pleasing update is soon to be RNS’d!

[rescuer] 14/1/2020 16:21

Losta - Fevertree - ha ha - one of my besties tipped Fevertree to me on the IPO - his brother in law is one of the directors - I decided not to buy any as i couldn't see the upside - doh !!!