Jubilee Metals Share Discussion Threads

[kennyp52] 21/1/2020 08:50

Think we will see a few more profit taking sales at 4.60 and hopefully a rise to 5p quite quickly after they are out of the way .

[bullster] 21/1/2020 08:14

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A RISING TIDE LIFTS ALL BOATS !


Although the BBI is rising rapidly the market will be focusing on companies with high production volumes of pgm's. The big miners with their billion ounces per year can laugh at JLPs safe haven strategy of being profitable in a low pgm price environment.

Our full year figures published just over 9 weeks ago had yearly pgm production at just under 24k ounces, while our rival Sylvania Platinum was producing 80k ounces.

Dilution, debt and cash spend, on non pgm projects has been untimely, but given time the many millions of doll hairs will bear fruit, cash tied up in non production is never a good thing.

While we waite for the Whoooosh, when our reported volumes increase, expect to be overlooked by the market while there are others out there. Or a Tjate party.

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[niloc4] 21/1/2020 07:20

The increase in the basket price should be reflected in the share price. This company should be investigated. Something smells bad. What is the real CON Roast?

[deme1] 21/1/2020 07:10

Just a point to note. In Jan 2019 our basket price was around $1,172
12 months later we have around $2,235.

Our costs are relatively fixed.

This has to reflect in the share price at some point!

[deme1] 21/1/2020 06:59

The Skipper

Thank you for attending the AGM and trying to hold our BOD to account.

[niloc4] 21/1/2020 06:52

Basket price: $2257.44

[1madmarky] 21/1/2020 05:03

Skipper- we (PI's) certainly did make our feelings known wrt the confetti cannon. Personally I got the impression that they would go ahead regardless. Perhaps a little time to reflect and a significant rise in the bbi have changed things.... time will tell

[nelson01] 20/1/2020 23:55

Kenny....it’s a fact that we were making $314 per ounce profit at a maximum basket
Price of $1,320 something. It’s also a fact that last September we produced over 7,000
Ounces. It’s also known that at Hernic we get all the profit and now that profit is around $900 so it’s not too difficult to see how much profit we should be making. Let’s be conservative and say we are making an average of $700 per ounce profit and producing 7000 ounces per month 7000 x 700= $4.9 million per month profit from pgms.

[kennyp52] 20/1/2020 22:41

Forgive me for not referring to any charts ... my practical view is this business is moving into strong profitability from the reports , information and basket price coming through . On a practical level it would be natural for many short term investors to have set to take profits at the share price prior to dilution ... so I think it will be a case of trying to break through 4.6p for it to maintain a strong continued share price rise . Given the kind of profits that many on here forecast then it has quite a way to go before true realistic value is realised and may even be an attractive purchase for a bigger group . A couple of decent RNS to confirm the company’s accelerating progression should help this on its way IMHO .

[plat hunter] 20/1/2020 22:41

Skipper, I think you're harboring under a false apprehension again, I've been nothing but cordial all day, despite you baiting and now eventually saying that we're there and there abouts.

However apology accepted.. Onwards and upwards old chap

[frogkid] 20/1/2020 20:35

Ee by gum lad, where there's muck there's brass as we say in Cleethorpes

[frogkid] 20/1/2020 19:26

Ambition and confidence, nowt wrong with that as we say in Yorkshire

[plat hunter] 20/1/2020 18:56

Just set my JLP holding to automatically reinvest dividends.

[plat hunter] 20/1/2020 18:47

I literally laughed out loud, cheers Dan you big lurker ;-P

[rescuer] 20/1/2020 18:07

can we hedge any of our products ??

would there be any benefits if we could ??

TIA

r

[mikebolle1] 20/1/2020 18:05

True Skipper. My observation re the RSI is that from Sept 2019 it breached the 70-level on four occasions, each time with a short-term pull back. However, the overall upward trend remained intact. What is different this time is that since 15 Nov 2019 (dilution) Accumulation/Distribution increased its upward momentum and it was converging with the share price until year end. Now, AD is supporting the higher highs and lower lows which, hopefully will propel it to...well to The Bull's 20p+. We are already sitting very close to our 52-day high, so I am hoping for a weekly close on 5.50-ish, in the short term. The fundamentals will most probably change everything in the coming weeks (for the better).

[plat hunter] 20/1/2020 18:00

Oh and lets not forget the MA's kissing too

[goingforarun] 20/1/2020 17:41

Just catching up on PGM prices. Rhodium now seems to be $9400? Makes the basket price issued earlier about $90 higher! Could be another good day tomorrow!

[goingforarun] 20/1/2020 17:30

Skipper, as long as that peak is in double figures I’ll be happy!