Jubilee Metals Share Discussion Threads

[gsg] 09/9/2020 08:29

Glencore partner Merafe in R1.34bn write-down as JV partners cut 1,000 chrome jobs

[plat hunter] 09/9/2020 08:25

That's weird....i have a contract note for 166828 but the monitor shows the trade as 166233....Where's the 600 shares gone?

[plat hunter] 09/9/2020 08:17

Ahh that works....166,828 is mine... if you ever get the same issue with quotes, use the limit function at full ask

[plat hunter] 09/9/2020 08:14

Still can't buy, had to put a limit in at current full ask, see if that works

[plat hunter] 09/9/2020 08:04

See if i can actually buy today

[lostabillion] 09/9/2020 07:52

5.60-5.80 close today imo and hopefully 6p Friday.

[robers98] 08/9/2020 21:52

millwallfan, jlp won't ever develop Tjate, Leon has stated many times we won't go mining.
We've previously had a portion of the farms in a deal to Anglo. Anglo now have Twickenham on c&m with a for sale sign. If the previous ceo comments are still the position.
Join the dots would make sense for any far east interest to look to do a deal that involves securing long term prospect of the mine. Imo
TW in his recent interview asked about special divi if Tjate was sold and the answer back was this year the money would be better used on securing future assets. But if 2021 then by then jlp will have completed its current planned expenses.
Previously might have involved macula,but the recent update over there looks like the mix of pgms is keeping that in play for implats.
Just a matter of keeping looking out for the clues.

[deme1] 08/9/2020 21:00

nice late buy of £97k.
was wondering why this was not falling with all the sells today.

RNS tomorrow?

[plat hunter] 08/9/2020 17:40

So my naught is a touched block of platinum then, waiting to be untouched?

[millwallfan] 08/9/2020 17:34

Bullster. Yes I wasn’t thinking or suggesting jlp would go it alone but assume either an outright sale or JV as minority partner to a major. I think given the success of the current business plan it is unlikely jlp would contemplate what I understand would have to be deep shaft ore mining on virgin land ?? In some ways perhaps an outright sale and large capital receipt would be most beneficial to both the company for further tailings expansion and shareholders for growth and a special dividend !!

[gsg] 08/9/2020 17:23

WATCH THIS SPACE. Its the biggest clue we have, as to the outcome at Tjate.

"Griffith said there were no plans to develop the firm’s Twickenham deposit on its own as it had better growth options. Twickenham also needed a new concentrator which was capital the firm was not interested in spending. For now, Amplats would develop the property’s mine plan and then hoped to progress its sale in the second half of the 2020 financial year."

[bullster] 08/9/2020 17:15

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millwallfan,

I think if demand stays level at current prices, there is already a window of opportunity for Tjate to be in play, right now.

In one of the latest communications from Jubilee, they did hint that Tjate could well be a more suitable acquisition for one of our neighbours.

Is it any coincidence that one of our neighbours at Twickenham is gearing up to restart production up after being on care and maintenance for a number of years, evidence that confidence is returning.

Traction is always slow, it seems, but i bet there are more than one party running the figures on Tjate. Once that one takes interest in Tjate it will probably spur others to come off the side lines.

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[niloc4] 08/9/2020 16:14

Unlike Plat Hunters naught at the caravan park, Tjate is an untouched block of platinum waiting to be touched.

[millwallfan] 08/9/2020 16:10

Bullster/robbers. I guess the WPIC have some vested interest in painting a rosy picture but assuming it does have a genuine basis for medium and long term growth in demand for platinum then surely Tjate must start coming into the equation as the worlds largest known untouched deposit ?? Thoughts please

[niloc4] 08/9/2020 15:57

Plat Hunter is a cheapie trader. 26p is to high for him

[plat hunter] 08/9/2020 15:40

Maybe one day deme with the magic of rule 72... I too will have a 20k trading pot.Until then, i'm grateful for being nose bleed free and happy moving my 26p around, so that tomorrow it might be 27p

[deme1] 08/9/2020 15:22

^^^^^^^^^

I'm sure they won't put a 26p trade through ;)

[plat hunter] 08/9/2020 15:11

Still can't buy, trying to shift my slp profits over.Anyone else get a quote or is it just ajbell again?

[robers98] 08/9/2020 14:32

Platinum has good lockdown with supply deficit set to widen in 2020, says WPIC

PLATINUM has had a good lockdown, according to the World Platinum Investment Council (WPIC) which said on Tuesday demand for the metal outstripped supply in the second quarter.

As a result, a supply deficit for 2020 previously forecast by the council is expected to widen to some 336,000 ounces from 247,000 oz.

The WPIC also said that the Covid-19 pandemic had accelerated the adoption of the hydrogen economy in which platinum is positioned to play a prominent role.

[robers98] 08/9/2020 14:31

JOHANNESBURG (miningweekly.com) – The hydrogen economy is elevating platinum as a precious metal with long-term store of value, the World Platinum Investment Council (WPIC) said today.

The latest edition of WPIC’s Platinum Quarterly states that an evolving global sea-change in the environment debate may also be at play in changing investor sentiment towards platinum, significantly bolstering platinum’s green and precious metal credentials.

Platinum’s role in unlocking the hydrogen economy heralds for it a robust basis as a long-term store of value. With the economic impact of the Covid-19 pandemic depleting climate change funding, there has been growing impetus from China, Japan, South Korea, the EU and the US to prioritise the ‘hydrogen economy’ in cost-effectively driving forward the green agenda.

On July 8, the EU implemented its hydrogen strategy, highlighting the crucial role hydrogen will play in decarbonising industry, transport, power generation and buildings across Europe. As increasing numbers of national governments recognise that the use of hydrogen as a fuel for primary power and transportation is one of the most cost-effective and sustainable routes to a better climate future, platinum’s key catalytic role to help facilitate the hydrogen economy is becoming known. Not only is platinum key to the generation of green hydrogen, but it is also used in fuel cells for fuel cell electric vehicles (FCEVs). As the hydrogen economy and the FCEV market grow, it will create significant demand for platinum.

[plat hunter] 08/9/2020 14:17

Can't get an online buy quote

[goingforarun] 08/9/2020 13:39

Would that put GLR in play?

[bullster] 08/9/2020 12:45

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MOVE OVER COPPER, HERE COMES ZINC !

Copper concentrate from Roan and Elephant will incur Jubilee about a 50% cost to purchase penalty plus a further transport penalty. Having said that, W.H.Ireland do pencil in a very respectable "start up" earnings figure of $1/lb to $3/lb total costs figure, which will improve.

Zinc on the other hand, can't be produced in isolation, lead and vanadium have to come along also. To what level the lead and vanadium come along at depends on the flowsheet, but make no mistake, a tri-metal operation gives good economies.
A lesser payment to our royaltee, coupled with tailings on the doorstep, and tri-metal economies, give the zinc side of the business some glaring advantages.

Won't be long now.

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[sharenotes] 08/9/2020 11:54

Bullster,

Been looking at the underlying chemistry – wow, those pesky electrons surely do make the subject matter intriguing. I bet Leon and his team are kept bemused!