Jubilee Metals Share Discussion Threads

[nelson01] 25/11/2020 15:27

I see he's on the drugs again.

[moneyman50] 25/11/2020 15:16

The Kabwe small scale mining licence was renewed on the 14 September 2020 for 10 years which seems to indicate that the project will go ahead Mr Plathunter.
As for GLR there is no indication JLP will not be involved.We don’t want Plathunter accusing JLP of stealing GLR profits.
Strange fixation on operations based in Watford -guess Plathunter must of had a nasty experience there once.People from anywhere can own anything

[plat hunter] 25/11/2020 15:00

They can deal with a couple of yahoo's from Watford for 300 million tonnes if Copper but not directly with the chairmans other company.That does'nt make any sense. Unless, Kabwe is never going to get processed, as previously predicted here.

[plat hunter] 25/11/2020 14:57

Yes I'd imagine avoiding criticism of nepotisn is the real motive for diltuting shareholders return on capital :-P

[1madmarky] 25/11/2020 14:54

Or not get accused of favours for the "sister " company.

[plat hunter] 25/11/2020 13:27

Just another way to skim off the top

[plat hunter] 25/11/2020 13:27

Robers, zopco will sell the ore the to Sable I'd imagine

[spaceparallax] 25/11/2020 13:08

Good to see very little retracement following the recent strong share price recovery.

[gsg] 25/11/2020 12:58

Wondering if Jubilee would be up for snaffling KCM's Nchanga copper smelter with government support?



Vedanta, ZCCM to proceed to arbitration court.


Zambia’s Court of Appeal has ruled that Vedanta can proceed to arbitration with state mining firm ZCCM, in a dispute over the Indian mining major’s copper assets in the central south African nation.

Vedanta's 79.4% owned Konkola Copper Mines (KCM) in Zambia were seized and ordered to be liquidated in May 2019 over alleged mismanagement.

The assets at the heart of dispute are KCM's Nchanga copper smelter, the largest in Zambia, and the Konkola and Nchanga mines.

The Indian mining giant has invested more than $3 billion in the asset since acquiring it from Anglo American in 2004, according to Vedanta's website. The remaining stake is held by ZCCM.

KCM's provisional liquidator, Zambian lawyer Milingo Lungo, said the latest court ruling, in Ndola on Friday November 20, will let the parties proceed to arbitration to settle the dispute.

During the arbitration process, Lungo will remain in control of KCM operations as mandated by the Zambian High Court in May 2019.

In November 2019, Lungo told Fastmarkets that the best option was to increase the value of the disputed KCM assets and ready them for a new owner.

But the latest ruling comes at a time when Covid-19 uncertainties are making it more difficult for major miners and smelters around the world to attract investors to buy assets or to help with developmental and operational costs.

The Zambian government previously approached different parties, including China Non-Ferrous Metal Mining Group (CNMC) over sale of KCM's operations. However, legal risks, existing debts and operational issues have made KCM sale difficult.

When the Zambian government originally filed the liquidation order in May 2019, it sent shockwaves through the Zambian copper industry.

Liquidator Lungu said Vedanta’s deferral of a service fee payment to contractors and staff had led to output disruptions and that had prompted the government to step in at Nchanga and Konkola.

Since the liquidation order, Vedanta has been actively defending its rights under international law to proceed into arbitration with the Zambian state mining firm.

Zambia is the second-largest copper producing country in Africa and its copper exports are a major source of foreign income. One of its biggest export category is intermediate copper products - blister copper and anodes.

Fastmarkets' spot refining charge (RC) for 98-99% blister copper on a cif China basis stood at $150-160 per tonne at the end of October.

[fozdad] 25/11/2020 12:00

Is that ore that was destined for Sable?

[robers98] 25/11/2020 11:07

GLR news

Star Zinc Marketing Agreement

Galileo Resources plc ("Galileo "or the "Company") is pleased to announce that it has signed a marketing agreement with Zopco S.A. ("ZopCo") in relation to the potential sale of zinc willemite ore from the group's 95% owned Star Zinc project in Zambia

[nelson01] 25/11/2020 10:43

Smelly......do you smoke weed and own a black cab by any chance.

[gsg] 25/11/2020 10:42

He's a BMR bod.

[freedom97] 25/11/2020 10:35

What you're really saying smelly, is that you want to buy Jubilee shares.

[qsmeily456] 25/11/2020 10:32

When its ramped by media its time to sell and short

[plat hunter] 25/11/2020 10:19

Apart from it being a risk on trade, like copper, pgms, oil etc etc

[deme1] 25/11/2020 09:49

Why do we need to know about Lloyds Losta?
This is a JLP board

[plat hunter] 25/11/2020 09:21

You might get burned today Losta.Comex december closes today and wall street is on Holiday week for Thanksgiving.Risk off trade today i reckon... Good luck

[lostabillion] 25/11/2020 09:19

Back in to Lloyds at 38.43 first target for today is 39.75

[freedom97] 25/11/2020 08:11

Platinum up again was $932 yesterday morning now $964!

[marmar80] 25/11/2020 08:10

What not to agree with. Fair share price should be around 15p and in 2022 , 30p+ minimum

[freedom97] 25/11/2020 07:53

For those that haven't yet heard this from yesterday:



13:40 in

Paul Hill of Vox Markets says, he's never came across Jubilee metals before. I think most of the market has yet to discover Jubilee great growth story and when it does BOOM!

Paul says WELL UNDERVALUED @8.5p

[lostabillion] 25/11/2020 07:25

Deme1, I couldn’t be more transparent. I always tell this bb what I’m doing and what I’m thinking and then back it up with trade details.

You on the other hand are a deceitful person that trades the backside out of JLP without telling anyone.
Everyone knows when you’re in or out because you instantly and constantly deramp once you’ve sold and call the company a dog and Leon a lemon.
You are truly pathetic and hypocritical.
Don’t bother responding.

[danieldanrichardson] 25/11/2020 06:00

No-one should be treated like you have been deme. You're as honest as the day is long. National Bullying Hotline: [phone]