Jubilee Metals Share Discussion Threads

[bullster] 07/12/2020 20:38

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Just a reminder of the issuance of todays warrants and where they originate.

694,445 warrants of 62,500,000.
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Jubilee Secures Institutional Financing

Highlights

-- Jubilee secures investment from two eminent financial institutions namely Miton Group Plc and international wealth group arranged through Veddis.

-- The investment has been made in recognition of Jubilee's successful execution and operation of the Hernic and DCM projects.

-- This financing in collaboration with the project financing arrangements with RiverFort Global Capital ("RiverFort") will provide both the key equity and project funding support for the expansion drive of Jubilee's global metals strategy.

-- The funding comprises the raising of GBP 4.5 million at a share issue price of 3.6 pence per share.

The placing includes the issuance of 62 500 000 warrants priced at a premium of 70% of the placing price or 6.12 pence per warrant share valid for a period of 5 years.

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[bullster] 07/12/2020 19:50

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GSG,

LOL, i'm only 2p higher than you.

I wouldn't be disappointed to fall short though.

p.s.

I'm feeling smug now, after changing from being the second biggest knocker of JLP to becoming its biggest ramper, the day Leon ditched ConRoast for tailings.

Pity Augustusgloop didn't have my vision.

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[robers98] 07/12/2020 19:25

Deme depends what these trades today turn out to be. Someone building a stake or a rollover or more warrants?

[deme1] 07/12/2020 19:19

Wall of fear!

Could dip a little but I can see 20p before year end

[adejuk] 07/12/2020 19:12

which is not very commom!

[kennyp52] 07/12/2020 19:12

Retrace ... it’s gone up another 10% . That was pretty bad Losta 😂

[pshevlin] 07/12/2020 18:53

Stop it Ade! It's fear versus common sense.

[adejuk] 07/12/2020 18:14

however we look at it this scary/exciting
fear v greed,
which will we pick?

[adejuk] 07/12/2020 18:09

trinity
we already know
copper

[trinitypete] 07/12/2020 18:03

I also like the fact that the company hasnt issued a "the company knows no reason for the rise" RNS.

[5teadyeddie] 07/12/2020 17:59

Looks like one of the brokers has a mandate to accumulate on behalf of a client.
Even before the two big trades the spread was widened to persuade sellers to part with stock, imo.
The two 50m trades listed as Sells do look like sells. No broker would take those on their books unless they had a matching buy order. It's £11m-worth in a semi-liquid AIM stock!
And the price kept on rising straight after these Sells. The buyer is still buying.

We have three days to wait for the RNS...

[gsg] 07/12/2020 17:56

Bullster. Think I undercooked my estimate at 22p. I'll stick with that, however I think that Losta will win out at 30p. Pity he is no longer a holder to collect the glory!

[frogkid] 07/12/2020 17:43

I agree Meme, I always keep a few quid kicking about. Not sure we will see much retrace yet though.Frog

[memexx] 07/12/2020 17:02

Also worth noting that many other Platinum related equities have been on fire today so a sector related tailwind a possible factor in todays price action.

I intend to add on dips - if there are any. This has a long way to go IMHO.

[spaceparallax] 07/12/2020 16:58

Sadly, the share price of many minnows seems seldom to reflect fundamentals - tending instead to reflect the vagaries of our modern mkts that relate more to punts against price differences rather than investment because a company's performing well.

[robers98] 07/12/2020 16:45

Platinum group metals (PGMs) mining and marketing company Impala Platinum (Implats) announced on Monday that it would be joining a high-flying venture capital fund that supports technologies making use of PGMs, which are helping the world to combat climate change.

Existing investors in the London-headquartered AP Ventures, which this year established a South African presence, include South Africa’s Public Investment Corporation, Anglo American Platinum, the Toyota-linked Mirai Creation Fund, Mitsubishi Corporation, Plastic Omnium and the Sumitomo Corporation.

AP Ventures’ investment strategy is focused on companies developing technologies which are capable of sustainably solving global challenges such as renewable energy integration and resource scarcity. A key area of focus is the decarbonisation of transport, mining and heavy industry, by the only fund of its kind offering investors access to these innovative, fast-growing companies built on the PGM properties.

Commenting on today’s announcement, Implats CE Nico Muller said: “We are pleased to be joining some of our peers as a limited partner in AP Ventures. Our multi-year investment in Fund II increases Implats’ focused market development spend on key evolving end-uses for PGMs including hydrogen, fuel cell mobility and energy storage. AP Ventures’ core linkages and strong developmental commitment to South Africa will help harness the benefits of PGM demand growth for all our stakeholders.”

[marmar80] 07/12/2020 16:39

If we won't get any Holdings in RNS within the next 2 days, I will be very surprised

[sb] 07/12/2020 16:30

Don't get carried away... Bentley, Maserati... Maybe talking like that never seems sensible. Why not just enjoy the rise.. And be grateful..?

[pshevlin] 07/12/2020 16:01

It's built on something more substantial than some of the other stocks we have been in Ade.

[adejuk] 07/12/2020 15:58

point is
don't get carried away
it usually ends in tears
i hope i'm wrong this time
gllth

[adejuk] 07/12/2020 15:56

it's a money machine unless you see a black swan
and have to eat it for chrisie

[daocana] 07/12/2020 15:51

target 400000 tonnes of chrome current financial year..last quarter already produced 130000 tonnes.jlp now recieving $20 per tonne.just one snip bit taken from presentation..also copper alone will surpass pgm earnings in south africa..this dosent include zinc lead vanadium etc...another copper deal before end of dec

[adejuk] 07/12/2020 15:48

choose
bentley, maserati, skoda
i'm for skoda 4x4 hybrid

[marmar80] 07/12/2020 15:44

Jubilee still strong 16.5% up in South Africa

[robers98] 07/12/2020 15:38

GLR also had warrant news today?? Someone in the know.
7 December 2020

Galileo Resources Plc

("Galileo" or "the Company")

Exercise of Warrants

Galileo Resources plc ("Galileo "or the "Company") confirms that it has issued a total of 12,500,000 fully paid ordinary shares in the Company (the "New Ordinary Shares") at a price of 0.6p per share pursuant to the exercise of warrants in terms of the Placing Agreement dated 17 October 2019 (RNS announced 18 October 2019). Application will be made for admission of the New Ordinary Shares to trading on AIM ("Admission"), with Admission expected to occur on around 11 December 2020.