Jubilee Metals Share Discussion Threads

[gsg] 09/7/2021 15:56

Industrial metals on the move as China cuts bank reserve requirement

Jul. 09, 2021 8:58 AM

Nickel prices jump to their highest in four months, while copper, aluminum and other industrial metals also are rising after China said it will cut the amount of cash that banks must hold as reserves in an effort to boost its economy.

Benchmark LME nickel +2.1% to $18,720/ton, its highest since March 3, copper +2.3% to $9,535/ton and aluminum +2% to $2,490.50/ton.

[deme1] 09/7/2021 12:23

I have a few £k to invest which I may add in here. Going to wait until just before end of play to see where we are, as I can see the ftse and all around it being dragged down this afternoon.

GLA

AVCT going great guns:)

[gsg] 09/7/2021 12:17

SIBANYE-Stillwater said an 800,000 ounce deficit in the palladium market could disappear by about 2024, bringing prices down, according to a report by BusinessLive.

“We are quite bullish on platinum. The opposite is true for palladium,” the publication quoted Charl Keyter, Sibanye-Stillwater CFO, of having said. Keyter said substitution and an increase in production by Russia’s Norilsk Nickel would hit demand and supply.

Keyter was speaking at an S&P Global Ratings SA in Focus virtual conference on Wednesday. Sibanye-Stillwater is bullish on rhodium and platinum, said BusinessLive.

Due to the persistent deficit of palladium for use in petrol-engine autocatalysts, compounded by flooding of mines owned by Norilsk Nickel, and platinum group metal (PGM) processing difficulties at Anglo American Platinum in 2020, there is a growing trend to partially substitute the metal with platinum, said BusinessLive.

This substitution would lead to demand for platinum in petrol autocatalysts growing to 200,000oz this year and to between 1.5 million and 1.7 million ounces by 2025, said Keyter. The use of platinum in hydrogen fuel cells, one of the green-energy solutions, will add demand of a further 400,000 oz by 2025, Keyter said.

The rhodium market, which has a deficit of about 10,000 oz a year, could balloon to a shortfall of 180,000 oz by 2025.

Speaking at an online conference hosted by South African asset management firm Ninety-One in May, Sibanye-Stillwater CEO, Neal Froneman, said the current market bull run in metals could eclipse the so-called supercycle of 2002 to 2008.

“We think fundamentals are better than previous cycles,” said Froneman. “There is more discipline shown by producers not to willy-nilly increase supply and upset the market.

“What happens in markets like this is companies lose control of their costs,” Froneman warned. “I believe that I have a good operational management team … [that] will ensure that doesn’t happen. There will be inflationary pressure, but we will do our best to maintain operational excellence.”

[frogkid] 09/7/2021 11:33

All seems like normal market activity to me.

[freedom97] 09/7/2021 11:26

More like the MM's are in control of the share price adejuk for the buyer, so they have kept the share price from going up until order filled. Hopefully, this will change soon.

[frogkid] 09/7/2021 11:14

Another 10k for me

[davr0s] 09/7/2021 09:48

There is always a seller and a buyer. Always. It what makes a market and price

[frogkid] 09/7/2021 09:47

Not sure there is a big seller

[pshevlin] 09/7/2021 09:41

Maybe Ade but at least they don't seem to be forcing it down at the moment. They will be gone at some point. Amazed we haven't been notified yet unless there are several sellers.

[frogkid] 09/7/2021 09:36

My 10k buy at 18.675

[adejuk] 09/7/2021 09:36

true shev but the seller is in control of the sp

[dcarn] 09/7/2021 09:12

Appears to be mostly buys today, two small top-ups with dividends received at 18.55 & 18.54.

[jackthecat1] 09/7/2021 09:10

with that in mind pshevlin, surely a potential TR1 to come if they are being soaked up and i agree, they are... The buyer has a hell of a big spongue to soak these up.

Real question.. when will this have a positive effect on the share price. THS great numbers today, really good , but share price dead in the water.... WHY?.

Utterly bizzare really

[pshevlin] 09/7/2021 09:06

Somebody is obviously soaking them up Ade/

[adejuk] 09/7/2021 08:45

will this seller ever run out?

[goingforarun] 09/7/2021 08:45

I would agree re SP’s being muted. I think it’s the expansion message which separates JLP from the herd. As you say Copper ramp up bodes well!

[gsg] 09/7/2021 08:36

GFAR. Yes fundamentals looks great to us, and as Mike pointed out the chart also looks great, so very encouraging on both fronts

The only concern I have is the market is not giving the other two companies in the sector credit for their strong cash generation. THS and SLP both producing excellent results and paying dividends to boot yet share price reaction has been muted. Maybe as Tharisa mentioned in their market report, the market is failing to recognise the PGM fundamentals.

With JLP having the additional benefit of copper production, lets hope that sentiment is more enthusiastic towards Jubilee's upcoming report.

[goingforarun] 09/7/2021 08:15

GSG, confirms what we already know..,we’re in the sweet spot! The EBITDA jump will, hopefully, be the real surprise for the market. Onwards and upwards!

[frogkid] 09/7/2021 08:06

Soz for O/T

[gsg] 09/7/2021 07:58

Also interesting market commentary from Tharisa.

Market Update

-- Tharisa's PGM basket price was 15.6% higher quarter on quarter (Q3 2021 vs Q2 2021) and remains above US$3 000/oz at the time of writing, despite the recent decline in the rhodium price, highlighting the unique prill split benefits. The use of PGMs in the hydrogen economy has not been fully recognised as the market is focused on the premature decline of the internal combustion engine. PGMs play a vital role not only in emission control in traditional drive engines but a major role in hydrogen fuel cells, the greening of the economy and PGMs continue to be a critical component of the changing drive train make-up. We remain confident that the unique and flexible PGM metal properties will have a robust outlook, being evident in the demand for the precious metals in a number of growing diversified industries, while PGM production increases across the industry remain limited, therefore supporting stronger long-term prices

-- Higher chrome ore prices were achieved in the quarter despite subdued demand owing to a reduction of ferrochrome production in China, caused by electricity control measures. Stainless steel producers are operating at historic high levels, creating robust demand for ferrochrome, resulting in tightness of supply and consequently increasing the price of ferrochrome at the end of the quarter, which bodes well for the current and future chrome ore price. The Company was successful in meeting its delivery obligations, despite continued inland logistical challenges in South Africa and limited shipping availabilities. Sea borne logistics costs continued to trend upwards

[frogkid] 09/7/2021 07:32

Yes, positive upwards movement in basket etc.

[robers98] 09/7/2021 07:25

THS with a Q update should give a flavour of what we will see shortly.

[mikebolle1] 08/7/2021 16:25

This long-term chart now looks like an African Cobra, ready to strike anytime. And unlike the Common Puffadder, this one strike upwards by a third of its total length. So, that should put as at 35p. And that brings an end to my TA for the day...cheers.