Jubilee Metals Share Discussion Threads

[sb] 19/7/2021 08:24

Hahaha ...

[dafrog] 19/7/2021 08:23

Richgit has been around for many years. A respected poster.

[wet your knot] 19/7/2021 08:18

The git part probably does.

[sb] 19/7/2021 08:17

Those trades are weird... some are from April!

[sb] 19/7/2021 08:16

Quite....take your disinformation somewhere else, richgit, a moniker which I doubt reflects reality.

[pshevlin] 19/7/2021 08:11

Looks like another loony has turned up on here.

[freedom97] 19/7/2021 08:11

What are all these 90 trades before markets opened, some at 20.6p?

[pshevlin] 19/7/2021 07:42

Nothing again today. Thursday is my best bet (hope).

[richgit] 18/7/2021 22:41

Boris will be locking us down again before year end.

The "chosen elite" of our enforcers get a Saline Injection,whilst they now discuss
whether the rest of us should have 1 of their "vaccines" once per month.

They will be telling us soon that 2 Injections do not work,so their Genius is to
say "Take more and more !

For those that want to keep up to date with Real news................

[gsg] 17/7/2021 11:14

Ferrochrome

Market sources told Platts that Glencore's ferrochrome and cobalt deliveries may potentially be impacted as the company transports via road and export's both commodities through Durban and Richards Bay.

South African ferrochrome producer Merafe Resources' CFO Ditabe Chocho told Platts July 15 that the company had been impacted.

"Our business has been impacted particularly by certain supplies to our business (e.g. gas) and some cargo to customer that have been disrupted by the unrest," Chocho said.

The N3 highway -- which connects the provinces of Gauteng and KwaZulu-Natal -- on July 13 was entirely closed until further notice.

"Movement of goods has been an issue. Our teams are monitoring the situation closely and will respond appropriately based on circumstances. Where feasible, contingency plans have been put in place to deal with the difficult situation faced," the CFO said.

Johannesburg-listed Merafe has a 20.5% stake in the Glencore-Merafe Chrome Venture in South Africa -- the world's largest ferrochrome producer -- with the rest held by Glencore.

Platinum metals

MKS PAMP GROUP head of metals strategy, Nicky Shiels, said platinum group metals remained well bid, with the rhodium base price up over $1000 day on day on July 13 as unrest continued and with the military brought in.

South Africa accounts for around 80% of global rhodium mined supply.

"Disruption risk is however small as protests are centered in KwaZulu-Natal (Jacob Zuma's home province) and the cities (not where the mines are located but where refineries are based)," Shiels said.

"Despite that, the N3 -- the main artery/highway linking Johannesburg to Durban/ports is closed and is likely the main priority for the government to reopen. Still, PGMs can act as a proxy for overall ZAR/SA risk, there may be some fear buying, while there's probably less inventory selling around given the tailwinds in rand based PGMs prices," the analyst said.

On July 15, Johnson Matthey -- the largest secondary PGM refiner in the world -- said its London rhodium base price stood at $19,700/oz, up 10% or $1,800/oz from July 12, while refiner Engelhard Materials Services (BASF) of Germany also said its price was at $19,750/oz, also up 10% from July 12.

[gsg] 17/7/2021 10:20

So far, most ferro-chrome and chrome traders say they are not particularly worried because port stocks in Durban are sufficient to keep exports running smoothly for the time being. A chrome producer said their "stocks [are] ok at the moment, [but] for how long, depends on how long this will go on for. Will there be short-term interruptions? Yes but for us, thus far, we have been able to get chrome to ports and I suspect this situation will die down as quickly as it flared up".

On the customer side, a stainless steelmaker said that for now "all our products are on schedule, even if it looks bad".

But not everyone is being left unscathed. A ferro-chrome producer who buys ore from South Africa told Argus there are "big" disruptions coming out of the region. "People can't get their hands on ferro-chrome," he said, adding that chrome ore offers are moving higher on "insane demand" for dry material.

[sb] 16/7/2021 20:19

I am still surprised at the lack of understanding of how MMs operate... You are of course right, Frog.

[frogkid] 16/7/2021 18:50

That's right doron, mms use all their money to buy lots of shares to hold and then sell. Or is that fund managers! Mms earn their money off the spread son.

[doron] 16/7/2021 17:26

MMS buy from all sellers as cheap as possible then when RNS comes would be able to sell at a much higher price that's how they make huge profits simple

[goingforarun] 16/7/2021 17:10

Buying opportunity!

[tonyevo256] 16/7/2021 17:09

Ask yourself 2 questions; what is the long term outlook for copper and platinum as we head towards a greener global economy...and....where can I free up some more money to buy JLP at this bargain price.

[sb] 16/7/2021 16:55

Trouble with trading it Ade is it focuses your mind on short term profit and your now showing a loss... And that's making you conjure demons..

[21ant] 16/7/2021 16:50

adejuk I don't think you're on your own. There should be no reason that the half year statement won't live up to expectations but it's natural to be a little nervous given the recent price movement - I'm on 26k a penny and I feel your pain. For once I'm glad it's Friday and I'm hoping we see that RNS on Monday. We could be back at 20p very quickly - been a rough day all round today and a few frustrating weeks so I guess the best advice is to enjoy the sunny weekend and start again on Monday :-)

[pshevlin] 16/7/2021 16:47

All metals taking a kicking today. Can't expect JLP to avoid it.Hope Leon is taking notice and the results follow pretty sharpish.I'm in for three years anyway as long as no black swans and I can't see where they might come from.

[adejuk] 16/7/2021 16:38

if it is as good as we expect it will be announced at a 4 month low and simply take us back to then.

[philby1] 16/7/2021 16:37

Managed to add some more at 17.4p. A bargain I hope!

[adejuk] 16/7/2021 16:36

for some it's much worse but for me, every penny is 15k
am i the only one beginning to have doubts about the half year statement?

[tonyevo256] 16/7/2021 16:34

Look at the volume...that tells you it's just mms taking advantage of nervous retail punters

[alpal2] 16/7/2021 16:14

Now falling like a brick.

[frogkid] 16/7/2021 15:38

3 mill? Hardly an avalanche, 1.5 mill sells!!