Jubilee Metals Share Discussion Threads

[timhigginson] 14/8/2021 09:18

Bullster,
I cannot get my head round the Chrome earnings going forward. JLP reckons to produce 3m tons of chrome FY 2022. How much will JLP's share of the earnings likely to be?

[kennyp52] 13/8/2021 16:52

There are no sells without buys . Let you think on that for a moment . So is there a little bit of jiggery pokery going on allowing a few more in via the back door whilst twitchy holders dump ? Is there any evidence of II’s dumping ?

[robers98] 13/8/2021 15:38

If we have a mix of ii's that have been dumping is there 1 main buyer that Leon has got onboard or a mix of larger ii's? The hope would be as the selling dries up the buyers at this level stick around for a decent rise.

[bullster] 13/8/2021 15:18

PLATINUM
49%
@
$1,022.00
$500.78


PALLADIUM
40%
@
$2,594.00
$1,037.60


RHODIUM
9%
@
$18,200.00
$1,638.00


GOLD
2%
@
$1,774.20
$35.48





B.B.I. =
$3,212


BBI still recovering , as is copper.

[the skipper] 13/8/2021 15:10

It's certainly not like that with my account at Shard Bullster and there are plenty like me who are responsible for their own investment decisions although they I believe that they do manage accounts for some. My suspicion is that Veddis, Mitton and the Marlborough funds have largely been resposible for the pull back with some having made the bulk of their investment around the 2p mark. Some TR1s indicating that these have finished reaping their profits would enable confidence to return here imo.

[frogkid] 13/8/2021 15:06

That is my understanding Bullster

[bullster] 13/8/2021 14:57

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The Skipper, thanks for the breakdown.

I must add that, i consider a nominee account to be a holding account, which an individual private investor runs his own portfolio of shares, buying or selling in quantities of his own choosing.
Whereas a high net worth investor hands his cash over to an institution, and they decide when to buy and sell his shares, as part of a block of other investors money. Likewise if you invest in a fund.

Not saying i'm correct with the labelling, but there are two distinct differences as to the control over the trading.

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[the skipper] 13/8/2021 13:43

Bullster, Jarvis are principally a nominee account for people who hold via Shard Capital, so that is mainly HNWI's divesting imo and some are now apparently pouring money into GLR and elsewhere. What's more noticeable to me is that according to JLP's website Veddis Capital still hold 125,190,517 shares amounting to 5.58% of the stock but they do not feature as a holder in either Morningstar or the FT tearsheets:

Seems to me that someone has neglected to file a TR1

[gsg] 13/8/2021 12:54

Interesting JLP institutional shareholder buying and selling stats on Morningstar. Just hit the buyer or seller tab to see which ii's are coming and going.

[bullster] 13/8/2021 12:18

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According to the Financial Times website, over the past 5 months, the most significant institutional investor to have been selling is Jarvis and to a far higher extent than it's peers.
Although Jarvis has sold around 40 million shares in the 5 month period it is reassuring to see that the Hargreaves Lansdown divisions have bought up around 23 million shares in the same period to 2nd of August.

As for private investors, whom in my opinion, are the main cause for the drift in share price, it was only to be expected after the stellar rise to 22p per share.
Some, if not most, will probably come back in, the future predicted profits in JLP seem too compelling.


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[robers98] 13/8/2021 11:56

Post over on GLR.


Google maps now updated and shows digging operations at StarZinc

Google map co ord: -15.262500,28.244444



Top picture is now, bottom picture is 31st March

[john185] 13/8/2021 11:25

Agree 100% on Inyoni Bullster. I would say more than a news release though - they should be shouting it from the rooftops - it is likely to be among the biggest and certainly the most modern plant in S A - needs analyst visits and release of film - I actually think Colin is much better at this type of thing than Leon.
I would also add a third point - what is happening at Windsor? Total published capacity is 85kt per month plus 35 at Windsor 8, so not far short of the enlarged Inyoni chrome operation. Is the Eland deal completely finished now? Are they stockpiling pgm feed for Inyoni? Is fine chrome to be installed?

[frogkid] 13/8/2021 10:56

Good post Bullster. I continue to add here, albeit in small amounts

[mikebolle] 13/8/2021 10:17

Thanks Bullster. As always; factual, to-the-point and spot on.

[bullster] 13/8/2021 10:12

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The next two definate positive updates, which could and should be delivered in Q3, are:-

1, News on the fully commissioned and expanded INYONI PGM plant. Production is set to increase dramatically, the WHI broker note gives figures that reinforce the prediction that INYONI PGM will produce more revenue in total, even after WINDSOR PGM is no longer contributing.

2, News of the steady rise in copper production at Sable, now that delivery of intermediate concentrate from Roan has commenced to a fully commissioned copper circuit at our Sable refinery .

Other news could well come at short notice, of course, such as, a deal on Tjate, more chrome deals and a jv with CMRS in Cyprus that could increase our campaign into copper and even gold. And it won't stop there.

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[robers98] 13/8/2021 08:15

Palladium Rally Threatened by Automakers’ Pivot to Platinum

A rally in palladium that’s seen it more than triple in value since mid-2018 looks to be nearing its end as demand headwinds build.

Around 85% of global supply of the silvery-white metal is used in pollution-reducing catalytic converters in gasoline engines. The surge in prices coupled with advances in technology, however, are making it more attractive for automakers to use the much cheaper platinum. Further out, palladium faces an existential threat as electric vehicles gradually replace those using gasoline, meaning the current rally could well be its last.

Palladium has trounced its fellow major precious metals platinum and gold over the last few years. It benefited from stricter emissions standards in China and Europe as well as a shift away from diesel-powered vehicles, which use platinum in their catalytic converters, following the Volkswagen AG emissions-cheating scandal in 2015. Mine output -- mainly from Russia and South Africa -- has struggled to keep up, resulting in a deep supply deficit.

That saw palladium prices surge past gold and platinum. The metal really took off in 2018, jumping from $834 an ounce in August of that year to above $3,000 in May 2021 before easing to around $2,630.

Greater platinum use in gasoline engines is being driven by the Tri-Metal Catalyst technology developed by German company BASF SE, which makes autocatalysts. The technology allows partial substitution of palladium with platinum and is being introduced in smaller vehicles from 2022 and 2023

“We see the beginnings of platinum being substituted back into gasoline catalytic converters,” said David Jollie, head of sales and market insight at global miner Anglo American Plc. “This will bring palladium back from its fundamental supply deficit and closer to balance.”

Russia’s MMC Norilsk Nickel PJSC is the world’s top palladium supplier followed by South African miners including Sibanye Stillwater Ltd. and Anglo American Platinum Ltd., a unit of Anglo American.

But while the threats are looming, most analysts still see palladium’s rally as having some room to run before it enters a long-term decline:

UBS Group AG sees palladium rising to $2,900 an ounce by year-end and then falling to $2,500 by the middle of 2022 as platinum substitution increases
HSBC Holdings Plc forecasts palladium will average $2,740 an ounce this year. It will then decline to $1,190 in five years, at which point it will be cheaper than platinum

Citigroup Inc. said in mid-July that it expects palladium to rise to $3,200 an ounce within three months and doesn’t see platinum substitution becoming sizable until 2023 or 2024.
Standard Chartered Plc precious metals analyst Suki Cooper said that demand should remain robust for the next couple of years, with palladium averaging $2,790 an ounce this year and $2,625 in 2022 before dropping to $2,200 in 2023.
The post-pandemic recovery in automobile production and tighter emissions standards will support consumption in the near term, Cooper said. Mine output will then pick up on the back of planned developments and, together with slowing demand, that will see palladium move closer to balance, if not into surplus, within the next five years, she said. Citi, while bullish in the short term, sees the market getting close to demand-supply equilibrium in 2023.

[adejuk] 13/8/2021 07:44

i missed it bull. if only.

[dafrog] 12/8/2021 17:48

Down a packet on this. At least it can only drop another 15 p

[1madmarky] 12/8/2021 17:19

Some one (PI) wants out big time. Just have to wait until they're done.

[frogkid] 12/8/2021 17:16

Must be some stop losses getting hit last few weeks. I wonder if Zambia is causing some nerves.

[deme1] 12/8/2021 16:45

15p could well be a possibility.

stroll on 2023

[frogkid] 12/8/2021 15:14

I agree ade, been watching SLP.