Jubilee Metals Share Discussion Threads

[sb] 24/6/2023 18:54

Yes we are because if we weren't he would have had to say so.

[lights out] 24/6/2023 18:12

SB, stop beating around the bush. Are we at 550T a month or not? It's a simple question? You can't answer it because you don't know.

[sb] 24/6/2023 13:54

When did he allude to an update in May? He said we would be at design commercialisation levels but didn't say there would be an update. As he has to update the market if a former announced target will be missed, as there hasn't been one my assumption, and yours too, is that has been achieved. My point is you complain about not getting updates but have had two in 2 months, one totally unexpected with a huge financial upside with regard a new contract in SA, but if he doesn't tell you what you want to hear when you want to hear it then that is a problem. Why?

[pshevlin] 24/6/2023 09:12

Whether the target for copper is met or not it is still not in the price. We should be above this on Chrome and pgms alone. Copper will be the huge mover but if it takes a few months longer to get it right it is no problem. There is no denying it can be done and the relationship with the Zambian authorities shows that they have every faith in it. Personally I think the target will be met or at least almost met and the process will develop from there. Our present plight is not mainly related to performance but to external problems that we have hopefully overcome. Take a look at the SLP chart and you can see it is following the pgm market the same as we are.I do agree however that more news would help in preventing these piddling little sell offs that move the share price disproportionately.

[frogkid] 24/6/2023 08:29

SB, why do you have to be so rude to anyone that doesn't follow your view?

[frogkid] 24/6/2023 07:24

What about the question of Ollie. Where's Ollie!

[lights out] 24/6/2023 07:01

Yet again SB you really don't know what you are saying do you?
Just because Leon says we are on target for 3000T does not mean we hitting the 550T monthly target. To get to 1700T (current 6 months) we only need to produce 340T over 5 months (January I assume nothing was produced). Leon eluded that he would let the market know about the 550T commercialization in May. He hasnt. Will you sell all your shares if we are not at 550T yet? Because you are very confident??

[sb] 23/6/2023 22:49

You have had two updates in two months ... pathetic.

[aceshi] 23/6/2023 20:30

8.20 close for the week. Not yet the 7s I predicted but give it time.

[aaspell] 23/6/2023 20:14

Lol as you may have noticed from some of my spelling error - share rice indeed

[aaspell] 23/6/2023 20:13

Blind hope or sitting on massive losses ?

However the company is actually performing there is not disputing the charts. continual long term down trend little uplifts and then back down. lower highs lower lows.

Imagine that after putting out the RNS on expanding footprint they had been able to put out an RNS for an ops update confirming all sites running at capacity, any indication of copper production, pgms this 1/4 or chrome outputs.

Slater buys in and sits on 50% losses at what point does a fund require it take the hit and dispose?

Long term faith is great - but without regular project updates the share-rice just drifts as people like us have no solid news to base investments on.

This was one thing Leon committed to but has failed to do - and wtf is our new chairman actually doing. Be nice to see something from him wouldn't it. You know, this is our direction, this is where we want to be, this is what im doing to get us there. Instead I've seen more lively graveyards than our new chair.

Year end next week - another few months for results to be released -have we smashed last year ? or are we going to get a disappointing set of results with 'jam tomorrow'

Over two years I've watched my profit in my investment here be walked down to half of the value it was and yet apparently we are doing well. If we are doing well why aren't we releasing regular updates singing our own praises?

Sorry rant over - too much one

[adejuk] 23/6/2023 17:55

that was in response to my voicing the cliche
hope is the triumph of optimism over experience

[adejuk] 23/6/2023 17:53

btw
that last quote came from a patient
he's brilliant

[adejuk] 23/6/2023 17:52

summary of all today's posts

I DON'T KNOW

go figure
it's ok to be scared
it won't last
nothing does
hope is undiscovered disappointment

[freedom97] 23/6/2023 16:41

I always try to look at the full picture rather than just a piece so see things more clearly😁

[pshevlin] 23/6/2023 16:25

Ah. Freedom positive, deme1 always negative. I wonder why?

[freedom97] 23/6/2023 16:16

Didn't JSE close UP over 9% yesterday.

[pshevlin] 23/6/2023 16:01

We are doing well then.

[deme1] 23/6/2023 15:47

JSE down over 7% today.

[freedom97] 23/6/2023 15:18

IMO it's the greedy manufacturers and suppliers that tried to cash in on the Ukraine war by inflating their prices too much blaming it on the war, which then caused many companies to raise prices and spread rapidly through most industries that has caused many things to shoot up in price. Even though for instance the price of bread shot up due to Ukraine at the time were unable to supply grains. But a couple months later shipments of grain were allowed, yet prices in shops for bread and pasta etc have not returned to what they were before the war.

The huge price increase for fruit and veg, energy etc., has led to workers striking demanding higher wages which when granted leads to prices and services going up more so companies can cover the extra wages. Plus due to the very low unemployment in the UK for instance the demand for goods is still high, hence inflation is difficult to reduce. The BOE should have increased rates by 0.50 and 0.75 last year which would have helped to stop inflation quicker, but the useless 0.25% increases as we have all seen have had little effect. Luckily yesterday the BOE increased rates by 0.50% so that should have an effect when it filters thru.

As regards UK or other countries going into recession. If companies start to sack employees and unemployment rapidly increases then to me that's a clear sign the country is heading for recession. In Germany I heard today that even though supposed to be in a mild recession?? they are very short of workers and are making it easier for people from other countries to work there. That tells me the economy is doing better than some think.

Americas inflation has now very quickly crashed down so unlikely to go into recession imo. All depends on China but if America and UK (remember a stronger £ makes goods cheaper to import) increase orders for Chinese made goods then their economy will improve too.

So imo just a matter of time before economies start to improve. COVID had a major effect on economies and unfortunately the Ukraine war started just when economies were set to improve.

Of course the above is just my opinion.

[eblitz1] 23/6/2023 12:51

Hi All
It would be interesting to know how many people on this board think that we are either going into recession globally or we are already in it. The supposed rise in metal prices to me are based on more global projects being delivered on a country by country basis especially in the US and China. It seems that Economists ( who are probably never correct) are stating that the BOE have shot themselves in the foot with rising interest rates. Chin's bounce has not happened and the US is a bit of a basket case politically. Commercial property is tanking etc etc. I have a very large holding here and I also want to invest more but timing is everything. Whilst metals are being hit hard because of global outlooks maybe it's time to sit on your hands. On the other side it best to get in when everyone else is getting out. The Price of JLP is I think under it's NAV which is a good sign to invest as it may be oversold however if things get worse as they will maybe stocks will fall even more. Very difficult to make a decision on whether to buy more or wait. You sensible thoughts would be welcom

[frogkid] 23/6/2023 11:55

We just need a constant positive newsflow and half a chance in the markets. What a fiasco the entire world economy is.