Member Info for cavemanquince

Even the big boys can be caught with their trousers down! 😜

https://www.reuters.com/markets/commodities/trafigura-ixm-caught-comex-copper-short-squeeze-prices-hit-record-2024-05-15/

Patience Chaps & in the fullness of time? 😁

Cavey

Thanks SiesNav,

So it is the average quarterly price paid per ton (2240lbs) /US$ that all these sites are referencing. Whereas the LSE Commodity prices are the actual instantaneous prices currently being declared for '3 months future delivery'?

Cavey 🙏

G'Day fellow investors,

Perhaps one of you could enlighten me as to the way copper is priced daily & in what metric, since I am bemused by different prices.

https://www.mining.com/web/copper-price-above-10000-as-supply-worries-counter-faltering-demand/

The above (& other websites), proclaim copper is just above $10,000)/ton; yet I have been following a commodity website for over a year now which gives me a current trading price US$/pound.

https://tradingeconomics.com/commodities

By my calculations copper has been traded much higher than $10.000/ton for several months now. Indeed I have observed as much as US$4.7389×2 240 = US$10, 615 only this week!

So what units are the 'gold standard' here, as they are very important to our current price situation 😜?

Cavey

With copper prices only now in the foothills of Everest, the future of our company share price could go very high indeed.

If 25K tons are indeed a possibility & our cost are approximately $3,800/ton that makes a yearly profit of $155M @10K or $280M @ 15K/ton. COPPER ALONE!!

More than our current £203M market capitalization!! 🙏

Good luck chaps,

Cavey

Quote from others:-

https://www.reuters.com/markets/commodities/bulls-jump-deeper-into-copper-amid-supply-challenges-ai-fueled-demand-2024-04-12/

Patience will be well rewarded for all LTHs

Cavey 😁👍

A good site to look at many commodity prices:-

https://tradingeconomics.com/commodities

👍

JPL # of Trades 248 (best volume for a while 🤗!)

Vol Sold 5,446,702

Vol Bought 6,170,827

And NorthernShark:-

"Platinum also had a decent day. Much to look forward to"

Me:- But Palladium had an even BETTER DAY! 😜👍

Going our way finally 🤫!

Hold tightly all LTHs.

Cavey

Green boxes: So useful & timesaving!Today 10:38

My Green Boxes now total 102 different posters from JLP, Frontera and a few other builtin boards I read regularly. Such a timesaving & useful resource that saves me reading through troll-speak-gibberish that adds nothing to investment information.

However, many thanks to posters who do try to offer knowledgeable & constructive information for our benefit. 👍😁🌹

Cavey

My Green Boxes now total 102 different posters from JLP, Frontera and a few other builtin boards I read regularly. Such a timesaving & useful resource that saves me reading through troll-speak-gibberish that adds nothing to investment information.

However, many thanks to posters who do try to offer knowledgeable & constructive information for our benefit. 👍😁🌹

Evening All LTHs.

I've been watching the metal prices for nearly as long as this board & like others are perplexed to see our metal prices are not doing well.

Just this evening I noticed that Palladium has now dropped below the Platinum price, which it always used to be many years ago. In-fact Platinum was more expensive than gold for many years, & couples used to make their wedding rings of it because of this. Also I think Platinum has more industrial uses than Palladium.

With car makers substitution of Platinum for Palladium, (because of cost advantage) in a very competitive market in recent years, it was no surprise that Palladium sp overtook Platinum.

With the advent of electric cars both metals have been struggling; so now the Americans (along with others) have said they favoured hydrogen fuel the popularity of both metals is reversing. Platinum being used both in electrolysis for hydrogen production & the fuel cell.

As for copper and it's price; it always has been an important industrial metal used universally in our modern civilization, so with or without a shortfall in production, JLP will benefit from turning 'Rags to Riches.'

Our day will come fellow investors but, (as my Dad always said), "Time is my Enemy" now with increasing age and health issues!

Good luck,

Cavey 🤞

G'Day True Investors,

Many thanks people for many really good informative post but I do have an enormous number of green boxes linked to individuals who have nothing to post but garbage and inflammatory negative information.

The rest of us would do well to not encourage these trolls.

Peace, Love & Prosperity, All

Cavey

Tjatje is over 4,000 feet underground with a mine that won't be built because platinum will never be profitable @ under ↑ $5,000!

JUBILEE IS NOT A MINING BUSINESS!

Cavey

Thoughts.

It is interesting to see how the prices of these two metals have changed over the previous year in relation to one another.

In January palladium was about $1877 Troy Oz compared with platinum then being $977 for same, or 88% more expensive. Today however the price gap is much narrower with palladium being $1011 against platinum at $927 or only 9% more expensive; both of course much cheaper than in previous years, which is why our basket prices have taken such a knock!

Historically platinum has been the more expensive metal, (at times being more than gold), and one would assume that this will be the case. Presumably it's the motor manufacturer's that have switched metals in car catalytic converters that have made the difference over time. Will electric vehicles put paid to demand in the future or will the Noble metals forever have a new need in engineering?

Cavey

Morning People!

"ZCCM took control of Mopani from Glencore after agreeing to pay the Swiss commodities giant $1.5 billion in a deal funded by debt.10 Oct 2023"

Assuming that to be correct as posted on Google; it would be highly unlikely that Glencore would be buying back in so quickly again.

JLP would certainly Not be buying Mopani as they are not in that league and it seems there have been other complicated negotiations re: Mopani's dept et Al. However the Zambian Govt' has said it has decided on a deal re: Mopani as the Co. has stated it wants to increase copper output to 3m tonnes in the coming year.

We can hope that part of the process would involve recovering metals (copper) from it's hitherto 'discarded dumps' which is where the tie-up could be with JLP.

We wait for news today?

Cavey 🙏

Well done to all our great posting slueths for finding and trying to intelligently decipher very recent information.

Still a way to go maybe but think of the positive kudos that Steve Nicandros & others will accrue/accumulate should he pull this off and relist our company! Private & Institutional organizations will be much more comfortable putting their money into a company run by someone who they can trust!

Cavey 🤞🙏

Well I'm sure as I can be that this extended decline in the s.p. is not something that any company can change given the World economy & conflicts raging at this time.

PGMs have all declined significantly in the last 24 months & they are/were one of our products! But not all off them thank goodness. By luck or good judgement our management has diversified into other metals, the 'Star' currently being Chrome; which not that many years ago was the 'baine of our PGMs production issues!'

How times have changed as it is now our 'star performer.'

As like many of you, I am down significantly & am expecting even more s.p. deflation 😕.

I do feel that small buy-backs could show/& benefit our company a little, before metal commodity prices recover.

Cavey

Https://www.investorschronicle.co.uk/ideas/2023/10/25/lower-metal-prices-hit-this-miner-but-shares-are-lowly-rated/

I've just managed to read all of this comment without paying for the content. Try accessing and scroll down carefully.

Good luck

Cavey

P.S. despite me having many 'green boxes' there are some very good comments on this board.

Doing a share BUYBACK could be a very canny opportunity in these difficult times and with the price so surprisingly reduced. I'm sure it would be a very positive action with many and would do wonders for the future price & general building confidence around.

Thinking positively.

Cavey. 👍

The world demands for Chrome metal is immense and like Copper will only get stronger as the supplies get tighter and 'green demands' become increasingly stronger

At these prices this company is a good bet!

Worth a read guys :-

https://www.linkedin.com/pulse/chromium-price-skyrocketed-record-bright-future-one-worlds-sahit-muja#:~:text=The%20high%20chrome%20ore%20prices,reserves%20open%20to%20markets%20globally.

Stay focused

Cavey 👌

Morning Chaps,

My chat page has recently been filled with a 'Helluva lot' of green boxes which undoubtedly saves my time reading cr*p. However some really excellent posters, at times, continue to respond to this DRIVEL. You are only encouraging the morons too! 😆

I personally think we are all going to do very well with Jubilee. 👍😁

Happy times are coming.

Cavey