Firering Strategic Minerals: From explorer to producer. Watch the video here.
Whilst a lot are currently predicting massive SP increases (which I would welcome) I think the expectations may be getting ahead of themselves.
Many have bought and intend to sell once the interims and hopefully Copper update come out (slicing).
Remember even the big boys like Slaters bought in at 12p and are showing healthy profits and would probably be under pressure to realise some of those profits bringing the SP under pressure .
FTR I do believe JLP to be worth significantly more but a bigger appetite is needed by new institutions.
GLA and never before do I want my post above to be wrong :D
17.25p
I would think the successful commissioning of Roan and production would be classed as news of material significance.
Another week in the life of Jubilee these days is not a long time to wait.
GLA
Even though it doesn't seem like it the path from 17p to 20p will come much quicker. It's how the market works. Need to get out of the penny stock to see the full flight of Jubilee and it will magnificent to watch it soar.
https://www.mining.com/web/vale-anglo-american-underline-esg-issues-as-copper-demand-soars/
Hi Smose
With regard to the over-promising and under-delivering, as far as I am concerned it was always Colin Bird's perception. Since he has been in the background JLP and LC have been on song.
Highlygeared is partially correct when he says that our expectations need to be curbed. I have no issue with Mikies posts and ramping because the pipeline to riches is certainly falling into place. Lots of numbers are bandied about as anticipated profit. Whilst I try and be conservative in my own numbers I do believe that JLP has only started gaining traction this past year and will only grow and flourish with projects Roan and Elephant.
Whilst Zak Mir predicted that the share price would be 25p by the end of March, realistically I don't believe that to be true until we find out how Roan has performed. I have no doubt that the SP will be 50p by next year end until there is a major crash in commodity prices or stock market crash, neither of which appears to be on the horizon, but then again who knew last year this week was the last week of normality as we knew it.
Bottom line is that JLP has the best basket of commodity products and the moment and the lowest risk of extracting value from the tailings. The pipeline for furture earnings is also full.
The bottom line numbers may disappoint some because of the costs exceeding our calculations, but this Company is a far cry from where it was in 2019 (and before) and I have no doubt will reach Mikies retirement price of £1 within a year or two.
GLA and DYOR
The main thing Alwaysone is that you are in. I believe that your timing now would be much better than in July this year, but worse than this time last year. Not too many of us are superstitious when it comes to Jubilee I would think.
GL and welcome
Copper, copper and more copper needed :
https://www.mining.com/tests-find-copper-can-kill-99-9-of-germs-on-high-touch-surfaces/
Welcome Bamster
Best 6K you will ever spend. Lots of very good news is anticipated and I have no doubt you will see huge rewards within 4a short space of holding the share.
ATB
Sorry Jonah you had to sell some Friday. It does happen and hopefully everyone is well and over the crisis.
The upside is you will undoubtedly need to sell less and less shares as the SP rises going forward.
@Mikie. I agree with you also with regard to the stimulus package. Can only be good for commodities and Jubilee. Have a good week all
@hesgoingallin
If the market crashes it crashes. It was March last year when JBL fell to 1.82p and look where we are now.
You can't stop people from selling but it would be a huge mistake to do that with JBL because at the end of the day fundamentals is what leads to the recovery of shares.
I still need to rub my eyes to believe the difference between where my JBL shares were on 24 March 2020 (lowest point I have ever held my Jubilee shares) and now. And to be honest the news coming out in the next year in my opinion will be substantially better than this year just gone past.
GLA
The cash flow statement is the all important info to me. How much cash came in and how it was spent. Whether the balance of cash on hand at 31 December 2020 goes up or down is irrelevant as long as the way the money was spent was to further increase profit in the future by acquiring more tailings, expansion of current projects, new projects in new regions or increase the longevity of the Company I will be happy.
The bottom line is Jubilee is generating heaps of cash at current commodity prices. And we are making money while the sun shines. We may just be a cash cow at the moment, but wait until the elephant starts approaching.
GLA & DYOR - Let's not Roan the experience for everyone else :)
More cheap warrants out the way
Something more to read while you wait for the SP to rise
https://www.moneyweb.co.za/mineweb/platinum-stocks-soar-on-kick-from-recovery-in-auto-sales/
Looks like a LOT of copper cathode been produced in February 2021. The nice thing about the pictures on the website is it tells you the date / year when it was taken (hover your mouse of the pic).
They need to separate the Kabwe to show zinc, lead and vanadium and the progress made there with the copper in my opinion.
Expectant smiling parent - GLA
Another 200 000 out the way for someone to cash in on.
I am certainly not distracted or upset with a drop in the SP. There is a clear base in this share at the moment and the fundamentals when the results are published will undoubtedly cause the price to rise.
Agree with you Jonah and Mikie. Almost all of what you said. The only thing I can maybe disagree on is the amount of excitement between us and LC.
Like expectant parents all of us
Ella10
The 356 843 tonnes of Zinc tailings will be the rounding in terms of financial numbers for Jubilee compared to the 300 000 000 (Three hundred million) tonnes of copper tailings.
Jubilee went into Zambia initially for the Zinc, Vanadium and Lead and "fell" into Copper thanks to the acquisition of the Sable refinery. The enormous increase in Copper price from $3 000 to over $9 000 per tonne will for some time keep zinc, vanadium and lead in the backround. If it happens in the 3rd quarter of this year that will be great. Roan and Elephant is where the money will be free flowing soon.
It's going to be fun fun fun year soon, dyor and join the party here.
Welcome aboard 1candc.