Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
No much by way of news on RNS.
Only shock was the cost of transporting $262 which is a frightening number to say the least.
GLA
All it shows traders is whether the transactions appear to be moving the share price up (sell) or down (buy).
Sorry this may be even more confusing. If the sale reflects as a buy it means the investor pays up to get the shares and if it is a sell then someone sold their shares to him at a lower price.
The share price moves up temporarily on a buy transaction and down on a sell transaction
@rhum5434
Your trade reflects as a sell because your trade hit the sellers price. Reflects as a buy when the trade hits the buyers price (someone sold to the buyer at his bid price). The unknown is when it trades somewhere in between. All it shows traders is whether the transactions appear to be moving the share price up (sell) or down (buy).
Hope this clarifies it for you.
It does not make sense.
What is worrying is that more than 50% of the shares are now owned by institutional shareholders. Why they don't mop up the sellers of a few million shares is somewhat suprising given the SP?
Hopefully good news is not too far away.
There is no chairman
Bushy if you check your facts you will see from the RNS issued on 16 December 2021 that their is in fact a chairman. Let me assist you with the extract :
I therefore have committed to assist the Board to find a replacement over the next 6 months and to assist in overall succession planning. We look forward to providing details of our global roll-out strategy and board developments over the coming weeks and months. Onwards and upwards."
To me that means he is staying on until the end of the year. How do you read it ?
As Bushy seems to think that I have no insight into the share and only apply guesswork, just wondering why someone like Slater's have kept all their shares , dropping from owning 11.17% of the company to 10,28% after the dilution. (see RNS 11 March 2022).
Maybe Bushy, give him a call. As the largest shareholder he may have done some homework on the share and thinks there is some value hidden between the vast Copper, Chrome and other tailings. BTW he is Colin's connection not Leon's.
GLA and DYOR
I have no idea why you have any interest in posting on this board Bushy. Clearly you have zero interest in buying the share so move on and leave those of us who actually do some research and have a vested interest in the share make our own decisions without having to go through your numerous negative posts .
Have a safe trip to SLP. It will keep you in good stead and your outlook hopefully more positive.
We will find out about how many shares ACAM will keep soon enough via a TR-1 announcement
@bushy
ACAM may at its absolute discretion .......
It is simple : ACAM took a chance and it paid off handsomely - not that dissimilar to all of us shareholders who emptied our pockets between 2p and 5p.
You seem to be focusing on how well ACAM did and they are going to dump the shares. I look at this and think how amazing this company is that in 3 years we have gone from pipe dreams to solid value and an extremely profitable future. Why would ACAM see it any differently and sell all their shares.
JLP has gone from less than 2.8p to 15.7p in three extremely difficult years and practically zero money to start with. Just imagine where we will be in the next three years.
I guess for me that is the power of positive thinking.
@Homey
The RNS makes it clear that they intend to be a longer term holder. Read the second sentence.
The ACAM convertible loan note formed a key part in the funding of the acquisition and successful recapitalisation of Jubilee's Sable Refinery which launched Jubilee's Zambian copper strategy. The conversion not only welcomes ACAM as a strategic shareholder with keen interest to further support Jubilee's copper ambitions, but also completely eliminates Jubilee's external debt position in relation to its Zambia operations and releases all securities held over Jubilee's Zambian assets.
Palladium smashes record as concern over Russian supply mounts
Palladium surged past an all-time high on mounting concerns that exports from top producer Russia could be disrupted by sanctions imposed following the invasion of Ukraine.
The metal, mostly used in devices that curb pollution from gasoline cars, extended this year’s gain to 76%.
With President Vladimir Putin reiterating over the weekend that he will continue his assault on Ukraine, there are growing concerns about supply from Russia, which accounts for about 40% of all mined production. Most of Europe’s airspace is closed to Russian jets, making it more difficult for top miner MMC Norilsk Nickel PJSC to ship palladium.
“The airspace closure is disrupting exports of Russian palladium,” said Giovanni Staunovo, a commodity analyst at UBS Group AG’s global wealth management unit. “Further price support is likely coming from investor-and-consumer-led buying trying to secure physical palladium.”
Putin said again on Sunday the war will continue until Ukraine accepts his demands and halts resistance, dimming hopes for a negotiated settlement. The US is now considering an embargo on Russian oil supplies as it tries to ratchet up pressure on the Kremlin.
- BLOOMBERG
Only a matter of time - DYOR and GLA
Wouldn't be suprised if there was still an overhang of shares needing disposal depending on how many shares ACAM intend to keep. One would have to assume they will keep the bulk of them which are in effect "free shares". Having taken the initial risk with Jubilee and seen the profitable outcome on their side, I have no doubt that they have the outmost faith in the company.
As NS said, the deal was done in time of need, same as directors options and warrants which will be exercised at a pittance of what the share price will be at the time. That dilution will happen and I personally am okay with it.
Jubilee has a much stronger balance sheet now and a history of profits, which will undoubtedly help raise finance if and when required.
Looking forward to the REALLY good news RNS's yet to come out in respect of PGM's and Copper.
GLA and DYOR
If Jubilee is not a screaming buy now it will never be :
https://www.mining.com/copper-price-hits-all-time-high-on-fears-of-supply-crunches/
GLA and DYOR
@ gotreal
Human nature my friend.
That added to the fact that all other companies in the commodities space have gone up, everyone question is there must be something wrong if JLP's price doesn't go up.
I am in the same space as Dorf. I am happy to add to my severely overweight position at this stage because the market will eventually get the info they need to move the share price upwards.
Patiently positive
GLA
Shortly after a British Airways flight had reached its cruising altitude, the captain announced :
Ladies and Gentlemen, this is your captain speaking. This is a your non stop flight from London Heathrow to Johannesburg OR Tambo. The weather ahead is good and we should and we should have a smooth, uneventful flight. Please sit back and relax and ... OH MY GOODNESS! (scream)
Followed by silence ....
A few minutes later the captain came back over the intercom
"Ladies and Gentlemen, I'm sorry if I frightened you. While I was talking to you, a flight attendant accidentally spilled a cup of hot coffee in my lap. You should see my pants.
One passenger yelled " For @#*#* sake .... you should see the back of mine.
The current share movement reminded me of this joke. Hopefully it will give someone a smile.
GLA
Down 7% on its results today.
https://m.miningweekly.com/article/sylvania-records-lower-interim-revenue-on-the-back-of-subdued-pgm-basket-prices-2022-02-21
@HD
My personal feeling is that the 2 shares you mentioned is based on the probability of a Russian invasion into Ukraine. Sibanye's rise can be attributed to it's gold operations , and Glencore, its oil. Neither because of PGM'S or copper.
My hope too is that CMRS will come out soon with their Assay results and an announcement of the JV with Jubilee as their tailings contain both gold and copper. Again my feeling will be that will be the trigger for investors to take note of Jubilee. (Given up on the news coming out of JLP)
IF an invasion does happen, I have no doubt all commodity prices will rocket (excuse any suggested pun).
Whether any of the above is correct or not does not concern me, other than the unnecessary loss of life that will undoubtedly take place, as Jubilee is in a much better position operationally and financially) than it was 6 months ago.
GLA & DYOR
@Mikie
Your post is spot on. JLP is is a difficult position as far as PIs and IIs are concerned. There is no dividend or prospect of dividend in the next 12 months (as far as I can see) - Just massive earnings growth.
For the big boys to look at buying us out - the earnings numbers are too small to warrant it, it won't even move their rounding.
Bought a few more shares for the Superfund.
The seeds have been sown - only a matter of time
And ..................................
Patience, patience, patience
@noExcuses
It is not a silly question. I thought it related to this :
https://amabhungane.org/wp-content/uploads/2020/12/PDF-7.pdf
Maybe Jlp can clarify this after the creditors meeting in an RNS of its own