Share Name Share Symbol Market Type Share ISIN Share Description
Jubilee Platinum LSE:JLP London Ordinary Share GB0031852162 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.10p -2.74% 3.55p 3.45p 3.65p 3.65p 3.525p 3.65p 1,406,291.00 16:12:35
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 1.5 -3.6 -0.4 - 36.14

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Date Time Title Posts
09/12/201618:56JUBILEE PLATINUM - NEW DAWN !39,355.00
09/12/201618:04THE REAL NEW DAWN FOR THIS RISING STAR11,538.00
30/11/201615:33JUBILEE PLATINUM6,007.00
21/10/201613:39TARGET PRICE 200P12.00
21/10/201613:38Only worth 17p on fundamentals7.00

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Jubilee Platinum Daily Update: Jubilee Platinum is listed in the Mining sector of the London Stock Exchange with ticker JLP. The last closing price for Jubilee Platinum was 3.65p.
Jubilee Platinum has a 4 week average price of 3.55p and a 12 week average price of 3.56p.
The 1 year high share price is 3.88p while the 1 year low share price is currently 2.68p.
There are currently 1,017,935,361 shares in issue and the average daily traded volume is 5,539,542 shares. The market capitalisation of Jubilee Platinum is £36,136,705.32.
deme1: Although i can see it now JLP share price Dec 2017 - 70p Bullster "Confetti Colin said we would be a mid cap, long way off the £'s promised" All the while the elite few on this BB would already be sitting on a 30 bagger
sharenotes: Take three fifths of the JLP share price and three eighths of the JBL share price and form a triple product with the complex conjugate of zero and the insight you desire will be revealed. This is such a well known rule that I am very surprised you seem to be unaware of it.
freedom97: My post yesterday re. 1p to 5.5p (5.45) was in reply to sharenotes question, as he/she asked what will drive the share price higher without professional interest. I was just pointing out that pi's can drive the share price higher just like in August last year. I think some are missing the the important point I was making. Some have posted saying the volume is low, which it is at moment, although it's a lot higher than in the past, but this can change very quickly like it did in August last year. The rise to over 5p was not because of any RNS as the RNS before the 4 Aug 2015 was dated 21/07/2015 'Update Notice of GM and Invite to Live Webcast'. The volume on 3/8/15 was 49.7m traded with 712 trades. On the 4/8 when offer price went to 5.45p and bid to 5.40p as stated yesterday the volume was 107.9m with 1,526 trades. The reason the share price dropped back was because an RNS was issued at 12:57 on the 4th 'Statement regarding share price movement', in that RNS they also confirmed, they were in advanced talks with a major financial institution to secure the debt element of the project financing required to bring its two surface platinum processing plants into operation. It was the mention of the £13.71m capital required that caused many to sell that day, that's why the share price closed at 4.55p otherwise the share price would have remained high. If you don't believe me check the RNS's. My point is, volume can increase rapidly on no news as it did last year, although we were expecting project news re. ASA & Hernic. Just like we're expecting much news now. The question is what caused August last years rapid increase in trades?? Was it due to many pi's posting on twitter, telling pi's to buy (I never checked at the time) does anyone remember? I did see lots of posts on the ADVFN traders thread at the time but I don't believe that would have caused the huge increase in trades. Also, I never saw any mention in the press about Jubilee. Or was it just that hundreds of pi's had JLP on their watch list and as the share price and volume increased they all jumped on board or some other reason? I can understand huge volume like what happened when the share price here rose from 20p to 60p within a couple days due to the Tjate Resource statement release at the time back in 2009 but last years increase was not based on an RNS. So in conclusion, Jubilee is more known to the market than many think and if like last year, then hundreds of pi's might still have JLP on their watch lists. I suspect once the price goes over 3.8p?? they will all pile in, like in August last year. Hopefully this time due to being already fully funded the price won't drop back down, due to all the positive news we're expecting. As Always DYOR!
master rsi: short term for JLP share price
dandadandan: Platinum has hit $1100 and we should see a move towards $1170 next IMO. Someone over on iii reckons that on their calculation the JLP share price should have a target share price at 7:1 PE worst case of 33.1p, best case 58.8p - once in full flow. Quite a methodical calculation as well (just ASA and Hernic alone). I still reckon this is heading for 7p by the end of the year and then onwards and upwards. About to transfer more funds from the bank savings into JLP as it should provide a healthy 6 month return on capital IMO. If you do not take a risk you cannot expect a reward. This investment certainly has been de-risked substantially IMO those MMs cannot hide away that lowly Mcap figure and all of those income streams coming on line. GLA.
deme1: This is from Sharetrooper121 over on lse "Many here have missed this its the KEY driver for the share price IMO. For 5 years the RAND has been dropping since 2010 now its reversing and every ounce of Chrome or pGM we sell in RAND converted back to UK £ is much better for JLP share price". can someone who is a member of LSE please correct him and tell him we pay wages in RAND so the weaker the rand the better, we will be selling our platinum in $'s so the stronger the $ the better. He does come across as slightly bipolar though lol
mcluvin: Bullster surely you've learned now that pop is no relevance to JLP share price. We are a proud chrome producer! Volume selling at 2.8p this morning.
aaspell: Ok so i'm going to stick my neck out for some flak and put a ballpark low, med and high value on the share price based upon full production of PGM's against JLP's own target figures and with no consideration of Tjate or license granting. I've used the following JLP figure for full production of approx 33,000 oz PGM's per annum. Current shares in issue of 989,212,194 (irrespective of what may happen with options, share schemes and future share issues) In the low scenario i've looked at Sylvania Platinums annual report. SLP do exactly the same as JLP's proposed model in so far as they recover PGM's from surface dumped of chrome tailings. They currently do this at 7 sites. (1 of which is JV'd) Low case SLP produced 57,587 oz PGM's creating revenues of $47,790,535 = ave basket sale price last year of $830 per oz. SLP had a cost of sales of $41,280,681 and other admin / expenses of $2,905,398 so total costs of $44,186,079 which when divided by oz produced = ave cost per oz of $767 Revenue less costs = $3,604,456 After tax etc Net profit of = $1,696,889 Share in issue 297,850,449 EPS $0.005 = 0.35 pence Current share price of 6.625 pence P/E of 18-19 So JLP target 33,000 At SLV revenue and costs JLP would have revenue of $27,386,040 with costs of $25,311,000 providing $2,075,040 profit before tax - SA Corporation tax @28% so net profit could be $1,494,028 Shares in issue 989,212,194 EPS $0.0015 = 0.10 pence P/E of 19 Share price approx 1.9 pence Medium Case Use SLP revenue price of $830 per oz gives revenue of $27,386,040 Use lower cost per oz to allow for less cost in only running 1-2 sites rather than 7 etc and say costs per oz are $650 and total cost of sales = $21,450,000 Profit before tax = $5,936,040 net profit could be = $ 4,273,948 (after 28% tax) Shares in issue 989,212,194 EPS $0.0043 = 0.30 pence P/E of 19 share price approx 5.7 pence High case All based on JLP figures Revenue basket price $906 = total revenue of $29,898,000 Costs of less $600 (say $600) = total cost of sales $19,800,000 Profit before tax = $10,098,000 net profit could be = $7,270,560 Shares in issue 989,212,194 EPS $0.0073 = 0.51 pence P/E of 19 share price approx 9.6 pence So provided JLP have their costs per oz right within 10% and manage a sale price per oz of between $830 and $906 then on the current tailing projects alone in production this should be in the 6 to 10p range. However failure to deliver on cost to produce or lower sales prices than last years average could see this stay around 2p when in full production. I guess we have until the end of 2017 to find out how many oz they can produce and the direction of PGM prices and JLP costs to produce.
freedom97: For the benefit of any new pi's I suggest you read this excellent post: Bobsworth 29 Dec'15 - 10:03 - 2538 of 2546 16 0 The future looks bright for JLP! Here’s Why - JLP consist of 3 core divisions – Tajate, Surface Platinum Processing Projects & ConRoast. - Tjate contains 44 million Oz’s of platinum – the world’s largest un-developed block of platinum. Just waiting now for it’s mining rights license to be granted. - Acquired 2 surface platinum processing projects – together comprise of 44 million tons of pre mined ore to produce 40,000 Oz’s of platinum per annum. - Both to fully commission in 2016, 1st plant commissioned in Feb, 2nd plant Dec 2016. - The surface mine material originates from chrome mines. - Also own the processing licence on Conroast, a platinum recovery process, which is fully patented by JLP. - The Conroast process helped JLP acquire the rights to these surface platinum mined tailings. - For the big one acquired from Mitsubishi, JLP had to beat off 24 other companies to acquire the processing rights. - JLP out pasted the competition by demonstrating the efficiency of their ConRoast processing method for extracting platinum. - In Feb 2015 they concluded the sale of some non-core assets. These assets had been developed to a point where they had achieved their earning profile. Growth left in their earnings allowed PLG to sell them. Sold for £5.7m resulting cash in bank of £7 to £8 million - JLP now have enough cash to fully construct their 1st platinum processing and extraction plant. - Their 1st platinum processing and extraction plant is on track to commission in just 2 months time. This in turn will generate further cash, which in turn will be boosted by their 2nd project that will commission in Dec 2016. - Their 1st tailings access agreement is ASA tailings, which was acquired from ASA Metals Proprietary Limited and its subsidiary Dilokong Chrome Mines Proprietary Limited. - Building of this 1st processing plant is on track for commissioning in Feb 2016 - The building and commissioning process is very quick i.e. just 9 months. - Two months after commissioning they are then into cash flow. - ASA in 2014 was 1.1million tons of ore material at surface and growing as they continue to add material. - ASA now in 2015 it stands at 1.5 million tons. Adding at the rate of 11,000 tons a month! - This all equates to building a 30,000 ton processing plant that will produce 9,000 Oz’s of platinum in a year. - Note ASA is fully funded from JLP’s own cash reserves and therefore needs no external funding. - ASA is processed in 2 phases. 1st remove the chrome content which is sold back to the chrome producer. 2nd, the platinum processor then extracts the platinum. - JLP struck a deal in September with mine owner ASA that if a chrome beneficiation section was built by the end of January, five months ahead of schedule, it would be paid up to 25% more for every ton of chrome concentrate produced. - This will give a major boost to the ASA project’s economics - The 2nd Tailings Access Agreement is Hernic. - Hernic is much bigger and is partnered with Mitsubishi (Hernic is the world’s 4th largest ferrous chrome producer). - JLP has recently executed the Co-Operation Agreement with Hernic Ferrochrome Limited to process Hernic’s surface platinum-bearing chrome tailings. - The Agreement replaces the heads of agreement signed on 19 January 2015 and allows Jubilee the exclusive right to beneficiate the chromite and PGMs contained in the Hernic tailings. - JLP has rights to all Hernic’s surface material, i.e. 3.5 million tons on surface already, growing by 17,000 tons a month. - The total Hernic Project is estimated to contain PGM ounces in excess of 224,000 (3PGM + Au) oz. - For this JLP are building S.A. largest processing plant, processing 55,000 tons per month that will produce 31,000 Oz’s of platinum a year. - JLP are partnered with Mitsubishi to build this plant in 2016 under very strict target deadlines. - So in total JLP will soon be producing 40,000 Oz’s of platinum a year. - All without a single mine and using a labour force of just 120 people. - They are not an unskilled unionised labour force, instead they are skilled workers using highly automated plants. - At today’s platinum prices they are running well north of 30% margins!!!! - These margins are good because there is no mining component involved where cost are typically 65% of platinum price. - Although it has been to the frustration of shareholders there has been large development costs of all the processes needed for their tailings access projects. - The good news now is that all these process developments are complete and have been extensively proved to work. - As a result of these workable processes these projects are now fully bankable. - Both projects have had bankable feasibility studies completed. - All assets are in a measured category that has been financially drilled down in detail to allow JLP to approach banking institutions to fund the construction of these projects via debt financing. - This now means they no longer require the funding from their shareholders. Low Risks - Have low cost fully automated processed that have been totally de risked via very lengthy development work involving lengthy commercial trials at great cost and time. - With all that now behind them JLP are finally ready to go into full production. - Operational risk is therefore very low. - Also enjoys low financial risk because their surface projects are bank fundable because they are a non-mining surface process with high margins thanks to low labour costs. - Also have no mining geological risk at all and are debt free with cash in bank. The Future - Actively looking to acquire more pre mine surface material sites with no mining exposure. - Tjate is their big project for the future where Jubilee will target a venture partner to help them develop it into an operational mine using the latest fully automated mining techniques to keep operating costs down! - They have met every regulatory requirement for the Tajate mining rights – now just waiting for the S.A. Government to approve their rights to mine. - Platinum demand is growing despite slowdown in china. World is selling more cars, which equals more platinum consumed. USA recorded record car sales in 2015. Supply is now shrinking via the big three, Anglo Platinum (2,378,600 ozs), Impala Platinum (1,582,000 ozs) and Lonmin (687,372 ozs) because they have high cost structures. - It’s only time now before fundamentals begin to drive up the price of platinum. In Summary - JLP are now on track to have an 80,000 tons a month processing facility i.e. 1 million tons a year, with platinum processors that will extract 40,000 Oz’s of concentrated platinum group metals a year. - Total capital invested in both projects will be $21 million. Their 1st project is fully financed by JLP cash reserves. Their 2nd project will be bank funded to completion in 2016. - Earning potential of these 2 projects run at $12 million nett per year. That is after tax on profits. That equates to £8,000 nett profits a year. - On shares totalling 894m that gives an EPS of 0.009 and on a typical mining PE of 12 a share price on earnings only of 11p on their surface tailings only. - Tjate will be the icing on the cake as currently has no capital value assigned to JLP. Reference from JLP’s web site: hxxp://
bullster: frogkid, good point, well made. All that the three stooges post all day is:- The share price went up, the share price went down,the share price went up,the share price went down, the share price went down,the share price went up,the share price went down,the share price went up,the share price went down,the share price went up,the share price went down,the share price went up,the share price went down,the share price went up,the share price went down,the share price went up,the share price went down,the share price went up.
Jubilee Platinum share price data is direct from the London Stock Exchange
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