Share Name Share Symbol Market Type Share ISIN Share Description
Jubilee Metals LSE:JLP London Ordinary Share GB0031852162 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  +0.00p +0.00% 2.40p 164,818 08:00:00
Bid Price Offer Price High Price Low Price Open Price
2.30p 2.50p 2.40p 2.40p 2.40p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 14.14 -2.40 -0.18 26.8

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Date Time Title Posts
19/3/201908:04Mighty Oaks from Tiny Acorns (Moderated)9,438
02/1/201905:08JLP & Plat Related News & Links6
03/7/201822:29jubilee platinum charts33
13/6/201811:51Interview with Jubilee Metals1

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Jubilee Metals (JLP) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2019-03-18 16:26:472.4516,000392.00O
2019-03-18 16:09:542.45162,8593,990.05O
2019-03-18 13:34:452.335,372124.95O
2019-03-18 13:06:082.4817,445432.63O
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Jubilee Metals (JLP) Top Chat Posts

Jubilee Metals Daily Update: Jubilee Metals is listed in the Mining sector of the London Stock Exchange with ticker JLP. The last closing price for Jubilee Metals was 2.40p.
Jubilee Metals has a 4 week average price of 2.20p and a 12 week average price of 2.20p.
The 1 year high share price is 3.18p while the 1 year low share price is currently 2.03p.
There are currently 1,118,360,942 shares in issue and the average daily traded volume is 751,877 shares. The market capitalisation of Jubilee Metals is £27,399,843.08.
goldibucks: “No we are down on JSE that is a fact not just "according" to chopper” I don’t doubt Chopper’s ability to read a stock price. I do doubt his ability to report stock price movements on the JSE in a balanced way. He only tells us when it’s down. It’s going to move around because of GPB-Rand currency movements so many of the movements day to day will be spurious. The reality is the JLP share price has been stuck at 2.3p-2.4p for months now. It’s not worth reporting that a market maker has got off the bid or offer and due to the wide spread, the share price is up or down 5%.
goldibucks: “"Rhodium up $100" and the relevance of that for JLP?” Higher Hernic project earnings from Q1. More money back from PlatCro PGMs from May 2019. DCM PGM tailings worth more. You’re investing in the company and it’s earnings, not the share price. Unfortunately, too many investors in small cap stocks think they are playing the share price and have no idea about forecasting the bottom line. I don’t care about the share price day to day because I know if I get the bottom line right, the share will go up eventually. When the share price goes down. 20 days until the end of Q1. Palladium and rhodium going up is going to add about £0.7m to Hernic earnings in Q1, irrespective of what’s going on at DCM and PlatCro.
timhigginson: The JM share price is suffering from the issue of too many shares into a market not yet ready to attract new buyers. This period of indigestion can only end when all loose holders get shaken out.However if the board issues a lot more shares then the share share price will continue to stagnate.This underscores the problem with Kabwe: whilst there are huge benefits if the share cap rises proportionately then the share price will not rise. I think we are all holding our breaths that we can wriggle our way forward on Kabwe so as to avoid a rights issue for at least two years. So far that is looking hopeful as the anticipated initial production targets seem to keep moving out. Initially production and positive cash flow was to start in Oct 2018 not it has moved out about 1 year. Although a strategy involving low capex has been outlined in order for Kabwe to be substantially developed, no doubt as would be wished for by the Z govt,a lot of capital is required and we do not yet know how this capital will be provided. Did Andrew Sarosi resign over the BMR involvement?
goldibucks: “the constant dillution and destruction of the share price maybe?” There were no earnings, dilution and share price destruction were inevitable. Now we have earnings with more earnings to come, a destroyed share price, and fear. JLP is a fruit machine that’s never paid out, it’s full to the brim with other people’s money, Q1, Q2 and Q3 are the reels and they are going to spin three jackpots.
goldibucks: “It's just that quarterly earnings have been rising yet the share price has been falling”. That’s because the value investors attach to what JLP might do in the future was wiped out and that was always a sizeable part of the share price. JLP have exhausted their shareholders’ patience over many years and the Kabwe license revocation was the final straw. It made them look incompetent. Dilution with no short or mid-term earnings followed by dilution with no earnings at all. And that paired with Hernic in business rescue and threatened with closure and DCM earnings destroyed. That’s how it was and why I sold at 3.6p and again at 3p. However, at 2.3p I got the Kabwe license back, BMR out of the picture, fine chrome potentially resurrecting DCM earnings, Samancor buying Hernic, and Hernic earnings up quarter-on-quarter in spite of low PGM prices. Everything has a price, nothing is black and white, losing a battle doesn’t mean you’ll lose the war. Any progress JLP make from here will need to go into the share price and the odds are heavily stacked in favour of Q1 project earnings being higher than Q4, Q2 being higher than Q1, and Q3 being higher than Q2.
goldibucks: “One whiff of bad news on Kabwe and Jubilee sinks to 1p”. There is no value in our share price for Kabwe. It’s at the same level as when the license got revoked and nobody was pricing in any value then. One whiff of good news about Kabwe and it will double. Our market cap is covered by cash in the bank, cash to come from Hernic, and £5m-£10m of option value on Tjate. Kabwe, PlatCro, and DCM all have the potential to lift the share price when delivered and if they all went belly up it would be little changed from where it is today. Samancor pulling out of the Hernic deal, Mitsubishi closing the mine, and JLP not having access to the tailings is the only downside from here. If there was bad news on Kabwe JLP will tuck it into a sh/t sandwich with early production data from PlatCro and DCM or another deal and the share price will still go up.
goldibucks: Chopper you're not thinking straight. Leon said he'd provide an update on Kabwe by the end of December. He shouldn't have said that because if no contract got signed there was going to be nothing to say to shareholders. Shareholders haven't suffered because of this slip of the tongue, the share price hasn't fallen since the end of December in the absence of Kabwe news. And just the absence of news tells us what the situation is. Negotiating with Glencore and the Zambian government is going to be a slow burner. The key thing is that the delay isn't JLP's fault, we hope, so our license should be safe and we may benefit from the two bigger players having a shared interest in getting this sorted. The delays are frustrating but that's life. Secondly, re Leon's lack of personal shareholding in JLP. If he'd wanted to put his own money in he could have put it into Braemore and not done a deal with Colin. He's the CEO of Jubilee because not putting his money in and taking his remuneration from a basic salary and the chance to make millions on share options worked for him and us. No point buying a Dachshund and complaining about it having short legs. You bought into Jubilee with this arrangement in place so no point moaning about it now. You've lost money on JLP because you didn't exit on news flow that pushed the share price down over time. Firstly, the deal for Kabwe was shares for a long term shot at significantly higher earnings. When you swap shares for something you might get in the long term, it spreads current earnings (not that there were any) across more shares and that dilution can push the share price down. Why did JLP do this deal? Because they needed a pipeline since unshared Hernic earnings won't last for long, Hernic was going through a business rescue, and DCM looked like it was going down the pan. It could have been a perfect storm, they had to do something. The first deal with BMR was done in October 2017 and the share price has gone down since then. The license revocation pushed it down by more than the license reinstatement, credibility had taken a hit. Call me paranoid but I like to think I would have called the Zambian mining ministry and asked if there were any issues I should know about in relation to BMR's Kabwe licenses. So depending on when you bought, from October 2017 until now you sat on your hands through the Kabwe deal that was always going to be dilutive, a business rescue at Hernic, the tailing off of DCM earnings into losses, a license revocation at Kabwe, a damn breach at Hernic that temporarily slowed ramp up, and all through this period platinum prices remained low and investing in South Africa was out-of-fashion. Yet in spite of this, you obsessively focus on Leon saying he was going to provide an update on Kabwe at the end of December and not doing it because there was nothing to say and the structure of his remuneration package which is unchanged for nearly a blinking decade. I don't want to be rude but I think you may be suffering from a psychosis. Behaving the way you are behaving isn't normal or healthy. Hopefully you'll get your money back on JLP and if you do, put it in a handful of funds and forget about it. I had a bad experience investing in small caps and quit individual company investing for 10 years. Fund investing was far more rewarding financially than punting on AIM stocks and a lot less stressful. Putting more than you can afford to lose in individual companies is like playing Russian Roulette. You will blow your brains out eventually, no matter how good you are.
goldibucks: “did u know that talks with platinum Australia were also at advanced levels for ages”. Yes and the same could happen with Kabwe. Trying to buy a tailings pipeline for a few million quid and turn it into a project with an NPV of tens of millions is never going to be easy. If it was BMR wouldn’t have handed over 87.5% of Kabwe for a few million in equity and cash. JLP is a risky business with little capital operating in countries that can be corrupt trying to do something that hasn’t been commercially or technically viable in the past. There is nothing in the JLP share price for Kabwe succeeding. It’s been a constant drag on the share price since it was announced. My investment case for JLP at 2.3p works without Kabwe. DCM and PlatCro will make me money. Kabwe would be the iceing on the cake. The longer Kabwe goes on, the better the deal JLP will get if it does go ahead and the better the financing deal will be in terms in minimising dilution because they will have more cash and cash flow so I’m relaxed about the timelines. If you’ve got a much higher average price than the current share price, I appreciate you are going to be much more focused on Kabwe as a quick fix and escape route but for me it’s a nice-to-have. I’m confident the quarterlies will keep improving and slowly increase the share price irrespective of Kabwe.
alwaysevolving: How long before the ever increasing Palladium price reflects in the JLP share price? It has to as some point surly?
tim117: Although the fine chrome process cannot be patented we ought to have registered design protection. The scale of the benefit to chrome miners should be easily quantified and therefore the value of the process monetised and potentially sold to a metals royalty firm. For us it would be a bit like sale and leaseback and would reduce the future earnings but give us immediate cash. How much? Given that the process applies to all chrome miners everywhere the value could be as high as our current market cap. It is wrong to say that there is no hurry with Kabwe as the Govt could withdraw the licence which Glencore might then pick up. JM needs to ensure that no further share issues are need and let the share price rise to a much more representative value of the company today. Once the share price has reached a properly descriptive level then further share issues can be used. In Dec 2017 at the AGM Colin felt that the forward P/E would be 2 when the share price was 4 which share price he felt did not reflect the proper value of JM.On that reckoning the P/E today would be 1 !!! A little time is needed to let the current projects mature and let the market reprice in view of the progress being made. More haste less speed.
Jubilee Metals share price data is direct from the London Stock Exchange
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