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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Jubilee Metals | JLP | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -0.05 | -0.93% | 5.30 | 08:08:25 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 5.35 | 5.30 | 5.35 | 5.35 |
| Industry Sector |
|---|
| MINING |
| Top Posts |
|---|
Posted at 13/11/2024 17:36 by timhigginson12 Hi Oak Bloke,Please explain your Chingola calculations a bit more fully. The capital cost is put at $50m. Does this include the $30m JLP are paying for the site. JLP is paying quarterly but will the ownership pass into the JV. If so then it leaves $20m for other equipment. A large concentrator costs $6m but ordered in bulk might bring the price down to $5m. Roan is supposed to produce 7kt p.a.It is the concentrator arithmetic that puzzles me. If a concentrator processes 600kt p.a. with a cu content of 1.5% the output would contain 9kt of Cu. Even if the price per contained output were to be $2000 this would yield $18m which looks ridiculous: probably a decimal point in the wrong place. According to CAML leaching gives a cost per ton of $2000. |
Posted at 10/11/2024 19:31 by the_isolator inspiring interview with Leon Coetzer today but listen carefully to the words:Interviewer "Your revenue will be significantly higher than your market price"Coetzer replies "Yes absolutely"True/Fals |
Posted at 10/11/2024 19:30 by kooba Interesting read from The Oak BlokeIs JLP today on a P/E of 1?It would be a Jubilee for Jubilee to have such a low P/Ehttps://theoakblo |
Posted at 10/11/2024 09:24 by frogkid During the early part of 2020 when the whole world was busy worrying about a stupid man (chinese) made virus and the world was coming to an end the price if JLP dropped to around 2p. At that time I loaded up significantly, much the same as I did around 10 years ago in the 1s and 2s, when the market cap was around 11 million! It has been a very exciting and sometimes very nervous ride ever since. My holdings have varied over this period. I first bought JLP around 18-20 years ago, can't recall exactly when. I invested for Tjate back then and awaited the granting of the Tjate licence with great excitement. The rest is history. I have traded JLP over the years, occasionally taking profit on a large percentage of my holding. During this last couple of decades I have held many other shares but I keep turning full circle to JLP. I cannot find a more exciting and potentially game changing investment out there although I am sure there are. I have been furiously critical of the management at times but am finally at the point where I feel this as derisked as it can be , given its geographical location. Last week I added a chunk which has taken me to my largest position ever and JLP is now my only stock holding in my portfolio apart from a punt on LND for fun. Everything else is in cash, funds, physical metals and my businesses. All things being equal i expect to do very well over the next 2 years. Barring WW3!This is why I get fed up with getting sniped at and react accordingly. All the best folksFrog |
Posted at 08/11/2024 11:56 by 888icb Simon Thompson on 8th OctoberI think it is worth revisiting the conclusion to Simon Thomason’s article on 8th October: “ Production ramp-up to drive materially higher profits So, with diversification of Jubilee’s revenue improving its risk profile, and its chrome and copper operations an increasingly important part of the group, analysts at house broker Zeus Capital anticipate a material change in this year’s profitability, forecasting a doubling of cash profit to $54mn on 27 per cent higher revenue of $260mn. On this basis, both adjusted pre-tax profit and earnings per share (EPS) would rise fivefold to $41.5mn and 1p, respectively, at current exchange rates. Of course, there is execution risk and we have been here before, hence why Jubilee’s share price rallied 68 per cent from 5.3p to 8.9p after I suggested buying the shares at the interim results before giving back the gains, and more (‘Lowly rated Jubilee Mining set to ramp up production and profits’, 26 February 2024). However, with shares in the £140mn market capitalisation company trading on a forward price/earnings (PE) ratio of 4.7 and on less than three times forecast cash profit to enterprise valuation, then the anticipated step change in profit driven by organic growth initiatives is being woefully under-rated, as highlighted by the deep share price discount to Zeus Capital’s 11p-a-share target price. Buy.” An important reminder of how JLP rallied 68% earlier this year from our current share price of 5.2p to 8.9p. JLP is clearly in a better place now than it was then as confirmed by yesterday’s RNS. The seller appears to have gone so we should see a similar sustained rise as we still need 100% to get to the broker target. |
Posted at 27/10/2024 18:57 by chozza I guess, like some others on this board, I am recently retired and largely planning to live off the interest and dividends of the savings and investments I have made over the last 50 years.According to Labour I am not a "worker", despite having worked for 50 years. As a non worker (they promised to not raise tax on working people)I think I am in the firing line for a big whack, problem is I don't yet know where it will hit. CGT, IHT, tax on dividends, "unearned income", whatever that is. For a retired person, you have no opportunity to earn additional income, you have what you have and must manage it as best you can. Very nervous about Wednesday and hope that JLP will make me (and us, naturally) sufficient money to make worries about the above irrelevant. GLA, Cheers, Chozza |
Posted at 11/10/2024 11:15 by pshevlin Of course peter.Trouble is I have had an ISA for 25 years and most of my JLP shares are in it but since my move to Germany they tax it over here. Ergo I try not to trade it and if JLP makes me hundreds of thousands I will move back to my house in the UK for one tax year and flog the lot before buying it back again instantly. Am I a bad person? |
Posted at 09/10/2024 10:12 by highly geared Due to JLP being 2 years behind where the market thought it would be in terms of reaching the 25ktpa copper production, I think JLP will need to demonstrate tangible progress and actual production numbers, along with some financial meters around how production is positively affecting earnings.Chrome is steady state and the current anchor. The variables remain commodities prices, but JLP need to deliver in the areas under their control. I think we will see the share price improve over the medium term but the next few months may be grinding sideways. |
Posted at 30/8/2024 08:09 by xow98 Charles ArcherI directly asked about shareholder returns in the interview, and the general takeaway was that the priority order is to: 1. Secure raw copper supply 2. Upgrade Roan further 3. Purchase additional processing power (I suggested Chambishi and Leon agreed synergies there) From Leon's perspective (and I concur), now JLP has demonstrated that low grade material can be economically processed, multiple operators are going to try to elbow their way in - so securing supply as fast as possible is business critical. This is especially true because at present, only JLP has the capacity to process low grade ore, so sellers have only one buyer - and will take payment in shares. I suspect you will see dilution, but to buy up more assets, so will be worthwhile. Something major I touched on is Konkola, the IRH waste copper project is adjacent to the Konkola project (largest in Zambia and just retaken by Vedanta), so strongly suspect a deal is in the making there as needs $1 billion in investment and has a major problem with tailings that JLP can help out with. I also think Anglo may be coming to help out too, so could get very interesting very quickly. |
Posted at 29/8/2024 05:01 by undertaker Credit 'PizzaGate' over on the other Asylum BB!.....Persistent seller - FIDELITY!Today 05:37 Rumour on Telegram that Fidelity Funds is the background seller of JLP. JLP is held by the following Fidelity Fund: "Fidelity Investment Funds - Emerging Europe Middle East and Africa Fund A - ACC Shares" In google search type: "Fidelity Investment Funds liquidating" The AI Overview produces the following.... AI Overview Learn more … As of March 6, 2024, Fidelity's Total Emerging Markets Fund has a plan of liquidation approved by its Board of Trustees. The fund will no longer pursue its investment objective. Liquidation involves selling a fund's assets and distributing the proceeds to its shareholders. This can sometimes force shareholders to sell at a time of their choosing. Here are some other Fidelity funds that have been involved in liquidations or other changes: Fidelity Funds - Emerging Europe, Middle East and Africa Fund In June 2024, Fidelity announced that it would pay a capital distribution to investors on July 17, 2024. The fund also stated that it would continue to review opportunities to sell assets to return value to investors. Investment Trust In July 2024, Fidelity announced that it would restrict new investments into the Investment Trust in the best interests of its customers. However, customers will still be able to redeem their existing holdings by selling to cash or switching to other investments. Jun/Jul is when the decline in the JLP price started. Therefore Fidelity is liquidating its fund and JLP happens to be one of its components..... nothing to do with any doubts about JLP! Question now is are Fidelity nearly done? |
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