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JLP Jubilee Metals

4.15
0.00 (0.00%)
31 Jan 2025 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Jubilee Metals JLP London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 4.15 08:00:05
Open Price Low Price High Price Close Price Previous Close
4.20 4.15 4.20 4.15 4.15
more quote information »
Industry Sector
MINING

Jubilee Metals JLP Dividends History

No dividends issued between 01 Feb 2015 and 01 Feb 2025

Top Dividend Posts

Top Posts
Posted at 19/1/2025 13:11 by eblitz1
Petersinthemarket
Thank you very much for posting the interesting article. M&A in the big sector is very difficult and complicated as we all know. I know you have not mentioned it but for others, JLP as we all know is a tiddler and could be bought for petty cash by the big boys without even having to send out a Class 1 circular. They would not be interested in JLP. I'm not saying we wouldn't have a T/O approach as I really think we will but it would be from someone who would have a distinct plan for very quick expansion to bulk up the Company and make it a medium size business. For new people getting into the Copper or minerals space it could prove interesting. As far as ESG is concerned, as you have probably read in a lot of articles, Companies are fed up with it, they pay lip service to it however they all try their best as they don't want or need the aggravation from all the Liberals. It's a balance
Posted at 09/1/2025 19:03 by eblitz1
Shevlin
That is an interesting but kind of weird question.
Firstly, It is my unemotional theory that I am stating, it is not fact. secondly, regarding when it will happen, I have not got a clue, My theory has to be correct first of all. One must assume that the results of the tests must be back first and then the negotiating will start and then one must assume that an agreed deal would be discussed first if that it it has not already been discussed which is why the options were done. I would like to be fully transparent and say that over the last few weeks I have sold shares to put into another stock which I think is really exciting and I could get a 3 or 4 times investment back quite quickly if I wanted to hold on but as we say the best laid plans of mice and men I want to sell part of that investment to put back into JLP as I am convinced that this is going to happen. JLP need money to keep expanding and need money just to grow what they have, I feel that although they have been talking for years about using their own balance sheet to get gearing, they haven't done it, probably because it is too expensive and will probably give them more trouble down the line, so it's a bit like overtrading. I think that they are in a corner and the only way out is some type of deal. be that whole or partial sale. Why did they split SA and Zambia?
Why have they not got a new FD in place as Neal went nearly 5 months ago. Why other than the last RNS which was regulatory has there been a silence even on Thuste.
I think that Ollie has probably realised that they can't go on as they are because as engineers they may be great but as far as running a fast expanding business you need other skill sets and maybe Leon has not got enough of that. There are so many things that point to some type of deal or something that I would be so surprised if it didn't happen. BUT please remember this is theory not fact
Posted at 09/1/2025 17:40 by genises
Iam also thinking the same before reading your post.
Don’t forget IRH tried to take a stake in a Zambia copper mine and failed $500 million.
Why not buy JLP and have one of the top 5 cobalt producers.
They could buy JLP for under this.
Wait and see .
I3e was walked down and then a bid acceptable to the directors was accepted at the lower end of shareholders expectations.
They can have mine at 9.5p anything less they can F off.
Posted at 03/1/2025 23:25 by highly geared
The challenge for JLP is that they have decades of Cu supply via multiple tailings and hard rock agreements but are significantly behind on getting to the 25ktpa stated production targets.

Overlaying this is the macro demand for Cu. Think weakening Chinese economy (50% global demand) and possible overstating of the “green” demand ( molten salt nuclear reactors may be the answer to greening energy and EV’s are losing their appeal as economic reality , practical limitations and safety concerns bite). The Cu price of late is stuck around $4/lb and is showing signs of weakness rather than strength.


Platinum is in the doldrums ( reduced catalytic converter demand?) with chrome continuing to do the heavy lifting for JLP.

Setting aside the macro picture on Cu price, it’s all about delivering the Cu production they said they would. The technology side is valuable but the market rightly expects JLP to deliver what they said they would several years ago.
Posted at 02/1/2025 11:14 by xow98
General rule is to never fight against the institutions. Better to buy when they are finished.

That last Cannacord TR1 on the 24th Dec was a little misleading as it showed a decrease from 9.99% to 4.964%, indicating a sale of 151m shares or circa 5%. Current holding of 149.6m. The TR1 stated the change was from last notification and I can't find where that is, but we know from the JLP website that they had the following holdings:

16th Sept...176m
29th Oct....166m
9th Dec.....164m

so the TR1 effectively showed an additional c14m of sales from 9th to 24th Dec.

As for talking your book:

Charlotte Edwards October 21, 2024 Directors Talk

Jubilee Metals Group PLC with ticker (LON:JLP) now has a potential upside of 120.8% according to Canaccord Genuity.

Canaccord Genuity set a target price of 10 GBX for the company, which when compared to the Jubilee Metals Group PLC share price of 5 GBX at opening today (21/10/2024) indicates a potential upside of 120.8%. Trading has ranged between 4 (52 week low) and 9 (52 week high) with an average of 7,883,164 shares exchanging hands daily.

Aug. 22, 2024, 02:56 AM
Canaccord Genuity analyst Tim Huff reiterated a Buy rating on Jubilee Metals Group (JLP – Research Report) today and set a price target of p10.00. The company’s shares closed yesterday at p5.70.
Posted at 20/12/2024 11:34 by sb
Agree that TW's is a schizophrenic reaction to the update. You have to remember that he has an agenda because of his N50 "tipsheet" (he would challenge that term) which costs £31/mth in which he has heavily recommended JLP for a long time. Plainly he needs to show a return to his punters and so has recommended they switch out of JLP as he thinks there is faster growth to be had elsewhere. As I understand it, he doesn't dispute that JLP is cheap and that it will go up as his mate Slater has said so. As a result he is choosing to hold his PERSONAL stock for the time being. People like him naturally have to justify why they recommend what they do. When you look behind the rationale offered there is always an agenda that is obfuscated by the "sage" opinion. Given that LC has suggested that we could be producing 25Kt of Copper in next financial year the "view" may turn out to be rather short-sighted. By the end of THIS financial year our revenue is quite possibly going to be larger than our market cap.
Posted at 27/11/2024 15:36 by robers98
The waste rock material of 350 million tonnes is owned by Jlp. IRH are only involved to provide capital.
Now that Jlp has solved the processing the more we can run through Roan the better.
We will find a different funder or will be able to progress without anyone else the longer it takes. The % is coming more into the favour of Jlp the longer it takes.
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/False - True.The revenue according to my model would be £196m and the market cap is £163m. So we could quibble whether 20% more "significantly" higher? We could quibble also whether the ratio of Price to Sales is a relevant ratio to be using to value a miner? I'm struggling to think so. But a forecast of £196m revenue is factually higher than the market price.But the Interviewer then says: "Within a few months you're going to be on an earnings ratio of less than 1"Coetzer replies "What the numbers show exactly that fact"True/False - False.If it were true JLP would be a screaming bargain! £163m of post tax earnings would afford a huge dividend, would generate vast piles of cash, and JLP would easily have a valuation above a billion pounds.According to my model and based on the FY2025 guidance from JLP earnings are estimated by the OB to be $29.5m. So either the share price would need to drop by over 82% from Friday's 5.2p a share to be at a P/E below 1 (let's hope not, eh?) or the price of Copper, PGMs and Chrome would need to substantially rise for JLP to be on a P/E of below 1, based on the FY25 guidance.Here's my model based on the guidance numbers. Arguably the PGM basket could move above a $1400 an ounce average during FY25 (currently they are at circa $1450/oz)Net Profit $29.5m is not a P/E of 1 :(But what my model does show is a £22.3m net profit and a P/E of 7.3 for FY25. That's at the lowest band of copper guidance. Not being cynical but I'm going with the lower number.Ok, ok, let's consider the higher guidance number. At the higher 7,500 tonnes guidance the P/E drops to circa 6.2 on an estimated £26m net profit. That's based on a $7,700 average copper price. Whether a higher copper price than about 20% below the "normal" world price (currently $9,500 a tonne) could be possible isn't entirely clear either.Do I believe the JLP share price will drop 82%? No, I think it was a bit of high spirits and/or a mistake by the interviewer to both propose the earnings could be that, but also for Coetzer to agree with the interviewer. They might need to edit that bit out once the NOMAD realises what was said.So what do I think?Copper ProductionWhilst the delay in increasing copper production is a little frustrating, it is now growing closer.The bit which impressed me was this:"The integrated Roan facility targets an initial stable feed rate of 75 000 tpm of material over the first three quarters of operation, with the potential to increase to a feed rate of 90 000 tpm thereafter. An initial copper recovery of 55% copper in feed is targeted before the introduction of leaching at Roan which is expected to increase copper recoveries to in excess of 70%. This translates to an initial copper unit production from Roan, prior to leaching, of approximately 520 tpm of copper with the potential to increase to 670 tpm assuming the lower feed rate of 75 000 tpm is maintained."Hidden in the numbers it what I think is significant news around the measures being taken to improve the recovery of the ore. Assuming "in excess of 70%" only means 70% then we are talking about a >20% improvement through scale up at Roan and another >20% improvement through improved recovery via Leaching.Roan - here's how that translates:This translates to a 9.5kt-13kt production at Roan from July 2025 depending on grade. The piece which made me sit up and listen was Coetzer speaking on Chingola. The same principle (and technological approach) at Roan would apply to Chingola.Chingola - the Waste Rock projectAssuming all parties reach agreement IRH would be fronting the capital cost for the JV (estimated at $50m), but applying the same method and assuming "above 1.5%" is 1.54% and assuming 24kt from a Roan v2 plant, at a $4,000 cost per tonne equates to a $3,750 per tonne margin. That equals $27m per annum net to JLP.SableNone of the above includes the expanded Sable at 16 000tpa (from 1Q26 - July 2026).We don't precisely know the cost of production at Munkoyo and Project G although I suspect with 3%-4% grades there must be some level of cost economies compared to the FY24 (current) $5,200 per tonne cost of production.How does it all set up for FY26?Assuming Sable "in the next 12 months" comes to passAnnual Report FY2024 - as at June 2024Assuming Roan is operating at 4.5Kt per half year. (9Kt a year)Assuming an $11,000 per tonne copper priceAssuming cost of production drops by around 10% through higher grade processing and higher recoveryAssuming the 30% share of Chingola Waste Rock begins 2H26 so 24Kt for 6 months at 30% share is 3,600 tonnes equivalent.Assuming PGM prices have recovered to a $1,700 basket price.Assuming Chrome prices have fallen but remain at an elevated $90 tonne (for 40% concentrate)Assuming Chrome is now 2.2Mt; PGM production is back to 40Kozs.Obviously quite a lot of assumptions! But all are conceivable and perhaps some could be exceeded as much as undershot so it's not an altogether unrealistic scenario.We do see an Price to EBITDA of just over 1 in that scenario!The P/E meanwhile is 1.8. This would imply a 3X upside minimum to today's share price.So for the patient, JLP may well get its days in the sun. I'm actually quite optimistic to that potential future.Longer term the expansion and scale of handling the vast waste rock of Zambia and beyond almost guarantees a long-term growing trade.But the piece which excites me and which is nowhere in the price is what value can JLP derive from their know how. What know how? JLP have achieved a couple of things no one else appears to have done:First, a successful extraction of metal from waste disregarded as "impossible".Second, a modularisation to scale and concentrate that ore/waste. Success across more than one metal.Third, the build out of a cash-generative operation which appears on the cusp of moving from investment to harvest, and where the future growth lies in scaling in partnership with the likes of IRH having proved the concept of - and profitably proved -RegardsThe Oak BlokeMicro cap and Nano cap holdings might have a higher risk and higher volatility than companies that are traditionally defined as "blue chip"??
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 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?