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JLP Jubilee Metals Group Plc

7.05
0.05 (0.71%)
Last Updated: 09:29:53
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Jubilee Metals Group Plc 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
  0.05 0.71% 7.05 7.00 7.10 7.05 6.90 7.00 2,058,331 09:29:53
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Miscellaneous Metal Ores,nec 141.93M 12.91M 0.0047 15.00 193.04M
Jubilee Metals Group Plc is listed in the Miscellaneous Metal Ores sector of the London Stock Exchange with ticker JLP. The last closing price for Jubilee Metals was 7p. Over the last year, Jubilee Metals shares have traded in a share price range of 4.65p to 9.05p.

Jubilee Metals currently has 2,738,130,000 shares in issue. The market capitalisation of Jubilee Metals is £193.04 million. Jubilee Metals has a price to earnings ratio (PE ratio) of 15.00.

Jubilee Metals Share Discussion Threads

Showing 46851 to 46875 of 91475 messages
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DateSubjectAuthorDiscuss
28/1/2020
14:09
Looks pretty muted to me pal
frogkid
28/1/2020
14:06
Plat is happy because the share price is 100% up

He just forgot to mention it was about 95% down to start with


LOLsss

kryptonsnake
28/1/2020
14:04
Hi All
Am I right in saying that JLP can only show profit figures per month when the actual PGM's or Chrome are sold, this may be the reason for the lower figures today although seeing as last year they only made £2million if you take away the £5million of added right backs todays RNS seems OK, however we need more than OK to get the share price moving and we must lose the weak holders

eblitz1
28/1/2020
14:03
Last year we had the hit with lower January production, maybe they went with sorting stuff out in December with the xmas break. So this time Jan'20 numbers will be substantially better than Jan'19. Along with the higher pgm basket price as well.
robers98
28/1/2020
13:57
billyboy

Placing RNS

"Our earnings growth for the first three months of the current financial year is showing significant progress, driven, in part, by the implementation of our Windsor PGM project in late August which is already outperforming our set targets, exceeding 5 000 PGM ounces produced for the month of September alone. We expect to continue on this growth trajectory with the further addition of our chrome and PGM rights at Inyoni and the roll-out of our fine chrome solution which precedes our Zambian based Kabwe project."

and from the FY commentary:

"This jump in earnings reflects only one full month of production at the Windsor PGM Operations, which commenced operations in late August 2019 and exceeded expectations by delivering 5 337 PGM ounces for the month of September 2019 alone, which is more than double that of the PGM ounces produced from the Inyoni Operations"

EDIT... and today's RNS

"The Group's second PGM project, Windsor PGM Operations, came into operation during August 2019 reaching stable production exceeding 5 000 PGM ounces produced for the month of November 2019 alone."

Agree, from placing RNS & FY results gives the impression that Windsor alone is producing 5000 oz PGM alone. I think the above caught many out (including me) hence the over optimistic earnings predictions for PGMs.

Certainly looks like the 3 quotes above conflict with 21k oz H1 PGM production.

sleveen
28/1/2020
13:56
"The Inyoni team delivered an exceptional performance, completing the recapitalisation of the feed systems over the December period to allow the operation to ramp-up the feed targeting 50 000 tonnes per month."

I suppose this had its effect.

mikebolle1
28/1/2020
13:52
The best we can hope for is if it gets caught up in a sector rally which may well be on the way either this week or next. The metals may lead and it was no coincidence that last weeks wee surge took place at the same time as plat broke $1000oz.
boris cobaka
28/1/2020
13:43
Did they not say that they had changed the feed process at Inyani. That would have impacted nov at the minimum.
1madmarky
28/1/2020
13:41
Obfuscation. Not very midcap.
And peeps wonder why the share price lags.
It's either deliberately misleading or a failure to comprehend the numbers. Whichever it is it's rather poor and underlines the issue once more with regard to communication.
That's why no whoosh and combined with the penchant for paper we'll likely just see a steady plod and sadly it'll not likely reach the hype-tastic numbers from some of the stale bulls.

boris cobaka
28/1/2020
13:29
Never had you down for a rag 'n bone man Bully :-)
ginko3
28/1/2020
13:26
the printing presses are running
a bit more or a bit less won't matter much in a year

adejuk
28/1/2020
13:20
Hopefully some of you had a peep
bspgamer
28/1/2020
13:09
.
.

billyboy2fromiii,

Give me a hour as i'm busy with my horses.

But i think you are on the right track.

p.s. i will get back to the SLP poster, also.

.
.

bullster
28/1/2020
12:59
.
.

tim000,

Look at the cost to produce figure, that will answer your question.

The $544(2) indicates for 2 operations, see how it has increased from Inyani alone. this reflects the share.

Work on 85/15 split and you won't be far out.

.
.

bullster
28/1/2020
12:56
Bullster,

If you read the 14th Nov RNS again (very carefully), it would appear that TOTAL PGM was 5,000 and NOT Windsor pgm. I wonder if Nov is actually 5,000 in TOTAL PGM. If that is correct, is still leaves just over 2,000 PGM from Windsor for combined Oct and Dec. The figures do not add up unless production at Inyoni is (well) below 2,250 per month

BB2.

billyboy2fromiii
28/1/2020
12:52
Platt "Watch JSE today" Yep, we're watching, its 82 cents and highly unlikely to reach your 90 cents, in the near future. Sounds like another "5p by Friday" to me. Lets see.
aceshi
28/1/2020
12:49
GEO seems to be moving well large volume for once
bspgamer
28/1/2020
12:48
.
.
billyboy2fromiii,

I did the math as you did, something aint what it seems.

Over 5,000 ounces for the month of September alone, was quoted in an earlier rns.
Now we see over 5,000 for November alone, i think they only managed it for one month, which would fit better into our calcs.

Leon has a habit of headlining a period to mislead us punters.

.
.

bullster
28/1/2020
12:29
Hi Metis,

Because, the figures do not seem to add up.... assuming 2,250 per month for Inyoni gives 13,500 for six months. If you add in 5,000 for Windsor alone for Nov that makes 18,500. We have already been told that Sept was in excess of 5,000 (which I originally thought was again for Windsor, alone but now assume it must be combined)that takes us over the stated 21,082 for the six months and we have not added any Windsor PGM for Oct and Dec. These figures do not add up to me. Assuming 13,500 for Inyoni, there is only 7,582 for Windsor for Sept, Oct Nov and Dec combined!!!!

Thoughts anyone???

Regards, BB2.

billyboy2fromiii
28/1/2020
12:28
I'm a JMG shareholder, who hasn't posted before. As I understand it, Windsor is a JV with Eland. I suspect that the hitherto announced September production figure of 5337 ozs PGMs was just for Windsor, but prior to the production/profits share distribution to Eland. The precise shares of JMG and Eland are unknown, but the JMG production figures for H2 2019 suggest maybe 50/50? I agree there is a confused picture here and it would be worth seeking further information from the company or its advisors.
tim000
28/1/2020
12:18
Thanks to those posting information ; to those just here to bad mouth the share .. grow up . Good job we do have the PGMs which in terms of profitability should dwarf the chrome issue ? Be nice to have some figures alongside these releases but the company have chosen to avoid doing too many of these which is disappointing in such a critical time for the company . I am assuming , and it seems some more informed guys on here are confirming this , that the production is not up to expectation or is certainly not exceeding it , and the opportunity has come again for investors to have a wobble . Its a frustrating share that goes without saying but the forecasts and the amounts coming into production with improved profit share , etc. ---- I'd love to see a 12 months projection . Still holding with confidence .
kennyp52
28/1/2020
12:17
billyboy

why do you, for November "assume that this means that TOTAL COMBINED PGM from Inyoni AND Windsor was 5,000 oz."

when the in the RNS it was stated that

"The Group's second PGM project, Windsor PGM Operations, came into operation during August 2019 reaching stable production exceeding 5 000 PGM ounces produced for the month of November 2019 alone."

metis20
28/1/2020
12:15
Bullster,

You comments earlir seem to suggest that you were thinking (like me) that Windsor had produced 5,000 PGM oz in September alone. Please read my earlier post and comment. Windsor cannot have produced 5,000 oz in Sept otherwise the total 21,082 six months production figure do not add up!!!

Can you please explain your earlier Jan 2000 to June 2000 projection of $50,400 earnings.

BB2

billyboy2fromiii
28/1/2020
12:14
Market reaction to results astounds me. What were people hoping for that they have decided to sell, sell, selll.
Would love to know how many of the current sellers are those who took part in Colin's last fundraising. Did they just decide to pocket the small profit and wait for the next confetti shower to get back in?

alpal2
28/1/2020
12:07
Bullster - is there any info anywhere about the make up of the PGM basket? -

in particular the percentages of the PGM basket that are Pt Pd Rh?

I am in SLP, where that info is available.

I estimate an AVERAGE increase in gross basket price for SLP so far this month of cUSD500 due to rise in Pt, Pd, Rh. That is mainly due to the very large increase in the price of Rh this month.

metis20
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