Jubilee Metals Share Discussion Threads

[plat hunter] 27/10/2020 10:41

I was thinking that it's more of a bullish sign that miners are finally spending.Plant machinery returns a yield before a mine does and books losses before a mine does.

[frogkid] 27/10/2020 10:39

Hopefully they will able to crysallisise their losses Platty !

[plat hunter] 27/10/2020 10:37

Caterpillar beats earnings expectations

[1madmarky] 27/10/2020 10:26

Should be bonus season for the next 18 months if Leon continues to deliver

[deme1] 27/10/2020 09:05

Gonna chuck another £15k in this tomorrow.
Bonus season:)

[kennyp52] 27/10/2020 08:52

Hits 7p then quickly on to 8.5p ... rest ...then up to double figures .IMHO.

[lostabillion] 27/10/2020 06:30

Jubilee Metals
Robust, cash-generative production from mining waste
Jubilee operates several chrome-Platinum Group Metal (PGM) operations in South Africa and is constructing a zinc-lead (vanadium) plant at Kabwe in Zambia after already commissioning the copper and cobalt circuits (the ‘Sable’ refinery). The company has a growth pipeline identified and significant opportunities to find new projects in Africa (or globally); more specifically, Jubilee announced that it is looking to increase its copper (cobalt) production in Zambia aggressively to make full use of the Sable Refinery. Jubilee also owns the Tjate PGM project in South Africa, which is currently on hold. The company model is to treat its own waste materials and to supplement these with third party ores and wastes where possible. This year has been nothing if not eventful for Jubilee, but further progress and material catalysts are expected over the course of 2020. Jubilee has a high-margin business with cash on hand, and we see plenty of opportunities for Jubilee to capitalise on its robust business model through the global Covid-19 crisis and beyond. We initiate with a fair value of 11.2p/sh
What is Jubilee Metals? Jubilee operates and holds rights at three sites in South Africa for the production of chromite and PGMs: Dilokong, Inyoni and Windsor. It also owns the Sable Refinery in Zambia adjacent to the Kabwe tailings where a full copper circuit has been commissioned already producing ‘A’ grade copper cathode as well as some cobalt. Recent plans are for an aggressive copper production growth plan. There are also plans to produce zinc-lead-vanadium from the Kabwe tailings in the future.
Jubilee provides exposure to low-cost PGM, chrome and copper production, with future exposure to zinc-lead (vanadium). Jubilee has a low-cost, high-margin business that capitalises on Jubilee’s experienced, technical management team which has developed innovative processing techniques to generate cash from (mainly) the waste material produced as part of the mining cycle; “the Jubilee Way”. We see Jubilee as a very cash- generative business.
Momentum Jubilee has seemingly swept aside the Covid crisis and continues to grow - revenues, profit and cash. Commissioning Windsor in the second half of 2019 led to the growth in the last interim results, and we expect further growth in the second half of the year as full exposure to Windsor comes through in the numbers. There will also be an initial contribution from Sable in Zambia with a significant increase in copper and cobalt production expected next year.
Growth Jubilee is on a compelling growth trajectory. Firstly, we see growth from organic projects (e.g. transfer of fine-chrome technology from Dilokong to its other sites) and the installation of a zinc-lead (vanadium) circuit (in stages at Kabwe); not to forget (or underestimate) the impact of the aggressive expansion for copper production in Zambia. This is all before any business opportunities that might arise post Covid-19 in South Africa.
Critical metals, prices for PGMs still high, copper rebounding The price of PGMs, although volatile, is still high. Jubilee has an operating cost of $550/oz PGM (4E) and with current spot prices generating a net basket price of ~$1200/oz this is a high-margin, cash- generative business. In Zambia, we anticipate a gross margin of $2m for each 1kt copper produced – a margin which we expect to improve as production increases.
WHI View Jubilee is a high margin business with a growing production profile in a high- price environment with further growth projects and an experienced management team distinguishing, in our opinion, Jubilee from many companies in the sector. We initiate with a fair value of 11.2p/sh based on a forward looking cash flow analysis suitably risked for stage.
WH Ireland Limited, 24 Martin Lane, London.

[the bull] 26/10/2020 23:04

Losta, you did admit to selling some a few months back, I was shocked to the core

[frogkid] 26/10/2020 17:35

Nice bit of volume, might break 7p this week. Flippin eck

[pshevlin] 26/10/2020 17:07

Well you have to say the optimistic attitude has paid off up to now.

[plat hunter] 26/10/2020 16:57

Depends how many times it's leveraged Ade

[alwaysevolving] 26/10/2020 16:41

I do genuinely admire your unwavering optimism Losta.

[lostabillion] 26/10/2020 16:32

Adejuk, I’m not or at least not until the share price hits 40p.

[adejuk] 26/10/2020 16:31

the pressure is on.
which way will it break?
i'm betting on further rises for at least 2 years

[adejuk] 26/10/2020 16:29

losta
when are you going to stopslice?

[adejuk] 26/10/2020 16:29

7p bid by friday

[lostabillion] 26/10/2020 16:25

8p tomorrow without results.

[adejuk] 26/10/2020 16:23

3.75 mill short
i hold nearly that much

[plat hunter] 26/10/2020 15:27

Do you have a problem with that Deme?

[deme1] 26/10/2020 15:23

Still here plat

[plat hunter] 26/10/2020 15:21

'Northern Trust securities lending' is a short nominee btw

[trinitypete] 26/10/2020 15:14

1000000 just gone through 6.9 delayed buy?

[mikro1] 26/10/2020 15:10

I sold out in July to buy other things - did okay on those but missed the rise here completely .. back in here now

[bullster] 26/10/2020 15:10

.
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Banque Cantonale de Genève(Private Banking) increase their holding by 11.45 million shares between 2nd June to 2nd October 2020.
They now hold 39.7 million shares.

Northern Trust Global Investments Ltd. (Securities Lending) buy initial 3.75 million shares on 2nd October 2020





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