Jubilee Metals Share Discussion Threads

[adejuk] 21/2/2021 15:25

plat
i hope you are right

[platinumfinger] 21/2/2021 13:30

with this continuing rise in metals / basket price etc, should we not be increasing the forecasts for JLP's FY June 2021 and beyond into the 2021 /22 financial year?. Just seems to be going up and up an up.

Also,aside from all the ongoing newsflow to come, when can we expect in depth, accurate professional Broker notes from WHI and Shard?. Do these people actually know what they are doing??. Not sure they do in terms of getting JLP's numbers right / accurate.

Roan news this week surely?. I would expect further decent rises in JLP share price this week. Towards 18p / 20p imo. I do think their growth has been / is being vastly understated by the market, not least of which with the metals boom we are in.

good luck all for another very exciting week ahead.

[deme1] 21/2/2021 12:51

A platinum price of 3000 not out of the question in the future.

[bullster] 21/2/2021 12:41

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I thought it would be worth drawing attention to the chart that "someuwin" posted on the SLP thread.

Although the really big deficit is a couple of years away, i am quite sure the market will begin to reposition itself in advance, with the relative industries begining to pre-stockpile to offset future price rises and shortages.










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[bullster] 21/2/2021 12:16

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The BBI held up well in Fridays late metals trading to end the week at $3,452 per ounce.
The trend suggests a closing BBI for February of between $3,500-$3.600, which should mean further gains for Jubilee Metals in the coming week.

All eyes on the Asia metal market when it opens at 11.00pm gmt, this evening .

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[bullster] 21/2/2021 11:57

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Cobalt up 40% in last 8 weeks.

Elecric vehicle charging rate and range, puts focus back on cobalt, not forgetting nickel.



Jubilee will not produce cobalt metal, rather the sulphate salt/crystal form, creating a more flexible and lucrative product for a diversified marketplace.



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[gsg] 21/2/2021 11:20

So both Goldman and Citi reckon copper will go to $10k/t.




Vedanta warns off KCM asset pickers as Zambia’s provisional liquidator proceeds with split
By David McKay -February 17, 2021


VEDANTA Resources has warned potential buyers of assets held in its 85%-owned Konkola Copper Mines (KCM) that any corporate activity would be “deemed inappropriate”, and that it would seek to protect its interests in Zambia and internationally.

The Indian firm’s comments come as the provisional liquidator, appointed by the Zambian government, progresses a plan to split the assets – consisting of mining and processing facilities – ahead of selling them to third parties.

The Zambian government has, through its ZCCM-Investments Holdings (ZCCM-IH) company, forbidden Vedanta access to KCM’s assets arguing that the group failed to meet investment promises. Vedanta has contested the matter in the Zambian and South African courts. ZCCM-IH has a 15% stake in KCM.


A recent Zambian High Court ruling found that the provisional liquidator should honour KCM’s shareholders’ agreement allowing for disputes to be settled out of court. However, the Zambian court did not remove the provisional liquidator.

Said Vedanta Resources group CEO, Sunil Duggal, in a statement today: “KCM remains an important asset to Vedanta and Zambia and its impending split is both highly concerning and not in line with due legal process”.

“The investment community must remain conscious that any investment in a potentially split asset will be deemed inappropriate,” he added.

Vedanta argues that KCM’s mining and processing facilities were best operated as an integrated structure. It said it was its belief that “… that a split of the assets will inevitably result in a substantial loss of revenue for the Zambian state and its people, as well as the long-term erosion of the individual assets’ value”.

Vedanta has promised to invest $1.5bn in KCM’s assets.

The action comes as the copper price scales fresh heights approaching $8,500/t, its highest level for more than eight years, and amid optimism its price could eventually move higher.

Investment bankers, Goldman Sachs and Citi, recently doubled down on their bull calls for the copper market, raising their 12-month price target to $10,000 per ton. Goldman Sachs warned that copper may be heading for a period of “scarcity pricing” as it was an integral metal in global decarbonisation.

[the skipper] 21/2/2021 00:06

I’ve been having a look at the share price performance of the major miners over the weekend and the ones which seem to be leading the field are those focussing particularly on copper i.e Antofagasta and Vedanta. If you look at their recent charts the pattern is very similar to JLP, so I think it’s the imminent cranking up of copper production which is driving the recent share price growth here rather than any speculation about a bid for Tjate. As ever that remains the ‘Brucie bonus’ imo and there is nothing in the share price for it.

Whilst copper and PGM group metals continue to prosper so will JLP, but there are several advantages it has over the majors, in its ability to bring new projects on stream much more quickly, its secret recipes for tailings treatment, less country risk than ANTO and VED, and commodity diversity with expansion into lead, zinc, and possibly nickel tailings. Oh...and the possibility of significant recovery in chrome prices, which could provide protection in the event of pullbacks in the prices of the other metals it is (or will shortly)be producing.

To conclude I don’t think we need any speculation about a sale of Tjate to ramp up or justify the share price, but should a deal be done it will of course be a welcome bonus for investors, particularly if JLP get to process the tailings.

[the bull] 20/2/2021 19:38

I hope there are enough of us big holders to influence the BOD to repel any opportunistic bid. Sadly, we thought someone holding some 30M would have been part of that but it turned out to be jackanorry

[the bull] 20/2/2021 19:35

Agree deme, we were stuck around 5-6p for what seemed like ages despite some compelling forecasts and interviews with crux amongst others. Now we at least close to fair value? I think 2021 could see some bid for JLP and my guess was also 30pish. I think we are going to climb to that level over the next 6 months. I would need to see a bid right now of 50p to accept it

[platinumfinger] 20/2/2021 18:58

Cheers for those recs folks.

[3ootuk] 20/2/2021 18:22

O/T PF Afritin in Namibia is a producing play on tin, with possible tantalum soon, and lithium later.
More speculative would be copper mines in Cyprus with Chesterfield Resources, and Caerus Minerals to IPO soon.

[mikebolle1] 20/2/2021 15:30

What about Pan Africa Resources (PAF on London)? They own a few high-margin operations, including gold tailings retreatment. Only down-side is that all their operations are in SA.

[scrappycat] 20/2/2021 15:07

Totally disagree on Kefi. The Saudi Arabian assets, by themselves, offer WORLD CLASS potential. The risk/reward ratio is, IMHO, very low. The Saudis, in particular, are very keen to diversify from oil, and Kefi is ideally placed to take advantage of that.

P.S . Edit. The CEO of Kefi has, very recently, assured the market that he is confident the funding issue will be resolved in March. A multi bagger of significant proportion will surely result

[memexx] 20/2/2021 14:58

PF - KEFI nay drive you crazy. Pure tedium waiting for the financing. Plenty of other better opportunities out there IMHO.

I know many here are only looking at UK stocks which is unfortunate as PM sector in US looks about as beaten up as it can get - outside a crash scenario. Also TSX has the best Silver plays.

[king suarez] 20/2/2021 14:57

No probs. I have been in the first 3 producers for several years and there is loads I could say, but this is not the right board. In summary; MTL I bought more recently - higher risk due to the debt and smaller resource, BUT they are doing c80k oz production already so expect it will be paid off soon and then hopefully they can rocket and expand mine life. PUR I don't own, but looks good at this price due to high grade and being in Canada - big resource potential too. They are all good risk/reward for different reasons. AAZ is the lowest cost producer and 'safest' bet, with net cash in bank and dividend paying, but has poor PR and likely always remains under the radar. ALTN has the largest current defined resource, but only recently invested to get production back on track, so needs to build confidence. SRB are a bit higher cost, but are showing excellent exploration upside and have near term expansion catalysts.

I consider all those a better bet than KEFI, which I have looked at, but the risk/reward was not appealing for me.

EEE I just like at this tiny market cap based on the near surface open pit potential with decent grades. Feel you can't really go wrong at this price point.

[robers98] 20/2/2021 14:52

Just as we start to get some interest in jlp, people start to go of topic!! As usual started by losta in the jungle.
We have ii's taking jlp higher clearly they have analysts working the numbers that are available. Now I don't want a TR1 to come anytime soon as they are still a buyer.
If we end up at over 60% held with ii's going to be interesting to see the market move when news hits.

[platinumfinger] 20/2/2021 14:37

Great King, very much appreciate those comments. I'll look into all of them. Meantime JLP will be an exciting ride. I'm holding and maybe adding.

Good Luck and thanks again. Platfinger. ( an homage to Sean Connery!!)

[king suarez] 20/2/2021 13:56

My thoughts are that there are far safer/better risk/reward gold shares than KEFI in the market; AAZ, ALTN, SRB, PUR, MTL for example. All producers and some of them priced similarly to pre-production assets/explorers, which is bonkers.

For pure gold explorers there are several choices. WSBN have not yet drilled a hole and are valued twice that of EEE, also in Australia, with good near surface grades already being reported.

[platinumfinger] 20/2/2021 13:53

sorry for the non JLP topic folks, just looking for another commodities share in addition to JLP. Looking to trade / hold for say 6-12 months to ride the wave.

Any one any thoughts on KEFI & WSBN please? or any others?> Sorry for the OT. I hold 1.3m of JLP in my SIPP and a trading position. Will be holding JLP for as long as i can, 3-5 years anyway.

Commodities is the place to be going forward. So many smaller Co's are starting to mature.

[goingforarun] 20/2/2021 13:35

Deme, although I wouldn’t want to see a buyout offer come because JLP has the legs for a lot higher share price one advantage would be that it would flush out the true value a lot sooner? 50p here we come!

[deme1] 20/2/2021 12:55

I'm just glad the price has managed to rise up to 16p before we have had any official move towards JLP by a major.

Super cycle on the way, JLP Making huge profits from their set up. Plus tjate in the waiting.

I can confidently say that there would have to be a price in the range of 30p a share for anyone to take it seriously now.

That said 50p in my eyes would be more than reasonable considering this company will achieve that share price within the next 2 years IMO

[alwaysevolving] 20/2/2021 12:05

I sense there is some bad blood between BHP and JLP going back to the Leinster Nickel Australia days years ago.

Last we heard was Colins mumblings about taking them to court a few years back but it then went very quiet on that front so guess nothing came of it. As such I don’t know how willing BHP would be to jump back into bed with JLP at this juncture?

That being said business is business and as Deme said, a buy out is a whole different matter.

[lostabillion] 20/2/2021 11:06

I was a day too early buying RR but they’ll be good for a very decent £1.30 plus in a couple of weeks imo.

Meanwhile I bought 100k AVCT yesterday, let’s see how that goes ;—)

Good day here yesterday.