Jubilee Metals Share Discussion Threads

[sb] 23/3/2021 08:28

Not sure why its showing down as it closed at 16.5 : 16.9 last night I thought... no change.... and still 3 v 1 on L2 ..

[pshevlin] 23/3/2021 08:16

Looks like it's down this a.m. but of course it's not, due to a silly UCT yesterday at the end of business.

[robers98] 23/3/2021 07:55

Jlp are not a 7am RNS type of company, news can come anytime.

[9tintin] 23/3/2021 07:44

Tomorrow for the numbers then,,,,,,,,,,,,,,,,,,,,,,,,,,,LOL

I will be right sooner than later.

Like saying 20p by Friday

I don't say which Friday!

tintin

[pshevlin] 22/3/2021 21:52

Maybe iis are asking them to delay so they can hoover up weak holders shares before they shoot upwards?

[jackthecat1] 22/3/2021 18:02

They reported on 28th March last year 9tintin, so could be Friday this week or Monday the following week. A long month March. Or indeed why not tommorow!.

Cant possibly be anything but outstanding numbers given the commodity prices. They must be making fortunes.

[9tintin] 22/3/2021 17:58

Always puzzles me why Jubilee don't report like for like in the financial/operational results - ie H2 2020 compared to H2 2019 instead they produce a comparison of H2 with H1 of the same financial year??

As a result it doesn't really reflect just how much progress the company has made over the longer period (twelve months).

Comparing like for like over a year really does make impressive reading.

Tomorrow for the numbers ?

tintin

[kennyp52] 22/3/2021 17:15

Incredible basket price Bullster. Lets hope we have a prolonged period of higher prices and then we will some some phenomenal financials . I still believe there is significant upwards movement in Plat and Pal prices . Rhodium .. well who knows

[bullster] 22/3/2021 16:53

PLATINUM
49%
@
$1,172.00
$574.28


PALLADIUM
40%
@
$2,512.00
$1,004.80


RHODIUM
9%
@
$27,000.00
$2,430.00


GOLD
2%
@
$1,739.00
$34.78





B.B.I. =
$4,043.86


Down slightly on the day, can't complain.

[robers98] 22/3/2021 13:38

Will be interesting to see what is different in the half year report that we don't already know from the six month operation update. See below.



14 Jan Six Month Operations Update – H2 2020
Posted at 12:00h in RNS by SiteAdmin
> Printable PDF Version



RNS Number : 7351L
Jubilee Metals Group PLC
14 January 2021

Jubilee Metals Group PLC
(“Jubilee̶1; or the “Company”;)
Registration number (4459850)
AltX share code: JBL
AIM share code: JLP
ISIN: GB0031852162

Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR). Not for release, publication or distribution in whole or in part in, into or from any jurisdiction where to do so would constitute a violation of the relevant laws or regulations of such jurisdiction.

Six Month Operations Update

H2 2020

Further Record Growth Achieved



Jubilee, the AIM and Altx traded metals processing company, is pleased to announce its unaudited operational results for the six month period ended 31 December 2020 (“H2 2020”).

Highlights

Jubilee’s PGM3 and Chrome operational earnings1 for H2 2020 increased by a record 123% to GBP 28.4 million (126% increase to ZAR 603.3 million2) from H1 2020
Jubilee’s attributable PGM and Chrome revenue1 for H2 2020 increased by 64% to GBP 48.2 million (66% increase to ZAR 1 billion) from H1 2020
Jubilee’s Sable Refinery achieves early earnings from its copper and cobalt production as part of securing operational readiness to accept first production from Project Roan, achieving attributable operational earnings of GBP 1.8 million (ZAR 39 million)
Both the chrome and PGM operations deliver record operational performance
The implementation of Jubilee’s copper strategy to achieve 25 000 tonnes of copper units per annum gains momentum with the commencement of the construction of Project Roan’s copper concentrator with phase 1 expected to come on line during Q1
Jubilee secures in excess of 288 million tonnes of copper tailings with the further addition of an approximate 18 million tonnes of tailings in December 2020
During the period H2 2020 Jubilee successfully completed the addition of its new 35 000 tonne per month Windsor 8 chrome operation where production commenced in October 2020 and commenced the construction of the new 80 000 tonne per month chrome operation adjacent to its Inyoni PGM operation
Jubilee approved the further expansion of its PGM Inyoni operation which will commence in February 2021 and is targeted for completion in April 2021

[bullster] 22/3/2021 11:22

.
.

BBI fallen to $4,052 ,,,, lol

NY metals exchange opens in one hour which will dictate direction.

.
.

[sb] 22/3/2021 10:49

Definite positive pressure on L2 this morning 4 v 1, 600K @ 16.5 v 150K @ 16.9 bid : ask ...

[tonyevo256] 22/3/2021 10:48

Plat getting hammered again....this will cause a drag on the share price ..

[gsg] 22/3/2021 08:16

BASF showing their rhodium asian fix at $30k per oz

[millwallfan] 21/3/2021 19:08

If the projections on the prices of platinum, palladium and gold are anywhere close then the BBI should stay < $4k and steadily move towards $4,400. Perhaps the biggest risk to BBI is now Rho given its proportion if the index. Looks like Copper and chrome will play an increasingly important part of the way forward so with so many ducks now almost in a row the 20p bubble may just be about to burst

[donaferentes] 21/3/2021 18:23

Also look at CCZ with good Cu prospects.

[pshevlin] 21/3/2021 10:06

What? Copper at £10 per pound?



That would be £22040 per metric tonne!

[gsg] 20/3/2021 22:59

Palladium and platinum to top $3,000/oz and $1,350/oz respectively over the next 12 months – TDS

Platinum and palladium have surged in recent weeks. As the global economic recovery continues and global pollution standards tighten, the recent mine site disruptions suggest hefty deficits and a path toward $3,000/oz for palladium and $1,350/oz for platinum over the next twelve months, strategists at TD Securities report.

Key quotes
“The recent mine site problems and the resulting lowering of production guidance by Norilsk should see the supply-demand conditions become even tighter. It is estimated that 2021 production from the impacted mine operations will directly reduce platinum production by some 185koz in 2021, with a reduction of some 681koz for mined palladium supply. However, there will be a 100koz offset for palladium, as the company uses above ground supply to deliver more to the market than what comes out of the mines.”


“The palladium market should record a massive defect of some 1.16 million oz in 2021 and some 600kz in 2022, with platinum showing a deficit of 250koz and 16koz over the same period. This suggests that palladium could again challenge the pre-COVID high of $2,883/oz recorded back in March 2020, with a path to $3,000/oz very much in the cards.”

“Platinum should trade at the highest level in well over seven years, topping $1,350/oz over the next twelve months. Traders should also expect very robust jumps in lease rates, as the front end of these markets tighten up.”

[timhigginson] 20/3/2021 19:40

The current works in hand eg copper, lead and zinc plus the delivery of the chrome production is plenty for JLP to cope with at the moment.

I hope that we will see the share price approach 30p by year end. This would enable JLP to think in terms of a large project, perhaps as large costing $500m. this could be financed with a large rights issue coupled with good financing.

Tjate can sit in the background until someone pops up with an acceptable proposal:no need to rush it.The latest JV proposed by Johnson Mathey for developing tech using platinum for fuel cells and hydrogen production means that Tjate can wait for a really appropriate development moment.

Meanwhile I am enjoying seeing matters unfurl and await the next phase of development with interest.

[danieldanrichardson] 20/3/2021 17:43

Do jubilee really need to try and get involved with developing Tjate? They're on to such a good thing already.

[scrappycat] 20/3/2021 15:48

The amount of cash that JLP are accruing will surely enable them enable them to contemplate a lucrative JV regarding Tjate. I, for one, would prefer this to dividend payments, but I recognise that others may feel differently.

[goingforarun] 20/3/2021 12:33

At the moment I’m not worried about the news flow. After all Leon did state in the last update that it’s all about deliver, deliver, deliver! JLP can put the news out once delivery has taken place! It’s good to see so many positive comments on earnings. Personally I’m wondering whether the metals price increases mean that Jubilee are throwing off so much cash it could bring forward the maiden dividend date!

[gsg] 20/3/2021 12:03

Jack. Don't let me stop you having a rant. I'm with you on Jubilee's newsflow management. It's the one area of the company which falls way below par and needs major improvement.