Jubilee Metals Share Discussion Threads

[highly geared] 26/4/2021 14:48

Bought another 250k shares at 16.99. Cannot see anything with better short or medium term prospects.

[gsg] 26/4/2021 14:42

As well as copper rising PGM's are also moving higher. In particular palladium is up 2.7% today at $2933. JLP will be generating eye watering cash flow on PGMs as well as on copper.

[tonyevo256] 26/4/2021 14:24

Fantastic tip..very true that the market hasn't cottoned onto our copper prospects yet. So once we are a confirmed copper producer I expect a massive rerate..fill your boots while you can...

[deme1] 26/4/2021 14:10

Could see a spike tomorrow morning once people get a chance to digest the report.

For us LTH though we all know where JLP are and where they are going

[gsg] 26/4/2021 14:06

The day is not over yet. L2 strengthening again. 2v2

[pastybap] 26/4/2021 14:01

Bit of an anaemic response so far to the ST tip. They usually send prices up double digit percentages. He does tend to follow up his tips at least 2 to 3 times a year though, so there'll be more spikes to come in future.

[jackthecat1] 26/4/2021 14:01

it just hates 17p doesnt it??. deary deary me.

[highly geared] 26/4/2021 13:57

I’d suggest anything under 20p is an absolute steal on a 2 year timeframe.

[scrappycat] 26/4/2021 13:33

Even a JV would surely be a drain on JLP's resources for years, before a $ is earned. Personally, I would rather they increased the tailings bank for the moment. Tjate will keep for the present, and its value seems sure to increase. That is my opinion, anyway.

[dunns_river_falls] 26/4/2021 13:32

Quite how a P/e of 6 represents fair value is beyond me. 12-15 seems fairer when earnings are growing so quickly. Happy to hold on that basis alone.

[verulamium] 26/4/2021 13:24

It's a cracking read, very thorough. Some subeditor calls them a miner in the (very) short mention of the tip on the IC website: "A copper-bottomed investment for the mining bull market - This miner is on a lowly valuation but will benefit hugely from the metals bull market". Fortunately Simon retains credibility by not using the word himself.

[freedom97] 26/4/2021 13:22

JBL on JSE doing well too UP 7.3%

[deme1] 26/4/2021 13:13

That is a well put together report, no wonder we have had an influx of new blood.

Shame our brokers could not out that much effort in.

[freedom97] 26/4/2021 13:09

If we get a deal for Tjate then I think we will see 25p within days.

[deme1] 26/4/2021 13:07

More like 40p

some of these tipsters are amateurs;)

[mirabeau] 26/4/2021 13:07

Target price Jubilee Metals’ operational performance more than warrants the strong share price performance over the past 12 months and looks set to drive positive momentum over the next 12 months.Moreover, investors have yet to fully cotton onto the transformation in the business and the potential for the Zambian copper operations to produce eye-watering amounts of cash flow and profit. WH Ireland estimates Sable Refinery’s copper revenue at US$119min the 2021/22 financial year based on 13,000 tonnes of production, an outcome that underpins operating profit of US$48.7m from that one activity alone.If the copper price continues to perform robustly,then there could be even more upside given Sabre’s relatively fixed operating costs and a targeted unit cost of US$4,000 per tonne. Indeed, every incremental US$1,000 per tonne increase in the copper price adds around US$13m operating profit based on 13,000 tonne production given that Jubilee has 100 per cent ownership of Sable.So, having taken the risk factors below into consideration,as well as dilution from the conversion of outstanding convertible loan notes and exercise of warrants, I feel a realistic price target is 25p on a 12-month basis.This values the equity at £625m on a fully diluted basis, or six times analysts’ £97m net profit estimate for the 2022/23financial year.

There could yet be further upside to this target if PGM and copper prices continue their upward move. Buy

[gsg] 26/4/2021 13:05

So 25p target within 12 months.

[gsg] 26/4/2021 13:02

Thanks stephen. Any chance of a snippet of his thoughts and price target?

[888icb] 26/4/2021 13:02

Has Simon Thompson given a target price?

[9tintin] 26/4/2021 13:00

Could still be news around the corner, Deme

Tjate ??

Would not surprise.

tintin

[goingforarun] 26/4/2021 12:59

Deme, if this creates the wave followed by a quarterly update just get the surfboard out and ride away!

[deme1] 26/4/2021 12:57

Crazy how the share price has been somewhat stagnant over the last few weeks even with everything in place and the metals space motoring.
Then we have a tipster mention JLP and it goes nuts.

Was hoping it was news in the pipeline and not just people buying in off tipster recommendations

[stephencoster] 26/4/2021 12:53

Tip by Simon Thompson - alpha small company sharewatch (IC)

[spaceparallax] 26/4/2021 12:53

Nice blip up this morning - with a continuation of the improving performance and strategy, it would seem only a matter of time before we break into the 20s and from then on we'll grab more positive mkt attention that will in time really reward the strengthening fundamentals.

[robers98] 26/4/2021 12:50

Afternoon RNS anyone??? Or 7am tomorrow.