Jubilee Metals Share Discussion Threads

[sev22] 28/12/2022 11:42

Berenberg Bank have set a target price of 19 GBX for the company, which when compared to the Jubilee Metals Group PLC share price of 10 GBX at opening today (28/12/2022) indicates a potential upside of 90.0%.

[sleveen] 28/12/2022 08:50

I bought back in this morning.

China lockdowns ending, metals reacting to that news. Plus operational developments ongoing.

Makes JLP a buy.

[tonyevo256] 27/12/2022 16:31

What ever happens with commodity prices our biggest milestones this year will be getting the capex figures for the Zambian copper projects. This will allow the company to plan and announce a dividend policy to drive shareholder returns.

[lights out] 27/12/2022 09:34

Wonder what the share price will do if we hit $4 for copper and $1100 for plat... Chrome will also be on the way up and I remember Leon saying that when Chrome does rally our profits from Chrome alone could be significant because we producing 1.2 millions tons of it!!

[lights out] 27/12/2022 09:01

Copper up strong today on the back of more restrictions been lifted in China. 3.9 now..

[goingforarun] 26/12/2022 18:59

As long as the share price starts turning north then all will be good!

[lights out] 26/12/2022 16:43

Leon sounding very positive as usual.
Well hopefully 2023 is an eventful year for JLP.
He mentions quadrupling production. Let's hope we see solid plans set out mid January 2023!!

[xow98] 24/12/2022 17:05

Shareholding at 25 Oct per Sharepad, including 3 month change in holding

Shareholder  ,  Holding  , 3 mnth +/-  ,  %  ,  %Chg 
Slater Investments , 271m , 0.0m , 10.09% , -0.0592%
Hargreaves Lansd , 239m , -4.80m , 8.88% , -0.2317%
Interactive Investor , 216m , -17.6m , 8.04% , -0.7044%
FIL Investment Int , 211m , +105m , 7.84% , 3.8773%
ACAM LP , 209m , 0.0m , 7.79% , -0.0456%
Canaccord Genuity , 198m , +15.3m , 7.37% , 0.5283%
Veddis Capital , 121m , -4.10m , 4.50% , -0.1796%
Jupiter Asset Man , 96.4m , -15.0m , 3.59% , -0.5813%
Quantock plc , 93.4m , 0.0m , 3.47% , -0.0203%
Nakedi Phosa , 2.73m , 0.0m , 0.10% ,
Leon Coetzer , 528k , 0.0m , 0.02% , -0.0037%

[pshevlin] 24/12/2022 09:43

Thanks SB. That seems to have answered my question about fidelity.

[sb] 24/12/2022 08:42

These are the latest top 20 holdings and transactions according to Morningstar.com ...and before there is a panic about the Slater numbers they have only ever had him owning 7.25%.

[21ant] 23/12/2022 18:35

Interesting L&L
Pshevlin - Not sure if they're a platform like ii. Even if they are most of the others haven't moved much over the year whereas Fidelity has. I've looked to see if I have any historical numbers but I only have a few. Fidelity did go up to 210,765,760 at the date this years AR came out (24th Oct) I can see they must have sold some in Nov as the number at 30th Nov was 205,676,451 but as of today it's up slightly again at 205,826,006.
Certainly looks like they are/have been building their stake this year

[pshevlin] 23/12/2022 18:14

Do you have the figures for the last three months Robers so we can do a proper comparison of who is buying, standing still or selling?

[pshevlin] 23/12/2022 18:12

Isn't Fidelity International just a platform like ii in which case they are all smaller investors buying?

[robers98] 23/12/2022 16:03

The total number of shares in issue is 2,694,854,150. The percentage of shares not in public hands is 0.120%. This information was last updated on 23 December 2022.

Significant Shareholdings
Investor

Slater Investments
Hargreaves Lansdown Asset Mgt
Interactive Investor
ACAM LP
FIL Investment International
Canaccord Genuity Wealth Mgt
Veddis Capital
Jupiter Asset Mgt
Quantock plc

Number of shares

271,463,789
242,132,213
218,581,386
209,447,822
205,826,006
198,302,197
121,090,517
96,433,663
93,350,624

% of shares in issue

10.09
9.00
8.13
7.79
7.65
7.37
4.50
3.59
3.47

[petersinthemarket] 23/12/2022 12:28

19 December 2022
Mining Weekly: According to commodities analyst CRU, lithium-ion batteries currently account for almost 45% of total cobalt demand and are expected to increase to around 60% in 5yrs time. Just 10yrs ago, this figure was only 10% of total demand, says Sobotka. In terms of copper, Sobotka says there is currently a consensus view that a surplus market in 2023 is rapidly shifting to one of deficit, with total visible copper stocks being down 36% year-on-year. This is less than a quarter of the average level of 840kT at this time of year in the 2015 to 2019, prior to the pandemic.

[petersinthemarket] 23/12/2022 12:22

JLP is only a small player but I hold and imo they are an excellent long term buy.

Personally, I find the cobalt side of the business potentially more interesting than copper. There is every reason to believe that this ore could run into serious shortage between now and 2030.

Cobalt is a ferromagnetic metal which can be easily found in trace amounts around much of the globe, but it doesn't occur naturally as a discrete ore and is usually found as a by-product produced by refining the tailings of copper and nickel mines.

Cobalt is a major constituent of lithium-ion batteries for electric cars, mobile phones and computers, but it is also used in the manufacture of magnetic, wear-resistant, high strength alloys for a wide range of onerous electrical applications such as wind turbines and jet engines.

The DRC (Democratic Republic of Congo) and Zambia sit astride the extensive African Copperbelt and their mines produce more than 70% of the world’s cobalt, with most of that coming from large-scale commercial mines and the remainder from controversial, high risk, artisanal and small-scale mines.

Not sure about today's industry, but in many nineteenth century mines there was at least 90% waste on the adjacent heaps so, whilst there are copper mines, there will always be an abundance of tailings for JLP to buy and process and their costs of production are very low.

[aaspell] 23/12/2022 12:12

tess_tickle - try reading the Business model page on the Jubilee Metals website which explains the How? and the Why?

The takeaway as to majors selling their tailings is

Increasing cost and difficulty of mining, paired with the current relative depressed commodity prices are leading to mining majors viewing surface material as a potential source of cash flow more than ever before, but do not necessarily have the means nor expertise to implement mine waste projects.

Basically they are selling Jubilee their 'waste' after processing and which they do not have the capability to process further. They have already taken as much copper, or cobalt, or PGMs' out of the ore as they can and the waste is just piled up and left. There is still enough in the waste for Jubilees' process to extract and make a healthy profit on it so the majors may as well sell it for something rather than leaving it sitting there earning nothing.

there is also the fact that it is in the here and now. Does a major want to spend years on the R&D that Jubilee have done to get these processes working efficiently and then have the expense of building the processing plants and refineries that Jubilee already has thus waiting years for any return or just sell it all on now and take the cash

[nickgrant2] 23/12/2022 12:09

tess, the tailings JLP starts with are the waste from normal mining. Miners are under pressure to clean their act up as the tailings are highly polluting. Its a 'I'll do you a favour to take them off your hands mate' sort of thing

[tess_tickle] 23/12/2022 11:15

Get'em while you can.

Market closes at 12.30 pm

[tebboc] 23/12/2022 11:04

Just taken another 117,798 @ 10.07p. Crazy price for a company with so much potential

[tess_tickle] 23/12/2022 11:01

Yes, i don't understand, you'll have to explain it to me.

Surely 3rd party contracts are less profitable than your own tailings, or you wouldn't bother with tailings. So why go for a less profitable method when you have 300 million tons of paid for tailings.

[sb] 23/12/2022 10:47

You don't understand.

[tess_tickle] 23/12/2022 10:42

How will 3rd party copper ore contracts effect margins.
A miner has all the costs of mining the ore and will want to make a profit on any sale of ore. The cheapest way to produce is from the tailings you already own, untill it runs out. The talk of 3rd party ore contracts sounds premature considering the enormous amounts of copper tailings are in for free. Surely mining copper yourself would be cheaper than buying ore from a miner who has to make his own profit after the cost of mining it. Bit of a quandary that one.