Jubilee Metals Share Discussion Threads

[mr waite] 09/11/2024 00:39

I have seen plenty of posters at one and each others throats over the years and will post when it needs a sock in it.
Having posters attacking each other down grades the forum 🤐
Please Post on Jubilee to your hearts content any info you like to share.
Frog nothing personal just ignore them.It was a busy day for sharing info to new potential investors.

[xow98] 08/11/2024 22:44

Mr Waite who has been here for a month telling frog who has been here for donkeys years to keep quiet is quite amusing

[mr waite] 08/11/2024 22:42

In Zambia, Jubilee has commissioned and ramped up at the Roan and Munkoyo copper projects, setting the stage for substantial increases in output. This was despite encountering hurdles that included a power supply crisis.

Jubilee’s copper business was now positioned for exceptional growth, with two fully operational processing plants at Roan and Sable, complemented by the successful implementation of the Munkoyo and Project G Open-Pit copper mines.

In South Africa, Jubilee Metals lifted chrome concentrate output by by 8% to 455 381 tons, exceeding its targeted production for the quarter. Output of 6E PGM for the period reached 9 328 ounces, in line with guidance.

“Jubilee's chrome operations have delivered outstanding performance, surpassing the quarterly targets with exceptional results. The Company is reviewing half-year guidance which will inform the full-year guidance,” said the company.

Jubilee was now building on the success of its South African strategy and mirroring this approach in Zambia. The company’s initial focus was on the substantial capitalisation of assets to establishing two critical processing hubs, the Sable Refinery and Roan Concentrator.

With the its capital cycle in Zambia now nearing completion, Jubilee has effectively integrated and ramped up both its newly commissioned Front-End module and the recently completed Flotation and Milling circuit at Roan, marking a key milestone in delivering on its expanded copper strategy.

BUSINESS REPORT

[the bull] 08/11/2024 18:51

Loads of copper needed for cables and ev's need quite a lot per vehicle. We are bang on in the right sector. As you say, if ICE vehicles pick up, then pgms's will pick up, we almost cannot lose, covered all bases.

[kennyp52] 08/11/2024 18:00

Trump in could see a decline in the USA for the push towards all electric vehicles ..if so will we see demand for catalytic converters return and thus PGM’S? It’s seems it doesn’t matter to JLP as we can go for copper for electrification or flip it back to PGM’s. Significantly de-risked imho .

[genises] 08/11/2024 17:24

So much copper in that lump and bore hole.
Hopefully on Tuesday they may update us on project M.
A very excited Chris


Chris Koen (MBA)
Head of Mining - Zambia
1w ago

Exciting times ahead on this project M.
Treasure hunting, maps, co-ordinates, digging, analyzing, when mining is in your blood and you enjoy every moment! Well done to the Team, keep up the good work.

[the_isolator] 08/11/2024 17:15

More on Monday with the lead up to the AGM

[frogkid] 08/11/2024 16:36

Yes, lumps of finest green!

[genises] 08/11/2024 16:15

Thanks frogkid
For the reply.
When I saw those photos I brought a load more last week 😊

[call me a cab] 08/11/2024 15:28

And closed it!

[call me a cab] 08/11/2024 15:26

Someone just gone short on IG index. That's a gamble....

[21ant] 08/11/2024 15:12

Yep lvl 2 now 5 vs 1 so could rise again

[frogkid] 08/11/2024 15:09

Hi Genesis, I would think that anything official must be via RNS but that might drop before the AGM.regardsFrog

[genises] 08/11/2024 15:01

Looks like the price is about to go up again 5.355 to sell

[genises] 08/11/2024 14:36

Frog
Do you think we will have an update on the below at the AGM on Tuesday.
If these pictures are anything to go on we could be talking of a big upgrade on resource

[sphere25] 08/11/2024 14:33

Surprisingly the price hasn't batted an eyelid at that psychological 5p mark. Often you get that little lurch back with some profit takers at those sorts of marks (had that this week with PGH at that £2 mark), so clearly big buyers at work in the background and those sellers have sold what they wanted at those price points around 4.6p-4.8p to allow the release higher.

The price is now sat firmly at the intraday high with the bid offer at 5.2p-5.4p. There are three market makers on each side, but the dynamic of the flows are suggesting the price could be about to break higher.

It is easy to look daft in financial markets, they make a fool out of us all, but this looks like it is head to 5.3p-5.5p and then 5.4p-5.6p. At the moment, it looks like not much buying pressure is needed. That could then set up for an intraday high close and further momentum next week.

No idea where the top of the short term spike is. I just sell in bits into spike if I catch a trade that works.

Maybe a firmer test of bullish spirits on AIM at 6p for short termers?

All imo
DYOR

[21ant] 08/11/2024 13:21

Thanks and yes it’s going well thank you. Nice to have some money coming in whilst I wait for this. Still holding over 2 mill so this upturn is good news.
Lvl 2 at 1 vs 6 so need that 5.4 to be broken

[the_isolator] 08/11/2024 12:16

Thanks Ant and gl in your job hope it's going okay

[888icb] 08/11/2024 11:56

Simon Thompson on 8th October
I think it is worth revisiting the conclusion to Simon Thomason’s article on 8th October:

“ Production ramp-up to drive materially higher profits

So, with diversification of Jubilee’s revenue improving its risk profile, and its chrome and copper operations an increasingly important part of the group, analysts at house broker Zeus Capital anticipate a material change in this year’s profitability, forecasting a doubling of cash profit to $54mn on 27 per cent higher revenue of $260mn. On this basis, both adjusted pre-tax profit and earnings per share (EPS) would rise fivefold to $41.5mn and 1p, respectively, at current exchange rates.

Of course, there is execution risk and we have been here before, hence why Jubilee’s share price rallied 68 per cent from 5.3p to 8.9p after I suggested buying the shares at the interim results before giving back the gains, and more (‘Lowly rated Jubilee Mining set to ramp up production and profits’, 26 February 2024).

However, with shares in the £140mn market capitalisation company trading on a forward price/earnings (PE) ratio of 4.7 and on less than three times forecast cash profit to enterprise valuation, then the anticipated step change in profit driven by organic growth initiatives is being woefully under-rated, as highlighted by the deep share price discount to Zeus Capital’s 11p-a-share target price. Buy.”

An important reminder of how JLP rallied 68% earlier this year from our current share price of 5.2p to 8.9p. JLP is clearly in a better place now than it was then as confirmed by yesterday’s RNS. The seller appears to have gone so we should see a similar sustained rise as we still need 100% to get to the broker target.

[21ant] 08/11/2024 11:24

Still here @the_isolator I just started a new job in July to keep me ticking over whilst this sorts itself out so not on here as much. Things very much looking like these are turning a corner now.
As for L2 it’s 1vs1 at the moment with most mms at 5.4 on the ask so tiny bit of resistance there but the volume will push through that.

[the_isolator] 08/11/2024 10:47

Few profit takers but should resume north shortly

[wet your knot] 08/11/2024 10:39

Can the bickering be taken elsewhere please. I hope this rise now is a reflection of confidence in the operational capacity and DELIVERY within the business. None of the innovation within this business is really theoretical but it's about quality of execution and I think we are just starting to see this come into fruition.GLA.

[frogkid] 08/11/2024 10:32

Mr Waite, keep your nose out of it Frog

[frogkid] 08/11/2024 10:31

Cheers Kunster.