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Share Name Share Symbol Market Type Share ISIN Share Description
Jubilee Metals Group Plc LSE:JLP London Ordinary Share GB0031852162 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.05p -1.63% 3.025p 2,714,409 12:08:42
Bid Price Offer Price High Price Low Price Open Price
3.00p 3.05p 3.075p 2.95p 3.075p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 14.14 -2.40 -0.18 56.1

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Jubilee Metals (JLP) Discussions and Chat

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Date Time Title Posts
25/5/201908:29Mighty Oaks from Tiny Acorns (Moderated)12,069
24/5/201910:59THE REAL NEW DAWN FOR THIS RISING STAR26,793
20/5/201907:57Jubilee Metals at the UK Investor Show 2
10/5/201909:57Mighty Shorts from Tiny Acorns (UnModerated)57
23/3/201909:10TARGET PRICE 200P27

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Jubilee Metals (JLP) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2019-05-24 14:14:273.038,250249.98O
2019-05-24 14:11:183.0350,0001,515.00O
2019-05-24 13:55:553.0352,4101,588.02O
2019-05-24 13:40:203.004,742142.31O
2019-05-24 13:33:393.0310,000303.00O
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Jubilee Metals (JLP) Top Chat Posts

DateSubject
25/5/2019
09:20
Jubilee Metals Daily Update: Jubilee Metals Group Plc is listed in the Mining sector of the London Stock Exchange with ticker JLP. The last closing price for Jubilee Metals was 3.08p.
Jubilee Metals Group Plc has a 4 week average price of 2.95p and a 12 week average price of 2.20p.
The 1 year high share price is 3.75p while the 1 year low share price is currently 2.03p.
There are currently 1,855,300,673 shares in issue and the average daily traded volume is 3,407,974 shares. The market capitalisation of Jubilee Metals Group Plc is £56,122,845.36.
14/5/2019
15:02
rescuer: Shard Note from 4th March ""Putting the pedal to the metal"" "After years of laying the foundations of its metal recovery business, the pace of project execution is speeding up and Jubilee is delivering on its growth trajectory. Early focus has been on the recovery of chrome and PGMs from mine tailings where production is set to increase significantly over the next 12 months, including the recovery of fine chrome, an industry first. However, JLP has bigger ambitions and Kabwe in Zambia will turn the company into a base metal and vanadium producer. JLP has also been invited into the boardrooms of the major miners to discuss access to the substantial portfolios of mine waste lying at surface. We believe this could be game-changer for Jubilee. ? JLP is the expert. Jubilee is an industry acknowledged leader in the retreatment of tailings,waste, slag slurry and other secondary materials generated from mining operations. This is a wide-reaching metals recovery business and not solely focused on platinum as the company’s previous name or legacy suggests. Jubilee has a proven track record of success in the South African PGM and chrome industry, working with some of the industry’s leading companies including Mitsubishi, Northam and Lonmin. ? Robust project pipeline. Hernic PGMs and DCM chrome are in production, the fine chrome plant at DCM has been commissioned (first saleable product Jan 2019), and JLP is preparing to commence PGM production at PlatCro. The recent PlatCro acquisition also secured 80ktpm chrome processing capacity. Near-term projects include implementing fine chrome capability at PlatCro and Hernic, PGM production at DCM and developing the Kabwe Zn-Pb-V project in Zambia. Looking out to FY20, we see PGM and chrome production doubled and maiden production of zinc, lead and vanadium. ? First Mover. JLP is emerging as a world leader in mine waste retreatment with the in-house ability to design, build and execute projects. Jubilee has executed framework agreements with some of the largest mining companies in the industry to access the substantial waste portfolios lying at surface and where remediation is becoming a growing imperative. This has the potential to expand JLP’s production base considerably, whilst diversifying to new metals and giving the company a global reach beyond South Africa. JLP is currently evaluating the huge opportunity presented by mine tailings and slag in Zambia. ? Lower risk profile. JLP sidesteps the high-risk exploration stage of the industry and has no exposure to mining risk. Tonnage and grade variation are known in advance and the company’s processing expertise increases in-situ grades substantially for minimal processing. Furthermore, a typical JLP project has exceptionally low capital intensity and low operating costs ensuring robust margins even in low metal price environments. ? Fine chrome game-changer. JLP has taken a leading position in the recovery of fine chrome with a proven process recovers fine chrome sub 60-40µm where substantial losses occur for the primary chrome processing industry. This opens up enormous potential for the recovery of fine chrome from the millions of tonnes of historical tailings that are produced by primary platinum producers mining the UG2 reef. ? Upcoming key catalysts. First PGMS from PlatCro (Feb). DCM fine chrome full production(March). Decision on Kabwe development plan and potential refinery acquisition (Q1/Q2 2019). Permits and approvals for PGM production at DCM (2019). ? Valuation. Our current indicative valuation for Jubilee Metals is 6p/sh fully-diluted (unrisked 8.2p) which implies that JLP is trading at an undemanding 0.40x discount to NAV, with an implied return of 2.5x to the current share price. We forecast significant ramp up in revenue and earnings generation from FY20 as JLP executes on its ambitious growth programme. Jubilee is not likely to remain under the radar for much longer. 2019 will be a pivotal year for the company as it beds down several new projects. We see no other company as well positioned with the resources, expertise and connections to take advantage of the compelling opportunities presented by global mine waste and tailings. JLP now has multiple commodity exposure and is expanding into new jurisdictions beyond South Africa."
25/4/2019
19:52
goldibucks: "Does anyone wish they'd bought SLP at the start of the year instead of Jubilee?" 18p to 32p? Not really, you would have been just as well off spread betting on platinum and palladium prices. SLP is just a x 2 play on the PGM basket price. Share price performance over the last 5 years has been less than stellar considering it's producing and profitable. PGMs produced were virtually unmoved from the previous half year in their interims, up from 33,892 to just 34,045 so the bottom line improvement is all down to the PGM basket price increasing from $1,057 to $1,201 and the fact that most of that washes down to the bottom line. The bottom line could be whacked just as much the other way if the basket price fell 20%. Sylvania is a solid small to medium size PGM play, the Balance Sheet looks sound, and it looks to be well managed, but companies that pay dividends and buy back shares are not going to deliver exponential growth. JLP is a different type of company. It's smaller, just turned its first profit, going through a turnaround, and primed for much faster growth. Plus it's more diversified than SLP across metals so the bottom line isn't going to be as sensitive to the price of PGMs in the medium to long term. Do you wish you'd have bought anything other than BMR? Had you not had your funds locked up in BMR you could have bought JLP, SLP, and any other PGM play that took your fancy and made money. I'm up 25% on JLP and there's plenty more to come, starting with the Q1 production data and it's implications for Q2, whereas you've flat-lined due to your funds being locked up. Meanwhile you sold your indirectly held JLP shares at the bottom to pay Borelli's salary while he scouts for a kebab van in a pub car park. And yes, I'm sure you've tucked a couple of grand away in other stocks to lift your spirits while you bite your nails over BMR but everybody here knows that if BMR was a smaller part of your overall pot you'd have spent far less time on this board than you have. You're sore and you're going to get a lot sorer! ;-)
11/4/2019
07:50
goldibucks: Some of the share price predictions recently are making me laugh. 10p and 20p by the end of the year from investors who previously called JLP a dog and Leon a lemon. I don’t see 4p-5p imminently either, that would be a £70m-£90m market cap, toppy for a company that just reported it’s first £0.8m profit, they will need to show how good the SA business is to get to that market cap and that’s at least 1, possibly 2 quarters away. The recent rise has been driven by institutions and they aren’t as foolish as retail investors when it comes to paying forward for earnings. Another thing JLP need to prove is that they can do the deals they threaten to do and that they can be unquestionably in shareholders’ interests. Even with the Kabwe financing investors weren’t sure about it and the price sulked for a week before moving up. I want to see a deal where it goes up the morning it’s announced because it involves NO dilution and increases SHORT TERM earnings, i.e. the opposite of Kabwe. Very happy to hold in low 3p’s and wait for the cake to bake but not expecting any more share price appreciation before Q2 or Q3 production data or as we get closer to earnings from Kabwe. Far too many investors on this board with bipolar disorder. I borrowed money to buy more JLP the day after the Kabwe financing deal was announced but it was very expensively funded and as the share price rise showed, the placing was under-priced. I’m not saying they could have done anything else, they were stuck, but let’s not convince ourselves that they know anything about timing or shareholder value maximisation. They maximise total earnings, not earnings per share, in my opinion. Hopefully, the institutions on-board now will change that backward mindset.
05/4/2019
23:52
goldibucks: “and warrants may be issued & exercised too”! Would be great if they were because they have an exercise price range of 3.8p to 6.12p, considerably more than the current share price. It would push up the NAV per share for existing shareholders. “I'm out with Profit at 2.5p”. JLP are good for double that with half ramped up production at Kabwe. It’s a momentum play, fundamentals are improving quarter-on-quarter and that’s not going to stop any time soon. With running costs covered, incremental project earnings go straight to the bottom line. DCM fine chrome, PlatCro PGMs, and Kabwe, all heading to the bottom line. Project earnings from new deal flow, again straight to the bottom line. My £31,500 profit will be going into battle next week, the month after, and the next financial year. The share price will move up and down but the overall direction across weeks and months will be up and then up again, in line with fundamentals. Even if all my profit is gone by Monday lunchtime, I know that the next announcement will push the share price back up. All the share price has done in the last week is pick itself up off the floor. The real profits are going to be made with the release of Q2 production data in July, Q3 production data in October, and eventually Kabwe earnings in early 2020. Portfolio waste management contract announcements and/or more work in Zambia, possibly cobalt, could blast this into the stratosphere. We’ve caught the knife, now it’s time to surf the wave. Don’t let anybody kid you that a 20% bounce off the bottom is a spike. Never heard such rubbish.
05/4/2019
16:06
lostabillion: Shard note summary Jubilee Metals Group Putting the pedal to the metal After years of laying the foundations of its metal recovery business, the pace of project execution is speeding up and Jubilee is delivering on its growth trajectory. Early focus has been on the recovery of chrome and PGMs from mine tailings where production is set to increase significantly over the next 12 months, including the recovery of fine chrome, an industry first. However, JLP has bigger ambitions and Kabwe in Zambia will turn the company into a base metal and vanadium producer. JLP has also been invited into the boardrooms of the major miners to discuss access to the substantial portfolios of mine waste lying at surface. We believe this could be game-changer for Jubilee. ► JLP is the expert. Jubilee is an industry acknowledged leader in the retreatment of tailings, waste, slag slurry and other secondary materials generated from mining operations. This is a wide-reaching metals recovery business and not solely focused on platinum as the company's previous name or legacy suggests. Jubilee has a proven track record of success in the South African PGM and chrome industry, working with some of the industry’s leading companies including Mitsubishi, Northam and Lonmin. ► Robust project pipeline. Hernic PGMs and DCM chrome are in production, the fine chrome plant at DCM has been commissioned (first saleable product Jan 2019), and JLP is preparing to commence PGM production at PlatCro. The recent PlatCro acquisition also secured 80ktpm chrome processing capacity. Near-term projects include implementing fine chrome capability at PlatCro and Hernic, PGM production at DCM and developing the Kabwe Zn-Pb-V project in Zambia. Looking out to FY20, we see PGM and chrome production doubled and maiden production of zinc, lead and vanadium. ► First Mover. JLP is emerging as a world leader in mine waste retreatment with the in-house ability to design, build and execute projects. Jubilee has executed framework agreements with some of the largest mining companies in the industry to access the substantial waste portfolios lying at surface and where remediation is becoming a growing imperative. This has the potential to expand JLP’s production base considerably, whilst diversifying to new metals and giving the company a global reach beyond South Africa. JLP is currently evaluating the huge opportunity presented by mine tailings and slag in Zambia. ► Lower risk profile. JLP sidesteps the high-risk exploration stage of the industry and has no exposure to mining risk. Tonnage and grade variation are known in advance and the company’s processing expertise increases in-situ grades substantially for minimal processing. Furthermore, a typical JLP project has exceptionally low capital intensity and low operating costs ensuring robust margins even in low metal price environments. ► Fine chrome game-changer. JLP has taken a leading position in the recovery of fine chrome with a proven process recovers fine chrome sub 60-40μm where substantial losses occur for the primary chrome processing industry. This opens up enormous potential for the recovery of fine chrome from the millions of tonnes of historical tailings that are produced by primary platinum producers mining the UG2 reef. ► Upcoming key catalysts. First PGMS from PlatCro (Feb). DCM fine chrome full production (March). Decision on Kabwe development plan and potential refinery acquisition (Q1/Q2 2019). Permits and approvals for PGM production at DCM (2019). ► Valuation. Our current indicative valuation for Jubilee Metals is 6p/sh fully-diluted (unrisked 8.2p) which implies that JLP is trading at an undemanding 0.40x discount to NAV, with an implied return of 2.5x to the current share price. We forecast significant ramp up in revenue and earnings generation from FY20 as JLP executes on its ambitious growth programme. Jubilee is not likely to remain under the radar for much longer. 2019 will be a pivotal year for the company as it beds down several new projects. We see no other company as well positioned with the resources, expertise and connections to take advantage of the compelling opportunities presented by global mine waste and tailings. JLP now has multiple commodity exposure and is expanding into new jurisdictions beyond South Africa. Market data Ticker Price (p/sh) Shard valuation (p/sh) 12m High (p/sh) 12m Low (p/sh) Shares (m) Mkt Cap (£m) Markets 7.00 6.00 5.00 4.00 3.00 2.00 1.00 0.00 Description JLP 2.45p 6.00p 3.13p 2.02p 1363.5m 33.1m AIM & JSX JLP.L Source: LSE Jubilee Metals Group plc (“Jubilee or “JLP”) is a Johannesburg and London based mine waste processing and metals recovery company listed on AIM (JLP) and the JSE (JBL). The company has operating assets in South Africa and has recently expanded its footprint to Zambia. www.jubileemetalsgroup.com Board & key management Non-Exec Chairman Non-Exec Vice Chair CEO NED Technical Director Analyst Colin Bird Dr Phosa Leon Coetzer Christopher Molefe Evan Kirby phil.swinfen@shardcapital.com 020 7186 9008 Phil Swinfen Click the link to read all 42 pages..... Https://jubileemetalsgroup.com/broker-notes/
22/3/2019
12:51
plat hunter: JLP Share price 22.03.2018 = 2.35 Since then... BMR have been dumped out Retain a 29% holding in BMR (possibly worthless though) Platcro purchased Kabwe fully financed Instiutional investors increaded to 33% of issued capital JLP share price today 2.35.. All of the above for zero cost to existing shareholders whilst also increasing the trade discount to NAV.
20/3/2019
23:46
the skipper: Not sure if anyone has posted up the broker note put out by Shard Capital on 4th March. It runs to 42 pages, but here's the summary from the front page: "Putting the pedal to the metal After years of laying the foundations of its metal recovery business, the pace of project execution is speeding up and Jubilee is delivering on its growth trajectory. Early focus has been on the recovery of chrome and PGMs from mine tailings where production is set to increase significantly over the next 12 months, including the recovery of fine chrome, an industry first. However, JLP has bigger ambitions and Kabwe in Zambia will turn the company into a base metal and vanadium producer. JLP has also been invited into the boardrooms of the major miners to discuss access to the substantial portfolios of mine waste lying at surface. We believe this could be game-changer for Jubilee. ► JLP is the expert. Jubilee is an industry acknowledged leader in the retreatment of tailings,waste, slag slurry and other secondary materials generated from mining operations. This is a wide-reaching metals recovery business and not solely focused on platinum as the company's previous name or legacy suggests. Jubilee has a proven track record of success in the South African PGM and chrome industry, working with some of the industry’s leading companies including Mitsubishi, Northam and Lonmin. ► Robust project pipeline. Hernic PGMs and DCM chrome are in production, the fine chrome plant at DCM has been commissioned (first saleable product Jan 2019), and JLP is preparing to commence PGM production at PlatCro. The recent PlatCro acquisition also secured 80ktpm chrome processing capacity. Near-term projects include implementing fine chrome capability at PlatCro and Hernic, PGM production at DCM and developing the Kabwe Zn-Pb-V project in Zambia. Looking out to FY20, we see PGM and chrome production doubled and maiden production of zinc, lead and vanadium. ► First Mover. JLP is emerging as a world leader in mine waste retreatment with the in-house ability to design, build and execute projects. Jubilee has executed framework agreements with some of the largest mining companies in the industry to access the substantial waste portfolios lying at surface and where remediation is becoming a growing imperative. This has the potential to expand JLP’s production base considerably, whilst diversifying to new metals and giving the company a global reach beyond South Africa. JLP is currently evaluating the huge opportunity presented by mine tailings and slag in Zambia. ► Lower risk profile. JLP sidesteps the high-risk exploration stage of the industry and has no exposure to mining risk. Tonnage and grade variation are known in advance and the company’s processing expertise increases in-situ grades substantially for minimal processing. Furthermore, a typical JLP project has exceptionally low capital intensity and low operating costs ensuring robust margins even in low metal price environments. ► Fine chrome game-changer. JLP has taken a leading position in the recovery of fine chrome with a proven process recovers fine chrome sub 60-40μm where substantial losses occur for the primary chrome processing industry. This opens up enormous potential for the recovery of fine chrome from the millions of tonnes of historical tailings that are produced by primary platinum producers mining the UG2 reef. ► Upcoming key catalysts. First PGMS from PlatCro (Feb). DCM fine chrome full production(March). Decision on Kabwe development plan and potential refinery acquisition (Q1/Q2 2019). Permits and approvals for PGM production at DCM (2019). ► Valuation. Our current indicative valuation for Jubilee Metals is 6p/sh fully-diluted (unrisked 8.2p) which implies that JLP is trading at an undemanding 0.40x discount to NAV, with an implied return of 2.5x to the current share price. We forecast significant ramp up in revenue and earnings generation from FY20 as JLP executes on its ambitious growth programme. Jubilee is not likely to remain under the radar for much longer. 2019 will be a pivotal year for the company as it beds down several new projects. We see no other company as well positioned with the resources, expertise and connections to take advantage of the compelling opportunities presented by global mine waste and tailings. JLP now has multiple commodity exposure and is expanding into new jurisdictions beyond South Africa." Clearly the note will need to be updated to take account of today's news and also what's to come re:Kabwe processing. I expect to hear something about that in the very near future.
18/3/2019
08:48
goldibucks: “No we are down on JSE that is a fact not just "according" to chopper” I don’t doubt Chopper’s ability to read a stock price. I do doubt his ability to report stock price movements on the JSE in a balanced way. He only tells us when it’s down. It’s going to move around because of GPB-Rand currency movements so many of the movements day to day will be spurious. The reality is the JLP share price has been stuck at 2.3p-2.4p for months now. It’s not worth reporting that a market maker has got off the bid or offer and due to the wide spread, the share price is up or down 5%.
11/3/2019
15:40
goldibucks: “"Rhodium up $100" and the relevance of that for JLP?” Higher Hernic project earnings from Q1. More money back from PlatCro PGMs from May 2019. DCM PGM tailings worth more. You’re investing in the company and it’s earnings, not the share price. Unfortunately, too many investors in small cap stocks think they are playing the share price and have no idea about forecasting the bottom line. I don’t care about the share price day to day because I know if I get the bottom line right, the share will go up eventually. When the share price goes down. 20 days until the end of Q1. Palladium and rhodium going up is going to add about £0.7m to Hernic earnings in Q1, irrespective of what’s going on at DCM and PlatCro.
23/2/2019
14:28
goldibucks: “It's just that quarterly earnings have been rising yet the share price has been falling”. That’s because the value investors attach to what JLP might do in the future was wiped out and that was always a sizeable part of the share price. JLP have exhausted their shareholders’ patience over many years and the Kabwe license revocation was the final straw. It made them look incompetent. Dilution with no short or mid-term earnings followed by dilution with no earnings at all. And that paired with Hernic in business rescue and threatened with closure and DCM earnings destroyed. That’s how it was and why I sold at 3.6p and again at 3p. However, at 2.3p I got the Kabwe license back, BMR out of the picture, fine chrome potentially resurrecting DCM earnings, Samancor buying Hernic, and Hernic earnings up quarter-on-quarter in spite of low PGM prices. Everything has a price, nothing is black and white, losing a battle doesn’t mean you’ll lose the war. Any progress JLP make from here will need to go into the share price and the odds are heavily stacked in favour of Q1 project earnings being higher than Q4, Q2 being higher than Q1, and Q3 being higher than Q2.
Jubilee Metals share price data is direct from the London Stock Exchange
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