Share Name Share Symbol Market Type Share ISIN Share Description
Jubilee Metals LSE:JLP London Ordinary Share GB0031852162 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  +0.225p +9.38% 2.625p 4,254,679 11:50:27
Bid Price Offer Price High Price Low Price Open Price
2.55p 2.70p 2.625p 2.40p 2.40p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 9.8 -20.4 -1.1 - 29.36

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Date Time Title Posts
21/3/201818:36JUBILEE PLATINUM16,348
21/3/201813:44Mighty Oaks from tiny acorns grow!978
17/3/201810:12TARGET PRICE 200P24
11/3/201808:22JUBILEE PLATINUM - NEW DAWN !42,652

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Jubilee Metals Daily Update: Jubilee Metals is listed in the Mining sector of the London Stock Exchange with ticker JLP. The last closing price for Jubilee Metals was 2.40p.
Jubilee Metals has a 4 week average price of 2.28p and a 12 week average price of 2.28p.
The 1 year high share price is 5.85p while the 1 year low share price is currently 2.28p.
There are currently 1,118,360,942 shares in issue and the average daily traded volume is 3,519,084 shares. The market capitalisation of Jubilee Metals is £29,356,974.73.
goldibucks: 1. Tjate mining rights are a strategic asset at the current platinum price. If they were about to mine 65m ounces of PGMs profitably the share price would be ten times higher than it is now. I like strategic assets especially when there is another side of the business generating cash so you don't have to sell them. 2. Kabwe is not a "Colin Bird company". He happened to own circa 3m shares in them, peanuts compared to his shareholding in JLP. Kabwe were distressed with 6.4m tonnes of zinc, vanadium and lead rich tailings that JLP can process. What's not to like if it wasn't for the license wrinkle. 3. Who knows the real story behind the Kabwe license revocation. I suspect JLP knew the risks and did it anyway thinking they could resolve any tevokation with the Zambian government because of what they bring to the table. For a company like JLP, Kabwe is a perfect fit with their strategy. 4. JLP said they'd be building processing plant to recover DCM platinum in 2018 in the interims. 5. Since when has DCM been in financial trouble? And Mitsubishi just want to sell Hernic and get their loan repaid. Hernic made a 900m rand profit in FY16 and ferro chrome prices have rallied strongly in the last couple of years. Merafe, who have said they put in a bid for Hernic, generated 1bn rand of cash in 2017. The ferrochrome market is bouyant. 6. The Australian copper project didn't proceed because they couldn't agree commercial terms. That's a good reason not to do it for me. 7. JLP need tailings to survive. DCM doesn't produce much cash. Hernic has a profit share arrangement when JLP get 130% of their investment back. 8. The facility is for USD 50m and it's for plant not tailings. If Hernic gets sold and if they get the Kabwe license reinstated the share price will be back to 3.6p in days so if the institutions are confident in those things happening, they have nothing to worry about. 9. JLP can live without a broker for a while. Having on didn't stop the share price falling.
petebarnes1: It is inevitable that Zuma will go, and that it will improve JLP share price no end.
earnestwipplethwaiteiii: I'd be tempted to buy the dip here, except that the JLP share price is such a serial disappointer, and who needs the additional anxiety when markets are becoming more volatile? On the other hand, anything Potts is consistently slagging off with his 'magic' has to be worth looking twice at...
deme1: sold 2.6m shares mid-week at an average price of 3.55p. Family hold about 0.3m and planning to keep those. JLP throw equity around like confetti. 38.8m shares issued in 2002, 1,306.5m after the BMR deal, a 34 fold increase. I'd mistakenly assumed JLP could fund future growth from DCM and Hernic operating cash flows based on Leon's comments re USD $2m of project earnings in calendar Q4 and Hernic debt being repaid in March 2018 but now according to him, "this initial institutional entry has the potential to be followed by others". That's fine if the share price is going up but that hasn't been the direction of travel lately.  I can't see DCM and Hernic taking JLP much further than a small accounting profit, after factoring in higher admin costs as the company grows, extra depreciation on plant, and write offs of project loan interest capitalised as your start to process, and with a £47m current market capitalisation to support, that could be a drag in the short to medium term. I understand BMR might be a transformational deal and provides geographical and resource diversification but I would have been content to process DCM and Platcro platinum for the next couple of years, complete the ramp up of DCM and Hernic, turn a modest accounting profit, let the share price start to recover, and then use cash flow, Tjate, and partnerships rather than equity to fund diversification and growth.  You have to wonder if JLP suffers from institutional Attention Deficit Hyperactivity Disorder. They say no more placings, then raise £4.5m, they say Hernic data to be provided monthly, then don't provide it, they dilute shareholders to buy Platcro, then don't process it, they move their focus from DCM to Hernic in mid 2017, then DCM output falls, they say 20% month-on-month earnings growth at Hernic, then it doesn't ramp up as trailed, they don't finish the Hernic ramp up but sign a JV with BMR, the share price falls, they issue more equity for cash and swap some with BMR with a cash top up in consecutive weeks. 
gsg: Your technical analysis of the precious metals is detailed,accurate and insightful. However IMO you'r applying it to the wrong company. With a JLP plat cost per oz of potentially $400, palladium price near $1000, rhodium $1200, as well as the move into base metals, the gold price action does not have a close correlation to the JLP share price. Your gold commentary has proved to be very useful in exiting some of my silver portfolio on the TSX.
mcluvin: boris, I'm not pleased to say it as I'm still holding, but it looks like you could be right in the short term re JLP share price; heading down again at present with greater volume. Not sure where it will go if it breaks below the current rising channel..
sleveen: Could the JLP recent $50m funding be similar in structure to the following 2 funding agreements of PREM & WSBN ...join the dots Riverfort mentioned in WSBN RNS... WSBN funding just announced: Highlights -- Fundraising from institutional investors (the "Facility") arranged by RiverFort Global Capital ("RiverFort") -- Issue price under the Facility of 0.7 pence per new ordinary share -- The Facility (which comprises a subscription of GBP0.8 million and an equity sharing agreement) to be used to fund the Company's continuing operations, including general working capital requirements -- Up to US$2 million Investment Agreement ('Investment') with YA II PN, Ltd arranged by Riverfort with an initial drawdown of US$400,000 repayable on the first anniversary of the date of drawdown. Any further tranches may be drawn down if agreed with the Company and at YA II's absolute discretion -- Grant of warrants Richard Poulden, Chairman of Wishbone Gold, commented: "This is the first stage in an overall funding relationship with RiverFort that can lead to the funding of new deals at the project level. I have worked with Brian Kinane, CEO of RiverFort, in the past and have admiration for his skills in this area." Graham Stirling, CIO of RiverFort, commented: "This innovative financing structure offered to Wishbone Gold by RiverFort will allow them to build on their solid progress to date. RiverFort believes in the future potential of Wishbone Gold and this funding is an integral part of assisting them in achieving this potential. It underlines our faith in Wishbone Gold's Board's ability to execute on their strategy." Summary Wishbone Gold Plc (AIM: WSBN), announces that it has agreed the Facility, which has been organised by RiverFort, and consists of two parts. The first part is a subscription to raise GBP0.8 million, before expenses, (the "Subscription") by way of a subscription for 114,285,714 ordinary shares of 0.1 pence each (the "Ordinary Shares") by a syndicate led by D-Beta One EQ Ltd and including Cuart Growth Capital Fund I (hereafter "the Syndicate") at an issue price of 0.7 pence per Ordinary Share (the "Subscription Shares"). The Subscription is conditional on admission of the Subscription Shares to trading on AIM ("Admission"). Of the gross proceeds of the Subscription, GBP200,000 will be retained by the Company and the balance of GBP600,000 will be returned by the Company to the Syndicate pursuant to the second part of the Facility, which is an equity sharing agreement (the "Equity Sharing Agreement"). The Equity Sharing Agreement entitles the Company to receive back those proceeds subject to the Settlement Formula on a monthly basis over a period of 18 months. It is also subject to adjustment upwards or downwards each month depending on the Company's share price performance during the previous month, as explained in more detail below. The Equity Sharing Agreement provides the opportunity for the Company to benefit from a positive future share performance. However, should the Company's share price not perform positively, then the Company will receive less than the amount it will return to the Syndicate (subject to pricing adjustment) and, if its share price falls substantially, the Company may have to return some or all the proceeds of the Subscription to the Syndicate. PREM funding announced a 3 week's the similarity Premier African Minerals Limited 31 July 2017 Premier African Minerals Limited ("Premier" or the "Company") New Funding, Project Updates and Increased Interest in Circum Summary Premier African Minerals Limited, the AIM-traded, multi-commodity mining and natural resource development company focused in Southern and Western Africa, is pleased to announce a new US$2.9 million loan agreement ("Loan Agreement"), direct subscription for new ordinary shares to raise GBP4,800,000 before costs (the "Subscription") and GBP3,300,000 equity sharing agreement ("Equity Sharing Agreement") (together the "Funding"). The Company has also today agreed to purchase an additional interest in Circum of approximately 1% for a cash consideration of approximately US$1,294,998. The proceeds of the Funding will be used towards the acquisition of a further 1% in Circum and to provide general working capital as set out herein. Highlights -- Loan facility of up to US$2.9 million -- GBP4.8 million Equity Subscription at 0.7 pence per Ordinary Share and associated GBP3.3 million Equity Sharing Agreement Loan Funding The Company has today entered into a secured US$2.9 million loan agreement ("Loan Agreement") before costs with YA II PN Limited ("YA II") with a repayment date of 27 April 2018. The annual interest rate payable on the outstanding loan amount is 18%. The principal amount will be made available to the Company in two tranches as follows: -- Tranche One - US$1,650,000 - on signing of the Loan Agreement; -- Tranche Two - US$1,250,000 - the later of RHA achieving a production run rate of at least 30 tonnes of saleable Wolframite per month and 30 days after Tranche One and upon mutual consent of the parties to the Loan Agreement. The principal amount of Tranche One (plus any accrued interest) is repayable at the rate US$235,714.29 per month from the 28 October 2017. This repayment has been provided for under the terms of the Equity Sharing Agreement, and failing that or direct repayment by Premier, may be converted by YA II at its sole discretion into new Premier shares at a conversion price equal to 90 per cent. of the lowest daily volume weighted average price ("VWAP") during the five days trading days immediately prior to the relevant repayment date. The Company has provided a number of warranties and undertakings to YA II in respect of the Group. The Loan Agreement is secured over the Group's assets. YA II has also entered into a participation agreement under the Loan Agreement which provides Cuart Investment PCC Ltd - Cell A - Cuart Growth Capital Fund I ("Cuart") with the right to co-invest under the Loan Agreement. No warrants have been issued to YA II under Loan Agreement. The Company has agreed a loan bonus structure that is aligned with the Company's corporate strategy of acquiring a further 10% in Circum Minerals Limited ("Circum'). The loan bonus structure provides for the payment of US$75,000 to YA II for each 1% acquired in Circum over and above an interest of 7.55% in Circum (excluding the Company's initial interest of 2% in Circum). Equity Funding Summary Premier has also today entered into an equity funding facility consisting of two parts. The first part is a subscription to raise GBP4.8 million, before costs (the "Subscription"), by way of a subscription for 685,714,286 ordinary shares of 0.7 pence each (the "Subscription Shares") by Delta-Beta One EQ Ltd ("D-Beta") at a subscription price of 0.7 pence per Ordinary Share (the "Subscription Price"). The Subscription Shares will represent approximately 13% of the enlarged ordinary share capital of the Company
aaspell: Hi Peter, Well quite honestly not what I'd expected. I thought with all the positive noises from JLP over the last few months that production figures at Hernic would have produced a nice bounce from which this would climb and was to put it frankly grinding my teeth at being forced to sell prior to what i believed would be a rise in the share price However, on any reading this release at face value is pretty bad. Take all of the past Hernic releases:- As recently as May 17 we were told that "Platinum concentrate achieving 100g/t 4E PGMs (platinum, palladium, rhodium and gold)- 20% above contractual grade" "Targeting steady state production of 1100 tonnes of platinum concentrate per month Full design throughput expected to be reached during June 2017 on completion of the hydraulic-mining process to reclaim the feed material from the surface platinum stocks" At 1100 tonnes of concentrate per month with a grade 100g per tonne gives a figure of 110,000 g per month (equivalent to approx 3,500 oz per month). They also stated:- "The Hernic project continues successfully to ramp-up its production. The project is expected to reach full design capacity of 45 000 tonnes per month of feed material by June 2017." Quite clearly todays update states "Operation achieves design throughput in June 2017" despite June and Julys processing figure being 7,000 to 10,000 tonnes per month short. Of more concern would be that from a targeted 3,500 oz in concentrate they are achieving in the region of 850 oz in July a massive 2,700 oz less that their targeted figures. (or only 25% of target figure) Add into this that the DCM figures attributable to JLP get worse every 1/4 and indeed from todays figures it can be seen that the total cash attributable to JLP sine project commencement in April 2016 has been £2.5 million and yet from end of June 16 to end of June 17 this has only been £1.6 million so in the first 3 months of ramp up and commissioning Apr, May & June JLP made £900k (could have thought that this by 4 quarters would give earnings of approx £3.8 million per annum) and yet for the financial year June 2016 - 2017 they haven't learnt half of that figure and the Q2 2017 figure is again lower then the previous 1/4. Finally add into the mix that the Ozzy copper project is currently not attractive and as a bolt from the blue (but following due diligence which is a good thing if it wasn't found to be beneficial under the proposed agreement) i think todays RNS is not a great release. I suppose the question becomes do you have faith enough to wait another 1/4 to see if they have upped to plat oz to anywhere near the 3,500 per month or do you do a quick calc of Leon's $18 million per annum at 25% of target achieved as $4,5 million per annum plus another £1.6 million from DCM to give annual earning of approx £5 million /GBP to give an EPS from the projects as 0.0045p and then PE ratio it by say 8 to give a share price of 3.6 pence? or 10 for an share price of 4.5 pence. On the figures today JLP then isn't looking that undervalued. Still I can be very pessimistic as I don't hold - and as i've previously stated if i hadn't been a forced seller i'd still be here on where i thought the company would go. GLA to all holders but keep an eye open and someone ask at the next webcast / meeting why production figures are so far off target?
luckykids: The three things that have impacted on the JLP share price are undoubtably; The fund raising. The failure to monetise ASA Platinum tailings or at least tell us the plan. The SA governments plans for mining companies. The fund raising badly dented confidence in the floating holders, as they believe it may be done again. Which they won't need to, as cashflow comes through. Not sure why they can't reach a conclusion on Dilokong platinum. Somebody has to invest an awful lot of money in this mine, and they are unlikely to want to pay as much, if they think that maybe 5 years down the line Zuma may nationalise the lot. The risk has got bigger and unfortunately for us it could not have come at a worse time. I think Colin was hoping for $250 to 350$ million up front with a small interest left in it that we could afford to pay our way on. He may have to lower his expectatons. All these major cos will be adjusting the amounts they want to or are willing to pay. There have been some stupid figures bandied around about how much we can earn. I expect Hernic platinum and ASA chrome to produce about $8-10m annually between them. That is without ASA platinum or any of the other projects. I am pretty sure we dont get all the money from Hernic. For some reason I thought it was about 40% of the projects earning ie 40% x $18m = $7.2m and about $2.5 to $3m from ASA chrome. It may be the case they get all of it till the capital costs are repaid at Hernic. But these earnings easily support the capitalisation of the company and that is without Tjate, ASA platinum and all the other projects. The price can always go lower, but at £40m capitilsation it is probably still a fifth of the price of the mine. It would be cheaper to buy the company and float or sell off the processing side and get the mine for virtually nothing. So very confident there is a base to the price around here. GLA
whattheduce: Nobody wants to comment on the 18million. Why? You want as million+ shares in the company so you get the company to sell you new ones rather than get your broker to buy from the market. Why? The live update on JLP share price stalls for 4 days in a row whereas all other prices are moving freely and live. Why? The company has 73% share in a verified £1billion asset yet the stock trades at approaching 50% of the valuation given in the accounts. Why? When I was in Asia, I good read loads of stories on the web about electoral fraud in many guises was being speculated on in the UK following the June 17 election. Back in the UK it is very difficult to find those same stories through any search engine. Why?
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