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
  -0.05 -0.34% 14.80 2,038,202 10:04:01
Bid Price Offer Price High Price Low Price Open Price
14.60 15.00 14.85 14.80 14.85
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 132.85 43.02 1.81 8.2 360
Last Trade Time Trade Type Trade Size Trade Price Currency
16:53:18 O 45,793 14.699 GBX

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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 14.85p.
Jubilee Metals Group Plc has a 4 week average price of 14.15p and a 12 week average price of 14.15p.
The 1 year high share price is 21.10p while the 1 year low share price is currently 13.25p.
There are currently 2,429,658,564 shares in issue and the average daily traded volume is 3,957,147 shares. The market capitalisation of Jubilee Metals Group Plc is £359,589,467.47.
thesharehunter: Went to my first general meeting. A (very) rough transcription of the meeting follows. Jubilee general meeting 16/05/22 Nick Taylor-non exec present Leon Cotzier CEO by video link Special resolutions need 70% to pass 1 -to issue share capital- passed 96% 2- to permit hybrid shareholder meeting- 98.92%For Overview by Leon Jubilee offered technical expertise to miners. Jubilee educated themselves by looking at what was left after processing and WHY. What was wrong with the system? Was it inefficient or was it due to the type of process? Looking at Chome- 1)all PGMs are rejected by the system and 2) there is inefficiency of the process or things were being ejected by the system- 70% of the remaining chrome is due to it being ejected by the system. So jubilee addressed the inefficiency but also looked at the process. They also sorted out how to get the PGMs. At INYONI, they found that they could build a large central facility allowing material from a whole host of entities. This was 1) cost effective and 2) caused no reliance on any one entity. In 2021 they rebuilt the facility to cope and doubled its ability. “No other such facility in the world!!” JLP now 4th largest chrome producer in SA but no mine! Chrome is the BY-PRODUCT and offsets the PGM costs. Jubilee have disincentivised their clients by being better, faster and cheaper than doing it themselves. This gives a constant stream of fresh material for their PGM business And today, they are no longer reliant on their Joint Venture( which they had to share 40% off) INYONI is fully commissioned and at full volume. “No one else can produce PGM oz so cheap” : $450/ oz compared with the selling price of $2200 Targeting to end all JV by 2023 Looking to the Eastern limb. They have secured the clients and have secured the feed. Looking to build a new facility so as not to need transport costs to west(440km). Transport costs only TEMPORARY. (Weakened rand is buffering costs but diesel increases will come through. Use modern trucks to cut diesel costs) Looking at decommissioned processing facilities. Time line depends on concluding negotiations but then 8-10 month build time. ZAMBIA Split into “North” and “South” but not really geographically. The town of Ndole splits the two and is a “bottle neck” as only one road between the areas and goes through here. South- Sable- is able to take multiple materials. Allows for the small miners to process their materials. This fulfilled a promise to the government for small miner empowerment. Potential for $120million per annum with very good margins. Now the biggest employer in Kabwe and soon in Ndole The North is a much,much bigger picture. Looking to repurpose facilities ( and quite a few available due to their own strife) How to fund it? all of their South African operations are debt free and so the complete balance sheet is available The earnings are sustainable( not exposed to any one client) Can now leverage The northern projects are aimed at commissioned in 18months? At Sable they have trialled the cobalt circuit. It is implemented and is ready to do the same on the northern side which is more cobalt rich. The cobalt at sable will be material coming from the northern side until that is up and running on its own. Expect cobalt to start in July I’m Zambia, there is 1.9 billion tons sitting at surface. More than in mines! Ready to seize the opportunity. First mover advantage Nothing prevents looking at other metal groups especially the “energy metals” Question was posed about other jurisdictions: “Zambian waste is better quality than most Chilean mines!” And DRC is better than Zambia. So opportunities have to be something good to detract from Zambia or be strategic. Cyprus - took a back seat to Sable and Project Roan but the results are now back and on the table. “The Grades excite us”. It is also strategic as it’s looking at copper and gold. Some interesting info on costs: Acid has gone up from $100/ tonne to $300/tonne BUT due to JLP innovations, the price increase is ameliorated to only %30 compared to other producers. Prices are going up but our costs less so. A bit of a win for JLP compared to other producers. Why resolution 1? Leon answered “prudent in this environment. No plan for it but if for whatever disasterous events, good to have it”. “No one predicted Ukraine or China issues this time last year”. TJATE Keeping up all licences etc… and being transparent with the government on the plans. Well above the agreed community work and green credentials. Actively looking for investors, be-it a sale or other. No plans to mine. Kabwe- discussing on re-starting zinc circuit with the improved prices. Lead is very toxic. Are partnering with the world bank on plans. Have already identified low zinc areas and are “capping”; them to help with the toxicity. “good will” Vanadium always under review but prices so volitile. Leon did commit to 3 monthly “project”; updates but not financial ones. In a rapidly growing company, down time to upgrade facilities etc… would skew the results too widely.
philby1: Onwards and upwards from here Tony. Despite the lowly share price I've never felt more confident about JLP's prospects. Still trying to get my head around the future earnings potential from cobalt alone, the numbers are staggering.
sb: From Gotreal on the other side.... I think many people are simply missing the point. The wording of the RNS is: "Although the Company has no immediate intentions to use this authority, this resolution is proposed by the Board to offer additional flexibility in the structuring of potential future transactions as part of the Company's global drive to seek value accretive opportunities." "...flexibility in the structuring of potential future part of the Company's global drive to seek value accretive opportunities." It may well be that as part of a transaction that is majorly beneficial to JLP and by proxy, us, the company from which the benefit is being acquired wants to have a share in the future upside of JLP by taking part of the payment in JLP shares. Plainly if they wanted to build a significant stake in the market this could be challenging to do and more costly. Yes, you can argue that everyone else (us) has to buy in the market and yes, that is what drives the price upward. But we as individuals have no benefiiclal assets to provide, only cash, and any organisation with such assets is in a different position to us. The RNS is NOT saying we wish to issue shares to raise working capital to carry out already proposed expansion because we are not generating enough cash to do so or can't raise finance against the balance sheet to do so, it specifically says for future transactions to execute the stated strategy of global expansion. These are two very different things and those taking a totally negative view are I believe allowing their emotions to to drag them back to the good old bad old days when we issued paper just to survive and that is explicitly NOT the case here.
robers98: So BMR back as Kendrick. Not much mention of the royalty, I think from memory JLP wrote down the shareholding. Kendrick Resources Share News - KEN Current Price 3.25p -0.25 -7.14% Bid Price Offer Price 3.00 3.50 High Price Low Price Open Price 3.875 3.125 3.875 Shares Traded Last Trade Market Cap (m) 2,359,947 14:24:33 7 Kendrick Resources PLC Admission to Main Market and Fundraise Intraday Kendrick Resources Chart Intraday Kendrick Resources Chart 06/05/2022 7:00am UK Regulatory (RNS & others) TIDMKEN RNS Number : 5148K Kendrick Resources PLC 06 May 2022 Kendrick Resources Plc ("Kendrick Resources" or the "Company") ADMISSION TO TRADING ON THE MAIN MARKET, CLOSING OF GBP3.25 MILLION FUNDRAISING & FIRST DAY OF DEALINGS Kendrick Resources Plc (LSE: KEN), a mineral exploration and development company, with projects in Scandinavia is pleased to announce that its entire issued ordinary share capital consisting of 219,511,616 ordinary shares of GBP0.0003 will today be admitted to the Official List (by way of Standard Listing under Chapter 14 of the Listing Rules) and to trading on the London Stock Exchange's Main Market for listed securities (together, the "Admission"). Highlights -- Successful GBP3.25 million fundraising at 3.5p per share -- With effect from Admission, Kendrick will have vanadium exploration projects in Finland, and Sweden with an option over 3 further nickel projects in Norway under the EMX Option Agreement (the "Projects") -- The Projects have three defined Mineral Resources: o Airijoki Vanadium Project in Sweden: 44.3 million tonnes, containing 5.9 million tonnes of magnetite @ 0.4% V2O5 (In-Situ) and @ 1.7% V2O5 (in magnetite concentrate), for 100,800 tonnes of V2O5 based on 13.3% mass recovery of magnetite concentrate o Koitelainen Vosa Vanadium Project in Finland: 116.4Mt, containing 5.8 million tonnes of magnetite @ 0.3% V2O5 (In-Situ) and @ 2.3% V2O5 (in magnetite concentrate), for 131,000 tonnes of V2O5 based on 5.0% mass recovery of magnetite concentrate o Stormyra Nickel Project in Norway: 1.16Mt @ 1% Ni, 0.42% Cu and 0.04% Co -- Vanadium is a key metal used in the automotive industry for REDOX flow and other batteries and demand for this metal is expected to grow -- Nickel has rising demand in the supply of Li-ion batteries -- The proceeds of the Fundraising will be used to undertake exploration and development expenditure of the Projects and provide working capital to cover ongoing annual administrative and operating costs Colin Bird, Executive Chairman of Kendrick Resources Plc, commented "I am very pleased that Kendrick has satisfied all the requirements for a LSE standard listing. The company has an outstanding suite of assets in Northern Europe in Sweden and Finland and has an option over three projects in Norway. The option is exercisable within 7 days from Admission, and it is currently the Board's intention to exercise within this period. A further announcement will be made in due course. The commodities being explored and developed on nickel and vanadium, both of which will be highly sought after in tomorrow's tv and battery storage world. The Airijoki vanadium project In Sweden and the Koitelainen vanadium project in Finland, both contain JORC Code (2012) level inferred resources and have both undergone conceptual techo-economic studies. The nickel projects in Norway all show a propensity for expansion, with accompanying copper and in some cases cobalt.
mya viet: The share price has nothing to do with Leon or Colin at this moment in time. I suggest you take a look at what's going on in the real world.. The markets are on the brink of collapse due to each weatern country being sunk in debt which will take hundreds of years to pay off if ever.. Interest rates are rising inflation is probably closer to 20 % rather than the lying government figures. Jlp along with everything else is suffering
adejuk: bull why don't you mention copper in your otherwise sensible post? copper will blow the jlp share price out of the waste.
senttothegallows: I must admit I am a little concerned as to posters reaction to todays RNS, ability to allot shares is a standard term in nearly every AGM. With regards to JLP todays share price reaction is incorrect IMHO
deme1: I happen to have made a few quid off AVCT when covid was causing lockdowns and they were talking about having the best test in the world. from memory I bought in at around £1.00 and sold at approx £1.20, was called a "bedwetter" by the blind and the share price went to crash to high 40p. Can see that happening again when the cancer trial proves to be expensive and not effective. All IMO of course. Come on JLP its time for our share price to start with a 2
apollocreed1: Point taken. I thought the CEO made a slightly negative statement about costs, then the share price fell so assumed the share price move was a result of disappointment with the results.
husbod: Ot and fwiw Avct up 14% atm. Very risky but potentially huge rewards (I'm underwater atm following the relatively recent share price collapse) so losta not completely out of order.Good to see JLP rising a little and the 22p price target seems very conservative to me.
Jubilee Metals share price data is direct from the London Stock Exchange
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