We could not find any results for:
Make sure your spelling is correct or try broadening your search.
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 | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.11 | 1.80% | 6.21 | 6.12 | 6.30 | 6.23 | 6.10 | 6.10 | 8,810,741 | 09:39:26 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Miscellaneous Metal Ores,nec | 141.93M | 12.91M | 0.0047 | 13.26 | 167.03M |
Date | Subject | Author | Discuss |
---|---|---|---|
26/10/2019 13:32 | Palladium price still potentially explosive. | gsg | |
26/10/2019 12:27 | I felt sorry for the chap who sold out recently at 3p after 5 years probably ground down by the relentless campaign of trolls like niloc deadaloss trousersnake etc. I would suggest its not to late to take the hit and get back in with a reasonable run of luck we could be way north of 10p in a year or two. I believe the tide has finally turned here | mutley walters | |
26/10/2019 12:01 | Goingforarun. You 're falling behind again. Get those legs and brain pumping. A game changer for "Hernic", as defined by the broker. | gsg | |
26/10/2019 11:19 | Surely Kabwe is already a game changer! How many games do we need to be in! LOL | goingforarun | |
26/10/2019 09:52 | 1MM. Yes it does point to strategic alliances, which is encouraging. It would be good to get Bullster's expertise, as to what the potential addition of 8-10ktpa of chrome would do to the overall figures at Hernic. Currently Jubilee will be carrying the cost of chrome production at Hernic and then handing the chrome back to Samancor. Still a great deal but as the broker note says, getting ownership of the chrome would be a game changer for Hernic. | gsg | |
26/10/2019 09:51 | Feel free to disagree but I think JLP are heading for MidCap by middle of next year. | lostabillion | |
26/10/2019 09:27 | GSG - I'm pretty sure that the deal with Northam is (or certainly was intended as ) part of a wider strategic alliance . If this is the case, we could see any number of relatively small deals whereby JLP secure feed material to existing infrastructure owned by Northam or Samancor. | 1madmarky | |
26/10/2019 08:53 | Great if these could be bought out of cash reserves! | goingforarun | |
26/10/2019 08:42 | Great announcement and great broker update. The key to a further big leap forward at Hernic is the potential deal on the chrome rights, which requires Samancor to sell their ownership. Surely they must be in detailed negotiations on the chrome, otherwise why put the spotlight on it? Also the hint in the announcement and broker note that there may be future opportunities between Jubilee and Samancor could be very interesting, and might make SLP a bit twitchy. | gsg | |
26/10/2019 07:30 | Shard Capital 25/10/19 Jubilee Metals Group Taking control of Hernic Jubilee has entered into an agreement with a subsidiary of one of the world’s largest ferrochrome producers “NewCo” to acquire 100% of the rights to PGM earnings from both current and future tailings at Hernic. Additionally, JLP has acquired the rights to a further c.1Mt stockpile of PGM-rich material. A further agreement at Newco’s election could give JLP all chrome rights to the chrome contained in current and future tailings. The deal allows JLP to take full control of the PGMS and removes the previous profit share structure. If the company also acquires the chrome rights, this would be a game changer for the operation. ► Background. Hernic Ferrochrome Pty Ltd was previously the owner of one open pit and two underground mines and four ferrochrome furnaces in South Africa – the operation that provides tailings feed for JLP’s PGM recovery plant. In September 2017, Hernic Ferrochrome entered voluntary Business Rescue, triggered when Mitsubishi, Hernic’s major shareholder and lender did not renew covenants in order to provide a moratorium with regards to repaying the Mitsubishi loans. The Hernic operation remained in production and is being acquired by Samancor (ref: Business Rescue Plan update 23-10-2019), one of the world’s largest ferrochrome producers. The result of this is a termination of the existing tailings agreement with Hernic and a new agreement with NewCo. We believe NewCo (K2018239983 South Africa Pty Ltd) to be a subsidiary of Samancor Chrome Limited, purchaser of the Hernic business. ► 100% PGMS. The agreement allows JLP to acquire 100% of all rights to PGM earnings generated from current and future tailings being processed at JLP’s recovery plant at Hernic. The total consideration for all PGMS contained in historical tailings is $5.1m, settled by JLP’s in cash. ► How is this different from before? Previously, JLP had a co-operation agreement with Hernic Ferrochrome akin to a profit share, whereby JLP retained 100% of earnings, but only until capex is paid back and JLP achieves a 30% return on capital. After this, a profit share kicks in, with 85% to Hernic and 15% to Jubilee meaning that attributable earnings to JLP from Hernic would drop off a cliff after this point. Clearly not ideal given that JLP’s Hernic reprocessing plant has the potential to be a long-life asset. Originally, we did not expect this to happen until 2022 but given the recent high PGM basket prices and efficiencies at Hernic, we understand the 30% return point would be approaching in the next 12 months. Thus, the agreement comes at a prescient point and to be clear, this earnings split is now defunct and JLP will retain all revenue and earnings from PGMS. ► Other benefits. The deal gives JLP full control of tailings re-mining and thus the tailings feed supply at Hernic, mitigating the main risk (consistent supply of material) at the operation. This will give JLP the ability to alter/increase the feed rate as required, not being dependent on the Hernic operation to deliver material. On the back of this, JLP aims to increase the feed rate to 50ktpm from the current average of 42ktpm. Furthermore, we understand that NewCo is likely to start increasing the mining rate at Hernic and JLP will be able to garner more information such as which reef is being mined and prepare the plant accordingly. ► More material. JLP has also acquired the 100% rights to a further 1Mt stockpile of Hernic’s PGM- rich material at surface located close to JLP’s Windsor (PlatCro) chrome operations. This material can be processed immediately at JLP’s Eland plant which JLP is pushing hard to take advantage of current PGM-basket price strength. ► Strong partner. Although JLP’s Hernic operation has been continuing production unabated, having the up-stream operations at Hernic in business rescue created a period of flux. Samancor, the world’s largest ferrochrome producer is a strong partner to underpin Hernic’s future and may also open up further opportunities for JLP. ► Chrome. JLP may also acquire the rights to all chrome contained in current and future tailings at Hernic, at NewCo’s election. This would be highly significant as presently, JLP processes the tailings and returns the chrome to Hernic. Thus, JLP currently incurs the opex for chrome separation but does not receive any chrome revenue. JLP estimates that this could add 8-10ktpa of chrome concentrate production to the group. If this option is implemented, it could also prompt JLP to incorporate its fine chrome recovery technology into the process which further boost chrome production and chrome revenue. A landmark agreement for JLP which will likely transform the economics of Hernic, boosting revenue and earnings as well as providing significantly more control over tailings feed. We will incorporate the changes into our model once further details are known and republish forecasts once we have received updated guidance on all JLP’s projects. Hernic will be renamed Inyoni. Market data Ticker Price (p/sh) 12m High (p/sh) 12m Low (p/sh) Shares (m) Mkt Cap (£m) Markets 5.00 4.50 4.00 3.50 3.00 2.50 2.00 1.50 1.00 Description JLP 4.15p 4.30p 2.02p 1855.3m 77.1m 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.jubileemetalsgro Board & key management Non-Exec Chairman Non-Exec Vice Chair CEO NED Technical Director Colin Bird Dr Phosa Leon Coetzer Christopher Molefe Evan Kirby Analyst phil.swinfen@shardca Phil Swinfen | lostabillion | |
25/10/2019 22:38 | Frogkid Corbyn Abbot and Thornberry ? You should take up writing horror novels that sounds worse than hellraiser | mutley walters | |
25/10/2019 22:06 | Not here though... Oh dear, it seems that old habits do die hard. Decent PR team needed still "Jubilee appointed as exclusive partner to recover the Platinum Group Metals from the chrome tailings and platinum rich surface material. Jubilee retains 100% of revenue and earnings until full capex repayment and project reaches a 30% return on capita" | plat hunter | |
25/10/2019 21:47 | Good to see jubilee website updated | robers98 | |
25/10/2019 17:54 | Jubilee Metals PLC @Jubilee_Metals · 1h Great research note from @ShardCapital outlining Jubilee's landmark agreement with NewCo which will likely transform the economics of Inyoni (Hernic), boosting revenue and earnings as well as providing significantly more control over tailings feed #JLP ► Background. Hernic Ferrochrome Pty Ltd was previously the owner of one open pit and two underground mines and four ferrochrome furnaces in South Africa – the operation that provides tailings feed for JLP’s PGM recovery plant. In September 2017, Hernic Ferrochrome entered voluntary Business Rescue, triggered when Mitsubishi, Hernic’s major shareholder and lender did not renew covenants in order to provide a moratorium with regards to repaying the Mitsubishi loans. The Hernic operation remained in production and is being acquired by Samancor (ref: Business Rescue Plan update 23-10-2019), one of the world’s largest ferrochrome producers. The result of this is a termination of the existing tailings agreement with Hernic and a new agreement with NewCo. We believe NewCo (K2018239983 South Africa Pty Ltd) to be a subsidiary of Samancor Chrome Limited, purchaser of the Hernic business. ► 100% PGMS. The agreement allows JLP to acquire 100% of all rights to PGM earnings generated from current and future tailings being processed at JLP’s recovery plant at Hernic. The total consideration for all PGMS contained in historical tailings is $5.1m, settled by JLP’s in cash. ► How is this different from before? Previously, JLP had a co-operation agreement with Hernic Ferrochrome akin to a profit share, whereby JLP retained 100% of earnings, but only until capex is paid back and JLP achieves a 30% return on capital. After this, a profit share kicks in, with 85% to Hernic and 15% to Jubilee meaning that attributable earnings to JLP from Hernic would drop off a cliff after this point. Clearly not ideal given that JLP’s Hernic reprocessing plant has the potential to be a long-life asset. Originally, we did not expect this to happen until 2022 but given the recent high PGM basket prices and efficiencies at Hernic, we understand the 30% return point would be approaching in the next 12 months. Thus, the agreement comes at a prescient point and to be clear, this earnings split is now defunct and JLP will retain all revenue and earnings from PGMS. ► Other benefits. The deal gives JLP full control of tailings re-mining and thus the tailings feed supply at Hernic, mitigating the main risk (consistent supply of material) at the operation. This will give JLP the ability to alter/increase the feed rate as required, not being dependent on the Hernic operation to deliver material. On the back of this, JLP aims to increase the feed rate to 50ktpm from the current average of 42ktpm. Furthermore, we understand that NewCo is likely to start increasing the mining rate at Hernic and JLP will be able to garner more information such as which reef is being mined and prepare the plant accordingly. ► More material. JLP has also acquired the 100% rights to a further 1Mt stockpile of Hernic’s PGMrich material at surface located close to JLP’s Windsor (PlatCro) chrome operations. This material can be processed immediately at JLP’s Eland plant which JLP is pushing hard to take advantage of current PGM-basket price strength. ► Strong partner. Although JLP’s Hernic operation has been continuing production unabated, having the up-stream operations at Hernic in business rescue created a period of flux. Samancor, the world’s largest ferrochrome producer is a strong partner to underpin Hernic’s future and may also open up further opportunities for JLP. ► Chrome. JLP may also acquire the rights to all chrome contained in current and future tailings at Hernic, at NewCo’s election. This would be highly significant as presently, JLP processes the tailings and returns the chrome to Hernic. Thus, JLP currently incurs the opex for chrome separation but does not receive any chrome revenue. JLP estimates that this could add 8-10ktpa of chrome concentrate production to the group. If this option is implemented, it could also prompt JLP to incorporate its fine chrome recovery technology into the process which further boost chrome production and chrome revenue. | shotbybothsides | |
25/10/2019 17:26 | Got all mine in me ISA. Never lied the idea of someone telling me what to go with me money. Mind you if Corbyn Abbot and Thornberry take over I'll cash the lot in. | frogkid | |
25/10/2019 17:21 | stick in a SSAS undie, Set up a ltd company with companies house for £27 then use 25% of you SSAS to invest into your new company then take another 25% tax free of the remainder when you retire at 57 :-) | plat hunter | |
25/10/2019 17:14 | SLP is a one trick pony in a single and risky jurisdiction with an ongoing risk of commercially suffering as a result of possible restorative action from 3rd party litigation. JLP owns most of the assets they're processing and recording double digit Q on Q growth. De-risking would be obvious if you've already multibagged over there, with JLP being the obvious home for it. | plat hunter | |
25/10/2019 17:04 | JLP up SLP down; is that coincidence? | sleveen | |
25/10/2019 16:58 | JLP LSE: YTD 106% gain Well done all | plat hunter | |
25/10/2019 16:35 | Welcome anytime when i have it going Frog, it would be my pleasure honestly. | plat hunter | |
25/10/2019 16:34 | Mines a gluten free thin base with everything on it Platty x | frogkid | |
25/10/2019 16:31 | Closing on a high. enjoy the ruggers chaps | deme1 |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions