Jubilee Metals Share Discussion Threads

[freedom97] 17/4/2024 00:03

As I mentioned last Wednesday, I would prefer if we get news Tues/Wed to allow the share price to go sideways a little. So News today (Tues) or Wed would be great as the chart is looking very good now with the slight pullback since last Wednesday.

[888icb] 16/4/2024 23:47

The article behind the FT paywall includes a quote from Leon:
“ Much like the Chinese, the Gulf states are promising resource-rich nations an investment package centred around mining; Zambia expects the UAE to invest in agriculture, tourism and energy.
Leon Coetzer, chief executive of Jubilee Metals, a London-listed miner partnering with IRH to process copper from waste material at Mopani, says that "they can bring together a consortium of investment in infrastructure, power, health and logistics alongside mining". Bringing "an ecosystem of investment" is particularly important for African countries, he adds.”

[sb] 16/4/2024 22:43

Another article:

[xow98] 16/4/2024 22:34

You can get behind the FT paywall with this link

[eblitz1] 16/4/2024 21:58

Thanks robbers that’s them

[robers98] 16/4/2024 21:56

The total number of shares in issue is 2,983,493,617. The percentage of shares not in public hands is 0.133%. This information was last updated on 8 April 2024.

Slater Investments
Hargreaves Lansdown
FIL Investment International
Interactive Investor
ACAM LP
Canaccord Genuity Wealth Mgt
Veddis Capital
Peppermill Ltd

Number of shares

362,813,789
277,245,335
257,242,505
243,960,817
209,447,822
202,881,818
148,868,297
102,441,533

% of shares in issue

12.16
9.29
8.62
8.18
7.02
6.80
4.99
3.43

[robers98] 16/4/2024 21:43

Eblitz1 is it this one?

[eblitz1] 16/4/2024 21:29

SB
I CANT GET INYO THE ZTTICLE EHICH DOUBDS VERY INTERESTING IS THETR ANY WSU YOU VOULD RESEND ITALREADY OPEN THANKS

[sb] 16/4/2024 19:41

This article expands on what eblitz is saying.... The Arabs have the money and we have the skill.... IRH also have their sights set on Lubambe Copper mine about 100Km north of Kitwe... but Chambishi is between the two..... Its a match made in heaven ....

[frogkid] 16/4/2024 19:37

Thanks. You might be into something.

[eblitz1] 16/4/2024 18:11

Frogkid
It's just logic, JLP have something that needs unlocking quickly to stay ahead of the pack. IRH have the resources not only in cash but in other mining assets and they are looking to advance BIG TIME into Copper. It's a match made in heaven, There is a US Company and I can't remember their name who have major investors like BMW etc etc major Directors from huge mining Companies and they have a process but they haven't done anything yet and they are valued at many times the value of JLP. Leon and Co need finance and the clout to get other assets. IRH came in very late to the game for Mopani I think is the site and they got it, IRH went in very late for a deal that the Chinese thought they had and apparently they got it.This deal if there is going to be one would be fantastic for both. The money and clout together with the know how and process. Do you think that the Zambian Government would be giving Leon and Co all the attention if the process didn't work. It's a win win The only thing to discuss is the price. That is where Slater get's involved, he would want a return on his original investment. Someone with more intelligence than me should try and put a value on the Company. But if in 24/25 they are going to make around $50m on Chrome and if they do 8k tons of copper oxide when the price is $9500 per ton that's another $45-50m, and the next year would easily double. You work it out.

[frogkid] 16/4/2024 17:48

What do you base this conjecture on eblitz?

[21ant] 16/4/2024 17:25

Also to be clear about the 'site visit' off the back of the EU Business Forum. It wasn't analysts so I'm not expecting anything. They cited the following as attendees:

Potential EU investors, EU enterprises, the mining companies, copper fabricators or recyclers, DFIs and the banking sector, Zambian enterprises along the copper value chain, Zambia Development Agency, Zambian Manufacturing Association and Chambers of Commerce, EU Zambian Government, EU Delegation, EU Member States

Objectives:
Show case investment opportunities for copper value addition in Zambia
Facilitating partnerships between the European and Zambian enterprises along the copper value chain

This was the format:
2 full days in-person event and field trips on the third day
Free participation for successfully registered companies
High-level opening ceremony by the President Of The Republic of Zambia and high-level EU representative
Participation of key Zambian Ministers
Networking events
Plenary discussions as well as parallel sessions by sector
Side events
B2B and B2G meetings
Exhibition space: 20 booths for companies and other agencies
Field trips to Mopani, KCM, Jubilee, ZAMEFA, Neelkanth

Just good to be involved at this level

[chozza] 16/4/2024 17:19

I worked in the IT and telecoms industry for many years mainly in sales.
Heads of agreement, letters of intent and memorandums of understanding were thrown around like confetti. Not all these deals came to fruition. Until you have signed contracts you never counted chickens.

I am not hung up merely uneasy.

[stockhunters] 16/4/2024 16:52

gold and other precious metals moving back up again, small pullback copper but still on recent highs

market makers shook a few out on wider market which you would expect to bounce back hard shortly

few more cheap shares for me today

[eblitz1] 16/4/2024 16:47

Why is everyone getting so hung up over the announcement of the IRH deal,They have announced that they are going ahead, it is the formula that is being discussed and I am pleased it is taking longer than everyone thought as I think that they are going to take a stake in JLP. IRH have mines in other places but they certainly don't have the expertise needed to push the projects in Zambia and maybe other places forward.
It is probably the price of entering that is always the sticking point. That is where Slater will be heavily involved. Maybe I'm wrong but IRH getting on board would preclude anyone else making a bid as IRH would never need shareholders approval to do the deal and they could blow anyone out the water if they wanted the asset.
The price paid would easily be covered by the first OB1

[adejuk] 16/4/2024 16:11

reeds in the wind

[adejuk] 16/4/2024 15:36

ignorance is ignorance

[line and length] 16/4/2024 15:19

I think Leon also mentioned in one of the recent midweek podcast that it was fair to say that IRH's focus during Jan/Feb was on formally concluding the Mopani deal. Now that's done it's likely their focus is firmly on concluding the JLP deal. I think we will hear pretty soon.

[sb] 16/4/2024 15:13

The operative word, repeated several times is AIM.

[888icb] 16/4/2024 15:10

They had a number of analysts out there last week non of whom appear to have issued reports yet. Do you really think they have taken analysts out there to report on bad news and failure to meet deadlines? The news will be delivered soon and the analysts will issue their reports and probably upgrade their target prices.

[chozza] 16/4/2024 15:00

SB,
I'm just saying what they told us, and the market via RNS.

RNS 23 rd Jan 2024
"According to the terms of the funding term sheet, IRH and Jubilee will aim to complete the implementation of the SPV with the aim of completing the project implementation detail and timeframe and associated appointments by 31 January 2024".

RNS 12 December 2023
"Jubilee's technical services team has commenced extensive resource definition and process technical review with the aim of completing the project implementation detail and timeline within the next 60 days."

We have had no further information about the implementaion of the SPV nor about the project implementation detail and timeline.

That is why I am uneasy.