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 Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.075p +2.56% 3.00p 2.90p 3.10p 3.00p 2.925p 2.925p 533,499 16:11:27
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 9.8 -20.4 -1.1 - 33.55

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Date Time Title Posts
24/2/201812:39JUBILEE PLATINUM15,713
23/2/201819:51Mighty Oaks from tiny acorns grow!577
19/2/201808:57A POTENTIAL MINING GIANT?124
12/2/201822:04TARGET PRICE 200P22

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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 2.93p.
Jubilee Metals has a 4 week average price of 2.75p and a 12 week average price of 2.75p.
The 1 year high share price is 7.48p while the 1 year low share price is currently 2.75p.
There are currently 1,118,360,942 shares in issue and the average daily traded volume is 3,176,484 shares. The market capitalisation of Jubilee Metals is £33,550,828.26.
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
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?
yangou: before anyone asks. No I have not had one too many lol. Had no internet or phoneline and the internet at the lion was not up to much so hence the above. But nice surprise on my return everything was hunky dory again. except JLP share price. Must have been because I added this morning.
highly geared: Plat/ gold ratio at multi decade lows. Plat needs to rise by 25-35% just to get back to historic norms. Jlp share price now leveraged on plat price. every $100 increase should add £5 million to operating profits and bolster the share price. I'd agree on a take out around £250-300 million.
Jubilee Metals share price data is direct from the London Stock Exchange
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