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Hi JLPP, you can add me to the list. I have been here at least 15 years. I threw away all my old papers years ago so cannot check exactly. I remember the market cap of 11 million! I am now closing in on 8 million shares, most of which are protected in various ISAs. I expect to get bought out at around 20-25p when everything settles but I will use the funds to buy back into the new owners.
Regards
Frog
Jlp..... i have been in since 2015
i have a lot more than you dorf seis mickie and probably a couple more combined
Still think the future is bright for JLP. At the end of the day they are still moving on with their plans in a difficult environment. Only a few weeks to understand what is going to be delivered under the Copper strategy! Only annoying thing is BT creating loads of green posts…just wish he’d move on and post elsewhere!
@Nickqj
I don't believe there are longer shareholders in JLP then myself, Dorf, Seis, Mickie and a few other non vocal supporters.
We bought into a fledgling company at the time, and if anything we were HOPEFUL then that Jubilee would grow into a 10+ bagger.
Now you (and me) are investing into a maturing entity, having multiple commodities streams. The company is profitable, although not at a dividend paying level yet. All the profit made thus far has been plowed back into plant and equipment and tailings which will generate significant cashflow and profit in the future .
JLP operate in two countries, South Africa and Zambia. Both have their issues, like most other countries around the globe. JLP are working around its issues in South Africa. Zambia is on the up and up as far as I can see. Their President is an accountant and businessman and clearly understands the need for investment in Zambia.
Any short term investor looking for a quick return on their money, keep it in the bank, the interest rate cycle is not yet done and it is risk free. Higher interest rates are bad for stock markets. The price of shares are affected by the macro economies of the world. The share price (imo) at the moment is a product of the inflationary pressures on world economies and not on the Company itself . I personally feel the share price is at a level where I am comfortable accumulating more shares because I feel the Company itself is performing adequately under the current economic environment and ultimately will give me a substantial return on my money when I decide to sell.
As an individual investor, I cannot move SP's and have to invest for the future not for the now. Those significant shareholders accumulating JLP are investing in the future earnings, not "the current share price". If anyone wants / needs immediate returns, JLP, (imo) is not the share for them.
The time for hope is over. The company now issues RNS's which set out the Directors expectations of performance, like all the bigger commodity players. That is what we are invested and investing in now. I had 300 000 JLP shares when the market cap was approximately £29 million. Even at these current prices, which I believe to be extremely low, the market cap is around £205 million, (I own approx 1.3 million JLP shares). I have about 4 times the number of shares in a company whose value has increased about 8 times (including all the share dilutions). In a nutshell over time I think I have done okay. I have stated numerous times before, the current share price is irrelevant to me unless I am wanting to buy more shares. Once the northern copper (Zambia) and eastern limb (South Africa) projects are fully on stream, I will reassess. GLA
"to fund hernic"
I wonder what the share issuance was back then?
Yes it was PowerAlt and Bushy is wrong. PowerAlt was a successful electricity generation business and there was talk of buying more generators and enlarging it. The electricity was used in the ferrochrome smelters at Middelburgh. and sold spare electricity back to the SA grid. It was packaged in the deal with Middelburgh as Frog says to fund our development at what is now Inyoni, as this was seen as being more profitable than ferrochrome in the long run (which it clearly is).
Both are before my time tbh... I've only ever found Colin mumbling about it on old YouTube videos like sold confused crazy person
Wasn't it Power Alt. Tied in with Middleburgh disposal?
You'll find that Colin only harped on about building a power plant for conroast but nothing ever came of it, nor conroast for that matter.
Bigel, I remember that. I think we needed the cash at the time
Great update, everybody is happy. Even MM can't find shares anymore. Copper forecast looks solid, thanks to this board we did not speculate with 10k or even 25k. Probably by year end we touch 25 or even 30. I am glad I silenced bushy. He is so annoying.
Well aging myself as a holder here, you'll probably be annoyed to hear that at one point JLP used to own it's own electricity generator and used to sell quite a lot of electricity back to the grid. A decision was made (I'm going to guess c5 years back) to sell this...
Thanks to all the contributors who have made constructive comments. I first bought Sept 2021, it was 3% of my portfolio. I have lost half my investment. I have just bought another 3% because JLP is doing what I expect and the price is lower.
One objection I have to JLP is that South Africa seems unable to generate electricity as required but an RNS did say an alternative is available.
My logic to buying JLP also applies to Power Metals, POW, although the business model is quite different.
A vote of confidence? No, more of hope.
Gazzleberry, there’s nothing novel about the technology that JLP are using, it’s all pretty standard stuff. The process flow is the key, and that will change with every tailings dump.
Lol... See you sub 4p you mad ramping bar stewards
To new investors who look under the bonnet, Jubilee at this price must look like a pregnant prized cow, ready to give birth to multiple cash streams. With total assets of £294M at June 22, it will be very interesting to see the total asset value at June 23. With metal prices on the floor, China in the duldrums, the western world percieved to be very late in the rising interest rate cycle. Is now the perfect time to be investing? Will there ever be a better risk to return potential in Jubilee than there is now. Foundations have well and truly been established. Chrome and PGM projects have been and are being replicated, with a substantial increase in chrome earnings happening now. Copper earnings going to double this year, with massive expansion being planned currently for the year after. The model appears to be in place, build and replicate. Just how big can this all become? How fast can expansion now happen the ball is well and truly rolling. Setting aside all the expansion happening in Jubilee, what about the wider macro. Metals are way off their highs, economies are deep into their brakes on mode, at some point this will pivot and metals will be back in vogue! China is now certainly in stimulus mode. With news of the game changing Northern project due in August, is the risk to reward in Jubilee ever been better?
"Forward guidance for FY2024 has been set at 42koz PGMs, 1.45Mt chrome concentrate and 5.8kt copper. These appear undemanding given what we understand about the business and we expect the new capacity under construction to allow for these figures to increase in FY2025."
Maybe they have learned eventully to underpromise and overperform. That way they avoid the disappointment and falling sp. I would expect these figures to be beaten in 2023/24.
“ Jubilee today provides its operational update for the year ending June 2023 for its operations in South Africa and Zambia. It ended up increasing the amount of PGMs it produced to 42.5koz (from 41.5koz in the prior year), 1.29Mt chrome concentrates (1.21) and 2.9kt copper (2.3kt). Looking forward Jubilee intends to expand. In South Africa on the chrome-PGM business, it has already informed the market of a new 0.36Mt chrome concentrator project (RNS 6.06.2023) which is under construction; with an option to take it to 0.72Mt. We also have sight of a new 25koz/year PGM plant on the Eastern limb of the Bushveld with construction expected in the last quarter CY 2023. The new plant, and associated chrome beneficiation plant will expand Jubilee’s reach to access a further source of PGM-rich tailings which are too expensive to transport to Inyoni on the Western Limb. This is a valuable add-on to the business in our opinion. On the copper business in Zambia, Jubilee intends to expand the Roan concentrator with a $8.5m upgrade to take advantage of the new power and water connections it installed, to raise capacity and allow for a full suite of waste and ROM materials to be processed. The company states it is still determining the best fit refinery for its Northern Refinery strategy and remains committed to raising copper production to 25kt by 2025. To this end it is continuing the on-going pilot trials to optimise the targeted process solution for the treatment of the range of northern copper and cobalt wastes. Jubilee expects construction of a large scale pilot facility to commence during September 2023. Forward guidance for FY2024 has been set at 42koz PGMs, 1.45Mt chrome concentrate and 5.8kt copper. These appear undemanding given what we understand about the business and we expect the new capacity under construction to allow for these figures to increase in FY2025. WHI View: The Jubilee investment story is multi-commodity production from two mining jurisdictions using good technical control of processing technology to process waste materials (and Run Of Mine ore); low-cost production into a high price environment promises strong revenues and profits and high returns to shareholders, once the plan is firmly in place. Finalising the copper strategy in Zambia still remains the game changer in our opinion as the Central African Copperbelt has many resources which could eventually be processed in the manner proposed by Jubilee. Although, in our view the continued potential in South Africa and the ongoing capacity additions on the chrome-PGM side of the business should not be underestimated in terms of their ability to increase returns. “
We need to wit for 'Audited Results for the year ended 30 June 2023'.
Last year they were RNS'd on the 25th Oct 22.
As Mikie says - August could be the start of the good news, then FY23 Results could include Post result news of the 12 week Roan upgrade that will commence sometime in this Quarter.
BB
It was an operational update.
Agreed Mikiesunday, the latest RNS gives no figures for revenue or costs.
A typical RNS for a Technical CEO and a sleeping Chairman.
What's happening in August then?
The transformational RNS is coming in August! Overall, that was perhaps as expected, so steady as she blows, with much greater earnings from chrome and copper coming this year, plus new plant in South Africa and Zambia to come. I just wish they would do something about the internal promotion of the company. That RNS wasnt even Janet & John standard. They must have spent at least 5 minutes formulating that! Hopefully they are too busy building the future!