The other day, Jubilee Metals (JLP) announced results for its half-year ended 31st December 2021 (the shares are currently 17p to buy); they were a 16.2p offer when this tip was first posted. But that compares to above 17.5p as recently as February, and above 20p last summer… and there is good reason why, in very short order, they can easily exceed the latter again.
Hello Share Speakers. Mining investment is more speculative than other areas of share buying. But the rewards may be better. My own policy is to pick companies which don’t just rely on exploration. An outfit that concentrates on recovering metals from mining waste is Jubilee Metals (JLP).
Jubilee Metals (JLP) states that it “is pleased to announce its unaudited operational results for the six months to 31 December 2021” and that it looks forward to “the next six months with the full impact of the Inyoni facility being felt, as well as the targeted ramp-up at Roan enabling us to take another major step in our commitment to achieve annual copper production of 25 000 tonnes”. So what of a current 16.3p share price, £396 million market capitalisation?
Jubilee Metals (JLP) has been stressing how profitable it will be this year and how next year it will be so profitable that it could pay a dividend. Obviously with Colin Bird as chairman talk of profitability and dividends can only mean one thing. Yes….its another placing! Knock me down with a feather. But this one begs two big sets of questions:
Following a strong upwards move, platinum group metals have taken a bit of a dip recently but are still at levels that should generate plenty of free cash flow for producers, and the share price weakness that some of those have shown the past couple of weeks could present a buying opportunity.
I will not advise others to buy shares in Jubilee Metals (JLP) while penny share huckster Colin Bird remains chairman and there are institutions who want to buy but will not do so until we are given a timeline for the exit of a man who sold all his shares, into a ramp, at 13p earlier this year. But, as a loyal shareholder, I am not selling at today’s 17.6p (although I paid sub 4p) after a Zambia copper update which was everything I could have asked for and more. These shares could be 40p+ by some stage in 2022 if Bird does the decent thing and walks. So why the excitement?
We may previously have given the impression that old Harrovian Zak Mir was born with a silver spoon in his mouth and was a bit of an intellectual lightweight if not an outright poltroon who could not analyse his way out of a paper bag and was also semi-literate. Moreover, we may have suggested that his analysis of certain frauds such as Supply@ME Capital (SYME) and obscenely overvalued promotes such as Remote Monitored Systems (RMS) might in some way be coloured by the fact that a company he works for, LSE ShareTalk, generates revenue from promoting such rubbish. If so, now is the time to apologise to Mr Mir, aka the Sith Lord.
Which PR moron is advising Colin Bird and Leon Coetzer at Jubilee Metals (JLP), a company where I am, of course, a loyal shareholder. Because whoever it is should be fired on the spot. Today there is news which had me screaming at my PC, “Oh just fuck off Colin.” The sooner the old huckster retires, the better. Today’s spivery and assumption that we are all stupid really is the final straw.
As a still loyal shareholder in Jubilee Metals (JLP), notwithstanding its penny share spiv Chairman, I take a keen interest in PGM prices where, my instinct, is that the outlook is very bright indeed. It is something I shall be chatting to Ross Norman about on video next week. Anyhow, in that context I thought you might enjoy this detailed note on PGM & Lithium prices from broker Fox Davies.
A “Support from Blue Chip Institutional Investors”-titled announcement from Jubilee Metals (JLP) is actually a disappointing lack of support from directors. This is with investment by the institutional investors ‘facilitated’ not only by a partial conversion of the convertible loan note held by ACAM LP, which facilitated the acquisition of the Sable Refinery in 2019, but also by director share sales...
We tipped Jubilee Metals (JLP) at a 4.6p offer in July 2020. Ding Dong! As we approach Christmas the shares are circa 11p, making we loyal investors pretty happy. But do not even think of selling. Here’s why:
Metals processing group Jubilee Metals (JLP) “is pleased to announce its audited results for the year ended 30 June 2020” and that “post the period under review… PGM and chrome operations delivered record quarterly operational earnings of £15.17 million”...
Jubilee Metals (JLP) “is pleased to announce that it has successfully concluded further copper tailings transactions to secure the rights to an additional approximately 115 million tonnes of copper and cobalt containing surface tailings in Zambia”...
