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Jubilee Metals Group PLC

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Our opinion on the current state of JUBILEE(JBL)Jubilee Metals Group (JBL) is a distinguished player in the metals recovery industry, primarily focused on the reprocessing of mine waste and surface materials. The company is listed on the London AIM market and the Johannesburg Stock Exchange's Alt-X. Its geographical footprint spans across South Africa, the UK, Madagascar, Australia, and includes a joint venture in Zambia, underscoring its international operations and strategic diversification. Jubilee primarily produces platinum group metals (PGM) and chrome. One of its significant assets is a 63% stake in the Tjate project on the Western limb of the Bushveld Igneous Complex, which is noted for being the world's largest undeveloped block of platinum ore with an estimated potential of 65 million ounces. Despite the high potential of this asset, in recent years, Jubilee has shifted its focus towards smelting and beneficiation as a strategic move to enhance cash flow and operational sustainability. In a recent expansion of its operations, Jubilee invested approximately R154 million to consolidate its PGM retreatment business. This investment was directed towards acquiring a chrome processing operation and approximately 1.8 million tons of tailings from PlatCro Minerals, further bolstering its resource processing capabilities. Jubilee's financial performance for the six months ending on 31st December 2023 demonstrated significant growth, with an 18.4% increase in revenue. PGM production rose by 11.2%, and chrome production increased by 7.4%. The company also reported strong growth in its Zambian copper operations, driven by ongoing investment in expansion projects and an anticipated sharp increase upon the completion of upgrades to the Roan copper concentrator. The first quarter of 2024 saw Jubilee achieving record monthly chrome production of 408,710 tons, a substantial increase from 381,114 tons in the previous quarter. However, PGM production experienced a slight decline of 3.6% year-to-date. Despite this, Jubilee remains optimistic about its capacity for continued growth and operational success, as reflected in its latest quarterly update. Jubilee Metals Group's strategic approach to resource recovery and beneficiation, combined with its international diversification and focus on low-cost production, positions it as a compelling option within the mining sector. However, potential investors should be aware of the inherent volatility and risks associated with the commodity markets and the specific challenges of metal recovery operations. On 12th December 2023, Jubilee announced the acquisition of one of the largest dumps of copper waste in Zambia, which notably increased the share price by 19%. The company's share price trajectory recently confirmed a positive shift as it broke through the long-term downward trendline on 8th April 2024 at 171 cents per share, suggesting a potential bullish trend in the near term. Despite the promising aspects, the investment in Jubilee Metals should be approached with caution, considering the fluctuating nature of commodity prices and the specific challenges facing the mining and metals recovery sectors.
JSE:JBL
by PDSnetSA
$JSEJBL - Jubilee: Impulse Invalidated, Falling Wedge ContractsSee link below for previous analysis. Jubilee has continued to trade lower and having breached 128, i am tentatively abandoning the five wave count as wave (4) has penetrated the price territory of wave (1) violating one of the golden rules of an impulse. The bear market from 426 is forming a falling wedge which is bullish but price can still go lower. I will remain bearish until we get a clear breakout from the falling wedge, preferably on higher than average volume.
JSE:JBL
by Loyiso_BlaqueSoros_Mpeta
1
Our opinion on the current state of JBLJubilee Metals Group (JBL) is a diversified metals recovery company which re-processes mine waste and surface materials. It is listed both on the London AIM market and on the JSE's Alt-X. It has operations in South Africa, the UK, Madagascar, and Australia - and it is involved in a joint venture in Zambia to produce lead, zinc and vanadium. The company primarily produces platinum group metals (PGM) and chrome, and its primary asset is a 63% stake in the Tjate project, which is assessed to include the world's largest undeveloped block of platinum ore with an estimated potential of 65m ounces on the Western limb of the Bushveld Igneous Complex. However, in recent years the company has "...pivoted towards a smelting and beneficiation strategy as a cashflow survival strategy." Jubilee is currently spending about R154m to consolidate its PGM retreatment business by buying a reprocessing plant and some dumps. The R154m is being used to buy a chrome processing operation and 1,8m tons of tailings from PlatCro Minerals. It is a low-cost producer, but subject to the vagaries of the platinum and base metals markets. In its results for the six months to 31st December 2023, the company reported revenue up 18,4% with PGM production up 11,2% and chrome production up 7,4%. The company said, "Zambian copper operations continue to show strong growth, driven by the investment in the expansion projects with an expected further sharp increase on completion of the upgrade to the Roan copper concentrator." In our view, this share is probably one of the better options in the mining sector but remains highly volatile and risky. On 12th December 2023, the company announced that it had secured one of the largest dumps of copper waste on the surface in Zambia. This caused the share price to jump 19%. We suggest waiting for a break up through the share's long-term downward trendline before investigating further.
JSE:JBL
by PDSnetSA
JSE's Jubilee Metals Group PLC to fly or take a dunk?JSE:JBL slipped from its all time highs of R20.00 in April 2007 and went on a rollercoaster ride that eventually dragged sideways below R1.00 from late 2013. The instrument found support in March 2020 and rallied to R4.26, forming a big "cup" when analysing price action from May 2011 on the weekly time frame. The handle of this cup started in April 2021 in the form of a falling channel and the latest support was found around R1.10 in November 2023 before price took a 65% gain rally to R1.84. We now expect price to retrace to the R1.38 ~ R1.46 zone which lies between the 50% and 61.8% golden zone, where support may be found to take the instrument back to R1.84. A breakout of this channel/ handle could see the instrument rally to: R2.79, R3.79, R4.26 and R8.20 with short term pullbacks to test the Bull strength. Current sentiments on the instrument : Bullish at the R1.38 ~ R1.46 zone or upon a strong bullish close and retest above R1.95 from current levels. The instrument is currently strongly overbought on the daily time frame and a retracement is more probable than a straight rally beyond R1.95, therefore investors will need to be cautious and patient.
JSE:JBLLong
by Source_Sailor
2
$JSEJBL - Jubilee Metals: Impulse Move Invalidated, What Now?See link below for previous analysis. It been 9 months since I last covered Jubilee and the stock has invalidated the five wave impulse outlook by breaking below 128. For an impulse, wave (4) cannot terminate within the price territory of wave (1) and ideally should not even retrace back into it. This leaves me with an alternative view that the bigger pattern could be a leading diagonal though it is not the right look as the move from 37cps to 426cps is very large. With all the uncertainty and the trend still very much to the downside I am now bearish.
JSE:JBLShort
by Loyiso_BlaqueSoros_Mpeta
Our opinion on the current state of JBLJubilee Metals Group (JBL) is a diversified metals recovery company which re-processes mine waste and surface materials. It is listed both on the London AIM market and on the JSE's Alt-X. It has operations in South Africa, the UK, Madagascar, and Australia - and it is involved in a joint venture in Zambia to produce lead, zinc and vanadium. The company primarily produces platinum group metals (PGM) and chrome, and its primary asset is a 63% stake in the Tjate project, which is assessed to include the world's largest undeveloped block of platinum ore with an estimated potential of 65m ounces on the Western limb of the Bushveld Igneous Complex. However, in recent years the company has "...pivoted towards a smelting and beneficiation strategy as a cashflow survival strategy". Jubilee is currently spending about R154m to consolidate its PGM retreatment business by buying a reprocessing plant and some dumps. The R154m is being used to buy a chrome processing operation and 1,8m tons of tailings from PlatCro Minerals. In its results for the year to 30th June 2023 the company reported record production of PGMs, chrome and copper. Revenue was up 1% with higher chrome prices off-setting lower PGM prices. Headline earnings per share (HEPS) was 0,46 pence compared with 0,70 pence in the previous period. Technically, the share was in a strong upward trend because of rising PGM prices but has moved downwards since May 2021. On 3rd June 2021, the company announced that it had contracted to acquire additional PGM material which would enable it to process a further 16500 tons a month which would yield about 14500 ounces of PGM's per annum. It is a low-cost producer, but subject to the vagaries of the platinum and base metals markets. In our view, this share is probably one of the better options in the mining sector but remains highly volatile and risky.
JSE:JBL
by PDSnetSA
Jubilee Metals Carnage continues to 75 cents - UpdatedSorry the previous chart was too far zoomed out... Since we sent out the first analysis with Jubilee. The price was trading at 205cents. Today we're looking at 134 cents for the Co. The momentum is still very much down and the target is still to 75 cents. It's sad to see companies that traded ov er R20 to under R2 today. And the fact it's been fighting it's life since the financial crisis... By no means, would I ever invest in a falling piano company despite how good the price looks.
JSE:JBLShort
by Timonrosso
1
Jubilee Metals Carnage continues to 75 centsSince we sent out the first analysis with Jubilee. The price was trading at 205cents. Today we're looking at 134 cents for the Co. The momentum is still very much down and the target is still to 75 cents. It's sad to see companies that traded ov er R20 to under R2 today. And the fact it's been fighting it's life since the financial crisis... By no means, would I ever invest in a falling piano company despite how good the price looks.
JSE:JBLShort
by Timonrosso
1
Our opinion on the current state of JBLJubilee Metals Group (JBL) is a diversified metals recovery company which re-processes mine waste and surface materials. It is listed both on the London AIM market and on the JSE's Alt-X. It has operations in South Africa, the UK, Madagascar, and Australia - and it is involved in a joint venture in Zambia to produce lead, zinc and vanadium. The company primarily produces platinum group metals (PGM) and chrome, and its primary asset is a 63% stake in the Tjate project, which is assessed to include the world's largest undeveloped block of platinum ore with an estimated potential of 65m ounces on the Western limb of the Bushveld Igneous Complex. Jubilee is currently spending about R154m to consolidate its PGM retreatment business by buying a reprocessing plant and some dumps. The R154m is being used to buy a chrome processing operation and 1,8m tons of tailings from PlatCro Minerals. In its results for the year to 30th June 2023 the company reported record production of PGMs, chrome and copper. Revenue was up 1% with higher chrome prices off-setting lower PGM prices. Headline earnings per share (HEPS) was 0,46 pence compared with 0,70 pence in the previous period. Technically, the share was in a strong upward trend because of rising PGM prices but has moved downwards since May 2021. On 3rd June 2021, the company announced that it had contracted to acquire additional PGM material which would enable it to process a further 16500 tons a month which would yield about 14500 ounces of PGM's per annum. It is a low-cost producer, but subject to the vagaries of the platinum and base metals markets. In our view, this share is probably one of the better options in the mining sector but remains highly volatile and risky.
JSE:JBL
by PDSnetSA
3
Jubilee W Formation but with warning target to R2.95W Formation clearly formed on the daily. We had a false breakout to the upside, but then price went right back into the W. 7>21 Price<200 RSI>50 Target R2.95 WARNING There are three problems. 1. The JSE ALSI 40 is still within the downside of the symmetrical triangle as it had a fald breakout. This has sent shorting vibes. 2. The penny stock is highly illiquid and volatile. So one candle up breakaway is most times not enough for a strong confirmed change in direction. 3. Metals are currently pointing down which will bring down the smaller companies. I'm bullish and the charts say up, but I don't think they are ripe for the picking yet. ABOUT THE COMPANY Jubilee Metals Group plc is a mining and exploration company that specializes in the reprocessing of historical mine tailings and surface material. Jubilee Metals Group plc, commonly known as Jubilee Metals, is a British company headquartered in London, United Kingdom. The company was founded in 2002 and was initially focused on platinum exploration in South Africa. Jubilee Metals has since evolved into a multi-metal producer, with a strong focus on platinum group metals (PGMs), chrome, and other base metals. The company employs innovative proprietary technologies to recover valuable metals from waste materials, such as mine tailings and surface material. Jubilee Metals has developed a unique processing method called the ConRoast process, which enables the efficient extraction of PGMs and base metals from various feed sources. The company's operations are primarily based in South Africa, where it has established processing facilities and strategic partnerships with mining companies. The company focuses on acquiring and reprocessing underperforming mining operations, extracting value from previously overlooked or discarded materials. In addition to its operations in South Africa, Jubilee Metals has expanded its presence to other countries, including Zambia and Mozambique. The company has established strategic partnerships with major mining companies, such as Anglo American Platinum, to leverage their existing infrastructure and enhance its operational capabilities. Jubilee Metals' shares are listed on the London Stock Exchange's Alternative Investment Market (AIM) and the Johannesburg Stock Exchange (JSE), allowing investors to participate in the company's growth.
JSE:JBLLong
by Timonrosso
Jubilee ready to crash further to R1.20 with this H&S - SMC After a horrific crash from R4.22 down to R1.73. There seems to be a consolidation range at the moment forming the next Head and Shoulders. The right shoulder is not fully ripe yet, so we can expect a blip of upside to form the RS. Once the price breaks below, then we'll see the next leg down. Indicators are confirming downside to come inc. 200>21>7 - Bearish RSI<50 Lower highs Once the price breaks below the Neckline we can expect the first target at R1.20 SMC Above the LS is clearly Buy Side Liquidity. Smart Money SELLS into positions (and sweeps liquidity) from retail traders who are short (get stopped) and for long traders who buy and enter their trades. About the company The company's primary operations are in South Africa and Zambia. Jubilee Metals Group specialises in the recovery of valuable metals that have been discarded in waste materials from previous mining activities. As part of their operations, they deal with metals such as platinum, palladium, rhodium, ruthenium, iridium, gold, copper, nickel, and zinc. The company uses proprietary technology and processes to extract these valuable materials. The company was initially named "Jubilee Platinum" because of its focus on platinum extraction. The name was later changed to "Jubilee Metals Group" when the company diversified its operations beyond just platinum.
JSE:JBLShort
by Timonrosso
Jubilee metal plummeting after a dangerous pattern target R1.16We saw a Breakout Falling Wedge pattern form on JBL. The price then broke above BUT did not confirm and penetrate above the 200MA. This caused a major fakeout and shakeout and caused the price to drop. Sometimes this type of move is a stronger indication of a reversal. Hence, the price has broken below the Falling Wedge and now has a target of R1.16. 200 >21>7 MA - Bearish RSI <30 - Bearish Target R1.16 LESSON LEARNT When a Breakout pattern fails and breaks below the pattern, this can confirm a major reversal and a high probability trade in the other way.
JSE:JBLShort
by Timonrosso
$JSEJBL - Jubilee Metals: Golden Ratio Reversal Take-offThe last time I covered Jubilee was in October 2022. I emphasized that the correction was for wave (4) and the Elliott Wave cycle calls for a 5th wave to complete the impulse move. I also stressed that the price region of 231 zac to 186 zac was a key Fibonacci retracement zone, marking the 50% to 61,8% retracement of wave (3). The share seems to have found some buyers and has taking off aggressively, implying that wave (5) is underway. The invalidation level that wave (5) is underway is a break below 207 zac and should be used as the stop-loss level. trade: buy @ market stop-loss @ 205 zac take-profit @ 426 zac
JSE:JBLLong
by Loyiso_BlaqueSoros_Mpeta
$JSEJBL - Jubilee Metals: Golden Ratio Reversal?Jubilee enjoyed a stellar run from the March 2020 bottom as commodities boomed globally. The share price appreciated more than 10x from 37 zac to peak at R4,26. Such a strong run was bound to cool off at some point and the share has pulled back. From an Elliott Wave perspective I remain bullish Jubilee in the short-medium term. The rally from March 2020 was wave (3) and I therefore label the current correction as wave (4). The share is currently trading at the 50% to 61.8% Fibonacci retracement level of wave (3) and 61.8% is known as the golden ratio. Price can trade lower than this region but in order for the five wave impulse count to remain valid, wave (4) must terminate above R1,28 which is the wave (1) peak.
JSE:JBLLong
by Loyiso_BlaqueSoros_Mpeta
Jubilee to run up in the near futureBullish Falling wedge Right now Jubilee is still in a range (Falling Wedge) The sign that it'll break up is based on the previous uptrend. Price has been coming down but on a very low range and it doesn't seem quite convicing. I want to say if the price breaks up we could see a target of R4.23 CONCERN If the price breaks down, we could also see a target of R1.18 The analysis is neutral right now, but I'm leaning more to the long (bullish) side.
JSE:JBLLong
by Timonrosso
Jubilee Metals (JBL) - Closing Long Idea at +156%10 Months later and +156% higher, my long idea is closed. For those who know me and have closely followed my analysis over the last few years know that I make frequent use of the monthly chart in long term decisions. This was the case with JBL where my buy/long in October of last year (see attached) was based off the monthly chart, suggesting an extending time frame/holding period. I've been having a look at monthlies quite a bit lately and I think re-introducing similar ideas would be be beneficial for clients with long (equity portfolio type) time. For more info on how I make use of, and interpret the monthly chart, get in touch today. Published at: 135c Last Close: 346c
JSE:JBL
by LD_Perspectives
$JSEJBL Looks Booked For More PainA rise from 112c to 417c in less than a year (+270%) is no mean fate, right? There was a corresponding big boom for SA recourses so isn't it always said that the incoming tide lifts all the boats? All is still good and well for those who bought in October '20 but will the profits hold, and is there a chance for some improvement at the current price? • The purple lines indicate that, up to the top, there was a bearish divergence between the price and two shown indicators, and with that in my view always a chance for a change in direction. • The long rising support line (red) was lost in middle of June '21, just revisited at the end of June '21 and is now completely out of touch with the price. • The horizontal (red) line which was resistance then turned support was also temporarily lost once already and now for a second time. • If the horizontal red line is not regained, then it seems the descending triangle (together with yellow line) comes into play with a subsequent break down according to textbooks. Although the two indicators used here seem to be a bit oversold now, which could bring some relief, something like the weekly and monthly MACD's are very far from that and in my view Jubilee Metals ($JSEJBL) could continue to disappoint in future.
JSE:JBLShort
by dawievdwest
2