Jubilee’s board of directors has unanimously recommended that shareholders vote in favour of the proposed sale of the company’s South African chrome and platinum group metal (PGM) operations to One Chrome for up to $90-million. The company said in a circular published on August 12 that the transaction, if implemented, would strategically reposition Jubilee within the copper sector, which it said had significantly greater investor recognition and valuation multiples supported by a well-defined peer group.
