bought in after the sunday Business paper tip suggesting blue sky valuation of 52p-170p. highly speculative but looked attractive to me having come back from mid 30's high. any holders out there with views on this or aware of broker price targets, recommendations - a short term punt for me at present which I think will retest old highs but longer term it does look interesting as well.

developing into a strong story - positive drilling update today - shares hitting 35.5p - results shortly - hopefully 40p next stop - any other views/holders?

Agree 40 very soon, big buyer out there..

seen 40p already - ok a pull back now - weekend write up in papers somewhere and could see 50p next week - fingers crossed good blue sky potential on this one - by year end who knows? results shortly will also provide impetus

year end >80p

Anyone really understand the "Offer" for Braemore...?
1) Is it Opportunistic ( and therefore shafting long-term BRR investors) . . .?
2) Is the combined company really wotrth the current (ie after the deal) sp, as it has risen considerably prior to the Offer - that in itself is not encouraging, IMHO.
3) Any view on the JLP-Execs . . . . are they active "workers", or deal-makers intent on a fast-buck, I wonder...?
4) Please don't repeat the offer documents, but considered evaluation would be useful (ie strip out company-speak, it is always a "good deal" . ...
EDIT(14Sept09)- Seems the deal is close to 15:1 so not too bad and JLP is already on AIM . . . . but the silence on posts here is an indicator that there is little expectation of early success (of the combined Co) + JLP shares fell just 0.5% today. . . . . . Now, 13:00 hrs JLP = 38-39p

EDIT (28May2010)- 32.5 mid - Oh deary, slow drift down, despit some movement on CONroast, Oops!
EDIT (Jn10), -completed Placing 24m x 1p shares at 33p ... yet, today 30.5/31.5 - still London doesn't use its own money. (Last AGM was 7Oct09)

Find a place where someone does not post all the time and gets tired of reading the posting with no substance.

well here it is
Time to buy again? I did ( 2.80 / 2.85p )

Reasons: Has been around the bottom for some time and now looks like there is interest once again as is moving slowly forward. Platinum has been strong holding over 1,000. Prices paid are now close to offer price on small spread. On the charting front all Indicators are turning after reaching oversold.

3p +0.225p

Well on the move up as Plat prices have jump today to $1064 +$38

Share price was due for that after holding at lows, there is volume on the rise that will help to consolidate

looking to cross 50 days MA

3.175p +0.35p

Keeps moving higher as the volume has gone to 7.5M

This used to trade at £2. Posting when the share price rises by 0.225p to a grand total of 3p really isn't that exciting or worthy of note!

queen1

shall I tell you go to school and learn %

A stock that goes up by +0.40 (+14.16%) is plenty for a trader, and more if is on a day when the FTSE 250 is down by 321 points.

And as it happen I bought last Friday,
never mind you £2, if you have the stock since then, you better sell all Your portfolio, shares are certainly not for you.

>>>>>>>>>>>>>>

3.35p +0.50 (+17.70%)

a supper finish with volume of 13.4M

Rising with volume = Bullish

My point, you pedantic prat, is that over the years the value has been driven from these shares so that they're now practically worthless. And for those who have been in longer than day traders, 14.16% of nothing is still nothing.

you have just been downgraded to >>>>>>>>>>>>Princess

just like that stupid Queen

stop complaining and buy the shares
I forgot you are penniless

note : who cares about the share price 5 or 10 years ago, is now what we are posting about

Aah, I see you studied English at the School for the Gifted.

so as you lost the point,
now is English,
next spelling

note - You are still as stupid as before, so keeping with the downgrade
as the princess wants to have the last word



re - Gifted

Yes some said I am and the proof is on the pudding, I and only I gave the signal to go up the day before it did.
now you try that, and I will give you 3 chances

3.40p +0.20p

Ready to go places today
By the look of the larger trades and share price movement
Yesterday's and the day before pause was a blessing to get the sellers some profits, and yet the Platinum price was well up

Shareholders will be cheered.

Warren Dick | 12 July 2016 00:07

Jubilee Platinum provided a quarterly update for the three months ending June on developments at its Dilokong and Hernic projects that will be of keen interest to investors.

The Dilokong chrome mine (DCM) tailings project involves building a plant with two distinct circuits (or blocks) on site at the Dilokong mine, which is owned by Asa Metals. Jubilee finances, builds, and operates the plant, and in lieu of not paying for feedstock (tailings), shares the earnings with Dilokong.

In the first block, surface tailings are processed to extract chrome and waste. For the three months ending June (during which the chrome circuit completed commissioning), the plant produced 15 188 tonnes of chrome concentrate, with production in June (steady-state) of 7 480 tonnes.

But look how lucrative this was: the chrome circuit yielded revenue of R19.1 million and earnings of R14.2 million, implying an operating profit margin of 74%. Of this, R8.7 million accrued to Jubilee (61%). “The reason it’s so lucrative is that we do not have to buy material to feed the plant with – 60% of the cost of mining is moving material to surface. We have also developed processes to recover metal from other people’s rubbish,” says Jubilee CEO, Leon Coetzer.

The plant outperformed the original design numbers “both in terms of revenue, earnings and operational performance” and this stemmed from better than expected chromite yield. The real beauty of this will only be seen later, because in Coetzer’s words, “the more effectively we remove the chrome, the easier it is to extract platinum group metals, because you would never be able to recover platinum from the [virgin] reef”.

As it stands, Dilokong has tailings of some 800 000 tonnes – enough to keep Jubilee busy there for another five years. Ongoing mining operations continues to add to this.

The second block (that will extract platinum group metals from the non-waste ore coming from the first block) has not yet started construction. “The plan was to build the second block, but due to the situation the platinum industry finds itself in at the moment, we have been approached by a company that has offered to toll process the surface tailings we have access to, because they have surplus capacity. So we have put construction of the plant on hold until we can figure out what works best for us,” says Coetzer.

The second block has been designed to yield approximately 12 000 ounces per annum of PGMs, and is equally as financially attractive as the chrome block. Implementing an agreement with a third party to treat the PGMs would allow Jubilee to begin generating revenues much sooner that it would have should it elect to construct the PGM block.

The much larger project at Hernic will

Although I hold ( from sig. higher sp) I'm not convinced by this Co. - and as for the "Tailings" - a co would be very foolish to scrap hard-won material that contains what they are looking-for. In good days it might be cheaper to "keep digging" but if all you have to do is reprocess and the plant is idle...
So one has to hope any tailings are bought very cheaply, - otherwise it's just buying sand..... since Good Tailings . . . should be . . . at a Premium Price.

Another excellent post by "34DegSouth" over on the III BB.
With events EVENTUALLY starting to follow Jubilee’s plan (Tailings), the amount of potential upside could be EXPONENTIAL!! I’ve sketched what I think could be possible in the next year. This is mostly based on fact (ie. as per info contained in RNS’s, interviews, etc.), but is also based on my reasoning and ‘some’ assumption (please feel free to correct me where you feel that I’m way-off track!)

• Even though Jubilee produced an impressive and forecast 7480t of Chrome concentrate output for the month of June (from ASA tailings) from their ‘New-Chrome-Plant’ at ASA, I feel that this can be further increased (input of tailings only) – to say 9000t/m – refer to my prior two posts re. the reasoning – ie. plant running on average of 13.85h/d – the more likely scenario is that they are running their ‘new-plant’ at varying input feeds (say 50-75t/h), with some periods of stoppage - ~ 9000t/m by Aug/Sep?

• As per my prior postings, I’m hoping that Jubilee’s payment to ASA as per the newly negotiated Business Rescue re. the Chrome Tailings processing is a fixed monetary amount, such that once reached, Jubilee will then retain 100% of the earnings as opposed to the current 61.3% as per their last RNS - repayment Rand target reached by say December?

• I’m hoping that their agreement with the 3rd party Chrome miners are signed soon (next month or so), such that Jubilee can process this virgin 3rd party ROM material at the ASA site – note that, as this is virgin material, the chrome concentrate yields could be as high as say 45% or 50% - ie. 1 ton of concentrate produced re. every 2 tons processed – the profit/return per ton processed will be less than the impressive chrome returns that Jubilee are getting from the ASA tailings, but I’m assuming that the volumes will be far higher than the ASA tailings – ie. multiples of mt’s, such that Jubilee can run and be very profitable at ASA for many years, as opposed to exhausting the tailings in say 18 months – agreements signed by August?

• This is where I see Jubilee utilizing their additional available 50,000t/m of Chrome processing capacity at the ASA site – ie. once these 3rd party Chrome ROM contracts are signed – ie. using the 2nd processing facility at the ASA site (as acquired from ASA as per their Business Rescue). This would enable them to reach the > 25,000t/m chrome concentrate output that they eluded to in their 7 June RNS – ie. there will be two separate feeds – one from the Tailings perhaps through their ‘new-plant’ and the second from the 3rd party ROM material though their ‘acquired ASA plant’, BUT ensuring that their profits are optimal as per this input feed mix - > 25,000t/m chrome concentrate output by Oct.

• Note that there would be an additional PGM output re. this processing of the 3rd party ROM – hoping that the agreement reached is very favourable to Jubilee re. the PGMs produced (as well as the Chrome)

• Hoping for agreement/sign-off reached with the established Platinum miners re. the Benefication of Jubilee’s enriched PGM’s as contained in the waste from Jubilee’s chrome processing – next 4-5 weeks as stated by Leon? PGM production by September?

• 3rd Tailings contract secured by September – Leon did make mention during his presentation of a possible smaller 500,000t tailings dump, but could be one of the larger ones – Samancor? Merafe/Glencore?, both of which are substantially larger than Hernic, with 4th Tailings contract to follow shortly after – December?

• Hernic - Chrome processing plant operational by early December - concentrate from tailings being produced by January? PGM’s by March – additional 3rd party mined ROM contracts signed by Dec/Jan?

• Platinum prices to overtake gold and reach say 1250/1300+ $/oz by Dec/Jan – ie. just when Jubilee are ramping up PGM production/output

• Hoping that Jubilee have no need to tap into/use the Finance secured – a pity that there was further dilution re. obtaining this finance – hindsight is a perfect science!

• Tjate Mining Licence – I’m hoping that this licence is only awarded say Mar-Jun’2017, as per when Jubilee have all of the above fully operational and optomised, such that they don’t lose focus

• Hoping for massive Tjate Mining partner interest just after licence is awarded (and when Platinum prices have recovered to > $1250/oz) and Jubilee have all of the above fully operational and optimized

I believe that most/all? of the above is possible – However, most of which probably won’t follow this perfect order, and my indicated optimal time-frames could be a tad-off!!!

Mentor, no-one else . . . .
...believes the RNS + Co pronouncements - they merely serve to stop everyone selling this worthless stock....whatever the Co might be able to achieve, the Dirs will miss their opportunity and make a fist of whatever remains . . . if you need evidence...the sp graph is a very honest indicator.

The rot set in with precious metals being out of favour - the new generation of cars use batteries, not plat catalysts - and the big boys can produce and Market enough to keep the current metal-price . . . at least until the World finds it needs so much more - that tiny suppliers are able to profit. - And this supposes that JLP has at last got the necessary Men, Machines, Money and Markets.

Until then - who knows- 5-years? - the likes of [JLP] would be wise to spend Nothing to conserve cash, before the whole thing goes belly-up..

Thanks Mentor. . . understood fully....+ Good Luck . . . . .

EDIT (30Aug2016)- Re processing Plant - FWIW I think they'd be better with 3rd-party processing, as it lower risk and whilst their input quality ,ay become "leaked" the output is not going to be far different from "pure" - so the Directors of JLP will know when their own investment is worth the candle . . . and this means they can continue to extract Cash as the Metal-Market struggles. When/If the Metal-Market recovers, or someone offers to build them a Plant on favourable Terms, they should start construction in the longer-term knowledge of what they are likely to be putting-in.
"Not-Doing" is sometimes the most-difficult choice . . but the sp says "Don't" Risk it!

hangon

I am the first to complain if I see something wrong see below from the other thread, and I am only trading the stock and so far I am doing nicely thank you very much now and a few times before, is a question of timing.....

mentor - 20 May 2016 16:25 - 778 of 792

Shame
directors giving themself options at par
that is 1p
money for nothing , there is no incentive on this price
10 years what?

banjomick - 20 May 2016 16:44 - 779 of 792
mentor, it was voted for, please get your facts right-see below:

mentor - 22 May 2016 23:03 - 780 of 792
Shame ... Banjo

voted or not voted, is a BIG shame for directors to get options at par 1p
money for nothing is a dirty game that you like to play but I don't

The Sunday Telegraph:
Shell executives are braced for a shareholder backlash this week after influential retail advisor ShareSoc joined the growing rebellion against its multi-million pound executive pay.

mentor - 23 May 2016 09:45 - 782 of 792 edit this post

LOL up yours Banjo, less copy and paste and more debate is what you need to learn..........

yes, is the principal that it counts, and the Directors have not got it
It is very clear to me, after a withdrawing the options they had at a very high prices, now they are giving them self money for nothing with new options at a very low prices

sold @ 3.2975p
closed bargain T+11, many days left but too static for the last 3 days.
a gain of 16% on 9 working days

now wait for another move down, if it does I will have another go

edit 15th
I see "hangon" has edited ( his or her ) last post since so here it is.....

... Thanks Mentor. . . understood fully....+ Good Luck . . . . .

Bought some @ 3.608p
Why?
GOLDEN CROSS Is happening at the moment and is with volume at the same time is very bullish
Volume and rising, the same happen yesterday and looking for a BREAKOUT from in traday early MAY. Bullish Level 2 at the moment 3 v 1 and able to buy just over middle price. A golden cross is now happening ( 50 days MA is crossing up 200 days )

What is a 'Golden Cross'
The golden cross is a bullish breakout pattern formed from a crossover involving a moving average (such as the 50-day moving average) breaking above its long-term moving average (such as 200-day

Applications of the Golden Cross
The most commonly used moving averages are the 50-period and the 200-period moving average. The period represents a specific time increment. Generally, larger time periods tend to form stronger lasting breakouts. For example, the daily 50-day moving average crossover up through the 200-day moving average is one of the most popular bullish market signals.

3.725p +0.275 (+7.97%)

Keeps moving higher with very large volume, most important is BREAKOUT and Golden CROSS occurred at the same time very bullish always when this happens
From Motley fool

Should You Buy, Sell Or Hold Jubilee Platinum PLC After Recent Gains?
By Rupert Hargreaves - Thursday, 23 July, 2015

Small-cap miner Jubilee Platinum (LSE: JLP) is one of the resource sector’s best-performing companies so far this year.

Over the past three months, Jubilee’s shares have jumped by 86%. What’s more, these gains have come at a time when the wider resource sector is in turmoil. Indeed, the Bloomberg Commodity Index, which tracks a basket of 20 of the world’s most important commodities, hit a low not seen since 2002 this week.

However, Jubilee’s gains have been driven by a number of positive news releases from the company. Small-cap miners have a reputation for rallying following good news, only to fall in the weeks following as the company fails to live up to expectations.

The question is, can Jubilee head higher from present levels, or should investors jump ship while the going is good?

Making progress
Jubilee has been busy over the past year. Development of the company’s platinum surface processing projects has been gaining momentum, and management recently announced the sale of the company’s South African Middleburg operations — the Middleburg Smelter Complex and 70% of the issued shares in Power Alt (Pty) Ltd.

In total, Jubilee received £5.8m for the Middleburg operations. But on top of the proceeds received from the sale, Jubilee will retain the right to a 5MW platinum furnace at Middelburg. This furnace, along with all intellectual property relating to the development of the Platinum in Waste processing strategy, is valued at around £5.2m.

In total, Jubilee’s platinum furnace, along with the proceeds from the Middleburg sale, are worth £11m — 54% of the company’s current market cap.

Mine development
Funds received from the sale of Jubilee’s Middleburg operations will help the company fund the construction and commissioning of its Dilokong mine and surface processing project.

According to Jubilee’s February investor presentation, the capital funding requirement for Dilokong is approximately $21m. The good news is that a number of financial institutions have already offered to lend Jubilee the additional funds required to start the construction of its platinum surface processing projects.

These projects are targeting an estimated 4.4m tons of platinum-containing surface material. Jubilee wants to build two chrome and platinum group metals processing plants to process the material at a combined rate of 80,000 tons per month.

And figures presented at the beginning of this year show that Jubilee’s production target of 80,000 tons per month could yield $14m per annum in operational cash flow. Unfortunately, this forecast was put together assuming a platinum price of $1250 per ounce. Over the past eight weeks, the price of platinum has fallen nearly 20% to $980/0z. It’s unclear how this dramatic fall in the price of platinum will affect Jubilee’s forecasts.

With this being the case until Jubilee starts to produce platinum and generate cash flow, it’s difficult to value the company.

The bottom line
Overall, Jubilee has bright prospects and is progressing well towards its medium-term goal but at present the company is difficult to value.

Courtesy of "deme1" ..............

JUBILEE Platinum wants to make a decision in September on whether to treat platinum-bearing material at a third-party plant or to build its own dedicated concentrator at one of two chrome tailings retreatment projects it will have in production by the end of 2016.

Jubilee has already started extracting chrome from tailings at the Dilokong chrome mine near Steelpoort, upgrading the grade of platinum per tonne of processed material and making a saleable product.

CEO Leon Coetzer said on Wednesday that Jubilee now had the option of generating immediate revenue from the platinum-bearing material by using one of three third-partiy plants that were on offer or building its own concentrator, leading to a seven-month wait for platinum revenue.

At Dilokong, Jubilee had R400m of platinum in low-grade saleable material, but it wanted to raise the concentration of the metal in the material to realise a higher price for it, he said.

It would be silly of the Jubilee board not to consider a third-party concentrator when there was excess capacity available and financial terms that looked promising, he said.

In the year to date, Jubilee has generated R14m in attributable earnings from the Dilokong project by selling 25,000 tonnes of chromite concentrate.

Jubilee is building a second chrome and platinum plant at Hernic’s chrome mine near Brits in the North West and plans to commission it in December 2016. Combined with the Dilokong tailings project, Jubilee will generate 40,000oz of platinum group metals (PGMs) a year and 200,000 tonnes of chrome ore. The Hernic plant will deliver 31,000oz of PGMs in concentrate.

The two projects could generate operational cash flow of $12m a year at a platinum price of $1,250/oz. The combined capital cost of both projects was R290m.

Jubilee was looking at two further tailings projects to add to its suite of projects, Coetzer said, adding that the company hoped to receive its mining right in 2016 from the Department of Mineral Resources for its Tjate deposit to the north of Steelpoort.

Once it had the mining right for Tjate, which has a resource of 44-million ounces of PGMs, Jubilee would see a development partner for building a mine and concentrator.

"The Jubilee you see now is not the Jubilee you’ll see in 2017," said Jubilee chairman Colin Bird.

Jubilee spoilt for choice over concentrator - BY ALLAN SECCOMBE, 25 AUGUST 2016

JUBILEE Platinum wants to make a decision in September on whether to treat platinum-bearing material at a third-party plant or to build its own dedicated concentrator at one of two chrome tailings retreatment projects it will have in production by the end of 2016.

Jubilee has already started extracting chrome from tailings at the Dilokong chrome mine near Steelpoort, upgrading the grade of platinum per tonne of processed material and making a saleable product.

CEO Leon Coetzer said on Wednesday that Jubilee now had the option of generating immediate revenue from the platinum-bearing material by using one of three third-party plants that were on offer or building its own concentrator, leading to a seven-month wait for platinum revenue.

At Dilokong, Jubilee had R400m of platinum in low-grade saleable material, but it wanted to raise the concentration of the metal in the material to realise a higher price for it, he said.

It would be silly of the Jubilee board not to consider a third-party concentrator when there was excess capacity available and financial terms that looked promising, he said.

In the year to date, Jubilee has generated R14m in attributable earnings from the Dilokong project by selling 25,000 tonnes of chromite concentrate.

Jubilee is building a second chrome and platinum plant at Hernic’s chrome mine near Brits in the North West and plans to commission it in December 2016. Combined with the Dilokong tailings project, Jubilee will generate 40,000oz of platinum group metals (PGMs) a year and 200,000 tonnes of chrome ore. The Hernic plant will deliver 31,000oz of PGMs in concentrate.

The two projects could generate operational cash flow of $12m a year at a platinum price of $1,250/oz. The combined capital cost of both projects was R290m.

Jubilee was looking at two further tailings projects to add to its suite of projects, Coetzer said, adding that the company hoped to receive its mining right in 2016 from the Department of Mineral Resources for its Tjate deposit to the north of Steelpoort.

Once it had the mining right for Tjate, which has a resource of 44-million ounces of PGMs, Jubilee would see a development partner for building a mine and concentrator.

"The Jubilee you see now is not the Jubilee you’ll see in 2017," said Jubilee chairman Colin Bird.

Jubilee provides detail on upcoming projects Chrome proving to be a significant business for the platinum producer.
Sungula Nkabinde | 25 August 2016

Although the company remains a platinum exploration and mining company, chrome is now a significant part of Jubilee Platinum’s core business. This is what the company indicated during an update on its platinum surface processing plant projects on Wednesday, where they admitted that the outperformance of its plant at Dilokong Chrome Mine (DCM), was a welcome surprise that forced it to become a chrome producer as well.

Extracting chrome is a critical element of the platinum process, but what was unexpected was the sheer quantity of value that the material would add to the company, having increased month-on-month earnings by 30% to R5.1 million in July 2016.

“The earnings for that project are significantly higher than we predicted, not only for the reason that we are running more efficiently,” said Jubilee CEO Leon Coetzer, “but also because of the agreement we reached with ASA mines to assist their operation, which allowed us to secure a higher percentage of the chrome value for Jubilee’s earnings compared to what was originally agreed when the transaction was announced last year and the main source of income would have been from the recovery of platinum only.”

Jubilee has completed the construction of its 25 000-tonne-per-month (tpm) processing unit but has also secured exclusive rights to utilise the existing chrome recovery circuit at DCM. The company now has access to a large chrome beneficiation circuit and has seen that project more than treble in size and revenue within two months of commissioning.

The combined capacity allows Jubilee to process up to 45 000 tpm of tailings from third-party mining operations to produce chrome and the discard from that process will allow them to recover further platinum material. Coetzer said the fact that they were essentially turning a mine’s rubbish into saleable chrome and platinum made the plant a low capital, high margin business model that the company intends to expand upon moving forward.

The Hernic Plant

The major project, which is expected to be commissioned by the end of the year, will be the world’s largest platinum recovery plant using chrome tailings. It will be at Hernic Ferrochrome Mine in the North-West and is expected to deliver 33 000 ounces of platinum group elements (PGEs) per annum. Although the target is year-end, Coetzer said that timeline was for the platinum recovery process, meaning that the chrome recovery process will have begun before that.

“We first have to remove the chrome (from the surface tailings) to produce a chrome concentrate that is then sold as a final product, prior to recovering the platinum” said Coetzer.

Jubilee Chairman Colin Bird, expressed confusion at the market, which seemingly has not priced in the value of the chrome business, which essentially, would generate enough earnings to cover the full operating costs of the platinum recovery operations.

Jubilee’s share price has not changed in the last seven weeks, but has dropped 25% in the last six months to 63 cents per share.

Said Bird: “This situation has changed so dramatically in our favour that I have difficulty understanding what the problem is. We are now getting money much earlier. We are stockpiling a stack of money, and deferring expenditure… I have difficulty getting around the fact that the market doesn’t seem to appreciate that we are now getting rewarded from something that is a by-product of what is the core function of the business.

Tjate Platinum mine

Having completed exploration drilling at its Tjate Platinum operation, which is adjacent to Anglo American Platinum’s Twickenham mine and Impala Platinum’s Marula mine, the company is still waiting to be awarded a mining right. The property covers 5 140 hectares on three farms and has a resource with 44 million ounces of PGEs and gold attributable to Jubilee.

“We are now waiting for the frustratingly slow administrative process (for getting the mining right) to be complete, so that we can take that project forward,” said Coetzer, adding that he hoped the process would be completed by the end of the year.

Already on the up and plenty of buys to justify the rise
already stronger on the bid by the no. of MMs and also paying almost full offer, so should be soon on the move up again

3.725 +0.075 (+2.05%)

Nicely moving forward for the last few days

StockMarketWire.com
Mine-to-metals specialist Jubilee Platinum, on behalf of its subsidiary, Jubilee Tailings Treatment Company, has issued a performance, operational and financial update of its chrome recovery section of the Dilokong chrome mine tailings project.

Highlights
DCM Project
- Chromite concentrate production up 7.86% to 10 430 tons for the month of August 2016 compared with July 2016

- Expansion of new tailings deposit area after removal of chrome has commenced to allow for further increase in Chrome production from processing of surface material. Expected to be completed over 3 months.

- Project revenue generated from chromite concentrate sales up 7.02% to £0.737 million for the month of August 2016 compared with July 2016 (ZAR 13.15 million, 9.47% increase)

- Chromite project earnings up 8.37% to GBP 0.559 million for the month of August 2016 compared to July 2016 (ZAR 9.98 million, 10.86% increase)

- Earnings attributable to Jubilee for the month of August 2016 from chromite concentrate production up 7.11% to £0.314 million (ZAR 5.6 million, 9.57% increase) compared with the month of July 2016

Hernic Project
- Construction of the 660 000 tons per annum platinum and chromite processing plant continues to progress to schedule targeting commencement of commissioning in December 2016

- Project Capital expenditure to date of £7.2 million (ZAR 127, 8 million) equivalent of 65% of total projected capital. This is commensurate with the percentage project completion

Chief executive Leon Coetzer said: "The DCM Project continues to achieve exceptional performance both in terms of revenue and earnings from chromite concentrate sales as well as operational performance. The month of August has shown further improvements from the stable operations achieved in July.

I am very pleased with the progress made on the construction of the Hernic project which remains on schedule and in budget. We refer shareholders to our website for updated project pictures of the construction site."

sold @3.51 16.12.16 wash me face. i would like to wash me face a bit more
faced with 1bn + shares in circulation 4p is not on the table, metal prices to stik
a buy below 3p. BB

Jubilee Platinum’s 96% upside - By Alistair Strang | Wed, 8th March 2017 - 09:27

AFC Energy's (AFC) potentials appears to have been well received but we doubt our immediate thoughts on Jubilee's immediate prospects will make folk terribly happy.

Essentially, should Jubilee Platinum (JLP) mid-price now trade below 5.575p, we'd anticipate coming weakness toward 4.75p.

While this is not scary, the influence of the 'red' uptrend hopefully will provoke a bounce as movement below 'red' enters the danger zone as we're showing 3.1p as possible.

However, we'd prefer to exhibit some optimism here as the big picture doesn't suck.

The recent spike to 7.5p was fairly significant, showing a "higher high" and now suggesting closure above 6.5p should herald growth toward 8.25 initially, with secondary a very probable 10.75p.

It makes us suspect any near term shenanigans toward 4.75p can probably be regarded with favour as a potential entry point.

New RNS out boyo , seems good .

StockMarketWire.com
Mine-to-Metals specialist Jubilee Platinum has executed a framework and processing of tailings agreement with PlatCro Proprietary Limited.

Jubilee said it had acquired rights to 1.25 million tonnes of new platinum-bearing surface material at estimated grade of 2.7 g/t 4E PGMs (platinum, palladium, rhodium and gold) as well as all future platinum bearing material processed at the PlatCro.

Existing surface material is estimated to be 1.25 million tonnes at an estimated grade of 2.7 g/t 4E PGMs.

Jubilee said the acquisition was targeted to add 14 000 oz PGMs annually to its existing PGM production from tailings and 3rd ore and placed the company's production trajectory at stable operations at 50 000 oz PGMs per annum with no exposure to deep level mining.

Jubilee said it would acquire PlatCro's existing surface material for a total consideration of £3.13 per tonne of surface material remaining after the on-going further recovery of chromite from the surface material by PlatCro.

Chief executive Leon Coetzer said: "I am particularly pleased with this acquisition which together with our existing platinum and chrome projects demonstrates that our long-term efforts are accruing credibility within our industry and adding to shareholder value.

"At stable operations the combined projected output from our projects is now targeting 50 000 oz PGMs per year from tailings resources, which do not attract the burden and risk of hard rock mining.

"Our object is to process the material in the short-term and utilise the cash flow from these operations to further advance our mission.

"We continue to aggressively pursue further similar opportunities."

£ 50 rev in the future, need to go back in the future can't find the gigawatts. BB

RNS out and results and more info Friday . They are now a producer .

5.40p +0.30 5.88%

As Platinum has been rising lately, share price has eventually doing much the same, after a flat bottom on thee chart

Let's hope some good news coming shortly .

Are we ready for the big push?

The chart say so now
What else can do that to happen ..........

"Placing done.
Hernic producing
ASA cash generative
Two more projects underway
First Platinum produced at Hernic last week
JV being sought fir Tjate
Anglo told to get stretched re Quartzhill as M/R makes their offer look ''SILLY''
HERNIC debt 22% repaid from ASA earnings
Hernic within budget"
Should be debt free in the Autumn

The video on YouTube from the CEO at investors show:
this was a very positive presentation, showing great progress in production, revenues, and new opportunities coming to the fore

CEO presentation at Investors show

Market Update-Highlights

HERNIC
· First commercial platinum concentrate production in March 2017 with production ramp-up continuing

· Platinum concentrate achieving 100g/t 4E PGMs (platinum, palladium, rhodium and gold)- 20% above contractual grade

· Targeting steady state production of 1100 tonnes of platinum concentrate per month

· Full design throughput expected to be reached during June 2017 on completion of the hydraulic-mining process to reclaim the feed material from the surface platinum stocks.

DILOKONG CHROME MINE
· Earnings attributable to Jubilee for Q1 2017 from chromite concentrate production up 10.87% to GBP 0.408 million (ZAR 6.66 million) compared with Q4 2016

· Chromite concentrate production reached 14 973 tonnes and production rates have been restored to previous levels following successful expansion of the new tailings facility

PLATCRO
· Jubilee executes the first payment of GBP 1.16 million (ZAR 22.8 million) as an upfront payment of all related future royalties to the PGMs. The payment was funded from the proceeds of a placing recently concluded by Jubilee as announced on 17 March 2017. The existing surface material at PlatCro is estimated at 1.25 million t with an estimated grade of 2.7 g/t 4E PGMs. The payment secures Jubilee the sole right to future earnings from the platinum-bearing material.

LEIGH CREEK COPPER MINE PROJECT
· Jubilee is finalising its due diligence ("DD") on the Leigh Creek Copper Mine ("LCCM") project

· Completion of the DD is expected by the end of May 2017.

TJATE DEVELOPING MINE PROJECT
· Tjate notarially excutes the granting of its Mining Right

· Commenced review of the project's mine works program and associated technical design criteria.

Leon Coetzer, Chief Executive commented:
"I am very pleased with the progress being made in all aspects of the company's performance including project build, operations and new business development.

I am particularly gratified with the way our team tackled the Hernic project, which was delivered on time and budget. The scale of the Hernic Project represents a real challenge as a small developing company and the outcome demonstrates our readiness to embark on other similar size or larger projects. The commissioning and ramp-up of the Hernic chromite and platinum recovery plant has shown great progress reaching 74% of designed throughput. We look forward to ramping up production to full capacity over the coming weeks as we bring on-line the final processing unit which is the hydraulic mining of the feed material. Already the platinum and chrome processing plants have met the commercial specifications for both the platinum and chrome concentrates produced.

The DCM project is again producing back at its previous levels following the commissioning of the expanded tailings storage facility for the enriched platinum material. Our new PlatCro PGM project has advanced with the first upfront payment being made for the PGM' related royalties. The payment secures Jubilee the sole right to future earnings from the platinum-bearing material. The final payment will fall due once regulatory approval is received to commence processing of the platinum-bearing material.

Our due diligence of the Australian-based surface copper project is concluding soon with final review of the schedule bulk trials underway. The project offers the potential of a rapid project start-up to commence producing copper from at and near surface resources, leveraging off Jubilee's processing expertise.

The significant milestone reached with the Tjate platinum project continues to demonstrate our aggressive pursuit to continuously advance the Company's mission of a Mines to Metals Company while growing shareholder value. The project scope and linked mine work program for the Tjate project is being updated which will define the development strategy for the project.

Our new business development is advancing at an encouraging pace and we are confident that we can make further acquisitions to complement our existing projects and extend our brand and capabilities into other global surface projects."

4.15p +0.45p

US$50m project funding agreement executed ("Agreement")

Highlights
· Jubilee executes a US$50 million project funding agreement in support of its growth strategy for its metals recovery business
· The project funding is structured at project level to minimise dilution and enhance Jubilee shareholder value
· Jubilee is now set to accelerate its expansion into the extraction of metals not recovered at the first processing path reaping significant benefit
· Jubilee targets to capitalise on its internally developed and proven process excellence
· Combination of secured funding and a proven track record secures Jubilee in pole position in the reprocessing arena

OVERVIEW
The objectives of our Metals Recovery Strategy are threefold:

- Secure low risk, low capital intensive, long-term commodity production from mine waste at an attractive point on the global cost curve by using advanced, environmentally sustainable metal recovery techniques;
- Diversify across multiple commodities including platinum, cobalt, copper and gold to hedge income risk and to align with global trends; and
- Rehabilitate the adverse footprint left by legacy mining in accordance with International Environmental Standards.

The key features of the Agreement are: -

· Funding will be provided at project-level directly to the Jubilee project subsidiary by RiverFort
· US$50 million pre-approved debt funding targeting multiple surface based metal recovery projects based on established individual project criteria
· The funding commitment is for an initial 33-month period with the flexibility for mutual extension
· In recognition of the funding commitment, RiverFort has been granted the right to exercise a 2.5% maximum preference equity stake in the subsidiary Jubilee Processing

Leon Coetzer, CEO of Jubilee, said:

"The execution of the funding provision is a key enabler towards unlocking a significant portion of the very large global potential that exists in the reprocessing of surface materials.

It said the project funding was structured at project level to minimise dilution and enhance Jubilee shareholder value and it was now set to accelerate its expansion into the extraction of metals not recovered at the first processing path reaping significant benefit.

from Proactive Investors

Jubilee Platinum executes US$50mln project funding

Pre-approved debt funding is being injected at project level directly, by investment group RiverFort Capital Group.

The company highlighted that the deal is structured at project level to minimise dilution and enhance shareholder value.

Pre-approved debt funding is being injected at project level directly, by investment group RiverFort Capital Group. The funding commitment is for an initial 33-month period.

“The execution of the funding provision is a key enabler towards unlocking a significant portion of the very large global potential that exists in the reprocessing of surface materials,” said Leon Coetzer, Jubilee chief executive.

TOP STORIES

He added: “The key to unlocking this potential, is the combination of our specialists' team with our historical expertise in metals extraction technology.

“This enables us to implement suitable mineral and metal extraction solutions through the use of state-of-the-art, environmentally friendly and sustainable technologies, for which Jubilee Processing is renowned.”

Coetzer highlighted that Jubilee has identified a significant pipeline of these resources with cash generative potential, and the company is carefully ranking these projects to pursue them in the short term.

Small Caps Request Show: - By Zak Mir - August 9, 2017, 10:49 am

Jubilee Platinum (JLP):

Apparently, there has been a recovery of late in the Platinum price, something which Donald Trump’s “fire and fury” on North Korea
can only help, as long as of course we are not all irradiated. Looking at the daily chart of Jubilee Platinum it can be seen how the stock
has been bumping along the bottom of a wide rising trend channel which has been in place since the beginning of the year.

The message currently is that even though the stock has gapped up well through the rising 200 day moving average – a decent signal
for aggressive bulls, it may still be worth waiting on a weekly close through sticky resistance at 5p before cautious traders feel
they can press the buy button. The upside through 5p is seen as being a rather obvious March resistance retest around 7p.

Funding... All very well, but the details are not forthcoming...what are the Terms and penalties . . . mining and Metal-prices being particularly risky... even if they aren't digging a hole, there may be complete rubbish further into the heap. We are told there is little dilution, yet no-one provides $50m of funds without getting a substantial position and reward..... here again JLP has shown itself to be waiting until the last moment to get a move-on.... which they could have done via a Placing....Oh yes that's too expensive... well not if the Story is believable. However, I shall wait and see . . . The current sp is 4p.... quite a miserable level, compared with years ago.

4..05p +0.125 (+3.18%)

Some bounce today as a - 1 share trade appeared on the ticker @ 9.02am - usually is said prelude to RNS tomorrow.

Starting to move now after podcast the other day , lots of behind the scenes activity .

metal prices hold increase at existing level J L P in the black xmas 2018 BB

2017 full year £ 7.4 m Revenue] B M R deal, good long term should metal prices hold. @ present prices.[ J L P s/p 10p xmas 2018 BB

Glad to read the name-change to Jubilee Metals won't affect the EPIC... far too often companies hide their bad performance by name-changes. I used to follow this avidly...then the sp started to slip and now at 3p4 it's showing signs of departure.
Such a shame, but mining in a far-away place and without Sales there is nothing to base any value on.
I don't understand how BB thinks they will recover for this time next year. Metals are still in excess supply and JLP needs a shortage to be considered, as they have only small qty - if any.
EDIT ( 19July2018).... sp =- 2p4 now; even with Ann. of improved metal recovery

Projects Status Update

Projects Highlights
· Hernic project achieves record production of 2 101 PGM* ounces for the month of May with Q2 2018 already touching 4 000 PGM ounces in the first two months

· First PGM material from PlatCro targeted for delivery to Northam in June 2018

· Construction of Kabwe project underway with initial focus on the zinc leach circuit

· Implementation of the fine chrome recovery circuit at DCM underway

* 6 Element Platinum Group Metals

Leon Coetzer, Chief Executive Officer, says:
"I am particularly pleased with the performance of our Hernic operation. The Hernic operation continues to set new benchmarks quarter on quarter with May setting a new record high delivering an impressive 2101 PGM ounces. At the current production rates we are expecting to increase the production of PGM ounces by more than 20% during Q2 2018 compared with Q1 2018.

We have awarded the transport contract to commence with the delivery of ourPlatCro PGM material to Northam Platinum for the recovery of the PGM's..

The construction of our Kabwe project is underway following the reinstatement of the mining licence by the Zambian authorities. Our initial focus is on the implementation of the zinc recovery circuit. I will provide further details and clarity on the project following my presentation to the Zambian Mining Department later this month.

At DCM we have commenced with the implementation of the hydro-mining circuit to replace the mechanical reclamation of the tailings material. This switch-over forms part of the installation of the integrated fine chrome recovery circuit which is the pre-cursor to the platinum recovery circuit at DCM."

StockMarketWire.com
Jubilee Metals Group said Monday said the construction of the zinc recovery circuit at the Kabwe project, and development of the lead and vanadium recovery circuits were underway.

The full circuit design and project financial parameters targeting the three metals, zinc, lead and vanadium are expected to be completed by the end of August 2018.

'Our initial focus is on the completion of the zinc recovery circuit while our research and development teams conclude the testing of the lead and vanadium circuit design parameters,' Leon Coetzer, Chief Executive Officer.

'Our process development teams have been able to determine a more suitable process solution than the originally contemplated acid and brine solution for the extraction of the various metals at Kabwe.'

'The updated process flowsheet offers the potential to both improved capital efficiency as well as reduced circuit complexity.'

StockMarketWire.com
In its quarterly operations update, Jubilee Metals Group reported an increase of 41% quarter on quarter to GBP 1.61m in the project earnings of its Hernic Platinum and Chrome operation in South Africa. This reflected the low variable cost bast per PGM ounce produced.

Hernic project revenue increased by 25% to GBP 3.31m over the period while PGM production rose 18% to 5,800 ounces.

The second quarter also included a record production of 2,100 PGM ounces in a single month. The firm expects to further increase this production rate.

"The Hernic project continues to perform well. The increase in PGM ounces produced had a significant impact on the earnings soaring by more than 40%. The lower feed supplies which hampered production in June has been overcome and the project is poised to break through 6,000 ounces per quarter, " said Leon Coetzer, Chief Executive Officer.

"The construction of the fines chrome recovery plant at DCM [in South Africa] is underway and we have commenced with our PGM PlatCro project which targets to double our PGM processing rate by February 2019. We have also commenced with the construction of the zinc recovery circuit at Kabwe while the design of the lead recovery circuit is being concluded," he added.

The Group aimed to complete the fines chrome recovery plant during the fourth quarter and expected to conclude the final design parameters for the Kabwe zinc, lead and vanadium project in Zambia in the third quarter.

It expected to start platinum recovery at its PlatCro Platinum project in South Africa next February.

aim cancels b m r listing today. j l p goes up as JLP will now get BMR fo a song

investors in BMR are the losers, another scam. BB

aim cancels b m r listing today. j l p goes up as JLP will now get BMR fo a song

investors in BMR are the losers, another scam. BB

anyone done the sum's rev 2018 year platinum alone, to buy more @ 2.40 ?
price plat still going down to 780 23.8.18 [ note 2008 750 oz ] an E P S ?
profit, when, more work & figs to to be real, not forcast. BB

Well, BMR-investors at least can sleep soundly, after a quiet cry.... whereas JLP investors have watched their Co. from about 35p-average 8-years ago slip away to about 2p.
So, even if JLP hit a stream of Liquid Gold.... is there anyone that would bet they'd see it? . . . let alone make money for L-T investors? . . . I think I bought av=15p, so my "Rule" is not to invest again, until my original is in profit - somehow I suspect that will be a long-way off. +Maybe JLP will have new Management by then...?
Zzzz.