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.

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."