Any holders out there - there's some buying going on.....

Pete, nothing wrong with taking profits, I took my 50% profit on EME this week, only time will tell if a good move or not.

Hey'all,

Good to see people sticking with this - those holding fromsub 40 days are sitting on a nice profit, and patience will prove very worthwhile. IMHO, I think we can see 100p plus within the year, as Andy mentions. The drilling results have been great and I think we'll see 80p hit today....

Sooner44

I'm still in from sub 40p and enjoying the ride!!

I like the 'sum of the parts' estimate of 216p per share. I think that I'll be hanging on to these for the ride. If we get half way close to 216 it should make us all happy. If I held a lot more of these it would compensate for the beating I've taken on BUR today. The market giveth and the market taketh away.

Hi PondLife - I know the feeling. I have been hit on BARC today, and missed the chance to top when sub600 the other day. But hey, things come things go. At least this is looking cool. We didn't the hit the 80p mark, but maybe tomorrow. There's some good movement daily, and a strong finish to the week would be nice.

Enjoy the ride...

What do we think to this then chaps?

Jubilee today announces that it has agreed terms for a Joint Venture with MSA
Projects (Pty) Ltd ('MSA'), which will allow the Company to earn a minimum of
70% interest in the prospective Grass Valley Platreef project in the northern
limb of the Bushveld Complex. The earn-in option is valid over a period of 33
months, mainly through the funding of exploration by its wholly owned subsidiary
Windsor Platinum Investments (Pty) Limited ('Windsor') and the staged issuing of
Windsor shares to MSA.


Highlights

Jubilee acquires option to earn-in to a 70% interest in the Grass Valley
platinum group metal (PGM) project in the northern limb of the Bushveld
Complex

The 663 hectares project, represents possibly the last remaining
untested block of Platreef ground in the Bushveld Complex

Five kilometres of potential Platreef identified in outcrop

The project is located between exploration successes including the War
Springs, Rooipoort and Volspruit deposits

Open-pittable PGM deposits predominate on the Platreef

The project has Prospecting Rights and is drill ready

The terms of the Joint Venture give Windsor the right to undertake an
exploration programme including drilling, for which prior to commencement
Windsor will pay MSA ZAR140,000 and Jubilee will grant MSA a five-year option,
from date of the issue of the prospecting right, to subscribe for 500,000 shares
in Jubilee at the share price plus 15% prevailing at the time of subscription.
After commencement of exploration, Windsor will earn-in to up to a 70% interest
in the project by funding the programme in stages and by the issuance of Windsor
shares to MSA. The issue of Windsor shares to MSA will depend on the level of
exploration funding committed by Windsor and the technical/commercial success of
the various exploration stages. MSA will have the right to convert the Windsor
shares to Jubilee shares up to a maximum of 5,500,000 Jubilee shares.

Jubilee and MSA support both the philosophy and intentions of the Mineral and
Petroleum Resources Development Act (MPRDA) and the Mining Charter of South
Africa and the agreement makes provision for a suitably qualified Black Economic
Empowerment partner.

Colin Bird, Chief Executive for Jubilee said: 'This position is a major step
towards securing an open-pittable resource in the northern limb of the Bushveld
Complex. The strike length of this resource is considerable and we intend to
progress work on this target quickly. Soil geochemistry on the property and the
mineralisation on the surrounding farms indicate a drill ready target. The
shares issued to MSA will be against project success and thus for the Company
there is significant mitigation of both technical and financial risk.'

The 663 hectares Grass Valley Platreef project, which represents possibly the
last remaining untested block of Platreef ground in the Bushveld, is situated
just south of Mokopane (formerly Potgietersrus), squarely between the Platinum
Group Metals' War Springs deposit, Caledonia's Rooipoort deposit and the Pan
Palladium Volspruit deposit.

Approximately 5 kilometres of potential Platreef outcrop have been identified
through a geochemical soil-sampling programme undertaken by MSA during 2004. A
comprehensive diamond-drilling programme is currently being designed to drill
test these anomalies and will form the basis of initial resource estimates. The
initial phase of diamond drilling is planned to start during the first quarter
of 2006.

The Platreef is a wide platinum bearing reef occurring along approximately 100
kilometres of outcrop on the northern limb of the Bushveld Complex. This open
pittable reef zone has been the focus of significant and well publicised
exploration during the past five years, with companies such as Angloplats,
Anooraq, Ivanhoe, Platinum Group Metals, Pan Palladium and Caledonia having
embarked on extensive and successful drilling programmes in the zone.

One of the major benefits of this wide reef zone in general is that, in addition
to significant contained platinum and palladium, there is also substantial
associated nickel and copper credits, making the Platreef an exciting, low-cost,
polymetallic prospect.

Looks good to me. Another prospect delivered by a company with a good track record. JLP looks better every day.

JLP is looking perky today :-)

JLP has been on a stunning run of late, including breaking through the psychological 1 barrier today. I hadn't posted as I didn't want to jinx it! But the news regarding the joint venture with Impala Platinum Holdings seems to have done it anyway. The sp has bombed on the news but I can't see why. Any thoughts?

Sell on the news? Clearly the deal was already in the price.

I'm not convinced Pond Life. It would mean an awful lot of people knowing this was coming and an awful lot getting out again. And if the deal is any good, why get out at all? JLP is a major success story waiting to happen and today is just the latest chapter. I'm still baffled.

Reading on other threads, it would appear that some people are less than impressed with the deal. Others think that it is a good deal and will take time for it to sink in. We'll see, no doubt. Happy to continue holding.

I too read this as a good deal. It may be that many were awaiting an excuse/reason to take profits (which have been extensive). I am holding having got in at 40p its a long tyerm for me.

I'm exactly the same Oakapples142. In at 38p and hoping to exit at 380p!!

We are on the way back "queen1" - could end the day at the magic 100p again. It is likely that many of those who sold yesterday have made even more profit by buying back in to-day. Good luck to them and us - I am of course awaiting 400p for my second tenbagger !!!

Let's split the difference and settle for 390p! What was your first tenbagger by the way?

Back down we go. 1 looking a long way off again, let alone 3.90!

Ohh er.

This is the most bizarre market I have ever seen. The selling on JLP is TOTALLY overdone. What is wrong with people? :-)

Hi queen1 - oh dear - wrong again - but we can wait. My 10 bagger was PDX bought Nov 2002 at 24p sold Oct 2005 at 247p. Bought in again and now down but I owe the company and have faith in the product.