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

Almost right john.

Colin Bird is non-exec chairman of Pan African Resources (PAF).

Platinum rose on news of strike call at Angloplat in South Africa, the World's largest producer, in a row over pay.

Jubilee Platinum said it has received 'pleasing results' from its borehole ANT009, drilled on the Antsahabe prospect in the northern area of the Londokomanana property in Madagascar. The company said it intersected a wide zone of nickel and copper sulphide mineralisation at 30 metres depth from surface.

The Londokomanana project is a joint venture with TransAsia Minerals Ltd, which has the right to earn into 51 pct of the project for 7 mln usd.

Strange that JLP is suffering so much in light of strong platinum price and good news release re Madagascar and starting of bankable feasibility study on Tjate, etc. Very good potential here, regularly updated and increased targets over 200p from Tom Winnifrith, etc but still it slides ! Surely this will bounce back up significantly in the near future, unless there is something majorly wrong in the background, but if bad news was leaking I would expect it to crash more than slide ?! Any ideas or news rumours anyone ........?

extract from RNS of 13/12 tells most of the story ..... The grades are not quite economic, with deposits in the Bushveld more commonly 1 metre and 5 g/t+ 4E,' said Brock Salier, an analyst at Ambrian Capital.

there is the prob that this has very low cap, and the majority of that is likley to be tightly held .... it follows, that a very small amount of trading may easily move sp disproportionately

Cynic would you categorise JLP as a "blue sky company" or a "pig in a poke"?

no idea ... it's not a share i have ever looked at before

A good rise of 11% today following weeks of declines. A dead cat bounce or the start of a recovery?

Queen I dont think this is a dead cat bounce, especially when there were over 500k buy versus 23k sells. I have been watching this for past week waited for the confirmation of turning into bull run. Looks likes its defo turned today, so I'm in.

Queens did you know there was a company presentations issued

http://www.jubileeplatinum.com/releases/jubilee_presentation_feb08.pdf

Probably explained the interest recently

No I didn't but thanks for the pointer R88AVE. And welcome to JLP!

Nice steady rise I see, has it broken the downward trend then do you think Queen?

Certainly another positive day so far R88AVE. The first hurdle will be to breach, and stay above, 85p. The next required breach will be about 97p. After that I don't see any reasons for the SP slowing until the 125p level, last seen in June last year.

Its up 13% in South Africa stock market today. Does UK sp usually follow day trend in other stock market?
The sp is hugely different with exchange rate consideration. Why is it that? I thought normally sp would follow similar prices.

To be honest I'm not sure but 13% is again very encouraging.

Jubilee Platinum said its latest Madagascar borehole, ALF008, has intersected nickel-copper sulphide mineralization on the Ambodilafa prospect with higher grade intersections assaying 0.45 pct nickel and 0.16 pct copper.

'This is another good borehole result from the base-metal sulphide mineralized area on the western margin of the prospective Ambodilafa property,' chief executive Colin Bird said.

The company said its 2008 programme, which will include a significant amount of drilling, will focus on the base-metal sulphide mineralized area as well as on the platinum discovery some 2000 metres to the east of borehole ALF008.

Good timing of the news release I was beginning to think the sp was in make or break today. Upwards and go!

Possible climb up to 80p coming, and not too soon !

Although it was flat today its encouraging 225k buy late.



I think the falling trend since July last year has been broken

Interesting to see sp testing and finding support today. Looking at above graph it bounced off 69p mark which looks like it above downward trend line. Rather bullish i would say. Hopefully it will stay above tomorrow.