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

Jubilee Platinum said it has raised its beneficial interest in Tjate Platinum Corp (Pty) Ltd. to 63 percent from 48.72 percent after it got approval from the South African Reserve Bank to purchase all 5,300 of the 'A' preference shares in New Plats (Tjate) Proprietary Ltd.

The purchase consideration is 71.4 million rand ($8.9 million) by way of issue to New Plats shareholders of 8,016,669 Jubilee ordinary shares - representing 7.09 percent of its enlarged issued share capital - at a price of 8.91 rand or 63 pence per ordinary share.

Although I know JLP are targeting other metals, just a note of caution over the future of platinum:
"Platinum demand by the automotive sector would have been much higher than 4.23 million ounces, except that the industry aggressively responded to the increasing input costs for platinum by remanufacturing catalytic converters for gasoline engines to use much cheaper palladium instead of platinum. Yet the automotive industry has not been able to substitute away from platinum as easily for its diesel engines catalytic converters. But with prices on the order of $2,069/ounce, the industry has a powerful incentive to invest in new technologies for emission control that will reduce the industry's need for the white metal.

With production of this scarce metal so heavily concentrated in one country, any disruptions in South African supplies of platinum would have an immediate effect on world prices. When South Africa experienced power shortages in March 2008 and had to curtail power to the platinum mines, the price of the white metal reached its all-time peak. Unfortunately, South Africa has an aging power infrastructure, so power shortages and temporary disruptions will likely persist for at least the next five years, if not longer. Even rumors of power disruptions in South Africa could trigger periodic spikes in platinum prices for years to come.

The crux of the issue for platinum holders is how the see-saw of prices, demand and supply will tilt in the coming years. According to many industry analysts, the current high prices and worries about "supply shocks" from disruptions in South Africa are rapidly pushing industrial users of platinum to look for other approaches. If prices stay high - or if a combination of power shortages, ETF demand and other factors push prices higher still - that could ultimately lay the groundwork for a significant long-term drop in prices and total demand."

jubilee certainly has tanked,but in common with most mining stocks seems to now be on the up.
What is the outlook.
up over 10% today

Looks like a good double bottom breakout has occurred. Have I missed the boat?

23p as platinum price has dropped miserably. No demand as China is feeling the crisis too.

Good of you resurrect some of these long forgotten great prospects.

Any more?

BB. perhaps?

(joking, what went her I wonder? erm....... recession of the world perhaps?)

It'll be the sandwich bars that feel it next I fear, time to sell bacon butties.

Colin Bird is at it again with news that JLP has discovered gold in Madagascar wow! What happened to the fantastic platinum discovery in South Africa?

Still one to keep an eye on though.Let's hope that it's not Fools Gold!

More boreing news today!

You can put this one in an Isa....but it never seems to get going....sooner or later it will go up but when ?.

Does anybody hold any hopes of a recovery for jlp?

Price now up by half to 12p in the last few weeks.
Still only a tenth of its' price of 2 years ago.
Any buyers out there?

Strange that this one doesn't follow the same path as AQP.
Company is loss making & also seems to be doing endless feasability studies with little product actually coming out of the ground. AQP much better play, imo.

Somebody will snap this up or a tremendous investment could be coming from a major !.

Is that comment based on fact or just hope? I assume you are a long time holder RF.

Been in and out many a time, but bought back last week as I noticed upwards movement on the stock !.

We all talk about KAH and their massive uranium deposit but little Jubilee here has a big platinum deposit in the ground and 5 million or so in the bank.....uranium is the flavour of the month, but these metals take turns in rising and JLP's turn could be coming !.

Shares mag was very bullish maybe a year ago,but like all the mining stocks was really clobbered. Up until now,unlike most other mining stocks, have seen no recovery.Maybe some rebound is overdue

Here we go ! nice rising trend now from Jubilee at long last and not too surprising when you consider the the value of their deposits in the ground, ...good little Isable stock here, ...does wonders for the portfolio !..