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

Fell off a cliff this afternoon. Anyone know why?

Don't know whats going on here but 3.9m sells in 2 minutes, one of >2m which is greater than 3% so we should get an RNS.
Could it be shares being freed to make more liquid ahead of Tjate drilling results or has something gone wrong, if the latter surely we'd have news in public domain before a sell-off?
JLP has so much potential, NAV already >50p and if Tjate confirmed as world-class mine it will increase, I'm hanging on in and maybe buying more as JLP is currently <5% of my portfolio so no need for me to panic.

Ive had this on my watchlist for a while now and depending on what the sells were in aid of i might be tempted to purchase some of these next week!

andysmith, you're right, there should be some news tomorrow. I'm hoping that it was shares being freed but we'll have to wait and see.

blackbelt, this one really is a shirt from your back or Ferrari in the garage share. If you do get in and it goes wrong you'll lose your initial investment (well, pretty much all of it). However, it it goes well and Tjate is a winner then you'll never look back and make many times your initial investment. That's why I'm in. For me, the potential reward outweighs the potential risk. Good luck with your decision.

19/7/2005 - Old news but here are the techs behind the last DT2 results.

Are these results good or bad?

The article seems a rehash of the RNS of that date.

As long as there is no bad news, I see this drop as a buying opportunity that I thought I wouldn't see again.

No RNS, so likely seller on Friday had and still has >3%, encouraging sign unless we have more big sells. This has massive potential, worth hanging in.
If no bad news by Friday I'll have some more at these prices.

Nice steady climb for a few days - Perhaps an RNS next Monday - I have topped up

Could this be the start of the next leg up as we've been languishing between 32-38p for months now?

been watching this for a while, price picking up a bit, but still not convinced...

MCap now looking seriously low ....


Major Discovery in Madagascar

RNS Number:8066Q
Jubilee Platinum PLC
05 September 2005

5 September 2005



AIM: JLP

JUBILEE PLATINUM PLC

("Jubilee" or "the Company")



Jubilee Makes a Major Discovery in Madagascar



Drilling Intersects 70 metres of Nickel-Copper-Platinum-Palladium Mineralisation



Jubilee is pleased to announce the results of its first borehole LAV1 drilled on
the Lavatrafo property (Londokomanana Project) in Madagascar. The Londokomanana
Project is located approximately 150 kilometres north of the Madagascan capital
Antananarivo.



Highlights



* Drilling intersects a 70 metre-wide multi-metal
(nickel-copper-platinum-palladium) formation at shallow depth (37metres)

* Intersection over the entire width (from 38metres to 108metres) grades 0.23%
nickel (Ni); 0.11% copper (Cu) and 1.05g/t 3E (platinum (Pt), palladium
(Pd) and gold (Au))

(The full results are appended below)

* Pt to Pd ratio is 1 to 1

* Copper equivalent of the total intersection is 1.56% at current metal
prices as of 2nd September 2005

* In-situ value of total intersection is US$56/t rock at those metal
prices


Intersection includes


* 6.2 metres (from 55.6m to 61.8m) grading 2.47 g/t 3E and


From metres To Interval % Cu In-situ value
$/t (at
metres metres % Ni % Cu g/t 3E equiv. current
prices)
72.8 108.4 35.7 0.31 0.19 0.99 1.9 69
89.4 108.4 19.1 0.34 0.20 1.05 2.1 74
75.3 83.5 8.3 0.32 0.23 1.15 2.1 75
102.3 108.4 6.1 0.47 0.24 1.02 2.6 95



* Wide intercept and shallow depth ideal for open pit mining

* Intersection proves recently established geophysics model

* Potential for large regional development since the combination of
geophysics and sampling in the area suggests the system may extend over 35
kilometres.


An industry accepted model for a bulk mining operation producing not less than 8
million tonnes per year is believed to be approximately US$20/tonne production
cost made up of approximately US$11 per tonne as direct operating cost and US$9
per tonne for capital recovery.


Set Point Laboratories (ISO 17025 Accredited and SANAS Accredited to 223) in
Johannesburg, South Africa carried out the analyses of the drill core samples.


Colin Bird, CEO of Jubilee, said "The size and scope of this discovery bears all
the fundamentals required for a world-class resource combining good grades with
a suite of metals sought after in the market. The thickness of the intersection
provides the potential for large-scale mining and the confirmation of our
evolving model from the recent geophysics programme, suggests that Londokomanana
could develop into a regional, as opposed to a local situation, with some 35
kilometres of ground, some of which has been tested with similar geophysics.
Further drilling, some 180 metres south and along strike, is confirming
continuity of the formation. Results will be released as soon as these become
available.


Hennie Blignault, Consulting Geologist to Jubilee said "This discovery outside
the South African Bushveld Complex is extremely significant in world terms."


Mr. Blignault is a former group geologist for Gold Fields of South Africa and
was a lecturer and research associate at the University of the Orange Free State
and the University of Cape Town.



For further information please contact:


Colin Bird Cathy Malins / Annabel Leather
Jubilee Platinum plc Parkgreen Communications Ltd
Tel: 07768 397 627 Tel +44 20 7493 3713

Excellent news and just the ticket to get the sp heading on a one-way ticket northwards. The company's ascertation that this turns the prospect from a local into a regional one is most encouraging.

Agreed queen1 - let us trust there is not too much profit taking and that we can close the day around 45p while the big boys do their research. Here we go the MMs have just started shaking the trees - they must be collecting hopefully for a big buyer.

Oakapples142 - a short-lived shake though as the sp is back up. I'm starting to get a good feeling on this one...

Great news chaps! Lets hope we're heading towards the 170p valuation mooted in Shares mag.

Chad Hi,

Could you send me the shares mag article ?

Anyone got any brokers notes ?

Cheers,
PM

UK's Jubilee Platinum up 27 pct on Madagascar find

LONDON, Sept 5 (Reuters) - Shares in junior platinum explorer Jubilee Platinum Plc (JLP.L: Quote, Profile, Research) jumped a quarter in value on Monday after it announced a "major multi-metal discovery" in Madagascar. Jubilee, listed on London's Alternative Investment Market (AIM), said it had intersected a 70-metre wide formation containing nickel, copper, platinum and palladium, just 37 metres below the surface.

By 1036 GMT, Jubilee shares were 27.4 percent higher at 46-1/4 pence, their highest level since mid-March, making the company worth 32.5 million pounds ($60 million).

Most of Jubilee's projects are in South Africa's northern bushveld complex, where 70 percent of the world's platinum is mined. But Jubilee is also prospecting four sites in Madagascar, where mining majors such as Phelps Dodge (PD.N: Quote, Profile, Research) and Rio Tinto (RIO.L: Quote, Profile, Research) have moved to exploit the relatively unexplored territory.

"The size and scope of this discovery bears all the fundamentals required for a world-class resource combining good grades with a suite of metals sought after in the market," Chief Executive Colin Bird said in a statement.

Jubilee said the thickness of the deposit at its Londokomanana project and indications it could stretch up to 35 km (22 miles), suggested it could develop into a regional, rather than local, mine.

And it added that platinum and palladium had been found at the project, 150 km north of the capital Antananarivo, in equal measure. This would be a greater proportion of platinum -- five times more valuable than palladium -- than found in the bushveld complex. John Meyer, mining analyst at Numis Securities said the result was encouraging, though he added a lot of detailed drilling and test work was needed before Jubilee could prove it had a mineable reserve

Hi All,

My short term target is 1, I will review again when it gets there :)

Cheers,
PM

paulmasterson1,

The 170p per share was a possible valuation of all of Jubilees assets, provided they all came good, in the pick of the week article in shares mag some months back. I no longer have the copy so im unable to comment in more detail.

regards.

The Shares article was in edition of 14 April, and the extract you want is "If the Tjate prospect in South Africa is proved to contain nearly 70 million ounces of Platinum that alone will value Jubilee at 170p a share" We are in for an upwards ride guys and girls - hold onto your hats and your nerve !