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

Business Financial Newswire
"Jubilee Platinum is to make an agreed takeover offer to Braemore Resources which involves the issue of 1 new Jubilee share for every 15.818 Braemore shares.

The offer consideration is at a discount to the current market price but in addition Jubilee has undertaken to fund the operating costs of Braemore whilst the Scheme is being implemented (up to a cumulative maximum of R7 million on a drawdown basis) and to settle some of Braemore's current liabilities (up to a cumulative maximum of R25 million on a drawdown basis).

Furthermore, Jubilee recognises that Braemore also has an outstanding commitment of approximately R18 million payable to Mintek by 30 September 2009, which amount will be paid by Jubilee on behalf of Braemore, subject to fund raising of not less than ZAR 50m.

These amounts will be repayable by Braemore if the Offer does not proceed. A 1% compensation fee will be payable by Braemore to Jubilee if the Offer does not proceed for reasons relating to Braemore. Similarly, a 1% compensation fee will be payable by Jubilee to Braemore if the Offer does not proceed for reasons relating to Jubilee.

As part of the Scheme, the existing 305m Braemore performance shares of 0.1p each will be cancelled at zero consideration if the Scheme becomes effective. "

Anybody out there with further info or opinion on the Braemore offer?

Good move by JLP.

Do you know Hyleo98 : sometimes I don't think that you are one of us !.

I'm only making some profit like u or any other people. 40p now

Are you still shorting this ?...very brave !....or reckless !.

Yes, I am...from 58p. I am more confident now that JLP has acquired Braemore which is not a desirable move... I feel. I think more weakness prevail.
Are you in it, rf?

Hyleo - you did miraculously well to short at 58 ..... i would guess that was the intraday peak on friday, which you have managed to pick out yet again - uncanny really ..... i expect to hear of you buying a mega-yacht in the very near future

Of course, if the offer is rejected, which seems unlikely, the BRR & JLP sp's will shoot up, which would be ideal for the shareholders. Shorters beware!

Thanks, cynic. But I think I still got a long way to go before owning a yacht.

Harry, I don't think it will shoot up even if the offer falls through, as initially people were speculating that JLP will be a takeover bid. It will fall even further if the offer gets rejected.

presonally i would neither buy nor short either stock ..... markets far too thin

Well, it works out for me.

I'm still in...think this has a good future....!.

hyleo prob closed out his short last night at the very bottom ...... no doubt he'll let us know

lol......read other threads where he has got so many wrong......and he just admitted on other tread that he got no money left.......hmmm i wonder why.....lol.
he also shorted this before the 2nd sudden increase in jlp but he aint told u price of that one as he was bragging when it was in lower 30s after going from 8p to 51p.

anyway i'm in at 12p..........lol

Oh my friend marni aka scottishinvestor is back. Well, I have asked you in page 20 to predict some buys or sells of any companies, but you can't even name one.

Cynic, I am still shorting JLP...this has more to go lower.

JLP has certainly reversed its morning rise, though i have no idea why it should be esepcially weak other than that plat shares have been heading south for several days, prob due to lack of demand by auto industry

If BRR holds at 2.35p then JLP should hold at approx 37p. Haven't yet worked out the price at which JLP could drop for BRR to be worthless, but I wonder if the current sp strategy is deliberate? Call me cynical but...............

Just let me post a chart for you as I can not see any around lately.

It was an Intraday double top, a couple days before the bid for BRR

Probably another exciting day here.