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

Or was it Rigsby's cat in Rising Damp ?.

This means nothing to me... Oh Vienna...

rf snap

So it is only Sunday night?

JOE DOLCEknows all about Viennahe looked at it from above for a good few weeks

What'sa matter you hey gotta no respect
Whatta you tink you do why you looka so sad
Itsa not so bad, Itsa nice-a place Ahh shaddupa you face

you'll be upsetting chessplayer in a minute!

And now the weather forecast....rain, rain, rain...now look what you've done...

Miaaooouuu !....I think you've stepped on the cat's tail Cynic....poor old Vienna..

ah well .... goodnight vienna then - lol!

RNS Number : 0743X
Jubilee Platinum PLC
07 August 2009




Jubilee Platinum PLC

AIM: JLP

JSE: JBL

Registration number: 4459850

ISIN GB0031852169







JUBILEE PLATINUM PLC




('Jubilee' or 'the Company')




13.25m placing for cash



1. The Placing




The Company is pleased to announce a placing of 44,166,666 new ordinary shares of 1 pence each in the Company (the 'Placing Shares') to raise approximately 13.25 million. The Placing Shares have been placed, subject to the conditions detailed in 2 below, with a number of institutional investors in London, including M&G Investments, by FinnCap, the Company's Nominated Adviser and broker, at 30 pence per share, being a 23% discount to the 30 day weighted average traded price of Jubilee's shares on AIM (the 'Placing Price') (the 'Placing'), in a well supported deal.



2. Conditions




The Company has entered into a placing agreement with FinnCap ('the Placing Agreement') and the Placing is conditional upon:



2.1 The proposed acquisition by the Company of the entire issued and to be issued share capital
of Braemore Resources plc ('the Braemore acquisition'), which was announced on 3 July
2009, having become or having been declared unconditional in all respects by 16 November
2009. A court hearing to approve the acquisition is expected to take place on or about 14
October 2009, the results of which will be published in due course;



2.2 The approval of the Placing, being a specific issue of shares for cash, by the requisite majority
of Jubilee's shareholders at a general meeting of the Company to be held on or about 30
September 2009;




2.3 Admission of the Placing Shares to trading on AIM, a market operated by the London Stock
Exchange ('Admission');



2.4 The Placing Agreement becoming unconditional in all respects (save for Admission).





3. Admission and listing




Upon fulfillment of the conditions set out in 2 above, application will be made to the London Stock Exchange and the JSE Limited ('JSE') for the allotment and issue of 44,166,666 new ordinary shares of 1p each to be listed on the JSE and admitted to trading on AIM on or about 16 November 2009. The shares were placed and will be issued to public shareholders who are not related parties. The new shares will rank pari passu in all respects with the existing ordinary shares of the Company.





4. Shareholder approval and financial effects




A circular to shareholders containing the full terms of the Braemore acquisition and the specific issue of shares for cash in terms of the Placing and convening a general meeting of Jubilee shareholders will be posted in due course. A further announcement containing the financial effects of the Placing will be published shortly.







Colin Bird, Chief Executive Officer of Jubilee, said 'I am delighted by the response shown by the London market. These funds will allow the Company to accelerate the integration and development of the enlarged Company's assets following the completion of the acquisition of Braemore Resources.'




Johannesburg

7 August 2009




For further information please contact:



Colin Bird Suzanne Johnson-Walsh

/Michael Kinirons

Jubilee Platinum plc Bishopsgate Communications Ltd

Tel +27 (0) 11 253 3280 Tel +44 (0) 20 7562 3350







Andrew Sarosi Brian Christie/Leonard Eiser

Jubilee Platinum plc Sasfin Capital

Tel +44 (0) 1752 221937 Tel +27 (0) 11 809 7500




Clive Carver/Rose Herbert

FinnCap

Tel +44 (0) 20 7600 1658

I think we now have a floor for this stock with the placing at 30p...now very well funded....as long as platinum does not drop : a rise should come in the Autumn !. (hopefully)...

one good thing to bear in mind ,is that the price of platinum was about $2,200 about 18 months ago .nearly double the current price .
So,any sign of economic recovery should prove to be very profitable.

JLP going to hit the ground running with BRR's conroast, all proceeds of the placing earmarked for that.
2517

sorry to disagree heard Colin Bird's recent discussion with TW and we are not convinced, CB has tried to postulate that taking over BRR is going to make a huge difference to JLP whereas the value of PGM's produced will perhaps only cover their overheads.Unless somebody decides to buy JLP they are going nowhere.

nor are "we"! ...... certainly got myself badly screwed by believing BRR hype at their agm a couple of years ago, and clearly the market is pretty underwhelmed with this new development too

Is on the move up since yesterday, and MMs have to be short of stock as the last trades have made them move prices UP.

at 33 / 34p now with a Level 2 of 1 v 1

37.50 / 38.50P +2.50p

is on the move up now after a pause earlier

Update of the offer for BRR - 14 September 2009

OPINIONS AND RECOMMENDATIONS

The directors of Braemore have considered the terms and conditions of the Scheme
and, inter alia, the opinion of Venmyn, and are of the unanimous opinion that
the Scheme is fair to Braemore Shareholders. Accordingly, the board of directors
of Braemore recommends that Braemore Shareholders vote in favour of the Scheme.
The directors of Braemore who hold Braemore Shares intend to vote in favour of
the Scheme at the Court Meeting in respect of their own beneficial holdings of
Braemore Shares.

Trying to get my around a mkt cap of under 50m with a $1bn+ asset value base

A bid from a larger company that believes in buying before the recovery of the automobile and aviation industries amongst others sets in could come at any time but not until Braemore is fully integrated and Jubilee are no longer themselves considered to be in a takeover situation of another company.

I read somewhere around that their is selling into strength,believeing to keep the SP down,so allowing JLP to br taken out on the cheap?
S[mething which might help?


Jubilee Platinum plc (AIM: JLP; JSE: JBL)
ConRoast: A Tasty Dish for Jubilee
Outperform (prev: Sector Perform)
Speculative Risk
Price: 33.00
Shares O/S (MM): 234.0
Dividend: 0.00
Price Target: 90.00 60.00
Implied All-In Return: 173%
Market Cap (MM): 77
Yield: 0.0%
Market Cap in GBP
Event
Upgrading to Outperform on recent company- and industry-related developments.
Forecasts Adjusted
Having reviewed our PGM demand and supply projections, we have updated our
metal price forecasts (Exhibit 1) and are adjusting our PGM universe forecasts
accordingly. Our metal prices generally rise to acknowledge the impact on
producers' margins of the ongoing rand strength and higher electricity prices.
Exhibit 1: Revised PGM Price Forecasts
Metal 2009E 2010E 2011E 2012E 2013E LT
Pt Old $/oz 1,200 1,250 1,300 1,350 1,400 1,400
New $/oz 1,200 1,500 1,700 1,600 1,400 1,350
Pd Old $/oz 250 300 325 350 350 350
New $/oz 260 400 450 400 350 350
Rh Old $/oz 1,450 1,600 1,600 1,600 1,600 1,600
New $/oz 1,550 2,800 3,500 2,800 2,500 2,200
R/US$ Old 8.50 8.25 8.50 9.00 9.50 10.00
New 8.50 8.25 8.50 9.00 9.50 10.00
Source: RBC Capital Markets estimates
Cash Flow Exception
Generally, we continue to favour investing in the junior producers. Having said
the above, we do currently like Jubilee Platinum ("Jubilee"). Jubilee is unusual
amongst PGM explorers/developers in that it already has a source of cash flow: a
3.2 MW PGM toll smelter. This, we believe, will soon be further augmented by a
larger 10 MW facility. Furthermore, Jubilee has potential nickel dump
retreatment projects in Australia that could be brought to account relatively
quickly, or alternatively, be sold to raise additional funds.
The PGM industry's smelting-related issues are well known (notably, excess
chrome in furnace feeds due to a lack of Merensky ore) and are only likely to get
worse. We believe that covetous eyes (and not just from the majors) will be cast
in the direction of Jubilee's proprietary ConRoast technology, which has the
potential to overcome many of those issues. Indeed, Jubilee already has minor
contracts with certain producers (e.g., Northam) and is in discussions with parties
such as Sylvania Resources.
Given the above, we are increasing our P/NAV multiple from 0.5x to 0.8x,
deriving a 0.90/share target price (previously 0.60/share). We also upgrade our
recommendation from Sector Perform to Outperform, while maintaining our
Speculative Risk rating.
cyril