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

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

SLV have a presentation out this am,worth reading.

"Sylvania and Jubilee enter into strategic alliance to smelt Sylvania's
platinum group metal concentrates from its tailings retreatment
projects that are not tied into other contracts.

This alliance offers a total solution for processing chrome tailings
and Platreef deposits for PGM concentrate previously considered
uneconomic or challenged by conventional smelting routes.

The alliance also offers the secondary PGM industry a unique ore
to metal strategy not currently available to the secondary sector.

Sylvania and Jubilee agree that ConRoast be the preferred smelting
route for Sylvania's primary PGM mining projects on the Platreef of
the Bushveld Igneous complex."
cyril

The recent acquisition of BRR doesn't seem to have done much for the sp! Would have thought on valuation alone there would have been an upgrade.

Harry look around,almost all aim stocks taking a beating,even those that post good news find holding onto gains difficult. Seen it before,1st to fall and last to catch up. Patience and belief in your investment will almost always pay handsomely.
aimho
cyril

Taken from the iii board,dymamo1

Unofficial minutes of meeting held at The Pelham Hotel, London Monday 30th November 2009 at 9.30am.

Quite a small gathering (there were only 16 chairs in the room).
Attendees from the Board: Colin Bird CEO, Andrew Sarosi Executive Director, Saffery Champness Chartered Accountants.
Apologies: Malcolm Burne

CB opened the meeting.
Resolutions 1 - 4 passed.
1. To re-elect Colin Bird as Director who is retiring by rotation.
2. To re-elect Malcolm Burne as a Director, who is retiring by rotation.
3. To receive and adopt the Director's Report and the financial statements for the year ended 30 June 2009.
4. To re-appoint Saffery Champness as Auditors and to authorise the directors to agree their remuneration.

CB confirmed that any information shared at this AGM could only be what was already in the public domain.

Eventful year, global basis, platinum industry, very difficult year. Major failure of the major platinum miners to deliver. They all share the same problems; electricity, labour, community issues (locals feel short-changed). Legacy of problems especially the SA platinum industry. Milestone for Company was the production of the ore-resource statement. CB got a hell of a beating about it being late etc. but people just don't appreciate what is going on behind the scenes and CB wanted to do it right. People wanted him to leave the Company. Co-operation with partners was seen as potential takeover. Robust statement was produced, management have delivered what was promised 4 years ago, promised 70m oz and delivered, said we would get 9m oz from first mine and delivered 25m oz. Some areas are very difficult to mine. Company is looking for early cash flow, mine is on a heritage site - so local discussions. One of the biggest problem for CB is managing shareholder expectations, keeps getting questions like when will Impala take you over? Not sensible to issue shares at cheap price 32p, so will try to avoid. East Plats / Ridge you could bolt on they could acquire you, you could acquire them. Board took the decision re BRR what is the point of having more of the same, you can't finance, you can't buy because there's no money. JLP looked at Braemore, 2 years ago attracted by 485k tonnes of nickel on the surface in WA, attracted by lack of risk, high standard. At the time re ConRoast CB could take it or leave it. Didn't understand it. Couldn't come to agreement with BRR deal was likely to be 50 / 50 plus there were 300m performance shares hanging over the top of them. Deal went away, kept a watchful eye. Industry changed over 2 years. Whole of the smelting industry in SA is designed to treat Merensky sulphide ore smelts at low temperatures. UG2 didn't want to melt, to make it melt required higher temperatures and the required furnaces couldn't cope, majors increased more cooling and adding water created a time-bomb. Contrast and Braemore use DC Arc furnace, perceived as guinea pig technology, but that's rubbish. With furnace at Mintek they haven't had to re-brick it for two and a half years and they have been producing platinum for four and a half years so it works. Furnace to treat 400k oz not much bigger than this room (it was a small room), looking at equiv 6 in line furnace for same job would cover over half a football pitch. ConRoast furnace uses 14% less energy, 25% less capital and produces one thirtieth of the amount of toxic gases - it really is the answer. The world bank recognised it, majors accepting that this is the answer. Problem is that the majors have spent so much money on technology that is no good and they don't like to admit that a little junior has got the answer. JLP put final payment on the table to secure the ConRoast licence until the year 2020. Asked why didn't they buy the licence forever, CB stated that if this JLP hasn't got it's business model up and running by 2020 we'd be history anyway. Board has secured basically exploration to metal, even
--------------------------------------------------------------------------------
And a comment from a very well respected holder.

dinamo -

Great stuff. Well done to have got all that down and be able to reproduce it!

Most reassuring from my point of view is the last question, which relates to Northam (the not-quite-a-major!).

"They are giving us UG2 and slags and we are returning more oz than they expected."

Northam will need a new smelter for Booysendal and according to Leon Esterhuizen at RBC are looking at a DC arc furnace, which leads one to the obvious conclusion. Braemore have been talking to Northam for many moons - hence last year's offtake agreement which appears to now be in full swing. It could well be Northam that triggers the acceptance of Conroast on the Bushveld - they cannot bring Booysendal in without building another smelter, and as CB has said numerous times, who would want to build another 6-in-line, ever?

All very encouraging, and I have to say there is something about Bird's reassuring Northern vernacular that does contrast with the clipped and correct South African tones we BRR folk are used to from David Russell and Le
cyril

Business Financial Newswire
Strategic partners Jubilee Platinum and Sylvania Resources have announced successful smelting trials of Sylvania's low-grade platinum.

Previously uneconomic low-grade PGM concentrates were successfully treated through Jubilee's ConRoast DC smelting process.

Further trials of low-grade concentrates from Sylvania's dump operations and its recently acquired Platreef surface resources are planned in the near future.

Jubilee CEO Colin Bird said, 'This further affirms the application of the ConRoast process to a wide range of concentrates within the platinum industry.

'Once proven on a larger scale, this should accelerate the transformation of Sylvania into a mid-tier platinum producer.'

http://www.investegate.co.uk/Article.aspx?id=201002040700046379G
cyril

RNS cautionary dealing announcement.

Takeover bid or joining forces with Sylvania ?.

02.03.2010
"Cautionary Announcement
"Jubilee shareholders are advised that the company has entered into negotiations, which if successfully concluded, may have a material effect on the price of the company's securities. Accordingly, shareholders are advised to exercise caution when dealing in the company's securities until a further announcement is made".

Very interesting wording, giving nothing away. The market seems to think the news is good, but not sure if that is correct.
"may have a material effect on the price of the company's securities" worries me a little.