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

rf last year they made a loss, does this news mean they have lost less or made a small profit?

Have not read through it all...but their earnings are going to rocket from now on...the only way this stock is going is up !.

Signs are encouraging, and about time too!

StockMarketWire.com
"South African mining group, Jubilee Platinum has posted a pre-tax loss of 2.2m for the year to 30 June 2010 ( 2009 pre -tax loss 4.8m).

The Group says that it has benefited from the resilience of the price of platinum and that it expects to see a marked increase in prices as car production gets back to normal.

Jubilee is in the process of acquiring the Thos Begbie smelter complex.

The Group has elected to drill up to a further 5 holes in the Ambodilafa project in southern Madagascar. "

A re rating looks to be required

CAUTIONARY ANNOUNCEMENT
"Shareholders are referred to Jubilee's year-end results published on 4 October 2010 wherein it was advised that the company had purchased a 51% stake in the power generation company Power Alt (Pty) Ltd.

With regard to this statement, shareholders are advised that the company is still in the negotiations stage of the acquisition which if successfully concluded may have a material effect on the price at which the company's shares trade on the JSE Limited.

Shareholders are advised to exercise caution when dealing in their Jubilee shares until a full announcement is made."

The second time in a year this company has said something similar which incidently, nobody seems to understand!

Lsst time they made an acquisition it trashed the SP!

Time the sp started to rise.....never seems to quite get going...but it will sooner or later....

Jubilee is pleased to provide an update on the significant progress made by the Company.

Key Progress Areas:-
Acquisition (70%) of Middelburg processing plant completed with option to acquire remaining 30% shareholding

Commenced processing of ferro-alloys and ferro-silicon to realise short-term cash flow

Final ConRoast demonstration concluded in March 2010 returns significant income to the Group

New ConRoast commercial facility on track to commence smelting in Q2, 2011

Imminent conclusion of acquisition of a gas-fired generator providing own on-site power and potential for growth as a standalone electricity supply business

Extended Framework Agreement with Sylvania Resources to 2011 to facilitate conclusion of smelting and refining feasibility study for its northern limb project

Extended Memorandum of Understanding (MOU) with Northam Platinum to January 2011

More than 90% of the additional scheduled metres for Tjate project's Phase 1 prefeasibility drilling completed

Tjate project's environmental (winter phase) and social baseline report completed

Contract awarded for drilling Ambodilafa nickel project in Madagascar

Leon Coetzer, CEO said, "Jubilee is committed to the delivery of its listed projects. The implementation of the new ConRoast facility is progressing well and the project team is driving hard to secure all long lead items to adhere to the project timelines. We are pleased with the results achieved thus far from the drilling program on Tjate, which continues to illustrate the quality of this asset. Our near term deliverables are clearly set on the commissioning of the new ConRoast Facility and delivering the feasibility study of Tjate while we continue to grow early revenues from our Middelburg smelting operation."

A look at the price chart tells it all.It is enough to test the patience of a saint,and lets face it,there aren't very many of them around.must be a big push due soon.

StockMarketWire.com
Jubilee Platinum and Sylvania have agreed a smelting and refining pact for Sylvania's new JORC compliant Volspruit deposit.

The two firms have agreed that a scoping study will be completed by the end of February and if they are satisfied with the outcome they will incorporate a new company and subscribe equally in it.

The Volspruit mine project and the smelter/refinery projects are inter-related and will be developed concurrently by Sylvania and the Sylvania/Jubilee JV respectively.

The initial reaction to the news is not positive --down a point -- but it has to be said that the mining sector is a bit on the down side this morn.

It's their agm today and judging by the Annual Report (which looks deadly boring), that will be as well; - so, by having it early-morning the Dirs can scurry off to whatever they do the rest of the year, or maybe take-in a little Xmas shopping - - - .

You'd think this Co would want folk to know about their developments - If so, have the AGM at Noon, during the summer, eh?

For similar reasons, that's why this is a poor investment prospect.

This seems like a method of whipping the investors up into a frenzy prior to bad news being announced!

"FURTHER CAUTIONARY ANNOUNCEMENT

"Shareholders are referred to the cautionary announcement published on 14 October 2010 wherein shareholders were advised that the company was in the negotiations stage of a possible acquisition of Power Alt (Pty) Ltd which, if successfully concluded, may have a material effect on the price at which the company's shares trade on the JSE Limited.

As these negotiations are still in progress, shareholders are advised to continue to exercise caution when dealing in their Jubilee shares until a full announcement is made."

How many times have they said that Harry over the past 6 mnths.

Further to the cautionary announcements, the last of which was dated 29 November 2010, shareholders are advised to continue to exercise caution when dealing in their Jubilee shares until a full announcement is made.


Yet again!

JUBILEE ACQUIRES 51% OF SHARES AND CLAIMS IN POWER ALT (PROPRIETARY) LIMITED ("POWER ALT") AND WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT

Jubilee is pleased to announce the acquisition of 51% of the shares and claims in Power Alt for a consideration of R27 500 000 (approx GBP 2,425,000).

Highlights -

Power Alt provides Jubilee with a secure independent power supply to underpin its operational and expansion goals for its ConRoast Process

Power Alt will provide Jubilee with an offset to its power cost, which has a direct positive impact on ConRoast's associated operating costs

Power Alt has the potential of expanding on its current generation capacity of 11MW to a full 29MW of power

Leon Coetzer, CEO of Jubilee Platinum commented: "This transaction underpins Jubilee's expansion goals by securing an independent power supply for its processes."

And let's look at the old scoreboard ....

.. ah yes, the share price hasn't moved.

Up a touch now,0.5, but nothing to write home about.