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

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.

Jubilee Platinum is pleased to provide the following operations update:

HIGHLIGHTS
First stage infill drilling programme for the Tjate project completed with exceptional results achieved, final modelling of data in progress;

Drill data confirm continuity of Merensky and UG2 Reefs, with significantly improved grade and thickness for the UG2 reef;

Application for a Mining Right for Tjate initiated on these encouraging drilling results;

Delivery times for long-lead items successfully negotiated to ensure new ConRoast 5MW DC Arc furnace remains on track for Q4 2011;

Numerous small-scale near-term mining opportunities are being presented to Jubilee due to its ConRoast smelting capability to treat chrome bearing platinum concentrates;

Existing ferroalloys processing infrastructure at Middelburg fully utilised and contributing to short term cash flows;

New ferroalloy 5MW AC Arc furnace on target for commissioning in Q2 this year and capacity fully contracted; and

Drilling to commence shortly in Madagascar.

Leon Coetzer, CEO of Jubilee Platinum commented: "It is important to emphasise that we are developing a company capable of achieving a Mine to Metal business strategy.

The platinum ConRoast project is on track and will be operational by year end. The Tjate project's exceptional drill results again confirm it as a world-class asset and continue to present an excellent opportunity to develop a world-class platinum mine. I look forward to updating shareholders with regard to the Northam discussions and the Sylvania joint project as and when they conclude. The ferroalloy processing division is operating well and generating short term cash flow for the company. Its contribution to the overall business plan will increase with the commissioning of the first 5MW ferroalloy furnace in May this year.

We continue to assess numerous small-scale near term mining opportunities, which are being presented to the Companydue to our ability to process platinum concentrates containing high chrome values. These opportunities are in-line with our focus on building our Mine to Metal business strategy."

same old story "jam tomorrow"

StockMarketWire.com
Jubilee Platinum plc has entered a 15m standby equity distribution agreement (SEDA) with YA Global Master SPV, an investment fund managed by Yorkville Advisors.

It said the facility would Jubilee to act promptly on opportunities to acquire chrome and platinum properties strategically suitable for its ConRoast business.

Current cash in the bank of 8m remained committed to Jubilee's expanding smelting and on-going project operations.

CEO Leon Coetzer said, 'This facility means Jubilee can acquire suitable targets without recourse to current cash, which is allocated for our on-going Middelburg smelter expansion and project development plans.'

Voluntary update on the Binding MOU on Acquisition of Target Company

Highlights
Jubilee secures near term platinum concentrate for its Middelburg smelter facilities through the acquisition of Chemstof (Pty) Ltd ("Chemstof")

The acquisition includes a majority interest in Chemstof and all associated subsidiaries

Chemstof subsidiaries includes near surface platinum containing chromitite reefs, an operating chrome ore beneficiation plant producing saleable chrome concentrate and an estimated 500 000 tons platinum-rich surface stockpile

Jubilee is to construct a platinum concentrator to beneficiate PGE's from the surface stockpile and current platinum containing tailings from the chrome beneficiation plant

hc - i see you have knowledge of this share - i have spoken to some people apparently this potential offer should at least reach the 52 wk high of 44p - but take out sp is expected to be in the 60 to 85p range and should flush out other bidders who have been sniffing around for months - any thoughts?

cheers

its rare to see more than a 40% permium at this stage, unless more bidders arrive, and indeed the big if is that there isn`t even one official bidder confirmed-yet

JUBILEE IN PRELIMINARY DISCUSSIONS AND CAUTIONARY ANNOUNCEMENT
Jubilee announces that it has received an approach and held preliminary discussions regarding the making of a possible offer for the Company. At this stage there is no certainty that an offer will be made or as to the terms of any offer.

Jubilee is centrally managed and controlled outside of the United Kingdom, Channel Islands and Isle of Man and is not subject to the City Code on Takeovers and Mergers.

CAUTIONARY ANNOUNCEMENT

Shareholders are advised that Jubilee is required to follow the Listings Requirements of the JSE Limited as its primary regulator and the Takeover Regulations of the Takeover Regulation Panel . Accordingly shareholders are advised to exercise caution when dealing in their shares until a further announcement is made.

Not really any better informed than anyone else, gibby. I have held this stock for a good while now and it has not gone anywhere. They took over Breamore Resources and eveything looked promising, but it never really added any value to the sp and steadily drifted off. A t/o is probably the best solution for all the shareholders, imo.

ok cheers hc - i am not in here currently and may well stay out i think - i am glad the sp has picked up nicely for you here as a long term holder - if i see a chance to get in i will (he who dares rodney!!) - but a tad too high for me right now - hope you get a good profit here if not already

trying to find out what i can here right now

i must have mud in my eyes - just noticed this...

Director Deals - Jubilee Platinum PLC (JLP)
BFN
R. Basil Brookes, Financial Director, bought 180,000 shares in the company on the 19th April 2011 at a price of 27.60p. The Director now holds 4,118,950 shares.

Story provided by StockMarketWire.com
Director deals data provided by www.directorsholdings.com

Interestingly, when the news about the approach broke, the sp didn't react immediately and could have been picked-up for 28.5p.

i noticed that too!!there is more to this co. than meets the eye - personally i will be watching very closely here monday first thing - should be very interesting and potentially quite profitable imo - 18 or so % up not a huge jump cob for this type of news - will be pressing to see who the interested party / ies is/are / will be! - gl

good start to the day here - if anyone considering in here i wouldnt leave too long imo - heading north l2 looking good!!

yeeeeeeeeeeeehaaaaaaaaaaaaaaaa

and good morning all!!