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

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!!

ii interest again today - 100,00 buy at full ask just sneaked through

kerrrrrrchinnnnnnnnnggggggggggggggg!!!!

yet another false alarm the directors should be given the"bird".

SHAREHOLDER UPDATE AND WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT

Further to the announcement dated 20 May 2011, in which Jubilee advised that it had received an approach and held discussions regarding the making of a possible offer for the Company, Jubilee advises that due to current market conditions both parties have ended talks regarding a merger of the two entities. However, discussions continue with regards to the formation of strategic joint ventures for the co-funding of Jubilee's short and medium term business plan whilst ensuring that Jubilee retains its exclusive processing rights to the ConRoast process.

Shareholders are referred to the cautionary announcement published on 20 May 2011 and are advised that as the subject matter of the cautionary announcement has ended the said cautionary announcement is withdrawn.

Back in the bottom drawer again...........

StockMarketWire.com
Jubilee Platinum, the AIM quoted mine to metal specialist, has begun commissioning activities of new 5MW ferroalloy furnace at Middelburg. The capacity remains fully contracted.

Tjate Platinum Corporation has submitted an Application for Mining Right to the Department of Mineral Resources ("DMR") while Jubilee is reviewing investment proposals to fund, to completion, Tjate's pre-feasibility and bankable feasibility studies.

Jubilee has also signed a binding Memorandum of Understanding ("MOU") with Chemstof (Pty) Ltd ("Chemstof") to acquire an operating mining and chrome beneficiation plant from which it plans to expand its near surface platinum mining strategy.

The company's Braemore Platinum Resources (Pty Ltd) has submitted applications for both PGM and Chrome prospecting rights for some 69 farms near the town of Brits in the western Bushveld Igneous Complex.

The farms, which are prospective for near- or at-surface platinum bearing chromite reefs are strategically underpinned by the ConRoast process.

Leon Coetzer, CEO of Jubilee Platinum commented: "Jubilee continues to make significant progress in the implementation of its mine to metals strategy. It has been a meticulous process to ensure that we hold all the components to implement this strategy which has included securing infrastructure, electrical power and smelting capacity.

"The commissioning of the new 5MW furnace at the Middelburg processing facility will significantly enhance the company's near term revenue generation. We are now able to fully capitalise on our unique processing abilities through our access to the ConRoast process, such as our focus on near surface platinum bearing chrome reefs. This affords Jubilee near term access to own platinum for our processing plant in Middelburg while we continue the development of the Tjate project in the longer term."

Operations Update
Jubilee Platinum Plc, the AIM and JSE quoted mine to metal specialist is pleased to announce that is has reached operational temperatures at the Company's new 5MW AC furnace at Middelburg which is now moving towards full production of 2,400 tonnes per month of ferroalloy feed stock and/or concentrate.

In addition, the Company is delighted to announce exceptional results from Platinum Group Metals ("PGMs") flotation recovery testwork carried out on a representative UG2 chromitite reef drill core samples from its Tjate Platinum project ("Tjate") as part of its on-going prefeasibility study.

HIGHLIGHTS
The additional capacity provided by the new furnace could potentially generate additional monthly revenues of around R6.0 million (c.540,000 at current exchange rates ) while producing ferroalloys;

Currently the furnace is being fine tuned and final inspections concluded after the initial smelting runs, for ramp up to full production;

Tjate continues to produce positive results towards its pre-feasibility study;

Recoveries of 90.0% to 91.5% of 4E (platinum palladium rhodium & gold) from flotation testwork on the UG2 ore while producing above average concentrate grade;

The exceptional recoveries of the platinum group elements ("PGEs") were achieved by producing a UG2 concentrate containing high chrome. ConRoast is the only available smelting solution for effectively processing such chrome rich platinum concentrates.

A little to late in this market,i think?

TRADING STATEMENT
In terms of the Listings Requirements of the JSE Limited, a listed company is required to publish a trading statement as soon as it becomes aware that the financial results for the next period to be reported on will show a 20% or more difference from those of the previous corresponding period.

Jubilee expects a significant increase in the reported revenue of between 470% and 490% with a corresponding increase in gross profits of between 480% and 500% for the financial year ended 30 June 2011 compared to the previous comparative period. This increase in both revenue and gross profits is primarily generated by its smelting operation through Jubilee's continued investment into the expansion of its smelting operations.

Jubilee is further expecting a decrease in earnings per share of between 130% and 150% for the financial year ended 30 June 2011 compared to that of the previous comparative period and a decrease in headline earnings per share of between 130% and 150% for the financial year ending 30 June 2011 compared to that of the previous comparative period. This decrease in headline earnings is mainly influenced by financial entries related to the acquisition of both the smelter operations and power plant by Jubilee as well as increased expenditure related to the ramp-up of the smelter operations.

StockMarketWire.com
Jubilee Platinum has received a formal offer from a major mining company for Tjate's Quartzhill farm.

Jubilee said it had received the ZAR75m offer on behalf of Tjate Platinum Corporation.

Jubilee is a Tjate Platinum Corporation shareholder.

Jubilee says it will be recommending the offer to Tjate shareholders.