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

All the indicators are buy(strong)

http://www.barchart.com/opinions/stocks/JLP.LS

.

Dithering at the moment, got to break through 18-20p and hold.,.

Looks like Sells are 10x today's Buys, so expect a fall soonish. I hold a few but have little short-term hopes . . . . but then.....

StockMarketWire.com
Jubilee Platinum, the AIM quoted mine to metal specialist, achieved a record 774 tonnes of ferroalloy production in January at its Middelburg ferroalloy smelting operation.

The plant is 70% owned by Jubilee Smelting and Refining and there was a continued ramp up of its new furnace.

Jubilee's Australian subsidiary, Braemore Nickel, concluded a drilling programme on the Leinster nickel sulphide tailings to obtain fresh samples for testwork at Mintek, South Africa.

Leon Coetzer, CEO of Jubilee Platinum commented: "We are pleased with the continued improved performance at our Middelburg smelting operation.

"We have met our set throughput targets for January and will continue to ramp up production through this quarter as we target full production. We have continued acquiring PGM containing feed material as we migrate our smelter capacity from ferroalloy smelting to PGM smelting.

"With regard to our Australian nickel tailings project, we are pleased to have reached this stage on the project and look forward to the outcome of the confirmation testwork at Mintek with a view towards the potential development of the tailings."

If this company has so much potential at these prices,surely you would expect the Directors to be buying in. Over the last few months the share price has been at historic lows and STILL no Directors buying.

I want to BUY but...lack of Director interest at current prices really concerns me.

Can anyone convince me otherwise.

Sorry the table is a bit all over the place.

Dec. Date Deal. Date Type Director Pos No. of shares Price Value Current price Value now % gain Monetary gain
21/04/2011 19/04/2011 BUY Brookes, R. Basil FD 180,000 27.60 p £49,680 13.38 p 24,075.00 -51.54 -25,605
10/05/2010 10/05/2010 BUY Burne, Malcolm RES 50,000 33.75 p £16,875 13.38 p 6,687.50 -60.37 -10,188
05/05/2010 04/05/2010 BUY Burne, Malcolm RES 100,000 36.50 p £36,500 13.38 p 13,375.00 -63.36 -23,125
23/12/2009 22/12/2009 BUY Bird, Colin CH 185,000 26.85 p £49,673 13.38 p 24,743.75 -50.19 -24,929
11/11/2009 09/11/2009 BUY Bird, Colin CH 75,000 32.00 p £24,000 13.38 p 10,031.25 -58.20 -13,969
11/11/2009 09/11/2009 BUY Burne, Malcolm RES 50,000 31.63 p £15,815 13.38 p 6,687.50 -57.71 -9,128
22/10/2008 21/10/2008 EXR Burne, Malcolm RES 250,000 16.00 p £40,000 13.38 p
22/10/2008 21/10/2008 EXR Sarosi, Andrew ED 500,000 16.00 p £80,000 13.38 p
22/10/2008 21/10/2008 EXR Molefe, Christopher NED 100,000 16.00 p £16,000 13.38 p
08/10/2008 08/10/2008 BUY Burne, Malcolm RES 100,000 15.50 p £15,500 13.38 p 13,375.00 -13.71 -2,125
29/09/2008 29/09/2008 BUY Burne, Malcolm RES 100,000 27.00 p £27,000 13.38 p 13,375.00 -50.46 -13,625
25/06/2008 26/06/2008 BUY Burne, Malcolm RES 100,000 54.00 p £54,000 13.38 p 13,375.00 -75.23 -40,625
03/06/2008 03/06/2008 BUY Bird, Colin CH 35,000 70.00 p £24,500 13.38 p 4,681.25 -80.89 -19,819

looks like you should give them the bird!

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 is expecting an increase in loss per share and headline loss per share of between 55% and 75% for the interim period ended 31 December 2011 compared to that of the previous comparative period.

lankn73 - (post #586.) - I'm inclined to agree, but the table you took so much time over isn't exactly helping.
Far easier IMHO, to look at the "More Dir Deals" which shows the date, amount and P&L based on current prices. It also shows Co's where Dirs have acquired shares cheaply (er, how?) and then sell for cash...Doh!

Do you think JLP haas a bright future; given that Pr Metals are controlled by Big Corps?

Jubilee is pleased to report an update on its Middelburg smelting operation (70% owned by Jubilee) and progress on its Leinster nickel tailings project (the "Nickel Tailings Project" or "Project") in Western Australia.

Highlights
· Jubilee's unaudited revenues for the first four months of the Company's second half-year financial period improved significantly compared to the previous audited six-month period.

· Total revenue for the four-month period already exceeds that for the previous audited six-month period.

· The ConRoast process continues to receive strong interest from the platinum industry, an interest further reinforced by the continued smelting challenges faced by current platinum producers and smelters.

· Jubilee is awarded a paid consulting contract to carry out a feasibility study incorporating the ConRoast process into the operations plan for an established platinum mining company.

· Daily production rate at the Middelburg smelting operation reached targeted full capacity (38 tonnes/d) at the end of May 2012.

· The Company's subsidiary Maude Mining and Exploration re-submitted its Mining Right application for its Bokfontein and Elandsrift properties incorporating comments from the Department of Mineral Resources ("DMR").

· Pre flotation testwork commenced at Mintek on the Nickel Tailings project.

StockMarketWire.com
Jubilee Platinum has been awarded the rights to recover platinum-group elements from high PGE-bearing dumped chromite tailings and chromite tailings from current and future operations on the Dilokong chromite mine in the Eastern Bushveld of South Africa.

This award represents a major advance in the company's mine-to-metal strategy utilising its ConRoast process.

This award is subject to final due diligence, the finalisation of contract and related service agreements and relevant regulatory approvals.

AGREEMENT WITH INDIAN PACIFIC RESOURCES FOR IT TO FARM-IN TO AN IRON ORE OPPORTUNITY IN THE AMBODILAFA TENEMENT AREA IN MADAGASCAR

Jubilee Platinum, the AIM listed and JSE quoted mine-to-metal specialist, is pleased to announce that it has executed a Heads of Agreement ("HoA") with unlisted Indian Pacific Resources Limited ("IPR") for it to farm-in up to a 90% interest in all commodities ("Commodities") other than platinum group metals, metals traded on the London Metals Exchange and chrome ("PGEs and Metals") in Jubilee's Ambodilafa tenement area ("Ambodilafa Project"), Madagascar.



Highlights

· Jubilee acquires participation rights in a potentially large non-core iron ore opportunity in the Jubilee Platinum owned Ambodilafa Project with minimum initial funding from Jubilee.

· IPR to farm-in in stages up to a 90% interest in the Commodities on funding exploration.

· IPR's prime iron ore target identified in Samelahy area of the Ambodilafa Project is a 6km long high intensity aeromagnetic anomaly, identified in a previous airborne geophysics survey by Jubilee over the Ambodilafa Project targeting PGE-Ni-Cu prospects.

· Ambodilafa is located only 45km from the ocean and 80km south west of Tratramarina, which is a potential logistic benefit for iron ore shipping.

This Agreement is subject to underlying agreements and to the extent necessary to the approval of regulatory authorities.

StockMarketWire.com
Jubilee Platinum, the AIM and JSE quoted mine to metal specialist, has announced significant advances in its mine to metals strategy with the conclusion of a number of agreements and memorandums of understanding ("MOU"s).

These agreements will enable the company to access additional surface and near surface platinum group metal ("PGM")-bearing resources and tailings; to increase its interest in its subsidiary power generating company, and to secure outright ownership of its Middelburg smelting group.

These agreements advance the company's strategy to secure access to near term cash-generative projects.

Leon Coetzer, Chief Executive Officer of Jubilee said: "Jubilee has successfully secured access to near-term cash generative projects by leveraging its exclusive ConRoast process. This positions Jubilee to establish itself as a significant platinum producer in the near term. Jubilee has increased its holding in both the power plant and the Middelburg smelter operations to improve the Company's earnings potential."

"Sweet-smelling Jam Tomorrow" is the msg - something that LT sharholders have heard before - it is reflected in the sp, despite recent excitement.

Given that miniing is becomming depressed and that the new tech for cars is Electric, the LT value of Platinum is surely depressing? Old Exhausts are recycled and whilst there is a growing Car-ownership Worldwide, much is in China, Asia,Indai (and Brazil?) =places where catalysists are Policitical Activists.

Jubilee enters Memorandum of Understanding ("MOU") for toll processing Dilokong Chrome Mine's Platinum-Bearing Tailings
Jubilee is pleased to report that its newly formed subsidiary company Pollux Investment Holdings (Pty) Ltd ("Pollux")* has entered into a binding and exclusive MOU with Phokathaba Platinum (Pty) Ltd, ("Phokathaba") a South African subsidiary platinum mining company of Australian Stock Exchange listed Platinum Australia Ltd ("PlatAust") to toll process the 800,000 tonnes of Dilokong Chrome Mine platinum-bearing tailings ("Dilokong Tailings") using Phokathaba's concentrator ("Phokathaba Concentrator") on PlatAust's Smokey Hills mine in the Eastern Bushveld. As announced on 13 June 2012 Jubilee was awarded the right to recover the platinum group metals ("PGMs") contained in the Dilokong Tailings.

*Pollux to be renamed Jubilee Tailings Treatment Company ("JTTC").

Highlights
· Jubilee secures access to existing processing capacity to accelerate the production of its own platinum concentrates for smelting in its exclusive ConRoast process;

· This MOU opens the door to explore further opportunities between the two companies that are in line with Jubilee's Mine to Metals strategy;

· Under the MOU, Phokathaba has committed the capacity of its Phokathaba Concentrator to process, on a toll fee basis, the Dilokong Tailings to recover its contained PGMs to concentrate;

The Company will be targeting a tailings processing rate of up to 50,000 tonnes per month.

The MOU is subject to final due diligence by Jubilee, the approval of PlatAust's senior finance provider and, to the extent, necessary regulatory approvals. The parties have agreed to a time line of 45 days to satisfy the conditions precedent.

StockMarketWire.com
Jubilee Platinum is raising up to £1.725m through a conditional placing of up to 20,175,439 new ordinary shares at 8.55p apiece.

The proceeds of the placing will be used, together with existing cash resources, to support growth within the Company's strategic business areas, through which Jubilee is implementing its mine-to-metals strategy.

StockMarketWire.com
Jubilee Platinum's 51%-owned Power Alt (Pty) has now received approval from the National Energy Regulator of South Africafor the sale of electricity to South Africa's national power generating company.

Sales of electricity are expected to commence on 26th October.

Jubilee Platinum chief executive Leon Coetzer said: "Our exposure to the profitable sale of surplus power by Power Alt increases the company's earnings potential and profitability.

"We are focused on growing cash flows and this is another important step, helping to underpin our growth potential."

Jubilee, the AIM and JSE quoted mine-to-metal specialist, is pleased to provide a significant update on its operations and progress with various agreements with respect to Dilokong Chrome Mine tailings ("Dilokong Tailings").

Highlights

· Further to the announcement on 21 November 2012 the Company and its subsidiary Pollux Investments has concluded a toll processing agreement ("Toll Agreement") with Phokothaba (a subsidiary of Platinum Australia) in respect of processing the Dilokong Tailings at Phokothaba's Smokey Hills Mine concentrator. The Toll Agreement accelerates the processing of the tailings by some 14 months to commence during the first half of 2013.

· The parties to the Toll Agreement have commenced consultation, expected to be concluded by January 2013, with parties and local communities who may be affected by the transport and movement of Dilokong Tailings from the Dilokong Chrome Mine to the Smokey Hills Mine.

· Funding of £573,750 has been secured, via a Standby Equity Distribution Agreement ("SEDA") advance pursuant to the SEDA agreement announced on 15 March 2011, which will be used towards settlement of a SEDA backed loan. Under the SEDA advance 7,913,799 ordinary shares are being issued at a subscription price of £0.0725 per ordinary share.

http://www.moneyam.com/action/news/showArticle?id=4503960

Usual response to AGM - all items passed . . YET I thought with a prospect of a merger (DYOR) with an Australian Co. there was insufficient information that the AGM would be posponed.

For example, yesterday I read
"...proposed transaction we believe will materially enhance Jubilee's Mine to Metals Strategy and we look forward to working with PLA as a combined force to develop our respective assets..."

Aparently not, so did those present know what wil be given to the Market, over the next few weeks?

I dpoubt it. Aren't there Rules about Announcements/AGM's?

"Terms: SCHEME OF ARRANGEMENT Jubilee has announced it is in an advanced stage of discussions for a proposed Merger by way of a proposed Scheme of Arrangement with Australian listed Platinum Australia limited.
Further information may follow in due course."