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

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."

StockMarketWire.com
Jubilee Platinum subsidiary Power Alt (Pty) has achieved its targeted sales of 5.1MW of generated power into the South African national electricity grid under the power purchase agreement.

In addition, the PPA's contracted power value has been increased to ZAR50.1m per year and an option has been granted to Power Alt to increase the generated power for sale to 10MW, which has the potential to increase the CPV to ZAR98m.

Issue of Equity
Jubilee, the AIM and JSE Limited ("JSE") quoted mine-to-metal specialist, announced on 10 January 2013 the issue of 15,757,576 Ordinary Shares under a SEDA Advance. It is expected that these shares will be admitted to trading on AIM and the JSE on 17 January at 8am United Kingdom time and 10am South African time respectively.

Jubilee is also issuing 538,084 ordinary shares of 1 pence each in lieu of cash for corporate advisory fees. It is expected that these shares will be admitted to trading on AIM and the JSE on 18 January at 8am United Kingdom time and 10am South African time respectively.

On 18 January 2013, following both of the above share issues, the total issued share capital of the Company will be 337,430,390. The Company holds no ordinary shares in treasury.

Therefore, following the issue of equity, the total number of voting rights in the Company will be 337,430,390.

Update Relating to the Proposed Transaction by Jubilee Platinum Plc ("Jubilee") with Platinum Australia Ltd ("PLA") and renewal of Cautionary Announcement

INTRODUCTION:
Jubilee is pleased to announce that, further to the cautionary announcement on 14 December 2012 regarding a proposed business combination or merger ("the Proposed Transaction") with Platinum Australia Ltd by way of a proposed Scheme of Arrangement ("Scheme"), the Parties have agreed to extend the binding and exclusive terms of the Heads of Agreement to 28 January 2013 ("Extension Period"). Under the Proposed Transaction, Jubilee will secure the terms of a funding package to reinstate operations at the near surface Phokothaba Mine, currently placed under care and maintenance by Platinum Australia. Jubilee has secured indicative terms sheets for the project financing structure from financial institutions and will work towards concluding the funding structure within the Extension Period.

Leon Coetzer, Chief Executive Officer of Jubilee, said: "We are pleased with the progress made towards effecting the Proposed Transaction with Platinum Australia. The targeted enlarged group would include the combination of shallow and at-surface mining and exploration assets together with a fully operable shallow mining operation and smelters, underpinned by the very large Tjate mining exploration asset."

RENEWAL OF CAUTIONARY

As the Proposed Transaction is still in negotiation stages, shareholders are advised to continue to exercise caution when dealing in their securities until a further detailed announcement is made.

Harry - I hold these and AQP having bought here yesterday.

Me too, but from a while back, is it worth a small average down skinny??.,.

BB - who knows?

I bought based on the price of platinum and the chart.

I think the rumour mill is on overtime today.

if the rumour fades........ for god sake start another.,.

sharp sp rise without positive news = MM manipulation, lot of it going on with small caps at the moment, recent rise and fall in BPC sp is an example.

Oh well - +14.5% on the day - better than a poke in the eye with a sharp stick.

Issue of Equity
Jubilee Platinum, the AIM and JSE Limited ("JSE") quoted mine-to-metal specialist, wishes to advise that it has made application to AIM and the JSE for the listing of the following shares:

6,187,765 shares as consideration for the purchase of further shares in Jubilee subsidiary Power Alt (Pty) Ltd ("Power Alt"). As a result Jubilee's holding in Power Alt will increase by 9.5% to 68.1%

907,276 shares as consideration for the purchase of a further 5% interest in Jubilee subsidiary Pollux Investment Holdings (Pty) Ltd ("Pollux"). As a result Jubilee will own 67.5% of Pollux; and 584,689 shares to Majestic Filtration Solutions (Pty) Ltd as vendor consideration.

It is expected that the above issue of 7,679,730 ordinary shares of 1 pence each will be admitted to trading on AIM and the JSE on 28 January at 8am GMT and 10am SAST respectively.

Following the above shares issue, the total issued share capital of the Company will be 345,110,121. The Company holds no ordinary shares in treasury. Therefore, following the issue of equity, the total number of voting rights in the Company will be 345,110,121.

StockMarketWire.com
Jubilee Platinum (LON:JLP), the AIM and JSE Limited quoted mine-to-metal specialist, is pleased to announce that, further to prior cautionary announcement of 16 January 2013, the Company has secured and concluded indicative project financing in total, from financial institutions to reinstate operations at the near surface Phokothaba Mine, which has currently been placed under care and maintenance by PLA.

Consequently, the Company and PLA have agreed to extend the Heads of Agreement to 04 February 2013, to conclude the Implementation Agreement to execute the proposed merger of PLA. The Company will provide further details on the Proposed Transaction on conclusion of the Implementation Agreement.

Leon Coetzer, Chief Executive Officer of Jubilee, said: "We are pleased with the Company's progress towards securing funding for the reinstatement of the Phokothaba Mine and we are moving aggressively towards concluding the Proposed Transaction. The enlarged group would include the combination of shallow and at-surface mining, a fully operable shallow mining operation and smelters and exploration assets underpinned by the very large Tjate mining exploration asset, making the enlarged group a significant low cost player in the platinum industry."