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

Perhaps we can see some profit from this one at long last........ doubtful.,.

StockMarketWire.com
Jubilee Platinum has executed a tailings access agreement with ASA Metals Proprietary Limited and its subsidiary Dilokong Chrome Mines Proprietary Limited.

Under the agreement, Jubilee is awarded the exclusive right to access the PGM - bearing tailings (surface stock) on the DCM mine area and the right to construct, a dedicated chrome and PGM processing plant on the mining area to process the tailings.

In addition, ASA has agreed to give Jubilee access to sufficient power and water for the construction and operation of the new processing plant.

Middelburg Operations cash positive and Power Sale contract extended to take up any surplus power
Jubilee, the AIM-quoted and AltX-listed Mine-to-Metals specialist, is pleased to announce that the Company's Middelburg Operations has achieved its operational and financial targets for May 2014 delivering an unaudited net profit of ZAR 1.33 million (GBP 76 282) which will result in positive cash flow to the Company. This follows the successful commissioning of the 3rd ARC furnace during May 2014 as part of the final phase to the Renewal Programme commissioned by the Company in 2012. This financial result was achieved with the Middelburg Smelters ("Smelter") increasing overall metal production by 45% compared to April 2014. The Company is further pleased to announce that the Private Power Purchase Agreement for the sale of electricity to the South African National Energy Provider utility has been further extended to the end of March 2015 with an escalation in power sale price of 6.4%.

Highlights
· Unaudited profit achieved at Middelburg Operations

· Production increased by 45% month on month on the back of the commissioning of the 3rd ARC furnace

· June 2014 production numbers to date are on target to further improve positive contribution to cash flow

· Private Power Purchase Agreement ("PPPA") extended to 31 March 2015 with a 6.4% escalation in electricity sale price awarded to the Company's subsidiary Power Alt Proprietary Limited ("Power Alt")

· The extended PPPA is for all surplus electricity generated by Power Alt and has the effect of buffering the revenues generated by the Middelburg operations since a smelter interruption is offset by increased power sales

StockMarketWire.com
Jubilee Platinum has reported significant advances over the past quarter, the most significant of which is the conclusion of the successful smelter upgrade and renewal programme that delivered a profitable operation within a month of commissioning.

Leon Coetzer, CEO of Jubilee, said: "The Middelburg operation is further uniquely buffered against smelter interruptions as we are able to seamlessly increase our electricity sales to the National Energy Grid of South Africa during periods of lower power utilisation by the Smelter.

"This commercial strategy not only plays a significant part in offsetting escalating energy costs but also stabilises revenues during potential future smelter interruptions."

Quarterly Operations and Financial update
Jubilee, the AIM-quoted and AltX quoted Mine-to-Metals specialist, is pleased to announce an operations and financial update for the Middelburg operations ("Middelburg") for the second quarter of 2014 (Q2). The Company is also updating shareholders regarding the sale of the Quartzhill property owned by Tjate platinum Corporation Pty Ltd ("Tjate").

Highlights
· Unaudited revenue for Middelburg up 44.89% Q2 on Q1
· Unaudited gross profit for Middelburg up 11.14% for Q2 and exceeding the targeted 38.00%
· Unaudited net loss for Middelburg Q1 of ZAR 2.691 million (GBP 0.151 million) converted to a net profit of ZAR 1.247 million (GBP0.070 million) in Q2
· Production up 47%
· Platinum smelting targeted for Q3 2014


Leon Coetzer, CEO of Jubilee, says:

"The Company continues to make significant progress in all of its current and projected activities. The final hurdle for the submission of the Environmental Management Program, as part of the Tjate mining right application, has been overcome and submission is targeted for the end of July 2014 which will conclude the submission requirements by the Department of Mineral Resources. We are working closely together with Anglo Platinum for the conclusion of the sale of Quartzhill, linked to the Tjate mining right."

"The Company is meeting all the challenges presented by the current operating environment and remains fully confident in the developing business model and the opportunities it presents."

Tjate Submits Environmental Impact Assessment and Environmental Management Reports

Middelburg Operations
Jubilee, the AIM-quoted and AltX quoted Mine-to-Metals specialist, is pleased to announce that its subsidiary, Tjate Platinum Corporation Proprietary Limited ("Tjate") has submitted its Environmental Impact Assessment ("EIA") and Environmental Management Programme ("EMP") to the Department of Mineral Resources ("DMR") in respect of the Tjate Platinum Mine Project ("Tjate Project"). This submission is expected to be the final requirement of the DMR towards achieving a mining right for the Tjate Project. The Directors are pleased that Jubilee is progressing towards completion of the sale of Quartzhill which is expected to generate gross sale proceeds of GBP 4.1 million (ZAR 75 million).

Leon Coetzer, CEO of Jubilee said: "The submission of the EIA and EMP for Tjate marks a very important step in the application to the DMR for a mining right for Tjate. Jubilee, through Tjate, has engaged with the DMR towards expediting the mining right application and associated sale of the Quartzhill property.

"I am also encouraged to report that our Middelburg Operations sustained positive earnings for July 2014 in spite of the challenges faced at the smelter operations due to the national labour strike by employees affiliated to the National Union of Metal Workers of South Africa."

Grief, this was c.10p last AGM I attended and Dirs thought that was unnecessarily low, as the Market didn't understand - etc.

Now it's abt. 90% down from there....Yikes!

er, and Yikes again!

EDIT: ( 8Nov2014 ) - now 1.4pence...

Result of AGM
The AGM was held at 11 a.m. on Wednesday 24th December 2014 and all ordinary resolutions were passed.

Special Resolution 1 was not proposed at the meeting and shareholders voted to adjourn the meeting. The Directors anticipate being in a position to make a corporate update relating to the Company's platinum surface operations during January and will reconvene the AGM thereafter.

StockMarketWire.com
Jubilee Platinum has concluded heads of agreement with Hernic, the world's fourth largest integrated ferrochrome producer. Hernic targets to appoint Jubilee as the exclusive party to beneficiate the chrome and PGM's contained in its surface tailings.

In addition to its PGM-containing surface tailings, Hernic also has access to at-surface secondary stocks.

The HOA facilitates the processing of approximately 1.7 million tonnes of chrome tailings material and Hernic identified that the tailings material could exceed 3 million tonnes through additional drilling programs.

The 1.7 million tonnes of chrome tailings material has been fully drilled and assayed for Chrome and PGM content to produce a resource statement of which approximately 90% of the resource is classified within the measured category under the internationally recognised SAMREC code.

Chief executive Leon Coetzer said: "We are very proud as a company, to be selected as the exclusive partner to execute Hernic's PGM processing project following an extensive selection process by such a prestigious entity as Hernic." The envisaged project will be the largest PGM beneficiation plant of Chrome tailings re-claimed from a surface chrome tailings dam in South Africa."

There is a lot of buying today and is on the rise

Some positive news on the way is the cause
Level 2 is strong on small spread 1.95 v 2p

Moving fast now as is a BREAKOUT on the chart, moving higher than the earlier intraday high

Despite MMs games on pulling the stock back from time to time, a new high of 2p has been achieved

HARRYCAT
-didn't make AGM on Xmas Eve, in my experience that date is a signal they don't want retail shareholder to attend... did you? - or maybe yr Post is from the RNS?

& I understand there is a General Meeting scheduled . . . . but. . . .

Go to an AGM on Christmas Eve???? Just not going to happen for most people!
My post was from a RNS.
I hold stock from 2010, so not really expecting great things any time soon!!! Good to see sp moving up and should probably average down, but reluctant to throw good money after bad at the moment.......watching.....forever watching!

up to 2.15p with large volume 8M, more than half yesterday's already

for those interested a LIVE webcast today in 5 minutes

Following recent positive developments in the JLP camp, a LIVE webcast will be held at 10am GMT this morning offering shareholders the opportunity to engage directly with the Directors of Jubilee ("Board"). The web cast will provide shareholders with further clarity on the implementation of the Company's platinum surface processing projects. This web cast has been arranged following the JLP's announcement on 19 January 2015 that it successfully secured a second platinum bearing surface project.

Get involved by logging into the interactive webcast here ===> http://www.brrmedia.co.uk/event/133460

A Golden cross is on the way 50 MA crossing up 200 MA, is suppose to be VERY bullish

Funding secured for conclusion of detail design and engineering of Jubilee's two platinum surface projects, issue of equity and Tjate Mining Right Update

Jubilee, the AIM-quoted and AltX-listed Mine-to-Metals specialist, is pleased to announce that it has secured the funding for the detail design and engineering for both its chrome and PGM's surface processing operations. The purpose of the funding is to support, inter alia, the conclusion of the detail design and engineering study program to allow the construction of the surface PGM and chrome beneficiation processing plants at both Hernic Ferro Chrome Proprietary Limited ("Hernic") and ASA Metals ("ASA"). The detail design and engineering studies are expected to be completed by April 2015. As previously announced on 19 January 2015, the Company entered into a Heads of Agreement with Hernic; the world's 4th largest integrated ferrochrome producer for the beneficiation of the chrome and PGM's contained in its surface tailings.

The Company has targeted project funding for the construction of both PGM processing projects and has, in the interim, engaged with targeted financial institutions while the detail design and engineering studies are completed.

The funding to conclude the detail design and engineering studies for both PGM processing projects have been supported through the issuance of Jubilee shares for cash as well as settling selected creditors in Jubilee's subsidiaries to release internal funding towards the simultaneous execution of both PGM processing projects.

Accordingly the Company has completed a placing of 49 999 997 new ordinary shares of 1 pence each ("Ordinary Shares") in Jubilee (the "Placing Shares") at a price of 1.50 pence (ZAR 26.35 cents) per share to raise approximately GBP 750 000 (ZAR 13 177 500) at current conversion rates. Mr Colin Bird, non-executive Chairman of Jubilee participated in the placing to the value of GBP 20 000 which equates to 1 333 333 shares. This brings Mr Bird's total shareholding in the Company to 8 516 512 Ordinary Shares representing 1.2% of the Company's total issued capital.

The Company will further issue Ordinary Shares on behalf of its subsidiaries Braemore Resources Limited ("BRL"), RST Special Metals Proprietary Limited ("RST") and Jubilee Smelting and Refining Proprietary Limited ("JSR") in lieu of debt for services provided ("Settlement Shares"). A total of 24 666 667 new Ordinary Shares will be issued at an average price of 1.5 pence (ZAR 26.35 cents) to settle debt in an amount of GBP370 000 (ZAR 6 500 900) at current conversion rates.

The Company is also pleased to provide a further update on the application for a mining right for its Tjate Platinum project. As previously announced, Jubilee's subsidiairy Tjate Platinum Corporation (Proprietary) Limited ("Tjate") executed a sale of rights agreement with Anglo American Platinum for the sale of its non-core Quartzhill property for a consideration of R75 million (GBP 4.3 million). The sale of rights agreement is conditional only on the approval by the Department of Mineral Resources of South Africa ("DMR") which approval is linked to the mining right for the larger Tjate platinum project. Tjate has received formal communication from the DMR that an Environmental Rehabilitation Guarantee ("ERG") to the value of R27 million (GBP 1.5 million) be provided to the DMR. This request from the DMR is traditionally indicative of the final step towards receiving the grant of the mining right.

Leon Coetzer, Chief Executive says: "The execution of the two surface PGM processing projects with a potential access to more than 4.5 million tonnes of platinum containing material at surface is a significant step forward for the Company and defines the key deliverables for Jubilee over the next 12 months. The projects have the ability to increase Jubilee's earnings with a significant multiple and will redefine Jubilee as a fully operational low cost PGM producer complemented by its exclusive ConRoast process and the Tjate Platinum project.

"The executed fund raising has been limited to target the funding of the design and engineering execution studies while the Company engages with financial institutions to maximise the exposure to project funding supplemented by the income from the sale of non-core exploration assets to minimise expected shareholder dilution.

"We are very encouraged by the DMR's request to put in place the ERG towards the grant of the mining right and look forward to receiving the mining right in the very near term."

1.5p

Jubilee Platinum turning a corner
By Greg Watson
February 11 2015, 2:22pm

Jubilee (LON:JLP ) have today announced a fundraising of £750,000 at 1.5p to support the conclusion of the detailed design and engineering study programme to allow the construction of the surface PGM and chrome beneficiation processing plants at both Hernic Ferro Chrome Proprietary Limited (Hernic) and ASA Metals (ASA).

Hernic, who are majority owned by Mitsubishi, recently concluded heads of agreement with Jubilee to process their tailings ahead of a number of competitors.

When the deal with Hernic is finalised the company will have access to in excess of 4mln tons of surface tailings.

Management is targeting production on 40,000 ounces of platinum a year which is expected to generate operational cash flow of $14mln a year assuming a platinum price of $1,250. This would make them one of the top ten core platinum producers in the world.

Normally this is where the market starts to panic about equity fundraisings to finance such a deal, however with the mining rights for Tjate expected in the “very near term” the company could see a £4.3mln injection from the sale of their non-core Quartzhill farm property to Anglo American Platinum.

The rest of the funds required are expected to be raised through debt for which the company is already in talks.

If we factor in the cash flow generative smelting operations and the power processing plant it would appear the company have made good progress on a tight budget over the last few years, yet this doesn’t appear to be reflected in the current share price.

With a market cap of just £10mln it is our opinion the company has significant upside potential from the current levels if things go to plan over the coming year.


*The views expressed are the views of Shard Capital and should not be construed as investment advice, as we have not assessed your individual suitability for personal investment advice."

http://www.proactiveinvestors.co.uk/columns/shard-market-eye/17794/jubilee-platinum-turning-a-corner-17794.html

Has reached another bottom and wanting to turn
early buys has moved the offer and positive on the bid side