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

StockMarketWire.com
Jubilee Platinum's Middelburg operations maintained performance in the fourth quarter meeting the targeted throughput and gross profit margins.

Unaudited revenue for the Middelburg operations rose by 10.12% on the previous three months and metal production increased to 2,282 tonnes - up from 2031 tonnes in the third quarter.

Unaudited gross profit for the Middelburg operations rose by 25.22% on Q3 on margins of 44% exceeding the targeted gross margin of 38%.

Unaudited net profit for the Middelburg operations rose to ZAR2.53m - up from ZAR1.31m in Q3.

Chief executive Leon Coetzer said: "The Middelburg operations have maintained its performance meeting the targeted throughput and gross profit margins. We will continue to strive to further optimise the operations by reducing the variable cost per metal ton produced while containing the operations overhead. We look forward to concluding a 5 year extended power purchase agreement with the national energy provider of South Africa while simultaneously increasing the power supplied to the national grid. The targeted increased power sales, together with the further improved smelter operations, are targeted areas to further enhance the operations earnings.

"Jubilee continues to invest into the two platinum surface processing projects at ASA and Hernic as it accelerates these projects to bring them into production. The platinum surface processing projects will allow Jubilee to produce low cost platinum concentrates for further processing at the smelters in the near term. The two projects will target a combined throughput of approximately 80 000 tonnes per month of platinum containing surface material.

"These projects have the potential of significantly transforming Jubilee into a low cost platinum producer from surface operations underpinned by the Tjate platinum exploration project."

Companies and Deals
Mining junior Jubilee Platinum steams ahead Company’s plans of becoming a big industry player take shape.
Sungula Nkabinde | 10 March 2015 00:19

Jubilee Platinum almost doubled its quarter-on-quarter net profit from its Middelburg operations for the fourth quarter ended December 31 2014, increasing 94% to R2.53 million.

“We’ve marginally increased the metals production. We’ve reduced overheads and dramatically reduced our variable costs,” says CEO Leon Coetzer, referring to the company’s quarter-on-quarter net profit increase.

The miner made good progress on its plans to enter the big leagues, announcing that it is on the verge of receiving mining rights for its Tjate project, and securing funding for two platinum group metals (PGMs) processing projects.

The quarterly results update also reflects that the smelter and power plant operation posted a 10.12% increase in revenue to R23.8 million and metal production posted a 12.4% increase to 2 282 tonnes.

With the share price only at 29 cents per share (as of Monday’s close), the stock’s 7.69% price run over the past six months is insignificant. The company has, however, embarked on growth-accelerating projects that should see its market capitalisation improve over the coming years.

Projects

Talks are underway to sell more electricity to Eskom, while Jubilee is also negotiating the extension of its current short-term power purchase agreement with the country’s electricity utility to five years.

“An interesting component within our company is that we generate our own power, so any improvement in efficiency has a compound effect as we are then able to sell more of that additional power back to Eskom. And that is a model we will try to improve upon going forward,” says Coetzer.

Jubilee has also signed new contracts with Hernic Ferro Chrome Proprietary (Hernic), the world’s fourth-largest integrated ferrochrome producer, and ASA Metals (ASA), for the beneficiation of chrome and PGMs contained in its surface tailings. The company will fund the construction of both projects and announced on Monday that it would raise R13.17 million from a share rights issue to get the ball rolling.

Coetzer was unable to disclose forecasted financial targets, but said it would roughly translate to an earnings multiple six times higher than the current level within the next 18 months, adding that these projects will allow Jubilee to produce low-cost platinum concentrates for further processing at the smelters in the near term.

“The two projects will target a combined throughput of approximately 80 000 tonnes per month of platinum containing surface material. (They) have the potential to significantly transform Jubilee into a low-cost platinum producer from surface operations underpinned by the Tjate platinum exploration project,” says Coetzer, reffering to the company’s targeted 70 ounce PGM project.

Based on the Department of Mineral Resources’ (DMR’s) request for Tjate to support its mining right application with an operational rehabilitation guarantee, the mining rights are close to being issued – one of the final steps to climb in the process.

Tjate is a large platinum exploration on the border of Anglo American Platinum’s Twickenham mine, and Impala Platinum’s Morula mine. According to Coetzer, the DMR’s request triggered the R75 million sale of its non-core Quartzhill property to Amplats, as the deal anchored on mining rights approval. The Tjate project could be a game changer for Jubilee as the company will transform from a PGMs processing company to mining platinum on a commercial basis.

On why the company’s stock is so cheap, Coetzer says the negative sentiment towards platinum mining in South Africa, which started during the 2008 financial crisis, is amplified by the company’s junior status, which intensifies its perceived risk profile.

“It’s a sad state of affairs,” he explains. “Our share price, like every other junior, has been decimated. By simply looking at the asset value of the company, and the value that Anglo has placed on such a small corner of the (Tjate) project, you can see just how badly discounted junior mining companies are in South Africa.

The Directors of AIM-quoted and Altx-listed Jubilee, the Mine-to-Metals company, are pleased to announce the unaudited interim results of the Group for the six months ended 31 December 2014.

The interim results for the period under review reflect the growth in the Company's revenue base supported by the improved performance from the Middelburg smelter and power plant (collectively the "Middelburg Operations") while further reducing overhead expenditure. The improved performance of the Middelburg Operations reflects the successful implementation of the renewal program over the past two years. Further process optimisation is expected during H1 of 2015, specifically targeting the Middelburg Operations variable cost component.

FINANCIAL HIGHLIGHTS
Revenue increased by 22% to £2.8 million (2013: £2.3 million). In ZAR terms revenue increased to ZAR 49.4 million (2013: ZAR36.11 million).

Gross profit increased by 34% to £1.3 million (2013: £0.97 million) - supporting the sustainable revenue growth over the last two reporting periods. In ZAR terms gross profit increased to ZAR 23.7 million (2013: ZAR 15.5 million).

Loss per share for the period reduced by 57% to a loss of 0.2 pence per share (2013: loss of 0.46).

OPERATIONAL HIGHLIGHTS
Middelburg Operations performance further improved on the back of the implementation of the smelter renewal program.

The Department of Mineral Resources (DMR) requested Tjate to support its mining right application with an operational rehabilitation guarantee. This requested is expected to be the final step prior to the issuance of a Mining Right.

Entered into a PGM (Platinum Group Metals) heads of agreement (HOA) with Hernic Ferrochrome Proprietary Limited (Hernic) for the processing of its PGM-containing surface material estimated in excess of 3.3 million tonnes. The HOA with Hernic significantly enhances Jubilee's access to platinum containing surface material which is in addition to the platinum containing surface material secured at ASA.

Both the Hernic and the ASA platinum processing projects placed on accelerated project schedules targeting to be fully operational during 2016.

Chief Executive Leon Coetzer commented:
"We are delighted with the continuing progressive results, both operational and financial, from our Middelburg operations. Jubilee is firmly focussed on the execution of its surface platinum processing projects as we accelerate the Company into a position where we are a significant producer of our own platinum group metals. The recently reported acquisitions and agreements are transformational and will make Jubilee a significant player in the platinum arena. It is expected that our new projects will be executed and in commercial production during 2016. The Jubilee mission is strengthened and supported by its ConRoast capability which is a door opener when competing for projects and provides us with multi opportunities for the rapid growth of the Jubilee Mines-to-Metal mission."

Keep an Eye
2.25p ( 2.20 / 2.30p )

Retracement done 50%, is now on the way up. Positive Level 2 of 3 v 1. Some expected licence soon to come through if so price could double with it.

JLP being the leading Pt. processor in SA for all junior miners and the go-to-guy for high chromium content PGM ore processing. The projects their are pursuing now are the first steps along this journey. Tjate provide a nice solid safety net to underpin the future of JLP.

yesterday's chart

re - 50% retracement

and now 50% retracement on the intraday chart, so lets go for the next leg up

High 2.35p
low 2.10p
middle now 2.225p

After the pause new interest on the shares, and is moving higher more interest will be welcome

yes the turn up is not only on the share price but also on the buying trades

Pros and Cons of investing on JLP

Risks:
The risks of platinum mines on the Bushveld Complex of South Africa are well known in industrial, geological, metallurgical and macro-economic terms.
Right now the primary risk for JPL is in sourcing capital at a sustainable cost. Which will be achieved.

Investment summary:
The board has weathered the commodities storm very well indeed, being paid in equity, leveraging intellectual property and grabbing opportunities in energy supply. JPL has always seen metals production from a geological resource as its raison d’être.
The tailings projects are a halfway house to achieving primary mined production. In a capital-constrained market where no new PGE mines are being built, they represent a potential step-up in cash flow from the low millions of dollars pa, as a services company, to the order of $10-20m per year as a tailings miner.
This will throw off enough cash to advance the Tjate project at a speed that doesn’t outstrip the market. This is a long play where management are using intellectual property to form the foundation to competitive advantage.

3,50p In a month. Bit conservative.
http://www.shareprophets.com/views/12859/zak-mir-s-bulletin-board-heroes-featuring-ceb-resources-ddd-group-eurasia-mining-galantas-gold-jubilee-platinum-orosur-mining

Zak Mir's Bull Call Of The Day: Jubilee Platinum: Extended Base Should Lead Towards 3.5p
By Zak Mir | Sunday 21 June 2015

Although we seem that the recovery here at Jubilee Platinum is very much on the way on the daily chart, it is also evidence that this recovery has been almost a year and a half in the making.

Another movement up today to 2.30 v 2.45p

Chart is looking very good lately but still more to come on looking longer term
Is that the perfect BOWL on the making?

Closed at best of the day 2.525p+0.325p with volume= bullish

from British Bulls tonight .....

JUBILEE PLATINUM - JLP
Last Signal:BUY
Last Pattern:BULLISH ENGULFING
Last Close:2.525 Change:+0.325

Signal Update
Our system’s recommendation today is to BUY.
The BULLISH ENGULFING pattern finally received a confirmation because the prices crossed above the confirmation level which was at 2.20

british bulls/JLP

A very good opening and the trades are on good size, so only one thing can result from it ....UP and UP

Follow the charting BOWL
spread 2.60 v 2.70p +0.125p

CNBC article today

When asked for his sleeper pick, RJ O'Brien senior commodities broker Phillip Streible replied that "if you ask me that question today, tomorrow, or 10 years from now, my answer will always be 'silver.'"
Streible is a fan of silver for its unique blend of industrial and precious metal qualities. Once silver is able to divorce itself from its beleaguered yellow brother gold, it will head far higher, the trader believes.

"I truly believe there will be a point where silver disconnects itself from gold and works off of more of a supply/demand pricing, and we see prices blow through $20… $30… $100+ dollars an ounce," Streible wrote to CNBC (the commodity is now a bit below $16). "It's just going to take a trigger to get it going."
Additionally, he rather counter-intuitively argues that upcoming rate hikes from the Fed "will ultimately break the back of the bulls in the stock market, and send investors back into metals. This can act as a catalyst to get people watching silver."
Streible isn't the only one rooting for silver. Teddy Sloup, senior market strategist at Chicago-based trading firm iiTrader, also finds several reason to be about silver, at least in the near-term.

Sloup acknowledges that an interest rate hike, in theory, is "bearish as hell." Still, tighter rates have "been on the table for a year, and at this stage, must be baked into the short-metals-thesis cake."
In addition, traders have gotten more bearish on the metal, so a short covering rally has been ahead, Sloup says. And finally, the trader says silver has "found a strong bottom" around $15.50, bouncing off of that level several times.

No love for gold

Gold, meanwhile, still has plenty of detractors.
Anthony Grisanti of GRZ Energy has tasted same cake as Sloup, but made the opposite conclusion about its flavor. He reasoned that a rate hike will lead to a yet stronger dollar, and that this dollar rally will lead gold to drop to $1,100.
Andy Hecht, author of How to Make Money with Commodities, also says that shorting gold is the best trade for the second half.
Gold and platinum are each trading at high premiums to gold in a historical context, which either means that silver and platinum or too cheap, or that gold is too expensive.

Unlike Sloup and Streible, Hecht would bet on the latter, given the prospect for higher interest rates and a stronger dollar. He sees gold falling to $880 per ounce.
Shorting gold, buying silver, or buying soft commodities—only time will tell which one is the best bet.
—By CNBC's Alex Rosenberg.

Completion of tranche 2 of the acquisition of 100% of the beneficial interest in the DCM Platinum Recovery Project

Jubilee, the Mines-to-Metals company, announces the second of three tranche payments to acquire 100% of the Company's subsidiary, Pollux Investment Holdings Proprietary Limited ("Pollux") from Lipsoset Proprietary Limited ("the Seller") for a consideration of R4.0 million (GBP 0.207 million). Pollux holds the exclusive rights to beneficiate the platinum group metals ("PGM's") from the platinum containing chrome tailings at ASA Metals Pty Ltd ("DCM Platinum Project"). The phased acquisition of Pollux aligned with Jubilee's objective to minimize shareholder dilution in-line with the Company's value growth.

Highlights
· Increases in beneficial interest in the DCM Platinum Surface Project
· Received two funding offers for the completion of both Platinum Surface Projects
· Jubilee reviewing offers received for the acquisition of its non-core, non-platinum assets

Leon Coetzer CEO says: "Progress to our Mines-to-Metals strategy is accelerating with two offers received for financing of our surface tailings projects and firm cash offers for our non-core, non-platinum assets being reviewed.

"These share based payments are consistent with our "fast track" approach to significant platinum production, securing ownership and ensuring that remaining debt is extinguished.

"We look forward to bringing into operation the two platinum surface projects in 2016 targeting a production of 42,000 ounces of PGM's."

Late yesterday was moving higher and this morning is well up also

DOWN AND UP AGAIN TODAY

strong finished so maybe a better start tomorrow

From "jeffry"........

just thought I post something after my long discussion with one of directors re JLP earlier this week.

Tjate:

nobody knows when the mining right will be granted but based on JLP understanding, all requirement have been fulfiled and now waiting for SA authority to approve. it could come anytime.

Although the Tjate project is still far from production due to huge cost required to develop it, the significant of the mining right approval is that it will open up several options to JLP. JLP could then seriously enter into discussion with several potential acquirers who could in theory take a stake in the project (ie JV). They could be one from very deep pocket so that they can help develop Tjate project. For example, Mitsubishi and also chinese mining Sino xxxxxx (i cant remember exact name) already aware of JLP platinum projects. However, this discussion will only be possible once mining right is granted.

my own view: mining right approval will result in huge lifting in JLP share price as it will open up serious discussion with major player (Mitsubishi name was mention though not sure how serious, also the chinese name, maybe just a suggestion? fyi - Mitsubishi metal is huge japan based metal trading firm) not to mention any news on potential JV will drive share price even higher.

Tailing:

most shareholders are so focus on Tjate and forgetting the important of Tailing (ie surface) projects. we have 2 tailing projects at the moment, which can be company maker in itself. since its on the surface, the cost of processing is very low compare to actual mining from below the surface (deep underground). so, the cost is roughly $500 per ounce. even at low price of platinum at the moment is hugely profitable to JLP.

Directors a bit disappointed that not many shareholders realised the significant of figures quoted in RNS (though i did say they should put clear calculation on how much potential profit ).

i can see someone already done rough calculation, which is close approx.

ie, 42000 per year for 10 years (he did confirm for 10 years) assuming average price of $1000 and cost $500, gives

42000 x (1000 - 500 ) = $21m profit per year

for 10 years = $210m profit. and this is based on $1000 metal price. should the price is much higher in the future, you can calculate yourself the potential profits to JLP !

the point he is trying to make is that tailing project itself is worth multiple of JLP current market capitalisation. And hopefully soon more shareholders will realise how undervalued JLP is just on tailing project alone.

If Greek vote is NO as the polls say.....

......this should provide a fillip for precious metals in the coming week.

StockMarketWire.com
Jubilee Platinum, has announced that it has executed a sale and purchase agreement, in terms of which Main Street 1347 Proprietary Limited, a special purpose vehicle established for the purposes of the Disposal, will, subject to shareholder approval, acquire 100% of the issued shares of Jubilee Smelting and Refining Proprietary Limited, a subsidiary of Jubilee owning the Middelburg Smelter Complex, for ZAR72.0 million (approximately GBP3.8 million) and 70% of the issued shares in Power Alt Proprietary Limited owning the power plant, for ZAR38.5 million (approximately GBP2.0 million) collectively referred to as the Middelburg Operations.

SPV is a nominee company of Siyanda Resources Proprietary Limited, a respected mining and beneficiation specialist company registered in South Africa, as well as a global leader in many of the markets within which it operates, and the ultimate majority shareholder in SPV.

Leon Coetzer CEO says:
"The Disposal is in keeping with our stated mission of processing own PGM production. Jubilee retains the right to a 5MW ConRoast smelting facility at Middelburg and receives significant cash to assist in the financing of its future surface platinum processing operations.

"Terms for further funding, required to simultaneously execute both platinum surface processing projects, have been offered by a number of financial institutions. I am delighted with the outcome of the Disposal and remain committed to further growth of all of our platinum activities."