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

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."

Jubilee Platinum Shares Surge As It Sells Non-Platinum Assets
Thu, 16th Jul 2015 13:11

LONDON (Alliance News) - Jubilee Platinum PLC on Thursday said it has struck a deal to sell its non-platinum assets at Middelburg in South Africa for ZAR110.5 million, or around GBP5.8 million.

Jubilee said it has sold the assets to Main Street 1347 Pty Ltd, a special purpose vehicle created to acquire the assets. Main Street will acquire Jubilee Smelting and Refining Pty Ltd, a Jubilee-owned subsidiary which owns the Middelburg Smelter Complex, and Power Alt Pty Ltd, which owns the power plant at the site.

The proceeds from the sale will be used to fund the capital required for the construction and commissioning of Jubilee's Dilokong chrome mine platinum surface-processing project, also in South Africa.

Shares in Jubilee were up 12% to 2.16 pence on the news, one of the best performers in the AIM All-Share in early afternoon trade.

I like the word surge, lol, the day jubilee surge to anything worthwhile will be a miracle.,.

second day with a good rise with volume, 2.60p at offer

around this price 2.675p short time is overbought on the Bollinger bands as the share rprice has gone over the top band

All looking good isn't it ?

Blimey in profit for first time in 3 years.,.

and out at a profit......

Looking strong once more this morning spiking from the stat of the day, reaching not long ago 4.525 +0.675p

some profit taking since, as the share price has more than double during the space of 2 weeks

and once again a new high earlier, profit taking since

the chart was saying "BUY" all along

I'm pleased it's moving in the right direction, but I'm not sure that 4.98p is a new high - this used to trade over 200p.....

more ords to come on market more money wanted more metals to go down
more firms in trouble AAL more drop divi don't look a gift hoarse in the mouth
more nashing of teeth more rise for JLP depends on how more of you buy NAV
forcast more than 5p .the BB

queen1

is a new high counting from 1.20p low
did you see the CUP shape chart, almost completed at 5.425p earlier this morning

black bird

many black ideas on you tiny brains or maybe feathers instead of it.
talk is cheap if it comes from you ( waste of time is the reason )

more ordinary shares to come in circulation, for JLP more dilution , long term buy OK