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

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

if I was a chicken I would be crowing, more ords now in circulation, my post
sometimes have a clue,.

Is It Time To Double Down On Jubilee Platinum PLC And Gulf Keystone Petroleum Limited?
By Roland Head - Monday, 10 August, 2015 | More on: GKPJLP

Two of the most closely-watched stocks by private investors are Jubilee Platinum (LSE: JLP) and Gulf Keystone Petroleum (LSE: GKP).
Both companies have delivered a roller-coaster ride for shareholders in recent months. Both firms could, arguably, deliver transformative news over the next few months.

Given this, is now the time to increase your holding or should you hedge your bets and take some money off the table?
In this article I’ll take a closer look at both stocks and explain the risks and opportunities which lie ahead.

Jubilee Platinum

Jubilee has been raising cash by selling non-core assets and working to raise new debt funding.
The firm’s goal is fund the development of two surface tailings projects (extracting platinum from mining waste) which the firm said in February could generate annual operating cash flow of $14m.

The problem is that these calculations were based on a platinum price of $1,250 per ounce. Platinum is currently trading at just $970 per ounce. In the same presentation, Jubilee also said the platinum price [in February] was “currently lower than sustainable”.
At the time, platinum was trading at around $1,200 per ounce, 20% higher than today’s price. Given that the platinum market appears to be quite well supplied, there’s not necessarily any reason to expect a sharp rise in the price of platinum.

Another concern is that Jubilee has not yet completed the debt funding it will need to develop its surface projects, although the firm says a final decision is close.

My concern is that Jubilee could get the funding it needs, but like Gulf Keystone, be left with production revenues that are insufficient to repay its debt or fund future investment. This could leave shareholders out of pocket, while the firm’s lenders are repaid.
In my view, now would be a good time to take some money off the table at Jubilee, in case platinum prices stay low for longer than expected.

Ultimately, Gulf Keystone and Jubilee offer the potential for staggering profits -- and painful losses.
In my view, the best way to own these companies is alongside other, less volatile shares which offer more reliable returns.

Bonkers chart
if you can understand the plot