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

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

HOLDINGS CHANGES:-

Jarvis Investment Management Ltd. 39.80m +4.64m

Investec Asset Management Pty Ltd. 24.45m +24.45m

Barclays Bank Plc (Private Banking) 48.17m +21.19m

TD Direct Investing (Europe) Ltd. 43.95m +18.48m

Hargreaves Lansdown Asset Management Ltd. 39.90m +17.77m

Data from 31 Mar 2015 - 03 Aug 2015

Shore Capital Stockbrokers Ltd. 381.00k -4.15m

Panmure Gordon (UK) Ltd. 0 -3.51m

Commerz Real Investmentgesellschaft mbH 0 -2.08m

Winterflood Securities Ltd. (Market-Maker) 0 -1.93m

Walker Crips Stockbrokers Ltd. 218.00k -1.14m

Data from 01 Aug 2015 - 01 Aug 2015 Source: FactSet Research Systems Inc.

Wendy Durham is back but on iii and talking about JLP ........

My view on Jubilee is the same as it has always been.

Long term, it will succeed, provided it can stay alive in the meantime. I've been in Braemore/Jubilee for nearly 10 years now (sucker for punishment, you might say?!) and the cornerstone of what the company can offer is still Conroast and its long-proven ability to smelt just about any PGM-containing rubbish you can chuck at it.

But Braemore got killed by the 2008-9 collapse in PGM prices - just as they were negotiating deals and pool and share agreements with all the new UG2 projects on the Eastern Limb none of whom already yet had off-take agreements with major miners, PGMs crashed along with the world recession, which killed the auto-manufacturers, Pt and Pd's biggest customers. That also killed all the new projects on the Eastern Limb and suddenly Braemore had no customers other than a few not-very-profitable tolling agreements. The money ran out, none was to be had any any price the company would accept, and then along came Colin Bird in the very unlikely costume of a White Knight. His offer was not very good - being at a discount of about 30-35% - but it was acceptable compared with one or two other suggestions that Braemore's then management had laughed into extinction, in spite of the fact that their backs were to the wall. The rest is history.

By the skin of their teeth, Jubilee have managed to keep their heads above water through the bad times, even though it meant they had to do things they never intended to do - like smelting ferro-alloys and buying in power plants - in order to earn just enough cash to keep the business alive. A spin-off from the established brown-field business they bought at Middelburg, of course, has been the ease of getting permitting for a Conroast smelter which could have taken years on a different green- or brown-field site.

Tjate is a lovely asset to have, but not key to the company's future. Because whilst Conroast will greatly enhance Tjate's economics, even the First Mine area is still pretty deep, and the UG2 beneath the Merensky is a good 400 feet further down in that particular part of the Bushveldt.

But now the miracle has finally happened. Jubilee have painstakingly negotiated deals which give them access to large (and ever-increasing) amounts of already-mined PGM-containing material, which will let them concentrate and smelt/refine their own PGM ounces. They have managed to raise enough cash to provide the equity element of a project finance arrangement with a major bank, and the way is at long last clear for production via their own plants on two sites that will put them into a potentially profitable position.

Once other PGM producers can see Conroast in action in a real commercial application - and this will be the first time - how will they be able to carry on ignoring it or trying to browbeat Jubilee into giving it to them for nothing? It's worth remembering that all the majors were offered Conroast long before Independence Platinum and then Braemore came into the picture. And they all refused it. Because Mintek wanted Conroast to offer downstream beneficiation profits to the black empowered mining companies that were developing the UG2-rich Eastern Limb. The majors were resistant to changing their well-proven Merensky smelting processes, and also preferred to continue to make their profit from the punitive off-take agreements they could offer these juniors, rather than adopt Conroast and give away profits....

PGMs are forecast by Johnson Matthey to be in deficit for 2015, and a recently released report shows that deficit deepening going forward. Stockpiles are exhausted. The auto-industry is recovering. At the current low-ish prices, jewellery demand is increasing. Anti-emissions legislation is tightening all over the world. Can we really see Pt staying at $1000 an ounce?

This got rather longer than I had anticipated - sorry if it's too much to absorb at one sitting. But do read, mark and inwardly digest when you have the time.

AQP might want to look to conroast technology owned by JLP to process platinum better?

http://www.miningweekly.com/article/aquarius-looks-for-friends-in-platinum-sector-as-low-prices-bite-2015-08-12
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good news, as the more expensive miners leave the field, for JLP to pick up more contracts?

"Miner and commodity trader Glencore is reviewing its Eland platinum mine and has informed the government and trade unions of a possible closure due to falling metal prices, it said on Tuesday. Depressed commodity prices, rising labour costs and increasing electricity tariffs have also forced other platinum producers like Lonmin and Anglo American Platinum to consider shedding jobs."

"Glencore has informed the Department of Mineral Resources and relevant unions of the potential closures," the company said in a statement. Glencore said it had also begun discussions with trade unions about job losses. "The closure would affect just under 1 000 jobs at the mine," Gideon du Plessis, Solidarity's General Secretary told Reuters.
It is our preference that if you wish to share this article with others you should please use the following link:

http://www.miningweekly.com/article/glencore-says-reviewing-eland-platinum-mine-possible-closure-2015-08-18

RESUME of what has happened lately

1) Directors recently declined paid money to the equivalent of 5p per share and instead took shares when they were valued considerably less. Why? They expect considerable return.

2) Options being granted is in essence 'neutral news' and beneficial when you consider the extra money for the company and the timing of these options. They expect considerable upside in the coming days / weeks.

3) We have a huge amount of very positive and transformational news flow coming. 1) sale of Middleberg, 2) confirmation of the financial debt funded plan with a major SA bank and 3) license award.

4) Production commences in H1 with profitability kicking in during H2.

interesting post from iii

Interesting that you mention the Chinese. I watched a presentation from Colin Bird earlier this year and he stated possible interest in the Tjate project coming from an eastern partner, possibly through an offtake agreement.

One of the two tailings projects JLP have agreements with is part owned by Mitsubishi. The initial project and revenue stream will be from these surface tailings dumps. We were in negotiation earlier this year with a further two PGM surface tailings dumps. The estimated production which JLP will target from the two current sites is 3,300 Oz of PGM's per month, providing an initial revenue stream around $14m (possibly up to $20m) per annum. Essentially that's the current MCAP. So there is massive upside potential in the short to medium term.

AlBrad, you are right, the Tjate project is estimated at £500m to set up. Of course this is a couple of years off. It will be a JV. Remember there are some 70,000m+ Oz's of PGM's estimated here. It is supposedly the worlds largest unmined platinum resource left in the ground. I can't remember precise figures but current new mines in SA are being dug to a depth twice that of Tjate. So essentially JLP's Tjate project will be far cheaper than current majors are paying to sink their own mines. There will be plenty of interest from adjacent blue chip miners too off course when we receive a mining licence.

I heard an interesting comment from Colin Bird, he claimed that a few years back, platinum, or Tjate, was valued at $7 an Oz in the ground...... I'll let others do the maths on 70,000m Oz's! Our MCAP today is a grossly undervalued £17m! When we received the licence, the value of the mine should start to come into play, even more so as we come on line with actual production. Earlier this year Colin said that could be early next year. I hear it will take 6 months to set up a processing plant. Massive buy for sure.