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

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
------------

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.

Motley Fool - 26 August 2015

Are Xtract Resources PLC & Jubilee Platinum PLC Set To Embarrass FTSE 100 Investors?

Penny stocks are hardly a good choice when market volatility springs back to live, but don’t overlook the shares of Xtract Resources (LSE: XTR) and Jubilee Platinum (LSE: JLP), whose performances read 80% and 90% so far this year, respectively. By comparison, the FTSE 100 is down 8% during the period.

With downward pressure on the dollar pushing up the prices of precious metals, my attention has been caught by these two tiny companies, which carry obvious operational and financing risks — yet the shares of both could easily outperform the main index, based on certain assumptions.

I Do Not Dislike Jubilee
Why am I tempted to buy its shares now? Well, they trade at 3.2p, which is below the price of the placing that was announced earlier this month. This is one element I like.

The bears argue that it might be too early to invest in Jubilee, but it’s quite possible that its shares will sky-rocket in this environment — dollar down, gold up is an obvious correlation, but there’s more to it.

At a time when risk appetite is unlikely to prevail, Jubilee has convinced me that its business is on the right track: it has managed to receive the backing of its shareholders, and it could even raise debt to finance its producing assets, all of which would be a remarkable achievement for a £30m market-cap miner whose fair net asset value is virtually impossible to determine at present.

Funding Plan
In early August it said that it had “secured the funding shortfall from the offered debt funding for the simultaneous execution of its two Platinum Surface Projects,” by placing of 71m ordinary shares at a price of 3.4p. That valuation implies a 3.3% premium to the 30-day weighted average price of Jubilee as at 4 August 2015.

Moreover, it is in talks talk with “a major financial institution to secure the debt element” of the project financing that is required to bring its two platinum projects into operation. “The size of the ZAR based debt funding equates to £12.9m before financing costs,” it said, adding that the budget is £13.71m, with working capital estimates at £3.8m.

These are big numbers for Platinum, but good progress has been made since early January.

So, why not?

Execution risk and the price of platinum — which was up almost 10% at one point in August — are elements that bring uncertainly, of course, but then you should invest in plain-vanilla bonds offering negative real yields if you are not willing to embrace risk!

I’m More Cautious On Xtract Resources
Gold prices are up 2.5% in August but had risen more than 6% until Monday during the month.

Aside from a top-down approach, which could support the Xtract investment case, not many elements have emerged since the company in the second quarter said that it had identified a significant “concentration of gold on the intersection of two major geological structures at the Salvadori prospect at the Chepica Gold and Copper Mine in Chile.“

That said, it’s currently valued at 0.25p a share, which is a valuation that received the backing of investors in previous funding rounds.

In truth, Xtract stock could be worth anything between 0.25p and 1p, for an implied market cap of between £22m and £90m, but then its future success depends on how quickly it will actually deliver material updates on its pipeline of projects.

Until then, I am happy to hold fire.

I Am Bullish Here!
I am after more solid trading updates and cash flow prospects, and that's why I'd rather bet on a small, quality firm that boasts an outstanding track record, and whose shares are up 10% today on the back of strong half-year results.

Its prospects are discussed in this exclusive FREE report, which outlines all the main features of this palatable investment, whose value could easily double into 2016.

SA MINE INDUSTRY JOB PLAN TARGETS PLATINUM AS CENTRAL BANK RESERVE ASSET - 26th August 2015

The mining industry is struggling with sinking commodity prices.
Anglo American Platinum’s Khuseleka mine shaft in Marikana, North West.

FILE: The mining industry, which contributes around 7 percent to Africa’s most developed economy, is struggling with sinking commodity prices, rising costs and labour unrest, forcing a number of companies into mine closures and layoffs

SA Chamber of Mines Job losses South African mines

JOHANNESBURG - South Africa’s mining industry, unions and the government have committed to a broad plan to stem job losses, including boosting platinum by promoting the metal as a central bank reserve asset, according to a draft agreement seen by Reuters on Wednesday.

The parties also said they would strive to delay lay-offs, sell distressed mining assets instead of closing them, and look at ways of streamlining the legal process which employers must follow to cut jobs.

The mining industry, which contributes around 7 percent to Africa’s most developed economy, is struggling with sinking commodity prices, rising costs and labour unrest, forcing a number of companies into mine closures and layoffs.

The agreement is expected to be signed on Monday next week after its details were hammered out on Tuesday.

The draft agreement lays out 10 wide interventions including getting the BRICS group of emerging nations to hold “platinum as a reserve asset”- like gold - in their central banks.

Brazil, Russia, India, China and South Africa comprise the BRICS.

South Africa sits on close to 80 percent of the world’s known reserves of platinum, a metal used in emissions-capping catalytic converters which is facing depressed demand.

Its spot price is pinned near 5,5 year lows below $1,000 an ounce.

The gravity of the situation faced by South Africa’s mining sector was outlined on 5 August - when the meetings over the jobs crisis began - by Roger Baxter, head of the Chamber of Mines.

He said over 50 percent of the country’s mines were currently operating at a loss, according to minutes seen by Reuters.

In an apparent compromise to industry, the parties have also agreed to look at ways to streamline the legal process which companies must follow before they lay off workers.

Mining companies, including Glencore, Kumba Iron Ore, Sibanye Gold and Lonmin, have said they plan to cut jobs but are facing pressure from unions and the government to maintain jobs.

South Africa’s unemployment rate is around 25 percent and data on Tuesday showed the economy contracted in the second quarter.

South Africa seals mining jobs deal, proposes platinum plan - Published Monday, Aug. 31, 2015 6:51AM

South Africa’s mining industry, unions and the government signed a broad plan on Monday to stem a wave of job losses triggered by falling commodity prices and soaring costs.

The document of the blue print seen by Reuters last week included boosting platinum by promoting the metal as a central bank reserve asset.

Mines Minister Ngoako Ramatlhodi said the government planned to negotiate this issue with South Africa’s central bank and the New Development Bank which has been launched by the BRICS group of emerging economies.

“I had hoped we can reach a point where it says ‘I promise to pay the bearer in platinum equivalent’ to add to the basket, so we are looking at internal promotion,” he said.

South Africa sits on close to 80 per cent of the world’s known reserves of platinum, a metal used in emissions-capping catalytic converters which is facing depressed demand.

Platinum’s spot price is pinned near 6-1/2 year lows below $1,000 an ounce.

Commitments to delay layoffs, sell distressed mining assets instead of closing them, and the creation of a “development fund” to provide possible employment to laid-off miners are also part of the plan.

Ramatlhodi said almost 12,000 mining jobs were on the line in South Africa, which has an unemployment rate of around 25 per cent and glaring income disparities.

South Africa seals mining jobs deal, proposes platinum plan - Published Monday, Aug. 31, 2015 6:51AM

South Africa’s mining industry, unions and the government signed a broad plan on Monday to stem a wave of job losses triggered by falling commodity prices and soaring costs.

The document of the blue print seen by Reuters last week included boosting platinum by promoting the metal as a central bank reserve asset.

Mines Minister Ngoako Ramatlhodi said the government planned to negotiate this issue with South Africa’s central bank and the New Development Bank which has been launched by the BRICS group of emerging economies.

“I had hoped we can reach a point where it says ‘I promise to pay the bearer in platinum equivalent’ to add to the basket, so we are looking at internal promotion,” he said.

South Africa sits on close to 80 per cent of the world’s known reserves of platinum, a metal used in emissions-capping catalytic converters which is facing depressed demand.

Platinum’s spot price is pinned near 6-1/2 year lows below $1,000 an ounce.

Commitments to delay layoffs, sell distressed mining assets instead of closing them, and the creation of a “development fund” to provide possible employment to laid-off miners are also part of the plan.

Ramatlhodi said almost 12,000 mining jobs were on the line in South Africa, which has an unemployment rate of around 25 per cent and glaring income disparities.

Not sure about all those words - surely Jubilee sp has fallen in line with many other "mining" stocks ( OK rather faster, but that's life with tiddlers ). So what does the SA Gov think it can do with demand falling - that;s the isse for "Profitability" and "Employment" - unless you can create more-uses for the metal, you're stuck.
The SA Gov can provide loans, even improve infrastructure, build schools for the workers' children ( to tempt them to stay )...and even provide Unemployment benefits - but that is temporary - if the World is using less metal, then leave it in the ground and find another Business.

As to JLP - I suspect they are heading for scrap. The sp says it all . . . . although the recent jump might have been Good News, I suspect it was a short-term Bandwagon . . . when the Market thought it can't be any worse....
But we know it can and with complacent Execs running the show since Metal prices collapsed....did they see nothing? Certainly they did nothing....

It's not good IMHO.

EDIT(10Sept2015)- Not sure I understand the next Post - however, I do recognise that Colin Bird has been a regular Buyer of Stock.... even showing a small profit recently, not that means he's overall doing well - that probably needs to sp to rise well into double figures .. . . some hope, eh? . . . currently abt. 3p