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

4.30p +0.55p

Jubilee meets all sale conditions for the Disposal of Middelburg Assets

Jubilee, the Mine-to-Metals company, is pleased to announce that at all conditions precedent have been satisfied with regard to the disposal of 100% of the issued shares in Jubilee Smelting and Refining Proprietary Limited ("JSR"), the owner of the Middelburg Smelter and 70% of the issued shares in Power Alt Proprietary Limited ("PA"), the owner of the Power Plant for a combined consideration of ZAR 110.5 million (approximately GB5.3 million) (the "Disposal"). Jubilee concluded the Disposal with Siyanda Resources Proprietary Limited acting though Main Street 1347 Proprietary Limited -a special purpose vehicle established for the purposes of the Disposal.

Highlights

· All conditions precedent to the Disposal satisfied

· Transfer of ownership on 30 September 2015 with final settlement on 9 October 2015

· Jubilee to receive in, aggregate ZAR110.5 million (approximately GBP5.3 million), for the Disposal on 9 October 2015

· Jubilee retains right to construct a 5MW platinum furnace at the Middelburg Operations

· Jubilee retains rights to participate in any expansion of the Power Plant

· The Disposal further facilitates Jubilee's fast track approach towards the implementation of the two Platinum Surface Processing projects in 2016

Leon Coetzer CEO said: "The unconditional sale of our non-platinum assets is an important milestone for the Company as we accelerate towards becoming a significant platinum producer.

Sold the open position on a T +16 at 4.3116p

went over the upper Bollinger Band and slow stochastic also at overbought

Ha been on this floor for a while now and moving up and down for a few days, looking at Indicators also at oversold, should soon be moving higher from this 3.15p, level 2 of 4 v 1

Very exciting period ahead of us. There is much promise. Why?

Well we know Middleberg transferred according to plan. So this week should be an RNS that confirms the £5.3m will be transferred to the JLP bank.

Add to that. this week or next confirmation of the debt funded plan agreed with a major financial institution. Once this is confirmed JLP will nearly have as much money in the bank as their MCAP valuation!

Production starts no later than end of January on a multi million pound profitable production. This will see JLP move into substantial growth and profit.

Additionally, we are due news on the Tjate license. The company state everything is done and matters are concluding. If it is announced - well it is simply a gain changer in terms of valuation.

Additionally, news of another tailings find and project is likely, the company continue to hint at such matters.

Though - crucially in this short period we will have absolute confirmation of agreed funding, cash reserves, etc to move Tailings into production and profit.

Matters are going to get very exciting from now on and expectations of very substantial gains as the month progresses.

Looks like finally wants to move forward on a big way, has been holding at this recent lows for some time, and for the last couple days, some positive facts are on the air.

Yesterday's bid for AQP ( platinum )
Platinum prices on the rise
charting flooring at bottom lately

3.475p +0.25p

Lift off
here we go and we will have a good rise, cuz the MM is buying 100K from the only MM on the offer to lift the share higher
10:11:43
3.60p
100,000K

now 3.80p +0.575 (+17.83%)
that's the way
edit - bid up as posting to 3.75p so middle 3.825p

3.95p +0.725 (+22.48%)

top performer with 24M volume

4.025p + 0.075p
JLP has assets of Nickel in Australia ................

Nickel to rise above $20,000/tonne by 2017 –
Alto Capital ---- A longer-term perspective supports price appreciation. - 8 October 2015 09:01

A bullish outlook that will see nickel climb out of its current price slump and double in value to in excess of US$20,000 a tonne before March 2017, has been forecast today by market observer, Alto Capital.

Addressing the Paydirt 2015 Australian Nickel Conference in Perth today, Alto Capital research analyst, Mr Carey Smith, said that while the sector was under substantial cost and price pain, nonetheless the trend factors and outlook were far more substantial than they appeared.
“The nickel market has been dismal due to a recipe of stockpiles are up, production is up and demand is down,” Mr Smith said.

“However, going forward, stockpiled Indonesian high grade laterite nickel in China has all been consumed, China Nickel Pig Iron (NPI) production is in decline, global nickel supply is decreasing with only Independence Group’s Nova Bollinger project on the horizon and most producers/miners are losing money – so they will minimise their operations and/or get out of the game,” he said.
“This favours a return to the unrealised 2014 predictions of prices circa plus US$20,000 a tonne.”
Mr Smith said the current downturn was one of the longest in the nickel sector, totalling around 53 months with a decrease in price over that time of greater than 65%.
While the sector’s consensus 12 months ago was +US$20,000, the current price was more around US$10,000.
“On a performance review, all base metals have been in a downward trend, but have stayed mostly above GFC trough levels – except nickel,” Mr Smith said.
“London Metal Exchange (LME) stockpile estimates have pushed out to approximately 450,000 tonnes or about 85 days consumption,” he said.
“Economic uncertainty surrounding the direction of interest rates and global growth and Chinese equity, debt and economic concerns, are all weighing on the sector.

The Alto Capital analyst also pointed to China’s flat stainless steel production (a big consumer of nickel) of the past three quarters with no visible catalysts to suggest production will increase significantly from current levels........
base-metals-and-minerals/nickel-to-rise-above-20000tonne-by-2017
---------------------
from the iii

Platinum price is at the bottom at the moment, however, this price will not stay at the bottom for long.many are expecting the price will recover and hence there are several platinum junior minors sitting on huge assets and yet being cheaply valued. AQP is one example, where Sibanye sees this as a bargain and worth buying (and no burden of debt, unlike LMI).

so, this should crush those punters who were falsely saying nobody will be interested to buy platinum miner due to low profitability as platinum price too low. in fact, several major players who are deep pocket will be acquiring smaller companies (like AQP, JLP) while they remain cheap.

another to watch is JLP, where JLP has massive platinum assets worth around NPV $4bn and yet their mcap only 28m. perhaps all eyes are waiting for the mining licence before they put their offer.

Is on the march again at one time PEEL went to 4.15p bid went the others were at 4p for 5 minutes and then 12K sell and down again ( MMs size is 100K ).

funny games being played

From ... " Multibagger1 "

The proceeds from the Disposal together with debt funding being concluded with a major institution and, for which credit committee approval has already been secured, will be used for the simultaneous execution of our two platinum surface projects.

Jubilee is now set to becoming a fully operational platinum producer in 2016 on the back of two robust surface platinum projects offering significant earnings potential to the Company.

The Company continues on its mission to seek further low cost platinum opportunities.'"

The Platinum Surface Projects target processing 80,000 tons per month of platinum-containing surface material and delivering an estimated production of 42,000 ounces of PGMs in concentrate per annum.'

So:-
1) money in bank
2) debt funded plan agreed
3) able to fund tailings project
4) producing 42,000 ounces per annum
5) fast tracking this into production which means profit

You do the maths..... Low cost production, price of platinum & 42,000 per annum for a project with over a decade's worth of production. Serious profit every year from now on. The PE per Share is currently ludicrously low when considering the company market valuation. That will change, it has to and it is only going one way.

Add to that another clear hint of further tailings projects coming on line.

This as they say is a no brainer - very strong buy. Those that sold on news IMO just represent lazy trading. Serious upside from here and confirmation of the major funding agreement will surely arrive very early next week.

Transformational for sure! The SP will in time reflect the very considerable progress made.

the RNS was late on Friday

Looking ahead tomorrow and more

1- Investors will start taking serious position in JLP in expecting the bank funding RNS.
2- Tjate License is due to be sign, and will be of better value when we have a partner on board also.
3= Platinum was up more than 2% on Friday but SP slightly down.

Breaking 4p, the marked down at the start of the day as the general market was over 40 points lower has encouraged new buyers, and now needs just to carry on with the same pattern.

This really is one of the best AIM investments over the short, medium and long term at the current SP.

The near term cash flow from production is a great thing that puts JLP miles ahead of many other aim miner/ explorer
JLP has massive platinum assets worth around NPV $4bn and yet their mcap only £28m.

Good luck here mentor but 'AIM' and 'INVESTMENT' are def two words that don't go together. 'AIM' and 'TRADE' probably do.

cp1

took my profits @ 4.20p

waiting for a good retrace now, will wait till this happen, though the price of Platinum is moving higher of the $1000 now $1010

Post copied from iii...

Platinum has risen 13% in the last 2 wks, up $120. It now sits at $1013 an oz. Bar the financial crisis in 2008 that's a bounce off a 10 yr low. As blue chip platinum producers struggle, close mines and make staff redundant, world platinum production is already being affected.
JLP will be producing surface tailings platinum in approx. 3-6 months at a net cost estimated to be around $400-$500 an oz. According to recent rns they will be "delivering an estimated production of 42,000 ounces of PGMs in concentrate per annum."
That's a profit of around $21m - $25m per annum. The current company valuation is only £34m, which is 2x what estimated revenues will be. Blue chip producers are generally valued between 15 and 20 times earnings. Clearly then there is a very long way to go for the share price here in the next few months. 15x earnings for instance would be a MCAP of £242m, or 27.5p. All very possible, and probable, in the coming months.

Public comments from the CEO state a 3rd tailings project is being negotiated, increasing the chances of even further gains. Interesting times ahead.

WATCH the STOCK
3.45p - 0.15p

Ready to push forward from here
A good marked down lately and yet today with not much volume, The Level 2 has gone very good just now 4 v 1. The retracement should be close to done by now

Things are going to plan and the buyers are slowly picking up stock at those low prices

That is it, after a buyer was paying almost full offer price the bid went higher and the bounce is on

A very large spread but she is again up for the day

as the Intraday chart over here is not working properly I had to place one from another across the road