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

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

note (trades)
there was 3.13M buys for 2.67M sells but the JLP was down for the day ( after fixing the Buy delayed )

Share price not only today had a full 78.6% retracement from the intraday high of 4.225p but ........

....after Closing at 3.50p -0.025p after reaching an intraday low of 3.275p
Today's close on the chart is showing a "HAMMER" candlestick

DEFINITION of 'Hammer'
A price pattern in candlestick charting that occurs when a security trades significantly lower than its opening, but rallies later in the day to close either above or close to its opening price.

BREAKING DOWN 'Hammer'
A hammer occurs after a security has been declining, possibly suggesting the market is attempting to determine a bottom.
The signal does not mean bullish investors have taken full control of a security, it simply indicates that the bulls are strengthening.

A good start of the day is pretty important after the few days of mark down, now some patience needed and let the " bullish investors have full control "

JSE https://www.google.co.uk/finance?cid=1107775124665644

platinum almost reaching $1000 but $998

3.63 +0.21 (+5.99%)

good bounce today after holding for a couple days around the bottom lately

Posted somewhere else ...................
Aberdeenman *** News Soon
Looks like it is all coming together, got a reply from colin, posted below.

Dear Aberdeenman (Changed by me),

Thank you for your email. We are communicating as the regulations require. Regulators are becoming more sensitive to webcast, twitter and various social media channels which are outside the formal system.

We like webcast but again the regulators do not like webcasts before news announcements. So again we have to be careful. There is much work in progress and closing the smelter deal was a major responsibility for the executive team. A responsibility they perform well. That's behind us it is all about building plants which requires design, procurement, contract management awards and so on and so on.

We are not the sort of company who would announce that we have bought some pipes or ordered a transformer. That sort of daily info is soon dismissed by the market as cheap and desperate. Frankly that’s what it is. Real companies passed through mile stones which are secure and credible i.e. we want to build the share price and not be subject to the massive volatility we are now suffering.

It is almost impossible for us to respond to the short term needs for information in a mining engineering business which involves serious numbers and many inputs.

If you take time to pause and look back you will see a chain of progress which might have been slower than you wished but is real and tangible.

Rest assured that the board is doing its utmost to progress the company which by default will give you the news that you require.

Thank you for investing in our company and have a very pleasant weekend.

Kind regards,
Colin Bird
-----------------------------
Response from company

Just to say after a week of silence like Aberdeenman I received a reply to my email. The main snippet as follows:

'We have an obligation to advise you when there is a material change and this the Board will do. By definition nothing has changed and it is reasonable to draw the conclusion that we remain on track.

Mining is a long term business and we cannot come up with weekly announcements. Building a significant market cap is not about feeding frenzy but more solid long term grinding away to gain position and therefore increase cash flow.

I know Tjate is at the front of most shareholders mind and it is very important to us too. However the greatest importance to us is those matters we control i.e. all of those things you articulated.

We are on the government’s timetable. They are not on ours. I know there is concern about no recent webcast. The regulators are showing much angst to companies that pre-empt news releases with webcast. The complaint being that a small section gets more detailed information and possible incorrect information since directors are responding to Q&A in a live situation. A news release on the other hand is passed on to Nomads, brokers and is very well considered legally before release. I do hope you will bear with us since you are a long term shareholder and must, as such understand that patience sometimes is a virtue. '

3.75p +0.25p

on the way up for the last 3 days now

Company valuation -
Multibagger1 - Today 06:24

I've seen some debate about what the SP may be by Xmas. So Here goes with my assessment on what JLP MCAP valuation should be with confirmation of the Tjate license and expectation of production proceeding as planned with the Tailings projects. My view we should be valued at least 150m. Why? Well...

By disposing the none core side of Middelburg, we have retained power at cost and access to our smelter to start actual Platinum smelting. Our core business target and a far more profitable business. With the cash (recent placing, Middleberg sale, warrants and once debt funded plan in announced ) we can fund the first processing plant for the Dilokong tailings. We will be producing Platinum and PGE at the start of 2016.

Furthermore, we have confirmed we have 'no debt' and with cash in the bank, we have been able to negotiate and agree funding for the second surface tailing project at the Hernic/Mitsubishi site. Two above ground tailings projects on the go in the coming months with reported revenues starting at $14m per annum and further surface tailings projects expected to come on line. **not to mention the 25% premium payment if production commences by no later than 31st January**. Additionally this does not factor in a highly likely 3rd Tailings project which the BoD have hinted at and have confirmed negotiation - confirmation of this would represent huge gain.

Then we have the Tjate mining licence expected we have a complete game changer within our grasp. PGE's in South Africa used to have an average in the ground price at over $25 per ounce. Tjate was once valued at $7 per ounce according to CB, without a licence. So when the mining licence is finally issued we can expect a strong rerate as the in ground metal adds value. 70,000,000 ounces to be priced in. Even at a conservative $2-$3 an ounce that's a MCAP of £95m to £135m on Tjate resources alone. Then there's the current tailings projects with over 400,000 ounces which will reap $500-$600 profit per ounce or a revenue of $14m per annum at the start. This should add a minimum £100m to the MCAP at a p/e of just 10.

I could add on the value of current assets like the retained smelter at Miiddelburg, the rights to any future Power Alt expansion, other agreements or the cash in hand.

So hopefully you will see a conservative £150m MCAP which equates to an SP of 16-17p. This is very achievable quickly and should re rate as the news flow comes in; expect the following:-

1) debt funded plan.
2) 3rd tailings project.
3) operational updates and confirmation of production.
4) Tjate license confirmation.

Very strong buy indeed.

Jubilee begins construction of surface processing plant

Jubilee Platinum (JLP) has announced that it has commenced with construction of the first surface processing plant (Platinum Processing Project).

As previously announced, the Company is incentivised to accelerate the execution of the Platinum Processing Project by early commissioning of the front end of the new processing facility, which includes the classification and chrome beneficiation section (Initial Processing Step), by 31 January 2016.

Leon Coetzer said:

"The Company successfully ran an extensive production scale beneficiation trial of approximately 4000 tons of the platinum containing surface material which confirmed the design basis of the targeted Platinum Processing Project. On the back of this successful trial, the Company concluded to place firm orders for the manufacturing and delivery of the processing equipment.

"The Company is excited to take this next step towards delivering two operational platinum surface processing projects within the near term. Targeting commencement of commissioning of the Initial Processing Step of the overall Platinum Processing Project as early as January 2016. The Platinum Processing Project targets processing 30 000 tonnes per month of platinum-containing surface material.

"The Company's two platinum surface processing projects target a combined processing of 80,000 tonnes per month of tailings with an estimated production of 42 000 ounces PGMs per year in concentrate."

Production plans advancing

So today's news confirmed substantial progression of the plan to move into full scale platinum production by no later than 31st January 2016. Key issues:-

* Production fast-tracked 5 months early.
* Set-up production costs £3.1 million cheaper than originally believed.
* Successful production trial already conducted and all logistical requirements now ordered to meet January production deadline.
* 25% premium payment for production if deadline of 31/1 achieved.

The MCAP valuation bears no resemblance to the advancing progress of Jubilee. In time, this will change. Today's news demonstrates delivery is on track and the company is set for a financial transformation as the profit comes rolling in - that in turn will also provide the gain the investors want and need.