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

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.

£3.1 million saving production set-up

The BoD have previously suggested the production set-up costs for the Tailings Projects would be £8 million. Today they advised instead they had secured it at a cost of just £4.9 million.

See below the relevant content from today's RNS:-

'The total projected capital for the completion of the Platinum Processing Project is estimated at GBP 4.9 million (ZAR 105 million) of which GBP 1.1 million (ZAR 23.6 million) has been committed towards the construction and commissioning of the Initial Processing Step.'

So a very significant saving . Very positive indeed.

Jubilee Reports Results After Restructuring Its Platinum Portfolio

Wed, 11th Nov 2015 11:28
LONDON (Alliance News) - Jubilee Platinum PLC Wednesday reported its results for the last financial year, which was a period of transition for the company as it restructured its portfolio to focus on being a platinum producer.

The miner's main focus was on the Middelburg operations in South Africa, which comprised of a smelting operation and a power plant. Those operations generated almost all of the company's revenue and earnings but the company sold them after the financial year ended so it could focus on becoming a platinum producer.

Jubilee therefore separated its financial accounts for the year ended June 30 into current continuing operations and the Middelburg operations.

From current continuing operations, the platinum miner reported a GBP2.9 million pretax loss in the year ended June 30, narrowing from the GBP3.6 million loss a year as it cut its operating expenses to GBP2.8 million from GBP3.5 million. In absence of the Middelburg operations, the company generated very little in revenue in the year.

The Middelburg operations generated GBP5.2 million in revenue in the same period, which was up from GBP4.0 million a year earlier, leading the gross profit to rise to GBP3.0 million from GBP1.7 million. That narrowed the net loss before tax to GBP452,002 in the year from the GBP1.9 million loss a year earlier.

Jubilee sold the Middelburg operations on the first day of October to Siyanda Resources Proprietary Ltd for a total of ZAR110.5 million, around GBP5.3 million.

Jubilee conducted an expansion and optimisation programme at Middelburg during the financial year, which led to that improved performance. The operations then began to draw interest from suitors, leading to the sale so Jubilee could focus on becoming a platinum producer.

Although it has sold its sole revenue-generating operation, it believes using the proceeds from the sale to develop its platinum projects will yield better results in the long term.

"The income from the disposal will largely be invested in the construction and commissioning of the platinum surface projects, which offer the potential of a multiple increase in income when compared to the income potential of the Middelburg operations," it said.

Following the sale, Jubilee is left with a development portfolio of projects.

Its immediate focus is on platinum surface projects, which it hopes can deliver near term production to get its revenue running in the absence of the Middelburg operations. The main benefit of these types of projects is that platinum group metals lie at surface, meaning it is easy, quick and cheap to process and produce compared to an underground operations.

"These highly sought-after platinum surface beneficiation projects, come with little of the associated risk or cost of mining since all the material is at surface and their mineral content can easily be defined with a high degree of confidence. The company has been able to demonstrate its industry-leading processing ability in this field, which has assisted the company in securing the assets and allowing it to outpace its competitors," said the company.

Its first platinum surface project will be the wholly-owned Dilokong chrome mine surface tailings project in South Africa, which is thought to have around 950,000 tonnes of platinum/chrome containing material.

Jubilee gained access to the tailings at Dilokong in the year from the owner of the Dilokong mine, which will see Jubilee build a processing plant to process those tailings. That construction has already started and the company is hoping to commission the front end of the processing plant in the end of January 2016, with the chrome aspect of the plant being commissioned later in 2016.

Jubilee also has an agreement in place with the world's fourth largest ferrochrome producer Hernic, whereby Jubilee will build another plant to process Hernic's tailings in South Africa in a similar operation. The pair plans to sign a plant engineering and design agreement as well as a co-operation agreement which will lead to the construction of the plant.

In the long term Jubilee wants to develop its flagship Tjate platinum project in South Africa, where it is waiting to be formally awarded the mining right from authorities.

"In summary, the mining world remains complex and difficult for all concerned irrespective of their size and mission. As always this board refuses to be intimidated by matters outside their control and remain focused on building a significant platinum producing business," said Chairman Colin Bird.

3.625p +0.075p

Good summary of everything we knew but from the horses mouth.
Interesting point? - Leon said that we have the cash in the bank for the first project but that since they were bankable projects they would raise capital for the projects through finance with the bank or banks they have been talking to. Looks like they may be keeping cash back for further projects / overrun - which means that dilution should be a thing of the past once the finance is signed off.

Published on Nov 11, 2015
Leon Coetzer, chief executive of Jubilee Platinum (LON:JLP), says the firm’s platinum processing operations will avoid key risk areas and become profitable, even with platinum prices at historic low levels.
“None of our projects are true mining,” says Coetzer. “We’re focusing on the materials which have been mined.”
The link
Leon Coetzer, the firm’s platinum processing operations will avoid key risk areas and become profitable