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Jubilee Platinum (JLP)     

Sooner44 - 15 Apr 2005 08:31

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

hangon - 22 Mar 2016 15:25 - 751 of 798

Well, as I see it, there has been dilution and I'm none too keen on deals with financial Co. - although I read the loan-element is "Unsecured" (DYOR.), which "should" mean we don't find ANOther taking our assets when no-one is looking.

What I find difficult to understand is why do this at a time when "mining" is at a "low" - the Market for precious metals is not good - so whilst it can be said it's a good time to go Prospecting ( since equipment is available cheaply ), the return on processed ore is unlikely to be hugely profitable.

Of course Directors don't like to "Do nothing" and often don't see the long-term lull in metal demand being anything but short-term . . . . time will tell, but I suspect we may be waiting a while for the Metal Market to recover, depending upon China mostly.
However, sometimes doing nothing is good - keep the business ticking over, conserve cash etc.....

Is JLP on the brink of mega-riches . . . to push the sp over 20p would be nice..... but that nearly a 10-bagger . . . and I don't see that as a result of selling metal, however precious . . . . the big-Boys control the market and they can't find enough Buyers . . . so the price flags.

What do others think?

banjomick - 22 Mar 2016 16:45 - 752 of 798

pt0365nyb.gif


http://www.kitco.com/charts/liveplatinum.html

banjomick - 22 Mar 2016 18:10 - 753 of 798

16:14 Onzima Ventures PLC (ONZ)
22 March 2016
Onzima Ventures PLC

Investment

The Company announces that it has participated in the placing of new ordinary shares by Jubilee Platinum plc ("Jubilee") as announced today as part of a total fundraise of £2.5 million gross.

Jubilee has also today announced the successful completion of debt project funding for the execution and commissioning of both of its two surface platinum processing projects at Dilokong and Hernic in South Africa. The debt funding comprises a combination of senior secured debt to a maximum of USD 10 million (ZAR 153 million) and unsecured debt to a maximum of USD 5 million (ZAR 76.5 million). The total funding allows Jubilee to execute simultaneously its two projects targeting the processing of 80,000 tonnes per month of surface material, while still being able to pursue the acquisition or securing of further surface or shallow platinum bearing opportunities.

Onzima subscribed for 4.7million shares at 2.8p per share for a total sum of approximately £132,000.

Luke Cairns, Director of Onzima, stated: "We are pleased to have taken part in this fundraising at what we consider is an attractive price. Jubilee is at a transformational stage as it looks to move into production at both of its new platinum tailings operations, while its Tjate mine project progresses in the background. Jubilee expects both Dilokong and Hernic to be producing this year thus we anticipate plenty of positive newsflow in the short term."

http://www.moneyam.com/action/news/showArticle?id=5252334

banjomick - 31 Mar 2016 09:15 - 754 of 798

*****Click link at BOP for full details*****

31 March 2016
Jubilee Platinum Plc
("Jubilee" or "the Company")

UNAUDITED INTERIM RESULTS
FOR THE SIX MONTHS ENDED 31 DECEMBER 2015


The Directors of AIM-quoted and AltX-listed Jubilee, the Mine-to-Metals company, are pleased to announce the unaudited interim results of the Group for the six months ended 31 December 2015.

The interim results of the Group reflect Jubilee's firm focus on the execution of its surface platinum processing projects as it accelerates into a position where it will become a significant producer of platinum group metals. The recently reported corporate transactions and platinum processing agreements are transformational and position Jubilee as a potentially significant player in the platinum arena. Jubilee's mission is strengthened and supported by numerous opportunities for the rapid growth of the Jubilee Mine-to-Metals ambitions.

HIGHLIGHTS


During the period under review

· 30 September 2015, Jubilee completes the disposal of 100% of the issued shares in Jubilee Smelting and Refining Proprietary Limited ("JSR"), and 70% of the issued shares in Power Alt Proprietary Limited ("PA") to Siyanda Resources Proprietary Limited ("Siyanda") ("Disposal") for a consideration of, in aggregate, ZAR 110.5 million (approximately GBP 5.3 million)


· 85% of the Disposal consideration received in cash 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
· Loss per share from continued operations for the period reduced by 62% to a loss of 0.05 (2014: loss of 0.14) pence per share (ZAR 1.11 (2014: ZAR 2.51) cents per share)
· Loss per share from discontinued operations for the period up to 30 September 2015 ("Closing Date") reduced by 20% to a loss of 0.05 (2014: loss of 0.06) pence per share (ZAR 1.01 (2014: ZAR 1.12) cents per share)

Post the period under review

· Both surface processing projects fully funded
· Secured debt funding of up to USD 10 million (ZAR 155.4 million), unsecured debt funding of up to USD 5 million (ZAR 77.7 million) and equity funding of GBP 2.5 million (ZAR 55.4 million) secured for Jubilee's two platinum surface processing projects. ("Two Projects")
· First surface processing project commissioned and fully operational with a processing capacity of 25 000 tonnes per month
· Second surface processing project under construction targeting commissioning end 2016 with a processing capacity of 55 000 tonnes per month


Chief Executive Leon Coetzer commented:

"Jubilee has experienced a transformational period over the past 6 months which has continued through the current period. This has been brought about through the sale of its ferrous metals smelting operation and the acquisition of two platinum surface processing projects targeting an annualised production capacity in excess of 900 000 tonnes per annum.
"Jubilee has brought the first of its surface processing projects on-line with the second project well advanced targeting commissioning at the end of 2016. Jubilee was further successful in securing project funding for the execution and commissioning of both of its platinum surface projects through a combination of debt and equity funding. The equity component of the funding was minimised to balance the requirements of the lender while minimising the dilution of our shareholders."

http://www.moneyam.com/action/news/showArticle?id=5267324

banjomick - 01 Apr 2016 09:35 - 755 of 798

Jubilee Platinum (LON:JLP, 3.08p) – Speculative Buy
08:39 01 Apr 2016

Yesterday Jubilee published its 1H 2016 results to December, an important 6 months in Jubilee’s history that saw it transform from a smelter business to a platinum tailings processing company. On 30th September Jubilee completed the sale of its smelting company for which it has thus far received 85% of the R110.5m cash consideration – Jubilee’s 1H 2016 cash flow statement shows cash inflow from disposal of £4.1m. At the end of the period Jubilee had £6.7m, an important reserve which will go towards funding the two platinum tailings operations.

Our view: In CY 2016, Jubilee’s management team can focus on delivering its two tailings operations. The First Project, also known as either Dilokong or ASA (ASA Metals is the ferrochrome company that produced the tailings) is in production and currently ramping up. The Second Project or Hernic is expected to be in production by the end of CY 2016. Funding is in place (announced last week) with up to $15m in debt and £2.5m of new equity. Management notes that this funding allows Jubilee to execute the two projects “while still being able to pursue the acquisition or securing further surface or shallow platinum bearing opportunities” i.e Jubilee is well funded with enough money to build the tailings plants plus make further strategic investments in the platinum space. Dilokong’s ramp-up and production numbers should provide newsflow over the coming months, as should progress at Hernic. We retain our speculative Buy recommendation.

Beaufort Securities acts as corporate broker to Jubilee Platinum plc

http://www.proactiveinvestors.co.uk/columns/beaufort-securities/24635/beaufort-securities-breakfast-alert-ferrum-crescent-jubilee-platinum-savannah-resources-mariana-resources-and-sierra-rutile-24635.html

banjomick - 05 Apr 2016 12:35 - 756 of 798

Shard Capital updates Jubilee Platinum note now that production commences
5th April 2016

After a decade of steady working, JLP is now a mineral producer. This is no mean feat in the best of times. With a company-projected US$14m pa profit margin, we don’t expect further calls on shareholders during this phase of operations. Organic growth is certainly possible. The company has built its first mineral production capacity and now has finance for a second, larger facility. Chrome concentrate is already flowing and concentrate containing Platinum Group Metals (PGMs) is expected from the second facility in Q4 2016.

Please click the link below to download the full update note.

https://www.shardcapitalstockbrokers.com/downloads/ShardCapitalJubileeUpdateMarch2016.pdf

banjomick - 08 Apr 2016 07:55 - 757 of 798

Jubilee Platinum PLC
("Jubilee" or the "Company")
08 April 2016

Notice of General Meeting

The Company announces that a General Meeting ("GM") has been convened on Friday 29 April 2016 at the office of Fladgate LLP, Ninth floor, 16 Great Queen Street, London, WC2B 5DG at 11:00 in order to request that shareholders approve the adoption of The Share Option Plan 2016. The Notice of General Meeting and Form of Proxy will be posted today to all shareholders and will also be available on the Company's website, www.jubileeplatinum.com.

Jubilee will be attending the UK Investor Show to be held on Saturday 30 April 2016 between 09:00-17:00 at the Queen Elizabeth II Centre, Westminster at stand number 23.

http://www.moneyam.com/action/news/showArticle?id=5285544

banjomick - 14 Apr 2016 11:03 - 758 of 798

UK Investor Show
Saturday 30 April 2016

Colin Bird Jubilee Platinum Chairman is one of the speakers at this event and the company are also exhibiting there.

https://www.ukinvestorshow.com/#noAction

banjomick - 19 Apr 2016 11:06 - 759 of 798

19 April 2016

Tailings Projects Update

The Company is pleased to announce that all matters relating to its chrome processing development and operations are progressing satisfactory and report increased throughput capacity together with operational control of the ASA project ("ASA").

Key Points of Progress

· Jubilee assumes operational control of all chrome processing capability at ASA

· Overall processing capability at ASA increases from 25,000 tpm to 75,000 tpm

· Increased processing capability provides increased scope for third party material importation

· Currently the Company is processing 55 tonnes feed per hour, which will increase over the coming weeks

· Operating margins per tonne will not be compromised and could potentially improve, based on only modest change, to the fixed cost component of the overall cost structure

· The Company's other tailings projects remain on target with all long lead time orders placed and initial construction progressing satisfactorily

· The Company will provide shareholders with an operating and financial report, following the first quarter of full production


Leon Coetzer, CEO said: "We are very pleased with progress on our tailings projects, particularly the increased chrome processing capability together with full operational control. This scenario will undoubtedly positively impact on all aspects of our chrome treatment business. We look forward to updating shareholders with real numbers as our operations progress."

http://www.moneyam.com/action/news/showArticle?id=5305460

banjomick - 19 Apr 2016 16:04 - 760 of 798

Jubilee Platinum PLC advances as it fully takes on ASA operations
12:18 19 Apr 2016

Shares in Jubilee Platinum PLC advanced as it took full operational control under its tailings deal with South African firm ASA and increased chrome processing there.

757z468_190903.jpg

Shares in Jubilee Platinum PLC (LON:JLP) advanced as it took full operational control under its tailings deal with South African firm ASA and increased chrome processing there.

The firm said overall processing capability at the Dilokong chrome mine had increased to 75,000 tpm (tonnes per month) from 25,000 tpm.

Currently, the company is processing 55 tonnes of feed per hour, which will increase over the coming weeks, it added.

Jubilee has rights to the tailings from two chromite mines in South Africa and when both process plants are running expects to be processing 80,000 tonnes of ore each month to recover 33,000 ounces of platinum group metals per year.

And the firm said today its other tailings projects remained on target with all long lead time orders placed and initial construction was progressing satisfactorily.

Leon Coetzer, chief executive, told investors: "We are very pleased with progress on our tailings projects, particularly the increased chrome processing capability together with full operational control.

"This scenario will undoubtedly positively impact on all aspects of our chrome treatment business.

"We look forward to updating shareholders with real numbers as our operations progress."

The firm also noted that the increased capability potentially provided increased scope for the group to take on third party material to process.

Shares in Jubilee gained 5.31% to stand at 2.975p a pop.

Giles Gwinnett

69060_163846843643689_7687549_n.jpg?oh=f

mentor - 19 Apr 2016 16:41 - 761 of 798

Platinum going places $1011.9 + $35.9

p.php?pid=staticchart&s=NYM%5EPL%5CN16&w

HARRYCAT - 20 Apr 2016 08:12 - 762 of 798

Chart.aspx?Provider=EODIntra&Code=JLP&Si

banjomick - 25 Apr 2016 10:30 - 763 of 798

Proactive Investors One2One Investor Forum - London

Central Asia Metals | Berkeley Energia | Ariana Resources | Highlands Natural Resources | Jubilee Platinum

When & where: Apr 28th 2016, 6.00 pm - Chesterfield Mayfair Hotel, 35 Charles Street, Mayfair

The presentations will start at 6:00pm and finish at approx 8:00pm. After the presentations are complete the directors will also be available to take questions during a free canapé and wine reception. Details on the presenting companies can be found below.

http://www.proactiveinvestors.co.uk/register/event_details/57

banjomick - 28 Apr 2016 13:01 - 764 of 798

Tailings Projects further update

28 April 2016

The Company is pleased to announce the achievement of key milestones at its chrome processing operation at the Dilokong Chrome Mine (“ASA project”). As previously announced Jubilee has secured access to an additional 50 000 tonnes per month (“tpm”) processing capability at the ASA project, thereby increasing its overall processing potential at ASA to 75 000 tpm. The additional processing capacity provides scope for importation of third party material, which should enhance overall financial results.

Highlights


•The ASA project exceeds design process throughput of chrome tailings
•The ASA project is currently processing feed at 60 tonnes per hour (“tph”), which significantly exceeds design capacity of 44 tph
•Chrome saleable concentrate in excess of 1 000 tonnes is ready for shipment
•Shareholders will be provided with operating and financial reports, following the first quarter of production

Leon Coetzer, CEO said: “I am very pleased with the commissioning and ramp up of our ASA tailings project. The increased throughput reflects the experience and training of our project and operational team and I look forward to even more increases. I appreciate that shareholders are eager to receive news on impact on financial performance and expect to give full details after our first quarter of full production.”

http://www.jubileeplatinum.com/investors-and-media/announcements/2016/28-apr-2016.php

banjomick - 28 Apr 2016 16:32 - 765 of 798

Jubilee Platinum happy with tailings project progress
14:11 28 Apr 2016

The ASA project is currently processing feed at 60 tonnes per hour

757z468_58441_57220cc1c0533.jpg

Jubilee Platinum’s (LON:JLP) ramp up of tailings processing at ASA’s Dilokong mine in South Africa is running ahead of schedule.

The ASA project is currently processing feed at 60 tonnes per hour, compared to design capacity of 44 tph, Jubilee said.

Saleable concentrate in excess of 1,000 tonnes is ready for shipment, it added.

Jubilee has rights to the tailings from two chromite mines in South Africa and expects to recover 33,000 ounces of platinum group metals per year.when both are fully operational.

Leon Coetzer, chief executive, said he was pleased with how the ASA project was progressing.

“The increased throughput reflects the experience and training of our project and operational team and I look forward to even more increases.”

Philip Whiterow

69060_163846843643689_7687549_n.jpg?oh=f

banjomick - 29 Apr 2016 12:38 - 766 of 798

29 April 2016

Results of General Meeting


Jubilee's General Meeting was held at 11 a.m. today, Friday, 29 April 2016.

The ordinary resolution proposed at the meeting was passed.

http://www.moneyam.com/action/news/showArticle?id=5332146

banjomick - 29 Apr 2016 15:11 - 767 of 798

Presentation slides from last nights event

http://www.proactiveinvestors.co.uk/upload/SponsorFile/File/2016_04/Jubilee-Platinum-presentation-.pdf

banjomick - 30 Apr 2016 11:01 - 768 of 798

Link to the twitter feed for today's UK Investor Show

https://twitter.com/UKInvestorShow?ref_src=twsrc%5Etfw

banjomick - 04 May 2016 16:28 - 769 of 798

6 Month Chart

Chart.aspx?Provider=EODIntra&Code=JLP&Si2 Year Chart

Chart.aspx?Provider=EODIntra&Code=JLP&Si

banjomick - 05 May 2016 13:49 - 770 of 798

A bit of a recap, this interview was from December 2015:

https://www.youtube.com/watch?v=8lbVE7FtMQs
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