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

Very positive note hyleo98. The reasoning for a 294 target seems sound so let's hope time takes us there!

Three Attractive Scenarios For The Future

Jubilee Platinums chief executive Colin Bird is in an upbeat mood. The price of platinum is rising, and so is Jubilees share price. And the reasons arent hard to find. Theres stacks of corporate activity on the Bushveld, says Mr Bird, theres the Chinese looking for positions, the Japanese are looking for positions Whats more, the fundamentals for platinum are strong, and theres been plenty of M&A activity in the space in the past six months.

http://www.minesite.com/nc/minews/singlenews/article/jubilee-platinum-has-three-attractive-scenarios-for-the-future/41.html

July 04, 2007

Jubilee Platinum Has Three Attractive Scenarios For The Future - By Jack Hammer

Jubilee Platinums chief executive Colin Bird is in an upbeat mood. The price of platinum is rising, and so is Jubilees share price. And the reasons arent hard to find. Theres stacks of corporate activity on the Bushveld, says Mr Bird, theres the Chinese looking for positions, the Japanese are looking for positions Whats more, the fundamentals for platinum are strong, and theres been plenty of M&A activity in the space in the past six months. And recently Jubilees listing on the Johannesburg stock exchange in addition to AIM has added some real momentum too. The South African government has eased restrictions lately on where South African money can go, to the point where its just about worth Londons African-focused smaller companies re-considering listing there. The boys at African Eagle are currently mulling it over, influenced in no small part by Jubilees experience.

In some ways its easier in the platinum space. There are nineteen juniors in platinum, according to Colin Birds calculations, and two and a half thousand gold companies. That cap on platinum junior numbers explains in part why Mr Bird can talk of frantic activity around all of us juniors while scores of gold companies remain out in the cold all over the world. It also means that Jubilees valuation, although punchy by London standards, lags new peers like Eland and Wesizwe on the Johannesburg exchange. Hence continuing upward pressure on the share price, and the occasional opportunity for arbitrage.

The South African listing has also added decent volumes to an already popular share. Mr Bird talks of a recent day on which Jubilees shares traded gangbusters, and adds, theres orders out there, theyre lining up to buy. That sort of talk is music to the ears of any London-traded small mining company, and may perhaps herald a general move southwards over the next year or so.

Of course you need the projects to back it up. Having started out with a plethora of assets Jubileee now has two key projects on the go - the Tjate development property on South Africas Bushveld, and huge swathes of platinum and nickel exploration ground in Madagascar, where the company currently has three drill rigs turning. A scoping study recently demonstrated the viability of Tjate as a stand-alone project, based on a basket price of US$893/oz for the four elements - platinum, palladium , gold and rhodium - while Madagascar is very much elephant country for the company. With over 4million in the bank, and most of the work on Madagascar funded by joint venture partners, Mr Bird can afford to take time to consider his options. As he sees it there are now three obvious scenarios for the future: Carry on. Consolidate in the junior sector. Get taken out by a big buyer.

All three look attractive, but Mr Bird wont be rushed. Times are exciting, he says, but also nail-biting as he tries to manoeuvre to get the best deal for shareholders. Just because were in a flurry of takeovers, theres no need to sell your assets. Were sorely tempted to go it alone, or with a very strong partner. Going it alone would be eminently feasible, according to independent consultant Snowden. Snowden showed that for a US$400million capex Tjate would demonstrate an internal rate of return of over 22 per cent, producing 262,000 ounces of platinum over an 18 year mine life. That, says Mr Bird, underpins the company, and makes for a very attractive mine. He adds that its also nice because having a strong project in Tjate means theres not much market pressure on Jubilee to deliver on Madagascar at the moment.

Everyones watching with interest. However, if Jubilee did do a deal with a major on Tjate, the chances are that the Madagascar properties would be separated out. And if that happened, which way would Colin Bird jump? Well, he says, I spent the formative part of my life at the mine management level. Ive now got an appetite to discover a huge orebody. The time to choose has not yet come, however, and its still possible Mr Bird may end up with both jobs on his hands.

Been holding these shares for nearly 2 years now and bought in at .47 pence so have done really well and I have also taken profits a couple of times.
I like Colin Bird, and seem to remember that he is CEO, of another company listed on AIM. I thought it was Pan Andean resources. Can anyone shed light on which other company he is CEO of?

6775 for August please.

Almost right john.

Colin Bird is non-exec chairman of Pan African Resources (PAF).

Platinum rose on news of strike call at Angloplat in South Africa, the World's largest producer, in a row over pay.

Jubilee Platinum said it has received 'pleasing results' from its borehole ANT009, drilled on the Antsahabe prospect in the northern area of the Londokomanana property in Madagascar. The company said it intersected a wide zone of nickel and copper sulphide mineralisation at 30 metres depth from surface.

The Londokomanana project is a joint venture with TransAsia Minerals Ltd, which has the right to earn into 51 pct of the project for 7 mln usd.

Strange that JLP is suffering so much in light of strong platinum price and good news release re Madagascar and starting of bankable feasibility study on Tjate, etc. Very good potential here, regularly updated and increased targets over 200p from Tom Winnifrith, etc but still it slides ! Surely this will bounce back up significantly in the near future, unless there is something majorly wrong in the background, but if bad news was leaking I would expect it to crash more than slide ?! Any ideas or news rumours anyone ........?

extract from RNS of 13/12 tells most of the story ..... The grades are not quite economic, with deposits in the Bushveld more commonly 1 metre and 5 g/t+ 4E,' said Brock Salier, an analyst at Ambrian Capital.

there is the prob that this has very low cap, and the majority of that is likley to be tightly held .... it follows, that a very small amount of trading may easily move sp disproportionately

Cynic would you categorise JLP as a "blue sky company" or a "pig in a poke"?

no idea ... it's not a share i have ever looked at before

A good rise of 11% today following weeks of declines. A dead cat bounce or the start of a recovery?

Queen I dont think this is a dead cat bounce, especially when there were over 500k buy versus 23k sells. I have been watching this for past week waited for the confirmation of turning into bull run. Looks likes its defo turned today, so I'm in.

Queens did you know there was a company presentations issued

http://www.jubileeplatinum.com/releases/jubilee_presentation_feb08.pdf

Probably explained the interest recently

No I didn't but thanks for the pointer R88AVE. And welcome to JLP!

Nice steady rise I see, has it broken the downward trend then do you think Queen?

Certainly another positive day so far R88AVE. The first hurdle will be to breach, and stay above, 85p. The next required breach will be about 97p. After that I don't see any reasons for the SP slowing until the 125p level, last seen in June last year.

Its up 13% in South Africa stock market today. Does UK sp usually follow day trend in other stock market?
The sp is hugely different with exchange rate consideration. Why is it that? I thought normally sp would follow similar prices.

To be honest I'm not sure but 13% is again very encouraging.