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

a cappuccino is at best for breakfast, arguably any time before midday, and rarely for MEN!

by the way, how can italian coffee (espresso) be from austria, any more so than dear adolf and so many of his friends?

"how can italian coffee (espresso) be from austria"........... Lost in transit?...........
A bit of what you likewhen you like itdo you only have sex Sunday night cynic?

where is Vienna?

Vienna means nothing to me....it's that 80's song...you know...Ultravox I think !.

Or was it Rigsby's cat in Rising Damp ?.

This means nothing to me... Oh Vienna...

rf snap

So it is only Sunday night?

JOE DOLCEknows all about Viennahe looked at it from above for a good few weeks

What'sa matter you hey gotta no respect
Whatta you tink you do why you looka so sad
Itsa not so bad, Itsa nice-a place Ahh shaddupa you face

you'll be upsetting chessplayer in a minute!

And now the weather forecast....rain, rain, rain...now look what you've done...

Miaaooouuu !....I think you've stepped on the cat's tail Cynic....poor old Vienna..

ah well .... goodnight vienna then - lol!

RNS Number : 0743X
Jubilee Platinum PLC
07 August 2009




Jubilee Platinum PLC

AIM: JLP

JSE: JBL

Registration number: 4459850

ISIN GB0031852169







JUBILEE PLATINUM PLC




('Jubilee' or 'the Company')




13.25m placing for cash



1. The Placing




The Company is pleased to announce a placing of 44,166,666 new ordinary shares of 1 pence each in the Company (the 'Placing Shares') to raise approximately 13.25 million. The Placing Shares have been placed, subject to the conditions detailed in 2 below, with a number of institutional investors in London, including M&G Investments, by FinnCap, the Company's Nominated Adviser and broker, at 30 pence per share, being a 23% discount to the 30 day weighted average traded price of Jubilee's shares on AIM (the 'Placing Price') (the 'Placing'), in a well supported deal.



2. Conditions




The Company has entered into a placing agreement with FinnCap ('the Placing Agreement') and the Placing is conditional upon:



2.1 The proposed acquisition by the Company of the entire issued and to be issued share capital
of Braemore Resources plc ('the Braemore acquisition'), which was announced on 3 July
2009, having become or having been declared unconditional in all respects by 16 November
2009. A court hearing to approve the acquisition is expected to take place on or about 14
October 2009, the results of which will be published in due course;



2.2 The approval of the Placing, being a specific issue of shares for cash, by the requisite majority
of Jubilee's shareholders at a general meeting of the Company to be held on or about 30
September 2009;




2.3 Admission of the Placing Shares to trading on AIM, a market operated by the London Stock
Exchange ('Admission');



2.4 The Placing Agreement becoming unconditional in all respects (save for Admission).





3. Admission and listing




Upon fulfillment of the conditions set out in 2 above, application will be made to the London Stock Exchange and the JSE Limited ('JSE') for the allotment and issue of 44,166,666 new ordinary shares of 1p each to be listed on the JSE and admitted to trading on AIM on or about 16 November 2009. The shares were placed and will be issued to public shareholders who are not related parties. The new shares will rank pari passu in all respects with the existing ordinary shares of the Company.





4. Shareholder approval and financial effects




A circular to shareholders containing the full terms of the Braemore acquisition and the specific issue of shares for cash in terms of the Placing and convening a general meeting of Jubilee shareholders will be posted in due course. A further announcement containing the financial effects of the Placing will be published shortly.







Colin Bird, Chief Executive Officer of Jubilee, said 'I am delighted by the response shown by the London market. These funds will allow the Company to accelerate the integration and development of the enlarged Company's assets following the completion of the acquisition of Braemore Resources.'




Johannesburg

7 August 2009




For further information please contact:



Colin Bird Suzanne Johnson-Walsh

/Michael Kinirons

Jubilee Platinum plc Bishopsgate Communications Ltd

Tel +27 (0) 11 253 3280 Tel +44 (0) 20 7562 3350







Andrew Sarosi Brian Christie/Leonard Eiser

Jubilee Platinum plc Sasfin Capital

Tel +44 (0) 1752 221937 Tel +27 (0) 11 809 7500




Clive Carver/Rose Herbert

FinnCap

Tel +44 (0) 20 7600 1658

I think we now have a floor for this stock with the placing at 30p...now very well funded....as long as platinum does not drop : a rise should come in the Autumn !. (hopefully)...

one good thing to bear in mind ,is that the price of platinum was about $2,200 about 18 months ago .nearly double the current price .
So,any sign of economic recovery should prove to be very profitable.

JLP going to hit the ground running with BRR's conroast, all proceeds of the placing earmarked for that.
2517

sorry to disagree heard Colin Bird's recent discussion with TW and we are not convinced, CB has tried to postulate that taking over BRR is going to make a huge difference to JLP whereas the value of PGM's produced will perhaps only cover their overheads.Unless somebody decides to buy JLP they are going nowhere.

nor are "we"! ...... certainly got myself badly screwed by believing BRR hype at their agm a couple of years ago, and clearly the market is pretty underwhelmed with this new development too

Is on the move up since yesterday, and MMs have to be short of stock as the last trades have made them move prices UP.

at 33 / 34p now with a Level 2 of 1 v 1