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

64,444 shares isn't exactly a glowing endorsement, although I hold them and hope to do well long term.

Good luck

.

Jubilee is pleased to announce an operations update for the first quarter of 2013 as well as an update regarding the planned acquisition of Platinum Australia Limited ("Platinum Australia" or "PLA").

Financial Highlights
· Unaudited quarterly revenues and gross profits continue to grow;
· Unaudited revenue increased by 32% during Q1 2013 compared to the previous quarter - excluding electricity sale revenues to the Middelburg smelter operations;
· Unaudited gross profit increased by 47% during Q1 2013 compared to the previous quarter.

Operational Highlights
· Jubilee increased its interest in Power Alt (Pty) Ltd ("Power Alt") the owners of the Middelburg Smelting Refinery, to 70% in February 2013;
· Power Alt extended its existing private power sale contract with the national electricity public utility; and
· Ferroalloy smelters operated at approximately 72% of capacity during this period.

http://www.moneyam.com/action/news/showArticle?id=4599572

StockMarketWire.com
Jubilee Platinum has sold 65% of Jubilee Smelting and Refining and 40% of Power Alt (Pty) to Global Renewal Energy for $14m.

Jubilee has also been granted an irrevocable put option for two years to dispose of the remaining shareholding in JSR and PowerAlt for $4.933m.

Jubilee also issued an update on the on proposed acquisition of Platinum Australia.

Jubilee said the The timeline required to secure financing had been moved to coincide with the first court hearing for the proposed scheme of arrangement between the two companies targeted for 10 June.

Chief executive Leon Coetzer said: "Jubilee has been successful in bringing to value its shareholding in the non-core ferroalloy smelting business and associated power plant. This enables Jubilee to direct the proceeds from the Disposal of the non-core ferroalloy smelters into the continued development of the company's platinum mine-to-metals strategy.

"Our immediate focus is to expedite the recovery of platinum from the Dilokong chrome mine tailings while we target further such surface material opportunities. The proceeds from the Disposal enables Jubilee to further capitalise on platinum opportunities presented to the company due to current challenges within the platinum industry.

"We are able to dispose of our non-platinum business while retaining the processing right and platinum smelting capacity for platinum containing material at the Middelburg facility.

"Our platinum mine-to-metals strategy remains on course with the added benefit of an enhanced cash balance in Jubilee." Coetzer added: "The extension in the funding condition precedent allows Jubilee to review the updated business model for the PhokaThaba mine in-line with the proposed toll processing of 3rd party platinum-reef material, as announced on 23 May 2013, before committing to final funding terms."

UPDATE ON THE DISPOSAL OF NON-CORE ASSETS

Acquisition of PLA update


· Settlement value of ZAR3.5million (GBP224,500) reached between PhokaThaba, PLA and JIC payable to JIC within 14 days from settlement date
· The Liquidation Application has been set aside
· The Regulated Event has been remedied
· The first court hearing for the approval of scheme of arrangement for the acquisition of PLA is confirmed for 20 June 2013

should keep colin happy with a few more g & t's!

Market doesn't like this, 5p is close to all-time lows, maybe due to Issue of yet more shares . . . . WHY? If they are expecting cash. Also I'm not convinced sell off assets is a good idea . . . . one wonders why they bought them in the first place?
Ho-Hum.

Dead duck imo , quack quack !

StockMarketWire.com
Jubilee Platinum is reviewing its options over the sale of its smelting and power arms after Global Renewal Energy failed to make the second payment due at the end of July.

GRE agreed in May to acquire Jubilee Smelting and Refining (Pty) Ltd in Middelburg - a wholly owned subsidiary of Jubilee - and the 70% of the issued share capital of Power Alt (Pty) Ltd for an aggregate cash consideration of US$14m.

It was agreed that the transaction may be executed over two tranches, namely a disposal (tranche 1) which includes the sale of 65% of the issued share capital of JSR and 40% of the issued share capital of PowerAlt and an option whereby Jubilee retains an exclusive put option for the remaining share capital held by the company. The option was secured by Jubilee to evaluate Jubilee's continued exposure to the revenue generated by these non-core assets versus the value of the put-option. Consideration for the disposal comprised a non-refundable deposit payment of US$0.2m plus an amount of US$8.9m which was due to be paid on or before 31 July under the extension granted by Jubilee.

The granted extension for the second payment was also subject to further payments by GRE to JSR which included the funding of the expansion of the JSR smelter off gas systems. To date Jubilee has received the non-refundable deposit payment of US$0.2m as well as US$0.56m non-refundable funding from GRE - in settlement of specified creditors of JSR and PowerAlt and to fund increased production of the smelting complex. However, while GRE has made payments under the extension granted it is in default of the stipulated payment terms for the second payment.

Jubilee says it has not received the US$8.9m from GRE which was due on 31 July.

Jubilee Platinum chief executive Leon Coetzer said: "We are disappointed that GRE has not honoured the terms of the Transaction. This sale of non-core assets by Jubilee is not fundamentally linked to the Jubilee business strategy and instead is a transaction that offered Jubilee the opportunity to liquidate its shareholding in businesses that do not form part of Jubilee's platinum mine-to-metals strategy.

"We will review the appropriate action to take regarding the transaction after further discussions with GRE and our advisers taking into account the continued growth in the businesses. "In the interim we will continue to drive the growth in revenue from these businesses on the back of the increased capacity.

StockMarketWire.com
Jubilee Platinum subsidiary Tjate Platinum Corporation (Pty) received a Department of Mineral Resources notification of acceptance of its mining right application for the Tjate platinum mine project.

Tjate is consulting with the DMR to agree on the timing and deadlines for submission of a scoping report and separately an environmental management programme as required by the Mineral and Petroleum Resources Development Act, 2002.

Jubilee Platinum chief executive Leon Coetzer said: "The acceptance of the mining right application for the Tjate platinum mine project brings us one step closer to progressing the project.

"It has been independently appraised to contain a potential net 70 million ounces of PGMs and gold. While this remains a long-term development the fact that we have it in our portfolio highlights the scope and scale of the business that we are building as we also have a number of near-term opportunities.

"On that front we are now in a position to commence processing of the Dilokong Chrome Mine tailings and ramp up production over the coming months. We remain focussed on creating a platinum company which combines strongly complementary assets."

WATCH: Leon Coetzer, CEO of Jubilee Platinum, discusses the company's growth strategy.

Click here to watch

StockMarketWire.com
Jubilee Platinum has reached a key milestone in the start of processing of the platinum-bearing Dilokong chrome mine tailings by concluding a funding arrangement to meet the working capital requirement.

Jubilee is targeting to commence processing within the next three months based on expected time lines to re-commission the processing plant.

The funding arrangement includes both debt and equity. The debt component was secured following due diligence by the investor on the earnings potential of the processing of the DCM tailings, which allowed Jubilee to reduce the equity funding requirement.

The funding arrangement includes a debt offering of $10m, of which Jubilee will initially only access $750,000, the amount required to commence processing of the DCM tailings.

As part of the funding arrangements, Jubilee has entered into a subscription agreement with YA Global Master SPV Ltd, whereby YAGM will subscribe for 14,204,544 new ordinary shares in the company at a price of £0.044 per share raising £625,000

Under the terms of the lLoan, Jubilee is obliged to pay YAGM a facility fee of US$50,000, which Jubilee has elected to satisfy by the issue of 700,322 ordinary shares.

StockMarketWire.com
Jubilee Platinum's total revenues rose to ZAR16,727,333 in the third quarter - 42.94% up on last time.

Gross profits increased by 89% to ZAR7.1m.

Chief executive Leon Coetzer said "In response to the downturn in platinum markets, Jubilee refined its short term strategy to leverage off the ConRoast process to secure access to both platinum-containing chrome rich materials that are at or near surface as well as platinum-bearing waste materials at surface.

"Jubilee simultaneously commissioned the Smelter operations targeting the production of ferroalloy metals based on the patented ConRoast process. These operations continue to generate growing cash flows.

"We remain focused on increasing our earnings growth profile with a view to underpinning our Mine-to-Metals strategy. Our rights to the ConRoast process and targeting near or at surface platinum and ferrometal-containing material remain integral to achieving this goal.

"We are delighted by the latest contract wins which highlight the strengths of the Smelter operations and are helping to drive our forward looking strategy. Given the growing returns available we have opted not to offer a further extension to GRE.

"The Smelter operations are generating growing cash flows by targeting the production of ferroalloy metals based on the patented ConRoast process and reductive smelter technologies.

"In addition, the company has been successful in securing the rights to the recovery of platinum group metals ("PGM's") from the surface material at the Dilokong Chrome Mine ("DCM") - which will further enhance the earnings profile of the Company.

"We continue to engage with companies holding similar assets to the DCM surface material to grow Jubilee's access to platinum containing material at or near surface. The Company will provide further updates to the market regarding these discussions as soon as it is appropriate. The prevailing market conditions for securing resource funding are providing unusually attractive opportunities which Jubilee is actively pursuing.

"The ConRoast process remains key to unlocking near-term value and we are continually evaluating opportunities that will consolidate its unique application in the industry. We will continue to explore any opportunistic offers that could potentially accelerate our strategy."

http://www.investegate.co.uk/jubilee-platinum-plc--jlp-/rns/operations-update/201312050710477712U/

StockMarketWire.com
Jubilee Platinum's Middelburg smelter operation has achieved a new record production rate - more than 35 tons of ferronickel metal within a single 24-hour shift - exceeding the previous record of 26 tons of metal.

This achievement follows the company's announcement on 23 December that it had secured funding for the final phase of the smelter renewable programme, which includes the expansion of the Middelburg smelter operation to three operating ARC furnaces. Two of these furnaces will be dedicated to the production of ferronickel metal and the third furnace to the production of ferrosilicon metal, thereby increasing the total targeted smelter design capacity to 13,900 tons of metal per annum. All three furnaces have been fully contracted.

With proceeds in place to fund the commissioning of the remaining third ARC furnace at Middelburg, the board believes that the Middelburg smelter is in a strong position to enhance its earnings profile.

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Jubilee Platinum has entered into a £10m equity finance facility with Darwin Strategic Limited.

The EFF can be utilised by the company, at its sole discretion, over a commitment period of 60 months.

The EFF has been secured by Jubilee in support of its mine-to-metals strategy and more specifically towards potential acquisitions targeted by the Company in the platinum and other metals industrywith a view to further utilizing the ConRoast process. The EFF will replace the current equity based funding structure held by Jubilee.

At 2.5p the Market doesn't like this at all - so much for JLP's positive spins, etc. I recall 12months ago, it was nearer 13p ( DYOR ). OUCH!

Having to take out a sizable loan (do we know the Interest+Terms?), smacks of poor management of Cash. Why didn't they borrow when the sp was significantly higher?

Hey-Ho!

http://www.moneyam.com/action/news/showArticle?id=4747546

Jubilee is pleased to announce an operations update for the fourth quarter (Q4) of 2013. The Company is also updating shareholders regarding the sale of the Quartzhill property owned by Tjate platinum Corporation Pty Ltd ("Tjate").

· Cash flows, revenues and gross profits from the Company's Middelburg smelter ("Smelter") and Power plant operations are continuing to grow,

· Positive gross profits will be underpinned by commissioning of the 3rd ARC furnace, which is already fully contracted and on target for March 2014.

· The fully contracted smelter capacity of an estimated 13,800 tonnes of metal per annum is expected to increase gross profit margins to a targeted 38%.

· Jubilee has commenced discussions with an alternative party to conclude a short term processing strategy for the processing of the DCM tailings to counter the delay in concluding the commencement date with Platinum Australia Ltd ("PLA").

· Tjate consulted with the DMR's Limpopo Regional office with a view of fast tracking the review of the sale of the Quartzhill property and the mining right application of the Tjate project.

Leon Coetzer, CEO of Jubilee, said: "As stated in the previous update, Jubilee commissioned the Smelter operations targeting the production of ferroalloy metals based on the patented ConRoast process in response to the downturn in the platinum industry.

"We are pleased with the positive results delivered by continued efforts at the Smelter operation to grow our revenues and attain positive earnings. The growth in the gross profit margin reflects the growth in output and improved operational efficiencies. The last phase of the renewal programme at the Smelters is well on its way and is the last hurdle to achieve positive earnings for the Smelter operations.

"The integration of the various components of the 3rd ARC furnace will result in increased furnace downtime over the next quarter and we do expect lower revenues for the Q1 2014 which will impact our gross margins. This impact will be short lived as the commissioning of the 3rd ARC furnace is targeted for March 2014.

"Once commissioning is complete the ferroalloy smelting contracts that we have in place will underpin the positive earnings capabilities of the Smelter and the power plant. We are continuing to evaluate a number of opportunities that will provide access to additional platinum-bearing material at or near surface - so avoiding undue reliance on tolling of material.

"We can change our Smelter onto platinum material in a very short timeframe - and with the ferroalloy contracts focussed on the quantity processed rather than a specific time frame we are well placed to quickly take advantage of platinum-bearing opportunities."

Platinum Australia Limited Transaction and DCM tailings update

http://www.moneyam.com/action/news/showArticle?id=4771894

StockMarketWire.com
Jubilee says commissioning of the third ARC furnace has commenced at its Middelburg smelter operation.

Jubilee also says the scoping report, in regard to the mining right application for its targeted 70 million PGM ounces Tjate platinum mining project has been submitted on schedule to the Department of Mineral Resources.

Chief executive Leon Coetzer says: "I would like to congratulate our smelter operations personnel, engineering contractors and support services for their tremendous team effort to successfully conclude the construction and refurbishment of our 3rd ARC furnace."

StockMarketWire.com
Jubilee Platinum has confirmed that the third ARC furnace at the Middelburg smelter has been successfully commissioned and is fully operational targeting a production rate of 400 tonnes of metal per month.

The company says the commissioning of the furnace concluded the final part of the four-phase renewal programme developed and implemented at the smelter over the past two years. The renewal programme's objectives were to expand and upgrade the smelter into a robust and profitable operation on the back of secured smelting revenue contracts.

Chief executive Leon Coetzer said: "I would like again to compliment our Smelter personnel, engineering contractors and support services for their combined effort in successfully commissioning and bringing into operation the 3rd Arc furnace. This concludes the final phase of our Smelter renewal programme and the critical step in establishing a sustainable operation with positive earnings that will set Jubilee apart from most of its peers.

"Our key next target is to bring into operation the platinum containing Dilokong Chrome Mine surface tailings which is in line with the Company's strategy of bringing into production our acquired surface platinum-bearing material and ultimately to migrate our Smelter onto processing platinum concentrates."