bought in after the sunday Business paper tip suggesting blue sky valuation of 52p-170p. highly speculative but looked attractive to me having come back from mid 30's high. any holders out there with views on this or aware of broker price targets, recommendations - a short term punt for me at present which I think will retest old highs but longer term it does look interesting as well.

developing into a strong story - positive drilling update today - shares hitting 35.5p - results shortly - hopefully 40p next stop - any other views/holders?

Agree 40 very soon, big buyer out there..

seen 40p already - ok a pull back now - weekend write up in papers somewhere and could see 50p next week - fingers crossed good blue sky potential on this one - by year end who knows? results shortly will also provide impetus

year end >80p

Anyone really understand the "Offer" for Braemore...?
1) Is it Opportunistic ( and therefore shafting long-term BRR investors) . . .?
2) Is the combined company really wotrth the current (ie after the deal) sp, as it has risen considerably prior to the Offer - that in itself is not encouraging, IMHO.
3) Any view on the JLP-Execs . . . . are they active "workers", or deal-makers intent on a fast-buck, I wonder...?
4) Please don't repeat the offer documents, but considered evaluation would be useful (ie strip out company-speak, it is always a "good deal" . ...
EDIT(14Sept09)- Seems the deal is close to 15:1 so not too bad and JLP is already on AIM . . . . but the silence on posts here is an indicator that there is little expectation of early success (of the combined Co) + JLP shares fell just 0.5% today. . . . . . Now, 13:00 hrs JLP = 38-39p

EDIT (28May2010)- 32.5 mid - Oh deary, slow drift down, despit some movement on CONroast, Oops!
EDIT (Jn10), -completed Placing 24m x 1p shares at 33p ... yet, today 30.5/31.5 - still London doesn't use its own money. (Last AGM was 7Oct09)

Find a place where someone does not post all the time and gets tired of reading the posting with no substance.

well here it is
Time to buy again? I did ( 2.80 / 2.85p )

Reasons: Has been around the bottom for some time and now looks like there is interest once again as is moving slowly forward. Platinum has been strong holding over 1,000. Prices paid are now close to offer price on small spread. On the charting front all Indicators are turning after reaching oversold.

3p +0.225p

Well on the move up as Plat prices have jump today to $1064 +$38

Share price was due for that after holding at lows, there is volume on the rise that will help to consolidate

looking to cross 50 days MA

3.175p +0.35p

Keeps moving higher as the volume has gone to 7.5M

This used to trade at £2. Posting when the share price rises by 0.225p to a grand total of 3p really isn't that exciting or worthy of note!

queen1

shall I tell you go to school and learn %

A stock that goes up by +0.40 (+14.16%) is plenty for a trader, and more if is on a day when the FTSE 250 is down by 321 points.

And as it happen I bought last Friday,
never mind you £2, if you have the stock since then, you better sell all Your portfolio, shares are certainly not for you.

>>>>>>>>>>>>>>

3.35p +0.50 (+17.70%)

a supper finish with volume of 13.4M

Rising with volume = Bullish

My point, you pedantic prat, is that over the years the value has been driven from these shares so that they're now practically worthless. And for those who have been in longer than day traders, 14.16% of nothing is still nothing.

you have just been downgraded to >>>>>>>>>>>>Princess

just like that stupid Queen

stop complaining and buy the shares
I forgot you are penniless

note : who cares about the share price 5 or 10 years ago, is now what we are posting about

Aah, I see you studied English at the School for the Gifted.

so as you lost the point,
now is English,
next spelling

note - You are still as stupid as before, so keeping with the downgrade
as the princess wants to have the last word



re - Gifted

Yes some said I am and the proof is on the pudding, I and only I gave the signal to go up the day before it did.
now you try that, and I will give you 3 chances

3.40p +0.20p

Ready to go places today
By the look of the larger trades and share price movement
Yesterday's and the day before pause was a blessing to get the sellers some profits, and yet the Platinum price was well up

Shareholders will be cheered.

Warren Dick | 12 July 2016 00:07

Jubilee Platinum provided a quarterly update for the three months ending June on developments at its Dilokong and Hernic projects that will be of keen interest to investors.

The Dilokong chrome mine (DCM) tailings project involves building a plant with two distinct circuits (or blocks) on site at the Dilokong mine, which is owned by Asa Metals. Jubilee finances, builds, and operates the plant, and in lieu of not paying for feedstock (tailings), shares the earnings with Dilokong.

In the first block, surface tailings are processed to extract chrome and waste. For the three months ending June (during which the chrome circuit completed commissioning), the plant produced 15 188 tonnes of chrome concentrate, with production in June (steady-state) of 7 480 tonnes.

But look how lucrative this was: the chrome circuit yielded revenue of R19.1 million and earnings of R14.2 million, implying an operating profit margin of 74%. Of this, R8.7 million accrued to Jubilee (61%). “The reason it’s so lucrative is that we do not have to buy material to feed the plant with – 60% of the cost of mining is moving material to surface. We have also developed processes to recover metal from other people’s rubbish,” says Jubilee CEO, Leon Coetzer.

The plant outperformed the original design numbers “both in terms of revenue, earnings and operational performance” and this stemmed from better than expected chromite yield. The real beauty of this will only be seen later, because in Coetzer’s words, “the more effectively we remove the chrome, the easier it is to extract platinum group metals, because you would never be able to recover platinum from the [virgin] reef”.

As it stands, Dilokong has tailings of some 800 000 tonnes – enough to keep Jubilee busy there for another five years. Ongoing mining operations continues to add to this.

The second block (that will extract platinum group metals from the non-waste ore coming from the first block) has not yet started construction. “The plan was to build the second block, but due to the situation the platinum industry finds itself in at the moment, we have been approached by a company that has offered to toll process the surface tailings we have access to, because they have surplus capacity. So we have put construction of the plant on hold until we can figure out what works best for us,” says Coetzer.

The second block has been designed to yield approximately 12 000 ounces per annum of PGMs, and is equally as financially attractive as the chrome block. Implementing an agreement with a third party to treat the PGMs would allow Jubilee to begin generating revenues much sooner that it would have should it elect to construct the PGM block.

The much larger project at Hernic will

Although I hold ( from sig. higher sp) I'm not convinced by this Co. - and as for the "Tailings" - a co would be very foolish to scrap hard-won material that contains what they are looking-for. In good days it might be cheaper to "keep digging" but if all you have to do is reprocess and the plant is idle...
So one has to hope any tailings are bought very cheaply, - otherwise it's just buying sand..... since Good Tailings . . . should be . . . at a Premium Price.

Another excellent post by "34DegSouth" over on the III BB.
With events EVENTUALLY starting to follow Jubilee’s plan (Tailings), the amount of potential upside could be EXPONENTIAL!! I’ve sketched what I think could be possible in the next year. This is mostly based on fact (ie. as per info contained in RNS’s, interviews, etc.), but is also based on my reasoning and ‘some’ assumption (please feel free to correct me where you feel that I’m way-off track!)

• Even though Jubilee produced an impressive and forecast 7480t of Chrome concentrate output for the month of June (from ASA tailings) from their ‘New-Chrome-Plant’ at ASA, I feel that this can be further increased (input of tailings only) – to say 9000t/m – refer to my prior two posts re. the reasoning – ie. plant running on average of 13.85h/d – the more likely scenario is that they are running their ‘new-plant’ at varying input feeds (say 50-75t/h), with some periods of stoppage - ~ 9000t/m by Aug/Sep?

• As per my prior postings, I’m hoping that Jubilee’s payment to ASA as per the newly negotiated Business Rescue re. the Chrome Tailings processing is a fixed monetary amount, such that once reached, Jubilee will then retain 100% of the earnings as opposed to the current 61.3% as per their last RNS - repayment Rand target reached by say December?

• I’m hoping that their agreement with the 3rd party Chrome miners are signed soon (next month or so), such that Jubilee can process this virgin 3rd party ROM material at the ASA site – note that, as this is virgin material, the chrome concentrate yields could be as high as say 45% or 50% - ie. 1 ton of concentrate produced re. every 2 tons processed – the profit/return per ton processed will be less than the impressive chrome returns that Jubilee are getting from the ASA tailings, but I’m assuming that the volumes will be far higher than the ASA tailings – ie. multiples of mt’s, such that Jubilee can run and be very profitable at ASA for many years, as opposed to exhausting the tailings in say 18 months – agreements signed by August?

• This is where I see Jubilee utilizing their additional available 50,000t/m of Chrome processing capacity at the ASA site – ie. once these 3rd party Chrome ROM contracts are signed – ie. using the 2nd processing facility at the ASA site (as acquired from ASA as per their Business Rescue). This would enable them to reach the > 25,000t/m chrome concentrate output that they eluded to in their 7 June RNS – ie. there will be two separate feeds – one from the Tailings perhaps through their ‘new-plant’ and the second from the 3rd party ROM material though their ‘acquired ASA plant’, BUT ensuring that their profits are optimal as per this input feed mix - > 25,000t/m chrome concentrate output by Oct.

• Note that there would be an additional PGM output re. this processing of the 3rd party ROM – hoping that the agreement reached is very favourable to Jubilee re. the PGMs produced (as well as the Chrome)

• Hoping for agreement/sign-off reached with the established Platinum miners re. the Benefication of Jubilee’s enriched PGM’s as contained in the waste from Jubilee’s chrome processing – next 4-5 weeks as stated by Leon? PGM production by September?

• 3rd Tailings contract secured by September – Leon did make mention during his presentation of a possible smaller 500,000t tailings dump, but could be one of the larger ones – Samancor? Merafe/Glencore?, both of which are substantially larger than Hernic, with 4th Tailings contract to follow shortly after – December?

• Hernic - Chrome processing plant operational by early December - concentrate from tailings being produced by January? PGM’s by March – additional 3rd party mined ROM contracts signed by Dec/Jan?

• Platinum prices to overtake gold and reach say 1250/1300+ $/oz by Dec/Jan – ie. just when Jubilee are ramping up PGM production/output

• Hoping that Jubilee have no need to tap into/use the Finance secured – a pity that there was further dilution re. obtaining this finance – hindsight is a perfect science!

• Tjate Mining Licence – I’m hoping that this licence is only awarded say Mar-Jun’2017, as per when Jubilee have all of the above fully operational and optomised, such that they don’t lose focus

• Hoping for massive Tjate Mining partner interest just after licence is awarded (and when Platinum prices have recovered to > $1250/oz) and Jubilee have all of the above fully operational and optimized

I believe that most/all? of the above is possible – However, most of which probably won’t follow this perfect order, and my indicated optimal time-frames could be a tad-off!!!

Mentor, no-one else . . . .
...believes the RNS + Co pronouncements - they merely serve to stop everyone selling this worthless stock....whatever the Co might be able to achieve, the Dirs will miss their opportunity and make a fist of whatever remains . . . if you need evidence...the sp graph is a very honest indicator.

The rot set in with precious metals being out of favour - the new generation of cars use batteries, not plat catalysts - and the big boys can produce and Market enough to keep the current metal-price . . . at least until the World finds it needs so much more - that tiny suppliers are able to profit. - And this supposes that JLP has at last got the necessary Men, Machines, Money and Markets.

Until then - who knows- 5-years? - the likes of [JLP] would be wise to spend Nothing to conserve cash, before the whole thing goes belly-up..

Thanks Mentor. . . understood fully....+ Good Luck . . . . .

EDIT (30Aug2016)- Re processing Plant - FWIW I think they'd be better with 3rd-party processing, as it lower risk and whilst their input quality ,ay become "leaked" the output is not going to be far different from "pure" - so the Directors of JLP will know when their own investment is worth the candle . . . and this means they can continue to extract Cash as the Metal-Market struggles. When/If the Metal-Market recovers, or someone offers to build them a Plant on favourable Terms, they should start construction in the longer-term knowledge of what they are likely to be putting-in.
"Not-Doing" is sometimes the most-difficult choice . . but the sp says "Don't" Risk it!