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

Thinking about buying these. Waiting for the right moment. Whenever that is?!!
Simon

sub 45p good

I'am all into eureka but I like the look of this one and have it in my Investaquest portfolio

Broker tips target for Jubilee Platinum 51p !!!!

http://www.newratings.com/analyst_news/article_743939.html

Am into this one too. Good luck all!

Tipped by TD in Shares mag to make 170p by the end of the year if potential is proven. Must say it has an impressive portfolio. One to tuck away I think

Yes. These do look very promising. Plenty of assets with great potential. Ill be dipping in to these pretty soon.

Im in at 41.75 anyway. If this one comes off it should come off big time. Good luck all.

Good to see these moving up a touch, the quality of the assets would seem to be outstanding and should give rise to plenty of news flow in the year.
loadsa

Good news today but where's the SP rise?

Is anyone concerned by today's continual drift downwards? I'm very interested in JLP but am hesitating about jumping in with this SP weakness. Any views would be welcomed.

Its a shite situation all over the place queen1. I've just ditched a load of stock but JLP is one that I've kept because potential upside on this one is phenominal.

Agreed Chad, my portfolio is redder than Santa's suit. I guess my question should be, how much further until JLP bottom's out which, if you could accurately answer, would make you a very clever and rich person!

Exploration stocks are having a rough time of it BUT, I have been keeping an eye on JLP since the sahres mag article. It has so many prospects, the recent drop provides a buying opportunity for those interested in this type of company.

I've actually just taken the plunge as price bounced back from 37p low for the day. Here's hoping........ :-)

Just got in today at 36.97p.

Welcome on board the Jubilee train andysmith!

Buy Jubilee Platinum at 36.75p
Says A1m-Analyst.com

Jubilee Platinum's Tjate project in South Africa is situated close to properties owned by Anglo Platinum and Implats. Not too far away from Jubilee's Londokomana property in Madagascar, Phelps Dodge and Dynatech have commenced producing nickel-chrome at a new $1 billion million mine. As if that wasn't enough Rio Tinto owns a significant mineral sands site on the southern tip of Londokomana. Everybody needs good neighbours, and Jubilee has real quality ones, which could make for a very promising future for investors.

The Business
Jubilee Platinum listed on AIM in July 2002, raising 2.2 million pounds at 16p. Given that sentiment was against IPO's full stop in the summer of 2002, it is testament to the strength of the company that investors were willing to back it. Amongst those investors is Golden Prospect (GOL: AIM), which continues to hold 16.62% of the equity in Jubilee. The company was initially formed to exploit Platinum Group Metal (PGM) plays in the Eastern Bushveld of South Africa, Northern Canada, and Madagascar. Since listing the company has exercised an option to farm into acreage in Ethiopia and Sierra Leone, but the projects in the former country did not prove worth pursuing and have subsequently lapsed. Canada has also not proved as potentially lucrative as was previously hoped, and the company has opted to pursue its more exciting African interests whilst retaining a 15% carry with no financial commitments on the Havoc Lake properties. Noranda, which is funding all commitments on the Havoc Lake properties, can buy out Jubilee's stake for 1.5 million Canadian dollars.

The real excitement with Jubilee Platinum is its projects in Madagascar and South Africa. On 2nd December 2004 Jubilee acquired a 25% interest in the three Tjate properties in South Africa owned by the same namesake with a 10% earn in fee. The company paid 3.1 million pounds for the 25% interest, and 1.2 million pounds for the earn in of a further 10%. Jubilee's CEO, Colin Bird, has also become the CEO of Tjate and its project manager.

The three farms owned by Tjate are Quartzhill 543KS, Fernkloof 539KS and Dsjate 249KT, which lie next to Anglo American's Twickenham mine and Impala's Marula mine. On 10th March the company announced impressive results from the first diamond drilling at the 2,162 hectare Dsjate 249KT property. The results showed a weighted average grade of 7.78g/t of 3PGE and gold over a 1 meter width, with a grade of 0.33% nickel and 0.19% copper.

Further results from Tjate were announced on 27th April, which backed up the initial results from March. The additional assay results from the initial mother hole, which was drilled to a depth of 1247.59 meters, have indicated a weighted average grade of 6.29 g/t of 3PGE and gold. The drilling at Dsjate 249KT has intersected both the Merensky and UG2 Chromite Reefs, which the directors believe underlies the entire Tjate property.

Clearly there is a strong chance that the Tjate property will eventually be bought out by either Anglo American or Impala, both of whom, as mentioned, have processing plants nearby. On the other hand Jubilee might seek a production sharing agreement to bring the property into production quickly, whilst minimizing its own capital expenditure. Investors are now eagerly awaiting assay results from the two deflections onto the Merensky Reef and the one deflection onto the UG2 Reef.

In Madagascar Jubilee has interests through a joint venture company, (Mineral Resources of Madagascar) in which it holds 85% of the equity. The company has six major concessions in Madagascar all of which are at different stages of development. Three properties have enjoyed virtually no work, namely the three smallest properties, Mandolatra (25Km), Tsarantana (50Km) and Andonabe (37.5Km).

The first of the three properties, and seemingly the most exciting is at the Londokomanana district, covering 450Km. Londokomanana was originally explored by The French Geological organization, BRGM, in the early 1970s, and has become the property on which Jubilee is most advanced. Geophysics suggest that the area is rich in PGM's, Copper, and Nickel. At Bebasy two 0.5 meter-wide quartz veins have produced grades of 42 g/t to 108 g/t of gold, which is phenomenally high.

At Pachoud/ Lanjanina geochemical soil samples have identified significant copper grades of up to 2800 parts per million ("ppm"), and 550 ppm of nickel. From Pachoud to Belanitra there is the possibility of a continuous 3 km copper-nickel geochemical anomaly. Given the results achieved in the Londokomanana district to date there is a strong likelihood of surface mining being undertaken in the future.

Finally in Sierra Leone the company has a joint venture with Golden Prospect on the 105.3Km York project located on the Freetown Peninsula. Previous and current work has identified a 2 meter wide, 8Km long mineralized reef.

Two sampling programmes have produced 0.5 g/t - 0.8 g/t of platinum. In 2005 trenching and drilling will be carried out, although the property does not initially appear anywhere near as exciting as the Madagascan and South African properties. Nonetheless it forms what is a highly prospective portfolio of projects.

The Directors

Jubilee has a very strong management team led by chief executive, Colin Bird, who has over thirty years of experience in the industry, as well as eight years in corporate finance. Colin Bird maintains a strong interest in the company's equity, holding 6,585,048 shares, 10.18%. The financial director is Raju Samtani has brings with him three years of experience at WTS Group, where he was the group financial controller. Andrew Sarosi is the technical manager, having thirty years of experience in metallurgical production/management, project evaluation and having been a consultant in base and precious metal processing and gold refining. Malcolm Burne, chairman of Golden Prospect, holds a non-executive position on the board, as do David Parker and Chris Molefe.

Investment Conclusion

At 36.75p Jubilee Platinum is capitalized at 26 million pounds. At the 31st December 2004 the company had cash of 2.861 million pounds, whilst recording a loss for the six months of 96,000 pounds. On 5th April the company announced that it had placed 4,848,485 shares at 33p with institutional investors raising a net 1.51 million pounds. The funds will be used to progress more aggressively the Tjate project in South Africa, and at Madagascar, as well as for general working capital purposes. The Tjate project is believed to hold in the region of 70 million ounces of the three main PGE's - platinum, palladium, and rhodium - which will sell for in the region of 850 dollars an ounce. It is possible that Tjate might be confirmed as a world class mine before the year is out. There are several opportunities that could emerge as to how Jubilee will seek to create shareholder value from all of its properties. The company is well funded, has a strong management team, and given the market capitalization, the shares are attractively priced for those investors who enjoy a more speculative investment in mining exploration. The twelve-month price is 100p. Speculative Buy.

Thanks grevis, excellent post.

You're welcome!