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Jubilee Platinum Share Discussion Threads
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|There is one small tiny silver lining here, potentially. Birdie acknowledged frustrations about share issues and, despite that, post ml he takes another massive steaming dump on us. But there is no contrition at all, no little apology, no message. In a sense that can be read, in the big plan, the steaming dump is of such little consequence that shareholders will barely notice it against something much bigger that sends the share price rocketing. BUT, for that to be the case, something pretty big must be coming very soon or else we really are being taken for fools.
On that basis I am going to pitch that within two weeks it will be announced that Anglo Platinum will join in a collaboration to extract ore WITH IMMEDIATE EFFECT from the Tjate area by EXTENDING Anglo's existing operations. It may also be announced that JLP will have 'effectively' produced it's first (part share) ingot of platinum from ore from Tjate within, say, four weeks.
My confidence interval in this being the big news is 33%. The only possible hiccup for this is the previous association between Birdie and Anglo that might require some sort of technical re-positioning of boardroom chairs (up the lawyers!)
Now, I have a fresh bottle of Russian Standard, orange juice, and large ice cubes to attend to by the tennis court. And, I seem to have brought the sun back with me to Blighty. How do you manage without me smack heads?
|And this undated piece but from last year does give the overall plan succinctly - of note there will be discussions for 'funding to develop Tjate'. If this is still the case then the go-it-alone scenario will be most likely unless there is a percentage JV or cash based alliance or cash spread consortium. BUT, will JLP only need to take the 'valuable piece of paper' to the table or will it have to have a suitcase stuffed full of Rand too?;
"LEON Coetzer and chairman, Colin Bird, acknowledge Jubilee’s shareholders are frustrated with the long wait for a mining right at Tjate and regular share issues to raise money. They promise the processing facility at Hernic Ferrochrome, which is close to completion, will start to deliver sustainable cash flows this year, and that the Department of Mineral Resources (DMR) will finally allow Tjate’s mining right to be executed. Coetzer says he’s been lambasted for calling Tjate’s mining right “imminent̶1;, but blames changes to senior management levels at the DMR for the delays. Only once this right is truly secured, will Jubilee be able to sit down with investors and discuss funding to develop Tjate, which Bird describes as the biggest block of undeveloped platinum left in South Africa. This is clearly a sales pitch, since Jubilee brands itself a low cost, low-risk alternative to deep-level platinum mining. It has two recovery projects: chrome at Dilokong and chrome and precious metals at Hernic’s site. Coetzee says Jubilee is also in active discussions to acquire a third and fourth project in South Africa. He says there are indications that the good times are about to return, but we suspect shareholders will need more than forecasts before they put in money.
LIFE OF LEON
He’s been CEO of Jubilee for seven years, following a 20-year career in process technology at Anglo Platinum. His career has been built on identifying new technologies and realising them as quickly and cost-effectively as possible. He has a BSc in chemical engineering.
“We have been able to demonstrate our ability to outpace our competitors.”|
|Previously associated with Tjate but what are the current relationships? Are they going to knocking on the door soon, let us in?
Sebata Kgomo Consortium
Diamonds:- "SKM has been for sometime negotiating with property owners of specific farms in the Northwest Province of South Africa for the rights to lease their properties". 2005, now part of Jacobs.....
Will the start of mining be via a lease to a diamond miner? Would this not fulfill the requirements of the ml to commence some sort of digging operations within 12 months? Will Jacobs have awareness of Tjate lease discussions from 6-7 years ago? Jacobs, worth keeping a scan on their news.
Rather than thinking in terms of a joint venture or take over, an alliance or consortium would perhaps be a better description. Joining a 'consortium' with Anglo for example to allow them to extend their mining into the Merensky and UG2 chromitite reefs from Dsjate area would be a mutually beneficial arrangement without either having to tie in for a long haul. Who else was competing for the Tjate mining license?|
Will be farm out/straight sale with JLP having future rights to process the resulting tailings.
Colin is the master of proving a resource and selling it on.
Lets stick to the tailings business imo|
24 Mar '17 - 16:20 - 15468 of 15468 0 0
well another solid day
Could be the Captain of the Titanic.|
|well another solid day|
|but no thanks|
that delayed 600k from 15.14 might say otherwise.
That went thru quite some time after the 'bottom' was in..|
|not sure I agree totally with wtd.
Are we out of the woods yet bottom-wise...
I did say yesterday that I thought we'd get a decent tradable bounce from 5p and we did of sorts - the volume was ok but it took about 2 hours to ratchet up so I wouldn't say it was a typical 'washout' moment.
Selling now at bid isn't a great indicator strength and widening the spread was an attempt to entice a few feeling 'left-out' of the faux bottom turnaround. Notice the buys going through @ 5.27 when the ask was 3.35
More fun to come imo
|NO !, i didn't pay them to say that.|
|Here is a post from a prospective investor who was passing through the boards.
deme1 and company, are the ones on filter, presumably.
meanreverter - 08 Mar 2017 - 20:43:55 - 40320 of 41235 JUBILEE PLATINUM - NEW DAWN ! - JLP
Bullster, you are one of the few posters on this thread that I haven't filtered yet, because some of your posts are actually relevant to the question of whether to invest in JLP.|
|Have you noticed, these "goons" never post any of their own research.
And i don't mean other peoples that they cut and paste.
Suppose that's why they are miffed.|
|Wouldn't be the same without you Bullster!|
|Bully, yes. You bring some valid points but also a bit of fun.|
|Regular members "only"
Those with "integrity"|
|A - like a bout of herpes ;)|
|Question to the regulars of this bulletin board.
Q... am i welcome here ?|
re:- "they do that themselves anyway!"|