Share Name Share Symbol Market Type Share ISIN Share Description
Jubilee Platinum LSE:JLP London Ordinary Share GB0031852162 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.05p +1.27% 4.00p 3.90p 4.10p 4.00p 3.95p 3.95p 1,123,497 16:25:45
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 1.5 -3.6 -0.4 - 44.73

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Date Time Title Posts
25/7/201716:39JUBILEE PLATINUM10,649
06/7/201713:29New Plan4
27/6/201716:26TARGET PRICE 200P15
13/6/201712:56JUBILEE PLATINUM - NEW DAWN !42,651

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Jubilee Platinum Daily Update: Jubilee Platinum is listed in the Mining sector of the London Stock Exchange with ticker JLP. The last closing price for Jubilee Platinum was 3.95p.
Jubilee Platinum has a 4 week average price of 3.53p and a 12 week average price of 3.53p.
The 1 year high share price is 7.48p while the 1 year low share price is currently 3.10p.
There are currently 1,118,360,942 shares in issue and the average daily traded volume is 1,910,999 shares. The market capitalisation of Jubilee Platinum is £44,734,437.68.
luckykids: The three things that have impacted on the JLP share price are undoubtably; The fund raising. The failure to monetise ASA Platinum tailings or at least tell us the plan. The SA governments plans for mining companies. The fund raising badly dented confidence in the floating holders, as they believe it may be done again. Which they won't need to, as cashflow comes through. Not sure why they can't reach a conclusion on Dilokong platinum. Somebody has to invest an awful lot of money in this mine, and they are unlikely to want to pay as much, if they think that maybe 5 years down the line Zuma may nationalise the lot. The risk has got bigger and unfortunately for us it could not have come at a worse time. I think Colin was hoping for $250 to 350$ million up front with a small interest left in it that we could afford to pay our way on. He may have to lower his expectatons. All these major cos will be adjusting the amounts they want to or are willing to pay. There have been some stupid figures bandied around about how much we can earn. I expect Hernic platinum and ASA chrome to produce about $8-10m annually between them. That is without ASA platinum or any of the other projects. I am pretty sure we dont get all the money from Hernic. For some reason I thought it was about 40% of the projects earning ie 40% x $18m = $7.2m and about $2.5 to $3m from ASA chrome. It may be the case they get all of it till the capital costs are repaid at Hernic. But these earnings easily support the capitalisation of the company and that is without Tjate, ASA platinum and all the other projects. The price can always go lower, but at £40m capitilsation it is probably still a fifth of the price of the mine. It would be cheaper to buy the company and float or sell off the processing side and get the mine for virtually nothing. So very confident there is a base to the price around here. GLA
whattheduce: Nobody wants to comment on the 18million. Why? You want as million+ shares in the company so you get the company to sell you new ones rather than get your broker to buy from the market. Why? The live update on JLP share price stalls for 4 days in a row whereas all other prices are moving freely and live. Why? The company has 73% share in a verified £1billion asset yet the stock trades at approaching 50% of the valuation given in the accounts. Why? When I was in Asia, I good read loads of stories on the web about electoral fraud in many guises was being speculated on in the UK following the June 17 election. Back in the UK it is very difficult to find those same stories through any search engine. Why?
yangou: before anyone asks. No I have not had one too many lol. Had no internet or phoneline and the internet at the lion was not up to much so hence the above. But nice surprise on my return everything was hunky dory again. except JLP share price. Must have been because I added this morning.
highly geared: Plat/ gold ratio at multi decade lows. Plat needs to rise by 25-35% just to get back to historic norms. Jlp share price now leveraged on plat price. every $100 increase should add £5 million to operating profits and bolster the share price. I'd agree on a take out around £250-300 million.
dmitribollokov: Glr came off a base of £3mm mkt cap with £2mm in cash, it's mkt cap is still ~1/4 of this. Very few shares outstanding and potentially massive resource, not apples with apples. That said i agree, jlp share price reaction is frustrating, hard to see what is going to give it the shift it needs. I own 1.5mln of these want to see them move!
noirua: Unfortunately the market still does not trust small miners on costs. As the CEO of Randgold was reported as saying, "Despite small gold producers having a low 'all in sustaining cost' they still cant seem to make a profit. The few that do put money straight back into more exploration and shareholders never see a dividend". Hopefully JLP will be different though debt needs to be paid back and takes longer at low Platinum prices. Another reason for the low JLP share price is that producing Platinum is more difficult than gold. Still, it looks as if some are being given an opportunity to get into Jubilee cheaper than expected at a tad over 5p. Some would have bought at this price when over 6p - strange how difficult it is as 5p approaches.
petebarnes1: Jubilee Platinum Share News (JLP) 9 Share Name Share Symbol Market Type Share ISIN Share Description Jubilee Platinum LSE:JLP London Ordinary Share GB0031852162 ORD 1P Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade +0.775p +14.22% 6.225p 6.20p 6.25p 6.225p 5.75p 5.75p 967,544.00 08:03:33 Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m) Mining 1.5 -3.6 -0.4 - 64.60 Print Alert Jubilee Platinum PLC Jubilee Executes Surface Tailings Transaction 09/03/2017 7:00am UK Regulatory (RNS & others) Jubilee Platinum (LSE:JLP) Intraday Stock Chart Today : Thursday 9 March 2017 Click Here for more Jubilee Platinum Charts. TIDMJLP RNS Number : 9272Y Jubilee Platinum PLC 09 March 2017 Registration number (4459850) AltX share code: JBL AIM share code: JLP ISIN: GB0031852162 9 March 2017 Jubilee Platinum PLC ("Jubilee" or "Company") Jubilee Executes Surface Tailings Transaction in Australia Highlights -- Jubilee has secured a copper surface tailings project with RMA in Australia consistent with its stated surface processing mission -- Project production forecast of 12,000 tones (t) of copper (Cu) at production cost AUD3,381/t Cu (USD2,569/t Cu) - Current Cu price USD6,000/ t Cu -- Near surface resources of 35,000t Cu in combination of JORC compliant category and mineral inventory -- Project Tenements comprise seven copper mining leases and two Exploration licences in South Australia -- Several of the Project Tenements targeted to be production -ready within four months of the Transaction and able to produce cash flow within 6 month of acquisition -- Project Tenements offer significant Cu exploration upside potential Mine-to-Metals specialist Jubilee Platinum plc (AIM: JLP, AltX: JBL) is pleased to announce, that it has executed a binding and exclusive Term Sheet to enter into a transaction ("the Transaction") with Resilience Mining Australia Limited ("RMA") to explore and develop ('the Project") RMA's Leigh Copper Mine ("LCCM") and other copper Mining Tenements ("the Project Tenements), collectively owned or held by Leigh Copper Mine Proprietary Limited (the "Project Company"), subject to conditions precedent including satisfactory due diligence and/or to entering into the transactional agreement ("the Proposed Transaction Agreement" or "the Proposed Commercial Transaction"). Leon Coetzer, Chief Executive of Jubilee, said: "The execution of this Term Sheet demonstrates Jubilee's ability to apply its processing success and expertise in the recovery of platinum and chrome to associated base metals such as copper. The expertise that Jubilee holds in the processing of near surface materials and tailings is easily transferred to minerals that fall within the PGM and Base Metals grouping. Having said this our first international project has been carefully selected based on risk and reward by avoiding undue execution and financing risk. This targeted copper project located in South Australia demonstrates Jubilee's ability and focus to drive its growth not only bound by country or specific metal but also offers an exciting opportunity to build upon in Australia. We have selected the copper arena on the back of the strong underlying fundamentals for copper in the short and mid-term. We are looking forward to executing this project and building on our established Australian presence by seeking further such opportunities. Discussions are progressing favourably to secure further opportunities in both the platinum and associated base metals arena and we remain confident to secure further such opportunities in the short term." Execution of Project Preparatory Phase- Due diligence and execution of Proposed Transaction Agreement On entering into Proposed Transaction, the phased execution and objectives of the Project are as follows: Phase 1 - Reaching commercial production of first copper tonnes from processing of existing surface material; Phase 2- Target commercial production to 3,000 t Cu sales and then to 9,000 t Cu sales, triggering respective target deferred consideration payments. Salient Terms of the Proposed Commercial Transaction Under the terms and conditions of the Proposed Commercial Transaction, the Company will have the right to acquire up to 100 % of the issued shares in the Project Company for staged considerations totalling AUD 4,500,000 by way of cash for the acquisition of shares, AUD 2,500,000 in secured loans and AUD 1,000,000 subscription payments. The staged considerations are linked to key project and copper production milestones. On the Company electing to proceed following the exclusive due diligence, which is estimated to conclude on or before the end of April 2017, and the execution of the Proposed Commercial Transaction, the Company will offer the Project Company a 3-year-term interest bearing securitised loan of AUD$500,000 towards accelerating the production time lines. First commercial copper production is expected within 4 months of Project Commercial Transaction. On entering into the Proposed Transaction Jubilee will acquire 20% of the issued shares of the Project Company for a purchase price of AUD 500,000. After the 20% acquisition, the Company will subscribe for a further 20% shareholding in the Project Company for a subscription price of AUD1, 000,000 towards achieving commercial production thereby giving Jubilee a 40% shareholding in the Project. Following completion of Phase 1, Jubilee will have the option to acquire a further 11% of the issued shares in the Project Company for a purchase price of AUD 500,000 thereby increasing Jubilee's total shareholding to 51% in the Project Company. On Jubilee electing to commence with Phase 2 and objectives, the Company will provide a further 3-year-term interest bearing securitised loan to the Project Company of AUD2, 000,000 if the parties deem further capital is required for the Project. At any time after having acquired a 51% shareholding in the Project Company and electing to proceed with Phase 2 objectives, Jubilee will have the option of acquiring a further 29% of the issued shares in the Project Company for AUD500, 000 taking its shareholding in the Project Company to 80%. On the Project achieving the target 3000 t Cu sold in terms of Phase 3 Jubilee agrees to make a deferred consideration payment to RMA of AUD1, 000,000 in cash. On the Project achieving the target of 9,000 t Cu sold Jubilee agrees to make a further deferred cash consideration payment to RMA of AUD1, 000,000. Jubilee shall offer to RMA an option, valid for a period of five years from execution of the Term Sheet to convert its remaining shareholding in the Project Company at Phase 4 in exchange for Jubilee shares valued at AUD1, 000,000; priced at the minimum of the Jubilee VWAP on the trading day immediately preceding the date of last signature of this Term Sheet or the following thirty (30) trading days' Jubilee VWAP. This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014. Contacts Jubilee Platinum plc
the bull: what a great day, sipp looking healthier by the day, jlp share price now repairing the value it once destructed
aaspell: I think the share price languishes rightly on the past performance of the company and a wait and see approach. Whether you believe that the past performance does not reflect the current performance of the company or not - the historical view on JLP until the last 12 months or so is that this is a company that has made various promises that it then failed to deliver on. Take Leinster Nickel - never progressed to an operational project - now BHP want to remove JLP rights. Or the purchase of Breamore for Conroast - apart from test work at Mintek never operated a Conroast smelter or produced PGM for itself or indeed any third party. Perhaps Power Alt and the smelters at Middleburg - allegedly to secure its own power for smelters and conversion to Conroast when required - operated at a loss - sold at a loss - smelters never converted. Tjate License - lets not go there. So there is a massive history of failure to deliver (or being kind under delivery against that which people invested against). However one can also argue that all of these issues were hindered or prevented by the finical crisis - lack of available funding - lack of appropriate funding and the lower value of commodity prices making progressing such projects unviable. Did JLP do well just to stay in business albeit at significant pain to shareholders via SEDA facilities, significant share issues, warrants etc? So onto the current operations. When they say mine to metal company i imagine that still conjures images for lots of people of the rose concept of Tjate banging out PGM's which JLP would then concentrate and subsequently smelt using Conroast to be a truly mines to metal producer. Currently we are a middle man processor of chrome tailings with aspirations via Hernic and ASA to be a middle man producer of PGM concentrate that others will toll process / smelt. But to give the company some credit the front end chrome production at ASA is something they delivered to programme, with better than projected earnings. So why does the share price still languish? From a personal perspective it's a suck it and see approach. For every 1p increase in the share price it creates a £10 million uplift in the Market Cap (thats a lot when the projected revenues from Hernic are £18.9 million per annum) and its never been clear how much of that £18.9 million will be lost in costs for the toll processing. They company has two very clear and defined targets to achieve - the first is the commissioning of Hernic by the end of December 2016 with the second being their contractual obligation to deliver concentrate for sale in February. Miss the first and theres a chance that the second is delayed (we do not know what quantity of concentrate our obligation relates to either so miss the first and we could be short of production on the second). Hence with only two weeks to go i'm quite happy to hang out waiting for confirmation that Hernic is in the commissioning process and ramping up to production. I imagine there may be a slight drift upwards or even downwards until the market receives such confirmation but if they do hit that first target the 2nd naturally follows. If the project is in production then there will be something to sell come February and i'd expect to see the share price start rising to reflect this. Then the other "if" comes into play - how much concentrate will we produce against any contractual requirement and how much profit will we make after toll treatments. They will be obliged to RNS their first concentrate sales so in Feb we should know the volumes of concentrate we can produce - but they will not be obliged to divulge any cash or operating costs until the annual accounts - so to see any true profitability could be as far away as next December - however in the short term if they meet their requirements in Feb i see the share price picking up further. This is all relatively short term stuff - 2 1/2 months to end of Feb an RNS and possibly a mid March OPs update. If they meet target 1 i will then hold on again for confirmation of target 2. For those people who comment on daily buys / sells etc there is nothing to suggest any significant interest in the company. Volumes are tiny against shares in issue a million share buy simply shows an individual is optimistic of the share price moving north - but of course there is someone else happy to sell an equal volume. (maybe necessity, maybe seeking better returns, maybe if they bought low happy to take a 10, 20 30% profit and move on.) Until we see volumes in the 2 or 3 % of shares in issue (so 20-30 million traded) i'd not read anything into small buys. And if the share price does start to move north then id also expect to see a lot of holders happy to sell out at break evens or smaller profits just to be out of what for some will have seemed a very poor investment over time. Anyhow just my thoughts - no advice intended - but for me end of Dec is critical to any increase in Jan and Feb and then Feb production figures should be another key mover if achieved and throwing off enough cash that the accounts in Dec 17 cannot show a loss (unless something screws up between now and then !!)
deme1: Although i can see it now JLP share price Dec 2017 - 70p Bullster "Confetti Colin said we would be a mid cap, long way off the £'s promised" All the while the elite few on this BB would already be sitting on a 30 bagger
Jubilee Platinum share price data is direct from the London Stock Exchange
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