Jubilee Platinum - JLP Stream Log

You are correct trautw, nothing has changed, it's private investors losing patience and moving on. I could have made more money on any number of stocks in the last 6 months than I have with JLP over the last 2 years. I'm not sure about buying more as I'd rather diversify my portfolio than piling too much in to one stock. I wish you well and don't think we'll be disappointed in another 2 years time. JLP will have it's day, I just don't know when.

Nothing has changed in the fundamentals of Jubilee. I am busy gathering some more cash and think it is a good opertunity to top up.

Morning all, disappointing to see the slow decline erode recent gains. Confidence in South Africa as a whole is quite low at the moment. Could be a while now before another RNS comes our way. Let's hope the next one provides some hard financial data showing the true position of where JLP have come financially. All the best idg69

Evening Breezy, LMI are dropping like a stone and I'm glad I'm not in it. They wiped out private investors BHR style with the last placing and then did a share split. They then went from 40p to £2.40 and have since fallen back. If we think the dilution at JLP has been bad just look at what LMI have done to their investors not once but many times. I think we can count ourselves lucky to be in at these levels with the future JLP have ahead of them. I can't help looking at that SOLG 12 month graph though - 3p to 46p in pretty much a straight line and still climbing, why wasn't that on my watch list. To think JLP could do that would be life changing - oh the thought of it. We can always dream can't we. Enjoy the sunshine my friend and wishing you well. idg69

Hi idg69 Had a great bank holiday and i hope you did to. I would be a very worried man if i was invested in Lonmin as they could come to shareholders to bail them out again.As for jlp you are right we need finanials to show the market we are earning serious cash and they will than re rate the share price. If it drops to 4p i might buy a few more as this will come good very soon.All the best breezy.

Hi Breezy, hope you had a good bank holiday weekend. The news is pretty positive from the webcast but I'm not sure they're a good idea - they certainly don't help the share price, they are restricted to what they can say because of market sensitive information and raise just as many questions as they answer. They should spend their time on producing timely, professional and accurate RNS's backed up with some financials from time to time. The markets like numbers and positive ones, not Colin Bird sat on his sofa looking frustrated. Can't see a long term future for Lonmin either, they are burning through cash with no profitability in sight. This would certainly cause ripples in the platinum market. Keeping the faith and staying patient at this end. All the best my friend. idg69

Well since the webcast we have just gone downhill and i dont know why as i thought the webcast was ok and the future looks bright for JLP.I will keep on holding as i think patience will be rewarded. Good luck all jlp holders.

What this team can do on the ground from an operational perspective is impressive but they lack the professionalism of a mid cap publicly quoted company. Not so much Leon, he's just uncomfortable in front of a camera. CB sits there with his arms folded in what looks like his own lounge and comes across terribly frustrated as if the share price is not his fault, which I accept isn't all down to him as the junior miners have been decimated over recent years. An institutional investor looking at this webcast isn't going to put his hands in his pockets any time soon. They need to sharpen up their front of house presentations to the markets and be more professional. If they want to be a mid cap company start presenting and acting like one. That said there was some positive stuff in there. Shareholders shouldn't expect any financials in these webcasts, it's never going to happen and they should accept they can only talk about operational stuff and even then not market sensitive stuff. idg69 still holding - over and out!

All sounds good but why as the share price dropped.

JLP need to be really careful with their arrangement with Lonmin. They are not in a good place financially and we could do without taking on any bad debt having worked so hard operationally over the last 2-3 years. A sale is not a sale until the cash is in the bank!