Companies: JLP   

The platinum price has been hitting new highs in recent days, but that has done nothing for the shares of prospector Jubilee Platinum, which remains stuck at 93.5p (compared with a recommendation price here in March 2005 of 41.5p). In part, that is down to the recently announced placing at 89p to raise £11 million. It may also reflect continued selling by speculators who had counted on a takeover earlier in the year.

But in addition to the company’s big South African prospect, the Madagascar property at Londokomanana is looking better all the time. The latest drilling has encountered encouraging grades of nickel and platinum group metals, extending the aggregate strike length from 12 to 16 kilometres and raising hopes that the project could be a worthwhile bulk mining target. Continue to hold.

Jubilee Platinum	AIM	£12.84m	11.75p	1.00p
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Other company articles:
Encouragement for Jubilee			11/08/2008
Drilling pleases Jubilee			21/02/2008
Uranium play joins PLUS			08/02/2008
Prospects delight Jubilee Platinum			18/01/2008
Jubilee drilling extends strike at Londokomanana			16/11/2007