Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
This week Jubilee Platinum (JLP) has announced a 1.6p per share placing to raise £600,000 “to ensure that no momentum is lost in current business development activities with particular attention to the simultaneous execution of the company's platinum surface processing projects”. We are aware that it was offered more but took enough for its needs and no more. For that we applaud it. The shares now trade at 1.8-1.9 - that is on an offer to bid basis more than 15% up on our tip price of amonth ago. But there is more to come.
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Comments
jay
only 3p??? you should hold for at least 10p before you sell, i would say!!
wildrides
Been stuck in this pot a year or two and now just a tad underwater . Looks like the tide might go right out and I can just saunter out with a nice fat profit . Not often you can say that with lobster pots . So long as the tide going out is not sign of a Tsunami coming !
Marvin
Is this a Dan Stew success story then ?