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.
Jubilee Platinum (JLP) yesterday announced that is paving the way to greater things by disposing of non core assets and updating on the PLA acquisition. Leon Coetzer, the CEO, stated ''The Transaction brings together strongly complementary assets forming an enlarged group consisting of operational mining and processing assets.'' The shares now trade at 7p valuing the company at £25 million – the year low is 5.375p and the year high 13.5p.
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