abbey
2007-03-15 04:43:15
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answer #1
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answered by Anonymous
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Either do an index tracker or a self select ISA, that will avoid you paying any high management fees. I am going to be getting another self select ISA before the end of the tax year and investing another 7000 in Jubilee Platinum. You can have them in your self select ISA, and they are predicted to go to over 2 pounds a share, about a 300% increase.
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Tom's Tip - by Tom Winnifrith of www.t1ps.com
Buy Jubilee Platinum* at 82.25p for your ISA
"Of course I know what I plan to put into my ISA – it is the Unit Trust we plan to be launching shortly at t1ps.com – if you want details of this sent to you please send an email to tom@t1ps.com and I will ensure that you are notified. But if you are unwise enough to ignore that option you could do a lot worse than buying Jubilee Platinum (JLP) at 82.25p.
I should say that I first tipped this stock at 17.75p so t1ps.com members are already well ahead. But it has the merit that it is an investment you can buy and tuck away sleeping soundly – ideal for an ISA. (It is also an interesting anomaly in the context of ISAs, for it is an AIM-listed share. AIM-listed shares are not normally eligible for inclusion in an ISA. However, as a company with a dual listing on the Johannesburg stock exchange you CAN include Jubilee, or another company with a dual listing on a recognised exhange, in your ISA.)
Jubilee is a mining exploration company which has four principal attractions:
1. It has a cracking management team. CEO Colin Bird is a wily old coot. Exploration manager Andrew Sarosi is a chip off the same block. These are not brash and rash young men but mining veterans who know what they are doing and how to maximise shareholder value. That is something of a novelty on AIM. Yes this is AIM listed but it is also listed on the JSE and that dual foreign listing means it can be put into your ISA.
2. At Tjate in South Africa Jubilee owns a 49% stake in a Platinum Group Metals (PGM) prospect which clearly has a vast resource and which is adjacent to 2 existing mines where major mining companies simply have to add to their resource. At some stage Tjate will be bought and recent industry transactions suggest to me that the takeout price will be 120-170p per share.
3. In Madagascar the company has vast acreage and has farmed out a number of its properties so that larger companies carry the cost of exploration. Jubilee has a free carry. Initial drill results from a number of these sites suggest the company could have a claim on a number of properties containing PGMs, Nickel, gold and copper. Exploration is at an early stage and so all these properties need to be heavily risk weighted but even so I'd value them now at roughly Jubilee's market capitalisation (if note more). As exploration success continues that risk weighting will fall and so the value will rise and it will rise sharply.
4. Cash. Jubilee has net cash of £5 million. That is more than enough to cover both its corporate overhead and any exploration costs which it needs to bear on its properties which are not joint ventured.
This is a stock to tuck away. Exploration progress in both South Africa and Madagascar continues steadily. Meanwhile there is bound to be corporate upside in both countries. Jubilee is worth a minimum of 200p a share and is therefore my ISA buy for 2007."
2007-03-15 14:23:51
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answer #2
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answered by MrFinance 3
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Self select your own shares and avoid horrendous professional fees
2007-03-15 04:48:14
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answer #3
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answered by trumps 1
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Cash or shares?
2007-03-15 04:42:13
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answer #4
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answered by nikki 3
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hey mate, forget all the comments above check out this w.w.w.bestinvest.co.uk............
should answer your query and more
best of luck!
2007-03-16 00:22:17
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answer #5
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answered by bluecow 5
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