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Australia's Jubilee Mines Can't Explain Share Price Gain
Tuesday September 5th, 2006 / 11h32

SYDNEY -(Dow Jones)- In response to a stock exchange query, Jubilee Mines NL. (JBM.AU) Tuesday said it can't explain its surging share price.
Jubilee Mines ended with a 5.8% gain to A$9.83, despite a 3.2% fall in the nickel price overnight.
The Australian Stock Exchange asked if it had any information that could explain its rise from a Monday low of A$8.92.
A senior trader told Dow Jones Newswires that speculation Jubilee Mines could become a takeover target is underpinning the stock price.
-Edited by Ian Pemberton