brand new updated broker note [link]
Lift off! A bit of both I think DD. Placing now fully absorbed and sentiment also improving on the back of rapidly rising PGM group metals prices, but an ops update is expected shortly too. Perfect storm if that suprises to the upside. ATB, Tot
Lift off! JLP is steadily climbing back up again, after the decline due to the last placing. Is there any news due to account for the recent rise, or is it just sentiment turning more positive again ? DD
Speculative Buy Hi Ripley - first bought JLp for about 9p in around 2009 and it shot up to 68p on Tjate mine progress. Been in and out but mainly in for the past 10 years - building a stake until it becomes overstretched and then top slicing or selling up. Had 3 major leg ups over the 10 years. The company is totally different now with re-working tailings with the benefit of conroast technology. The future looks excellent - currently pgms but diversifying into copper, zinc, tin, vanadium and lead at Kabwe. Totally sold out at the time being after the last spike. Looking to get back in when the bottom is ‘apparent’ which it never is for certain so will average in. Quiet period and sp killed off by boards addiction to placings. Healing time needed IMO as sentiment is damaged. Good board on LSE - lots of ex ii board members and none of the blatant recurrent ramping of other er um boards.
New broker note So is that the real reason for the recent placing then I wonder? Anyone know the identity of the elderly gentleman standing next to the Minister ? And before anyone mentions it… I do realise that’s CB on the other side of him.
New broker note LusakaTimes.com – 1 Dec 19 Zambia : Investors in the UK need to know about Zambia’s gold Lusaka - Zambia: Minister of Mines and Mineral Development Hon. Richard Musukwa has said that Government is confident that gold mining in Mwinilunga and other potential
New broker note I must have listend to the wrong bearcast then. Can’t disagree with what he said about junior mineral explorers in the one I listened to, but I find his overall tone and character pretty nauseating.
New broker note Nothing new to report from Tom’s waffle. He repeated the point about the timing of the placing which numerous bulletin board participants had already made and that it had shafted some who had bought at 4.7p straight after results announcement. Fair enough, but he seems to have a gripe with Colin as he made him look a fool a few year’s back over a placing. Yes placings can create an issue of trust, but this one was done for the right reasons and for anyone who had done proper research was not totally unexpected as a potential cash squeeze was developing in the first quarter of 2020. That was it. Nothing about the remarkable turn round story that appears to be developing here, or anything of substance. As it turned out a waste of time even bothering to listen to his comments on Jubilee , and I am in general a supporter of Tom Winnifrith and the work and his writers do on the Shareprophets website.
New broker note You don’t have to be a member to listen to it but whilst the arrogant pri*ck and failed fund manager waffled on ad nauseum about junior minerals and oil explorers I could hear no reference to JLP. On the other hand there were some nice late reported buys this afternoon including the three copied below which are shown as sells on lse board, but if you check the spread at the time they took place and the trades just around them simply have to be buys, and that explains the tick up just after they took place. 18-Nov-19 15:20:39 4.10 500,000 Sell* 4.05 4.15 20.50k O 18-Nov-19 15:20:33 4.10 500,000 Sell* 4.05 4.15 20.50k O 18-Nov-19 15:19:12 4.10 600,000 Sell* 4.05 4.15 24.60k O Hopefully we have seen the bottom of the pullback today and might see a bit of blue sky tomorrow. Tot
Hi idg69 Hope you are stil still in AFC as they have gone through the roof in the last two weeks and Fum as recovered well to.Its still not to late to buy in to JLP again as i think next year shareholders will be rewarded.All the best breezy.
New broker note ShareProphets FREE Podcast: ShareProphets Radio Edition EIGHTEEN with Tom Winnifrith: stick... There are no guests in this week's show which is sponsored by Open Orphan PLC (ORPH). It is just me and I start with the tale of Lyin' Chris Cleverley, the lying fraudster cousin of Tory Party chairman James. Lyin' Chris runs listed companies and... apparently JLP are mentioned in the first 11 minutes, I am not a member to cannot listen to the podcast
New broker note Couldn’t agree more Gotreal. I’m standing firm here in the expectation that positive sentiment will return upon the next RNS and the next leg up will commence. The company will not want to go into the AGM on December 6th on the back of a falling share price, so I think some news can be expected prior to that, probably in the form of a comprehensive update on the Windsor project. We should also get a TR1 form sometime this week confirming the identity of our new institutional investor. ATB, Tot
New broker note For those who have been here for some years and hold some stock bought in the 7s, as irritating as the latest dilution is I am not aware of another opportunity like JLP, currently. What they have done is classic business development through cautious upfront investment in the belief that the business model is both sound and hugely profitable. Now generating net earnings, the risk of the initial investment has been removed and its payback time. The 30 minute video here [link] gives a brilliant insight into the business and its strategy and I have to say that Leon comes across as such a credible character. With a recent oversubscribed offer it seems the city is now waking up to the potential. All we need now is a recognition reflected in the share price of just what the future earnings potential is and how it should be valued bearing in mind that with many of the new tailings streams the only cost is the variable one associated with the increased throughput as the capital costs have already been accounted for in the plant. What multiple do you ascribe to a low risk business with a high barrier to entry in its marketplace and up to 75% margins? It’s a cash cow.
hi does anybody remember how long it took them to get the FC plant up and running at DCM
New broker note That was so much better than the Director’s Talk interview. Just added some more at 4.199