Q2 - 2019 results out soon? Platcro pgms? Leon Wake up.
Lift off! I think it was just the overhang holding it back Kalan, albeit with some of the II’s or HNWI’s taking advantage of that, but now the brakes seem to be off and the TA indicators are pointing to more upside in the short term imo. A nice slow climb into the autumn followed by a re-rating when the financials are released in November would go down very nicely in this household. Tot
Lift off! Ties in with 6 monthly reporting - institutions wanting a quiet period to accumulate shares whilst news is limited. Shh - it’s a bargain - accumulating and then from October / November onwards a steady stream of news and JLP in profit.
Lift off! Seems to be a transfer of stock ownership going on here with the large late reported trades today. My hunch is that Miton Fund have been selling down their holding to meet annual redemption requests (as reported on various other boards over the last few weeks). Today’s trades suggest that the rump of their stock has been snapped up by another II or HNWI. If so we might see some more TR1s coming through and an overhang that has been holding back the SP might be cleared. Tot
Lift off! Really need to see some profits in the accounts now, perhaps even some debt paid down… JLP is one of several companies I’m invested in that never quite seem to reach a stable growth position in terms of profit against debt.
Lift off! LOL - dragged you out of the darkness ha
Lift off! Opposite of lift off is lift on. Is it? Fall off maybe. Fall on? Maybe the lift is off because it’s broken? I think it’s more like hold off - no need to buy because the big news is a few weeks/months away - with an element of hold on - those who will not sell until targets are reached (me) the outcome is stalemate with a little rise on news and a little fall afterwards - hold on it may be lift off soon!
Lift off! Think this thread should be renamed lift down (
Lift off! ToT Fully agree. The DCM fine chrome circuit is now contributing meaningfully to the turnover, as 5000 tonnes of concentrate is worth between $4M and $4.5M at current prices, so if we can establish this level as a run rate, then that is close to $50M turnover per year from DCM fine chrome alone!! This is a no brainer in terms of rolling out the same technology for Hernic etc., possibly with equally positive results. Then we have Hernic PGM’s, Platcro and Eland, and that is before you even begin to consider the impact that Kabwe should have from the end of the year. JLP really is now begining to look like a rather large moth which is just emerging from its Chrysallis. Within a few months it will have filled out and in 2020 it should be ready to really spread its wings and show us all what it is like in all its finery! Can’t wait. My shares are remaining very sticky in my hands, and when a property sale goes through in a weeks time, they are going to be joined by at least as many again, as I am completely convinced that JLP’s SP is going into double figures in the next year. glta dkok
Lift off! I concur… but they must have made the investments with at least two likely suppliers of ore; with economics dictating the preferences assuming the sources can’t easily be mixed due to inconsistencies on copper content. I would imagine that they would give preference to their own tailings but we should be told soon. SP uplift will come when the work flows into actual profit figures.
Lift off! Well we still do not seem to have achieved escape velocity despite today’s excellent update. Maybe everybody is waiting for a podcast or an updated broker note but for me the Zambian government’s approval of Kabwe is a massive milestone. The big question is where is all that copper going to come from? We need some clarity on whether they are going to be toll processing for others or buying up tailings or a mine themselves. There is obviously a plan and hopefully that will become clear in a podcast. In the meantime we are stepping up production of PGM’s just as prices are starting to skyrocket. I think we are in the early stages of a new supercycle in various commodities and JLP should prove to be one of the big winners for the patient investor imho. Tot
Lift off! I’ve been out of VRS for a few months now Kalan - I think I mentioned it on the VRS board. The political situation with China isn’t all that good and I wonder, after the change in govt, how long the DTI will release their guys to Neill. All those MOUs etc and not one contract has me worried however, as ToT said, once they get the first contract running there will be a scramble for the shares.
Lift off! Hi Kalan, The VRS chart is very ugly and I’ve been unloading my holding over the past month or two and adding HOC, BLOE, JLP and others. As I see it the neckline hasn’t been breached yet but it is very close and only a large commercial order will save it from freefall. That could well happen in the near future imho and then there will be a massive scramble to get back in, as others will surely follow. JLP is looking poised for a breakout now imo despite only five trades this morning as there are five market makers bidding for stock and only one on the ask, so there must be significant orders in the system imo, as it’s been a long time since we’ve seen five MMs competing for stock here. Total bid size @ 3.20 is 1m compared to only 150k on the ask @ 3.40 yet some PI’s are still selling. You couldn’t make it up! ATB, Tot
Lift off! A bot of an off topic here for Jaytee and ToT - don’t know if you are both still in VRS but to this very amateur chart reader there appears to be a massive head and shoulders pattern there with a break below the kneckline having occurred. This indictates that the share is heading all the way back to the 13p area. Now this doesn’t seem to add up with reality given the progress the company has made and I am probably misinterpreting it. Just thought I would run it by you two away from any VRS boards where my post would be set upon as a deramper I am sure. It would seem as though the share is entering a bargain territory but I am wary of the above mentioned pattern - any thoughts?
Lift off! Here’s hoping ToT! I think there has been a bit of backroom order filling and I suspect that further ii investment has been going on mopping up shares from any frustrated pi shareholders, or those traders that had got in expecting further rises on the recent momentum, but that have decided to sell and invest elsewhere in the normal herd way. Either way, there does seem to have been a little bit more of a tick-up in the second half of this week, so hopefully you are right and there is news on the wau next week to get the momentum going again. Whatever, the ii’s aren’t having my shares on the cheap, they can pay the full value in a year or two, when we are in double digits. glta dk