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Current holds and targets Monkey.
FRES - 930
CEY - 125
HUM - 70p plus (2025 exit though)
AVCT - 150 (could go higher it's crazy when it moves)
Silver and gold are both trading in contango, so until that changes, it should be the only place for a commodity investor.
I wouldn't buy JLP until Leon proves the copper and cobalt, cash position is terrible and if he doesn't pull it off this year, they'll be a placing at best or serious questions about it
being a going concern. If one must touch a pgm producer atm then I'd be looking at THS and SLP.
Can't see how copper grades are lower than expected. That one is a mistake / lie.
From the last RNA, "Post commercialisation, expected in May 2023, the Southern Copper Refining project, projected to maintain 550 tonnes of copper per month from Roan alone and 130 tonnes from third party supplies"
Epected grade from the company presentation, "500 to 800 tons of copper per month to Sable
(depending on feed grade)"
Falls within range and no doubt the outlook is set conservatively.
Monkey.
One post in how long!!!!
Go back to RMM
Is that what you plan to do with Humbug Resources then? It’s dropped by more than 50% since you first started posting on it. The irony of lecturing people, many of whom are sitting on nice profits, on what to do with their money, while at the same time being well down on your own investment…. You couldn’t make it up!
it took nigh on 5 years to fall from 19p to 3p and that itself was not even in this decade. If you held from then and topped up at 3p and then held all the way again to 22p and back down to todays levels you are no way putting up any kind of performance to be proud about or at least support further additions here. The market is huge if its selling off then sell and go buy something that isn't.
On a purchase power alone you've wasted your time and money, The market is huge if its selling off then sell and go buy something that isn't.
Yes he could......... if he is a long term shareholder. In 2010-2011 price was in the 30's and then dropped to the lows of 2p. This is when many long term holders averaged down in the range of 5 to 2p, and why they are still in profit today.
Jonah, When did it go from 19p to 3p exactly?
You never in a million years added at 3p after falling from 19p
An informal update would be nice just to see that everything is running smoothly and progressing forward.
Error: I di, of course, mean 'earnings drop' not 'Sp drop' in para2. I also forgot to wish everyone here a happy Easter holiday.
J58
There is not silence on this board, just a dirth of interesting threads in the last couple of weeks.
Discounting the irrelevant 'down, down, down, dog of a share, lol, ha ha ha' posts (and equally childish 'wow! 80p by end of month choo choo choo posts) and also pathetic attempts at manipulation (viz Slater selling/TR1 stuff, which tells us all we want to know about the poster's understanding of the stock market and his agenda), there have been other negative offerings backed up with factual information. But I think there is a problem with these in that only the information that supports the argument is presented - in other words a lack of balance.
An example is the constant reference to a massive drop in earnings per share last year compared to the year before. This is undeniably true. One problem here is the unprecedented spike in the price of palladium and rhodium in 2021. Statisticians would regard these price points as being 'outliers' when analysing price trends. Allowing for this, the Sp drop is not so marked and corresponds fairly well to a regression line constructed from the data Seis has posted. Other factors are at play, of course. Headwinds include inflation, war, lockdown in China, global recession, fuel costs, and a consequent general exodus from high risk investments. Add to this the disappointment of a 6 month delay in copper production, the dumping of warrants and power issues in SA and the slide is easy to understand. We do not need to invoke fundamental problems with our company or its management. On a positive note, Dorfan has highlighted the cushioning effect of the weak rand on our sales which are made in dollars. As a previous head of a highly successful metals outfit in SA his posts command our respect.
Two other posts casual passers by may have noticed refer to directors selling shares and copper grades in our dumps being lower than expected. Just to point out that the latest RNS on director share dealing is the purchase of shares by LC and Ollie. The dumps have been drilled. I cannot put my finger on a JORC compliant report, but the Cu grades are roughly equivalent to those some miners are now commercially extracting - the only difference being that someone else has already dug ours up for us.
A while back there was a gloomy poster here called Kitchens. He rejoiced in the Sp drop from 19p to around 3p. His rhetoric was just the same as some other posters around today. I ignored his advice and bought a shedload, 2/3 of which I sold at 18.5p - the single best investment I have ever made on the stock exchange. And now, I can hardly believe it, , I've got an opportunity to do it all over again!
I have no grouse with BT. It was he who reminded me that the Sp of companies goes up and down (thanks for that insight). If he has made good money shorting this share, then 'well done'. I expect to do the same going long.
Two other
Agreed Dorfan, it’s madness that a company making profits has a market cap. Which is currently less than the value of it’s assets! Anyway the market always finds new ways to surprise, the key thing is to not let emotion get the better of you. I still expect to see a lot of positive news from Jubilee this year. We have agreed terms on the refinery (Chambishi?) and if the tax issue can be resolved shortly I think we will see the announcement of the Mufulira s l a g project after that. The two things are likely very connected with Chambishi having the ability to process s l a g already. This is the richest copper / cobalt resource in Zambia and will be a massive boost to Jubilee once it starts.
seisnav
It is galling that bushy (who is cluttering up my filter site) and shorty seem to get much pleasure in running down Jubilee BUT our day is coming when I expect both to retreat with their tails between their legs.
Everything is working in favor of Jubilee at present and I for one cannot see any more disappointing announcements in the future.I just hope that the company has learned that the faster they announce production figures the better.
What is killing the share price at the moment is the silence. A decent RNS giving updated information is all that is necessary to stop the share slide,
BushyTailed apparently makes profits every day from being short JLP, despite there being no short interest on the register. Very interesting. I wonder why he spends ALL day posting about a share he has no financial interest in. I'd rather be poor than boring, lmao
Are you both the same person.
You both sound like a broken record.
All you both bring is negativity the this forum and by slating the company and everybody that posts on here.
If neither of you have shares why don’t you post elsewhere.
I’ve warned the moderators about shorteverything and BushyTailed posting constantly against the rules of the site but they just let them get away with it.
“ You will not;
post misleading or false statements regarding the share price and performance. Such posts are deemed as market abuse, and may be reported to the appropriate authorities.”
Shorteverything must be pretty desperate here as a shorter as there are no short positions opened currently in JLP stock, giving the lie to the stupid assertions being made. https://shorttracker.co.uk/company/GB0031852162/ and with IG it isn't even possible to open a short on JPG.
Doesn't look like anyone had set their alarm for the new tax year despite the odd post to the contrary yesterday.
Last trading day of the week today too. Talking about being crucified, Leon's desciples don't have much to preach about anymore do they.
The TR1 you referenced was as a result of shares having been issued legitimately and therefore percentage holdings of the new total had changed but their holdings had not.
I think you need to justify and provide your evidence as to why "This is turning out to be a proper scam now ." as legally that is a pretty serious accusation against the company and its managers .....
Who is buying today at these so called low prices . I see silence again from the board . As got nothing good to announce , Just price keeps selling off not good this company has problems in background and the privilege are getting out 5p coming if seller keeps dumping . These amounts each day .
Fingers crossed it’s being dropped to fill orders for new tax year and then onwards and upwards. Trying to stay positive
"Short everything is as usual twisting the facts to suit his own agenda."
Leon has been doing this for years
What is a more realistic share price level, it is still circa 20 times EBITDA earnings.
Perhaps 30 maybe 40 times?
Obviously not a great reader the Shorty. Warren Buffet's take is that the market is always inefficient but of course you know better.
This overhang of warrant share being sold, will eventually end. The share price can then begin to return to more realistic levels. In the meantime, the current share price should give new investors a great entry point and for current investors in Jubilee to add more.
Slater is not selling. The main sales are coming from Jupiter and FIL. Who knows why, could be anything. One of these funds or some other entity has been selling down for months which has caused the current overhang. Short everything is as usual twisting the facts to suit his own agenda.