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I was happy for the share to fall pending news, as I was going to buy more now I am finally in the green/blue again.
However, I just bought some more oil stocks (sigh) with my cash float.
I might need to liberate some cash from somewhere else for a JPL top up pre the next set of news
Jonah
Hope your ight in a positive way! I tend to broadly agree, if thereis an update before results I think it will be in relation to securing resources rather than project updates. IMHO upside potential to SP here is bigger than on any other share I can recall.
Impatiently waiting
NtD
There's so much going on that it is difficult to believe there is not something JLP have to update the market with - but that mey actually be the case. We will get a regular update from Inyoni in November, so that can wait a bit. Roan will not yet be commissioned. It could be all quiet on the eastern front. Elephants trundling along. The BoD will want to update us on Cyprus when a decision can be taken on whether a JV is feasible or not. The trenching studies there are still on-going and the Cu grades are only (potentially inaccurate) estimates.
I'll go out on a limb and predict our next RNS will not be about any of this, but something unexpected!
Mike, I do not disagree with what you say and I suspect that all lths also substantially agree with all your entertainingly written comments. I also wish JLP would provide more frequent updates, but, absent any wish by JLP to raise funds, I do not much care what the share price does until the next RNS because I am in it for the fundamentals which should drive the price forward in the medium term, as JLPpos says. I just wonder whether the very frequency of your posts in the same vein could itself engender suspicion in some people and cause them to crave the reassurance to which you refer. Whatever, the fundamentals should prevail.
Mikie, I think the short term requirement is for news on Copper going live which then provides a substantial and very long term new income stream. PGMs will go where they will!
Gentlemen, I believe there are several factors why the share price is trading below its highs. Firstly PGM’S are in the doldrums temporarily whilst the chip shortage sorts itself. Secondly the market is confused, there have been major upgrades at Inyoni with no results yet. Due to the upgrades we saw production at Inyoni drop in the second half of last year compared to the first and finally a lack of news to reassure a confused market. This is all very temporary in my view and when it sorts itself there is going to be an almighty re rate here. Firstly I believe we will start to get news, reassuring people. Secondly this news is likely to show Inyoni has been a big success and we are on target for circa 70k oz per year with lower costs ( no Windsor), improving dramatically on previous position. Thirdly PGM’S will recover substantially more than they have and the release of news will make the garden look very rosey. But in addition to the above we will have copper and cobalt news flowing through as well, which will signal to the market, substantially more profits coming! A major re rate is on the horizon. Chrome May even be interesting this year in its own right. Lots of other news to come as well keeping up interest. But the real game changer will come towards the end of next year, when the elephants and cobalt feature heavily, but in the meantime looking for a significant re rate as per the above shortly.
3Cardbag, the manipulation seems the same on many shares I have invested in. When it becomes obvious that the company is likely to succeed, i.e. the risk is removed, the SP also seems to get held back or even hammered. I have always assumed this is to let the 1st class institutional and HNWI's onto the train well before the destination is reached!!!
OD
If only that were true Mikie. All that happens every time we get these news blackout drops is that the sp then creeps up a bit on news but never to the highs seen last year. Clear and blatant manipulation
Whilst I agree with you MS, the quicker the rise the more volatile the share becomes, which plays right into the hands of the traders and timing of deals especially when money is being raised becomes critical. There is no reason why the money raised in the previous deal couldn't have been done at 18p or more.
I agree the fundamentals will drive the price higher over the medium term.
The longer this consolidates with a news blackout, the bigger the rise when news lands. I feel a lot of news will arrive with the end of year accounts and statement. Only days away now. This could open the floodgates to a plethora of news, waltzing the share price to another level. I firmly believe in this because the fundamentals dictate this!
Just feels like a drop for someone to load up .