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Well, after todays drop we are in the same support level area as 13th May. Will it hold? All we need is those yankees to say we were worrying for nothing and all will be well, and kick the Nasdaq up again. Wishing I'd sold more at 21p.
Thanks again people, some good advice and good reasons to hold and keep holding, the future looks bright for JLP, and from what i can see more upside to come.
Forseti. I can fully understand why you might feel nervous at a 20p buy in having previously held at 2.5p.
My own average was 2.6p and having recently sold a load, my remaining shares are a free carry. But even though I have no intention to offload more at these prices, I still see plenty of upside although would not wish to accumulate now.
Forseti....where in that article does it point to the price going lower?
The following 6 months should also keep the momentum going with
1) A full 6 month period with the enhanced processing capability for Chrome and PGMs
2) The 2nd Roan concentrator coming on stream giving more visibility to the market of the eventual earnings contribution
from copper
3) Possible guest appearances of Cobalt and Zinc
4) Elephant 1 is due to start construction in August
5) Possibly construction starts in Cyprus
There will almost certainly be other left field news as Leon seeks out other projects
Got to say I read the article and to me it says that JLP is currently at fair value 20-25p (same as WHI & ST) Chance to kick on with new news to 33p. I read it that, it would need to drop to 13p for the company to be seen to be in trouble.
Great summary of the current position JLPpos & Shorn. 6-7 weeks to FY operational update which I think we are anticipating will be significant.
in my view when do ever see one of these articles saying buy buy buy, more often than not they sit on the fence, if they get it wrong in a positive sence so what no ones going to take them to court over it, I wouldn't base any decision on what any of these articles spout out at this level SP, did any article say what a bargain JLP was a year ago.......the answers tells you all you need to know
JLPpos, don’t forget the zinc plant at sable, due to come on line q3/4, with lead and vanadium following.
OK thanks guys, at least its back on my radar now.
As an aside people may or may not be aware of this ITX (its not a miner)
DYOR
GLA etc etc
@Forseti
Firstly - DYOR. Whilst I am not giving you advice on what you should do, the following may be relevant in your decision making process :
1) The chart is just a chart and takes into account only certain aspects of the Company, nothing of which, in my opinion represents a reflection of the Company's operational performance.
2) The Company over the past year has transformed dramatically over the last year into a significant cash generating Company.
3) The six month's operating results reflect the best results the Company has achieved thus far, all in a year of Covid restrictions and country lockdowns.
4) Increased production should be achieved in the current six months due to more activity, the commissioning of additional increased plant at Inyoni as well as increased fine chrome due to the reallocation of that plant.
5) These current 6 month's will reflect not only substantial increases in PGM basket prices and chrome prices, but also bring in substantial monies from Copper and possibly cobalt. All these commodities are in high demand and prices are likely to stay lofty for a period of time.
6) Project Roan, now in operation will add significant earnings once fully operational within the next six month period after the June y/e. The Zinc circuit should also be commissioned during that time. Then we have project Elephant, named that due to it's sheer size. Add the possibility of Cyprus into the mix (new exposure to a new region).
7) Significant institutional shareholders have resulted and will result in less share price manipulation and fluctuations. The reason I say this is because despite approx. 2.5 billion shares being in issue, they ought to be more tightly held.
8) The share price is extremely cheap based on expected earnings growth.
9) Leon Coetser. Under his leadership the Company has been transformed from a chrome caterpiller to a platinum Rhinoceros and herd of Copper Elephants.
10) You don't have to listen to me - My username says it all.
@Forseti
I am not a fan of how JLP was described in the article.
However, answering your question the reason i am not selling my c3m shares is the same reason you may want to consider buying back in - obviously DYOR :-) headlines (note that there are people on this board far more aware of specific detail)...
>Macro economics support PGM & Cu bull cycle
>JLP is making sustainable / growing revenue & profits
PGM production growing
IP on the recovery process which is transferable to other countries
Mining resource at surface de-risked and open to finite testing
More copper recovery coming on line in large projects this year and into next with further growth
Large guaranteed source of Copper tailings
Potential JV (Caerus in Cyprus) assessing 16 locations for Cu recovery
I am sure i have missed out other points - but i am holding for at least 2-3 years...
IMO ATB Shorn
Yes you should consider a return to JLP (did you expect a negative reply?)
If we park uncertainty around sustaining the metals price, JLP has huge organic growth in output underway and as such revenue and therefore profits should continue to increase. Furthermore, on the risk side, the processing is typically less expensive than that of miners as the tailings are at surface and due to ESG our product should be preferred to others.
So in summary, with revenue increasing dramatically as new projects come to fruition, even with a drop in metals demand and price, JLP profit should continue to rise as the new revenue streams impact outruns the drop in profitability. At the forecast p/e (less than 3 i think) this growth is not in the price as yet and hence the downside is lessenned.
All imho, dyor, not advice, etc
NtD
Morning Peeps.
A couple of years ago i was a holder here at around 2.5p a share which I unloaded.
This morning i was reading my way through the moneyweek and in the 'if only i had bought' section JLP.
So my question is should I come back in, I've had a look around and it looks OK, then I saw this.
https://www.ii.co.uk/analysis-commentary/analysis-ferrexpo-geiger-counter-and-jubilee-metals-ii516039
which seems to be pointing to the price going lower.
Its not a de-ramp by the way.
So my question is should I get back in ... ?
GLA etc etc.