We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
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.
Are you sure so it’s because of more dilution then . Wow being dumped at any price this now . MARKET ALWAYS KNOWS
Go look at TR1 from January
What evidence do you have that Salter is selling......... Jubilee Websites says he still holds his original investment of 271,463,789 shares.
Slater didnt sell, the TR1 was to relfect the issue of new shares from the old warrants - his shares were unchanged.
I'll keep the windows closed and will only open in a 12-18 months time, when it will be far more notes coming out.
Just drive down the motorway with your window down and throw the notes out as you go.
If you go fast enough and have the back window open too then you'll see a better return than here.
Sorry, I think your record's stuck.... sorry squire, scratched your record... sorry squire, scratched your record... sorry squire, scratched your record... for those old enough to remember that.....
I will be buying once again tomorrow, once I can buy into my ISA Account with the £20K 2023/2024 allowance. I never thought I would be able to buy so many shares at such a low price for my ISA. Now able to buy twice as many shares as I did last year for the same amount of money. What an opportunity this is to buy these shares at such a low level, with all of the future production opportunities and an expected rise in the PGM basket price over the longer term.
Not looking hood still constant selling today . I think trust has gone here for now. No news is bad news in a mining stock. Looking to hit new lows here now.