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Got Real, i dont blame anyone but me for holding when I shoud have sold, I dont even mind you ramping and being really positive about the stock - in fact, I encourage it if that is your genuine belief and actually, appreciate your often informative posts and indeed views (on the share). But equally, I want to hear and debate the counter agruements, concerns, curve balls etc. What annoys me is when attempts are made squash, embarass and scilence others (and admit I they then respond in kind). As you say we can all make up our own minds. The aim is to make money, right. Some will buy and be happy to hold I guess and have probably never looked on here. Regardless, I genuinely dont think it makes any difference to the share price (what we say on here) but may help those of us more active to be in and out at the right moments or to our levels of risk. We are all presumably here as we think the share may have legs given its near the low, be it now, in 6 weeks or whatever.
If you only take a position in a stock always expecting to profit and then blame everyone else when you don't because you can't accept the reality of every day occurrences, more fool you. On the other hand when you invest in a company you are taking a conscious decision on a long term strategy and accept there will be unforeseen events that may negatively affect you but will probably be temporary and so you weather the storm. Have you seen Slater liquidating his holding? No, he has simply added on weakness, as long term investors do. However, even those with a long term view are liable to object when there are some that deliberately act, deviously, subtly, slyly, for whatever their agenda may be, against the best interests of the company and investors by trying to undermine sentiment toward it as an investment. It is worth a pause to think, which I imagine everyone is guilty of not doing, me included at times, about just how difficult it must be running such a large business, employing well over a thousand people, let alone one in Africa, split between two countries, with vast distances, poor logistics and infrastucture and dubious politics and business practices and all the things that can and do go wrong operationally, strategically, politically. Yes, difficult enough without agent provocateurs and armchair CEOs with their own agendas and little actual knowledge attempting to undermine your efforts. Therefore, to the latter, do not be surprised if the reaction to your activity is hostile.
Gray1, similar postion here. I am up on JLP however (over a long period), at one I was VERY up! Sadly like you, I held at 20p and downward, in fact bought some more at 17p all carried away with the hype of new highs - I guess partly explains my aversion to rampers now and why I started posting (initially pure frustration at the downard path from 20p). Suffice to say I learned a lesson here. I still hope to recover my jlp profits, but with a much more cautious approach. For clarity I have a largish portfolio and this is my more speculative pot.
Mardei,
'whom got reals m,any faces bullied off the board disgracefully and seemed to take a sick pleasure when another share Bushy had fell. They were like a pack of dogs.'
So that's a dig at Gotreal, but also a dig at several other regular posting members, around 5 actually including myself, who he falsely claims are sock puppet accounts for Gotreal. It's attacking with inflammatory language and repeating false claims, both of which are likely to engender an annoyed response.
It would be analogous to me saying something like (and btw I don't believe this in the slightest, I've merely reversed the comments and implicated the more negatively disposed posters)
Look at Kalan, Gray1 and Heroric, all supporting each other suddenly when 2 of them allegedly don't even have a position. They are like a pack of dogs attacking anyone who disagrees with them, disgracefully hounding others with abuse. They are all the same person anyway just promoting their endless pathetic deramping attempts.
If I put that would it be inflammatory? Yes. Would they likely respond and argue? Yes, of course. Is it true? No. That's the issue with what Heroric just posted.
Frog I agree Bushy was odd, but much as we all scoffed at the warnings, Id be a lot wealthier had I listened! Yes Hum is a car crash but I dont enjoy seeing people loose money - even got real :-)
Ardbeggar. I am lost. Why do you think it could be considered inflammatory?
Herororoic, can you do me a favour and step back for a minute and read your last post and recognise it was inflammatory and likely to cause reaction and argument? We're talking about trying to stop all that and have proper discussions and there you are lighting fires again. Discuss the share please, all you want, but let's not relitigate or try to settle scores from months or years ago. Can you do that?
No Ric, Bushy was a complete idiot. Look how HUM worked out.
I posted previously Heroric the mistake I made was not selling half of my holding when it was 21p as I believed the copper tailings strategy partly my fault I was greedy and partly JLP as they failed to deliver on it.
Having said that when it dropped to 5p or a little higher. I would definitely have bought it all back purely on the success of the chrome and then would consider the new copper strategy to be a real bonus.
It is investing everyone is different. Kalan clearly stated his strategy in a previous post. I think frogkid buys and sells but has a large holding that he is in for the long term (correct me if I am wrong frogkid).
There will be many long term holders both in profit and underwater. Whether I lost all my stake here doesn't material affect me but I would like to see a substantial profit just like everyone does whatever their investment strategy.
No big deal to me you are out at the moment. If you are happy to let it drift to look for an opportunity to get in your choice but if they announce Roan is up and running and you miss out on a rise your loss but if that makes you and more people more confident of investing then that's fine. Nothing wrong with being cautious on aim I have both benefitted and been burnt on aim shares in the past. No-one gets it right all the time.
Kalan I wouldnt sweat it, i learned the hardway not to be tricked into things by gotreal et al and there buy buy buy mantra regarless of when, current sp or news. As I said, I am also out now (lessons learnt from holding when I shoud have sold or buying into the ramping. Personally, I (and I suspect others) would have done a lot better here had they heeded Bushy's warnings - whom got reals m,any faces bullied off the board disgracefully and seemed to take a sick pleasure when another share Bushy had fell. They were like a pack of dogs. YES at the moment I expect the price to fall back a bit due to the delay though think 5.5p was the bottom. Longer term I think there is money to be made IF they deliver copper and dont them immediately jump on some other mass project or pivot, sucking up all the money (as they often do) resulting in it stayting jam tomorrow. I dont think that makes me or others a bad people. Its called investing to make money whcih is kinda the point. Fighting the tide and deynying relality in the hope of duping people to buy when you know fine well it is likely to have a lull doesnt sit well with me tbh.
I see Kalan wants in at a lower SP
Frogkid,
You have far more skin in the game than I and are perfectly entitled to your opinion. No company in history has got it right and it is important to learn from their errors.
One example with JLP that gotreal posted yesterday regarding how they have anticipated water and electric shortages in Zambia. They learned this from not having it in place for Inyoni in South Africa.
Chupapie,
You are right the constant accusations of lying etc does the board no good. I would never call anyone a liar mainly because they may be mistaken, misunderstood or I maybe and in the future they may turn out to be right and I am wrong. No one is infallible.
I want to hear others opinion whether I agree or not and no-one should be discouraged from posting theirs. if abuse is in a post I tend to not take that post as being too meaningful and ignore it.
I believe JLP anticipated a potential cash flow problem when they did the raise for the extra cash they needed for the new project. They probably expected a potential issue in Feb, Mar or Apr when the bulk of the cash was needed. We will never know it is sensitive information to the company and rightfully so.
I think they knew this but also knew in the 4th quarter that Chrome was starting to really pile in the cash. The delay actually helps them as they are probably now stockpiling cash particularly from Chrome for the ramp up in May.
It was good business. They needed it quick to take advantage of the opportunity presented with IRH. All my opinion of course.
I have worked for a FTSE 100 company directly reporting to Operations and Finance directors different for them as they usually have plenty of cash flow or an easy access to loans. JLP didn't have that so did a book build for quick cash. The response to that was very good.
We are where we are just waiting for the Copper ramp up. Then I will have more figures to play with.
What negativity gotreal. Honestly. You are like one of those obsessive evangelical preachers. The only negative I have expressed is the Roan delay, which is months beyond schedule. I was trawling back through RNSs related to this and in early February it was announced that all was good, testing complete, dismantling and shipping input to happen, no mention of further delays. Of course I could be confusing the multitude of projects. I am easily confused. I am confident JLP will make me plenty if money but it foes not mean I have to look at Leon all dewy eyed with my tongue hanging out. Mistakes have been made.
I think the JLP board have rather more to concern themselves with than a few emoting PIs on a BB, Frog... Their toes are safe.... but you are shooting yourself in the foot by promoting negativity.
DBH, dont play into his hands. Hes just getting you to keep going over the message he wants displayed. Everyone will read the posts and see him for what he is and his supporters.
This is what you said you illiterate “ Don't think they will run out of cash after hat las placing before the end of June”
Kalan, Gray, etc. Please do keep posting. I believe it is vital we don't all blindly follow the happy clappers and continue to question the board. Keeps them on their toes.
Dbh has pulled me up for saying this. Mikiesunday leaps in to castigate me. Gray1 now has to distance himself from my opinion on this, quite rightly.
The only problem is I DIDN'T SAY IT. dbh made it up. I said it wouldn't be a problem due to the placing. Others have said the chrome production would hav cash flow covered anyway. Different opinions. Both could be correct
I DIDN'T SAY IT dbh so the ho erable thing would be to apologise and retract it.