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"PS: Myself, my wife and our son have all invested heavily in JAY. So, we too are collectively nursing huge albeit paper losses but thankfully we have not invested money that we cannot afford to lose. Also, since we are a close-knit family we talk about the trials and tribulations of the JAY story without getting too agitated by the whole situation. We can only but hope that the JAY story will have a happy ending."
I think you'll be OK but it's more by luck than judgment! And I'm pleased to hear you discuss your predicaments. In future, how about investing in 3 different companies ? For a start, it would make it more interesting and you'd also be spreading your risk. "Money we can afford to lose" is still money which could've been better spent! Good luck!
Have you multi-bagged already or are you looking ahead? Either way, keep holding which most investors seem to find incredibly difficult.
Sold 3% of my holding in ZIOC this week and banked a 20% profit in order to increase my holding in JAY by 123%.
Partly because I see JAY as a multi-bagger and partly magical thinking - I sold another two shares recently just before they rocketed!
Hopefully ZIOC will follow suit - meanwhile I've moved an egg from one basket to another. Reminds me of deckchairs on the Titanic! Meanwhile, it's looking very good for my second-largest holding ORR which continues to go from strength to strength which must be something to do with something happening, unlike here.
Agreed hunniford, so far we're very civil here but I'm sure it will deteriorate! See Monday's comments! I think the more we can compare ORR with GGP and come out on top the better it will be for the ORR SP. No ramping - just facts which will speak for themselves. 2p by Xmas? And the rest.
Up almost 26% on Google so maybe Mr Market has finally awoken?
"With two of our 11 licences in Cameroon now under earn-in agreements, we still retain a significant position in this emerging jurisdiction for gold exploration, and look forward to sharing news of our progress throughout 2024 as we continue to explore in this new gold district." - so 9 more licences to go and if the first 2 should prove to be extraordinary, how much does that increase the value of the other 9? Eventually Mr Market will catch up. Is 50p per share totally impossible? I suppose it depends on the price of Gold which depends on WW3 starting.
Hopefully a proxy war fought in the Middle East so no Western countries are harmed.
Agreed Kutzz, the Lanstead deal is now an asset and not a liability. And still the SP is ludicrously low while Mr Market catches up. Up every day and maybe the selling into every rise will be vanquished forever! How good are these gold grades and how do they compare with GGP's? I get the impression they're exceptionally good yet still Mr Market etc.
"The Greenland ice cap is losing an average of 30m tonnes of ice an hour due to the climate crisis, a study has revealed, which is 20% more than was previously thought." Increased my holding today by 123% - my 0.424p buy was shown as a sell.
Apart from the resident ramper I'm even more convinced I've made a wise investment on the grounds that secondhand will do far better than new over the next few years. I think talk of "peak inflation" is premature and things could get much worse, especially after a Labour landslide at the next election. I'm a socialist who'll be voting Reform in a safe Tory seat.
A wasted vote but at least Reform promises Proportional Representation.
"Then this could genuinely be 1p - 2p in 12 months" And the rest! Chronically undervalued at the moment but not for much longer! Pleased to see mostly daily rises which deters the traders - personally hoping for a 3p takeover offer from a major miner. An SP of 0.24p is a joke! Mr Market, as always, is very slow to realise ORR has turned a corner.
Bear in mind any award will almost certainly be appealed against. See RKH.
Cut Ashton some slack! He and his family have probably lost more than the rest of us combined! Yet another lesson NOT to involve family members in surefire hare-brained schemes - it NEVER ends well! As for JAY, I'm so glad I didn't average down but if it falls to silly levels I'll mortgage my house!
Yes, I know! But I was expecting it to bounce - just nowhere near 150%! My New Year Investment Resolution was to be more nimble i.e. don't just sit on my investments for years on end waiting for something to happen. Instead, sell chunks in order to make a quick buck elsewhere in the knowledge I can always buy back later. That strategy would've worked perfectly over the past several years and I regret not being more bold.
You can come out from behind the sofa - no torrent of abuse materialised! Has dusterinmong finally slung his hook? For all the information bandied here every day, basically nobody knows what's going to happen. Kicking myself for not buying COPL yesterday after thinking long and hard. Could've banked a 150% profit today - Grrr!
Today I sold 40% of my holding and banked a 317% profit. Invested the proceeds in MMAG. Interesting to see which company does best over the next 3 months.
Thought about averaging down here today but didn't - bought MMAG instead!
Still happy to hold JAY after paying 0.72p on the grounds that KoBold wouldn't be wasting their time but WTFDIK?
It's amazing a Director paid 7p in 2022 and 0.53p in 2023 and he's still underwater!
Tempted to change my name to alwayshopingforanimmediatesuspensionofshares - that's what we all want!
Current SP makes no sense at all - it should be 2p or 20p or 200p and not 9p.
Watched a bit of Andrew Trahar on the video and pleased to see he exists!
A £13m valuation looks very cheap. I deal with them regularly and the only time I had a problem it was dealt with brilliantly.
Secondhand is the new future until nobody buys new. I note CD sales are rising while vinyl prices itself out of the market and the quality of the product can be terrible. Unlike CDs. However, as the price of new CDs rises the value of their secondhand stock ought to rise too but they need to get their pricing right.
I recently saved a tenner by buying a CD through Amazon Marketplace rather than through MMAG's website.
It's as if one hand doesn't know what the other is doing. On the other hand(!) - maybe it's a good way to do business?