Member Info for Bluebelly

You beat me to it.
Is an RNS logged??
Are you a believer in the 1 trade signal?

BB

The 39m & 5m trades were listed and then notified as cancelled 15:50 & 15:49.
The trades wee replaced by a 44m trade at 15:50.
Could have been a buy or a sell worked through over a few days.

BB

Final statement says ' A landmark agreement for JLP which will likely transform the economics of Hernic, boosting
revenue and earnings as well as providing significantly more control over tailings feed. We will
incorporate the changes into our model once further details are known and republish forecasts
once we have received updated guidance on all JLP’s projects. Hernic will be renamed Inyoni. '

BB

Posted by Positive 14 on Fri 25th Oct.
http://jubileemetalsgroup.com/wp-content/uploads/2019/10/Shard-JLP-25-10-2019-.pdf

BB

Thanks Jammer1. If that comes back into play, or if it is already, the rest of JLP's assets are valued at a mere £38m.
This is massively undervalued.

BB

Mcap of £19m and massive resource close to China. Worth Billions to the right company on takeover.

BB

I'm happy to have a large stake (for me) in JLP, where any other stock I would feel more uncomfortable. I have followed JLP's story for many years now, missed 1.2p buying opportunity but got in around 2p in 2015 - Middleburg era. Then the slow change to a tailings specialist and maybe a market leader in that area. AIMHO

BB

Tjate must have some value on our balance sheet now, not sure on the percentages regards the 4/6E PGM's. A £200m+ mid tier mcap wouldn't look out of place here. All news dependant.
Some poor folk have paid 3.95p for EUA, already showing a 20% loss. May they'll recover and make money. Too risky for me!

BB

We are at a 2yr low DB, I agree buy low & sell high.
How many have you brought at this low. I was a week early, with 2m at 0.37p, might add another 1m, decisions, decisions!
Good luck Troajan, this seems a lot higher risk than JLP, so will leave my main holding there.

BB

I agree, they would be forward sold. To make sure they cover a further drop if production is poor and SP drops.
Risk rewar looks very good at this level however.

BB

A placing to cover the £2m investment. At £21m mcap, we would need to see 10% dilution. The SP has already fallen around 15% short term.
If they issue 600m shares at 0.3p, the investors in the placing would want to see 0.45/0.5p, so it would be worth investing at this price.
Personally, I can't see the £2m at 0.5p investment happening, who would? Why have 6% of the company when you could have 10%?

BB

£100m mcap.

Only on the AIM, can a stock be so undervalued. 1300% rise.
I can confidently say JLP won't do that, but happy to hold.

BB

'Phase 1 of Kabwe will fund phase 2 and then we will be self financing.'

Already happened at Hernic with the $5.1m payment from cash reserves.

BB

Apologies for the OT
Mcap peaked at £75m a few minutes ago.
Amazing rise purely on news of warrants being exercised.
Maybe some of JLP's warrants will get exercised and we will see a decent rise here.
Still happy with a slow and steady increase here after the last couple of years.

BB

EUA now £66m.
May overtake us shortly.
JLP at £78m, with quite a lot of revenue/profit coming in.

BB

EUA mcap is now £54m.
There has to be massive upside here.
I guess a few will be trapped on a spike.

BB

Oldskool, the sp predictions are just that, predictions. His statement appeared quite specific, as if it was unknown information,. It wasn’t odd that I asked for a link. My SP prediction was a total guess by the way. Don’t use it as investment advice Oldskool.

BB

Strterfotten. Any links to clarify your statement. You have 3 recommendations for that post also. Is that from others in the know?
Doubt it, trying to drive this down before the news arrives.

BB

0.55p

BB

Kalan.
Thanks for the input. I would take a small punt on GLR below 0.45p. I was going to buy, but cash became available after the rise. There looks to be some good upside there, but more risk and a while to wait for the income.

BB