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@Heroric as soon gotreal and seisnav disappear we know there is a bottom. Question is: Will they ever disappear?
Soon there will be a decision, I guess market can't bear another disappointment and it will go much lower, if they follow their well known pattern of announcing only "good" news.
Just in case they surprise us with a RNS JPL could break nasty downtrend with a decisive move north. One or two month patience and even the least informed will know where we are heading.
Delicate messages are written with Ardbeggar account only to keep a clean slate for your gotreal account. Interesting.
I am looking forward to next Q -numbers to figure out how much cash is left and how they actually spent the money.
Bushy wrote back in June/July they need to sell more shares to pay their bills. He was right.
Kudos to the investment banks: nice spin.
@Heroic My wild guess: Seisnav is a paid ramper from WH or JLP. On the other hand does it really matter? Company might be fraud or not, Company might buy only time with nonsense timelines to achieve a) further dilution aka screw shareholders or b) really achieve something.
You have to decide. This company operates in 2 very risky jurisdictions, you have to ask for very high risk premiums aka you need at least 4x to be profitable in the long run. It really does not matter, if share price is up 10% or down 5%, it is just noise.
Even long term holders are entitled to make a profit. Company is already 20 years + in business. Heroic got a point.
It really looks more likely last December has been a media event to sell shares . I hope for my 120 shares I am wrong.
Please point me to the good news, thank you.
Probably already priced in, market does not believe LC. IRH is trying to grab more assets in Zambia. Maybe they are busy to sign another deal and got no time for JLP:
Yeah now we only got super bulls on the board. Sure thing share price is going only in one direction.
It is 50:50, sometimes LC tells us it is 60:40. Copper cathode is not easy to produce as it looks like. But LC does not care too much to make that distinction. He only talks big numbers and forget details. Details unfortunately matter. In our case: big time.
What makes you so certain not so happyday?
Wow. Did they mention who is entitled to receive 22 M warrants? and why?
From the other board: On another note - warrants again. On 29th Feb I sent this via the online form:
Good Afternoon,
Could you please answer some questions regarding warrants?
1. Who and why have the 22,279,492 been issued to on 7 Dec 23? There doesn't appear to be any record of this until it appeared in the interim results and it isn't insignificant
2. All the other outstanding warrants from 2019 to 2021 should have expired by now given the original dates so why are they continually being pushed out to a later date?
Regards
Yesterday - 12th March I received this:
Thank you for your feedback. Pertaining to the issuance of warrants on 7 December 2023, these expire on 7 December 2025, they comprise a nominal proportion (0.7%) of the total issued shares. The Company is required to report on the number of outstanding warrants and share options during key reporting periods such as the interims and final results as an AIM listed entity.
Kind Regards,
For and on behalf of Neal Reynolds
Probably profit taking. I guess market did not expect a firm contract with IRH, one reason less why this is falling. Maybe it is just a swing you have to expect after running up so fast.
Thanks SeisNav., how much do they source from ......?
They still stick to 5850 t of copper FY. Let 's calculate: H1 we coined 1650t, another 4 month 300 t equals 1200 and last 2 month of the year 1000t that sums up , maybe 5000 probably less. Why does he stick with 5850?
Unfortunately LC contradicts his CFO saying 60% of Roan concentrator product is shipped to Sable where is turned into copper cathode. CEO needs to step up his game, if he wants to earn back some credibility.
Feel free to point me to "misleading" information I gave on the this board. I shared my concerns over misleading incomplete information given by LC and others starting around 9s. My posts got deleted on a regular basis. Nowadays it stopped. Looks like we got a sentiment shift from people running this board.
I am happy CFO mentioned cathode v. copper in concentrates and how much they earn own average. 6600 US$ way below US$ 8262 as usually advertised on this board. If copper stays around 6600 jubillee is going to sell 5800 t FY 24 generating roughly 38 M in revenue. This will put a bottom in.
And here another investing nugget from dorfan01: He expects a huge share price increase with CERTAINTY.
No risk equals higher return. Maybe he comes from the engineering world like LC. Dismissed.