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Craig you are good.
I know NYSE and NASDAQ, AIM etc. These places are called stock exchanges for a reason.
Okay you got me. How does MM "facilitate" between buyers and sellers. Why do I need a MM when there is already a buyer and seller? Is a third person necessary to exchange shares? And is this discussion necessary to understand why Jubilee is over promising and under achieving all the time?
MM are obligated to make a market. Otherwise markets would not work as we know it. My humble interpretation of falling prices: More shares are sold > than shares are bought until "new " equilibrium is reached. Probably I am wrong. Don't listen.
Heavy selling continues, but there are no buyers. Why is this asks the prudent investor? Maybe because they are growing so fast they got no time to report their financials in a way common investors understand. Instead lamenting over unfair share prices continues. Time to say good bye to the present incumbent?
Don't bother management with unpleasantries. Who cares how much money we are not making, because we reinvest every single penny. This is a g r o w t h company. Until it is not.
Top ranking excuses:
Zambia is very supportive but unfortunately moving slowly
Power outages, totally unexpected
Bushy writing trash
PGM prices crashing, but Seisnav et al always warned you this will happen.
Copper holding up, until it does not.
I really wonder why the market does not get the message from our well respected CEO that prospects are really bright. This company has to be undervalued. Market is never right. Is not it?
Copper powerhouse incoming. Fasten your seat belts.
T h e potential was always huge!
SP is a little bit up and people get excited. Nothing changed. Ceo is super bullish as always, let's see how long it last this time.
@moneyman Management claims a lot of things, but usually actual numbers are a disappointment.
The Company confirms its guidance of 44 000 PGM ounces from own production for FY2023. This is from annual report 2022 signed in October 2022 from your CEO.
JPL burned a lot of money last year and they told their stakeholders it is no problem because they are investing in G r o w t h.
Unfortunately something happened on the road to growth. Was it an accident?
Sorry, I can not be part of the boiler room, even you call me idiot.
JPL told us 44000 ounces PGM FY 2023: unfortunately failed
JPL told us 6000 (revised several times before) t Copper FY 2023: unfortunately failed
Coetzer tells us we are going to double revenue in 2024. Well, maybe I am conservative, but revenue needs to add to the bottom line. It does not.
I want to hear about OCF, net income, quarterly reporting, dividends......but all I get is a promotional video repeating what we already read in the latest RNS.
This is from page 22 annual report 2022:
n Zambia, we have replicated this model and I am pleased to
say our Roan concentrator, completed just before financial year
end, is running at full steam. In doing so, we have implemented
the Southern Copper Refining Strategy which targets to produce
up to 12 000 tonnes (design capacity of 14 000 tonnes) of copper
units per annum including a cobalt by-product from certain cobalt
containing feed streams.
Coetzer told us Roan Concentrator is running full steam. I wonder what kind of upgrade they are doing now?
They are forecasting around 6000 t copper units. I probably do not understand full steam.
RNS from JPL is really a source of confusion. Btw market is in the same boat.
Well you could argue Zambia is real, but it is so slow, you can hardly speak from growth. PGM is dead as well. All JPL got is chrome. How much profit do they generate with chrome?
I hope there is no downside for chrome.
You assume they did not sell during run up (Not very likely). Btw JPL was not an outlier then. Money expansion lifted all boats. Now we are back to earth and probably JPL is not worse than SLP or AAL I give you that, but it is not doing better.
Keep posting, at least the message board is alive.
I am buying as soon management is buying. But it is probably cheaper for them to use free warrants.
Behind a paywall. Thanks for nothing.
Another deleted message, is it not allowed to ask why they are exempted from financial reporting?
Yeah it is a nice story, unfortunately Sarel did not much care about facts. It is more like buy today, be rich tomorrow trash and tomorrow the company reports mayor problems. UUUhhhhh. I did not see coming, completely unexpected. Credibility is: your choice.
Sorry gotreal, I did not want to destroy your well curated bubble, but my opinion really does not matter at all. It 's only JLP and commodity prices.
JLP itself is not well managed. Prudent investor can not gather necessary data, because it does not exist. Management refuses to report their financial numbers in an appropriate fashion aka IFRS or GAAP.
Looming recession does not bode well for selling PGM, copper etc.