Member Info for Couerdelion

As a TEK investor you will understand that they don't own 75% any more after the recent capital raise here. Not exactly the optimal time to be sharing the TEK involvement - for new entrants, I can't weave you any good tale on that front.

You've got to pick your style. Averaging down in a stock with intrinsic value will pay off over time but for more impatient investors you can wait for the market to tell you when the tide has turned. It's not the best entry point but it is damn near close to it.

I missed the action but it looks like targeted strike to me and for long term holders we can be relaxed while we wait for the next positive RNS.

Those sucked in can perhaps take some comfort that they are sitting on a potential bargain here. You can read the latest results but those aren't even for a full financial year and that this a company little more than a 18 months old but is probably already cash-positive. No shame though in conceding defeat if this is not your investment style but perhaps better to realise that an inactive board and stock have suddenly seen more action in one our than in the last year. You can learn from this, but also profit too in taking a closer look at the business.

Well I wasn't imagining we would have quite the range of projections that I read here today. Had I be around I might have suggested that 35p was a little on the pessimistic side for something approaching fair value but it might not be a poor guess at where we could be over the coming months and a 4x return in 12 months is nothing to be sniffed at.

But "fair value" is another matter which hopefully would come more clearly into view as the PFS and other details are established. I had in mind something in three figures - ranging from 130-175p - for an early stage mining development but with natural step-ups as the development progresses to FID and construction. I've based this on what I would hope were fairly conservative assumptions for financing terms but however you look at it, it tells me people invested here will want to take slices of profits rather than make a clean break when they hit their target - there is too much to lose by cutting and running. It's fine to take profits but I would advise taking a slice here and there while the market is in this mood and leaving the rest to go on for better things.

Of course if we do reach a £7bn+ market cap, I might feel obliged to give a large share of my second £m to good causes.

It's a long time since the SP was anywhere near the price that would reflect the underlying value due to the successive knock-downs it has received over the last 2 or 3 years (capital raises, failed fast-track application, delayed ASX listing). I think we are only seeing the first stages of a "move to reality" and it still has a long way to go.

Right now I can only see a sequences of re-rating events ahead of us as they move through PFS, CEOL approval, DFS, financing agreements, FID to construction. And that's before they've started end producing any lithium in meaningful quantities.

It's also before we factor in the licences they own on the other salars, but I don't want to sound greedy.

That's my view too. The RNS mentioned that they were working now on the PFS so I would be expecting something within the next few weeks unless the Board feel that it is still premature.

Might I suggest that the two of you don't engage with each other. It's probably not good for either of you and I don't think I am alone in thinking that it is not constructive for this message board which is what most of us are here for.

By all means discuss the merits and demerits of the company but best keep it polite and professional. We'll all be happier and maybe a few other investors will engage in the discussion.

Same here. No point buying more after a decent top-up during the last capital raise and will have a chance to buy more from all the warrants I'm sitting on. But it is a very good time to buy if you are looking to make a quick profit as the SP is now starting to undergo a positive correction - though still way below what it should be on fundamentals - and tomorrow's Investor Meet is likely to be much less gloomy that those over the past couple of years.

We're also nearly half way back to the price at which an earlier batch of warrants were struck and that means ready-made funding for CTL which they could use to settle that legal claim.

That feels a little optimistic, though it isn't impossible. I certainly would advise against profit taking while the SP is in it's current model. Personally I had marked 110p as an opportunity to take profits but I suspect I may end up holding out for a fair bit more than that.

....one to ask at the Investor meet around why the anonymity and when it will be public.

But good to keep the newsflow going here while the market is starting to pay attention. Everything lining up nicely now.

I'm still trying to piece together that little trinket. Partner wants to remain anonymous but it is part of the CEOL yet they only have a

Anyone can quote out of context. But if we're going to use Buffett as an example then let's start with the term "ignorance". Are you suggesting that there are people on this board who understand the business risks of JLP to the same level that Buffett and his team would have for one of his investee companies? They will be studying these companies for years before investing and probably running the rule over 100's of other companies before alighting on the one they put money into. I don't think we're talking about that level of in-depth knowledge here and that's before we consider access to information that his money brings. Lack of information = Get some insurance!!!

As for whether Buffett would pick JLP as an investment, well I'll leave that to the floor to decide.

Oh dear. Do I have to reassess my view of JLP now that I realise that some of my fellow investors are reckless in their investment decisions.

Diversification = Free lunch - to paraphrase Markovitz

January holds a lot of promise here as we have lots of technical indicators in our favour. First I will admit that I do not believe these indicators are anything more than a soft signal that the market is showing signs of interest and they are no substitute for a fundamental analysis of the business prospects and their implications for what a fair value might be on the company. But markets give a price not a view of fair value - always good to remember this when sitting on a pile of unrealised capital losses.

But technical indicators can provide useful information about market behaviour because there are plenty of investors who follow them so that it can become a self-fulfilling prophecy. The one I'm looking at here are the 50-day and 200-day moving averages and there is a fair possibility that the former will exceed the latter by the end of this month.

That 57p level is looking very close - by which time I would have cashed in around half of the investment I added at the beginning of October

I hope you will all try to make the call on Tuesday. I can't make the call but will catch up with the recording when it is available.

I don't expect there to be a lot of news and I don't have any unanswered questions but it seems clear that the pressing issues are all around the timings of which CEOL approval and path to commercial agreements/FID.

I don't buy this "exposing the discount" claim. That discount is visible for all to see from the accounts and the only thing changing is that the final component will have a traded market cap. What really matters for VC are "exits": something that TEK has only truly achieved with BELL - something of an unplanned exit. TEK needs to demonstrate that it can return cash to shareholders.

Today's activity suggests that the supply at these levels is starting to run dry and I wouldn't be surprised to see this continue a steady(ish) rise before the news starts coming in. That's not to say there won't be some profit-taking along the way as I imagine this will start flashing on the screens of all sorts of short term traders who'll not worry overly about the long term value where there are cash profits to bank on what is still essentially a high-risk investment.

Here's too a profitable month ahead.

Plenty of money rolling in this way today. I think the market is quite happy that the residual noise from PGM is now out of the way.

"It's time to finally deliver on all the big talk..."

"...we have executed this transaction within the timelines stipulated when first announced."

Well you mention Tjate and dream in the same sentence which sort of says it all. Not that I want to eradicate all dreams or hope but it is all rather tiresome reading through pages of hypothetical mulch when the only real game in town here is copper.