Member Info for DavidBlake

Can someone give a conservative estimate of the graphite that still has to be exploited ?

I tend to agree as “mining” does not cover all aspects of what it does. If companies had to pay penalties for long lasting waste dumps the whole complexion of the market in which JLP operates would change.

Starting to-get a similar feeling.

Another derisory offer extending the acceptance deadline. I was under the impression 25% of FDI was owned by the country of origin. Have they sold out ? How can they say the own 83% if they have not. I was under the impression all shareholders have to be treated the same ?

Yet another derisory offer to ignore. As one commentator put it they are probably mining as we speak to pay off the debts but exclude the loyal shareholders. The temptation is to sell to reduce capital tax liabilities but that would be false economy. The regulator needs to look closely at the people/companies trying to take this company out of public ownership and their tactics.

Reported that copper price was scheduled to hit an all time high. Will JLP see a benefit in its SP ? The market seems to think adversely of JLP is it just the lack of feedback from the BOD that is holding the SP back ?

The market is renown for under valuing companies, so thank you Rover62
And AIMtodeath for your feedback. The market is not playing the game and both investors and new companies need to factor that in. I always thought the license to mine would trigger an upward trend but it seems be the opposite. Thanks again.

Has anyone done the numbers recently to determine the net value the large flake graphite in the ground ? How many times does the net value of that material exceed the current value of the company ?

The uplift in the share price from getting the ML has all but gone, as sprinter12 has pointed out that gain has been frittered away by the lack of board performance and their inability to communicate. What is the BOD doing ?

The institutional investors must despair when the board cannot get the basic reporting and its timing right. It is time the big investors leaned on the board to get the basics right particularly since it is impacting the share price causing a constant up and down effect. The spread being constantly changed is also annoying as it makes it appear the company is not a long term entity.

You are right. The board of JLP does not put informing the shareholders at top of it’s priorities using the excuse they have priorities elsewhere. They have lost more than 25% from its peak yet the board does nothing to arrest the fall, maybe they need to change their priorities and release updates in a more timely manner.

The company issued a good report, clearly has a strategy for growth and profitably, is seen by many of its shareholders as having long term potential yet the SP graph looks like a rip saw profile. Why ? Every time CB’s name comes up it seems to have a negative effect, Why ? Is it time for a new management structure to realise JLP’s true vale with CB taking a less public role ? By now the SP should be well into the 20p range, it meanders up then drops back for no apparent reason.

It has all but gone. I thought the Government was slow, but the board is just as bad. They had months to get agreements inplace but no news, nothing. The silence is deafening.

JLP & Sumo have very valid points. JLP is not a mining company with all the inherent risks that brings. Is it a Processing Company ? A land restoration Company ? A waste management company ? It gets no credit for its Green credentials at all. It would certainly get publicity for cleaning up the coal **** heaps of the world but what could it extract in any quantity to make a profit ?

If a bid ever materialises you know exactly what will happen next. Openreach will get floated off gaining the new owners more than they paid and the old shareholders left wondering why the board supported a bid that sold the company so cheaply. Why Openreach has not been floated off is beyond belief.

Getting the mining license was the catalyst for the SP going up. It now seems to be slowly meandering down and down. All that time waiting but the background work on deals seems to be slow in bearing fruit. Is it that or something else that has led to a decline ? This share has potential but the market seems to not recognise it. It seems a common problem in all parts of the market.

At close of business yesterday the bid price was 16.6. The share has gone up 0.3 but the bid price is 16.5, the latest trade sell price is 16.9. Since portfolio valuations use bid prices the figures do not stack up. The Spread today is 0.8 which does reflect the real prices at all.

I have been reading how the market under values companies and how foreign investors realise this and move in to take full advantage. I look at Bwng and wonder if it falls into this category. Easily stripped down into its component parts. Is this a case of it being worth more in parts than as a whole ? Even the directors are buying.

This share is blocked from making progress because the ML has not been granted. That in turn stops inward investment, mine development and job creation. I have heard so many excuses for the delay but this is down to the countries processes and inefficient government departments. Why is it tolerated? when it’s leadership is promoted on its supposed ability to think strategically. F for performance.

I agree the market reaction is simply not right. Let’s hope the powers that be are awake and want to find out the reason why.