Member Info for DavidBlake

I was expecting fireworks and got a birthday candle you put on a child’s cake. A 40% increase gets a 0.1p rise in SP. The market is renown for under valuing companies but this is crazy.

A fair price before these latest figures was the order of 20p/ share. With these latest outruns the latest share price must be north of 25p. Has anyone crunched the numbers or are there too many variables right now ?

With qualifying shares offering relief from IHT the AIM has an attraction for some investment and wealth managers able to do the “research” to give the full appreciation of the risk levels of buying those shares. The ordinary investor is hard pushed to do anything like the research the professional investor can.

What is galling is that on the 30th March 2021 it was announced EISA approval from NEMC of Tanzania had been granted as the final step prior to submission to the Dept of Energy and Minerals to complete the ML application process. Four months on this simple administration action still to be completed. Why so long ? We are told the country is crying out for inward investment but who in their right minds would place orders for long lead items without an ML. The country is the architect of its own misfortunes if it cannot get its own act together. Conversely are we the shareholders being kept fully informed ? The whole process does not stand up to close scrutiny nor is it transparent, when so many are having misgivings about how long it is taking to get the ML.

Although the mining sector is being well and truly worked over are there underlying problems here ? We are all expecting an excellent financial report yet the company stays quiet. Will the unrest and Covid issues be used to wind down long term expectations ? I wish the company would communicate with the shareholders. If they had done so on the 12th would that have offset the downturn ?

Danl90. I was thinking the same thing. The John Bentleys of this world would target bwng and strip it to the bones. The fly in the ointment are the big family holdings who would surely resist such a move. A grossly undervalued asset that deserves much better treatment than it is getting.

The ways in which the market works is as weird as it is mystifying. Yesterday my shares in JLP could be sold for 18.5 with a spread of 0.2. Today the SP moves 0.15p up but the spread increases to 0.5 so my shares can still only be sold for 18.5.

Year end is the 30th June with and audited report published in November. Does the board give some preliminary feedback to shareholders ? Or do we have to wait till theNovember to get data ? With the SP getting whittled away realistic information rather than the rumour mill would be most welcome.

You are right. A lot of excuses made for the situation, but she must realise a country grows through inward investment and by not removing the blockages I.e. the ML award, then she is effectively stopping the economy growing. Maybe there is another reason but it certainly does not look like it right now.

Sorry you cannot keep making excuses for an inefficient organisation. She was the deputy, was she kept in the dark ? With the company having satisfied all requirements it should be a rubber stamping exercise and that should take micro-seconds. There are people in the mining licensing department that need removing.

The events of this week would make JLP a good case study in the business school. Started with a spike in the SP, presumably because a buy order needed fulfilling and then the drop in commodity prices instigated by China, then in the background the market manipulation, spread changes etc. JLP goes sailing on with no changes that would suggest a change in SP is justified. The joy of investing in AIM.

I raise you ROI. Churchill mining will give you chapter and verse how a ML was effectively nullified and the mineral deposit passed to someone else. After seeing that and knowing WTO handle disputes through the same process, WTO lost its appeal. I agree 100% about ACP’s ML but was assured on this board the new President is very diligent and will grant the ML, I just wish she would.

The ML at this stage is a simple procedure to progress. I take on board the delay because of the Presidential transition ( why she should be involved in such a mundane thing is hard to understand, but if she lacks competent people then someone has check the fine detail ). I would point out investment capital is always seeking opportunity and if JLP misses the boat then so does Tanzanian and its people. Let’s hope the ML gets progressed soon.

Until the ML is granted this company will stay firmly parked in a cul-de-sac. Is Tanzania not interested in inward investment ? All their mining officials ( with some notable exceptions ) seem to be dragging their feet as an ML application with so much already inplace and approved should have been granted by now. Why the delay ?

JLP signs a deal with Caerus and their SP bounces too over 25p and JLP’s hardly moves with a spread of 2.87%. What is going on ? A paid broker producing a highly questionable report that under values JLP. Why ? It gains a bit then falls back, the logic of what is going on defeats me, particularly the size of the declared spread.

Ten times more bought than sold and the SP falls 1.42%. The increase in demand usually leads to an increase in price, so what is happening ?

Dorfan01. I agree with you. A poorly researched brokers note seems to have triggered a drop. If it comes out that WH Ireland has been a major buyer during the drop then they will be the subject of close scrutiny. It makes no sense to issue a note that is so questionable, so is it carelessness ? or something else ?

Given the fair value for JLP is quoted at 24p, I wonder how they can quote such a low price when the company exists in such a dynamic environment constantly looking for new deals and acquisitions that add value. Given that 24p is clearly on the low side why is the SP bouncing about so much with spreads at such unusual levels.

Theoretically by the end of this month we are owed a six month update and coincidentally that is nine months since the mining license application was made.
Since the real value will not be realised till mining can occur so the ML status is critical.

Trying to anticipate what the spread will be needs divine intervention. Today the SP increased 3.82% but by increasing the spread to 3.52% a greater part of the increase was annexed. Everyone has to make a living but jacking up the spread is hard to justify.