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whilst slightly irritated that i didn't wait a few days before increasing I don't see anything has changed. All that has happened is a few short term punters have exited their positions when the news was just as expected. There is nothing in the news or the interview to change my view that this is a speculative, but likely very rewarding punt on assets that are clearly worth significantly more than the market cap. There will always be swings in this type of stock as it cannot be valued on PEG etc. Holding, will add more on weakness. Expect to cash in by next summer at at least double today's price. That is not a bad return.
Steve, I joined the party this week, if you go back a couple of days you will get an idea of my thoughts as this would not usually pass criteria for consideration due to lack of revenue. The potential value and commitment of the board made me reconsider so invested. I also like the relative safety of their area of ops.
Cheers
Frog
cheers TG5, I have taken a small punt to get the ball rolling and will spend some time researching. I don't usually get involved in anything that is not making money but this is definitely worth further investigation. Funny how life throws you a bone now and again. I might owe you one!
Hi Mikie, this is all very encouraging and hopefully will coincide with some copper and cobalt numbers we can crunch before too long. I cant help feeling something big is happening which is why there has not been an update. Playing his cards close to his chest is the Jubilee Way so as not to encourage sellers to hold out for too big a slice of the tailings pie! But sooner or later we will need to see some numbers, perhaps Leon wants to tie up Zambia with a blinding tailings deal first. Then there is Cyprus. But dont get too hopeful on auto industry firing up to full capacity just yet. Although showing signs of recovery there is still a huge chip shortage having a significant effect on production. One day this stock will just go bananas!
One other clue for me is the repressed sp, whilst broadly following the PGM basket I wonder whether a huge deal may involve further dilution at around this price. Whilst I am not against value enhancing deals financed by dilution it does have a short term effect on the sp as we have seen.
ATB
Frog
Jack D, Billy boy, JLPP, et al, thank you all for sharing your thoughts. I am confident we remain on track. I have most of my spare cash tied up in this with a few other small holdings here and there. Happy to carry on either this as I see PGMs only going upwards in the future. And the copper sp is likely to go banzai if predicted use and requirement proves correct. The next 18 months should be very exciting times to be a JLP holder.
All the best
Frog