Absolutely no correlation between a warrant redemption RNS of that size and any movement in the share price... funny how the human brain needs to find a reason for everything and makes one up if it can't.... ;)
I don't disagree at all that more regularized reporting which would reflect both the status and the ambition of the company would benefit everyone. I can't believe that this is not understood by the JLP management and would be very surprised if it isn't addressed soon.
I see there's a lot of wobblers around.... and TBTT still beating the CB drum .... well the small wobbly sellers will lose out but isn't that always the way, as shares move from the nervous to the quietly confident. There was almost no volume today, just over 3 million, and little most days recently...no one serious is exiting, just the little guys. So if as you say, Papa, the IIs have the "inside track" and they are not rushing for the exit in disarray then things should be on track, n'est-ce pas? Accept the fact that a lot of speculation about the future became built into the price and its now paused for breath, while some holders, IIs for whom the JLP profile no longer fits because its just too big, rearrange their affairs. This has been done in a very orderly fashion and the price has remained stable within a range. Jack Dorfan, I'd hardly call a 1p drift "sinking" but if it frightens the pants off some of your friends then maybe they should stick to funds? As I see you own a goodly chunk I assume it doesn't apply to you? Check out the snowflake analysis on SimplyWall.St: "Solid track record with excellent balance sheet." And the chart looks absolutely fine so simply, if you don't have the patience to let it play out then you will lose out.
As of now on the Marlborough Funds site the fact sheet for the 3 Micro-Cap Funds for March 2021 shows them holding 1.8% of each fund in JLP shares, it being the 8th largest holding in each. For the Nano Cap Fund it is showing as the largest holding at 3.3% of the fund. As the Micro-Cap specialises in companies under £250mill and the Nano Cap those under £100 mill it is hardly surprising that they are reallocating funds to companies that fit that profile... JLP has just been too successful and got too big. As to your point, NTD, we already have seen growth funds adding with Slater and Jupiter. As time goes on I expect these to be joined by other bigger names.
What do you mean, a major buyer? They are a market maker they don't buy and hold....Broker notes are conjecture when they look to the future...and with JLP there are so many moving parts its not surprising that they have taken a cautious line and not factored in aspects which we believe to be real. How much better it will be then when that cautious valuation is proven to be way to low based on actual numbers. Its only a matter of time.
We're range bound... Some may be trading the range but the price rose constantly based on speculation on the impact of the plans Leon highlighted. Now the market is waiting to see the proof of that impact. There has been some adjustment by IIs, rebalancing or reallocation to different asset class and the price hasn't really suffered other than to fluctuate between 15.5 and 17p. Once we get confirmation and not just a broker note of the impact of the rise in metals prices and the ramp up of copper revenues then we will be off again I have no doubt.
RE: Sponsoring Brokers of Jubilee01 Apr 2021 10:16
@papaduke ... why don't you actually watch Zak Mir's video so you know what he said rather than writing panicky tripe about his predictions being wrong... As for the broker note, with such a dynamic company AND a dynamic metals market I am not surprised that WHI took a very conservative view. If there is something materially incorrect in their assumptions then that needs addressing but the content would have had to have been ratified by Spark, the NOMAD. But the approach is to my mind not surprising in the circumstances and still says fair value is 21p even with discounting to such an extent. If Leon responds to Dorfan's mail then that will be interesting.
Papaduke... Or you are just impatient /over exposed..? Sell on news.. We've had news and many little punters are sitting on fat profits and are nervous... Doesn't take much to get the herd running... The note from WHI seemed pretty professional to me.. What's your beef with it?
JLP is no longer an early stage company, NNP, so there is no need for dilution as has been the case when the balance sheet was weak and couldn't be leveraged as now. Also, with some well known IIs on board, Colin can no longer afford to ride rough shod over the shareholders as he could with PIs. To get to where he wants? Like it or not, CB has been a very effective strategist in positioning JLP to take advantage of not just PGMs, where the JLP technical capability has won some major customers who had been supplying SLP, but of Copper, Lead and Zinc too just at the moment that demand for Copper is going sky high. And of course, JLP can export its technical capability anywhere there are tailings to process... Australia, Chile, Botswana, Namibia ... anywhere. BTW, an interesting article on Samancor and its tie up with SLP here: https://www.newframe.com/how-samancor-workers-were-allegedly-robbed-of-billions/
@TBTT, Leon is rather more than just a good salesman .. he is also a very well recognised and respected chemical engineer "Before joining Jubilee Leon was employed for 20 years within the Anglo American plc stable, of which 16 years were spent at Anglo Platinum. His last position was Head of Process Control and Instrumentation, where he defined and managed the automation and process control strategy for Anglo Platinum. He was a member of the Executive Process Committee, the Research and Development Council, and advisor to the asset optimisation initiative at Anglo Platinum. .... He is a member of the advisory board of the process engineering faculties at both the University of Pretoria and the University of Stellenbosch..." : https://wallmine.com/lse/jlp/officer/2008595/leon-coetzer
TBTT....I'm sure you won't mind me pointing it out ...... but you mentioned the third one yourself in the EUA thread at 25 Mar 2021 11:12 ..... JLP of course!
"Why the crazy ramping? Why the peddling of misinformation about both the realities of doing business in Russia and PGMs? I'd suggest serious investors take a look at Sibanye Stillwater, Ange-American, SLP, THS and JLP. These are far superior PGM plays."
For those not aware of what Jubilee does, this is a great insight into their strategy, ethos and technological lead in diversified metals recovery from tailings (no mining risk) and to see the calibre of the CEO, Leon Coetzer . https://www.youtube.com/watch?v=6ZMNrNAfBc0 And Slater, Miton and Jupiter Asset Management are investors, for reassurance about corporate governance! The latest unaudited results are extraordinarily good. https://www.youtube.com/watch?v=t03LsWgC05o