Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Yes Happy days - I remember those days in at 13.5p and sold at 44p about 10 weeks later.
My plan this time is to make 100% profit in 18 months. The rise this morning took me just over 60%. I have just sold up at 7.35p average due to a lot of stuff going on in my personal life. JLP has been a great distraction but I can do without the stress of looking in every morning. Going to give it a rest for a few days and come back fresh to the situation. Grandkids shares are in and leaving them for the long term. If my timings out then it's no biggy. More profits for others. GLA.
Just looked in this morning Edzi. Surprised by the continued rise (pleasantly) - I thought we may see a re-trace to the 200 day moving average at 6.5p and then move on up from there. Obviously momentum is there. Not surprised some are locking in gains of 40%, 50% or even 60% but the selling isn't dampening things as you say. Pausing for breath on my charts. Nice to see experienced AIM investors talking about top slicing profits rather than doubling up on falls. Here's to 8p and beyond Edzi - get the good guys in profit.
Even though the information wasn't misleading, it just didn't comply with the mantra of those who appoint themselves with the jurisdiction to "pull up" others. Lol.
Anyway - happy days in the JLP world of investing for all - no bickering eh.
Nice to see blue on the screen.
My amateur charting (I know - it tells us nothing - it's all about the fundamentals) says we have now finished the bottoming process. The sp is exactly where it was 4 months ago when I first started to think about buying. A 0% rise but also a 0% fall. Thankfully I resisted the temptation to buy based on the fundamentals and followed the charts which said it was still going down.
Bought at 5p and sold at 6p for a 20% profit (due to rise on a pump). Re-invested at the next bottom at 5.52p and now we are back up around 6.7p. Due to the wonders of compounding the profits I'm up 45% whilst the share price is flat.
Bragging - no - well yes a little - when you've been slandered I think you get that right.
Two points - firstly - if you don't use charts and indicators at all then maybe you should consider it -that is investment advice.
Secondly and more importantly for the LTH fundamentalists - the bottoming process looks like it's done. We have had two higher lows and now two higher highs. A close above the 200 day moving average can be claimed as a breakout into an upward direction. There are a couple of long term resistance points above the 200 day moving average depending on where you draw lines on the chart - the vagueness of charting lol.
All in all a very pretty picture on the charts and some of the short term headwinds in the real world overcome - a good 4 months IMO. GLA.
Interesting video seisnav. What I took away from it was IF and it's a big IF the world goes 50% electric with vehicles then we don't need any new platinum, palladium or rhodium after the next couple of years. The re-cycled pgm's from existing vehicles can be eternally re-cycled into a diminishing number of new diesel and petrol vehicles.
JLP's pgm's being at the cheaper end of the mining spectrum will be profitable longer than mines and will continue to be a by product of chrome. Might affect the chrome profitability ultimately if the pgm's become unwanted. But it's a way down the line.
Copper on the other hand looks like a story that's set to run and run. Low cost copper looks set to be the winner in JLP's stables.
On the BIG SELLER front today is the first day that it appears there have been no large sales in the order of £24,000 to £40,000 for quite a few days. Finished? We'll see!
I think he's saying it was a bit misleading in terms of presentation Edzi. Which led to gotreal inadvertantly posting something which appears to be incorrect. Any of us can do that and I for one won't be calling him a liar. Noone should be criticised for a mistake. Just glad we have a good board here with understanding folk. P.s. if I have a dinner party you are first on the invitation list. Your jokes are as bad as mine. Lol.
Excellent post gotreal, the sp looks set for take off but has been held back by persistent large selling. I was at a loss to explain it - but you've helped out there so thank you for sharing.
I remember those days Frogkid - I was looking for a Jupiter fund and found it on an alphabetical list and Jubilee Platinum was there just above it. It just caught my eye and I had a look, bought and woosh up it went, pure chance, no idea what I was doing. JLP drilling holes an out and out explorer looking to open a deep mine. How things have changed
Not read a single post have you gotreal. Egg all over your face. I'm fully invested.
Anyway back to the nice people - 2 new modules for chrome. Typo error in the report (looks like to me). 2 new modules by Christmas - Ist one to be commissioned in June I believe (just memory not checked).
2nd one rightly stated as COMMENCING in August but wrongly stated as COMMISSIONING in August later in the report. Leon's rushed it out to get an IRH update before end of March. The positive for me is the Roan progress which was always my biggest bugbear with owning the shares. Up, pull back, steady progress in terms of sp from here. Fingers crossed. The obstacles are being left behind one by one.
Going back to housework now - so post what you want gotnowt, I won't be reading it.
Not a trader at all. I use charting to help me with entry point on a share with good fundamentals. I also use charting to pick my exit point when the time comes. I did buy at 5 and sold at 6 and have now bought back at 5.52p but that was because the sp was pumped up on no change in circumstances. i don't plan to sell for many months ahead but I can if the circumstances change and I would use the charts to help. I don't trade because I'm no good at it, not because there's nothing wrong with it. A friend of a friend buys and sells 6 shares day in day out. His average hold time is 1hr 20 minutes. He doesn't work - he makes a living out of it - good luck to him - not for me.
Not investment advice - weekly chart showing JLP broke through 200 day moving average and is retracing back towards it (at about 5.85p). This should be a retest and if that hold buying at 5.6p or just above could be a good move for those who were looking to get in and thought they'd missed out (with hindsight my third purchase at 5.7p was too hasty.)
I don't think the rns was about IRH really Buttermilk. Leon messed up a little in his interview saying an update on IRH was due at the end of March and the interviewer picked him up on that being a few days away. Leon's head is a bit full with all the stuff going on say he came out with a week at Jubilee being like a month or some such. He then stated an update would be in a couple of weeks. He's put out an update on IRH before end of March, probably after reviewing the interview with a critical friend. The real positive is Roan - he's sticking to April (for ramp up now as opposed to fully up and running) but this is certainly above my expectations. Was expecting a face saving just started commissioning at end of April with hopefully full production by end of May. This update is better than I expected. The language used in the update (albeit with a chrome error) is more professional in my view. More business like if you will. We have had a higher low on the charts and a higher high and now possibly confirming an even higher low. A close above 6.32 would give the next higher high in the local uptrend setting the scene to break out of the long term downtrend. It takes time to turn round a tanker. Looks like it's happening.
Spot on Northern Shark - Roan is the most important part of today's RNS IMO. Ramping up in April/May will cut down expenditure and increase income - helping the cash position.
down the line more capacity is needed as Sable will max out even with the extension. I would like (but it rarely happens) JLP to fund any future purchases out of revenue or at least by debt and not by dilution. There is a chance now to reward the long term shareholders - let's hope it happens.
Seisnav- as I posted below the rns looks contradictory on the second Thutse module.
Is it the case that the first module is going to be commissioned in June? and the second module commenced in August and then be commissioned in say November?
Leon did say an 'update' I believe, not the signing. But still it's positive news. I think there's an error in the rns. The headlines say the second chrome unit at Thutse will be commenced in August 2024 but the more detailed section below says it will be commissioned in August 2024. I think this should definitely be commenced with commissioning being 2 to 3 months later.
Hi Bluebelly - ah One Day Roderz - well the RNS hopefully brings you closer to that one day (if you're not already there.
Hope you got your top up this morning, if not there's sure to be a pullback at some time today.
I got caught with my trousers 70% up. Got 35% at 5.43p and another 35% at 5.44p yesterday and had to pay 5.7p this morning. Average a bit above 5.5p I think. Wasn't expecting the RNS before Easter based on what Leon said but then his mind must be all over the place.
I'm with you on the boards - ADFN is dire. This is much better but the ii site was great - loved the combative but friendly banter especially Wendy Durham and TG5. TG5 posts on here occasionally but unfortunately Wendy passed away some time ago. That's what this board needs - some female input to civilise us all (me included).
You are right Bluebelly I did choose my words carefully. Health is worth more than money as are your children's happiness. We've been a bit battered over recent months in my close familly and this is a welcome distraction. Had a weird experience yesterday when my step daughter asked me to help liquidate her dad's investments. He used interactive investors. Am I right in remembering that we both used to post on there before they started charging. I kept my name but you changed yours. That's my memory but I could be wrong.
I wish I'd started posting earlier Edzi. I looked in at 13p and looked at the charts. No way - so I didn't look for a while. Came back at 6.7p and though hello it's got to stop before it gets to zero. Looked at the charts and thought - no. Started posting, researching, asking questions and decided to hang around for the bottom. If I'd been posting earlier and if you had voiced interest in buying. They all would have been extolling the virtues and encouraging you. I would have said no way - look at the charts. He who no longer posts would have been the only other person warning you off but for different reasons. he enjoyed it. The resident LTH lumped us both together. After I've bought this week - I will be quite happy to list between 5 and 10 reasons why investors should be nervous. I'll do it after I've bought with confidence because it won't make any difference to the sp. If I had the ability to influence a share price then I'd be a billionaire by now.