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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.
It's a computerised systematic error Heroic. All shares below the median point of the spread 5.45p are recorded as sells. So if you bought 15 minutes ago at 5.429p it would be recorded as a sell, because computers are dumb. Not just computers that are dumb, but they are certainly dumb.
Thanks Edzi I agree with all you say. I wasn't suggesting that the Chinese are planning to flood the market, just that if an Editor asked for such an article, someone would write it. Sorry I wasn't clear. My bad. As for buying in as cheap as possible I simply can't understand why others don't, fear of missing out maybe. My amateur charting says the sp may drop a little more and I may get my 5.2p to 5.3p. The market makers seem to be in a dilemma. 15 minutes ago, they would let me buy as much as I wanted but they weren't allowing sells above £1500. I suspect the large seller of the past couple of days wants to sell another block but there aren't enough buyers. To get buyers in they need to drop the price, but they may lose their seller. All postulation by me. I just find it interesting watching the sp action, which is quite unusual at the moment. I suppose it's the doldrums. Don't want to be out come close of play on Thursday though. Averaging in from here on in. Then I can start ramping lol. Because I move the market. rofl.
Just read the article Edzi. It looks like the Editor has picked up on the devious Chinese mantra and asked someone to write an article whereby the Chinese look underhand and a threat.
If the mood of the day was for China being a backwards nation which makes silly decisions the article could have been re-written saying that China had overestimated the copper requirements of it's economy and was now being forced to stockpile copper at great expense or shut down production. They could of course be planning to start exporting copper, including current excess production and the stockpile to flood Western markets making the West's mines unprofitable, forcing them to shut down, thus creating a monopoly for the Chinese. It looks like tomorrow's chip paper to me.
A few pence rise will see you sitting pretty Wyatt Earp and a penny or two rise should get you back in profit Icmax. You've bot avoided the cardinal sin of selling at the bottom. My problem has always been selling too early when I'm on a winner. Never easy selling when it's rising or it appears to have had a small pullback which continues and turns into a full scale pullback. very difficult to spot and I've learnt not to beat myself up about getting it wrong from time to time. If it's cheap, keep adding. Your commitment should get a handsome reward over the next 12 to 18 months IMO. Good luck.
Agree Jonah - JLP are inbuilt survivors - built in the mould of Colin Bird - Yorkshire Grit and tenacity.
I first bought JLP on 15th April 2009 for 13.5p (sold for 44p on 3rd July 209), been a fan ever since.
However, the longest I have ever held shares for is just under a year continuously. Lowest price paid was 2.38p on 23rd March 2018.
Any true long term holders out there - gotreal has at least 4 years I believe, having bought sub 3p and held up to 22p and carried on holding until now. Anybody beat 4 years continuous or bought before April 2009?