Member Info for Kalan

Someone should let BMW know they've backed the wrong horse. If onlybthey were as clever as us.

Have to agree there dorfan - the longer than prommissed delivery on Roan and the time taken to get the deal sealed for waste rock is being mitigated by the minerals valuations rising. Helps with cash flow obviously and eases the worries. On the charts view, 6.7p is now a massive barrier to be overcome with the long term downtrend (still in place) and the 200 day moving average converging to double up the barrier.

On the plus side 5.7p is giving significant support as expected. This could be the local bottom but a few more days needed to see how it goes and to see if 5.7p holds. Have to admit to being a little nervous about being out right now as the sp is finely balanced and could go either way. Moving money into my ISA to repurchase JLP shares there for CGT purposes.

P.S. did a persistent seller drop the sp from 22p down to 4.6p? If so, would a price of 22p be justified now? Someone should find him and cut his hands off. Ooh that persistent seller, he makes my blood boil. Apologies but my sarcasm got the better of me. Sitting here chuckling to myself at the ongoing refusal to accept reality and the none stop cliche ridden theories why the sp isn't what we want it to be. It's because people value this share at under 5.7p today. This is what it's worth. The agreed price between a willing buyer and a willing seller. All the info is out there, all investors have access to it and this is the market's conclusion at this point. We are gambling that they will change their minds. That's all.

You are right seisnav. I am wrong. Apologies for attempting to explain what is happening. Everything I post is manipulating the share price to my benefit and for that I am truly sorry. FFS.

Happydays "You do know the price is P5.65. and a week ago it was P5.20?

What im.saying is that based on current metals prices today's price is ridiculous."

I hear you Happy Days, but disagree. I think 6.5p was ridiculous. Very little has changed - pgm prices have recovered a bit of what they've lost which helps with cash flow. So, personally, having paid 5p before, I would be happy to pay say 5.2p to 5.3p now. Nothing else has changed apart from some extra shares probably, we don't know, being sold into the market and JLP pocketed about £190,000 to add to the cash flow. Holders got diluted. We await Roan (fully operational at the end of April - still snap their hands off for end of May). We await sign off on waste rock project - still convinced the announcement was rushed ahead of the events to cover a placing before JLP ran out of cash. All by the by, JLP funded for now, a bit more cash coming in, a few more shares issued, Roan is still the key.

On a quick check - 35 million warrants and 23 million options outstanding (Please correct me if I'm wrong). When investing in JLP I've kept a list of dates of expiry, price and number as they materially affect the sp at the time they are exercised. Not an exact science, since they can be exercised at any time before the lapse date and as Heroic has informed us, new ones can be issued at any time without any notice given to shareholders. On the plus side they will incentivise the recipients to strive harder for the company. (Tongue firmly in cheek).

Spot on heroic - it's a mere 0.7% ok but it's another 0.7% and when they come to market the sells cause the sp to behave like you're driving the car with the handbrake on.

3 factors at play in the sp fallback IMO - straight forward profit taking (guilty), the options filling up the sell side and I believe a pump and dump element on here and SLP. The crowd arrives and then disappears again onto the next target.

5.7p has provided some support as expected. let's hope it holds there for all holders. Volume still good and some buyers getting in at 5.7p. Who knows.

Had exactly the same thoughts Ardbeggar. Left the grandkids shares in as their shares are for the long view. Sold mine at 20% profit and invested it in JPMorgan China Growth and Income. Could have got 25% as you say but I haven't the time with babysitting etc. The new investment is up 4% on my first day so can't complain. Will be back here (assuming it doesn't run away from me). 9 million shares at the recent volume will soon be absorbed, assuming the owner sells them all, they might not and assuming volume doesn't drop back significantly. Good luck whatever your strategy.

Charts - very strong performance challenged 6.7p but didn't break through this time. Took out 6p which was an impressive barrier to overcome. Once above 6.7p there are no real barriers to break IMO.. 6p may provide resistance still, thereafter it's a short term support at 5.7p from where it may resume upwards. Just above 5p would provide very strong support IMO, but hopefully 5.7p may form the base now. (p.s. would we have expected another rns for issuance of the shares? I forget what happened previously on these occasions).

Listened and complying Ardbeggar - nice it is. Looking forward to the next rns. Iminent and may include an update on progress with Roan Transport etc. Got a busy week ahead so out for now GLA.

Excellent post Chester Green. Lots of positives there. A nice and useful check list to have, thank you.

A slight addendum to your post Seisnav - you say that JLP get 35% to 40% of profits (which I made the mistake of using 35% as a rough average for and was branded a deramper by gotreal)), Gotreal insists it is 42% of profits (which was the very upper end of the estimate) - so please use 42% in future - we don't want you getting banned do we.

A lovely rise in the sp to within touching point of the expected 6p. All without any significant changes or announcements, all based on sentiment, which has to be a positive for JLP share price in the future - it indicates a lot of goodwill and belief in the long term future here. GLA.

Get real seisnav.

Very good happydays - not getting drawn into that - made me chuckle though.

Sorry Shareswotter - you are barking up the wrong tree. I post honestly, good and bad in all situations, owning or not. Just type in google and find some share copper predictions. I used the futures - what people are currently paying- i I just shared that. I bought at 5p on the nose - shall I dig out my post? My Grandkids also have some (3 of them now) - bought at 5.1p.

For some moronic reason, posters on these sites decide who is a good guy (always endlessly posting how the share is going to go up, the commodities are going to go up etc etc) and who are the bad guys - the ones taking a balanced approach and the perennial negative poster get lumped together - no downside is ever allowed.

I simply posted some information relevant to a share I own and in the minds of the serial rampers I'm playing some game. Pitiful.

On a positive - all the commodities that JLP produce are looking stronger now than they have for the past month or two. I won't let any material facts get in the way of this positive post - woohoo the train is leaving the station (add own pathetic cliches to your taste). JLP has a great future. I own some. I am not trying to talk the share down. FFS.

Are you two twins??

I did post when I bought at 5p.

Go on then Gotreal - what is it I can't resist? I normally igore all of your posts but this has me intrigued - what can't I resist?

Futures indicte copper rising from here to August. Thereafter falling back to where we are over the next 2 years. Of course, predictions are invariably wrong, experts don't know what they are talking about and the OBR are always wrong. Trust your gut. It's all you've got to rely on.

From what is visible.

Warrants outstanding

750,000 at3.4p 22.7.24

4,036,431 at 13p 21.1.25

Options

23,964,491. No idea what price or dates. This is after the 9,000,000 have been exercised.

Hope JLP invest the £190,000 wisely.

Superb article papaduke - pros and cons discussed. Almost perfect summary for existing holders and potential new investors.

The same seemed to happen with platinum and palladium prices. The reports would say there is a deficit year after year and the price would keep falling. The key with JLP is diversity and flexibility to react to whatever happens. The finance bloke is all over this. Short term - all about Roan and signing off the waste rock project. Long term charts down until falling wedge is broken. The price for that to happen gets lower every day. Short term the minor trend is a slightly upwards consolidation at these levels and above. (Trends can change, other charting is available).

Agree 100% with your view on the waste rock project Jonah. JLP's valuation is based on current operations. PGM tiny value, chrome decent chunk of the value and Roan another part of the value. This part, Roan, is undervalued IF it is fully operational by the end of April. That's the tug of war in the sp in recent days.

The waste rock project stands alone and is not reflected in the sp IMO. Modules will do the work there - totally separate from what we have now - 100% de-risked by the deal which is yet to be signed. Any profit from this adds to the sp of JLP IMO. At the moment we have no signatures and we don't know where the product from the modules ends up. It's pie in the sky at the moment. The sp will react to it as it becomes more established. 6.7p by year end and 9.5p in 18 months IMO.

As for Bushy - I still value the negative poster who keeps us on our toes - but he's really embarrassed himself over the weekend. Maybe he thinks the sp isn't going to tank any more and the outpouring is a sign of his internal struggle. I wish folks could stop being so nasty (adjective) as they make themselves look like ...... (insert own noun - plural).