Member Info for Kalan

Hi Chatmandu. I sold at 3.45p because of the failure to break out after delayed drilling news. No bottom has been put in for the 5 year long downtrend. An oportunity missed. Im sure ot will do soon. 3p looks strong and 2.8p also. I reluctantly decided to sell due to the chart position and the upcoming, possibly to be delayed, financials.

I could have done what bottomsup is doing and bought more if the price drops. Im trying to be clever. I had my doubts but since gotreal says I am talking a load of carp , confidence in my decision has trebled. Gotreal, the boy who never gets it right.

I'll let you know when I buy back and price if you like Chatmandu. Its only my opinon and I will make mistakes.

P.s. my broker will let me buy at 3.45 and sell at 3.452 - happened before and made money from it but margin too small this time.

Good luck bottoms up - from a chart point of view and news point of view steady buying looks a good strategy to me.

The share price has been falling for years with a couple of up blips. The recent pull back from the recent up blip shows signs of ending but has not been confirmed. If they had released the drill results the day before I believe the sp had momentum to break out and weather the upcoming financials. It didn't break out and now the sp could go either way with one more down draught probably on the financials before positive news flow can cause a breakout.

A revisit to 3p (or even touching 2.8p double bottom) would be a good long term sign and avoid drifting sideways. They may release some positive news with the financials which holds the sp steady and then away she can go. Your strategy of buying regularly means that you will average in maybe 15% to 20% above the absolute bottom, but that's not bad if and when the sp trebles as you believe it will.

My strategy with the same information is totally different and more likely to miss out but I have no fear of that. Trying to repeat the last major upswing by only holding when it rises and being out when it falls - very tricky but I like a challenge. Going to give it all away to kids and grandkids if I'm successful. If not, they won't miss what they never had. Good luck, your strategy looks sound as long as the people executing the real life strategy come good.

It's not easy to sum up sentiment Nelson but \i think you just nailed it. Almost poetic.

Hi Lootagloot - good luck with my daughters shares - just sold a few 100,000 for 3.45p.

She has money invested outside of the ISA and only has £3,000 capital gains tax to play with. was hoping for a 20% to 25% bag for her over 24 hours. ended up being a 15% gain over 48 hours.

She's putting it back in after April 5th for new tax year which also should hopefully be after the financial results are out. She doesn't know yet lol.

She's risk averse but pleased with 5 times what she will get from her cash savings for a year in just 2 days and doesn't have to involve the tax man.

They would be adjusted for depth Gray. Studied this in my Chartered Surveying days, way back when the Earth was young.

Hi Gray1 - if the view is oriented then the large anomaly appears to be in the North. Phase 2 is going East. Not sure on orientation though. Where we are drilling looks to be a more intense colouring and hence more prospective in terms of % mineralisation. The topography to the North appears to be higher as well. Do we own it and could we mine it? Happy to get near term resources confirmed that are close to Sable - The best bet of the 3 point strategy IMO.

Better late than never, A good confirmation of what the directors thought was there.

Maybe a good day today.

Another deadline set - 3 weeks or less to publication of updated mine plan based on the drill results.

A continual feed of good news can do no harm to the share price. After next week this could well happen. fingers crossed.

Thanks Junior for sharing your knowledge.

Maybe it will be this afternoon?

As it stands, the sp starts to rally and once again the Board of Directors cuts off that embrionic rise at the knees.

If it's not out by Friday then the rat begins to smell.

Self pity?

Ego damaged?

ok if chat GPT says so Harmprof. jesus.

P.s. if the drill results are not out this week, then it's obvious which of my 3 is in place.

To retain any investor confidence the drill results need to be out ahead of the 1st half financials.

Cheers Gray1.

Yesterday's rns was amended soon after due to an error in the original. We've seen this before with JLP and other shares to be fair.

I cannot recall JLP or any other share I have been invested in issuing an rns saying there will be another one tomorrow with the news you want to here.

They could have delayed the rns and put it out with the drill results today as they believed they were going to do?

Very strange behaviour.

For clarity - JLP have had the drill results for a while. They know what they have found. But anyone can claim anything so a competent person (independent geologist) needs to ratify the companies findings and sign them off as accurate (sorry, not trying to teach grandma's how to suck eggs, but some are a little confused by the situation).

The company could have been told they were due today (why would you chuck the info straight onto the market without being sure) and were let down by circumstances OR the company were incompetent OR the company are trying to manipulate investors' mood at a time of repeated disapointments and backtracking on promises (e.g. no dilution, Roan dewatering and front end operational at end of month etc).

Take your pick - company doesn't look good in any scenario IMO.

We would be pushing 3.8p recent proir low today with decent drill results - maybe a breakout upwards. Still if your annual wages are 5 times your share holding value it's no biggy.

As a shareholder who bought back half of my shares yesterday I wish to congratulate myself for not going in whole hog due to the continuing appalling performance of the company.

Information given to market yesterday by the company on drilling results, coupled with chart action caused me to buy shares. I was misled. The results which bottomsup is keenly anticipating next week maybe, sometime, whenever will be very poor. The drill results I expect to confirm what we know about the pits and hope that they give us good news on the depth of the resource in phase 1. Announcing that results would be out today and cancelling is unacceptable. A less generous person than myself might think that the news they were going to issue more share (my presumption) needed a spoonful of sugar - they had already used the buyback and dividend ruse once so they chucked in the drill results to distract us. It worked on me. I've been duped.

Nonetheless, happy with my buy, it is up 10% or so and the drill results (delayed) should hopefully appear before the 1st half financials. It couldn't be that they are holding the drill results back to use as a spoonful of sugar a second time could it.

The mismanagement and slight of hand is becoming an epidemic.

Bottoms up - no-one is shorting JLP. Bottoms up - without traders the share price wouldn't move on most days and you would spend all day staring at a frozen screen. Gotreal et al - this is me slagging off the company I'm invested in - my spots don't change - I say it as I see it. Whereas you are biased positive at all times - investing with your eyes shut.

39 million in matched trades at 3p today.

Long term holders good.

Traders bad.

Animal Farm.

Updated:

Llong term holders good.

Traders better.

Im not a trader. I have just learnt withJLP that it goes up quick and then goes back slowly to where it started. Having observed this I would need to a bit dumb to hold JLP all of the time. Better to buy when it is oversold and sell when its overbouhht. Surely.

Hi Chatmandu - ignore Gotreal he's just an angry toddler down 86% since he didn't sell at 22p.

2.6p is recent low so would be strong support and then 2p.

I think 2.8p, hit this morning could be the bottom. Unfortunately it takes a while after the bottom has been hit for it to be confirmed.

MacD up until now just points down, RSI has been oversold (below 30%) for a week now and is near extreme oversold (20%).

The drill results are tomorrow which will be a positive I think, get the bad news out of the way today (they are going to award themselves more shares and warrants to align their interests with ours - they could just buy shares of course haha).

My feeling and it's not strict charting is we are going to see a little rise from the 2.8p bottom. Always planned to buy back at 3.5p (chart looked horrendous) and/ or 2.8p to 3.0p. Buying now means there is a potential 30% downside in the extreme case and a potential 200%+ rise if they get things right.

Have bought back 500,000 of the million I sold at a 26.5% discount to the sold price. A bit of a gamble but I can always sell tomorrow with a small profit or bail out at a small loss if it's not as good as expected.

We've crashed through 4.5p, 4p, 3.5p 3.2p support, have we just bounced off 2.8p? Worried about the financials, the lack of copper produced and the directors desire to put themselves ahead of shareholders but the happy clappies love a drill result.

Sumo - ok speculation- but we all know it's going to happen.

The market knows it 2.8p to 2.9p now.

2.8p is support so may hold, not going to say where it may go if 2.8p doesn't hold or the cot will get overturned.

No gotreal. You don't understand do you.

They are two separate issues.

one is a technical alteration which gives the possibility and so is the other.

However, the first will not be used to pay dividends or buy back shares when the company has expansion plans on many fronts. It WILL issue shares and warrants to align blah blah and we all know - YOU must know that this is in JLP DNA - always issue shares and warrants rather than use cash. we've seen it twice in recent weeks and tens of times over the past 20 years. Just be honest for once. Can buy at 3.01p.

Correct Sumo.

The RNS means that there will be more dilution and that they intend to dilute more, up to 10% of the company on their say so with no reference to shareholders.

The ability to buy back shares and to pay a dividend is to be enabled (old news and in my opinion a sop to small investors to keep them on board).

Drilling rseults are for phase 1 only which are inside the existing pit - they will not indicate a tier 10 pit or whatever but will hopefully give some idea as to the depth of the pits and inform the siting of plant.

Was contemplating a small share purchase this week as it's within my target buying range of 2.8p to 3.2p.

Having seen the metals prices slump this morning (including copper), inflationary pressures building and demand destruction I was warry. Now we see the company is openly planning to dilute further against all they said on the sale of S. Africa business. It makes me wonder how healthy the finances are. Maybe wait a week or more to find out. GLA. Sitting on my hands. Charts say still falling but could be a small bounce of 0.1p to 0.3p at some point. Maybe the drill results will cause that - remaining out.