Member Info for Kalan

Hi Isphahan - I try to post what I honestly feel is the situation. There are posters on here who have known me for years, such as Bluebelly and Desert. We have been through good times and bad times but tried to help each other. I have learnt to try and understate the downside as most people don't think clearly when their holding is losing value and assume you have an agenda.
In reply to your question. I held £32,000 worth of JLP at the end of the last big rise and sold all of it - this is very unusual for me as I am almost always in JLP to a greater or lesser degree. I typically have about £20,000 in at the start of a cycle and also may use a trading pot of about £3,000 to £5,000 to augment the rise by playing the ups and downs.
I never short any share.
I sold because the board let share holders down and took some money in a placing that we didn't think they needed. I was going to buy back in at 3.7p but was busy and just got a tranche at 3.85p and when the share set off I took a small profit as the sp had got ahead of the news - folks bought well before the 6 month update in anticipation and left no buyers for when the results came out but there were plenty of punters waiting to sell.
Why do I say the sp is going wher I say - well what I actually said when I sold was it would go to 4p minimum (others disagreed) and most likely 3.7p with a chance of 3.5p. I said I thought 3p was the absolute backstop.
I am still saying the same but looking at the chart and the position of the 200 day moving average and the steepness of the fall I think it is more likely to overshoot the 200 day moving average as it has in the past - so I have a target entry point of 3.6p which I will review on a weekly basis.
I would not be shocked to see it go to 3p but I would be surprised. I know all the figures and the situation regarding profits and the likeliehood of cash flow problems etc - it looks like a great company to me. Below 5p is a bargain but 3.6p is a better nargain than 4p and even better than the 4.5p+ that I sold out at. I now look at JLP without the rose tinted glasse that I used to - it's been hard to change my thinking but charts and indicators are a massive help - ignore them at your peril - they tell us how others are feeling and so tell us how they are likely to act. It's 90% emotion and 10% logic this game not the other way round.
Hope that clarifies my position. This next JLP cycle I am going for £25,000 in and hold with £7,000 trading pot to start with - I will be buying some time between next week and May - guided by the charts.

since anyone bought for less than .32p. breakout is getting closer - 8 working days max.

As for SXX - do not buy any UK miner - the best bits have been picked over long ago. The only mineral extraction I would invest in over here is gas but the looney tune anti-frackers have killed that golden egg.
As for the UK being a grey mess - why do so many people want to get here? Can't be all that bad. The so called asylum seekers get to France (lovely there init) and then queue to get out and into the UK - still seeking asylum - so I assume that France is a threat to them as well as their country of origin.
Could always try Dubai I suppose - pity it's on Iran's published top 3 targets for bombing.
Nope - I will stick with WRES and good old Britain (apart from mining) - where freedom and democracy still rules - grey is the new blue don't you know.

As PIs we think it is slow but in fact the previous owners did not sign up a single new customer in 5 years.
SAVP have their first new customer in just 10 weeks.
The key thing is that this sends out a message to other potential customers that a company that has operations in 42 different countries has faith in SAVP to deliver the gas when they need it.
it doesn't look like a loss leader either as Mirabaud describe it as augmenting value on a weighted average basis.
The sp is around 18p based on 100 million profits - this deal is estimated to take it to 125 million so it should be worth 4.5p on the share price alone. Several other customers this year will add more to the sp.
Give em some slack and let them get on with it.
As for the sp - I added yesterday at 17.5p and am pleased with that - a large increase in volume so far today as buyers turn up and those who want to lower exposure have the opportunity to sell into that volume. This is a good thing as it clears out those who don't want to stick it out and puts shares in the hands of those with sticky fingers.
Onwards and upwards - good news and it's only a small part of what is to come - confidence booster and cash generative - what's not to like.

Quick update - fell back a bit as expected - .32p looks a good buying price and .31p would be excellent at this time if you can get it GLA.
Oh and everything that Bluebelly said.

I think we are on the same page of the hymn book regarding JLP and GJR tiger - be wary of the trades that are reported - there is more going on than is reported - I bought £3000 worth yesterday and there is no sign of it on Hargreaves Lansdown or on here - I think this has been discussed before.

I think it's climate change. Everything can be put down to one or the other in some way. Lol.

Massive support at 75p has now finally given way.
next big support at 60p.
After that 50p and 40p are week support and 25p strong support.
Bought in at the 75p support level but had to bail out after the rally failed. May give it another go at 60p - news of a contract, as always with VRS, could blow all that out of the water. GLA.

Hi Tiger - I am sceptical over the prospects here - this is a typical Colin opportunistic punt - he said as much himself. As with JLP you have to read between the lines to seek the truth. I read loud and clear in the last update that things had changed regarding Kabwe or at least the plan may be different from what PIs are expecting. The reliance on 3rd party materials seemed to be flagged up when previously it always seemed that 3rd party material was an optional sweetener.
One thing is for sure - Colin will be a sure fire winner if Star Zinc becomes elevated on the JLP list of priorities. Only he knows the legal position and complexities of the deals done regarding Star Zinc, BMR and JLP. he has fingers in all 3 pies. Trust - no. Oportunistic punt - yes.
The sp will rise on a licence, a signed link to JLP or a buy out by JLP . It will fall if none of the above happens. Fall to what say 0.25p but a potential rise to 1p + on just one of the events. been waiting for the sp to fall - didn't want to pay above .5p for it - paid .465p I think - could go a bit lower but the ramp brigade must be coming along soon - I see MinorMiner has begun to post again. So .65p to .7p is possible just on renewed speculation and a very small amount of buying.
Will get back into JLP in the fullness of time.

Agreed Bluebelly - it's pushed the limit for now - a couple of quiet days into the weekend. Cue DB et al.
Will look in again next week myself after the Brexit parties.

dropped to 4.1p to 4.2p as predicted. Expecting a bit of resistance hereabouts before the next move - a bit of thinking time maybe.

Cheers Isphahan - let's hope JLP are so cash rich they can stockpile vanadium and sell when the price is better. Would be nice.
I think you are right Rosewall - I was just wondering about the current share price and where it might have been.

Thanks for the heads up Oddbod2. They are obviously bullish as is their job but it is mostly accurate. The chrome price decline is re-worked as a positive when it is obviously a negative. Interesting figures on guestimated basket prices and sale prices. Kabwe without vanadium doesn't look as exciting and the copper figures don't set the pulses running but will contribute to the ongoing project costs in H2. PGM profits are more exciting now.
It makes me wonder where the sp would be if JLP had stuck to monetising PGM's instead of chasing new projects as most PI's wanted. We would now have PGM expansion and increasing pgm prices without the fine chrome and Kabwe project costs. We would be in the money ala SLP. Hey ho - roll on Kabwe and the July results.

Keep posting Geng - the most useful posts on here by miles - your charts tell it as it is at the time they are posted - interpretation may vary - I do my charting differently and I am most positive when I get the same result by different methodologies. Break out is getting closer - it had a sniff this morning - sentiment being repaired - speculators taking the sp to the starting line. The race is still to be run.
For those non chartists either:
a) woo woo the train is leaving the station - we are going to be rich (insert own emogees here).
or
b) the CEO is rubbish, they are producing rubbish, the share is rubbish, the share price is rubbish (fail to insert any reasoned discourse here).
There something for everyone - what's not to like.

JLP seem to have moved their stance a little - 3rd party material for sable has been elevated in the last couple of communications. Looks like Colin's opportunism is holding sway. next news here should be something on the licence to mine - according to my calculations it should be due any time now - so had a little punt that it will be here before the end of April and before any more cash is required. .65p to .7p is easily possible on speculation and over 1p on granting of a licence. Pure gamble on Colin delivering - GLA DYOR.

Well well well - I have been mugged again - sold up all my JLP and invested (gambled) on another Colin Bird potential hole in the ground. £3000 bet at .467p - your return was the clincher Minor Miner - always a good indicator.

Always the best way - e.g. British Bulls have got the last 6 calls on what to do with WRES wrong - anyone doing their own research and own charting will do better. A flip of a coin would give you a 50% chance of success.
If the experts got it right then they would not need to make money out of telling other people how to do it would they. In short anyone who sells you information on how to make money doesn't know how to do it.
Now if you want to purchase any of my share tips I will be setting up a web page soon that you can subscribe to.

Agree Geng - I have .34p tomorrow for a breakout or sideways for a fortnight. So 10 working days until the crunch according to charts - as you say - maximum.

A gap up that leads to a decent sized rise is a bullish signal at the time and doesnt need to be filled acvording to chartist theory. It is just theory though bssed on empiracal evidence. A bit like mankind causing worldwide climate change.

Start up August into September. Only got Oct and nov in with December being paid in early January?

Hi Topcatz - Half 1 2019 was 5 million ops profit.
Half 2 2019 was 8 million.
half 1 2020 will be higher still.
The spending so far must have eaten up all the operating profit and the cash raise (leon says so) from Half 2 2019. better things ahead - spending to reduce when Kabwe is up and running and income will increase at that point too.