Member Info for Kalan

Good to see your main retirement strategy isn't based on JLP bottomsup.

I'm 65 now and retired 12 years ago. If I'd waited for JLP to come good I'd still be working lol.

Many of the earlier smaller trades were buys but recorded as sells shuvllin. It's just computer assumptions on any transactions being below the mid point of the spread always being sells, which they aren't.

Copper has got an 11 handle now. Gold had worst week since 1983.

Big selling pressure in risk assets today. Bitcoin ,gold, silver, platinum, base metals all down. Money going to bonds for the improved return now rate cuts are being taken off the table and to cash, awaiting a better day for investing.

Somebody bought a million shares Shuvlin - so there is interest as you say. Then the seller got 1.5 million off their balance sheet. Price dropped a bit since.

NTF is that Monday and red dot mean a bad day on Monday?

Leon would oppose any offer as he owns so few shares that it could not possibly compensate for the loss of his salary. Other shareholders would be in favour. Will this cloud cuckoo land?

Seller still dripping shares into the market - had to fall from 1 and 2 million sells to 500,000 at a time.

Yeah yeah you I have no evidence blah blah.

Just for the record - there's no point hoping the shorters get burnt when no-one is shorting JLP.

Good luck - we are all here to make money and it's best to have a strategy that works for you. JLP rises quickly for a short period and then falls slowly over long periods. Not the most exciting to trade but reliable. You will be out more than you are in and probably have a better chance of profits.

Have you been looking at JLP five year chart nevertogiveup or is sub 2p just gut feeling.

Such a baby. assume he's still holding all the way from 22p.

Sold all my shares and all the grandkids shares 2 weeks before the conflict started. Trump sent all those ships out there for a holiday did he? Also my research said commodities were in bubble territory. Also some countries were starting to raise interest rates when everyone was still talking about how many cuts were going to be made.

We don't discuss any of these things because of the shut down mentality as those like the baby.

3.2psupport been broken - my posts are below - rinse them into hindsight if you like.

p.s. this is not the start of a discussion or slagging of match - somebody throw his dummy back in the cot.

@shuvlin

Further to yesterdays chat.

This morning on the markets Oil up 5%, inflation prospects being revised and hence interest rates and growth. silver drops another 5%, gold 1% down and copper drops another 2.4% wiping out all 2026 gains. My scenario is playing out BUT as with covid there are short term moves and the longer term moves could be the opposite way as you suggested. The copper story may well reassert itself very quickly.

Just looked at Bar Chart (a company that uses indicators to give investment advice) and they say JLP has entered oversold territory, below 30% RSI and suggest that it is most likely to continue it's downward trend, indicating that JLP is a weak sell.

It doesn't mean they are right, any more than I might be right. We agree this time.

@chatmandu

The fall in the share price has accelerated in recent days chatnmandu which means it would take quite a sharp v shaped recovery to halt the fall and begin to put a bottom in. My instinct is not to buy now as a fall through 3.2p looks likely.

Under normal circumstances the RSI (strongly oversold) and MacD are indicating an upward correction to 3.5p is on the cards. I'm afraid that the persistent large seller is overwhelming the smaller private buyers. We saw what happened before in the drop from 8p area down to 2.6p when every support level was taken out after showing signs of some resistance.

Sorry I can't be more helpful. The charts help indicate the herd feeling, which is it's due a bounce at 3.2p but the strong seller can overwhelm the herd on AIM.

Without positive news today or tomorrow or the seller stopping selling , then 2.8p is the next point of hope in my humble opinion.

(p.s. - the charts indicated the last rise should have petered out at around 4.1p to 4.3p but carried on up to 5p - I posted then of irrational exuberance and an element of pump and dump in the share price - large fish in a small pond can have a disproportionate affect on the sp.)

If I held shares I wouldn't sell now but would hold off buying until the fall stops. A a non share holder (not holding any shares at all) I would like to see the financials and also s ign that the conflict in the Middle East is abating before committing.

Hi Shuvlin - you state that precious metals and industrial metals will soar if the Iran conflict continues.

Have you considered the opposite?

Precious metals are a safe haven for investors in bonds who's return falls whilst inflation remains high. Today, the inflation rate in the USA is rising and interest rates will have to rise, not fall as those investing in gold expected. Gold provides no return, whereas bonds do. I expect a gradual return of money from precious metals (gold for example) to USA denominated bonds.

As for industrial metals, they will be in less demand as oil prices drive up inflation and reduce world growth.

Inflation rises, then so do interset rates, with the express desire to lower demand.

We can see this today, with a 5% rise in oil prices and an unexpected jump in US inflation, resulting in copper falling by 3%.

Copper now down to around $12,300.

Still very healthy for low cost producers, costs are rising however. JLP seems to have missed out on this great leg up in copper and precious metals but appears to be catching the downdraft of falling copper prices.

A perfect negative storm, if you will.

Cash is king for now - the copper story hasn't gone away - putting £20,000 into cash ISA on 6th April. Looking for bargains as they emerge - if JLP can produce a decent amount of copper it mat well be a tremendous bargain. At what price and when are my questions. Like trying to catch a falling knife at the moment I'm afraid.

Just an alternative view from the same scenario.

On Trump - yes he's a vile man and so is our Prime Minister - Britain would be doing much better under Trump I'm horrified to say.

Excellent point goinggoinggone. The LWP owners of shares would only be selling if they were forced to take shares and didnt want them. They mayvhave elected to take shares out of the options proposed to them? Probably isnt them. But you never know.

Posted a while ago about support levels being at 4.5p, 4.0p and 3.5p.

I was asked if I would buy in at those levels - i said I would if the charts indicated a bottom was in/may be in and I would average in.

Didn't buy at the 4.5 and 4.0p levels due to charts indicating lower. Not bought at current prices either as the fall continues.

3.5p may hold but buyers will need to emerge in the next 48 hours I believe.

Next 2 support levels at 3.2p and 2.8p.

Watching daily now for signs of a bottom being put in. Would prefer to wait for the end of March (possibly) finances for first half so definitely won't go all in, rather drip feed when the charts turn from sell to buy. GLA.

I think scale drawings would be a better indication Happy Days. But for the sake of arguements, lets say JLP has potential in copper mining and hopefully processing.

I think scale draeings would be a better indication Happy Days. But for the sake of arguements, lets say JLP has potential in copper mining and hopefully processing.

Hi Northern. They hadn't published any drilling results when the Sunday Roastvteam threw in Tier 1..Strange thst you didn't say they were spouting rubbish. No because it's what you want to hear. Look up the description of a Tier 1 asset. Even with 2 limbs proven in one large deposit JLP will be noway near Tier 1.

I'm not spouting rubbish. Leaving that to others.

It is 5%. Ive calculated it. Could increase to 10%+ of a tier 1 if exploration goes eell. Need to 'report' Sunday Roast for misleading too.

Operating losses from ongoing operations i.e. copper will come out on 31st March or later. I think we need a figure of how much has been invested in copper so far and anticipated remaining expenditure, so we can calculate a return on investment. Negative or positive. How many tens of millions so far anyone?

Still what matters is how much more, £70 million? And how soon we get to break even.

It's 5% of the size of a tier 1.

But that doesnt matter as long as it has 10 years plus and churns out profits at a good return on capital.

Financial results for first half out on or abouts 31st March. 2 weeks or later. Should be nlightening.

Watch out Chatmandu you will be in Northern's 'Tosh' bin along with me.

Some facts - Leon is well paid. Leon has 'skin in the game' through options granted in lieu of bonuses that were awarded for massive underperformance. Shareholders have come and gone here for years and years complaining thatLeon does purchase shares and therefore the chances of the sp rising significantly were low. They were right. The share price has averaged around where we are now for 20 years.

The front end of Roan doesn't work. The water content problem wasn't forseen. Investors have their fingers crossed that the extra expenditure and running costs of the dewatering system allow the front end to work.

The large waste project relies on the Roan front end replicated. The LWP is therefore awaiting the result of the dewatering system. each module will also need a dewatering system and the extra associated costs.

Molefe mining into Sable is an area of hope. Mining and stocking lots of lower quality stuff. need to get units in place to upgrade the material - awaiting drilling results for deciding the location (or has this been done now) and also for mine design. Meanwhile pitiful amounts of copper being produced at Sable from Molefe mined material. About to double, but still a pitiful amount of copper.

It's all spend and hope at the moment. The copper being produced is also at a loss.

Quarter 4 will see an increase in copper production we hope but no way will they meet even the bottom end of the conservative target they set for themselves.

Shares are about risk and rewards - the rewards are potentially quite big (3 bagger+? from here) - the risks are all around and happening now.

P.s. fuel costs must be rising, just saying,

So how much is JLP worth today - the market says 3.6p ish. How far is the potential downside from here? How long until we prove something works and JLP actually produces copper from one of the 3 strategies at a profit?

Anyway - enough Tosh from me - going to gamble here at some point but not today. GLA.