Member Info for Kalan

The sp is poised to go - ready and primed - just needs that little shove Leon.

Stochastics say sp now at rock bottom. RSI is the one to watch - now at low 20's and a dip below 20 before rising wuld be bullish - not happened yet but safer to dip your toe now.

Oops too late

Why would there be an rns - there will be no news for two months and then the next rns will be for a placing to 'see us through to production, general expenses and progressing our other projects'.
There that should do it GIT

Bought my final tranche when I saw those large trades and also got half of the WRES back that I sold when it dipped to the warrant price (using JLP experience) - both in the blue already - sometimes, just sometimes I get something right, well in the short term anyway. SAVP still floundering though. Maybe next week.

Hansource sold to Lychwood who sold to Aurora who then disposed of them in the market it would appear. Negative in that none of them thought they worth holding onto but positive in that they have been taken up by people who do want them and this particular handbreak on the share price has gone. As for the other handbreak on the share price - the warrants - well this is eased off by falling to .42p, which we all knew it would, and so hopefully sentiment can improve from here and gradually recover losses in the sp - should hover for a week or two whilst mm's gauge the intentions of holders so plenty of top up opportunities IMO. Had a little nibble this morning on the drop to .42p - snuffle snuffle.

I think the trades at 10, 10.02 and 10.04 were all buys. The big trade at over a million shares is debatable though.

emailed them asking if quarterlies are to be published and if so will it be before months end. No reply yet but maybe the tick up answers the question?

The original RNS said the warrants would be exercisable today so should get a further drop in sp this week. The charts and indicators back this up.
Also noted that Masterman issued a positive rns about jig and mill two days before the warrant rns. a pat on the head before a kick in the @@@@@. Treating PI's with contempt but we are still here with our greedy little noses in his trough. Adding if it goes lower - snort.

I am firmly committed to my JLP investment but if the quarterlies aren't out today or tomorrow then I would consider that a lack of respect for investors.

Market cap around 200 million and Andrew Knott says gross value of a billion. 60% of that could treble the sp. The investment case here gets stronger not weaker as time goes by - we must be getting closer to completion not further away and the price to buy is cheaper.
Downside risk - what - lose 50% - upside gain what 200% 300% 400%.
It is always a risk - it's a risky business - fed up of waiting - yes - waiting yes.
Every time the slow stochastic indicator has hit 10 we have seen a rally in the sp - we are currently on 11.
when RSI has hit 20 we have seen a major upward correction and we are currently on 30.
Conclusion - we may get a small rally soon and we may then fall a bit more before a major upward correction. A time to accumulate IMO. Buy a small amount every 2 to 3 weeks.

The Old Trout on ii says Leon is just very busy and they will be out 'imminently' which he thought should be this week but he is hoping for Monday for effect. He phoned them.

Excellent - LMAO.
To be fair Bill, Troajan has made his mind up about GLR and then he is making the evidence fit his instinctive judgement. we may be doing exactly the same with JLP. Human's do this most of the time in my experience.
It's good that we have had the discussion though as we are all better informed.
No saying that GLR can't be a 10 bagger if you buy at the right price. Another 5 months and it could be 0.2p and then they sign a deal and start production and go to 2p - it could happen.
All of JLPs projects could come in on time with better than expected outcomes and it may only go to 4.5p.
Timing is everything IMO - buy low and sell high.
JLP was definitely low at 2.05p and 2.25p and I still think it is now.
Is GLR low at .53p - well it's lower but not necessarily low. Watch and wait there and just wait here. (Ops update 'imminent' according to ToT).

You know more about GLR than I do troajan - you stick to your guns. The £500,000 they raised will pay wages (100 to 150 grand for the rest of the year?) and JORC and mine plan with consultants and licence. May be do-able.
Colin explicitly states that he is 'going after' Kashito and he 'WILL' be going to the market for cash via a placing. He plans to get the drilling done quick to supply JLP by about November / December.
Have looked back to August 2017 when a JV was done with BMR for Star Zinc with Galileo having 51% (with hindsight this shows the mess that BMR were in) and the plan was to send the Zinc silicate to BMR but also to look for other larger processing opportunities. He says he knew JLP were going for BMR at the time and knew he would be able to get the Star Zinc processed. The trail I have briefly looked at backs up what he says was happening behind the scenes. At least it doesn't contradict the story.
So Galileo will possibly be a supplier to JLP and the plant is possibly being prepared to take Kashito and Star Zinc material. What we know for certain is that there will be a placing - not a bad thing in itself - but I would prefer to buy in after that placing given what we have seen over and over again at JLP and elsewhere.
The charts do not look good - the trend is down and will be until it changes, which could be now. There has been buying interest over the past couple of days from PI's on the back of discussions such as these but the sp hasn't responded yet. Good luck Troajan - you have piqued my interest that's for sure but once bitten twice shy for the moment.

The Platcro tailings purchase did more damage to the sp than anything else over the past 3 or 4 years. However, it could prove to be bigger in terms of profits than Hernic now that we have added the chrome production. Revenue is already well ahead of expectations on chrome. Add in a fine chrome process and the pgms coming through from northam and it could be a really big and ongoing earner for JLP. The pigs ear that has been DCM has a way to go but we are at the start of income rather than expenditure there all being well.

Thanks for the replies Total trader and moneyhawk - learning more all the time. yes GLR placing looks on the cards and won't touch it for now - it may be worthy of a punt after cash is in the bank and maybe some positive noises from Leon - until then leaving it well alone.looking forward to Hernic production back up to speed, DCM making a positive contribution, some news/figures on the fine chrome front, Platcro revenue info from better than expected recovery of chrome, plus the fine chrome application plan plus the update on pplatcro pgm,s to Northam. Maybe even a little Kabwe news. Can't expect it all to be positive but looking forward to knowing more this afternoon all being well.

I can see why you would buy GLR for a bounce Troajan - the chart says more down to come, the CEO says more placings to come but it has such low volume that it is perfect for a pump and dump - I have seen the activity around the boards and a small increase in speculative buying - so good luck but remember to get out quick with your profit if enough punters are drawn in to make the pump and dump happen.

We could still see the sp below 22p but the more time is passing the more the indicators are showing that we are in the bottoming process with up as likely as down - happy to have added a few days ago. The potential upside here looks far more than the potential downside now we are at this lowly level IMO.

Looks like the angry stage is over, now we have the I can't be bothered apathy stage where the sp drifts a little lower. Another month I think to optimism starting to appear - will hold onto my cash a bit longer until the drift down is over - sorry for the interruption, sleep well and may your greens prosper (watch out for the nuns though they love a nice leak).

Hard to keep up Moneyhawk with all of our amateur inputs. It may be that Kashito does contain Vanadium and so the drilling there is top priority for GLR and star Zinc could follow on later - hence need for placement at GLR sooner rather than later - all fabricated by me from posts on here, GLR and Colin's mumbles.
Order - Placement at GLR, Drill Kashito, agreement with JLP, scrape weathered stuff off the top at Kashito and send to Sable, blast better quality stuff at Kashito and send to Sable, meanwhile Star Zinc JORC and licensed, send Star Zinc by truck to Sable.
Might have a closer look at GLR after a placing or two.