Yeah it's been tough.. I work in commercial finance, FCCA qualified for over 15 years and worked for some of UK largest businesses.. in last ten years done alot of work on private equity acquisitions. Has helped in my view on the potential of JLP.. hence when I do the maths on the copper story, I'm struggling to see how JLP is not taken over or reaches a mcap of 1billion
It's not wise to invest the way I have.. I've bought a big chunk from 2012 to 2020.. sold zero on the rise up and bought alot more in recent lows.. I plan to sell some of my holding around 600m mcap.. so 20p.. I don't see many better investments out there..
Rns, cropper sold his holding
Looking forward to 2025 guidance.. Next few months will be very interesting with news flow.. think JLP is a life changer at these levels.. every bit of maths I've done, makes the forward EBITDA of at least 100m.. this will defo be a billion pound company in next 24 months, in my view..
When you actually look at what JLP have achieved its amazing.. in the context of covid, chaos across the world in supply chain.. also electricity and infrastructure issues.. they now have world class operations in South Africa, and on the brink of demonstrating what they have done in Zambia.. I appreciate things have slipped, but in context we are closer today than a year ago
Key point is alot are focusing on the delivery of copper and rightfully so.. what you cannot do is overlook the incredible performance of chrome.. For me that shows a record of delivery.. copper has had its challenges, but I firmly believe production targets will be met and we are very close ( next 12 months) to being a large scale producer.. that's why I continue to add at these prices
Moving forward, but the interest in the stock is minimal.. where has that guy disappeared too..
What if copper price hits 15k a tonne.. you would easily have a 3billion pound company.. at production of 25k tonnes a year, or double the production rate and put copper price to 10k a tonne.. 275m annual profits at a multiple of ten