Member Info for marineclark

That is the narrative going around in the mainstream media... Russia is the enemy, China is the enemy. Hasn't stopped Russia from selling oceans full of cheap gas, nor China from selling its good, to the US and EU.

The European union itself was set up to prevent wars, so globalisation is a good thing and makes wars,(nuclear) less likely. I would happily buy a 10k brand new EV car, if it wasnt for the tariffs.

"The BYD Atto 3 has a 2.4 kW V2L (vehicle-to-load) connector. It can also be charged at different charging points with different maximum powers and times:

1-phase 16A (3.7 kW): 19 hours and 15 minutes

1-phase 32A (7.4 kW): 9 hours and 45 minutes

3-phase 16A (11 kW): 6 hours and 30 minutes

3-phase 32A (22 kW): 6 hours and 30 minutes

The cost to charge a BYD Atto 3 at home in the UK is about £15.19 on an average tariff. However, it could be as low as £4.34 if you switch to an EV-friendly tariff. "

Now string a few dozen of these together....

The japenses government has already seen the potential, and have signed a deal with BYD to provide power to critical infrastructure such as hospitals in the event of a emergency such as earthquakes,

These new batterys in cars are a game changer....

That's not to say that linear isnt bad, just depends where you starting figure is.

Northman1, you are assuming a linear increase in production but when the cash pile grows copper production units can be scaled up accordingly., exponentially even if money allows, 5 units next year, 10 the year after etc..., once the money starts rolling in....

It wasnt and isnt rocket science buying at these prices. I was fully tranched out otherwise I would bought like there was no tommorow, like Genuise3. There are some here waiting for much higher prices while they wait for "better" news to come.

Thats the best way bottomsup, to buy in tranches. The funds selling is a rare opportuniy to buy at prices that may never be seen again. It would a stroke of luck to time the exact bottom, so buying in tranches near the bottom is a good strategy. Now , just imagine once those 25k tonnes of copper production is achieved what the price could be. It may seem like a distant dream right now what with all the doom and gloom, but no one ever won the lottery by not owing a ticket. DYOR.

I'll be happy with 30p in 2 years. Or maybe 2 percent interest per year annually in bank? or is that 4 percent these days.

However, I do agree that buying before and during the period of a fund selling is not a good thing. If I had known that the fund was selling I would have stayed well clear until I knew it was over. However, there comes a point, when if the business if valued less than 50 percent of net assets, then that for me would be a buy signal for me regardless of any short term bad news providing the business is fundamentally sound, which this is. I certainly wouldnt be buying if it was a zero assets binary risk explorer.

"Assuming institutions sold to IRH at an average 5p and an eventual takeover price of 15p, for 300 million shares that represents £30 million in lost revenue to the three institutions. It is just not realistic that that sum of money could be clawed back in side business without raising some seriously ethical and/or regulatory concerns."

So if I a sold Nvidia at 10p and later it sells for 140p than I lost money? Sure it a missed opportunity but its not money lost. A couple of million is peanuts for these funds. Problem is JLP is a liquid share so they are taking advantage of that fact, and as mentioned many many times, for some funds its not cost effective to run if assets drop below a particular threshold. If they are selling on insider knowledge then it would be illegal.

I wouldn't be buying back in while its cheap as chips, best to wait till its much more expensive to buy in.

Now that I think of it, with AI, my favourite car series knight rider is now for real.

Gen3,

https://www.youtube.com/watch?v=zIKAn8yDkpA

If JLP comes good, you'll be able to afford one of these, a BYD U9 electric super car that can jump over pot holes and road spikes. You can kiss hydrogen goodbye.

China's BYD blade battery has revolutised the car market and the combustion engine is fast on it way to becoming obselete. Hydrogen cars is a non starter.

Ahh Genises3, I didn't know you had an account here. 4 million shares is quite a holding. I hope we get 30p in 2 years or you do, though its doubtful I will be holding that long as I want quite keen to be trading US shares. Pity I sold out of SQ(block) to buy this a few months ago, it would have worked out perfectly if I had done that trade now.

It's funny that over at ADFN Genises is filling up on JLP like there is no tommorow. A genius or a madman? I think he(or she) has got right idea. I'm sure he will be laughing all the way to the bank this time next year. Also a good stratgey, for those procrastinating, is to buy in tranches. That way, you have a position for when this takes off, and you have cash to spare if this drops lower. Can buy a tranche each quarter even, though I personally wouldnt have the patience to wait that long. Buy as for dropping lower, its already at 50 percent below net asset value. How much lower do you think it will go? This is a volatile share, so some good news, and we could be up 30 percent in a week again, as happens time and time again with this share.

The last RNS really hurt sentiment here dropping 20-25 percent in a day, but I think they've learnt their lesson and hopefully there won't be a repeat of advance warnings of energy blackouts that fail to materialise on a impactful level.

Of course, one has to wonder why the Funds are selling, and the selling is killing the share price. We have gone through the reasons already, and to repeat this again, but it needs repeating, for some funds the benefit of keeping a fund open is no longer cost effective if the size of the assets in a fund and below a certain threshold, which can be in the tens of millions, which may sound a lot to PI's but to a fund, is not considered that large.

Now if the funds have inside knowledge of something sinister and are selling for that reason, than that is illegal and an RNS needs to be released.

Yes it sucks for long termers who bought in the much higher, but looking at the case for investing today to hold for the next year or 2, not yesterday or last month, for the copper prospects, I fail to see how the bet here is a poor one. Not guaranteed, unless you want 1.5 interest in a bank account, but the bet now for a medioum term is a hellava good one, imo.

KevH, my tip for the year is JLP. Its at the top of my list. Bear in mind that JLP price will track PGM prices, so a buy and hold forever approach won't work. And holding for 5 years would have worked, but only if you had the awareness to sell when PGM prices had peaked and started its decline. However, copper prices are high, and is projected to stay high for years, so now that JLP has moved into copper production, its just a case of scaling up those production units and the tills will be ringing. With that knowledge, I believe now is the perfect entry point for a long term hold, given the steep decline, and cushioned by the fact that current market cap is well below net asset value. Yes, it may still drop in the short term, but a long term position from this point seems a good bet to me. You can't escape risk in shares, why not scale in risk, and buy a tranche now, and buy more later as you wait for "good" news, when the price will be much higher.

As for your other tip, I'm not interested in binary play explorers with zero assets. I was interested in such shares a decade or so go, well before Brexit, when some of these would 5 -ten bag with just a whiff of good news,but those days are long gone, and a casino is a preferred now to them. My other tips would be in the US markets, not the UK unfortunately. When my JLP bet comes good, I will be doing more trading over there.

Kevh,

I'm sure you have a long list of quality AIM shares at hand to invest your hard earned cash. If so, please feel free to share with the rest of us. If not, then a quality company such as JLP isnt not a terrible place to put in ones cash, for the long run, from this point where the copper production is planned to take off in the near future.

The weather forecast is rain all week. When I checked it a week or two, it was the same. Funny, how they release a RNS for a "noticeable increase in the number of hours of production lost" and yet no mention when the its been pouring for weeks. and the increase was even in hours not days. The ineptitude is remarkable.

Looking at the balance sheet as of Jun 30 2024,

Total assets = $414mn

Total liabilities = $159mn

Giving Total equity of $255 mn or £205 mn .

Current market cap is £105 million. So JLP is currently 50 percent below asset value, which is bonkers. The problem is a fund is forced to sell irrespective of the fundamentals, we get the situation we're in now, where if the company was sold today, the instant profit would be £100 million.

Don't forget that Zeus capital has 11p price target, which is a nice 3 bagger from here.