Member Info for marineclark

The AIM share index is 50 percent below its highs. So can't blame Leon for that. I'm not fussed. Sell or buy, the sun will still rise in the morning. I will blame myself though for being greedy and getting in too early. I would happily sell now at a reasonable lost if I thought they business was fundamentally unsound. But, that is not the case, so its just a matter of waiting for sentiment to turn, as well as copper production to get really going and the sun will shine once again.

FIL is no longer listed as major shareholder. Haha, about time.

Any one can trade in hindsight. Lootgaloot as recall was 40 percent down when he sold, and yes there would have been volatility heading into the festive season as well as FIl still have quite a lot of shares to sell. If it wasn't for the idiot RNS doom mongering about a future of never ending drought when in reality the rains are back now, the price would have been sitting comfortable in the 4.5p's, and FIL was content to drip sell over the long period in this price region.

Fishy, I would be suprised if JLP wasn't in Simon's 2025 bargain shares list. After all, he does tip it frequently and since the price drop it is even more of a bargain share. Yes, Simon does have a large following and his tips can results in big moves to the share price. However, AIM shares has been a graveyard for investors big and small, no doubt since Brexit as well as subsequent factors such as Covid, Ukraine war etc..., and therefore one has be much more careful in the selection process in this risky and declining in profit section of the UK market. Which is why, once JLP comes good, I will be jumping ship to the US markets probably for good.

Leon isn't to blame. If you want to blame someone or something blame the UK AIM market. The FTSE all share index is down 50 percent from its peak in Sept 2021, and is yet to recover, whereas the FTSE has recovered and is in fact in new high territory just about. While in the US, the DOW, S&P 500 are breaking out out in to new highs, not just once as in the FTSE, but again and again like a perpetual engine.

https://www.independent.co.uk/news/business/comment/stocks-aim-alternative-investment-market-b2464727.html

"The UK economy, as we know, is blighted by a lack of productivity. Nowhere is this more evident than among the SMEs. The small to medium-sized enterprises have struggled to raise their game. Shortage of suitably skilled manpower, too much red tape, a heavy tax burden, difficulties with the supply chain, lack of investment – they and other factors have come together to keep output down. Successive governments have yet to crack the issue."

It makes no sense to be investing in AIM shares, except for a handful these days, and JLP is one of few worth investing in.

It could become a major in the not too distant future.

However, once JLP comes good, I will be going back to the US stock markets after testing the waters a few months ago. Hilarously I sold US stock SQ(block) to buy JLP, and that went on to almost double, and JLP to drop 30 percent. Just a pain though, the trading fees when trading US stocks, and not being able to trade live, on my platform at least - have to place a buy or sell order to trade them.

And I would like wish everyone here a Merry Christmas and a happy new year. I will be cooking the Turkey for the very first time this Christmas. I certainly hope this share doesnt end being a Turkey lol . I've got my Jamie oliver youtube videos at the ready to make sure the Turkey comes out as tasty as it possible....Maybe I should cook a goose this year instead, a golden goose.... as I think next year could be.

A break below support(4.5p) of a descending triangle of height 1p, was never going to end well, and the drop has hit the symmetrical bottom target of 3.5;, the top was 5.5 The good news, for now is that bottom target was reached and that should give the downside some breather, at least for now.

We finished today with a dragon fly doji, a potential reversal signal, that will be confirmed if Mondays price closes higher. Some very lucky folks out to getting this chance to buy at these artificially low prices, no doubt due to FIL selling the remaining of its holdings. Once its gone, the price should spring back and these prices shoud be consigned to history.

I was a little premature the last time in thinking that FIl had sold out all of its shares, and the massive volumes last week seem to support that theory, but the buggers have a few more left to sell unfortunately. No longer any point guessing the day when they have nothing left to sell, will have to keep checking the updates on the website to be certain when that happens. One thing is for sure they will run out before too long.

ALso, the incompetence the person(s) who wrote the RNS implying a impending major catastrophe, needs a good whipping on the backside. Luckily I don't think the damage to the price will be long lasting. And we don't know if the crash was totally due to the RNS or jsut FIL wanting to exit as quickly as possible at any price and if the RNS hadnt come out they might have continued to sell below support anyway.

There are major catalysts ahead as the fundamentals become stronger and stronger, and its exciting times ahead. Have some patience and I believe it will have been worth the wait. If for some reason it doesnt work out, at least you can say you tried.:)

I've been smoking too much weed...

The best guide to how to trash a share price, please read the just released RNS. :)

I would rather they not mention the power issues everytime there is some downtime. As you've said they havent in the past, and I think they will have learnt their lesson this time. If they don't learnt the lesson, we'll see the price drop to 1p before too long as panic and uncertainty trashes the share price. Best to wait until the power is backon, i,e some good news, if they must report some downtime. Unless there is a material impact on revenue, then there is simply no need to release an RNS for this reason. Just a week or two's downtime is hardly going to have serious dent to finances.

Just checked and BYD have a presence in Zambia,

https://www.byd.com/za/news-list/byd-launched-three-new-electric-vehicles-in-zambia.html

Could be the quick solution we've been looking for.

BYD have recently signed an agreement with the Japanese goverment to supply emergency power to hospitals etc.. in the event of earthquakes etc... from their electric cars. Since the invention of the revolutionary blade battery a few years ago, their cars can provide VTG(vehicle to grid) so that houses can be powered for days in times of energy blackouts using stored energy from the car's battery. In Australia, they want said cars to help with the grid in times of heavy demand and have written it into goverment policy.

Now, not expecting Africa to have anywhere near the kind of infrastructure, but at 10k per car(without tariffs), a dozen or even a 100, could be used as a backup energy generator, hooked up to DIY solar panels, and charged during the day, and could run during energy backouts. Such is the pace of chinese battery tech, blade 2, coming out next year, that these days or within a few years, energy blackouts could be a thing of the past.

Good news regarding the waste rock project:

"Large Waste Project

Jubilee is also pleased to provide a further update to its Large Waste Project containing in excess of 260 million tonnes of copper containing rock on surface.

"Jubilee has successfully extended the due diligence period for the project to the end of January 2025. In addition, Jubilee was successful in securing significantly enhanced commercial terms for the outright acquisition of the Large Waste Rock Project. The total acquisition value of a 100% interest in the project has been reduced to US$18 million payable over 12 months to December 2025 (originally announced a target acquisition value of US$30 million) of which approximately US$11.5 million remains payable. Jubilee is on track to complete its final due diligence by end January 2025."

There is going to be low volumes of trading heading towards the end of the year, so outsized moves can occur as we are seeing now. When trading volumes return back to normal mid January, I'd expect the price will have returned to where we were before this schooboy error of an RNS was released. Note to self: keep some cash spare for times like these.

From the link I posted ... I know some are too lazy to click on the link :)

...."Traditional demand in the developed world is expected to remain strong and as living standards rise globally, the demand for copper is expected to follow suit. Developing economies, which have nearly five times the population of high-income economies, will increasingly strive to achieve the same high standard of living. This transition will lead to a greater need for copper.

Take China for example, despite its enormous appetite for copper over the past two decades, it still only has half of the copper accumulated stock-in-use per capita (e.g. buildings, machinery, vehicles) compared to a developed economy, at around 100 kilograms per capita. India, the other major economy with over one billion people, also has a compelling copper story. India’s electricity consumption per capita currently stands at around one-seventh of Japan’s and one-fifth of China’s, and we expect its copper demand to grow five-fold over its pre-Covid volumes in the coming decades as electricity is made more accessible.

This traditional demand provides a solid foundation, but it does not account for the rapid acceleration of growth expected in the decades to come. That will be driven by the ‘Energy Transition’ and ‘Digital’ trends."

Will be interesting to see how the price will move once FIl have fully stopped their selling. Its clear that they have been unwilling to sell below 4.5p, based on the low volumes on the pullback. And buyers are stepping in at 4.5p en masse to snag a bargain. That is a clear line in the sand designating support. It's interesting also to see panic selling at the bottom as well and elation buying at the top, but if you keep a cool head there is money to be made here. We know this share has a habit of movie 30 percent on rallies, so at this price, that is a decent amount for traders. But the risk of missing out on the big move increases as the turnaround here with copper production materialises, which is just a matter of time.

"......Production ramp-up to drive materially higher profits

So, with diversification of Jubilee’s revenue improving its risk profile, and its chrome and copper operations an increasingly important part of the group, analysts at house broker Zeus Capital anticipate a material change in this year’s profitability, forecasting a doubling of cash profit to $54mn on 27 per cent higher revenue of $260mn. On this basis, both adjusted pre-tax profit and earnings per share (EPS) would rise fivefold to $41.5mn and 1p, respectively, at current exchange rates.

Of course, there is execution risk and we have been here before, hence why Jubilee’s share price rallied 68 per cent from 5.3p to 8.9p after I suggested buying the shares at the interim results before giving back the gains, and more (‘Lowly rated Jubilee Mining set to ramp up production and profits’, 26 February 2024).

However, with shares in the £140mn market capitalisation company trading on a forward price/earnings (PE) ratio of 4.7 and on less than three times forecast cash profit to enterprise valuation, then the anticipated step change in profit driven by organic growth initiatives is being woefully under-rated, as highlighted by the deep share price discount to Zeus Capital’s 11p-a-share target price. Buy."

"...Putting all these levers together, we project global copper demand to grow by around 70% to over 50 Mt per annum by 2050 – an average growth rate of 2% per year."

https://www.bhp.com/news/bhp-insights/2024/09/how-copper-will-shape-our-future

Happydays, thats the problem with "LTH", who spend more time on here than day traders obssessing over short term price movements, and then making emotional decisions to sell based on if and buts regarding IRH deals, etc...

Yes, the share is quite volatile, and was in a long term downtrend. As already discussed, price is in a sideways trend. I've been holding here for about 3 months now. Could have sold on the rally, as I often do , but feel now is the right time to be holding based on the charts.

Copper will do just fine. The trend if for copper demand to increase signficantly over the next decade. JLP, with the ability to scale up copper production rapidly, is in the right time to take advantage.

Best to put money in a bank for 1.5 percernt interest, than invest in stocks, as stocks is no place for the risk adverse.

That said, if support were to break that would be a different matter. Techically, you've sold at the wrong time, but that's the problem with trading/investing, often times, emotions can get the better of us, and we all know where that can lead.

Price is back to major support levels again. I would actually be buying at the bottom, not selling. I regret not doing a quick 30 percent trade on the last rally, but Ive done that in the past with other shares, so can't win them all.