Member Info for ontarget

Because they have more than 3%

They’re a market maker, their holding fluctuates on a daily basis.

'ere as bored holders dribble out in a paper thin market.
If the company can't muster any news then some director buying wouldn't go amiss perhaps? Directors with options at 3.5p can now buy at just above 2.5p in the market.

Big change in the online limits today. Low buy limit, can sell any amount at above bid.
MM's ready to march it back up again.

Yep, bodes very well indeed.

Now we just need CB to wake up and remember to update us on Glenover and we might be off to the races.

TigerByTheTail
Posts: 1,564
Opinion: No Opinion
Price: 2.75
Call Summary
Today 09:46
I'd highly recommend listening to the call once it is posted on the website. For now, here's my quick summary:
1. Leon Coetzer very impressive, especially in the section where he laid out the broad company strategy for Jubilee Metals. The end game would appear to be a metals recovery partnership with a large global diversified mining major - possibly that would involve a buyout. (BTW, copper recovery again received a couple of mentions.)
2. On Kabwe, LC was very clear that the Zambian Government are giving them "full support" and that they have approved the revised project timelines. At one point he made it sound like the Zambian Government may have insisted that Jubilee take full control of the Kabwe project. Jubilee have also set up a technical centre in Lusaka and are involved in training university PhD students.
3. Zinc circuit at Kabwe should be complete by April 2019, and then the lead circuit should be complete 3-4 months after that. Vanadium will come last.
4. Zinc ore from Star Zinc will be processed at Kabwe when it becomes available (good news for GLR!)
5. LC didn't answer questions about throughput at the new Kabwe plant, but he made it clear that it will be much larger than BMR's planned plant. No profit estimates or anything like that.
6. LC also made it clear that Tjate was either up for sale or that JLP were seeking a JV partner (presumably with a free carry for JLP).
7. There was also a good deal of useful info on the platinum / chrome projects.
8. Finally, LC made it clear that JLP was following a rapid growth strategy, and that there would be no dividend payouts in the near future (that's fine with me!)

Moved up on the bid. Let me guess, they are now going to walk it back up to 1.5p to offload some of the stock they accumulated on the drop?

So you held this stock at 10p then sat and watched while it dribbled all the way down to the current price range. Did you not consider at any point that you might have bought on a spike? Didn't you think of perhaps selling at any point? Did Colin Bird make you hold while the sp dropped 90%? No he didn't it was you. You bought a stock at completely the wrong time and failed to recognise this and now you moan away, because you're bad investors.

If you're interested in potash plays have a look at GLR Shukan if you haven't already.

where's the bl**dy licence??

That's why people are selling up.

c.250k of buys since you posted that. I suspect they'll be pretty much out of sub 2.8p stock.

Thanks, I hope so too :)

Any view on the radio silence on Glenover MinorMiner? Is this kind of dearth of communication 'normal' with CB i.e. its just a short-term delay he declines to talk about, or do you think it could be something more sinister?

Only a matter of time before we find out what the good doctor has up his sleaves.

Bored sellers by the look of it. Have taken advantage and added.

They sell when people buy, because they're a market maker.

Not seen that before - every singla MM all six of them are lined up on the 0.60 bid.
Don't think we're going below 0.6 any time soon!!

The reason they have to report their holding is because it's above 3%.

I can only guess this is because they took a large proportion of the last placing with a view to selling on to PIs?

FFS Peel Hunt are just a market maker here - their holding naturally fluctuates as other parties buy from them or sell to them.

No, they're your moaning, pessimistic opinion.