Member Info for RudolphToo

AT LAST!

So kind of you to break the habit of a lifetime and make your first post an unsubstantiated rumour on here. Without some posting history people will be understandably skeptical of you motives. A lot of people come on here and post so called rumours that they've just made up to drive the price down. Shocking I know. The alternative is that a lot of profit has been made recently buying BLV and people want to cash it in.

I'm sorry, I meant "You're welcome PR" It's been a long day.,

You're welcome RT, Plenty more :
In the offing - waiting at anchor off shore to be unloaded
Chockablock - when a block and tackle is pulled tight and the two parts meet
Taken aback - when the wind shifts and blows the front of sail, you stop and then drift out of control
Son of a gun - women were sometimes taken on voyages to do a bit of dusting etc and if they got pregnant, the only floor space available to give birth was the gun deck. which was always kept clear for gun loading.
I got these froma book I bought for my father-in-law who was ex RN.

We seemed to be stuck at 15p as if a large buy order was being filled. Now that we have ISO accreditation this is looking like a copper bottomed certainty to use another nautical expression. (Royal Navy sailing ships could out run the competition because in the days before anti-fouling paint, the hull was sheethed in thin copper sheet and as a result no barnacles ). Will this be a breakout to a new horizon.

I don't know who you were calling a toe-rag twix but the correct expression is tow-rag ie a rag towed behind a sailing ship back in the day. It served as a substitute for toilet-paper when relieving yourself over the side and was thrown back in the water to rinse as the ship sailed along. Not a term to be used lightly.

Very small spread just below mid price makes every trade look like a sell but almost equal large quote size so don't let them steal your shares on the cheap. £50 a trade is a good margin if they get the quantity of trades, for 100000 shares a tenth of a penny equals £100 margin, .05p is £50 so don't be fooled.

All it needs is belief that it's going up rather than down Steve. To quote a song I'm a believer.

Level 2 showing stock in great demand, don't sell out, hold on for greater things. To be a winner, don't act like a loser.

"Something is driving this."
I read a quote from HL. results this morning analysing falling age group trend in their customers. More and more people not spending money and looking for a better return. So it's the old saying again of more money looking for a good investment than good investments looking for money. I bought loads of Jim in 2016 onwards with an average price of £1 at todays prices so I sold 5%, expecting a pull back at some point but if not I was very very overweight at 75% so I don't want to push my luck. Good luck all.

https://www.reuters.com/business/energy/union-bhps-escondida-copper-mine-urges-members-strike-2021-07-28/

I'm a long term holder. Piled in 2016 at around £3.50 when interest rates were falling and it was perceived that this was hurting JIM. I believed the opposite that people were buying more equities and business would boom. My average is £1 so sitting on a tidy profit. No need to raise cash, and no better investment comes to mind so I'll stick. I might stop the drip but that would be all.

Phyl
My previous reply to your post was a bit hasty and I can see how Investopedia was a waste of you time, not clear at all.
Having had more time I refer you to the RNS titled - " Proposed Capital Reduction
The Circular which will convene the General Meeting of the Company to approve the Offer will also seek to undertake a capital reduction. This is not connected to the Offer.
Share premium forms part of the capital of the Company which arises on the issue by the Company of Ordinary Shares at a premium to their nominal value. The premium element is credited to the share premium account. Under the Companies Act 2006, the Company is generally prohibited from paying any dividends or making other distributions in the absence of positive distributable reserves, and the share premium account, being a non-distributable reserve, can be applied by the Company only for limited purposes. However, provided the Company obtains the approval of shareholders by way of a special resolution and the subsequent confirmation by the Court, it may reduce all or part of its share premium account and the amount by which the share premium account is cancelled is credited to the Company's distributable reserves.
The Company is therefore seeking the approval of the shareholders at the General Meeting to cancel its share premium account in its entirety. If approved by the shareholders, the cancellations will require subsequent approval by the Court."

The second sentence clearly says that the capital reduction is not part of the offer (to sell treasury shares),
The sale of shares happened after the shareholder meeting and is water under the bridge, You are right that eps will be slightly affected because of that sale but for the wrong reason. I hope you are clear now. :-)

We'll have to agree to differ then, but one more time look up Share Premium on Investopedia and see what it says.

No disrespect but you don't understand the share premium. It doesn't affect the number of shares at all, just how much cash reserves the company should retain. Look it up on Investopedia. The recent placing of repurchased shares was done to increase the number of shareholders and hence the liquidity of the stock. Having a nest-egg earning say 5% is all very well but you want to be able to sell occasionally.

Duke, sometimes an opportunity like this comes along, a company where the founders have a significant stake and they win, everybody wins. Not your usual zero sum game where winners = losers. My first shares in Jim cost 50p 20 years ago, I took profits at £2.50 just before they were tipped and went to £5ish. It took a few years before I bought back at about £3.50 (2016) and have held ever since. With top-ups and re-invested divis and share splits I now own .1% of the company 45000 shares. Every time I try to diversify I struggle to find a better prospect and while people chase rainbows and drive the JIM price down to raise cash for their speculative trades, I get another buying opportunuity. Happy days.

I have a very good charting facility on another site which shows the candlestick range as 112-125 for Dec7 so sorry Krusty you are wrong. It didn't get to 180 until the end of Dec.

Extract from a news item.

HANOI, May 28 - London copper advanced on Friday,
on track for a monthly gain, as traders bet on prospects of a
massive U.S. federal spending while supply concerns in Chile
also lent support to prices.

Copper is often termed as the bellwether of the global
economy and also widely used in infrastructure projects.

U.S. President Joe Biden will seek $6 trillion in U.S.
federal spending for the 2022 fiscal year, rising to $8.2
trillion by 2031, the New York Times reported, and that will
likely boost growth and infrastructure. urn:newsml:reuters.com:*:nL2N2NE14M

Strikes at BHP's BHP.AX Escondida and Spence mines in top
producer Chile continue to threaten global supply. urn:newsml:reuters.com:*:nL2N2NE1TD
"Sentiment received a boost after Biden's proposed a $6
trillion budget, including a huge upgrade of U.S.
infrastructure," said ANZ analysts in a note.
"Copper has suffered its own supply side issues ...
Escondida and Spence copper mines continue to operate, but at
reduced levels," ANZ said.

Three-month copper on the London Metal Exchange CMCU3 was
up 0.5% at $10,277 a tonne, as of 0454 GMT, and was on track for
its second straight monthly gain.

The most-traded July copper contract on the Shanghai Futures
Exchange SCFcv1 advanced 2.6% to 73,630 yuan ($11,562.14) a
tonne.

You're welcome eccles, I've been in these for 20yrs now. Own quite a few and been collecting the drip shares for ages too. Picks and shovels company, whichever way the market is moving they make money.

Soundsgullible, if you had gone the trouble of reading the whole notice that you linked to, you would have read -
The Ordinary Shares are held by Jarvis Investment Management in CREST for the benefit of YA II PN, Ltd.
You really should question what you see and not only act on confirmation bias..