Member Info for sixoclockticket

As much as we would like the share price here to rocket next week, the market is reasonably pricing what JLP is now. £370m’ish EV is over 2x revenue and PE of 12’ish – reasonable valuation.
Of course, we know it will be worth far more this time next year, but that only crystallises into share price either when there are meaningful results or news, or there is a sustained shift in the value of the product, metal prices, or there is a sudden uplift of sentiment, tips or speculation.
Sometimes we just have to be patient. News will come, metal prices will rise or fall as they will, and sentiment will build as investors buy into the Jubilee story. I’m convinced that we have cracking future fundamentals, great IP, strong leadership, growing market and I’m still adding to my position at these levels fully expecting to be 50-100% up in 12m.

I'm rather sceptical that ACAM will end up as a strategic holder. The RNS this morning basically shows that they have 209m shares which was the conversion of the $7.8m. So all the shares they converted in Jan21 (88m for converting $2.5m of debt and interest then) they have already sold off. Hence not a great deal of confidence that they will hold on.
And damn sure they'll want to make extra arrangements like that, why wouldn't you?! A loan with interest, plus option to convert is basically a no-lose game - unless JLP goes bust they get paid the loan plus interest, but they also benefit 100% if the share price rises and they elect to convert (plus conversion of interest to shares at same price) rather than be repaid. I tell you, I'd like some of that action!!
ACAM also took a similar arrangement with BEN not so long ago, which I was critical about.
I made a couple of large purchases this morning, both of which were quoted nearer the sell rate than the buy rate at the time. So I'm maybe thinking, the buys are going through at supressed rates as the market has a lot of shares to sell? That could hold the share price back a bit if ACAM are selling down some/all of that conversion, but fundamentally JLP is still undervalued so I'm happy to top up more at this level.

There's little else going up in the market now, save a few odd shares jumping on good news, but principally non-Russian miners and oilers are the game in town for the present. So I think we will continue to see upward momentum trades, bolstered by increased commodities prices whilst they continue. So the short term story still looks up and up. How far I think it more determinant on when that sentiment swings the other way, but a few good news releases from Adam will certainly help to underpin any rises and negate slipbacks.

I've been in since 12p and topped up through 20's, 30's, 40's 50's and 60's but haven't for 70/80's yet. I've sold some other holdings but keeping that in cash for the time being - the whole market is just so unstable.

What an appalling financing arrangement! Short term, well below market value, stupidly high interest rate for current climate, and interest paid in more loan notes so compounding interest at Amigo (substitute you favourite high street loan shark) effective interest rates. Absolutely frightful and smacks of back handers I'm afraid. CFO should be forced to resign and I'll be voting against reelection of any of the directors who have supported this. They could have done a lot, lot better than this!!! Still believe in the prospect here, and I have have a six figure holding, but that is shocking.