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Expansion is a tricky thing to form an opinion on at the moment. I'd prefer they did it organically and with caution. I'd love to see JLP go global, but too much, too soon could be dangerous. Personally, I think the only rush is to secure tailings dumps around the world without committing too much capital to processing plants yet. The more companies like JLP prove these dumps are not waste, but a lucrative opportunity to maximise profits, the more expensive their acquisition will be over time imho. These are volatile times, so why not acquire tailings now, before the predicted copper shortage, and while PGMs are at a discount?
Said in a December interview that the expansions and commissioning of new plants should at least double our earnings. PGM prices notwithstanding, he's on course to deliver again. The market and investors are starting to trust him, more so now CB is out. However, people with long memories, like myself, who lost money through BRR, are going to fully believe only when the figures are on the balance sheet. Which is soon, starting with the upcoming results. Re-rate coming IMHO, but not until the figures are in. We're still AIM.
I quite often buy £20k worth and sell at just 1.5 pc profit, making me £200. I also have a core holding of £40k or so at £1.025 AVE. I do the day trading again and again while waiting for my main holding to return to profit, which I believe it will. It's very much worth it when the price goes up and down. Anyone that listens to Mike with his enthusiastic over-use of exclamation marks and giddy cheerleader blinkers on needs to take other advice too. There was another poster called Mikey Sunday on the JLP board, using the same amount of childlike optimism and exclamation marks. Hmmm. I don't even know if paid rampers are a real thing, but if they are, he's probably one. I'll keep my core holding and day trade as well, as I eventually win either way....and if he knows what the share price is going to do and what time (!!!), name the source. Absolute nonsense, filling the board every day.
Share price apparently is 14.9p. I can only get 14.5p to sell. I can usually expect to pay .2p over the indicated SP if buying, and get .2p under if selling.
If I try to set up a dummy sell, I'm offered 14.512p. I don't get it.
I think it's dropped because of the increasing inevitability of 2008 repeating itself. Not only will the demand not be enough to keep prices rising, it'll not be enough to stop prices from crashing, as in 1988 and 2008. No more boom and bust is a reassuring mantra, but it's rubbish in reality. As a chippy in 2008, Wimpey were throwing money at us one day, mothballing all their sites and on the edge of bankruptcy the next.
I had £17000 worth at £1:24. When it dropped, I bought more, averaging down. It dropped again, so I bought more again. I now have 3x what I intended, but am happier with that many at £1.025 than fewer at £1.24. I guess that's a common story amongst us holders. We had seen it north of £1.40 and felt we were getting a bargain in the low £1.20s. That's how.
Some people will always do better than others. When lefties finally get that life 'isn't fair', they'll be much happier. "Boo hoo, he's got more than me."The alternative is socialism/communism. Everyone should be responsible for their own success or lack thereof. Striving for something is what makes life interesting. Some are bound to fail. That's life. Compare the 'struggles' our 'poor' have to deal with and compare it to some of the actual poor in the world. Jesus. Whining socialists can go on.
It's a bit like complaining about a big tax bill. It's a nice problem to have. I don't think a decent return on share price increases is unreasonable. He is going to be steering the ship, after all. More importantly, if the share price was to double, I could retire...and I'm doing nothing. I'd like nothing more than for Ollie to get rich. I'll be doing the same. All he needs to do now is keep us on track. The ducks are already in line.
Yeah, I can't say that all those new shares is ideal, but the upside, imho, outweighs the sting of dilution. When we borrowed, we were a minnow that had little bargaining power. I'm sure the BOD didn't look for the worst deal they could find, but it should be the last such deal we'll ever have to make. We have 20million or so in the bank and earnings set to increase exponentially. For me, few reasons to sell and every reason to hold for a year or so. If we're still languishing in a year or maybe a year and a half, I'll probably be pondering my investment too ...
To each, his own. We all have different strategies. I bought around 102,000 at the closing bell on Friday. Thanks for selling them so cheap hehe. If I had an average of 8p, I don't think I could feel much safer than being in this stock. They've bounced up to over 17p at least four times in the last six months. Surprised you didn't wait for at least another inevitable bounce before selling. As you say, copper is now ramping up and cobalt is in our crosshairs...I wonder if, in a year's time, you'll be lamenting the missed opportunity to triple your stake to nearly £200k. We were touching 21p within the previous year, on a lot less revenue than our target. Personally, I think that's conservative, as do a few of the broker recommendations...
I think either Colin or Leon said a while back that the share price was of no interest to them. I have faith that there's significant upside and broker's estimate the same. But, on paper, we haven't produced any copper yet. SP rises will have to be completely organic ie when copper and cobalt production are not speculative numbers but actual figures at the end of an accounting period. It's that simple. I've seen posts on here for a decade bemoaning the 'lack of communication.' It's not going to change. Communication comes in the form of figures. If we keep, say a P/E of 8, higher profits, which are coming, will result in a higher SP. Barring any unforeseen events, it's a mathematical certainty...or as close as it can be
Will be the catalyst for SP appreciation. Not much else. Most holders are down on paper ATM. If you don't feel nervous about a sliding SP, you're a better man than I. It was around £130 a couple of weeks ago. It's the same with JLP right now. Stellar results, up 20%, then down 17%. That's AIM for you. Remember though, no-one respects a whiny bed-uetta.