PYX Resources: Achieving volume and diversification milestones. Watch the video here.
Agreed. A most frustrating thing to watch day in, day out. This isn't the only share though. I have PFC and RR too, and both of those are inexplicably held back at the moment. We must remind ourselves of the fundamentals though. A p/e of 8.9 doesn't seem too unreasonable to me for a growing company yet to really show the fruits of its labours. With the ramp up of production, it's coming, in the next two half year reports. It spikes occasionally, but organic, sustained growth, I suspect, will stem from actual gains on the balance sheet, not expectations and promises. I fully expect those promises to be delivered. We really are close now to establishing a trajectory ii's can be sure of. Slater already is.
Usually not wise to day trade this, but couldn't resist selling £10k at 17.41p on Friday. Was a bit concerned about Putin getting all invadey over the weekend. So bought and sold a few Lloyds and RR yesterday and safely back in JLP at 16.39p today. Total £900 free shares. Ok Leon, take her up again! It was really good to see some real movement on Friday. Shows there is more confidence after the results. The next one or maybe two results will really indicate our SP trajectory. Exciting times. GLA
I think you've touched on my concern there, Seis. If we're the best at extraction, great. However, we're still a comparative minnow in a big pond. I wonder if a major, seeing our progress, would be able to lure some of our expertise away with an attractive wage, leaving us less of an industry leader. I felt we frittered away our 20 year Conroast advantage by the constraints of our size. I hope we can capitalise to the fullest extent before our competitors can replicate our extraction percentages. The more companies that have our abilities, the more expensive the tailings dumps are going to get. Imho
Thanks to all that answered. Some good points made. Although I'm keen to get as swift a return as possible (who isn't?), I'd start feeling less relaxed about my holding if, all of a sudden, in the pursuit of expansion, we overstretched ourselves in the form of huge loans. I remember TW. nearly going bust as they'd borrowed to make an acquisition in 2007 or so. Then we know too well what happened. Taylor Wimpey shares dropped to 4p a share and were saved from the brink at the eleventh hour.
The other good points made below reminded me that some waste dumps are just that. Unviable waste.
I wasn't tempted to sell, just remembered the advantage that Conroast gave us in the BRR days and felt that it was an advantage not wholly exploited to full effect. We're in a much more solid position now financially and I feel the ducks are very much falling into line.
I've been trying to ascertain how many companies have the same expertise in extracting value from 'waste' tailings. I'm not quite sure how to gauge the direct competition. I hear jlp being described as having unique ability to extract value from historic tailings, currently regarded as a liability on miner's balance sheets. Are they that unique? If so, why isn't every miner with a tailings dump begging for jlp's help? If they are unique in this regard, what they do is tantamount to alchemy and the expansion, although impressive, is a drop in the potential ocean.
I'm in for £65k and it's my biggest holding. I never intended it to have an AIM stock as my largest investment. However, Leon keeps delivering. I'm quite relaxed about the size of the investment, but my impatient side wonders why they couldn't roll this out worldwide. I guess the volatility of commodity prices and the inevitable profit share of jv's are factors, but 60% of something is preferable to 100% of nothing.
HD43- I think you've hit the nail on the head. This is going to take another six months to prove to the market that the expansions will translate into hard cash. Foundations look solid, but significant earnings increases yet to be realised. Sounds good to me.
Yeah, it should have been a multibagger in the last couple of years. Oh wait, it was 2.3p a share less than two years ago. If in a year's time the benefit of copper and cobalt being added to the bottom line doesn't increase the share price further, maybe ask that question again. Increasing revenues exponentially over time will cause the share price to act accordingly. But you know that. We all do. It's just agony waiting...
Feels like 2008 to me. The crash happened because of 'subprime' loans. If £200k loans to twenty something's based on monthly repayment affordability, based on virtually zero interest rates aren't subprime, I don't know what is. As a former mortgage advisor, I think calculations based on annual income multiples was a better idea than the current trend ie Taylor Wimpey billboards saying not 'this house is £300k,' but 'you can own this for just £600 per month.'
We've learned nothing in ten years. We're sleepwalking into another price bubble, disproportionate to people's ability to pay further down the line. Inflation, stagnant wages and rising interest rates are creating the perfect storm.
Yeah, I know you're not allowed to be negative on here. Deramping is a crime punishable by ridicule from the resident oracles. And yes, I own Lloyds shares. I don't want them to go down. I just find it difficult to believe that so many feel the near future is so rosy.
Just looking at the price graph for the last five years, it shows that the price in 2017 bounced around just under £3. It was still doing that 2 years later, just before the inevitable, across the board drop when covid came about. Doesn't seem like a steady decline. I hope you're wrong about a cash call. I still think at these levels, these are a low-risk short term opportunity and an even lower risk long term one. I have £15k at 124.5p in my ISA, but am making a few hundred pounds over and over again by buy more and selling quickly. For now, I'm stuck with the ISA ones, but with a long term outlook on your side, it de-risks to some degree...unless you feel that RR. will never rise above 50% of pre covid value.
I find myself in the same position as I was in 2007. I was telling my estate agent friend that I felt there was a correction on the way, which he dismissed with a 'pfft.'
He now says he has too much demand compared to the amount of houses on his books again. Prices are still increasing, against a backdrop of tighter family budgets, inflation etc. The question I ask myself all the time is how much of an interest rate rise will stem the inflation? 1.25% just doesn't feel enough to me. It'll be great for us shareholders, up to a point. At what level does the increased revenue for us turn to defaults? Probably not 1.25%, but will that be enough to stem inflation?
Eventually, the switch in lenders' policy of lending based on affordability, rather than income multiples will expose the system for what it is: a temporarily effective one, based on the assumption that interest rates will be perpetually low. As of now, that'll begin to be put to the test.
Just the musings of a daily reader, rare poster, eating his toast and thinking 'well, Plato is effectively self-publishing a novel in chapters. I'm just sharing a few thoughts.' Hope no-one minds, even though they may disagree entirely. I'm cool with that.
The impending interest rate rise is a good thing for Lloyds, or is it? Rising interest rates could trigger a collapse in the overinflated housing market, Lloyds' bread and butter. Careful what you wish for or, at least, hope these rises are executed in a very cautious fashion! Imho
Maybe 14.73p on April Fool's Day was a joke. Nice 15% rise in nine days.
Have to agree with Papaduke. To keep referring to JLP as a miner is to completely miss the point. I'm sure if an oil company were to announce that all the oil they produce was lying at the surface, ready to be sucked up with a giant straw, it'd be shouted from the rooftops. By the same token, people would be clamouring for this 'under the radar' stock if they knew we had zero mining risk and, more importantly, expense.
Very positive assessment though, in spite of the glaring omission. I'll take double the current share price with enthusiasm, if the prediction of Shing happens.
When I was a mortgage advisor in the nineties, we had to charge customers a 'Mortgage Indemnity Guarantee' insurance cost to cover the lender against loss in a downturn. For the lender, it covered 25% of the property's value against loss in the event of repossession.
To offer 5% mortgages right now is reckless. House prices have, or are on the verge of, peaking/plateauing. Interest rates can only really go up in any meaningful way from here. We are about to learn the effects of Covid on the economy. With the economy on governmental life support, only when it's removed will we see whether a significant slump will occur. Lenders now lend on 'affordability' value. Instead of lending 2.5x joint income multiples, lenders now look at monthly repayments and whether you can cover them now, kicking the 'potential curveball' can way down the road. In London, FTB are having to borrow up to 16x income.
It all smacks of desperation, in a perfect storm of inevitable headwinds barrelling towards us.
I'm in here at about 80%. I'm hoping for 45p.
Government guarantee schemes are great for us. Papering over the cracks in the housing market long enough for us to make some money is all I need.
Platinum up 5% at 1327.35.
The scope for expansion is huge. I hope we're talking to every mine owner about tidying up those unsightly and environmentally unfriendly tailings mountains. Leon alluded to his intention to spread out around the world, but was a trifle vague. Our business has oven ready expansion capabilities I couldn't see during the BRR days, when I was focusing on Conroast as a main reason for being invested. Expansion could be and hopefully will be, exponential from here. When people refer to a business as a 'gold mine,' they usually don't have in mind a mine where the gold is neatly piled up in convenient heaps for immediate processing into cash. That'd be too far fetched, wouldn't it? ;)
Didn't think I would get a chance to buy more at 10.5p. Happy days, as this is a medium to long term hold for me. A lot of growth in share price to come, once the dust settles and the expansion returns start to come in earnest. I now have about £12k worth, average approx 11p. No more for me. Now I wait...