HPC_Follower
24 Jul 2019
Lift off! Really need to see some profits in the accounts now, perhaps even some debt paid down… JLP is one of several companies I’m invested in that never quite seem to reach a stable growth position in terms of profit against debt.
jaytee41
17 Jul 2019
Lift off! LOL - dragged you out of the darkness ha
KALAN
17 Jul 2019
Lift off! Opposite of lift off is lift on. Is it? Fall off maybe. Fall on? Maybe the lift is off because it’s broken? I think it’s more like hold off - no need to buy because the big news is a few weeks/months away - with an element of hold on - those who will not sell until targets are reached (me) the outcome is stalemate with a little rise on news and a little fall afterwards - hold on it may be lift off soon!
jaytee41
17 Jul 2019
Lift off! Think this thread should be renamed lift down 
(
dkok
11 Jul 2019
Lift off! ToT Fully agree. The DCM fine chrome circuit is now contributing meaningfully to the turnover, as 5000 tonnes of concentrate is worth between $4M and $4.5M at current prices, so if we can establish this level as a run rate, then that is close to $50M turnover per year from DCM fine chrome alone!! This is a no brainer in terms of rolling out the same technology for Hernic etc., possibly with equally positive results. Then we have Hernic PGM’s, Platcro and Eland, and that is before you even begin to consider the impact that Kabwe should have from the end of the year. JLP really is now begining to look like a rather large moth which is just emerging from its Chrysallis. Within a few months it will have filled out and in 2020 it should be ready to really spread its wings and show us all what it is like in all its finery! Can’t wait. My shares are remaining very sticky in my hands, and when a property sale goes through in a weeks time, they are going to be joined by at least as many again, as I am completely convinced that JLP’s SP is going into double figures in the next year. glta dkok
HPC_Follower
11 Jul 2019
Lift off! I concur… but they must have made the investments with at least two likely suppliers of ore; with economics dictating the preferences assuming the sources can’t easily be mixed due to inconsistencies on copper content. I would imagine that they would give preference to their own tailings but we should be told soon. SP uplift will come when the work flows into actual profit figures.
the_old_trout
11 Jul 2019
Lift off! Well we still do not seem to have achieved escape velocity despite today’s excellent update. Maybe everybody is waiting for a podcast or an updated broker note but for me the Zambian government’s approval of Kabwe is a massive milestone. The big question is where is all that copper going to come from? We need some clarity on whether they are going to be toll processing for others or buying up tailings or a mine themselves. There is obviously a plan and hopefully that will become clear in a podcast. In the meantime we are stepping up production of PGM’s just as prices are starting to skyrocket. I think we are in the early stages of a new supercycle in various commodities and JLP should prove to be one of the big winners for the patient investor imho. Tot
jaytee41
25 Jun 2019
Lift off! I’ve been out of VRS for a few months now Kalan - I think I mentioned it on the VRS board. The political situation with China isn’t all that good and I wonder, after the change in govt, how long the DTI will release their guys to Neill. All those MOUs etc and not one contract has me worried however, as ToT said, once they get the first contract running there will be a scramble for the shares.
the_old_trout
24 Jun 2019
Lift off! Hi Kalan, The VRS chart is very ugly and I’ve been unloading my holding over the past month or two and adding HOC, BLOE, JLP and others. As I see it the neckline hasn’t been breached yet but it is very close and only a large commercial order will save it from freefall. That could well happen in the near future imho and then there will be a massive scramble to get back in, as others will surely follow. JLP is looking poised for a breakout now imo despite only five trades this morning as there are five market makers bidding for stock and only one on the ask, so there must be significant orders in the system imo, as it’s been a long time since we’ve seen five MMs competing for stock here. Total bid size @ 3.20 is 1m compared to only 150k on the ask @ 3.40 yet some PI’s are still selling. You couldn’t make it up! ATB, Tot
KALAN
24 Jun 2019
Lift off! A bot of an off topic here for Jaytee and ToT - don’t know if you are both still in VRS but to this very amateur chart reader there appears to be a massive head and shoulders pattern there with a break below the kneckline having occurred. This indictates that the share is heading all the way back to the 13p area. Now this doesn’t seem to add up with reality given the progress the company has made and I am probably misinterpreting it. Just thought I would run it by you two away from any VRS boards where my post would be set upon as a deramper I am sure. It would seem as though the share is entering a bargain territory but I am wary of the above mentioned pattern - any thoughts?
dkok
21 Jun 2019
Lift off! Here’s hoping ToT! I think there has been a bit of backroom order filling and I suspect that further ii investment has been going on mopping up shares from any frustrated pi shareholders, or those traders that had got in expecting further rises on the recent momentum, but that have decided to sell and invest elsewhere in the normal herd way. Either way, there does seem to have been a little bit more of a tick-up in the second half of this week, so hopefully you are right and there is news on the wau next week to get the momentum going again. Whatever, the ii’s aren’t having my shares on the cheap, they can pay the full value in a year or two, when we are in double digits. glta dk
the_old_trout
21 Jun 2019
Lift off! Well things seem to be stirring here again so I’ve added a few both yesterday and this morning, and we’ve now had a tick up in the bid to 3.20. The order book on level 2 remains heavily biased to the bid side so I have a feeling that we will get some news on Platcro, Kabwe or a new project next week and hopefully a proper break out this time with precious metals on the up. Fingers crossed, Tot
jaytee41
08 Jun 2019
JLP & Dementia Although the company are now only doing half yearly reports, it was nice to see one this week. All seems to be going to plan
the_old_trout
07 Jun 2019
JLP & Dementia It was a seven year battle for my mother dk, and very heart rending to see her like that, but I appreciate your point. I think part of the problem here is that the real spread is much tighter than the published spread so a ridiculous number of trades are shown as sells when they are in fact buys, the last trade of the day at 300k being a typical example given that the two previous trades for lesser amounts were at lower prices. I think this unsettles the more inexperienced PI’s and also some perhaps did not understand the significance of this week’s update, which clearly demonstrates that the company is firmly on track to become a cash cow. Hopefully Shard will produce another of their notes to help people understand how the company is delivering on its growth trajectory. ATB, Tot
dkok
06 Jun 2019
JLP & Dementia Seems that JLP shareholders seem not be able to hold on to the significance of the information issued in the RNS’s for longer than 24 hours, therefore I am coming to the conclusion that my fellow shareholders are either all afflicted with dementia, or that a significant number of wealthy goldfish have manged to work out how to purchase shares!! (before anyone has a go at me for belittling dementia sufferers, I lost my mother to that disease, little by little, day by day, after a 4 year battle, so if I can not be offended, then to the snowflakes out there, just get over yourselves) glta dk
