KALAN
31 May 2019
O/T ToT & Kalan Will have another look at SML dkok - in same boat as ToT (not the barnacle encrusted one) in that I have committed to my shares and am waiting however long it takes. Agree with all posted on WRES and JLP.
dkok
30 May 2019
O/T ToT & Kalan Agree re:JLP Tot. I think some II’s are mopping up the shares of frustrated lth’s and traders who thought it was about to go up quickly, but my shares are very much sticking in my grubby little hands for the foreseeable future. Hope your impressions from Shard re:WRES are correct, as we really should be 20-30% higher by now just on the progress we have acheived at LP, but I am sure that it is just a little bit more patience required. regards dk
idg69
30 May 2019
Cheers Breezy, thanks for your kind words. I'll be OK long term, it's just a bump in the road. Business has been pretty good for 18 years so I was due a set back at some stage. Once you're invested in something like JLP you become emotionally attached (worst thing you can do) and you hang on in there despite the pitiful gains year after year. I still think 2019/2020 will be transformational for the company but I see a strong headwind coming in the form of a global stock market correction. 10 years of growth artificially funded by quantitive easing is coming to an end. Trumps trade wars, UK housing & retail slow down, Brexit shenanigans and the threat of a Labour/Corbyn government don't bode well. I want to sleep well so for me cash is king over the next 12-18 months. You can probably tell that I'm wearing my cautious trousers at this moment in time. Wishing you well. idg69
the_old_trout
30 May 2019
O/T ToT & Kalan Dk, I got the distinct impression that any fund raise on WRES was some way off and that there would be some PR and/or news to boost the share price ahead of that so I am sticking with it. Ditto with JLP as it is blindingly obvious that institutional support is steadily increaseing whilst impatient PI’s capitulate in order to chase the next hot stock. Patience will be well rewarded here imho. Atb, Tot
dkok
30 May 2019
O/T ToT & Kalan Cheers Tot, The RNS on WRES was a bit of a surprise and I only hope that Shard will have a positive effect on the SP. Can’t help feeling that MM has an idea of a further fund raise though, but maybe if it is to say advance the gold assets then maybe it would be acceptable, though just feel he could do with putting all his energies into getting La Parilla firing on all cylinders and using the cash generated to advance Sao Martinho instead, but I fear a leopard doesn’t change his spots. Am reasonably confident that the SP should at least double up in the next 12 months though, and as I am just over breakeven at current SP, then am comfortable with it. With ref to JLP, the current pull back is a little frustrating, but I have added more into my SIPP as I believe we are just in a lull caused by a little profit taking either by stale long termer’s selling to look elsewhere for a quicker return, or by profit taking from the recent fund raise, though I think that is just skimming off some return to park on the books, whilst leaving most to ride for the more major rise which should occur over the coming twelve months. Again, comfortable with JLP as it currently stands. Tight Lines dk
breezy
29 May 2019
Hi idg69 So sorry about your contract loss but iam sure you will bounce back.Gutted for you having to sell your JLP shares after holding them for such a long time but iam pleased you got out with some profit.Dont blame you one bit for selling up as shares on Aim are a huge risk as we found out with BHR. I do think JLP will come good but i have been saying this for the last four years. I wish you well and hope you turn things around and please stay in touch my friend.
idg69
29 May 2019
Hi Breezy, despite saying I was happy to hold for the next 2 years, I have reluctantly sold all my JLP holding. Circumstances dictated they had to be sold I'm sorry to say. I'm self employed and I have just lost a big contract which will put pressure on finances in the near term. I cashed out whilst I had some profit to take, I couldn't afford to see this fall back to 2.5-2.25p and then need my cash out at a loss. I'm also very twitchy the world markets are going to start a big fall in the next 6 months and as good as JLPs prospects are, they won't be protected. If JLP booms in the short term then I'll regret it but I can't take the risk of loosing any profit at this moment in time. I'm sickened to have to do this as I've been patient for over 4 years and JLP are on the cusp of making it but needs must. I'll keep posting from time to time and I wish you well my friend. Signing off for now idg69
the_old_trout
29 May 2019
O/T ToT & Kalan Hi Dk, FWIW I had an interesting conversation with Shard just now following the news that they have become joint broker to WRES. They will be sending a team over the Spain shortly to review operations and produce a broker note. They think the stock is undervalued at the moment and hope to secure more II buy in as they have done with JLP. That should help get things moving there so I see a situation developing where II’s dip a toe or two in the water to give the SP a decent boost prior to being rewarded with some share issuance or loan notes as and when further capital might be required. Also had a word about JLP. Apparently the website is to be revamped shortly to make it easier to understand exactly what’s going on and further corporate communications/presentations can be expected as news emerges. Next major financial update is not expected until November when the Final results for the year should be issued but there should be operational news flow as and when there are developments to report. ATB, Tot
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29 May 2019
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Armageddon
29 May 2019
Bring on Kabwe! I don’t normally deal below the 350. Had a dabble last year and realised these need a slight variation so worked on that and I think nearly there. Jlp, not checked fundamentals as I dont short these. However I would think the month was a very bearish open. Closing above 3.25 would be positive into June. But needs that. Otherwise bears of the more than day trade nature will fancy it in June. But only opinion. Maybe fundamentals change this. I don’t know. Hope your right anyway. And she flies for you
dkok
28 May 2019
O/T ToT & Kalan No problem ToT. I think WRES is going to be a couplpe of months before we start to see it ticking up in any meaningful way, but I think it has a chance to double up by year end, assuming that MM doesn’t go and dilute it further in the interim. If he does, then I think I may well call it a day on that one and look elsewhere, but I am hopeful that we will get a little tickle on it. SML I think is going to double or treble in the year, so am looking to build a further position as funds become available on that one. Didn’t go into BLOE as was wary given the FRR debacle, but probably should have done in hindsight, but it is always easy to be wise after the event! dk
the_old_trout
28 May 2019
O/T ToT & Kalan Thanks for the heads up and excellent summary dk, but I am currently too constrained with other investments to take a position at the moment. Have been building positions in I3E, BLOE, and IOF over the last week or two, (which has taken up a lot of my capital) whilst waiting for that dog WRES to tick back up along with ORM. Also had a little top up on JLP today as I think it might have bottomed out. Altogether I now have a lot of exposure to the minerals sector so time to await developments now, but I might have a closer look at SML if I can get out of jail with WRES. ATB, Tot
the_old_trout
28 May 2019
Bring on Kabwe! Yes the RSI and Momentum divergences are noted Armageddon, as is the fact that the sp has touched the lower Bollinger band today where strong support seems to be kicking in. The rising 50 day moving average also seems to provide a potential support line so I’ve added a few this morning. Tot
dkok
25 May 2019
O/T ToT & Kalan ToT & Kalan Suggest you have a quick re-look at Strategic Minerals (SML). News on Friday that the Cobre main client is essentially looking to re-commence with their supplies, and are to lodge a shade over $4M with SML within the next two weeks as a gesture of their commitment to an amended contract which suggests an increased rate of off-take. SML is already profitable from the turnover of Cobre even without the main client, but now would be significantly profit-making. The Leigh Creek project in Australia is now producing copper with a ramp up over the year, adding a second income stream as the year progresses, and we have now agreed the purchase of the other 50% of the Redmoor tin/tungsten project in Cornwall which should complete by the end of the month, with what is essentialy one of the largest undeveloped deposits in the world. The SP has only ticked up a little to 1.75p, but as soon as the payment from the cobre client is received, then this will increase by 20% minimum, with a strong rise over the next year. The directors own 10% of the company and so are aligned with the shareholders, and they have options at 5.5p expiring June 2020, then at 7.5p and then 10p, so there are very strong incentives for them, and a very strong likelihood of them hitting the 10p mark well by the 2022 timeline (if not much earlier). SML is one of the rare AIM shares where the BoD are aligned with shareholder and have a good track record of doing excellent deals, and treating shareholders with some level of respect. IMHO they have as strong a future over the next two to three years as JLP. Not ramping, but just flagging it up again as I believe the market hasn’t quite twigged the full potential yet, but expect to be seeing us re-rate to mid 2’s with confirmation of the receipt of the cobre client funds. have a great bank holiday weekend both dk
Armageddon
24 May 2019
Bring on Kabwe! That divergence last week a tough nut
