Panic selling this morning. Did people really think the debt funding was not going to incur some dilution? That would be pretty naive. I did think at one point they might be able to get both the tailings projects on stream without finance but obviously not. Apart from the outstanding warrants I really hope this is the last dilution we see here. Still holding for the medium to long term.
I've resisted looking at the price all day today in the hope that I would be pleasantly surprised at the end of the day - I'm not. A bigger the average trading day but we're going in the wrong direction. I think it's almost impossible to decipher between buys and sells these days. With delayed trades and buy and sell orders to be filled it's not that clear cut. I don't profess to understand a lot of the trading jargon but I do think this will go sky high when someone in the know wants it to go that way. All the nonsense spouted on LSE and ii won't make a scrap of difference to the price on a daily basis. Would like too see a heavyweight institution put some coin in here so it's not just private investors at the table. That would make a real difference and start the price on a northern trajectory. Patience, patience and more patience required. The frustrated will sell up only to miss their day in the sunshine n my humble opinion. Good luck all.
Not a great day for JLP today, another false dawn with the RNS earlier in the week. If we told the markets we'd found gold in the tailings dumps that might just raise the price a few pence. I wish I could switch off from watching this and just come back in a few years - easier said than done! Enjoy the weekend and let's see what next week brings. idg69
Evening Breezy/Steve - I've now got two people to talk to! - Welcome Steve, remiss of me to not say this before. Breezy, you're such a gentleman - impeccable manners. Steve - I may have caught the bottom with my first 2 purchases but my 3rd and 4th at 3.9 and 4.9 didn't help my average at all - now at 2.85p. I wouldn't worry long term at 3.8p you'll be fine. The big news we are waiting on Steve is the mining license for Tjate - don't hold your breath though, it's been in the intray of the DMR for close to 5 years now. If and when it does drop (it's been imminent for the last year to my knowledge) this share will go up like a firework - 10, 20, 30p who knows. It's frustrating to watch it limp along at this level for 7 months now but I'm not worried and believe patience will be rewarded in the next 2-3 years - not withstanding a global meltdown. I might add another 1-2k before the ISA year end if it drops nearer to 3p before the month end. Wishing you well. idg69
No problem Steve - It gets very lonely on here at times as there's very few DTM posters. I've been here just over 12 months having started buying at 1.3 and 1.5p having been lucky to catch the bottom. Breezy has been here around the same time. Are you invested in JLP or just reading up on happenings? It's been pretty flat the last 6-7 months, though progress is now being made the market isn't responding. It will though in time and I'm confident they'll be big returns here. Good luck my friend and wishing you well. idg69
LSE Input - DTM have been having problems with the streaming from LSE for some time and it doesn't look like it has been resolved. Please note that no comments posted on DTM can be seen on either LSE or II. You can view posts from these sites (when the streaming is working) but when you post here only people on DTM can view your posts. For JLP there is only myself, Breezy and a few random posters here. All the best idg69
Morning Breezy, hope you had a good weekend away. It was a good RNS but has had little affect on the share price. The wider market is pretty much all red today (except for SXX for some strange reason) so holding steady is not bad. I'm tempted to throw another couple of grand at this before the month end and use this years ISA allowance. If it drops back nearer 3p I might put some more in. With the China slow down prevalent in the news the markets/investors are feeling very nervous for the future. Good luck my friend and all the best. idg69
I had a dream on Saturday evening and woke up quite kiddy on Sunday morning - JLP had gone to 12p and was still rising on the back of the mining license news breaking! was it a premonition or just too much cheese with my biscuits and red wine? I'm pleased with todays RNS as it confirms the 25% bonus and that all currently well and progressing as planned. I don't think this is going to be an overnight sensation whatever news they come out with. It's going to be a slow burn over a period of years in my opinion.
It might be pretty dull at the moment but looking on the positive side - at least by holding at this level we are not going down. That's not to be sniffed at with the amount of volatility in the markets at the moment. Would love to see JLP do an 88E one day!
Evening Breezy, You would have had to be very brave or had inside knowledge to put your money on Lonmin at 35p. Just goes to show how crazy the markets are right now. There's very little logic to why some stocks go stratospheric and others don't - I wish I knew what the secret was. JLP is just not on any of the big players radar right now and past performance is holding us back me thinks. I'm up 20%, sleeping reasonably well, and quite happy to sit this out for a year or 3 if needs. I'm 46 now and have set a 4 year target to recoup my losses and move on. It will be tricky knowing when to cash in with this one as it will spike on licensing news, pull back but could then go on to much bigger things and possibly a buy out - fingers crossed. All the best idg69