Excav8 - Head to the Jubillee website and go back over the RNS history and webcasts and all the information is there first hand and there is a lot of it. Make of it nd DYOR - I'm not being sarcastic when I say that but it's the only way. I'm neither a ramper or de-ramper, just a realist. All the best idg69what you will. I started here back in April 2015 and I'm happy with what I'm hearing to date. I'm just sitting on this for a year or three and we'll see where we get to. It appears a little stuck around 3p at the moment but looking at the wider markets at least it's not in freefall. Good luck a
Someones lit a bonfire under Lonmins shares over the last 2 days, wish they would with JLP. We just don't seem to be able to get off the starting blocks and sustain a rise. Lots of false starts but we always pull back. Come on JLP do your stuff.
Hi Breezy, I agree with your sentiment, just treading water at 3 to 3.5p is pretty good in the current climate. Oil & Mining have seen some biblical losses over the last 12-18 months. Leon won't buy any shares as he'll pick his tranche up in lieu of taking a salary - that's my understanding anyway. There is an awful lot of doom and gloom on the world stage at the moment which is concerning. On the other hand it means there an awful lot of cheap stocks out there. I am happy to sit this one out for a year or three if needs. Hope all is well with you. Cheers idg69
A bit disappointed to see the pull back today but looking at the wider markets it's not surprising. It seams to always bounce off the 3p mark which is fine with me. A solid webcast yesterday confirming all is on track which you can't grumble with. I can't see there being any massive one day rises here, mining is a slow business and a gentle tick up on news of revenue coming on stream will be fine with me. Good luck all and keep the patience.
Trautw - 12 months for Lonmin is my guesstimate. They have everything stacked against them, massive costs, massive debts, old deep mines, unionised workforce and a low platinum price. It doesn't matter how much money you throw at them I don't think it is survivable. This is very sad for the 000's of staff but it's the facts. That last round of dilution has destroyed any trust/value in this business. How the mighty can fall when you look back over their historical share price.
Cryhavoc - Good or Bad News? To buy or not to buy? the one million dollar question. Most people on these boards are positive about this share because they're invested and like me always see a positive to keep themselves feeling confident. The long term holders (anyone who bought before 2013/2014) have been decimated by a falling price and dilution at every turn. Those in below 2 and 3p should do very well if all goes according to plan this year and beyond. The BoD have dropped some howlers in the past, the biggest was getting involved with Darwin (I know this through bitter experience as they were involved with BHR and shorted the life out of the stock helping them to go into liquidation) JLP is a different kettle of fish, with little if any significant debt on their books. The BoD did a cracking job of keeping this company in business through a long downward cycle in the market and should be applauded for this. You're right when you say there could be bad news and yes it is possible, it's the risk you take when investing. I'm here for the medium to long term and would like to see this up and over the 20p mark. That may sound ridiculous to many but if Lonmin go down the tubes and the price of PGM's start to rise then anything can happen even in a depressed market. Look at PANR last year in the Oil sector (which is down massively) they bucked the trend and went from a low of 16p up to £1.50 at it's peak. Yes it's pulled back now but it demonstrates how quickly things can move. Put in what you can afford to lose/forget about and see where you are in 12 months time. I wish you well what ever you decide to do, all the best idg69
Hi Breezy, good to hear from you my friend - 2 close calls on both Ubisense and Premier. Ubi down at 42p and going nowhere in the short term. I bought at 92p and sold around the 110p mark before the big fall so can count myself lucky on that one. I was looking to buy Premier when they were up around 150p thinking it was cheap - could never envisaged it would be down at 19p, what a collapse. I am holding tight with JLP and not budging an inch. I feel quite confident it will be a good few years ahead for JLP. The world is a crazy place right now and the markets are all over the place. I really can't see Lonmin pulling through either with their debts and costs. That would really be a shot in the arm for platinum prices. I'd love to see 20-30p here eventually, even it's 4-5 years away. I hope they don't sell out before the really big profits can be made. All the very best for 2016 and let's hope there are no banana skins slipped under our feet. Keep in touch. idg69
Hi Dude, I think it is, but we have years and years of surface material to process first. I don't think this will have an impact in the short term or if at all. Would be a good question to ask a the webinar next week though whether it will have any impact. I'm staying positive in 2016 and looking for a nice steady climb north. All the best idg69
I am not expecting great things to happen in the short term whilst the markets are as jittery as they are. Happiness would be to just remain above 3p until we start receiving some income on the 1st tailings project. I'm delighted I held off sinking anything into Premier Oil last year - what a torrid time those boys are having. Was reading yesterday that UK tax revenues from Oil in 2016 is projected at £600m - in 2009 the tax income from OIl was over £12 billion! That is some serious reduction - it's time they nobbled Google, Apple, Amazon and Starbucks and clawed back some lost tax. Come on JLP do your stuff in 2016 we know you can.
JLP ticking over between 3 - 3.5p is no bad thing at the moment when looking at some of the big fallers in the markets at the moment. I can understand the frustration/anger of the long term holders but we are still in business with no debt and two great contracts kicking in this year.