While we're talking pie in the sky.
I think buy back 50% of the shares, then give out Dividend, to remaining holders, doubling the amount . Obviously with only 650m shares left, the shares would be around 30p, £200m market cap. Giving out a 5% dividend, we would be getting 1.5p/share back anually.
When we start making a decent profit. I would like to see JLP announce a share buy back scheme.
If they view the SP as undervalued they could use up to 50% of the profits to buy shares back.
Once we have proof of earnings and proof that our IP works and can be applied to different metals, we would be able to get finance at a reasonable borrowing rate.
Buy back up to 5p.
Trying not to be overly positive smallholding - but the sp going nowhere when there is no anticipated news looks good to me - few are selling and when we get news we may have an influx of buyers. My charting says another couple of weeks of treading water is possible and I still think we will touch 2.8p before we go higher. The next news may well be the start of construction at BMR - end of the month? In that rns they may give a little update on Hernic especially if record production is being set (which it should be) - maybe even orders for plant at DCm and further news of work at Northam. Always the chance of another project as well. A raft of news one after the other could see us move northwards very quickly. As always there may be unexpected setbacks or problems but the corner is being turned here very gently at the moment in terms of investor sentiment as evidenced by the charts.
Always optimistic- Rovrum to win on Wednesday to set up a repeat victory over the Shrews at Wembley. 1st step on the way to Champion's league glory.
Wolves to finish 5th - above Arsenal and Chelsea.
JLP to touch 2.8p before setting off through the 3.1p glass ceiling on it's way to 8.9p and who knows maybe even 15p with a strong tailwind.
Trump to win the Nobel peace prize.
The sun to carry on shining every day with a nice shower every night whilst we sleep.
DanDaDan's positive thinking is getting through to me.
Leon says 5 to 7 months so November to January. He has built in a little slippage into the timescale. They can surely run a bit of the circuit and pronounce first production of something by the year end even if it's not the finished product. The timescale is just there to make sure we get on with it. the Government are unlikely to say nope you started production on 5th January so we are shutting you down. they just want a commitment to action - which they are getting. Before then I think we will have the next big or even bigger project announced - the hints are of much going on behind the scenes.
One comment which I believe was hugely important was
"our engagement with the Zambian president and minister of mines gave us the opportunity to explain who we (and not BMR) are, and our plans for the Kabwe project. We were very positively received and we believe that the opportunity will open the door for us to a large number of opportunities in Zambia which is a huge historic mining province"
With hernic moving close to 2500 ounces per month I would not hesitate to invest if I was new to Jubille.
My frustrations are based on the beating the sp has taken for the last 12 months but I believe the market is being perverse in valuing us far lower today with hernic earnings growth etc than the day the tjate license was announced.
If they can avoid any significant dilution the situation 12 months hence could be very different
I make you right on this one. I've been making the same mistakes for a long time and need a sea change in approach and attitude. Most of my exposure i put into funds now given my track record but i still like to dabble.
The biggest thing I have learnt is that for most people if you follow your natural instincts you lose money hubenstein - it is very difficult to change your whole approach to this and it takes time.
The key thing is that it doesn't matter what you think of the company - it is working out what others are thinking and doing that makes you money. This is why we see so often good news resulting in a fall in the share price - we can explain it away as shorters, traders, market makers playing games but ultimately we have to anticipate all of this and change our strategy accordingly. It gives us a better chance of success but there are no guarantees. Good luck.
Most helpful - thank you. I will do some reading up and see if i can dust off the old brain cells. I would be in a much better position had i sold earlier in most cases. My fear of missing out often overrides the fear of it dropping - illogical captain!
If not a customer - then it is another platinum miner lowering the number of ounces produced - this has to be good for the platinum price at some point. JLP is expanding into the space that the miners are leaving.
Looks like the sp is taking a breather - strong support at 2.8p (50 day moving average) and also at 2.9p (20 day moving average) - holding all including trading pot - adding at 2.9p or just below may be a good opportunity - the breakthrough will come - the turn around takes time and will be worth waiting for IMO.
World's No. 2 platinum stock languishes on output, cost woes
Bad news from South Africas platinum belt has pushed shares of the worlds No. 2 producer of the metal to the lowest since 1999.
Impala Platinum Holdings Ltd. has dropped more than 40 percent this year as investors fret over glitches at its Rustenburg operations and cost ratios that compare unfavorably with some peers. The biggest producer after Anglo American Platinum Ltd. on April 26 cut its production forecast for this year by about 3 percent and said its taking steps to improve output and cost performance.
"Impala Platinums shares have fallen 40% this year, hitting their lowest level since 1999. "
Some investors are pricing in a profit warning and a potential capital raising by the miner, known as Implats, said Ryan Seaborne, a money manager at 36One Asset Management in Johannesburg. They have cut guidance by 100,000 ounces to 560,000 ounces for full year 2018 and this is only a few months after they already lowered guidance, he said, referring to the Rustenburg operations in South Africas northwest.
The reduced production at Rustenburg could mean Implats has reached its break-even rate and the operation is sailing close to the wind, Rene Hochreiter, an analyst at Noah Capital Markets, said in an April 26 note. In rand terms, platinum prices have dropped by about 15 percent since mid-November.
The company shut a shaft at Rustenburg in January, flagged three more to be closed once mined out and fired 1,400 workers. While the miner has closed 10 shafts since 2013, some investors arent convinced the company has contained its cost crunch.
Net debt to Ebitda has been creeping up to double and could breach that level soon, Seaborne said. Most South African peers, excluding Sibanye Gold Ltd., operate a ratio of less than 1:1, he said.
Implats has attracted the attention of short sellers, who bet on declines in stocks. As of May 9, the short interest in Implats as a percentage of shares outstanding is 9.8 percent, Markit Ltd. data show, making the platinum miner the most-shorted stock among members of South Africas benchmark index.
Implats spokesman Johan Theron said he couldnt speculate on actions taken by investors, but said the company had noted an increase in short positions following a sale of 2022 convertible bonds. One would naturally expect some convertible bond holders to cover their equity exposure through short positions, he said by email. As to the impact that this has on the present combined short position relative to say the recent drop in metal prices, is obviously difficult to assess.
Implats fell 6.1 percent Thursday, declining for a sixth day to the lowest since May 1999. The stock is the worst performer among the five members of a Johannesburg index of platinum producers, which has dropped 25 percent in 2018.
Sounds like a great weekend ahead Roderz - enjoy - football playoffs for me this weekend - the millers at Scunthorpe followed by Middlesborough on the telly (my step daughter is being dragged there by the boyfriend).
Hi hubenstein - I haven't done any formal course on technical analysis - just picked it up through experience - there are courses you can go on- I don't know if Humble has been on any as his skills are better than mine. If you google for example head and shoulders pattern then there are diagrams and explanations to help you. I find Investopedia is useful and quite surprising Wikipedia too. Recently I looked at the nature of gaps by this method to determine whether JLP gap would be closed and now SAVP.
It does help to be au fait with graphs - got a maths degree myself and taught maths for 20 years - also 14 years as a chartered mining and minerals surveyor - so charts and mining should be a good combination for me but you have to work at it.
I like the chart button above on this site and particularly the 'advanced chart' option. my main indicators are MacD, RSI, Stochastics, parabolic SAR and Schaff trend cycle. (use the settings button to access these). Spotting patterns such as head and shoulders, golden cross, gaps, falling and rising wedges are all useful but I found that these are not infallible.
I have 6 shares on a daily routine of checking where they are in the pricing cycle. 5 are ones where I think the fundamentals are good long term and one is a share with a large following and it tends to be volatile. I am gradually moving towards buying when I think a share has bottomed and selling when it appears to be at the top - constantly rotating my money between the 6 shares as this has made me more money than simply buying and holding. When a share breaks out then I have the problem of letting it run long enough - I tend to sell too early - still learning.
2 of the best chartists that I have seen are Humble and trendfriend. Pharmajiles (PJ) is excellent but can be cryptic and he focusses on the psychology behind the charts - learnt a lot from him. Hope some of that helps.
Success & failure is all down to what is recoverable from the JORC compliant resource. Just look at Prem, they cannot recover the Tungsten/wolframite from the resource to be profitable and it has diluted them to a disastrous level.
There seems to be a lot of resource left to recover, so all should be good and JLP will prove themselves further in the tailings processing area.
I will check out SAVP on my return from Bilbao. Friday we will be Gloucester supporters and Saturday we will be Leinster supporters, either way, this weekend will be a write off. Win or lose, on the booze.
Kalan - reading your input over this last while I get the sense that I am in a place you used to be before your becoming more au fait with the technical analysis. I have been known to sell on a dip and buy back higher! My biggest crime though is not taking profits. Can you recommend a place to begin furthering my education? A book? A website? I'm not afraid of maths! I have a further maths A-level certificate somewhere or other!
You need to apply the recovery %'s to your numbers..
"Lead and Zinc extractions for the Wash Plant Tailings of 90% Pb and 79% Zn have been achieved. Recoveries for the Leach Plant Residue are in the region of 80% Pb and 50% Zn."
but I could do with some clarification...
The website says ..."6.4 million tonnes (3.2 million JORC compliant) surface material containing an estimated 356 843 tonnes of zinc and 351 386 tonnes of lead"
The original RNS mentions three dumps ....
Stockpile 1 (The Wash Plant Tailings Dump) 573k tonnes
Stockpile 2 ( The Leach Plant Residue) 2.6m tonnes
Other Above Ground Dumps - "In addition to the aforementioned stockpiles, further aggregate stockpiles from previous mine operations including all surface materials at the Kabwe site, totals an approximate 6,4 million tonnes containing an estimated 356 843 tonnes of zinc and 351 386 tonnes of lead. "
Kabwe contains an estimated 357,000 tonnes of zinc - current price around $3000/tonne
and 351,000 tonnes of lead - around $2300 /tonne
I make that $1.071 billion for zinc and $807million for lead ( no mention of the vanadium)
So not far short of $2 billion and we're farmed in at 40% so $800m to JLP from this one project - let's say we can achieve a conservative profit margin of 40% and you're looking at a profit figure of $320m for JLP on this one project.
Obviously don't know the timescale to process all that but you'd have to think we could leverage a lot of low cost finance if required once it's onstream.
JLP attempting to break 3.1p again but lacking in volume today - it could still happen but we may need some news to make the breakthrough. Not selling my trading pot this time as it ain't over yet and I think the fall back if we fail to break 3.1p will be smaller this time as there is no gap to fill. May be able to sell at 3.04p and buy back at 2.9p but with trading costs the risk of being out if news arrives isn't worth it IMO. More likely just to add more if it drops back a little.
Have you had a look at SAVP - the chart is almost identical to JLP - sold half my holding there as there is a gap at 27.8p - it looked for a week like the sp was not going to retrace and my sell looked a little silly but it's just rolled over and looks set to close the gap - worth a small punt IMO - I will be buying back in when the gap is just about closed - JLP offered the best price before the gap was closed - the mm's moved it up as soon as the gap was closed.
Leon talks of taking a small company through to a medium sized company and he said
"I can definitely confirm that we are very involved in many discussions at the moment that will "dramatically balloon" our project pipeline"
On Cobalt -Very much in focus
"We have developed a very powerful and efficient process to recover cobalt out of both oxide and sulphide copper waste. We have identified the projects to deploy that recovery strategy and we are in those discussions, it would be wrong for me to expand more"
Two different questions but Leon's responses could be linked. If discussions are ongoing with a large copper miner about extracting cobalt from their waste, is that the discussion that could dramatically balloon the project pipeline?
Reading between the lines - we can expect 2000 to 2200 ounces per month from hernic in the current quarter.
We can also expect another 1000 ounces added to that from Dilakong - realistically that will be around this time next year with initial production starting at the turn of the year and ramping up.
Platcro will be funded by Northam as a sweetner to get us onboard. It will give $2500 per month revenue with 40% to 47% of that as profit so at least $1000 per month starting at the end of this year.
This will be the first of our Northam projects - more are expected.
Kabwe will be operational possibly by the end of October but Leon allowed for slippage to the end of December. All costs (£2.3 million) to be funded by JLP will be returned to JLP with interest out of the first profits at Kabwe.
This is the first of many projects in Zambia - the government like JLP but not BMR and will receive project proposals by JLP very positively.
The fundamentals look great not withstanding the need to show bottom line success to go with all the rhetoric - the chart situation is that we need to get above 3.1p in order to open up the way to a 3 to 5 multibagger from where we are now. There is plenty of oomph left in the current move that could take us above 3.1p in short time - if not then the end of July should be a certainty as hernic results come in without any dam breach effect and we have lots of time between now and then for other (much larger) projects and collaborations to be announced (+ Tjate as a real longshot).
There's a lot of really interesting stuff in that video - 11th minute onwards LC says they are forecasting 20% to 25% quarterly increases in earnings and aren't looking to raise any more funds, then goes on to say they're talking with very large mining entities with a view to partnering up on Tjate
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