financial reporting relief , page-15

Our SP is where it is for a very simple reason. There are more sellers than buyers.

On AIM listed junior mining companies, share prices often don't reflect a companies overall position. More often than not they are driven by one thing - sentiment. This is of course reflected in the number of buys v sells. Recently, JLP has had more people looking to either cut their losses or try to buy back in cheaper than it has had new investors (or current investors topping up) Hence the downward movement in share price.

But...one piece of news, GRE deal completed, funding for PLA sorted, DCM tailings started, Quartzhill sale approved, PowerAlt expansion...etc whatever it is, could change this sentiment. And as I see every day on AIM, a change in sentiment can lead to a HUGE change in fortune for share prices.

Remember, JLP is in no worse financial position than it was 12 months ago. In fact the auditors removed an emphasis on the ability for JLP to operate as a going concern in our final 2013 accounts - so arguably we're in a better position. The share price slide is a reflection of sentiment, not of our ability to keep operating.