I don't even know why some people that are lucky enough to find themselves in winning stocks are throwing their luck away, instead of keeping faith with their good fortune.

Quite an irony.

May be they were expecting the run to be on a straight line. Perhaps 10% up every day with no cooling breaks

olig:
What should we buy today?

Transcorp, Veritas, JAIZ, UACN...DD advised

Soon, when Oando breaks the 100 nautical barrier and cruises pass it, some folks will start struggling to jump onto a moving plane. Na wao!

stcool:
First time in 40yrs I dreamt about an NGX stock.

Guess the stock....

As usual OANDO. It was strange sha....I saw a rights issue flyer and was searching straight for the price.

Finally saw something like N86...while the NGX price was at N90. It was kind of strange.

DD...I don't own any single unit of Oando and neither is this an insider info or financial advise.

Please tell your wife not to panic any day you start screaming OANDO! OANDO! in your sleep at midnight.

cocolacec:


https://punchng.com/sec-approves-japauls-n20bn-capital-raise/

“We are excited about the prospects that this special placement brings. The capital raised will enable us to begin gold production by the end of 2025 and target a turnover of N20bn-N30bn. Our focus on mining aligns with global trends and positions us to capitalize on the sector’s potential,” he asserted.

Omooloriredade:


I don't know about buying a stock and going to sleep o. If it's to make money and get out, 2025 is Japaul's year in my opinion.

IF they can successfully complete their gold exploration activities, commence refinery operations (or at least be close to starting it).
They will be back to positive equity off the back of the recently concluded placement.

SP catalysts to look out for:
* Commencement of their N25B dredging contract in the Lekki/Ikoyi axis. This remains their major source of revenue for now.
* Successful completion of their diamond drilling program that could lead to a gold discovery and increase their reserve.
* Completion of their gold processing plant, refinery and other acquisitions.
* Ramping up of their mining business.
* Bonus is if private placement was to institutional or foreign investors. I don't think so though. The new shares represent 57% of the issued share capital.

These are all FA events but not what most here are familiar with. Same situation with Oando.

Disclaimer - This is not a recommendation to buy or sell Japaul. I have been wrong many times before.

You have an edge over the rest of the market if you know or understand what they do not. That is not to say the yr 2025 is guaranteed. They must hit the ground running now that some funds have been raised and hope that mother earth favours them. Let me not bore you with details of what they will need to do regarding their Gold exploration activities. They haven't really provided much update. As at last annual report, Diamond drilling was the next stage.

By the way, they are prospecting for other minerals too.

Some of their reporting is inaccurate but I can forgive them. On their website they claim their target is to achieve 30 million Gold ounces by 2028. That is just a pie in the sky. Silly forecast. Start somewhere first. Previously, they claimed they have 650,000kg inferred reserves of Gold. Likely incorrect too. Now according to this article, they have 637,000 ounces inferred resources of Gold which is more likely (an ounce of Gold is about USD2500 if I'm not mistaken). Maybe it's the reporters and secretary writing rubbish sha. 100 million ounces in this article again ? They need to convert it to "Indicated" resources then Proven reserves with further drilling. Before the Gold even gets to market, the day Japaul announces successful drill results (if they are successful ni o), leave story.........your eyes will see something.

Disclaimer - Please do not buy or sell Japaul based on my post. I'm just here to provide commentary as news is released. Nothing is guaranteed in this space.

Choiceguy:


Why is that once some of us sell, they will start stating doom for the stock

That would tell you about the mindset....immaturity and lack of proper understanding of market dynamics

ProphetUtuocha:
Soon, when Oando breaks the 100 nautical barrier and cruises pass it, some folks will start struggling to jump onto a moving plane. Na wao!

The prophet is here again

UBA
Maybe some insiders already smell the result....
It should be out this week ......all things being equal.

* Just market observation

ProphetUtuocha:
Soon, when Oando breaks the 100 nautical barrier and cruises pass it, some folks will start struggling to jump onto a moving plane. Na wao!

We are still waiting for the new gem that you promised to release
Thanks for your inputs on Oando, but please release the next one.

I have few units of Transcorp left. I entered and came out sometimes ago
UACN: my fear is that it is close to it's 52 weeks high. Have not been able to decipher if it can breakout easily. I missed to enter at 17...
I will check out Veritas now.
JAIZ: I have no clue. Have been watching since


Thanks a lot

stcool:


Transcorp, Veritas, JAIZ, UACN...DD advised

olig:
What should we buy today?

UBA was selling for 23 yesterday, why didn't you buy?...
At least you have hope of collecting interim first....lol.
Don't mind me o, do your DD.

Nothing go straight up and nothing comes straight down; not even rain.

iHaveMadeiT2:
I don't even know why some people that are lucky enough to find themselves in winning stocks are throwing their luck away, instead of keeping faith with their good fortune.

Quite an irony.

May be they were expecting the run to be on a straight line. Perhaps 10% up every day with no cooling breaks

Agbalowomeri:
Stop looking for trouble

Lol.
Ok sir.......but wire Gina first. 😊

I no come market yesterday. Plus little fund just show now

yMcy56:

UBA was selling for 23 yesterday, why didn't you buy?...
At least you have hope of collecting interim first....lol.
Don't mind me o, do your DD.

yMcy56:

Lol.
Ok sir.......but wire Gina first. 😊

Mycy abeg na... No dey press Agba neck

Omooloriredade:


“We are excited about the prospects that this special placement brings. The capital raised will enable us to begin gold production by the end of 2025 and target a turnover of N20bn-N30bn. Our focus on mining aligns with global trends and positions us to capitalize on the sector’s .

I will rather tell someone to buy sugar if it is only based on future hope villa of 2025 and beyond. Alhaji hope villa still has facts as per the backward integration on ground and expanding farm.Have you consider the insecurity in the North whr this major gold sites are located. And you think 20B can make significant impact with any company trying to provide its own security thr.Let me tell you the truth. This is why I want to sell my okumu oil because of what that level of insecurity can do to a business .why is tompolo being the one handling the insecurity in the delta oil region. Did you see the cost to provide such services. The one in the North is not child's play bro.If they ask you to go to those states to work.will you agree. Na which foreigner go agree go do the mining in 2025 when even the state governors are helpless. Make owner just dey use japa oil dey do jijo for now...lo.
As it stands now as person way stayed over 40yrs for North. I dey fear to drive from abj-kad-zaria-katsina-zamfara-sokoto-brinin kebbi which use to be my route as per grain/car business



Note.i maybe be talking based on the fact I am invested in sugar. I added more yesterday at #33.50 and will likely buy more today

l have forgotten that ASO SAVINGS AND LOANS PLC is still listed on NGX .l am seeing them reel out Audited Finanacial Statements ffrom as far back as 2015. to 2022

Final info on Aradel. Stock split, before end of next week, NGX listing October 14th.

sterlingD:
l have forgotten that ASO SAVINGS AND LOANS PLC is still listed on NGX .l am seeing them reel out Audited Finanacial Statements ffrom as far back as 2015. to 2022

That money is gone just like mine.They have been selected for delisting from nse.

@rugged Prof pls help me with the pictures of the ceo make I know how to react if I ever get an arm length to them anywhere

sterlingD:
l have forgotten that ASO SAVINGS AND LOANS PLC is still listed on NGX .l am seeing them reel out Audited Finanacial Statements ffrom as far back as 2015. to 2022

That must be some good news for the long-suffering shareholders.

yMcy56:

Lol.
Ok sir.......but wire Gina first. 😊

We wey be wedding organising committee

.

Streetinvestor2:
That money is gone just like mine.They have been selected for delisting from nse.

@rugged Prof pls help me with the pictures of the ceo make I know how to react if I ever get an arm length to them anywhere

Senior, which stock are you recommending? Or you are only interested in attacking every stock pick. Is it IB or which one?

Sunrisepebble:
Aradel is doing a stock split of 20x, current price is 9,350, which means if it were to list today, it will list at N467.50

Given that the pricing template of the two exchanges are not the same, don't you think it might list at a lower price than N467?

Berger paint moving up gradually . We have moved it for today. Before weekend, we move it again. Slow and steady.

On another note: CAVERTON breaking ground to be grounded

Streetinvestor2:
That money is gone just like mine.They have been selected for delisting from nse.

@rugged Prof pls help me with the pictures of the ceo make I know how to react if I ever get an arm length to them anywhere

Maybe that is what has jolted them to reel out the AFSs

Streetinvestor2:
I will rather tell someone to buy sugar if it is only based on future hope villa of 2025 and beyond. Alhaji hope villa still has facts as per the backward integration on ground and expanding farm.Have you consider the insecurity in the North whr this major gold sites are located. And you think 20B can make significant impact with any company trying to provide its own security thr.Let me tell you the truth. This is why I want to sell my okumu oil because of what that level of insecurity can do to a business .why is tompolo being the one handling the insecurity in the delta oil region. Did you see the cost to provide such services. The one in the North is not child's play bro.If they ask you to go to those states to work.will you agree. Na which foreigner go agree go do the mining in 2025 when even the state governors are helpless. Make owner just dey use japa oil dey do jijo for now...lo.
As it stands now as person way stated over 40yrs for North. I dey fear to drive from abj-kad-zaria-katsina-zamfara-sokoto-brinin kebbi which use to be my route as per grain/car business



Note.i maybe be talking based on the fact I am invested in sugar. I added more yesterday at #33.50 and will likely buy more today

I understand where you are coming from. I must confess I can't tell if they are on site today for two reasons:
1. The insecurity you mentioned.
2. They needed this placement finalised to make progress both with drilling and completion of the acquisitions (H&H and Covenant Gem).

I have a question for you though. How about O&G companies that are still operating in the Niger-Delta? How do they organise security for their staff? I have been reading reports of military operations in Mines across the country at the instance of the FG. Is it possible companies also arrange security for their staff working on sites?

They have 12 sites across the country but appear to be working on only 4 at the moment. I think they have ongoing GOLD projects in Osun, Benue and Niger. Taraba is the other state but for a different mineral. They acquired H&H Mines and Covenant Gem but it appears H&H's projects are more advanced than CG's. CG is at Eti-Oni, Atakumosa LG Osun state.

I can confirm to you Japaul had staff on site just a month ago. But like I said the fund raised is important for their next steps so I can't tell how significant their current on-site activities are.

And I understand your Sugar call. It's a safer bet. I put it to you that IF Japaul is successful with their exploration activities, Sugar/Nascon/Rice returns will be child's play (I can't believe I typed that. Totally out of character ). Everyone please go for Sugar that is less risky o.

Disclaimer - Exploration carries huge risks so please be guided.

yMcy56:

UBA was selling for 23 yesterday, why didn't you buy?...
At least you have hope of collecting interim first....lol.
Don't mind me o, do your DD.

Just try and grab some units, it looks like some people have seen the thing coming and considering what he did with UCAP and AFRIPRUD in interim dividend, there is hope

Final closing price on NASD before listing date is what will be used to determine listing price on NGX

GeeKudi:


Given that the pricing template of the two exchanges are not the same, don't you think it might list at a lower price than N467?

MARKETJJC:



Senior, which stock are you recommending? Or you are only interested in attacking every stock pick. Is it IB or which one?

Go and buy aso savings since you see it as attack .Was I the person who posted the link some days as stock on delisting list from nse.At it stands now I will be happy if thr is hope to recover my money from aso savings
Staco insurance
Union homes etc that was on the list
And for your mental health I make my opinion on any stock and don't attack stock.

On a serious note did you read all the past post on this thread like you said.If you did you should have seen my picks

sterlingD:


Maybe that is what has jolted them to reel out the AFSs

That will be wonderful. Even if na half of the school fees I will be happy

Streetinvestor2:
Go and buy aso savings since you see it as attack .Was I the person who posted the link some days as stock on delisting list from nse.At it stands now I will be happy if thr is hope to recover my money from aso savings
Staco insurance
Union homes etc that was on the list
And for your mental health I make my opinion on any stock and don't attack stock.

On a serious note did you read all the past post on this thread like you said.If you did you should have seen my picks

You understand what you are doing sir! What has Aso saving got to do with pictures?


I am not talking about Aso saving senior! I just checked and saw that you attacked almost all the stocks picks of recent which had even eventually made money for guys here starting from OANDO, JAPAULGOLD, UACN, CHams etc

Yet you have not dropped any recommendation cryptic or clear except the graveyard IB