We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
P.s. can't see IRH signing on the bottom line until it's proven to work at Roan, but then I don't know them like I know JLP so could easily be wrong.
The long term prospects are excellent. the medium term should see JLP turn truly cash flow positive. The short term continues to be problematic. I and others have flagged up everything that has happened in advance of it happening. Looking at JLP through a clear lens allows you to read between the lines, focus on the unsaid. Serious question - when will Roan be fully up and running to nameplate. Not the end of March (that was never promised - just start up), not the end of April (this was promised but surely we all knew the electrical components weren't going to magic out of thin air). So when will it be (no date promised this time) - best estimates please. We'll leave will it work to another time.
Ardbeggar yes they have a binding agreement. We don't know the exact terms of that agreement and any good company will have a get out of jail clause in it if the terms turn out not to their satisfaction it's just good business sense. It is nice to have though. Until they physically but some money in only then will that be a green light for me and all systems are go.
I'll take your word for it Kalan and can understand the cautiousness of those who have been in the stock for many years. I do however think that that leads you to be overcritical of present events. I've been here for just over three years and jlp have disappointed me as well. We shall see what turns up in the next couple of months but whatever it is the sp is still ridiculous.
Frog…..you need to get out of the greenhouse before you throw stones
Yes gotreal, nasty little keyboard bullies who are not prepared to listen to reasoned argument that contradicts their own biased views.
"Vicious little trolls...." That's one to tuck away......
Full ask paid.
Good morning Mr Gray. I, for one, appreciate views that are not blindly optimistic as it provokes sensible questioning of our investment decisions. I have a lot of money tied up in this stock as I do believe in the story, and I trust Mr Slater who has a better understanding than I. I regularly get castigated when i blow my stack, usually following an RNS that has divulged disappointing news that we previously assumed not to be a problem. It has happened too many times which is why we are still in single figures. If the Roan upgrade gets sorted out then we will be well on our way, if we can stay independent long enough.
There are too many vicious little trolls on here that cannot bear to see their precious rose tinted views to be tainted with a reality check from time to time. Mistakes get made and the board must be held to account. The alternative is a blind death cult!
Have IRH actually put any money into this or do you think they are waiting to see what the figures are when this gets up and running?
Well, they entered into a binding agreement framework then chose to exercise their contractual right to crack on after due diligence was completed, so regardless of if they have put up any money yet or not, they have to. It's going ahead and that's it.
That's not strictly true Shuvlin they poured a ton of money into the tailings process and that hasn't really worked.
Have IRH actually put any money into this or do you think they are waiting to see what the figures are when this gets up and running?
The difference between you and others like you are absolutely certain this will work and that is your opinion and it is fine. Whereas I and some others because of JLP past history on Copper output want to see the proof of the concept turned into actual production numbers. What is wrong with that?
I have 1 million shares here at an average of 8.2p my biggest regret is I didn't sell half at 21p but I believed the copper tailings strategy and greed played a part. Having said that if I had sold half I would have bought them all back when they were at 5p purely on the Chrome success and would then hope the new Copper strategy would be successful to give me an even better return.
There is no conspiracy here on my part Shuvlin. I have also worked out what I think the chrome and pgms financials will look like next year to support what I believe will underpin the sp if anyone is interested.
They wouldn't be pouring so much money into new facilities if they didn't work. Anyone else sowing doubt on that here is indulging in sophistry.
"Don't be so hard on yourself Kalan"
Nice one Busby - I know when I'm beaten - knocking the king over as I type.
No reason at all Dorfan - as you've said before - it's all about time frame - LTHs hold. New investors wait for proof or speculatively buy - everyone has a choice.
Prof
With the copper price so high and running the only decision you need to make as to whether you buy the share or not is can Jubilee produce the copper as promised.IT IS THAT SIMPLE
My belief is that they can after all it is not that they haven't produced copper.They have but not produced the quantities promised.
I have NO reason to distrust Leon when he says it is a matter of time, and if Slater and Jubilee's new J/V partners agree why should I be pessimistic . I
Don't be so hard on yourself Kalan. :)
Arguing with some people is like playing chess with a pigeon. The pigeon is check mated in 4 moves, and then, onlivious to it's overwhelming defeat, stomps around the board as if it's won.
Interesting that we have fairly suddenly aquired a self admiring coterie of so called investors on here who seek to be trying very hard to damn jlp with faint praise. Methinks they protest rather too much and need to be treated with the utmost suspicion.
The last one is just your personal fantasy Jolly1
Death. taxes. a nurse
Gray, Edzi, Kalan,
Thank you all for some very helpful posts. There is something illogical in those who bemoan why we are not higher but lambast those who point out why that might be.
I have a significant shareholding here and am pondering more. Your musings make me more likely to buy more not less because they hypothesis as to why our share price is not higher and I can then decide whether despite that I still want to buy. Those posting along the lines of £1 tomorrow are not so helpful in my decision making.
Best wishes,
Prof
Actually gotreal thought you would have corrected me with the delay I got that wrong. There was a 9 week delay then a 6 week delay and now a further 6 week delay so 21 weeks altogether waiting for an electrical component and you wonder why I am cautious about copper 5 months waiting for an electrical component that is poor by any standard.
I suppose that is my fault as well because what you don't know is I have it hidden at my house and I am holding JLP to ransom £1 million or they never see the chipboard again oops can't say that as they haven't seen it at all yet.
You have got to have a joke in life gotreal and not take a different opinion as a personal attack. Enjoy the rest of your Sunday.
Nothing is certain gotreal only death and taxes. I want to see numbers materialize and until they do I am perfectly entitled to say maybe particularly with all the previous copper false dawns and 4k copper is not the 25k we should be at now as originally planned.
I will be just as happy as you if and when we hit 1k per month but we haven't yet and we are already 2 months behind that schedule.
gotreal
the honest reply is that copper is still crap as far as the amount of tons being produced, it was stated that they would produce about 5500 tons of copper by the end of this f/y and they will only produce about 4000 tons if we are lucky.
the copper story is about 2 years late, we are producing about 4000 tons to date. in the scheme of things that is not very good compared to where we should be. that is where the business model has changed and i am glad that it has.
now crap may be the wrong word but it certainly won't be enough for investors to flock in and raise the sp.
once the new roan project can prove itself to work which i have no doubt about, and we start to prove that we can process 1000 tons per month and once the slow horses work out in their minds that if jlp are going to get 4/5/6/7 or 10 modules up and running in the next 12 months which could produce a very exciting amount of copper that seems to be going up and up in price then pg people will consider investing. we because we know the story and we live in hope or almost believe what leon has said over the last 4-5 years are already sold on the company. others are not, yet !!
we all hope that this will change as does slater and others. however like the recent delays regarding the electronics, there will be other **** ups. just look at hzm or hum or goldstone or pathfinder or many others that over sold and under delivered.. a lot of people need proof of concept before they go in, even kalan who has some very good points to make is very conservative where he puts his money and he is happy to get in a bit late as long as there is proof. you like me are just bloody frustrated that it has taken so long and you don't want anyone putting you off your beliefs, which is fully understandable,
Edzi, so you agree with the statment and how it is worded..... "copper still crap.... maybe it will turn around.... " MAYBE it will turn around.... If you hope that a business plan goes in a straight line with no hiccoughs given the region in which we operate then I am afraid you are destined always to be disappointed.
>>Gray1 , I am significantly invested here and will always challenge posters who appear to misrepresent reality, for whatever reason. By your "maybe" you think there is a very real possibility that the copper operation will fail, despite the due diligence of IRH and the thousands of tonnes that have already been produced, then, and that producing 4,000t of copper this year is really "crap" given that in a few weeks weeks there will be over a thousand tonnes /mth?
Thanks for your support Edzi. I was beginning to wonder if I had ventured into an alternate universe.
No animosity to you gotreal. Like you I want the company to do well we will just have to agree to disagree sometimes.