Member Info for Bluebelly

It looks like he may have under promised but over deliverded, but it was more by luck than judgement, if Roan comes off.

'August Operational Update:

Production guidance for FY2025

Chrome concentrate production guidance is 1.65 million tonnes (6.7% year-on-year production increase), and PGM 6E production guidance is 36 000oz (similar year-on-year).

Copper units production guidance of between 5 750 tonnes (68.0% year-on-year production increase) and 7 500 tonnes (119.2% year-on-year production increase).'

I hope the market will soon see what it has missed so far!

BB

Stated 'Roan will commence processing of the new high grade material within the next week.' So by the 13th Feb.

& 'The Company is evaluating the potential to operate Roan on this higher grade material at full production of 45 000 tonnes per month for an extended period exceeding 3 years.' They won't be doing this if it's not more profitable then the lower grade wast.

Leon concluded the RNS with this comment "Copper guidance will be reviewed following a four to six week operational run on the new material." So by the 13th March to the 27th March, we should get the details and a new annual production target.

BB

I think we're in a pretty strong position, what ever trump decides.

I'm happy if it stays low for another month, but I think I will dip out, so my available cash may go else where, depending on the price!

GLA

BB

A Buy

12:00:31 750,000 @ 3.4 - Bid/Ask 3.3/3.4

Later reporting showed

12:00:31 750,000 cancelled

12:00:31 1,250,000 @3.4 - Bid/Ask 3.3/3.4

Bid/ask increased after that trade to 3.3/3.5

BB

Thanks Northern

BB

Oct RNS: Audited Results for the year ended 30 June 2024

Cost of production

Cost of production increased by 27.3% to US$169.4 million (FY2023: US$133.1 million). The increase in the Group's production costs was primarily driven by the sourcing of additional chrome-bearing ore to process, which enhanced the Group's chrome revenue and production profile.

Cost of production for the chrome and PGM operations in South Africa contributed 93.27% of the Group's cost of production amounting to US$158.0 million (FY2023: US$118.7 million (89.2%)).

This is the cost for chrome & PGM About $100/t. We were producing 44k oz PGM's when we were producing 1.2mt of chrome. We must have a massive stock pile of PGM rich material ready for processing now we are processing 2mt. We should produce enough PGM rich material for in excess of 70k oz/yr & only producing 36k oz this year.

1. When this PGM rich material is procesed, will it be a lot cheaper to produce as weve already paid for the material as shown in the audited results.?

2. Is the value shown somewhere in the balance sheet under the assets section.

Does anyone have any thoughts on this?

BB

I can't see it 10 bagging, but maybe 200% to 300% over the next couple of Financial Years.

100% by Sept on new guidance if Copper ramp up is succesfull (Ignoring IRH deal).

BB

:-)

Your probably right Sumo

BB

Couldn't resist.

31065 @3.359p

BB

Looking at the technicals, i'm tempted to throw another 1k in at this price tomorrow.

I'm still hoping to buy a chunk with my annual bonus, but if it has risen beyond my buy threshold, i'll be happy anyway!

Caution, a bargain isn't always a bargain.

BB

Let's hope it is the bottom.

Before the Power outages news the low was around 4.4p

After that news we hit a low of3.33p, now water levels for the hyroelectric power are rising and we have a power guarantee. They should release the update on the new copper feed as mentioned. Create some volume to get rid of the seller.

BB

Agree Northern, the market just isn't forward looking with JLP, once copper production is improved that may change and we could move quickly.

BB

In 2019 JLP raised £6.5m @ 4p for Iyoni & Zambia - Total shares after 2,017,509,573

In 2021 JLP raised £30m @ 16p for Sable & Roan - Total shares after 2 429 658 564

In 2023 JlP raised £13m @ 5.5p for copper strategy including waste rock - Total shares 2,974,493,617

Now @ 3.1bn shares - approx 50% increase over 5 /6 years, mostly for the copper expansion

In 2019 we were valued at around £80m

Today were valued at 108m after £50m of raises!

BB

Shuvlin, what I meant was, 2023 & 2022 interims were late March, last years were Feb as you stated.

BB

Shuvlin 'Financials should arrive very soon. It was 26 Feb last year.'

The previous two interims were released in late March.

So we may have a while to wait.

BB

Edzi, they're just winding the spring tighter, soon to be released. We are in the springing teal, waiting for 'Pull'.

Hopefully our dreams aren't blown apart before we reach new heights.

BB

May be they've got wind of the interim results.

They probably aren't going to look great, but they are backward looking and I would prefer to look forward.

Are we any nearer in hitting 1000t/m copper production?

BB

I think we've all done that, Cygnus7. One day they should all be showing a healthy profit. I guess that's why we're hear!

BB

Or the buyers are waiting for sub 3.6p.

It's walked down almost everyday since the last rise.

Look forward to a top up, end of March. If we're at these levels.

BB

End of March is Bonus month, bring it on Sumo!

They'll be in the ISA by April 6th.

BB