Member Info for Bluebelly

Unfortunately, over the last 12 months we could have invested in Lloyds and we'd be 30% up now instead of 22% down with JLP and would have received a reasonable couple of dividends. Over 24 months the figures are +26% & -59%. Let's hope that this month we see things turn and a steady upward trajectory in the SP.

Yes these are definitely 'Cheap' if what has been stated inRNS's occurs.

BB

'Preparing for ramp up'.

I thought July was the ramp up period, that's why there was no RNS update as the information was already in the public demain. Are we now another month late?

Or is the quote in past tense?

BB

2.5m gone from the overhang!

BB

The last Quarterlty updates have been put out via RNS, between 18-32 calendar days.

By the end of next week we should know more.

BB

The chrome operation is probably worth that alone plus another module to come online.

Once the copper recovery process is proven then the market may become forward looking and the price could double or trebble from here.

It wouldn't take a lot for sentiment to turn, but it does need to turn. Under promise and over deliver from here would be a good strategy.

BB

178,156 was a buy.

Shows as a sell.

BB

Once proven, it may become a forward looking market (Trust). Presently, nothing is priced in!

BB

Edzi, it would be speculation. You can control systems to give you various inputs/outputs. You can control PH vlaues, flow rates, pressure etc. You need a process transmitter to give you a true actual value, Your programmable logic will have the desired value, from this it will give an error/deviation signal along will a lot of other permissive that must be met (Ladder logic).

Operators will put in a desired value, the logic will measure it against you actual value to give an error signal. This value will be used to adjust the process. this signal can be slow to ramp up/down giving stability or quick to adjust but becoming more precise, but that can be unstable. There can be hundred of transmitters feeding into the logic, all affecting various parts of the process. Inverters for motor speed control/pump pressures.

Lets hope it a standardised unit that can be set up on site with various perameters set to achieve different outputs from various feedstocks/Grades.

BB

Thanks Kalan, appreciated.

BB

Todays RNS 'The targeted combined processing capacity of approximately 25 000tpa of copper is achieved by an expanded Sable at 16 000tpa and Roan at 8 000 to 9 000tpa (depending on feed grades) of copper.'

Februarys RNS Update 'The Company is pleased to announce that it has completed the manufacturing of the new front-end modular 50 000 tonnes per month unit, which was designed by the Jubilee Technical Services ("JTS") team in South Africa. The new modular unit is pending painting before being dissembled and containerised for shipping to Zambia during February 2024. Once installed, this module will allow Roan to process multiple feed sources in excess of 1 000 tonnes per month of copper contained in concentrates.'

BB

On another note.

Was roan meant to produce 1000t/m of copper? They now state 8000-9000t/yr (666t-750t/m)

From RNS - 'The targeted combined processing capacity of approximately 25 000tpa of copper is achieved by an expanded Sable at 16 000tpa and Roan at 8 000 to 9 000tpa (depending on feed grades) of copper.'

November Presentation - Guidance FY24: 5 850 tonnes copper.

Pg 9 - Roan Operations (Capacity 13 000 tonnes Cu per annum)

BB

From RNS 'Of the 15 096 798 Acquisition Shares, 1 509 680 will be locked in' Project M &

'Of the approximately 21 135 527 Shares, 1 006 453 Shares will be locked in'

Project M shares @7.8p they may wait to sell the 13.5m shares?? Lets hope so.

Project G shares will probably be issued at a lower price due to 30day MA. So they may be selling they're 20m shares a little sooner.

That's a lot of shares to work through - 33m, at least the 7m warrant shares should have gone by now.

Hopefully, we will rise from here, but a little slower due to the selling pressure.

Any charting views??

BB

Paid 7p for 19829 shares.

BB

I guess we've dropped out the rising channel?

Do we now flatline or drop further?

BB

Do you have to have noughts?

Enough of my waffle, lets move on.

RNS tomorrow!!!

BB

Binary trading :-)

BB

Never seen that!

But we did get a 1 trade, which some say is an RNS inbound.

BB

Kalan

Do you use level 2 to see the buy/sell sides?

BB

That’s great news Kalan.

BB

People waiting on the side lines may get caught out. Once it's known more widely that JLP are copper producers as well as PGM's this should rerate. Platinum $1028

BB