Member Info for Bluebelly

0.265p to buy 1m shares.

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Under £70m mcap. What is the forecasted earnings < £30m??

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Plat dropped below $900/oz. $880 at present. Palladium holding strong for the time being. $2741

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Carnage expected today.
Who would you want to be in over the weekend?
Still just in profit, but for how long?

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Wow 89p, I must have missed that or forgotten it.
The hard bit is making sure we hold when we are back in profit, due to the fear of losing it again.

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At this rate. Then where will it go?
50% down from the high in Nov of 28.5p.
I've sold some of my core holding from my favourite share, to average down here.
Average is now 18.3p, just 5 weeks ago this was trading at 19p+.
The only risk I can see is the management of the debt & the CEO reward over 1% of company value.
However the large holdings from II's and the fact that most are increasing give me the confidence to increase my holding.

Thanks to all the knowledgeable posters here, I see this as a massive opportunity. 45p is a 200% gain from this level. Would 45p make SAVP undervalued after Q1& Q2 updates and Niger CPR??

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Reggie72
If it wasn't for the strong II support I would agree with you.

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I managed to buy at today's high.
It was bound to go sub 15p.

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That made me laugh.
I was drawn in on the Miton theory.
Are you sure nen? Day/month/year all checked correct?

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Apologies:
60% of SLP's mcap after cash in the bank is removed.

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Thanks Visitior. Always good to get more info that explains the differences.
JLP mcap £82m for 72k oz/annum of 6E PGM - zero cash (ish).
SLP macap £174m for 106k oz/annum of 6E PGM - minus £36m cash pile - £138m .
JLP are 60% of SLP's mcap and produce about 67% of the oz.
May be they are both fairly valued at this moment. Roll on Kabwe and Chrome recovery.
We could then hit 5p+

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Jammer1's post from Monday:-
'As others have said the SLP basket price is gross i.e. before any processing costs of the PGM concentrate and penalties for impurities in the concentrate. Based on a 6E PGM basis, and assuming revenue is defined in the same way for both companies, I have calculated the net average basket price received for SLP and Jubilee during the last 6 months of 2019 to be $1024 and $991 per oz respectively. I have assumed a £ to dollar rate of 1 to 1.3. This result looks reasonable as the rhodium content in the Sylvania basket is believed to be around 40% more. The difference in prices since the beginning of the year will have provided a far greater value advantage in the basket price for Sylvania due to the huge increase in rhodium prices in particular. Sylvania's 3rd quarter figs will be amazing if the current PGM prices, and particularly the rhodium price, hold up.'

JM will still be receiving a lot more this quarter than last quarter

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After a poorer than expected FY report.

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SLP 5th Aug 15 - SP 11.25
Jan 16 - 6p
Feb 20 - 60p - LTH rewarded.

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17th Sept 19 RNS:
The Kabwe Project.
The Company is fully funded to execute the Project.

Then on the 14th Nov an Equity Raise (RNS).
The proceeds of the Placing will be used towards the completion of the chrome and PGM transaction at the Company's Inyoni Operations as announced on 24 October and 5 November 2019 and to implement the Company's targeted expansion plans which includes the Kabwe zinc, lead and vanadium refinery project in Zambia.

Any decent rise is stopped in it's tracks with share issues.
JM are also bringing in more cash yet still need placings to expand. Market Cap increases but SP remains stagnent - 5 Aug 15, SP 3.92p having disposed of Middleburg for £5.8m and looking at setting up DCM:
'Proceeds from the Disposal capable of fully funding the capital required for the construction and commissioning of the Dilokong Chrome Mine platinum surface processing project.'
Come on Leon lets take a leaf out of SLP's MO!

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Those with the money will buy british. Others with less in their pockets will survive on the cheaper imports, via Aldi/Lidl.
Also Fruit picking should be enforced on students, like a type of National Service. Just one day a week.

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Pld @ $2536
Plat @ $979
All good

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Snaffleman, it's not a bad joke. That's how it is reflected on the books right now. We are at worst case scenario for Tjate.
In the words of the song 'Things, can only get better'.

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28/3/19 was when last years were RNS'd.

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EUA now at £178m market cap.
JLP at £78m, now only 43% of EUA's valuation.
I certainly backed the wrong horse. Looked at it at 0.6p, now showing 966%.

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