Member Info for Bluebelly

Jonathon 1970
Toobs
PGMB
If a massive placement occurs, Toobs, you will be recovered from the bin and put on a pedestal.

BB

PGMB, Milton were down about 40% back in March, they then bought in to the large placement and there average will probably be around where we are now. If they were unhappy with JLP investment why did they not sell their original stake around 3.4/3.5p and just hold their Mar 19 stake as there maybe a time constraint before they can sell them if they're not happy?

I think JLP may be the one that helps out their portfolio more than any other share.

BB

It can only improve our income and profits & even pay off excessive consultancy fees. Luvly jubly.
60k ounces up $100 gives approx $6m (£5m) The pound being low should improve our Mcap as our product is all priced in $'s. At $1.50/£ we were getting around £5.67/oz ($850/oz), now at $1.20 we are nearer £8/oz ($960/oz). That's a big increase.
And SP falls.
Long & strong

BB

From Shard Broker Note - 21st Mar 19:
'We note that the $12m acquisition cost comes in at significantly less than our previous assumption of $20m.'
That values DCM, Hernic, Windsor that all produce earnings & the Kabwe tailings at £29m-£37m.
Very undervalued.

BB

End of November 2019 - Another 3 months salary for GR.
'The ZESA Scope of Works has been quoted and is to be settled in Zimbabwean local currency'.
How much, would be nice to know?

BB

NM

Agreed. It looks ready for the next step down. I'm not sure they can consolidate. Everything costs money and Prem are pretty skint.
Maybe Consolidate and Issue equity, but an EGM will occur before that IMO.
Still to much risk to take a position here. This had so much potential just 3 years ago.

BB

And down it goes!!

Couldn't resist, sorry TBTT, good article.
I remember CB speaking around new year 2017, how JLP would become a cash cow from Hernic and the famous Mid Cap statement again mentioned.

I do believe we are heading to become a Mid Cap company, if they want that!

BB

Bring it into play - As in it having value on the balance sheet and therefore potential value to sell on!

BB

The PGM production from Hernic was affected in Q1 by the power outages (Approx 5,100oz v 6,500oz, so I would expect those figures to improve further for H2. It looks like we will be achieving >25,000 oz/yr maybe 30,000oz is a struggle to achieve with Dec maintenance period Platinum price improved slightly over the 6 months.
Then:
Aug sees the first PGM's produced from Windsor.
Then Zinc and Vandium, Lead and Copper in whatever order over the next 12 months.
I cannot see any downside from here, apart from the overall markets being negative.

BB

JLP must be gearing up for the commemorative coins, that everyone will want for the Queens Platinum Jubilee in 2022, is this the Windsor connection?

BB

Update. They're still rising.
Now 37.2p, was 16.3p on Dec 31st.
128% increase.

BB

I would have imagined that some of the buyers in the last placement expected a better return than they have witness and are maybe a bit nervous of the markets.
Should they wait for Kabwe? Probably, but maybe they will get back in after further gains somewhere else.
I'm too lazy to trade.

BB

2t = 2MT's/yr = 5480/day =228/hr=3 trucks =76t/truck/hr. Approx 48 mins at 100%. At 66% efficiency =32 mins.

Have I missed anything?

BB

They're going from strength to strength.
Maybe it's our turn next.

BB

What a great time to be in JLP. Basket price at it highest and a new 30,000 ounces to come on stream. Not to mention Kabwe, Fine Chrome roll out. I believe 2019/2020 will be the year JLP morphs into a Mid Cap company.

BB

Carbon Capture was mentioned. I imagine there's loads of room where oil has been pumped out from. Old caverns from solution mining!!

BB

Shame you couldn't hold out Mr E.
Good luck.

BB

We know JLP are making more money than at anytime in its history, but the market won't see the profit from the high basket price until March, unless we see an updated broker note.

BB

Lockedln.
The point I'm making is that Prem will have 1b shares left after the approval to raise the ceiling at the AGM. 2.5B increase, approx 700m shares to repay loan note and 753m to cover the remaining money loaned to other company. Those shares will be sold into the market, late July/August and unless there's keen buyers the SP will fall. 1B shares will raise about £400k at current SP, not quite enough for the G&A cost for the year.
From Prem's Final Results -
Going Concern:
The Company will seek to diversify its operations and risk profile and limit the funds that need to be raised through equity placements to provide necessary funding for the Company's significantly reduced fixed overhead.

In the event that the Company is unable to obtain additional equity finance for the Group's working capital, a material uncertainty exists which may cast significant doubt on the ability of the Group to continue as a going concern and therefore be unable to realise its assets and settle its liabilities in the normal course of business.

Standard wording, but he's still issuing equity like confetti and didn't give himself enough headroom.
EGM: Consolidate and start again!!

BB