Member Info for Bluebelly

£14.2m was project revenue to date
Project earnings were £7.891m to date
JLP attributable earning £2.819 to date

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From 2018 update in March.
DCM chrome production to date:
130k tonnes chrome concentrate
£14.2m = $18.5m
Approx $142/tonne of chrome concentrate
Hope this helps
Not sure on current prices.

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This is now such a different company. If you bought in 2012 you paid a lot more than you sold them for, unless you averaged down in the intervening years.
The price now is ridiculously cheap compared to early prices, when it was purely speculation on creating income and an asset on the balance sheet. They now have producing assets and this year should turn the corner to show a profit for the company as a whole.
Also Kabwe could be a game changer and the 10-15p region could be insight.
All IMHO -
Feels like we've been stuck in a Mouse Trap, when it should be more Toy Story, To infinity & beyond!!

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33 month period from Aug 17. Are we tied in to using this, or can we go for different funding option!
If we are tied, could they be slowing things up until Mar 20, when they can access improved funding options. Or $50m is not enough for Kabwe and they don't want to increase the riverfort facility, due to better options.

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JLP SP 4.47p - 2.45p - A few more shares in issue, but not that many!
Palladium $960 - $1540, maybe 20% of basket = 500oz/m - revenue up by $300k/m (not as much for jlp as part of 4e PGM basket) maybe $200/m
Platinum $923 - $859, maybe 70% of basket = 1750oz/m - revenue reduced by $147k, as above 2/3 for JLP = -$100k
Overall we are better off by $1.2m/yr, along with increased production & reduced basket price cost. All fag packet calculations.
A few more positive since the fall - Kabwe holding increased significantly - Fine chrome.

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From someone that doesn't understand acoounting. How do we look?
Is JLP suddenly looking like just another AIM stock kicking the can down the road from one project to the next.
Our profits from one project role to the next as that one then finishes.

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MH
If prices recover further, that repayment timeline for Platcro will be much reduced, or may fund the Fine Chrome from the get go!

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Smilemore. You don't get under peoples skin. What you're saying has been said many times before. The main point that people worry about is the funding Prem/RHA/Zulu. Over a short period in Prems history billions of shares were issued. For many different reasons. Until cash is in the bank either from Zim Gov or Circum, then the risk here is still massive due to GR's MO.
The people making good money are the one's that buy just before the 50-100% rises, selling out on the way up, may be then sitting on the side lines awaiting the next signal.

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They won't be drilling immediately.
'and drilling is expected to commence as soon as mobilisation is complete and seasonal rains permit.'
Smilemore, lets hope the weather is good for you.

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Thanks Kalan.
Once this turns and it is confirmed, whatever point that is. I don’t think it’s worth selling until way north of here. I’m averaging 3p now and my wife is 3.3p. So hopefully good profit to be seen here this year. It’s been a long long time coming back from March 17 spike. With hindsight eh!

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And any other chartist.
Would you care to share your thoughts on the technical, as we have gone back to a positive position.
TIA

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Maybe JLP have offered to buy BMRs holding of JLP shares back. BMR wanted a higher price. It’s now a game of poker. I doubt BMR can last that long with no money. Where as JLP have money coming in and it doesn’t change what they do. It’s just us shareholders getting frustrated. Interesting read on Consulmet. I thought it was JLP’s design from there own R&D dept/lab and LC’s knowledge. Any thoughts.

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Over the years.
Sold JLP 3m shares at £1.11 in 2007
Bought 3.6m shares back around 1.5p
Not the full picture, but he's done very well, he receives a salary too!
Nice work if you can get it.

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Bought 2,019,087 at 15:42
Sold at 16:08

£119 worse off plus fees.

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Hi 34DS.
Just back in Cape Town from two days in Aquila Private Game Reserve. Off to Stellenbosch Thurs for a wedding Fri. Hopefully back to Cape Town Sat to settle down for the big game around 6pm - Swing low.
Apologies for the O/T
I was hoping for a rise in JLP SP during the two weeks here, I guess there's still time.

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It will take a lot of pressure to change Cat's over that are already in the spec of cars in production. It has to come sooner or later though.

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Not pointing fingers, by the way!
34DS, you will know what I'm on about. My village is without one whilst I'm in Capetown. Visited said place yesterday after tackling Table mountain. I know how to treat a lady on Valentines day :-)

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Cushty = very good or satisfactory.
Custy = Not recognised.

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Sumo.
You can't totally agree and then point to the next Q's result as the SP mover. The reason we haven't moved up is due to the previous Q's which take into account the change in PoP and other things affecting our profits, DCM upgrade, Hermic uncertainty. JLP have moved forward but it's against a massive headwind, we are now gaining traction and the market will have to take notice
What if the PoP has remained above $1050/oz or increased, we may not have bothered with the fine chrome. Now another string to our bow, if successful.
It's almost the perfect storm. I agree that it is this year we need to see results via SP and not talk of progress.

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Boring, definitely at this moment.
But the next update should give us some major impetus to start the climb north.
As Kalan states, selling at 9.5p. That wouldn’t be boring at all.
There are a few wise technical posters and more that provide great research, I believe they both see JLP as very undervalued, IF the news we are waiting for comes in and as expected, 2019 -The year of JLP!!!

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