Member Info for Bluebelly

I guess there is a case now that Tljate maybe profitable depending on the percentages of the PGM basket. Good point Jeffry. I only think of commercial viability in relation to the Platinum element, as that was all that was stated previously.
It would be great to offload it,(even cheaply, what ever cheap is??) to get us progressing with projects we can run & operate now and in the near future.

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Kalan.
Thanks for the more insightful view on the charts. Also the projected returns are for Q2 and onwards would appear reasonable. They could progress Kabwe from profits at that rate but that would be a slow route to take. Funding through a loan would be a good option if they can prove their income will cope with the repayments. Otherwise it would be a mix of equity and loan funding. Not ideal, but we do need Kabwe on the planning chart 2019.

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Just for you Sumo' hope it works.

https://finance.yahoo.com/chart/JLP.L?p=JLP.L#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

Doesn't look far away now. One piece of good news could give the signal for those waiting on the side lines to pile in!

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Platinum around $800/oz Start Dec 18 - Now $801
Palladium around $1050 Start Dec 18 - Now $1402
JLP SP Start Dec 18- Approx 2.5p - Now 2.5p
(I guess palladium now makes up 50/60% of our revenue)

Oct 17 - Platinum $920 / Palladium $960
JLPs SP 4.3p
Q4 Hernic production of PGM's -3755oz JLP atributrable earnings $965K
Q4 Hernic production of PGM's 6279oz - JLP atributrable earnings $2.173m

That's just one project, for one Quarter!!!
Say no more - Happy to hold & hold & add

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If that was the case it would have closed early, not 5pm Sunday|
No II support.

Doesn't look great for future of AST. What is the share ceiling set at without calling an EGM?

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I found it strange that there was no mention of Kabwe in the Quarterly update. I expect it may be covered in it's own RNS soon. As Sumoskier elluded too. Maybe there is an Equity raise on the cards. I'd prefer not to raise funds for Kabwe in this manner but for once I'm not filled with dread at the thought of it. I would just like to see Kabwe happening and know how we are to progress it.

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Another link from the bottom of the linked page!

Interesting that the 5 big SA miners are not hitting double digit returns, which is key for investment.
You can't have palladium without producing platinum. The conundrum continues and they carry on losing or just about break even. Then the strikes damage them further.
Maybe they'll be seeking JLP's assistance sooner than later, to reduce their cost/oz with our enhanced recovery processes.

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$1426 as I type.
Incredible uplift.
Check out the last quarter for Platinum and palladium:
http://www.livecharts.co.uk/MarketCharts/platinum.php
http://www.livecharts.co.uk/MarketCharts/palladium.php

Our revenue must be improving, along with the DCM upgrade and all the other things happening.
Last year Jan 18, we were around 3.5p having dropped from 4.5p due to part ownership of Kabwe. Now we are lower and own almost all of Kabwe and also, the other projects have improved.
Yet JLP is 15% off of it's low and at the same price it was in July 15 (Yes we have more Shares in issue)
I'm happy to hold & add.
First use of the Strong Buy from my recollection!

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<26m approx.

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Ignore this thread. Nothing to see here.
Trades gone through at 2.451p.
Sorted

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2.480 - 2.499p
Don't leave any excuses to walk it back to 2.5p when we re-rate.

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It is so much better than ramping and deramping.
Interesting how we think of different figures from statements made. McMac sounds more probable after Visitor & MH's discussion.
Roll on the next few months.

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With good news and an increase in volume, hopefully they'll clear a lot quicker. May be the quarterlies will be our launch pad. Otherwise we'll be talking for months about these trades and speculating.
Platcro starts next month if it's going to plan, another booster for the SP.

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Hopefully we will hear something on the Fine Chrome circuit and how it's improved the process.

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Palladium @ $1342
If 40% of our production at just hernic is palladium, thats 1000oz. $1.34m revenue for just one element. Not that accurate but give an idea of what sort of income we could be looking at. Add in Platcro and DCM if licensed to produce PGM's.
Q2 & 3 average palladium price was about $965, Q4 is around $1165

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DCM had a pretty poor year due to the upgrades to implement the Fine Chrome recovery circuit, however, that is now behind us and 4-5p should be achievable just getting back towhere we were. Add on the Platcro Project and hopefully Kabwe Zinc/Lead initially we should see new highs in 2019.

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It will have a positive effect on the SP when this or the last Quarterly figures given to the market.

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Aug 2013 357m shares Mcap approx @ 5.6p = £20m
Aug 2010 255m shares Mcap approx @ 29p = £74m
2007 price was around £1.20 but dropped quickly.

We have so much more now than back then. Tjate and Conroast, were all speculative as opposed to the cash producing assets we have now and Tjate is still on the books with a mining license..
The price of platinum then $1600 now $821
Palladium then $500 now $1300

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Roughly:
320K bought
90K sold

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