Member Info for charles432

Well at last the share price appears to be through 8p and slowly rising, and the market over hang appears to have been digested, long may it last. But I for one , even with my holding still under water do not want a sudden upward rerate , slow and steady will do myself.

But my prime interest in JLP has always been its green credentials , and I have been around the share since powergen. I expect in the distant future JLP to undergo a major rerate when the world realises that climate change is dictating the need for certain critical metals . And the only space the world will be able to obtain the critical metals it requires is from old mine waste dumps.

Thank God for Brexit which has enabled the UK to regain control of its historic fishing rights in the North Sea.

Now that the UK has banned the fishing for sand eels in the North Sea , an essential food for our Iconic Puffins , these beloved characters may have a future. Although the EU appears to be about to take the UK to court over this ban.

The answer is those living in the EU must eat cake and not fish.

I have been trying to track the Lloyds share price as it moves with the share buy back scheme, at present the price appears to gain a steady 0.20p each day. Thus on Wed 15 th May I expect Lloyds to close at about 54.75p. The share is as cheap as chips, but I regret have no more cash to invest at present.

Lloyds is a solid UK high street bank steadily making money for its share holders, and it seeks to reward share holders for their investment in the Bank.

I always thought Inyoni was a PGM recovery plant , where the feed supply consisted of PGMs from which Chrome had been removed. And in fact the more effective the Chrome removal taking place, so the more effective recovery of PGMs. Hence JLP started life recovering Chrome and PGMs from abandoned mine dumps, containing these metals, that nobody knew how to treat.

Also Inyoni I thought was built on the old Hernic PGM recovery site , with an integrated Chrome recovery unit at the start of processing. And in fact Inyoni I believe can handle a mixed grade of feeds.

The fact that Chrome concentrate is currently much more valuable to JLP's bottom line than PGMs, historically the reverse was true , does not mean Inyoni has become a Chrome mine. Both minerals are currently recovered profitably at Inyoni.

Thus can somebody tell myself my assumptions above are totally wrong, and why? Or is JLP using Inyoni for PR purposes whilst the problems at Roan still are not resolved.

For myself Rachel Reeves as deputy prime minister is a troubling mystery.

Reeves has the support of Mark Carney , previous B.O.E. governor , who appears to be active in the political sense and not willing to gracefully retire as previous B.O.E. governors. Rumours even suggest that Carney tried to replace Trudeau.

Reeves also holds the record for the youngest ever Grand mother, age 34 years (could be 33) in the UK. Hence I belief Reeves will place a Bank Levy on UK banks' profits as she searches for tax revenue to spend on her dreams. I just do not see her as a level headed, feet firmly on the ground type of person, which is what I look for in my politicians.

I can not understand the moans and groans on this BB. For myself Lloyds has a progressive dividend policy; with the share price supported by a buy back scheme. What more do you want?

I like all the others on this BB do not want anymore illegal immigrants; but this BB is not the place to try and stop them.

The gold price is pulling up Platinum , which is moving back to being more valuable than Palladium, its historic position. The Rhodium price remains stable, see Kitco.com ; 1 st May 2024. Thus I believe PGMs for JLP are about to provide greater earnings , which combined with Chrome concentrate earnings is great news.

But usual problem with JLP is its sh*t PR messaging to the market , and at present all JLP appears to think about is the start up of Roan.

For myself as a private share holder in JLP the situation has become === LC and the BOD continually pursuing Expansion and Revenuer, with their salaries paid out of revenue : Whereas I wish to see more emphasis on Production and Earnings. My prime hope moving forward is that Slater has a major input into JLP, and is able to temper the over ambitious LC and his team.

The company at one stage was going to recover copper sulphide concentrates plus cobalt from historic copper sulphide tails in Zambia (300 Mt purchased), this proved an ambition too far. The market only rewards successful ambition, and not what might have been achieved. Thus I do not expect the Share Price to move up before the company proves it can produce, profitably, increasing quantities of copper in Zambia.

Sumoskier

Totally agree with yourself , that is also my understanding of situation, Roan to produce at least 1000 tons copper per month , Charles.

The Ftsee 100 is at record levels but JLP continues to weaken. As long as I can remember when Chrome prices are up so PGM prices are down, and the reverse is true. Thus one would expect JLP to concentrate its efforts on recovering the most profitable mineral in SA, as sound business practice, and not as new wisdom as some attribute to LC.

For Q1 FY 2024 Inyoni PGM production increased to 10113 ozs from Q4 FY 2023 9350 ozs due to increased feed from the Thutse new module. And the RNS states this process is expected to continue as the Thutse Processing Module operates at design capacity.

But for Q2 FY 2024 PGM production fell back to 8339 ozs, due the RNS states to reduction in available stock of lower grade PGM feed material being available. Yet I remember Inyoni as built on the site of the old Hernic PGM recovery plant, where there are literally millions of tons of historic low grade PGM tails waiting to be processed by Inyoni. Thus the above is maybe another LC hidden problem, he never admits to any problems.

For myself in Zambia JLP operates strictly according to Murphy's law: If it can go wrong, it will go wrong : And this situation will continue until the salaries of LC and the BOD are linked to share price performance.

LC built built his private test centre in SA in record time, and this is where his major interest lies; not in ensuring after some five years Roan produces copper concentrates.

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I think the UK economy could do with a shot in the arm, just a 0.25 % cut in interest rates would be a great boost., Problem is Bailey appears to be waiting for the Federal Reserve to cut interest rates first before he acts. But now must be the time for the Old Lady to be the first to act, and boost the UK economy. A 0.25 % cut is not going to mean inflation will come roaring back , but the effect on the UK economy will be vast.

The effect on Lloyds of lower interest rates means less income, but overall Lloyds is totally tied to the strength of the UK economy.

Now I do not understand all the market manipulations , but 75m block shares were listed this morning as part of the Lloyds share incentive scheme at a nominal price of 10 p. These shares will be available for trading on the 3 rd April at full market price.

Now these shares I suppose at present represent an over hang in the market, and the Lloyds share price consequently weakens, Of course the full effect of this new share issue will be determined by how many recipients, wish to sell some or all of these new shares next week.

I read the RNS more than once and I understand that a second chrome module at Thutse is to be commissioned August 2024. But I can find no detail as to progress with first Thutse chrome module. For a progress report this is I think an error, or is only the first Thutse chrome module in fact going to be commissioned in August 2024.

Until the market receives positive evidence of copper production, and hence cash accruing to the bottom line there is minimal interest in JLP shares. LC has promised so often and not delivered, and the Sunday Roast is not an adequate method of communicating with the market.

For myself the fact that LC and the BOD are paid increasing amounts of cash as salary every year, with no link to share price, means nobody is concerned with PR and talking to the market.

Well Bailey has got inflation down to 3.4% by harvesting the low hanging fruit. I predict to reduce inflation to 2% will take a lot more time and effort. Currently Communication inflation is 5.6 % , and we all need communication. But with BT I do not think it will ever fall below 5 % .

Martin Lewis needs deporting to the USA , that is the home of litigation, not the UK.

Some 75% of global copper reserves are to be found in low grade sulphide ores at depth or associated with waste on surface. The major problem with these reserves is that they can not be treated economically with traditional acid leaching measures, which are in themselves very detrimental to the environment.

Jetti Resources in the states has just raised $200m towards finding new leaching agents, to treat low grade copper sulphide ores, with BMW taking a stake in the company. Hence I can well understand Slater's interest in JLP.

However I get more and more desperate for a progress report from JLP , and the market appears to follow my feelings.

A major worry for myself is that I believe Lloyds is still running much of its important systems on Cobol , a totally outdated language, but it works OK when correctly programmed. But Cobol is not the way forward for any Bank.

IT is difficult and expensive to update , but a day of reckoning can arrive if nothing is set in motion to keep systems up to date.

From Kitco.com, today 15 th Mar. Pt, Pd and Rd all gained from 1.5 % - 2.0% . At last after years of grind I believe JLP share holders can look forward to a very bright future; with Cu also on the up. But we need the company to report on positive progress.

Gotreal please do not get personal about posts on this BB , we live in a Democracy and everybody is entitled to their opinions however diverse.

Leon always told share holders that most money was to be made in producing A grade copper cathode and not concentrates. This was a prime reason for purchasing Sable, and I have no reason to disbelieve Leon. Although, currently in China copper refineries have a major shortage of material to process, thus it maybe that China is now buying up copper concentrates at much higher prices than historically.