Member Info for charles432

Pt is falling back whilst Pd is on the up, whilst Rd is steady. Hence PGMs for JLP remain profitable.

Cr demand appears strong, but impossible to know the true situation within China. However demand for Cr continues to increase from India.

Cu demand very steady at present and appears to originate from countries upgrading National Grids to accept green electricity etc. The world can only go all green (electric) by countries upgrading their National Grids. Current National Grids Infrastructure will not support global electrification, and will fall over with increased demands for electricity.

On a personal level, I believe the danger from fire from using Lithium in batteries will be overcome by utilising Cobalt Sulphate.

But JLP is in an excellent position at present ref. metal demands.

From Kitco.com at Canadian Bank's (6/03/2024 ) annual Global Metals, Mining and Critical Minerals Conference ; Survey of delegates reported that for the next Five years, 62% preferred to hold Copper with 22% wanting Gold. Copper is number one.

All I expect from Lloyds is a progressive dividend policy plus share buy backs. The company is not responsible for the problems of the world, nor is the UK.

The Jews and the Arabs have been at each others throats for donkey years; in Palestine. It is time they sorted out their problems. Palestine is a long way from the UK, and its troubles are no fault of the UK. I do not wish to see the problems of Palestine continually played out on the streets of London to the detriment of the majority. London demos take up very valuable police time, whose prime duty is to prevent and solve crime.

Well done Lloyds keep it up, I believe the company is on the right track.

Poors I agree, even my rather limited system is showing up to 3 million shares moved this morning, some buy and some sell, but majority look like buys. Thus I think a rerating on way as does Poors.

I have known for some years that the rate of recovery for PGMs is as low as about 30% , but if Draslovka can improve the recovery rate with Gly Leach to say 60 % , then JLP will not require PGM prices to recover. Profits arising from current PGM prices could well be as good as historic returns from when PGM prices were much higher.

Well LC has escaped having to answer any difficult questions at the scheduled presentation , and once again there is no mention anywhere of current Chairman's activities. I despair the company will ever learn how to communicate with share holders.

Sable was purchased in order to process the Zn, Pb and V found in the dumps at Kabwe , and to date no Zn, Pb or V has been recovered at Sable to my knowledge. Equally some 300 MT of waste sulphide historic processed tails were purchased in Zambia to produce copper concentrate for processing at Sable. My understanding is that Roan, which was built in order to recover copper concentrate from historic sulphide tails proved to date a failure at such production, and JLP has now purchased old mine copper oxide rock waste to process at Roan into copper concentrate.

If LC knew previously how to recover copper oxide concentrate from old mine waste copper oxide rock, why did JLP purchase 300 MT of historic processed copper sulphide tails?

Bailey at the Bank was very slow to raise interest rates and UK inflation told hold like a petrol fire. Then realising rates must go up to choke off inflation, Bailey upped rates to current high levels. Now with inflation falling Bailey wets his pants that he may lower interest rates too soon. The solution is for the Bank to act like the FED and state it expects interest rates to decline in the 3 rd quarter etc, the Bank has yet to learn how to communicate with the market. The UK does not need a Bailey recession.

Bailey and the Bank are like so many company CEOs and BOD, they just never learn how to interact with the market.

For myself Lloyds is a steady and meaningful dividend payer. Thus I am at a loss from time to time by all the negative comments posted on this board about the company. Some persons at times appear so negative about the bank, that I suggest they sell up and invest in another company.

In the USA there is Trump stating that the US economy is improving not because of Biden's actions, but because Americans know Trump will be their next president. With this lunatic on the loose in the USA, I am very happy to hold onto my steady Lloyds shares.

Interim results for period 31 Dec 2023 are due to be published second week Mar 2024. And I expect L.C. to tell the truth about funds accruing to the bottom line, and exact truth as to current metals recovery position. Roan was supposed to have been in production years ago, and LC tries to tell share holders Sable is worth millions. I have a message for LC "Sable is worth zero as it has no meaningful quantity of concentrate to process."

As for our mysterious Chairman, what function he undertakes I do not know. And if the March report is not a useful boost for the SP, I suppose I shall sell out of JLP after very many years of interest. One major positive for myself with JLP was that the company makes a major effort to train the local population for active participation within the company .

I just want to see a pay back for all this effort.

LC pays I believe to use Sunday Roast as he then knows what questions will be asked, it is a waste of time.

The Jlp share price will rerate once the company starts regular quarterly production of copper. Currently the company is dependent on Chrome and PGM revenue to keep it going, and margins are thin. But once the supply difficulties associated with operating in Africa are over comer, and concentrator machinery arrives safely on site, then copper production will take off.

In the meantime I appeal to the BOD to keep investors up to date with progress reports, these are required so share price is a function of future reality.

Some persons on this board are so negative about the UK that I suggest they migrate to Europe etc. It is no good for ever moaning about your country, the solution is to get on with the task in hand, and for us all to make our country work.

That lunatic Bushy spends his life looking for all the possible negatives he can find. Well Cholera is endemic all over Africa and the authorities in Zambia are tackling Publicly their latest outbreak. I wonder what the hell Bushy would have found as a relevant comment to write during the height of Covid 19. And Bushy covid is still present in Africa so there is plenty for you to research on health.

The ANC government is destroying S.A. , crime and corruption appear to be of little concern of the government, and efforts to restore SA electricity supplies seem low on government agenda. This government also appears to have minimal support for its Jewish population.

Yet the SA government devotes considerable efforts to taking Israel to the International Court of Justice for genocide of Palestinians. SA appears to be becoming an Ally of Iran and Yemeni rebels from the company it keeps. No doubt the rumours about SA supplying arms to Russia have some substance.

Now SA has upcoming elections and many of the population have had enough of ANC government. We must all hope that SA elections will bring about change in the SA government. Change of government in SA will be for the greater good of all.

The JLP share price continues to fall, my holding in the company is totally under water. LC produces less and less to the bottom line yet his annual salary continues to rise, now at least £447000. LC promises copper oxide modular concentrators but states the company is waiting on road transport from SA ports for items to arrive.

The truth is SA ports totally congested since SA railways ceased operations due to load shedding, now everything has to be moved by road. Result yet another promise by LC stuck in system, and he finds no need to keep share holders up to date as to current situation.

LC is not a CEO he is entirely a R & D person, hence he built his own private Research and Development centre. In the past JLP used to conduct R & D in conjunction with Mintec Johannesburg . No more LC has his own research centre and I never remember LC telling share holders he was going to leave Mintec and have JLP build its own R & D centre.

Whenever LC states the company is self funding, that means the company will have another placing of shares. I have lost all faith in LC.

If I were a Martian recently arrived in the UK and switched on the tele; I would think I had entered a Black or Coloured country.

Under the Ultra Woke leadership of the BBC all Television, even adverts, has its quota of black or coloured persons. Further in fact much of the TV is black or coloured dominated.

Surprise, about another half million of the silent majority no longer want auntie licences. The BBC answer is to raise the licence fee by a further £15. But the internal problem of the BBC is that it now employs; editors, reporters, specialists and commentators concerned with every facit of life, located in every country of the world. These people need to be rapidly reduced in number.

The BBC always had a reputation for honest true reporting. No longer true, J. Bowen sends incorrect report from Gaza, but because he put blame for Hospital explosion totally on Israel all is fine. Explosion actually caused by Hamas rocket misfire.

Hamas, funded by Iran, is dedicated to removing Israel from the face of the Earth. The palestinians of Gaza by their continual tacit support for Hamas have brought retaliation from Israel upon themselves. Yet the BBC spends a vast amount of time and money on Gaza. Only the looney left of the UK are concerned with Gaza. Most of the UK silent majority are more concerned with the problems of Ukraine than Gaza.

No doubt Reeves will raise UK taxes, Bank Levy etc, so that she can subsidise the Ultra Woke BBC.

On the other B.B. "nickgrant2" has some very interesting comments about copper recovery using the new modular concentrators, refers to latest presentation.

Gotreal, Draslovka purchased Mining Solutions in 2021 (2102 is the future) and the vast amount of their purchase price of $520 m was spent on acquiring Cyanide Production. Draslovaka have also purchased Sasol's South African cyanide production. Gly-leach is a new concept aimed at replacing acid leaching in the base metal mining industry, also appears to offer a future where use of cyanide by Gold industry greatly reduced.

As a person who hates the mining industry for its pollution of Mother Earth, we have to think of our grand children. I for one hope JLP is successful in the utilisation of Gly-leach, not because it offers more porofits but because it protects Motheer Earth from the ravages of the mining industry.

Gotreal I have been around JLP when it was Tjate exploration and CB alone. CB greatest achievement was recruiting LC to JLP. But over the years JLP has become an interest of mine, and I am not likely to sell up on your suggestion.

Historically I had an investment in both JLP and SLP. But then I sold SLP and kept JLP, big mistake should have sold JLP and kept SLP. Eventually selling out of SLP and next buying back into JLP. But hindsight is a wonderful thng. Thus I now take a long term view on JLP.

Of course Gotreal you may have access to info that I do not have , about LC communicating with Draslovka . Although I regard Draslovka as being a family company around for very many years, with the Gly - leach concept very recent.

Mickie not for one moment did I suggest that the copper oxide waste rock material in Zambia recquires leaching. I am well aware that JLP has perfected a new method of recovering copper from this source of copper oxide waste. But I still regard Roan as an expensive failure until it performs utilising Gly - leach. Because LC historically was very gung-ho about treating copper sulphite tails in Zambia, rather mistakenly. I am prudent about accepting all he says about recovering copper from copper oxide waste rock. LC is a great salesman but he does get carried away with technical mining break threws, he is totally addicted to solving mining technical problems and forgets about JLP Shareholders.