Member Info for edzi

If that is true and I have no reason to think that NoExcuses is making it up that is a real hammer blow, not only to the Company but to Leon especially.

I would have thought he would have told people as Ricus was running the Copper side. Another huge blow

Great find JOGONOW

I have to say Paul Barratt has the perfect balanced attitude towards promoting Rome.

You can't help but feel he is underplaying this by miles and we should all look forward to the next few months where I hope ther will be

even more positive finds, especially from the last RNS, if they could duplicate that find from other drill holes they were going to do anyway

it could be a gamechanger

DRU

I fully agree with you, I said some time ago that Grimbeek should becaome CEO, now that there is a likelihood of getting rid of SA it becaomes more plausible.

SHUVLIN, you keep on using the word fairytale when you answer most of my posts. Everything that I have written I have made sure is factual, there is no point being on a discussion board and making things up unless you are paid to do so. You say I am bitter, no bitterness is a word I would not use when it comes to investing. I am angry that a fantastic Company that we all thought would be a game changing experience 6-9 years ago has turned into a muddled

out of control statistic that should never of happenned if a serious CEO with a full understanding of his role had been in place. The mistakes that have been made over the last 6 years in Zambia have been horrendous which is why some people on here are saying that Slater is calling the shots which I do not fully agree with. The way Leon has wasted money and time AND shares on knee jerk reactions because he didn't have a plausible efficient stratergy that would have protected the Company is really annoying because at the end of the day, you have to trust the person steering the ship. He has decimated value sown complete mistrust, lied to peoplein announcements been totally confusing when it come to messaging and ruined a future for some on here.

When the likes of Dorfan who is well respected and who has trodden the same path puts his view on here about what Leon is doing it has weight to it.

He may be much more [politically correct than me choosing to not say how he really feels but it is disgraceful how we have all been treated.

That my friend is not a fairy tale, that has been going on for years with Leon. Looking and reading some of your posts in the past, you are always allowed your opinion on here because that is the purpose of the board but don't you ever say things that are written by me are fairytales, all you have to do is be honest about what has gone on and accept that the Company at the moment is tilting towards the last throw of the dice because it cannot afford to make anymore mistakes like it has continuously done because soon it will have nothing to fall back on, this is whether the Circular which you are waiting for is covered in promises or not. You better think very carefully about it because people are judged on track record,whether you are astricker for Man Utd or a sales rep or a n investment manager of a CEO of a Company but it's your money. It wasn't long ago people wanted to get togather to see if we could get enough votes to meet Leon and make complaints, so nothing will ever change, he has his £600k a year and 1p opitons he is bullet proof as far as walking off into the sunset with money. Most of us are not

Shuvlin

If you like figures so much you will probably be well impressed on how Leon has blown your investment out of the water since you invested.

I'm sure they make for great reading. As far as the figures from the circular are concerned, I'm sure they will look great, even fantastic. I could write

a circular putting fantastic figures in however most people will look at my history and ask, " Can we trust him to hit the figures" That is exactly what everyone here has been going on about. You at Gotreal seem to still trust Leon, HiSTORY dictates that you can't, that's why I couldn't care less about the bloody circular because if it wasn't a stonking one why would they write it. And on another note has anyone ever read an RNS from Leon that 1) is a fully understandable one 2) does not leave more questions than anwers and 3) historically looking back on the RNS's that he has written, have any of them happenend or have any of them been hit. The answer is a definite NO !! So you just enjoy reading the Circular when it says we will produce 25000 tons of Copper in the next 18months, he won't tell you if that is Oxide or Sulphide by the way and he won't tell you the truth about costs and you won't know how much we have to give away to 3rd parties, etc etc. It will be as clear as MUD. Good Luck!!

Hi Gray1

I am not referring toNorthwern but others when I say that some people will not look at the facts unemotionally and with a business hat on, they will always look at things with HOPE first. I have been saying the same as you know for a number of months, in fact when I say something I am blasted off the roof but others are not, which is fine I really don't care about it but although markets are made by opinions there are some who are like born again idiots who will not accept the facts linking them with the history of the management. Even Mike Sunday who is a really good bloke and was a Leon fan even disciple seems to have changed his tune. The Company paints pictures that unfortunately are mirages. Now they are throwing the kitchen sink at the latest venture, if it works they will think themselves wonderful and so will their disciples. others will say ABOUT TIME> It's like employing a Sales Rep who has to hit targets but never does, they just give excuses. People running Companies are not paid for effort they are paid for results, The sales rep was sacked and so should Leon.

He is a dreamer and he has a history of not telling the truth " The unit is now ready to goto Roan all it needs is painting" OOPS!!

Kato

The management team have been in Africa and especially DRC for about 20 years, I'm sure they know their way round the place

and I wouldn't worry. I just want to try and understand why the SP has not reacted in a different way to what I thought.

Never mind as I'm sure the wait will be worth it

Hi all

I must agree with everything that is being said on this board and although I really hate ramping I am surprised by the reaction of the SP. Charles Archers comment on IRH nas Rome is not rocket science and we have to ask why other people looking at Rome can’t see it and want to invest. It’s always a great feeling seeing your investment go up and as I said yesterday it shouldn’t have any effect on the final price and on top of that the Company are doing a great job with messaging.

Mercedes man

That is the siliest thing I have heard all year!!

Hi All

Although it'sa shame mentally that the SP has not gone up more it really is to be expected, The SP was about 15 six or so weeks ago and people brave enough to buy then have made a great return. The other major thing to bear in mind is that whatever the SP is it doesn't change what the Company may be prepared to do a deal for, whether it is a buy in or a complete sale. I do hope though that it is a complete sale, finding this new area though will mean they will drill for longer.

Greener

I think one of the reasons for the SP not being higher is that probably some people are still very nervous of investing in the DRC, which is understandable.

On the other hand people who bravely bought in when the SP was in the teens are probably taking a profit and moving on but I hope that this is forming a new baseline for us to get to the 0.5p mark when ther is more news. The destination price though looks like it may be getting more exciting and I'm sure Paul Barrett will be doing presentations to Institutions to get more people in. We must all understand that smaller Companies like Rome will not attract a lot of investors but the news today couldn't really of been better

Marine clark

If I remember correctly, you popped up here some time ago saying the charts say this and the charts say that and it's probably a good time to buy because of this that and the other and then we have reached bottom etc etc and the SP has now gone up and down and up and down in a range of about 1p.

Everyone has a view, I am basing my view on the history of the Company and it's servants. They have consistently failed to deliver on anything they have said they will do be it timelines Promises about no more share dilution, targets, agreements with others, transparency, so if I am a fool so are 80% of others on this board saying similar things to me. I think the Circular is a total irrelevance for reason I have stated. I don't be;ieve Leon because of his history of not saying the facts as they are. I am not sating the Company is going bust, I am saying that what he is doing is too higher risk for shareholders of which I am one. If he had delivered anything in Zambia over 3 years he would have my full support. I hope for people on here including me that he is right but history dictates that it won'tturn out the way he says for a whole plethora of reasons and he is putting our money at a much higher risk than needed. He couls sell the SA business in 6 months once theZambian business has proved itself, I would have no problem with that at all, just not now as he is throwing the safety net away. That to me is not too much to ask as a shareholder who has put plenty of money into JLP in the past and who still has money in it. Is that foolish or prudent?

No Excuses

My theory and others on this board are saying that they are doing this now because of cash flow and that they are in a corner.

Accountants can always make figures meet but because of they costs of Zambia and the lack of cash and profits from that side of the

business it's not rocket science to feel that there is stress on the balance sheet, especially when you realise the small amount of Copper they have

processed in the last 6 months.

Happy Days

This is something I mentioned earlier today but no one wants to comment on it.

SEIS, Yes they have done tests on I think 6 different types of ORE, fantastic, if I remember correctly, they have also done tests on other ores in the past

regarding Roan and Sable and the 260 tons but they still have not got onto the starting grid and performed to any type of quantity and timeline.

It is to me still one step past the theory, I remember someone said that Leon was complaining about IRH wanting more tests etc etc and he was getting

very frustrated, well now we know why. And lastly, as Happy days has said someone purchased 10 million tons of the large waste project, so JLP are not the only play in town, in fact if someone purchased that amount they may be more ahead of the curve than JLP. Who knows, that is the whole problem

no one know what is going on, no one knows what Leon is really saying because he changes his tune all the time and everything is opaque not trnsparent.

The SP shows that more people are unhappy than happy. Ther will probably be more selling next week and IF the Circular comes out and it is still fullof questions then you know that ther are more problems, but I think that the circular will be good because it will be adapted to the situation. If SA needs a lot of investment why did wenot know this before we speny $12 million for 2 units, it all rubbish and mirrors. The Company is starved of cash and they have to do something, either come out of Zambia or sell SA on or the other by the look of it.

Gotreal

Yes if we go back to 2022/3 that is what we were told with dumps with less ore in.The only trouble is we are still waiting for it to happen on a commercial stable level that proves the Company can do what they said they could in 2022. Now maybe you could call me impatient but it's 3 years since we were told that, there have been numerous people messaging on here in the last few days saying the same and also saying they don't trust Leon, there is one person who said the same as me regaining Leons statement about taking years to get back $90m from PGM's but he didn't mention Chrome.

I am not cherry pricking what has been said or what has happenned in the past I am just being factual. I am not living in hope that they can do what they say because I was doing that 3 years ago and we have not even had small change out of Zambia. Zambia has cost us a lot of money and shares over the last 3 years because of promises that Leon has made and total BULL of the likes of the Sunday Roast which Leon has not argued with.

Again I say wait until they can prove they can do it and then look at selling SA, Not the other way around because they have tested ore for 12 weeks, mainly we were told because of IRH but now we find that they had no intention of doing business with them.

greed that was in my last post

leon has a better tounge than a 50$ ***** as they say in the classics

Sorry something went wrong.

I am just trying to protect my investment

Good luck all

Shuvlin

I really don't want to argue with you and I fully appreciate that for some reason you don't believe a word that comes out of MY mouth, accepted!!

Your post regarding "ON WHAT PLANET etc etc I agree that you have covered yourself in continually stating that you want to wait for the Circular.

However, where we totally differ is that you may accept what is written on the circular to get the deal across the line, I don't and won't, the reason being

is because of the following, which you will probably tear into and reject, which is your perogative.

I have helped create circulars for Companies on AIM in the last 2-3 years, I have also in the past helped and been with Companies (admittedly some time ago) on the Stock Exchange to write these documents either for a certain project or buying and selling Companies or Divisions of Companies. These Companies have been the smaller type and NOT in the FTSE 250. These documents although needing to be factual can and do always have a way of bending to suit the narrative. Now referringto JLP, they are going to gice out a Circular hoping to support the Sale of SA. That's fine, they are also going to produce a circular to do this, that's also fine, The circular will be their opinion, their opinion will be heavily biased towards selling giving reasons like they havejust done in the latest SUNDAY ROAST wher it has been reported by Wanjox ( never heard of him before) that the £90m will be 15 years of PGM's free cash flow.

That is dependant on the price of PGM's over the next 15 years. but he didn't mention Chrome and the profits of Chrome etc etc, and before you say anyhting I fully understand that there has to be a Banking facility to buy the ROM for Chrome, however Chrome makes good money as long as the Chrome price stays roughly where it is give or take 20%. Now let me move on, they are selling something BEFORE they have proved to themarket that they can create money out of Copper. it's fine creating money out of Copper when the feed is at 1.7%, but their business model was to produce it out of dumps that others couldn't,

Well 1.7% is more than most mines today are digging up, ( Leon's words not mine). A lot of people could make money out of 1.7% doing it the normal way.

Then what makes JLP different from anyone else, nothing except they get ROM that is on the surface which is 1.7% rather than dig for it. BUT WAIT A MINUITE, they are digging for it at MONKOYO and the other one and probably the other 2 that THEY ARE GOING TO SIGN OR PARTNER WITH.

Now I may be wrong in one or 2 areas but what type of business plan are we talking about. Sell the SA when you have proved you can do the Copper from the original dumps which we have issues millions of shares for and why we have spenyt 3 years waiting for. Prove it first. That is wher you and |I differ.

Because if Leon screws up which has been his track record in Copper so far, wher do we go from there? Again I accept it if I am wrong, I just try to pro

Northern Shark

Sorry it took so long to reply, I may be misreading your post but you sound as though I don't believe your a shareholder, I do and I have no problem with you posts, Unlike Shuvlin, I don't really believe a word that comes out of Leon's mouth anymore and like others I am very sceptical about his approach to anything because we only get to hear the bits that he wants to tell us. So YES wait for the circular but I'm not sure if I will take that at face value as it will be written in a way that is totally biased. How can a CEO in Feb/March start singing the praises of the SA business and then in June come up with reasons to get rid of it. He was either telling a lie then or he is telling a lie now

Northern

Your post is well thought through and I cannot do anything but agree with you.

I choose my words when I post linking it to the way Leon has always posted which to say stretches the situation spoken about is an understatement.

I agree with your sentiment regarding keeping the PGM's but for the life of me I would have thought that this would of been put in the RNS as it would make so much more sense. That is our problem with our CEO, he never tells the whole story so you just can't make a proper judgement on any given situation.

I would love it if whenever there is an RNS there is a copy of the small print because that is the only way I think trust would come back.

I also agree with Seis and his view on future sales costs for Chrome and PGM's. It may sound stupid to say this but I had hoped that even on AIM you would get some type of transparent communication with a Company that you have invested in. I see it with others but not here which is why I am so angry with regards to how we have been treated by a CEO who is not straightforward in his messaging. At the end of the day that is the main and only problem with JLP.

If we trusted what was said and written 80% of all the posts written would be redundant. If you can't trust someone you can't do business with them which is why a lot of people have and are leaving, me included as I have sold most of my holding but not all.

Mornin All

On the most part most everyone seems to be saying the same thing.

My thoughts are:

Waiting for the small print is totally irrelevant, as the question remains why are they selling a profitable business for a low ball offer

Secondly, that profitable business has supported 2-3 years of underachieving and whatever Leons says he has never given us numbers that he has

reached, so wanting hard numbers before the sale is impossible. If he WAS doing the hard numbers and the market then saw that they were achievable

then that is a different kettle of fish, but he has NEVER SHOWN ANYTHING !!. That is the gamble.

He has always shrouded the production of Sulphide and Oxide which has always been a problem, we are only guessing.

The deal will go through because if he hasn't it could be political suicide. he would have to go if it was not approved, which may not be such a bad thing.

With so many things up in the air the man is NOT TO BE TRUSTED. Show me the numbers once up and running and Zambia is profitable and then we can start talking about getting rid of SA.

The other thing to understand is, the Company buying SA probably knows that JLP are in a corner which is why the offer is what it is.

It's a disgraceful way of dealing with PI's. It'slike a runner saying he can do a marathon in 2hours and 6 mins when he has never come close to those times.

Last throw of the dice

Shuvlin

We all knew that the Company was going to make a better return on Copper than PGM's and Chrome, it'snot a surprise.

The point many are making on here is that after over 3 years in Zambia the Company should ALREADY be making more money on Copper than on SA

and it hasn't, so you can't blame anyone for being more cautious on doing what Leon is suggesting. In fact he is in a way going back on what he has said as he always was a big supporter of the SA business and proud that JLP were one of the biggest if not THE biggest. He is saying that Copper will generate more profits than Chrome, he said that 2 years ago and it still hasnot happenned, I'm sorry to repeatmyself but as any Shareholder you should rightly be concerned that a man who has not delivered is placing your money at a much higher risk, The small print of the deal is irrelevant, The risk to JLP as a veichle has just gone up 10 nothches because it now hasno safety net. I would be more than willing to sell the SA Company even if Chrome and PGM's were at record highs if I had already been shown that Zambia was a unit that delivered consistently and the cash flow a was positive and the earnings could be understood and the story didn't change every month and things were delivered on time and the expectation always changed and the original dumps purchsed were in the mix etc etc etc. You just can't argue with the above as this is all fact, I have not made anything up, if I could be bothered I would go back to all the reprts the interviews etc etc and point out what was sias what was promised and it hasn't been done. More importantly, you never know whare you stand with Leon as he hides most of the information so one can't make a thought through decision because you don't see all the cards. Whenit comes to understanding what is being said, how many people on here say,now there are more questions than answers, or the RNS was so badly written we don't understand . He is doing everything he can to protect his name rather than being honest and protecting the Shareholders. And on AIM you can get away with it