Member Info for edzi

Go over to the ADVFN board and read what Tom Higginson has said about cash flow, I think he is an accountant and what he said is very interesting and shows how much smoke has been blown up our rear ends from Leon over the years

A few points.

Firstly, SEIS, why do you say that you don't believe a word I say just because we disagree on what is said on a podcast?

I mentioned it when it happened and people on here said they heard it as well, Try to be a bit open.

Shuvlin: It looks like you are the last man standing when it comes to JLP, I can't understand that back in Jan/Feb Leon was stating how wonderful it is that

Thste now has anothe 2 units and he has been banging on about the % feedstock that will be our,60% I think he stated and how important it was that SA was now a mature business and that there was years of PGM stock etc etc. Now he is stating something different, because he wants to make the hand fit the glove. Whether we know the financial deal or not and the small print in it, the question remains do we get rid of a mature business throwing off cashflow with years worth of PGM's for a sum that is going to be financed by the cashflow of the business that the new Company is buyinng.

Can I also ask what the message that Leon has staed means as a reflection on SLP and Tharrisa, who's SP are recovering. If their SP is recovering from the uplift in Chrome and PGM's why isn't ours? Again Leon I think is not telling the truth and is to be mistrusted. One more thing, when this goes through and we are just a Copper Company getting our money over 3 years, all that has to happen is one thing going wrong and the cash flow will be hammered. The risk to the business has just gone through the roof.

Then listen to the proactive investor podcast some months ago where he was asked the question and couldn't answer.

I know that I am now 70 years old and wear hearing aids but I listened to it about 3-4 times and that is what was said.

If I am wrong I will happily hold my hands up but it was at the time where we didn't know about whether the IRH deal was

going to happen and I stated at the time what was said. In any event what are your thoughts regarding my post

Right

I'm going to throw you a curve ball. They are disposing of the Chrome and PGM's because someone is going to buy the Copper

business and doesn't want the Chrome. This is a possibility as the deal to sell the Chrome when we have no proven production at a decent

amount is to me so stupid that you couldn't make it up. This may be driven by Slater and his man as he is so fed up with everything. Then we

must revisit the missing 300 million shares that Leon says he can't identify whose hands they are in

Hi All

To meafter having most of the day to post and think about it, it seems that the Company were in a corner.If they can get someone to buy the SA outfit for $90m

then they could have gone to a bank and put up the SA units as collateral to get a loan at a decent rate and invested that into the business after showing the Bank the latest test trials. It seems that this really is a Fire Sale and if anyone thinks that the Non exec Directors would vote against it or the new Chairman or dolly face who does the woke crap then they are stupid as they want the wages. To be honest I doubt if Dolly face or the Chairman understand it anyway.

As you can see the SP closed at 2.56% up so I really don't think the market took it as neutral because there were so many more sells than buys. I wonder what is going to happen tomorrow

Maybe I'm expecting too much but there have been3 timesthe amount of buys than sells.

The price is upless than 2%. I presume when the market shuts we will see a large sell trade

Shuvlin

Please accept and understand we are NOT trying to knock the price to get in lower, I don't want to get in,

The Company is doing a perfectly good enough job at lowering the SP, they don't need extra help, they seem to of perfected a way of doing

it all on their own. Now, if they could perfect the way of producing Copper or selling assetts in the way that they have perfected trashing the SP

then you may have a good business model.

Shuvlin

I presume your post was directed at me, you siad, "did I say that, I don't think so" Did you say what?

I mean if your going to pull me up on English and it's use, please be consistent. Let me know what you are talking about, which to be honest in you

latest posts becomes more and more difficult as they don't make sense, ie) not agreeing to the number of shares bought and sold etc

Many Thanks

Shuvlin

I really do wish you well, I know in the past I have been quite rude to you to which I apologise, but I have to admit now reading you

posts I really feel that you are not quite sure how things work in the business world, no offence, but you just don't seem to understand

I I feel a bit sorry for you. I wish you good luck and I hope you make a million but it won't be on this share I promise.

seis

i really really respect you and what you do for this board, you talk facts and show figures and you are a really startightforward guy.

i say this with total honesty, i will not be here,i have found other shares to go into which in my mind will do very well in a short space of time.

the only thing jlp has done is to show me that i need to know when to get out, also not to be greedy, not to believe any hype and look at the management a lot close than i did in the past. my gut some years ago told me not to trust leon, this was when i was having emails exchanged with him regarding cheetah.

i showed him the notes from the courts and he totally turned the outcome on it's head saying it was good for jlp. i shared this with a certain person who frequents this board. i knew then that he was not to be trusted but i ignored my own feelings thinking that all would come good. the road ahead for jlp if nothing bad happens will be very long and painful and the sp will not get to double figures for a number of years if at all. i am not prepared to wait until then when better opportunities are in the market. by the way platinum is up over 5%. they say timing is everything, something leon doe not understand. he will do anything to save face, selling the best bit of the business for nothing, which is what he ahs done is disgraceful but he has no option s now as he has ****ed up everything.

Gotreal

Do you realise what you have just stated, and you think it's a good deal!!

I can't believe why anyone on here should think that this is even a reasonable deal for JLP.

If it was such a good deal then the SP would certainly be a lot higher than it is now. There have been over 3 times more sold than bought.

The market doesn't lie. Just to let you know, I put loads of people into this share some years ago as I was as convinced as Gotreal Shuvlin and the chief Rabbi that this Company was going to be fantastic. I have been in this share for over 10 years and when it was 21p I was as normal greedy because people I know in the city told me that this was going to £1. I didn't even take some profit as I was so convinced. My forst 3 million was at 3.3p and then I bought going up. I only have myself to blame but I was so coloured by events and what people told me I thought my fortune was made. So Gotreal and Shuvlin, I was like the both of you however reality sunk in, it took too much time to do this, it is taking both of you a little longer than me. This Company is a disaster, soon it will be near 4 billion shares and probably over1 billion have been created which have been a complete waste of money. I am now down to 1 million shares,

I will still comment on what I think as I still have skin in the game . I probably will sell all soon but this is a dog of a Company and only luck will change it, certainly it will not be changed by the skillsets of the CEO. Now you know why Ollie, who was useless walked!!

Shareswotter

No It was Gordon Brown when he sold all the UK Gold

Let us turn it on it's head. If we were buying this we would think it a brilliant deal

hi all

different views make a market, that's great. some investors are realists, some are pessimists, others are total optimists. you have to judge a deal or a company by past performances and competitors. it was interesting that spmeone said that sylvania has gone up considerably this year, i have just checked and since april they have gone up about 30%. so that is a rule of thumb that one could use. what has happenned to jlp since april when we were or are a diversified metals company. then we move to zambia which has been in anyones book an almighty 6 year **** up financially. so what some would think is that today you have sold the steady engine room and put all of your money (which you don't get in one go) on zambia. to me that makes the business model even more risky than it was before as we all thought and know that whatever happens we have a cash flow side of the business that will prop us up if and when needed. regarding the price that they are selling for, well 2 new units for chrome have just started producing which cost about $6m each so that is $12million. inyoni net assetts, well, i have not look into the latest book price in the last set of yearly figures but i would assume they are valued at about $50m, please don't quote me. then you have the stock of pgm's which leon has said is years and years worth, then you have the cash flow and the yearly profits that sa is creating. better people than me can look at this as accountants can always make figures meet and work.

again, to me, this is a terrible deal, not getting value from a mature assett that throws off cash, if this was not the case then why is slp going up 30% since april. you put all your eggs in one basket, a basket which is still not meeting the standards that the company has tried to set for 6 years, as everyone consistently says that there will still be bumps in the road. you are also limited to the timeline of cash that you are getting. basically the new owner of the sa business is buying the business mostly out of the cashflow that thebusiness creates. what about the value of the ip that sa have, it that is worth nothing then zambia ip is also worth nothing. i could go on and on about the real situation. the company is throwing the last dice on a system that is not proven and selling the baby with the bath water

Honey

I couldn’t have written it better if I tried awful deal and the last throw of the dice. It also shows that they can’t get leverage on assets and no one wants to partner

Look at the SP everyone it shows in the selling

Hi LFM

It's good to know that someone has trodden the same path as me. I was quite heavily invested in PFP, so much so that I frequently spoke to Peter Taylor and met him for lunch about 4-5 times. To be honest I was invited onto the board as a non exec but declined. General Vleoso was a real piece of work and I could tell you about all sorts over drinks but not on here. However all is now water under the bridge and although Peter Taylor didn't want to do the deal with Rome it eventually got done and it is like a breath of fresh air dealing with a team who say they are going to do things and then carry it out. I too feel very optimistic about what is going to happen, the tone of voice from Klaus and the COO regarding "mother load" is very encouraging and he knew exactly what he was saying when he said that, either that or he is a fool. I hope your right about an RNS in the morning as I maybe as invested here as you are now.

Regards

Hi Bugzy

See what you have made me do !! I read too much on here and it's catching!!

Just thinking, not that they are in a rush but that may be one of the reasons why they are now giving a resource update at the end of June.

If it is in fact true that although Alphamin are doing more exploration that they only have 7 years of mine life, then you would think that IRH would only

buy them know that they can get hold of Rome's exploration, and if the news comes out that the Tin is open at strike both ends then there should be a lot more quantity there. I'm surprised that knowing this information that our SP has not gone up, It also looks like all the sells are being swallowed up buy a willing purchaser as the SP has not dropped, I wonder who that might be.

AIM 2025

Good find, LFM you took the words out of my mouth !! Getting exciting !!

Hi LFM

Yes you are right, this is a free chat board and yes people can say what they want on this board. and Yes people can express their hopes. All Agreed, but to hear it day after day gets a bit boring. I am on other Boards and look at other boards and it is refreshing when you go on and get some tangible comments that helps paint a picture. If I joined in a said this that and the other, it may make me feel good and may make othets feel good but it doesn't really add anything.