Member Info for edzi

I think the MM's didn't have the share under control this morning which is why it went up 7.5%

They now have it under control and I think some of the buys are showing up as sells.

Any comments on this and how you see this share running up to Xmas would be welcome

Dru

No one including me is saying that a takeover will happen this side of Xmas, however some people on here are saying that the management would not accept a takeover, or that everyone in the Company would leave because they are an R&D Company. Firstly, let's say IRH build up a similar stake to Slater which by the looks of the trading in the last 3 months would not be at all difficult. You then have someone there who would talk to the other Funds and if the price was right they would accept it. The board have no option but to sit down and talk to IRH. If the money was right they would accept it. As far as everyone walking out, that it utter rubbish, There are loads of service based Companies that have no IP that are bought and sold, Advertising agents, Accountants, Companies like Rentokil, Marketing Agents, I could go on for ever. At the end of the day IF it happens money talks, and everyone would be happy. But YES I would like to see the SP higher before it happens, however when someone bids they have to restate the figures regarding the worth of Sable/ Inyoni, and money they would or could make over the next few years.

Mikie

Firstly I is only my opinion, I have not been told or read anything.

I could be a million miles away but I try to join the dots and keep my feet on the ground at the same time.

I really don't want to spur myself on to get into imaginative scenarios, as it's very easy to.

As far as Slater is concerned, he has taken a punt like the rest of us but has more information than us,I was surprised when Seis mentioned that he had sold 9 million shares, and I suppose someone will say it's book keeping.

All Slate wants to do is make as much money as possible and he does not get emotionally involved in a share.

Secondly, with the amount of money that most of us has put into this share, it would hurt us all if it didn't perform.

It wouldn't hurt Slater other than his pride, so he really does not care as much as us because like it or lump it, the PI's are always emotionally involved because it's their money, It Slater does screw up it will not hurt nearly as much as you and me. I have said many times I have got far too many shares in JLP because of FOMO and I am ashamed to say greed.

I will always try to tell the truth as I see it, and that's how i see it. For example. Leon has been going on for about 4 years regarding banking facilities, well other than the revolving facility, where is it, why couldn't one be used for Monkoyo or last Xmas foe equipment etc etc. They may be on the cusp or real greatness but financially they also may be close to over trading if they are not careful. That may sound silly with a reported $19m in the bank but it is either really slow progress or getting money to expand quickly before they miss out or there is a black swan moment, and believe me there will be one and then all bets are off.

Mikei

I really like you but you seem to have no idea. They issued shares for M because they needed the cash at the time and the shares were higher, They just couldn't issue shares at this price as it would be suicide, they would have an explosion on, it was bad enough with Monkoyo. All this about Leon brought in to do a job is rubbish, ALL Ceo's ,CFO's, COO's ,MD's ,Chairmen etc etc are brought in to DO A JOB, Your making it up as you go along, you ALWAYS try and put a spin on things as you are an eternal optimist which in a way I admire, I wish I could be always that way.

Yet again we have a fantastic Company with a great future screwing themselves up . I have given my point to Courdelion about what I think, I may be wrong but I never try and make the hand fit the glove

Looking formoney

You are a very good ramper but I think you may be talking to yourself.

We all want the SP to go up, I know a few things about the Broker which seems interesting.

I may buy some more

coerdelion

are you really asking me that question?

please don't listen to me or anyone else on this board and make your own decisions.

i happen to think that a mixture of the number of shares sold in the last 2-3 months and more together with the fd leaving and the options make a ****tail of a bid at a price lower than they wanted which is why the options come into play. on top of that regarding neal reynolds, in most cases unless agreed beforehand if you are given options and you leave a company, then the options water away. why has he still got them? the bid may not be in the next 3 months as it would stink to high heaven, but i still think irh will buy them once they have proven the test case on the split deal. if they paid $750million dollars for jlp and made 100% of the profits on the split deal they are just about getting them for nothing. on top of this if they end up owning the same amount of shares as slater or even more in different accounts that will not be announced to the market as there arabs don't do that, then they get jlp for nothing

Mikie

First of all you say options now you say shares. They are NOT shares, they are OPTIONS.you may say that's a technicality but it's not. It still does not change the outcome of circulation. If they were shares then they would have to announce that there are more shares IN circulation. If Leon makes another $500 million then so what it means that we have made as well, Again I say it's the devious way they have done it. Why do people begrudge drivers of a business getting richer than us. If they are successful then so are we. It comes down to professional manners which they are very short of. They will say that they consulted whoever it was and it was an arms length Company decision. What suddenly dawned on you? When you are in a share especially on AIM, the directors look after themselves first, second and third. They don't really give a toss about PI's and they pay lip service to them as they have to. I am more surprised at Ollie to be honest, I assumed with naivety that he played with a straight bat, but legally and technically they haven't done anything wrong except P**s some of us off

Mikie

I am sorry if I am being blunt but that's the most stupid point you have evr made. Leon already has 32million options and you think giving him another 16 million or however many is going to make him work harder for the SP to go up.

Firstly, it's not his fault about the PGM price which is why the SP was at about 20p. Secondly, it's not his fault that a Fund is selling, (if that is a true statement). To be honest, it's not even so much of a problem that he and the other CEO's have more options, I don't really mind them being filthy rich as I am not working in the Company I'm just betting on the Company. I mind that they have been underhand in the way they have done it. The last point being if they were granted at 5p or 6p or 3p it doesn't change the amount of shares in circulation at the time of selling. This to me has been done because they know there is a bid coming at not the price they want end of!!

Seis

Totally agree at the end of the day that’s the bottom line

Dru-SA

Morning all, you are assuming that Slater did not know about this transaction, Being a major holder, I think he was spoken to about it before hand. If he was against it they would not of done it. I would love to be involved with a Shareholder movement regarding putting pressure on the Company regarding certain things but I fear they will not listen. I fully appreciate that you can only try but if it is done it should be for really important issues so the movement don't end up sounding like a union and be a pain in the rear.Everyone has their own agenda which is only reasonable to think but we Could end up arguing among ourselves deciding what is important and what isn't. It was mentioned that Shareholders would have needed to be advised about the options and approve it beforehand but I think you will find that if you go back to the voted approval last AGM it was approved so we can't complain. The problem I have is not the options but the way they have tried to hide it. I'm all for a shareholder movement but the poor head of it would be like a Golf Club Chairman, if he had 1000 members there would be 1001 opinions and he would end up saying enough is enough as happens all the time.

Shuvlin

I would like to ask you a question, in fact this is for everyone. Maybe I am naive but I always look for investments that excite me and I also take higher risks than most. I have lost with quite a few and I have won some as well. I have been asking myself, well if JLP is taken out what would I invest in. I am struggling to find a Company that tick as many boxes as JLP does on paper. I know one of the main things you look at is the management of any Company and what they are like and their history, as well as product/ marketplace/ competitors/ etc etc not forgetting financials. On paper this Company is brilliant, it's just that they always shoot themselves in the foot. For my sins, I am also in Rome resources as they are in Tin with a large drilling showing of Copper, their results so far have been very impressive and more are to come in the next 3 months. They also have a plan that they are to explorer only and then either sell on early in the year or do a J/V. Their next door neighbour being 10km away are already mining tin and they would be the obvious buyer.

I'm not pumping Rome by all this, I am just saying they have a clear plan and a quick one at that. I am really struggling to find exciting Companies to invest in who have a clear plan. So the reason for this post is if JLP are taken out which I believe they will be, where do I go from here. There is an awful lot of crap about which is much higher risk and most would call it a punt and I'm sure many on here feel the same and I am sure many feel the same.

DRU

I wish I could answer your question, at the end of the day,I'm sure that they have done nothing wrong and personally I think they have done this because we are going to be taken out, they know it and they have made sure they benefit from it.

I just want to know if Neal Reynolds keeps his options now he has left

If what Dorfan said is correct, that they have to get shareholder permission to grant options, then what they have done is in business terms illegal or fraud.I can't believe that they are so stupid as to do this. Secondly, does issuing options warrant an RNS as they seem to of tried to hide this transaction in all the small detail.

Hi Shuvlin

Have you contacted the Chairman , if not are you going to as I have am drafting an email at the moment and the more who do it the more leverage we can get

Do you believe that this SP will be 1p by Xmas

Sorry double post, has everyone got Oliie's email address

Hi All

One of the ways of dealing with this is sending an email to Ollie the Chairman

I have sent him emails in the past and had a video conference with him

It's quite easy to get his email. I am very cross with what is going on with the options, however if we are bought out at about 25p I think the feeling will subside a bit. The other thing to discuss is does Neal still have them as he is gone and normally once you leave especially after only being there you relinquish them

Hi All

One of the ways of dealing with this is sending an email to Ollie the Chairman

I have sent him emails in the past and had a video conference with him

It's quite easy to get his email. I am very cross with what is going on with the options, however if we are bought out at about 25p I think the feeling will subside a bit. The other thing to discuss is does Neal still have them as he is gone and normally once you leave especially after only being there 12 months or so you give them up

Viable

Believe it or not I have trekked the Drakensburg, I also stayed at a fantastic place where the rooms had tin roofs but the food was incredible and the wine cellar had the most amazing assortment of very expensive wine. It was beautiful but we had to leave urgently as my wife was kicked in the shin by a horse. She still has the scar today. It's a long drive to and from Durban. I think the SP is just getting onto the launch pad hopefully.

Mikie

I'm all for Jack Dorfan being the speaker,he can talk from strength and experience and he is in SA.

The only problem that we all have is they won't take a blind bit of notice.

Mikie, I was hoping that like every other year the AGM was in December, now it is in November I won't be able to buy you a drink as my daughter will be in hospital and I have to be available to be local which is just life but maybe we can meet another time if you are near London