Member Info for edzi

Sorry, my last post was not clear enough, I am assuming like everything else, the market wants to see that the upgrade works as well even if in engineering terms it may be quite standard.

Hi Gotreal/shuvlin

Firstly, I more than anyone else would love them to do 25k of Copper but as you said Gotreal, they haven't got the volume of material yet to get to that volume, secondly, they may not have the processing capability to do it, I know that they may have 13k capability so they say . I hope that now the power supply is sorted which the market seems to ignore as to me it is probably the most important bit of news in Zambia this year, they may get to do 10k plus this year as all systems are now on 24hr 7days a week when they were probably only running at 40-50% capacity beforehand.

Lookingformoney

I am invested in Rome, not as many as you but still quite a few, why are you so sure that this will go to where you think price wise, If it went to1p or 1.5p it would be good but I would like your background on why rather than gut feeling

Many Thanks

Shuvlin

At the end of the day, it doesn't matter if we can't differentiate between buys or sells,the price is the price and it's down right awful. It seems Leon didn't want to dwell on this if I heard correctly, he is saying to us once we show we can deliver the price will reflect this.However if Sable is going to take 10 months or more to upgrade then we will have to wait a long time. The good part is that he confirm that there will be more cathode than Sulphide, again if I heard correctly. This should help the bottom line. Regarding volume, Maybe there is still a Fund offloading but you can understand if PI's want to leave, not because the future isn't bright but they think they can get a better short term reward elsewhere, maybe they can. I think above all this we should more than worry about the global outlook, China has a huge problem and this may reflect on Chrome/Copper prices

Hi All

Very frustrating for me as I have tinnitus and wear hearing aids and find it difficult to understand because of the sound and the accent. From what I heard there was nothing new but just to focus on delivery.That is the most important thing and we won't get to 25k of Copper until Sable is finished which if on time will be the start of the new F/Y. However I think we should beat forecast on both Chrome and Copper. I wanted to hear about their comment on using the plants to secure finance but just couldn't understand it because of hearing problems so can someone please let me know what they said. Many Thanks

Seis

You are probably correct but like I said earlier, people are just fed up and throwing the towel in, on top of that moners today have taken a beating because of worries about the global economy, I only found that out literally two seconds ago whilst reading the Telegraph headlines. It should stop soon PG and then there may be a level playing feild. It is also interesting to see that nearing the bell for the last few days someone dumps about a million shares with a UT.

At this rate when you consider that every sell has a buy someone may be building up a nice stake in the Company I wouldn't mind betting that it is our friends in IRH. Eventually they will take us out

seis

thank you for that information, whoever it is there are unfortunately many others that seem to be throwing the towel in probably just at the wrong time. after listening to ricus and the other guy at sable there is much more clarity on what is going on and really this should have been spoken about quite a long time ago so most of us who don't really understand the complex situation would appreciate much more, even building lodges came as a surprise to me and i'm sure that there are more one off's that are in the figures and will be moving forward. i also think as i stated last week that probably most of us didn't appreciate the power situation as well so seeing as sable and roan were running at probably about 50% capacity so you can understand why they left the copper target where it was. communicating these things would have given investors so much more understanding and confidence in the company and you can see that when ricus and others talk they let you know much more of what is going on. i have always said that leon is a control freak, six years ago when we met he accepted that situation and this is why information has been so sp****. let us hope we are near the bottom and the share price get's some wind behind it.i could help with that as the situation is making me and others very nervous

hi all

i have always used jcb plc as a weather **** for looking at the state of the world economy, if you research them they are always one of the first to be able to call what is going on globally. they made 2000 people redundant yesterday, obviously, this will take time to trickle through but economically things are not looking too good especially in the far east. if copper stays around $9500 a for the next 12 months i think we should be delighted as storms are coming.

regarding the sp, i hope leon does not ignore what i consider to be the main question that people have asked.

yes we are in a great space and the future looks great, i do however know abut 5 people in the last few weeks who have either sold or partially sold as they are fed up with leon and the delays

,

Just listened to the podcast and I must accept that this has given me much more clarity on what is going on.

Just one thing for instance: Because of the power problem they have been operating on something like 50% capacity.

Also I am assuming that there are also a lot of one off costs going on like building lodges, roads, etc etc and this is maybe one of the reasons for higher costs. There is an awful lot of information in the podcast which sheds light and understanding that I wish we all knew some months ago. It would of made the journey more understandable as you now now more of how they are building up to get the job done. Munkoyo is a for instance of maybe being a giant, especially for JLP as they are getting the best out while keeping the smaller stuff to refine, makes so much more sense now

Now we all now why the Company didn’t give proper figures in the quarterly results as costs and overheads have gone through the roof more smoke and mirrors

Sumo

I agree with you but they kept on saying it and Leon didn't disagree

If all we do is 15-20k of Copper in 2026/7 I think people may walk away. Leon has been promising 25k of Copper for god knows how long, even The Sunday roast said that he should have $150m FCF next year

Marine

I'd still like to know who drew the graph, was it you or someone else?

Marine

I am presuming that you drew the end f the chart,well someone did. We can l draw lines on a chart doesn’t mean that it will happen. It might go a lot higher or stay where it is now who knows

It really is about time that all the Bulls on here take an honest factual assessment regarding what is going on and admit that there are certain problems that need sorting out. A shareholders team to deal with the Company sounds good but they will blank all the noise

Hi All

Maybe I'm wrong and I'm not an accountant but I was surprised by the big rise in costs, obviously, this happens with all companies but is it possible that because Neal is leaving they threw the kitchen sink in with the figures to get all the bad stuff out so they can move forward. It is normal that when a new CEO or FCO leave the new one paints a bad picture so they can start with a clean sheet. At the end of the day we know that all Companies use smoke and mirrors when reporting. This is maybe why Seis can't balance some things out.

On another note, the only way the is going to go north is if the first quarters figures show improvement as this will relax the market because as you can see, although the future looks good, (if we can live that long) people are very unimpressed, with or without a seller

Seis

If you think that I am trying to talk the price of the share down your a congenital idiot

However it’s doing a perfectly good enough job on its own

LUFC

To be honest, it'snot really got anything to do with the peak of the SP 3 years ago as JLP can't do anything about the price of PGM's. It's got to do with the way they make promises that they can't or don't keep and that is why people sell. I must know around 15-20 people who are holding or who have held and they all say the same thing, it's not just me.

I am annoyed with myself as it is for not selling when they were about 18p or so but I was greedy. You have to ask yourself why a Company with all those Copper assets and their possible future the sells are much more than the buys, even if there is a seller which seems to of slightly curtailed. The market supposedly looks ahead, I look forward to the fist quarters figures and let's see the reaction. If the Company was brilliant anf trusted and making the noises that are being made there would be 3 times the buys than the sells not the other way around even with a seller FACT. We now have to wait another 12 months to see what happens.

Thank you LUFC 1111

Unfortunately whenever Seis get's into a situation where he can't answer what I consider to be an honest post he turns his back and says sell. He seems to be very intelligent and his research and posts are very good regarding looking at a certain situation and this helps everyone including me but when he looks at what most consider the truth he can't respond as he doesn't want to hear what he considers negative comment. It's not negative it's honest and the SP bares the truth. He is some what myopic with his comments. So the only thing I can say is like a lot on here, as long as you agree with their posts they will be happy. If you hold a mirror up and tell honest facts they just can't hack it.

What a shame that they can't be honest and respond accordingly with pragmatic rudimentary comments other than being rude.

Seis

That's a very good question, I am here with my shares like others, I am here to make money, as much as possible.

I take stock of my holdings very often and I take a pragmatic view of the situation. I am only really interested in the SP as that is my measuring stick regarding my own position and the position of my investment. I think most people do the same as a baseline of their investments. On top of that I put sentiment as well as the words stated by the management.

I as you know have been very nervous of what is going on for some time as the sentiment is negative this takes into account everything that I research and read and believe, but not the gossip. I also think about the words that are stated in official news and podcasts. There have been faults and delays as we all know and I believe that these delays went towards putting the Company in an uncomfortable position. I also believe that Leon has been stating that the next 2 years will bring the required expectations, the only problem that it is always 2 years which probably started nearly 2 years ago. So to me we seem to be chasing the end of a rainbow. So 2 years ago I said to myself well in 2 years time we should be in a much healthier position to what we are now (I mean 2022) we are now in 2024 nearing 2025 and the situations although some what improved as far as assets re equipment Sable, Inyoni Thuste Monkoyo Roan project G etc etc etc the SP is well below where it was 2 years ago or one year ago. Seeing as I am only interested in MY wealth and not others, I think I have every right to suggest that we are looking at the end of a rainbow even if the figures are what we thought. But even you are not quite sure of how we got to the figures. Some people are fixated on money in the bank which of course matters but when the Company is expanding as fast as JLP are concerned that to me is secondary although the last thing you want is to run out of money. But the market are not at all impressed with the assets, the future Roan Sable Chrome Copper IRH, monkoyo etc etc. I ask myself why. If the furure was looking so good as we are told by saying in ANOTHER 2 years Copper will be producing over $150 million, well to a certain extent we were told the same some time ago, i fact I remember a podcast well over a year ago where similar (not exact) figures were talked about by Leon. The SP is the SP and no one is interested in the film TOMORROW NEVER COMES unless you are James Bond.

and I'm not