Member Info for edzi

Hi All

I know many of you will not agree with me but the figures are the figures, but I am nearly at the last station on the line, Leon has perfected of selling the end of a rainbow and we never seem to get close. The costs of the business are getting higher and higher and although we all expected this I just hope it doesn't run away with itself. Others are unimpressed with what is being said and although the likes of some on here are great fans the only thing that I look at is the SP because that's all that matters to an investor and that talks volumes. As far as the costs of central is concerned the Directors earn a great living out of this and to me more should be done from the top as far as a voice is concerned to give more support. Now that Neal is off Leon will be the only port of call and I am tired of the same old crap

Hello All

There is a reason for Klauss becoming Chairman like I said in my last post. He is looking after his own interests and I bet there is an RNS hopefully tomorrow stating good results with the drilling. A price of 1p would be great by December however it certainly would need to travel well from here and maybe too much to ask. GLA

Well tomorrow we should have a clearer picture with what has happened and what is going to happen, when I say clearer remember we are talking about Leon, so we will probably be none the wiser asking more questions as normal.Let us hope for all of us that this ushers a new approach and a clear path for the SP so we can all be put out of our misery. Please remember that bids for a company are normally after clarity with the numbers. Right now I think we would all take 18-20p and that is generous.

Interesting development today with Klauss taking on the Chairmanship, something like this is done for a reason and he is a great negotiator. He also would not want to be involved in something that didn't fly.

One of the things that is not helping any Company on AIM is the truly wonderful Labour Party. One of the areas that they may be planning on in their budget that will change the AIM market or maybe even kill it stone dead is the Tax implications.

I'm sure that 75% of the people that voted for them are saying what the hell have I done

Hi Gray1

Hope you had a good holiday, the Sable upgrade apparently in the April RNS said that the upgrade will start in Q3.

Funny, I always thought it would be finished in Q3. Shows you how your mind plays games with you. Other than that we await next week with the figures and hope that the seller is done. I think that they are just about finished now looking at the volumes this week alone was more than 20 m sold, if you can believe the buys/sells which I doubt. The power supple was a good RNS and most people probably didn't understand how crucial that was as it's taken for granted in the UK.

Good Luck

Hi All

I'm calling it, I reckon this is the last day of heavy sells, There are big ones going through at the moment and we still have a few hours left. I hope that next week after the figures there could be a steady rise especially if Copper stays over 10k.

Thoughts please ?

Mornin all

I may be talking out of my derierre but this week it looks like about 20m shares have been sold, if not more. I hope that there was some type of agreement with JLP that the fund sell everything before the formal results. Let's hope so.

Kalan

I always enjoy reading your posts but saying that Chrome is not relevant to JLP is the most stupid thing you have said, and YES maybe Chrome has saved JLP in the last 12 months and if that's the case I commend Leon and Co for changing streams to be able to benefit from it. And to a certain extend it is great that they are using cash for expansion as look at Sylvania with all that cash and they don't know what to do with it. It's all very well that they pay a dividend but they are going nowhere.

Shuvlin

It's got to do with having a Contract !!

Gotreal

Do you want JLP to send you a copy of the contract, there are loads of things in it that we will never know, If you remember Jubilee had a Contract with BHP in Australia and they didn't go ahead and JLP still technically have an interest in the site because of it

Frog

Looking at the situation I think that like other major contracts there are stages that you go through that if successful allow you to go to the next stage, so a factual signature may not be needed. There are loads of caviats written into contracts that we will never know about. It's like when an airline orders new aircraft, they sign the main contract but it still can be stopped/broken/ put on hold, etc etc. there are penalties, pre penalties, etc etc. For instance, the news on the power situation has been resolved is probably pretty uninteresting to investors who just want the SP to go up not everyone realises how important it is to things like contracts. I still say that it is not 100% clear regarding the payments and cash flow situation when it comes to ordering all the heavy material. The machinery may go into the SPV but I bet you that in the event of something it is still owned by JLP. If not the lawyers have done a pretty bad job of protecting the interests of JLP

Gotreal

What are you talking about, if you had ever done something like this where ownership is vitally important, you would maybe understand, But as I said I'm sure that it should have been covered.

Hi Jonah

You may be right, however it is a case of technical ownership, if IRH pay directly for the equipment then technically they

may own it. If the equipment on the IRH deal is purely in the ring fenced project then IRH own part of the equipment .

I would have thought that JLP would need to make sure that their equipment and the process is always theirs to own so no one else get's hold of it. I know all of it is off the shelf as such but the must protect their own interest.

ElProfessor

I don't thni there is any misunderstanding regarding IRH financing the project however, it's the way that it is done which has not been clearly stated.I think everyone is thinking that they will put the money up and then off we go. BUT the mechanics of the operation I would have thought would remain the sole property of JLP so JLP would have to buy the equipment under their name and then put it to work on the ring fenced project to make sure that the equipment and rights regarding that equipment is theirs. So although IRH are indeed financing it JLP will probably have to put up the money first and get it back once it is up and running and proven. This means that the equipment stays on JLP balance sheet etc etc. I have seen this many times before, in some instances it has not always been good news for the Company but I am more than sure that this is covered by some agreement regarding stage payments maybe or certain gates that JLP have to go through to get a tranche of money. It is important that the equipment and process remain JLP's property and no other Company or person can touch it

Seis

What is the matter with you, if he says he’s sold he’s sold and if he has why does that bother you so much. From someone who I have always thought rational you’ve just blown it

Northern

If Chrome/PGM have spent the last year being separated then if you float it any money would be kept in that Company.

If you wanted to raise money for Copper then float the Copper business as a separate entity, which makes much more sense

Mikie

Who said anything about selling anything, They could float off either the Chrome/PGM's or the Copper

Mornin All

I have been thinking about the recent RNS,just for conversation I would like to put my two pence in.

The reasons for Chrome/PGM's being split from Copper or countries is interesting but I do not know what advantage it would make if JLP remains a stand alone business, so anyone's thoughts on this would be appreciated.

This new guy coming on board is interesting as if a Bank has agreed to help finance tthe growth of Copper and accepting that JLP Zambia is a fledgling business then they would want someone on board who would be able to protect their interest etc etc. Neal leaving is a double edged sword, maybe the Bank want their own FD in? The work that has gone on in the background making the S.A side and the Zambian side separate siloh's is something that any Company would do as there are so many differences including Tax etc etc. The other thing is that this guy would also be a good Chairman as he has probably more credentials than Ollie. There have been lots of unpleasant things going on with the SP for ages and hopefully once the figures are out then there should be some clarity with what is going on. I remember Leon saying certain decisions were going to be made in October regarding things like Chambisi so maybe all the pieces are being put in place. I also would not be surprised to see IRH in the mix as well because they didn't manage to get hold of Vendata's assets so maybe they are taking a different route because if the JLP processes work with all the different types of heaps the money to be made is astonishing.

Lookingformoney

It sure did jump, but the wrong way