Member Info for edzi

Sinitta

It's called politics and hope,It's going to be, well I've tried my best and it didn't happen and by the way your shafted because it's going to go !!!!!

Hi All

Gold Investor is 100% correct. The Company owes £11 million and it's HOPES to produce 1000 ounces in 6 months.

They are bust and they are going to go under and they will be taken private because no one will invest.

Most people on here can't read or understand a balance sheet. Why did they have so much trouble with their accountants signing off. It is so interesting to see the herd move forward with no idea with what is going on.

Say goodbye to your money

Hi All

I have been a holder here for quite a few years and I really can't believe the herd mentality. Let me firstly say I sold half before the announcement, and I wish and hope the Company does well BUT a dose of reality is needed. They owe over £11 million pounds and they have costs ongoing. They HOPE to produce 1000 ounces a month and if they are very lucky they might make $1500-$2000 dollars per ounce. It is still a sinking ship and people think that it is going to come through. I am not so sure as if you work it out, Emma and Co are not being paid , bills are not being paid costs are going up and unless someone put a large dose of money in this won't survive

Mornin Seis

Yes I agree with what you have posted. I didn't make myself clear to which I apologise, I thought this before the research note came out, and listening to podcasts, especially the Sunday roast, they alluded to it several times to which Leon didn't disagree. That is why I mentioned believing your own propaganda to which I am as guilty as everyone else.

I agree that if Roan works, to which I think it will then all will fall into line but then we have the problem of getting the equipment which is also a worry. These are all the things that have held back the price including being kept in the dark which we have to accept as Leon can't tell us everything but when he does tell us things there are so many pieces missing once digested that we keep on staying on the same roundabout. However, if someone said that to me I would tell them to sell their shares but I won't.

It's very interesting that Berenberg gave a SP price of 10p in February this year and CG have just given the same price today.Then everyone is saying it's rubbish. I would like to also think it's rubbish but this is the price that 2 Companies give so I think that they know more than us. It is extremely disappointing that the Company is at this level and I wonder if the pricing includes the Copper start up. I fear that everyone on the boards believe their own propaganda in the hope that something will happen to boost the price. I also think that a lot of people are going to be disappointed with the amount of Copper we are going to produce this year. I was hoping 25k would be done and that would be oxide now I really don't have a clue and I am fearing that the same old delays are going to happen. I truly hope I am wrong

Hi All

If the share issue has gone up 25%, our asset base has also increased, I am hoping that the amount of Copper and Chrome realised in the next 12-18 months will more than offset any negativity there is in the amount of shares in issue. There is also the point that over the next 12-18 months the value of PGM's will increase so you will have a portfolio of metals doing well.

Mornin All

There is a realistic article in Master Investor about JLP. In a nutshell, it says that 9p is the equivalent price of when we were 21p because of the number of shares now in issue. I am not sure if I agree with this but it is interesting on how people reflect the Company. It also states that in a nutshell, that the timelines of delivery has affected the SP which is obvious but people are worried that the same thing will happen to Sable. However it does accept that we are now on a platform for good growth and should tuck the shares certificates in the top drawer. Realistic to me, at least they didn't say tuck them in the bottom drawer

Seis

I stand corrected, must be the Vodka!!

Hi All

If you read the latest RNS and assuming my eyes are correct, the new aquisitions have 3-4% Copper per ton.

One of these aquisitions has already had stock going to Roan. These are the 2 things I am looking at.

If these grades are correct then we will be producing about double Copper per ton as the other grades in other areas were about 1.5% per ton. So as a layman I am saying that because of this the target of 6000 tons per annum from Roan should be easier to achieve assuming that it is Oxide and even if it's sulphide we get more money so the figures should be better than we hoped. We then have to ask ourselves if Sable will be able to produce 12000 tons in the new F/Y which to me is possible if better grades from Monkoyo are found. So with all that with what we have at the moment we should be able to reach about 15-18 thousand tons this F/Y and that is without new units which should come on stream this F/Y and add value. I hope I am understood so my comments can be discussed.

Hi Seis

I'm sorry I meant 3-4% from the 2 new aquisitions, the figures are in the RNS

Hi All

Would somebody please be kind enough to educate me.I have re-read the latest RNS and although it has been discussed

my thoughts are that because of the amount of Copper to Roan being 4-5% per ton then Roan should be producing a lot more Copper than we thought because of the grades, Am I correct ? this is regarding the Ne F/Y targets

Many Thanks

Mikesunday

Hi mate, sorry to go on but you still don't get it. I agree with your last post but the caveat is IF THEY CAN GET THE UNITS !!

ON TIME ON BUDGET WITH THE GRADES THAT WE WERE TOLD PLUS OR MINUS 10%

Your thesis is you want to call it that is great but it might take 2 years to get there when everyone thinks it will be this F/Y

That's what you keep on ignoring, good companies do things ON TIME and ON Budget. There budgets have always been good calls there timings have always been DISASTERS !! That fundermental problem has and will KILL THE SP

Gray1 Mikie & Shuvlin

I can't understand why Shuvlin is saying moaning about history, you invest in a Company because of its future as well as looking at it's history. To me 6-9 months isn't really history, it's that timespan that has put us in the position we are in today. Mikie, for all your positive talk about the money to raise for the units is not the point, it's how do they get them on a timescale that will help this years figures that is the important thing. If Leon stated that they have managed to find a way to get units in a more manageable way and gave an honest assessment on timelines and said this is subject to Customs, I think then people would accept it or take a position on it, maybe they are still working on it but we had a RNS in April I think saying that it will be done by end of May and running up into June and then we get an RNS saying we have it at the end of June so it will ramp up in July. Now Mikie if you think that's OK when good for you but I don't because you should keep your shareholders aware of important issues like the unit as it's a game changer. I wrote a post yesterday saying that Chrome and Copper should produce around$100 million in 24/25, if that is out by 30% when the interviews allude to Leon agreeing with that then we are being far too optimistic with out thoughts which is why we all await this new F/Y guidance. If you can't get the units then the guidance is up the swanny.

Mikie

The other point of view is that most people on here who are private investors have been here a few years because the saw the vision of the plan for JLP and thought it a great idea especially because of the ESG point regarding the state of the planet. We also acknowledged the ground breaking way they extract the metals and probably can't understand why the whole market doesn't look at it the way we do, so in some respects we were brave to put money into a Company that could have gone either way. So the vision is there but the journey is still unknown

Hi Mikie

I must admit feeling the same way about the atmosphere around the SP and Company. If you look at the situation through realistic eyes, the situation is that the last RNS shrouded the problem of the electronic unit. The unit didn't turn up in may and it is still not running, however we now seem to have it. The purchase of 2 new mining contracts was expected anyway. The Comms are atrocious and the trust even if it's not JLP's fault have evaporated so everyone including me is expecting another screw up. I just wish I could get their attention and help them, not through the want of trying. The point is that being an engineer, Leon is so used to this happening in the industry that he is not bothered, which may be the case, but as a private investor we are very impatient to see the SP go up because it's our own money and we all rely on the Company doing well so we can all relax and feel comfortable. The herd including me are insecure and need reassuring that the $100m is attainable and will be done. In one way I'm frustrated and some what angry, in another way I acknowledge that things don't go in a straight line. I just want the Companies that I am investing in to not deviate from that straight line because as an investor that doesn't know or understand the day to day problems of a business that I have invested in which is in another Country and is in an industry that is ground breaking I live in more hope than facts

Gray1

Regarding your last post, you are saying that JLP would make roughly $45 million on Chrome.

If that is correct which equates to roughly what I thought and they manage 20k of copper @ a nett

of $2500 per ton we could make $100 million if you include PGM's.

And if I am correct we are stuck at 7p

Am I missing something???

Hi Jack

You are so right regarding trust, it's just gone and will be very difficult to get back. I really don't think anything will happen with the SP until JLP prove that the process works, and even then they need to stimulate the market with firm guidance which is nearly impossible if they can't get hold of the electrical components

Hi Seis

Thanks for your response. I must admit that I don't believe that a 6 month wait for customs is, I think it's part of the problem, s I said I hope the procurement department get their act together as the next batch could be a long time coming and you are correct about how to ship it in, even chartering a private aircraft for 2-3 of them would be a good idea.

Mornin all

Seis, I posted last week about the modules, Leon can give whatever timeline he chooses because he is not responsible for the electronic build and delivery. That's the problem, they can build the main stuff quite easily as they seem to of bought forward which was the reason for the money raise. However the electronic unit has been over 6 months late.

Leon has mentioned a few times sourcing locally but no one is sure what the component is or whether they can be sourced in Africa. The other long term problem is Taiwan, if that happens you won't be able to buy an electric tooth brush let alone anything else. I hope that the procurement department have earned their money over the last 6 months.

Leon always promises to deliver and lets himself down.

Hi Gotreal

Thanks for that post, but so I understand , when you say contained copper then the difference between sulphide and oxide then the price will be the same as selling oxide as I thought oxide was cheaper because it hasn’t been refined