Member Info for edzi

Gray1

Hi, I'm trying my best to be quite conservative with my numbers to tell you the truth.

Of course everything stands on the price of metals but if you believe what is being written, not only on Copper but on PGM's then the figures could be better. I am also trusting that the Chrome price will be roughly where it is now, however next year JLP should be producing much more chrome that will produce a better bottom line. It is interesting to hear that the Copper Oxide get's a premium price and I have no idea how much sulphide can be produced. I am also keen to hear what is going on with JLP and Gronovska, as that will not only create a new revenue stream but it will show the market that we can produce in an area that others struggle with. Keep the posts going it's always interesting to have a good conversation Regards

It's just typical of Emma to be late!! I knew she would do this last week but I didn't want to post.

heroric

i don't know what your stressing about, although our copper production is very low, we are producing. so saying we're not producing is going to get you some flak as your statement is not true. we also are at the tipping point of producing and copper if you believe goldman and others is going to go from strength to strength. it is apparently over 10k now and going higher so we or rather jlp through loads of **** ups have timed it perfectly. if in the next f/y we produce 10k of oxide copper on our own and 6k of copper with irh on top of chrome and pgm's together with sulphide copper.

you are talking about a gross profit well over $100m. then the following year you could double that. if you look at that scenario then jlp would be worth over 30p per share if it was sold. is this the reason why they have got a new broker ?

or is it because of chambisi? why would they need a new broker for chambisi? or is it a full float which should or would be very sensible.

Looking for money

I have no idea why they have reduced the amount that is going to be paid to Rome but it does mean less shares which is a good thing. I am also quite sure that they want to wait until they have the drilling results before they re-list.

Firstly, to make sure it's a good idea to do the reversal and secondly, if it is good news and similar to the mine a few miles away they will create more interest in the share. Anyway, that's my theory, doesn't mean I'm right. GLA

Milieu

How are you?

I don’t know how we got onto talking about share consolidation but the process of eps or calculating EPS has nothing to do with share consolidation so what you saying is correct but what’s it got to do with calculating EPS with a company not paying dividends

Gotreal

I’ve got a great idea. I’m going to not reply to your posts anymore because I’m not practicing what I preach. Your not worth dealing with I wish you well in the future

Gotreal

Fine if you want to believe it. I can show you videos of established American financiers stating 2/3 years ago that gold would go to $10000 dollars an ounce because of what they consider plausible reasons. . We are till waiting. By the way I think you feel that I would not want it to happen.

Apologise Mike my IPad must be a woman because it’s being very temperamental with its spelling

Milieu

Good evening, where have. Spoken about share consolidation?

Your statement is correct but obvious. But EPS is a different conversation and before I posted I again read up on it to make sure of my facts. Please read my original post. Another topic regarding share buy backs that has been written by various top brokers is that they very rarely work.

That's the silliest answer I have heard.

If chrome goes to $550 and PGM's go to a basket price of $10,000 dollars it will take even less time.

I do think Copper will get to $12000 eventually, but when you hear these Sultans of the market preach that XYZ will maybe go to ZXY they are talking up their own book and are very rarely correct, it's just noise. Even Golman aren't preaching that price

Shulvin

I hope you had a good a Pesach, the mount of shares DO matter as I posted in my first email today.

Gotreal that would have to be £250 million after Tax amortisation etc etc. Again I hope your correct, I even hope your correct if we get to half of the 60p. It's funny that there are always more than 2 types of people pessimists, optimists

and realists. You have Mikie and Gotreal in one corner, you have Lenard Cohen in the other with Suzanne in the pessimist corner and then you have Gray1,Dorfan Frokid and the wonderful MOI in the other

Gray1

Fully agree with you, when you consider that we were 22p admittedly in a better market, as the Palladium price and some other metals were very high, in a way we have replaced this type of profit with Chrome and then the Copper goes on top.

I think that although there are many more costs and greater control functions etc etc they should consider going onto the main market when they feel the time is right, mainly because the AIM market is so bad and having a near death experience. This will create a greater market for our shares . My hope is that because of the above calculations we will return to our highs of 22p sooner rather than later

Hi Gray1 and others including Gotreal

I assume like me,I have been do my workings regarding profits on Copper for Sable and everything else not included with the IRH deal at about $4000 per ton.

If it is now about $6000 or less the erosion on profits on my workings is about 25-30%.

So referring to the graph that Gotreal showed us all it will be even more difficult to achieve the profits to

get to £1.20 unless there is a sizable bid when we are producing over 50,000 tonnes per annum excluding IRH

as we get a 30% free carry plus management which I agree is substantial but it still changes the numbers

Thanks Gray1

Regards

Gray1

Thank you for your post, I am happy to be corrected but the cost of $4000-$3800 was a costs that was referred to Sable

before IRH ever came into the picture. Please someone tell me I am right or wrong

Regards

On a slightly different point

I see that there are a lot of questions regarding sites, how much is there, where they are, where they are going to

process, etc etc.. I'm sure that the artisan mines were not in the equation when they announced the IRH deal.

I am also sure that the Company has not yet made it's mind up regarding where things are going to happen because I'm sure there are various deals they are looking at and the whole Zambian business is so fluid.

I am the first to comment on the communication that has improved now Neal Reynolds is in charge of it.

However because everything is fluid I can to a certain extent understand why nothing has been said in Concret.

However even when it is said in Concrete ( I refer to the unit being painted and then sent to Zambia to start commissioning) It's still not factual, like all of a sudden we are talking about $6000 or below for processing Copper

when to my ears it was $4000 and below in fact a figure of $3800 was mentioned. That is the entire problem with

JLPbut it's not worth banging on about it because Mikie will say I'm rude and negative

Good afternoon all

I really don't know why I'm doing this but here goes.

Mikie

I wrote a post yesterday reffering to you and you responded to it bu saying I am rude.

If I have upset you I am forever sorry as that is not my feelings at all towards you.

I have shown the post that I sent to 4 people asking if it was rude because I was surprised

at your response. They all said it was direct, a bit blunt but certainly not rude.

I doubt that you are a snowflake so I would again apologise if you thought it rude but for the

life of me I can't see it. Keep your over enthusiastic posts going as it keeps you happy but to me they

are built on hope to realism. I'm sorry if you find the last comment rude.

Gotreal

I do not and will not apologise to you as unfortunately I find you as I said a waste of time.

Your graph that you showed yesterday (if my eyes are correct) shows the SP going up in

a straight line ( please correct me if I am wrong) but on that basis and on that basis only

I have only seen that in a share that has had a bid , which may happen. Do I see the SP going to

£1.20 and remember I said 3 years, If Copper goes through the $12000 mark and stays there for a considerable amount

of time maybe but JLP would have to be producing over 100,000 tons of Copper on it's own without IRH.

That is also possible but I always err on the side of caution and realism. Would I like the SP to go to £1.20?

NO I would like it to go to £100,00 per share at least, the answer is of course I would.

Shulvin

Regarding EPS. Ther are 2 ways of calculating EPS.

One way is if a Company is paying a dividend, and the other is without a dividend.

JLP are not paying a Dividend so you have to determine nett income from the previous year

Then determine the number of shares in the market aand the number of shares outstanding and use

both of these figures to get EPS. As I'm sure you know, you can get historic EPS and forward guidance

EPS and EPS in the F/Y you are in. So the number of shares in the market changes the EPS

I am not standing infront of a post blindfolded with my hands behind my back which are tied

PLEASE START SHOOTING !!

Hi guys

Will ply in the morning

Out at the moment

Gotreal

On the subject f not being rude, you are a very rude man who only likes his own point of view and suffers total indignity if another person does not think the same way as you. To me you have no place on this board as you don't add anything plausible to talk about or discuss. it's just your way or the highway. I know a few people like that one or two of them are invested in this stock. They are lonely, bitter, frustrated men who eat themselves up when things don't go there way.

Most of the postson here have been you calling out people and being rude to them when you say you can't stand it if people lie , well that's just as bad as the attitude you come on the board with as some of them have not been lying it's just there point of view. Your a child dressed up as a small man goodnight

Hi Mikie

Allow me to be honest but not rude, I don't think I have met you at any AGM's but I love your posts but think as I have said before your positive approach which is surely welcomed does come over as being naive to say the least. you have been ultra bullish from 22p down to 5p and always looking at the positive side of the situation. If that's what you need well great for you and I rally respect that situation. I would like to take a more pragmatic view of things, not only in the stock market but in life, there is a balance and it is always prudent to look at the factual situation rather than the hopeful stardust that everyone clings to. There are many reasons why the SP has collapsed, together with there being many reasons for the SP to go much higher and I do believe that it will. I also believe that the Copper play and the timing of it is also in favour of the Company. BUT like the statement that Leon said in an interview, the unit is ready and will be painted and then sent to Zambia, There will be many more bumps in the road and the Company is not perfect and toally stupid in what it does sometimes, this alone will hold back the SP. BUT to say that the SP will go to £1.20 in a matter of a few years to me and only me at this pint is total rubbish unless there is a bidding war once JLP are producing profits that in in the 100's of millions. I'm not saying that is not possible and I believe that this MAY happen in the future but having just under 3 billion shares in circulation does cut down the chances of this even if there was a share consolidation which itself is smoke and mirrors as technically there are still the same number of shares but they have been batched up.

Your posts to me come over as a person who is like a child in a sweet shop, looking at all the sweets and dreaming and hoping. I have said to you before, if the Company went bust you would put a good spin on it. Good luck to you I say, what a wonderful disposition. most people would probably take half there shares off the table if it got to 16p if they have invested at 6p. that is what a wise person does. I just wish I was one of them as I would have over 2.5 million shares in for nothing now. I should practice what I preach. Good luck and still keep sending your posts as I love them