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I'm afraid you are incorrect again Bushey but your bet with Gotreal is cute as there may be a placing for Chambesi, So why don't you specify the terms first

Hi Kalan

Thank's for your post, couple of points, I agree with the FD now holding the reigns which is obvious, You also have to accept that if JLP were a one trick pony then the cash situation would not be a problem but they have been ploughing the money back into the business for projects and it is only quite recently that Chrome/PGM's and Copper have been seperated into stand alone businesses. As far as charts are concerned, I know nothing about them so I really can't comment except they look backwards not forwards, however lot's of people use them so they must serve a purpose.

One thing that I think people have missed is Leon said that by the end of April Roan will be running at FULL CAPACITY, not it will be running. It takes a few weeks to get up to speed. I don't think the placing was rushed through because of cash, I think it was done because of the opportunity but it's done now for a good reason and when the Arabs return the investment it will be good, We have to realise as Neal said investment has been very high and it is going to start to come down materially now which will also help. Leon not understanding a balance sheet and money is a bit harsh, any Company that has had it's main source of earning like PGM's collapse would have a problem, et alone a Company heavily investing in another area so I think we should give Leon and the former CFO a bit more respect than that. BUT, I wish I had done what you have done with hindsight as I invested heavily at 8p because of Slater, and if I had waited I would not be stressing and would be much more comfortable now, Just goes to show, impatience costs money. On a brighter note I think we have turned now after the good presentation Good Luck

Hi All

We all must agree with Dorfan who being in a position of being the Chairman of Merafe some years ago has probably more knowledge than all of us put together with regards to running a PLC. It also helps that Seis gives us his take on the figures and costings that have proven 90% correct which to me is a Godsend that we can rely on his hard work for comfort more than anything. As far as a re-rate is concerned, going up 4-5% on a Friday is great but one swallow and all that. It seems weird that older investors here understand that we are a multi metal Company now and do not rely just on platinum now that the Chrome is adding real value.I hope more than anyone that there is a re-rate and I still believe that the SP will return to sensible levels once Roan is producing. The only worry as I have said before is people need cash and they are very quick to get out and very slow to get in. I am not criticising him at all but if you look at Kalan and the way he waits and waits, I'm not saying he is wrong but accepting that investing is like a form of cultured gambling pople are looking for as near a certain bet immediately rather than looking to the future. They say the market looks 6 months to a year ahead. well to me that rule does not apply anymore as there are so many uncertain things happening in the world and add that to Leon's hope's regarding timelines have not come to fruition then that is where the problem may lie

Let's hope for a great week so I can prove myself wrong

Bushey

I have no problem in sating that you called the market, but it doesn't take a genius to understand that if PGM's collapse then the SP will go down like all the other PGM producers. What I have a problem with is the way you do it and the glee you get from others, it's a sickness. There are loads of people who could have told us that when PGM prices go down the SP goes down, we all know that BUT we are in for the Copper and we have been fortunate enough to gain from the Chrome. Leon has been clever enough to adjust the Company for that reason. However, if the SP goes to 50p in the next 6 moths or 3 years I certainly won't be sending posts to you saying anything. I trust in my judgement that the SP will go up in a timely manor and I like others will benifit. You however seem to want to endorse your feelings 10 times a day, we know how you feel and if you want everyone to say to you well done on stating the obvious well I will say to you WELL DONE you clever little boy. Now can you give it a rest and be more professional or is it beyond you. I really look forward to moving on from the playground to the 6th form on the platform

Hi All

I have said many times that Bushey should not have responses, in my time I have been unlucky to meet one or two

people who thrive off other people's misfortune or bad luck. Unfortunately, the world has too many of them. Personally, I have always been happy if someone has done well and neutral if someone has not unless they are a friend of mine.

It seems that this nature of jealousy and hate is now much more common now that the internet has blessed us with overwhelming capabilities to sound out your own thoughts. What a shame that humans have spoilt this wonderful planet. And what a shame that people can't be happy for others. when you consider everything else that goes on in the world don't you just stand there and think how lucky am I. these people need help. Have a good weekend

Hi Seis

Thank you for all your information, I would love to know what goes into building these independent pods

as by the look of it in the next 2-3 years they may need over 20 and maybe it would be quicker to make them in house

so we don't have to rely on deliveries, I know that the electronic parts would have to be outsourced but it would be interesting non the less. What are your views?

Hi All

If they get it over the line, of course there will be a massive dilution which will be the only way of dealing with it.

For some reason, I feel confident they will get it there but after that I probably won't be happy because of the dilution

Regards

Hi All

Well I've just listened to the presentation and it does fill in quite a few holes to put into the spreadsheet.

It seems that we are inches away from being where we should have been maybe 18 months ago but with a different business plan which I must admit is much better than the original one as it keeps the Company flexible and it's

more cost effective. Everything I heard I like, I would not be at all surprised if we exceed 25000 tons next FY.

The only problem is the market, If it were me I would strongly consider a full listing when the momentum and figures are there because the AIM market is the wild west and there was a time 6 months or so ago that the information given today would up the shares 10% or more Please G-D I will live long enough to enjoy the fruits of the hard work the Company has put in

Hi Heroric

Just to let you know, the cancellation was not down to JLP but the Company arranging it.

Secondly, the IRH deal is not done as they needed the vote to be finalised and there are other

details to be sorted, I would not be surprised if Chambesi is part of that. As far as why people are selling

well that is the big question that no one can answer.

Thanks Northern

And still there is selling.

Hi Northern

Can you tell me where the latest presentation is as the only one I can find is November 2023

Many Thanks

Hi All

I'm going to try and answer all of your points but first;y I must say to Seis that in no way do I disagree with all your points and for me you are probably the only one on this board that gives information that is vital and I thank you for it.

I must also state yet again that I have been going on and on to the Chairman etc etc about comms.

Gray 1 for instance stated "what about Draslovka" well i think I'm right in saying that Slater said that they were waiting on results in December, so WE automatically thought we would hear in December , so far nothing. That in sentence is the problem. Probably (and I'm giving him the benefit of the doubt) Leon has not had to work on comms so he doesn't understand. However most of us hang on his every sentence. I accept that problems happen, I accept that things are late, I accept that it is a fast growing Company, I agree with what Northern Shark has said, look at all the great things that Leon has done, and he HAS done great things. However, when I was building up my business and was wet behind the ears and we were growing over 100% for 4 years running it was great and then a member of staff screwed up with a big account and I got hung out to dry. It's not the good things you do that matters because that's what you are being paid for, it's how you handle the bad things and there has been naivety in the way things have been handled. For all we know the procurement manager may have been sacked because of the promises he made with delivery schedules which has been the biggest problem of all because if the bloody Roan unit had been delivered on time Leon would have driven a coach and horses through the Copper figures. Leon has done a brilliant job but for new investors they are doing the same as Kalan holding on until things get clearer. Let me be totally honest I purchased a shed load of shares at 8p thinking we were at bottom,thinking that Copper would be on it's way starting December and because Slater purchased around that time. Well if he got it wrong and he knew what was going on there's not a lot more to say. However balance is vital. The Chrome call was great, PGM prices you can't put in Leon's in box. also in way the Copper strategy being wrong was a godsend for the Company but not for us because of delays . I honestly believe it will all come good as long as there are no major international screw ups. The thing is, we all want the security of looking at our account with the shares at 20p, we want the problem of when to sell not when to buy. we want to have money in the Bank, did anyone ever hear of fear and greed Lots of Love

Hi Seis

I agree that the progress should be obvious in the figures but unfortunately outsiders may not believe Leon anymore because of the past. For instance, hindsight being a wonderful thing, if I had know 2 years ago that the road map for Copper was wrong and going to be changed I would not have invested. People need to see consistent settled cash flow coming in with no hick ups before they invest.

Hi Corrumpo

I understand believe me however, when you invest in a Company it's not really your money anymore it's theirs.

You have shares which being a miniscule amount means nothing unfortunately. I have had comms in the past but nothing for months so I am in the same boat as you

Hi All

The really contentious questions that everyone wants to know will not be chosen to be part of the video presentation.

That's the problem, we want the difficult cloudy situations answered so there is clarity but that won't happen.

The other thing that concerns me is that other than an RNS saying that an approach has been made the SP will not go up as it's a sellers market which is shown in the last 2 days. we have to wait until the cycle is finished before getting out of quicksand.It's bloody annoying, if we get news which we shall of the signed agreement with the Arabs then it will probably go up 10% and come down after 3 days. If we get hold of Chambesi then the normal people will bark on about the same old crap. We need bloody good figures and I do believe that they are coming but not for about 9 months at least

Corrumpo

What do you actually want them to say, they are looking for either a buyer or a J/V

Until such times as they find someone and it's concrete what are they supposed to do.

Release an RNS saying, it's been a tough day today made some calls but nothing has happened

We all have to wait and hope, I have far too many of these and I want to know as well but things take time

I think you will find that they are going to get the drilling results first and as long as they are good which they should be they will then re-list so they SP will have a good start. The only problem is that drilling is one thing but getting the results could take quite a few months

Heroric

You are correct and you are entitled to your opinion. I must admit that it’s not like Seisnav to be rude. Others maybe. I think that all they are asking for is factual comments, and without me trawling through everything I think you stated that Jlp haven’t or won’t do 3000 tons, what I think you are saying is that they haven’t done 30000 tons YET however they have stated that they will produce over 5000 Tons

heroic and others.

i try my best to look at things without ant sentiment or passion, i also if anything have been talking about leon and co not communicating correctly to the market which if anything is talking the share price down. let's look at factual points.

yes leon has in some cases stated dates which have stretched beyond his timelines which i have found incredibly frustrating., if you are going to try and protect your sp you have to do that and take the flak.

then there is the situation with the collapse of pgm prices. i may be annoyed with leon and co but no one would put that on him, in fact quite the reverse, this is why he got involved in thuste and copper.

delivery of goods which has been the biggest pain in the ****. well, he isn't involved in shipping and the docks however maybe he should have been a little more savvy and given himself some room for dates

political upheaval, well it is his fault about russia invading ukraine and hamas getting involved in israel, and he's a very naughty boy for not admitting this. i have been one of leon's biggest protractors only because of communication but never about his skill set as an engineer or ceo or deal maker. however much it annoys me that the sp is where it is, is because it's mainly down to pgm's pricing. the market can now look at a company that once roan is going is truly diversified and has insurance policies in place, together with irh who will be easing any financial problems. it seems that chambisi is going to be part of the family as well so what happens then. you have to give credit where credit is due and you also have to accept that most people need cash which is why risk is off and selling will continue, we must just hope that more institutions get involved and that a re-rate happens, which in a way happened today with wh ireland upping their price target good luck all

Well it looks better but there is someone who wants out as there are mainly sells going through but we are lucky that someone is picking them up. The timelines of events still stretch which is frustrating but I must admit that once we get 2 more units at Thuste and the Copper unit a Roan up and running it should look very impressive. Risk is still off though and it will take something really dynamic for the SP to go into double figures. If as we think IRH is going to do something with Chambesi with JLP and other areas it makes more sense IRH buying JLP out and having everything under one roof.

I can dream can't I Good luck all