Member Info for gotreal

Ardbeggar..... you win nothing. Read the 'effin RNS.

Sorry Jonah, the comparison is nothing like the same.

It provides certainty on an element of the operations.... the market hates uncertainty.

Papaki: "Backward looking statement based on the period when Chrome prices were high and PGM prices were low. Statement is invalid if foward looking." Invalid if looking forward.... So you have a crystal ball that came with a guarantee?? The future prices of chrome and PGMs produced in the environment of South Africa are more predictable and production easier and less capital intensive to further scale than copper in Zambia? The difference is that, cost-wise, we own the resource of production in Zambia but are at the mercy of the market for most and soon, potentially, all production in South Africa when the second OBB contract expires.

Pathetic.... policing... ridiculous. How many posts have I made on JLP in the last week....? Carry on with your agenda.....

Repeating the same post to try to force it down people's throats is a sign of desperation, Papaki.....

So you disagree with the facts HDs?

That RNS rather puts things in perspective.... Chrome production so vastly outweighs and is the precursor to PGM production that it is the key to SA profitability, not PGMs. Toll processing offers a guaranteed but LOW margin whereas buying ore offers a HIGHER margin but exposure to the risk of chrome concentrate price volatility, and that higher margin is constrained by the cost of the ore increasing as the concentrate price increases. The bonanza the spammers here have been predicting from PGMs is offset by the reduction in price in chrome prices and the chrome price is volatile (and the price of PGMs is not guaranteed to continue to rise) meaning the future risk in South Africa is growing. Coupled with the wider political, economic, business and infrastructure instability leading to lower foreign direct investment provides a clearer rationale for the proposed sale, at whatever the final price is. This is a good example of the issues in South Africa .... https://www.bbc.com/news/articles/c39zygp0d8yo ...

" it’s currently all hypothetical… that’s a fact. ...." No it isn't.

5m at 1.2g/t Au and 0.002% Cu from 319m (WRSDD0015), and

7m at 2g/t Au and 0.38% Cu from 273m (WRSDD0008)

MH01: Analysis by Expert Geophysics Limited highlights that the Red Setter Dome has strong similarities to the Telfer dome, which hosts the +15Moz Telfer Gold Mine now owned by Greatland Gold Plc (LSE: GGP).

Previous Wishbone drilling only targeted a minor magnetic feature to the north of the main Red Setter Dome target but still intersected significant gold and copper mineralisation including:

5m at 1.2g/t Au and 0.002% Cu from 319m (WRSDD0015), and

7m at 2g/t Au and 0.38% Cu from 273m (WRSDD0008)

These results are still significant and require further follow-up as they have similar characteristics to the nearby Telfer Gold Mine, where GGP recently reported a Mineral Resource Estimate of 154Mt @ 0.64g/t gold and 0.08% copper for 3.2Moz Au and 117kt Cu (GGP RNS 18/03/25)

"given the buyer was offered the business, they won't make a counter offer.. they will just walk away.." Proof of this totally made up claim??

"I am All in here ...." Says nutter to me ......

It seems that 0.585 is the new support level. Currently on TradingView there are NO sell signals, 10 neutral signals and 16 buy signals.

Papaki .... the business was vastly undervalued BEFORE the deal was even announced. To "misleadingly" attribute the undervaluation to the proposal is "disingenuous" ..... to say the least. You are as guilty as all of the others of posting volumes of sheer conjecture, as you have no more actual knowledge than anyone else until the next company announcement. "The market is also assuming that JLP is not a copper business and will not achieve their target" This statement might seem to be true but the "market" has always "assumed " incorrectly and is very often wrong with regard business value, and nowadays particularly so, as it is made up of people whose time horizon is a matter of days or weeks. Warren Buffet became one of the richest men in the world by buying businesses that the market mis-valued. What the market doesn't like is uncertainty, and it is the uncertainty about the operational state of the copper operation that has caused the depressed share price. When, as I believe will be the case, the current production is proven to be stable and growing fast and how the proceeds of the PGM business sale, at whatever price is finally negotiated, will be employed to turbocharge that, then the share price will react accordingly, as the business will be producing hitherto unknown quantities of cash and the vision for the future will be clear. The company will have to work hard to persuade us that divesting the chrome/PGM operation is the right thing to do, at any price, and in that they will never convince everyone, particularly those that just and simply look at the price of the metals without considering the bigger picture in South Africa where business, economic, political and infrastructure issues all combine to make Zambia a far better place to be operating. The simple fact is that no one posting here, even those based in Africa, have a true understanding of the reality and complexity of operating these businesses in the two countries concerned, and that includes you.

It was showing over-bought on the RSI earlier.... now back to a more sensible figure of 60%.

Yes, so the rise, which was from 1.5p to 8p, was nothing to do with the funding round and in fact, as AKHM says, it fell 50 - 60% afterwards.

1000%??

Banksy1: "Casper, I bought in on your hype and lost on the first day. I'm hoping you're correct...." In that case you need your head examining..... Buy ONLY based on your own belief. However, there is plenty of reason to believe it was the right call: https://markets.ft.com/data/announce/detail?dockey=1323-16736432-22MOALUK88PRPOT2TLS6PK2H95 "Richard Poulden, Wishbone Gold's Chairman, commented: "As highlighted at the ASEG conference, the techniques and data insights provided by Expert Geophysics Pty Ltd (EGL) using MobileMT are transformational as they allow the industry to understand in far greater detail what lies under the ground. These findings reinforce the fact that Red Setter has a 3km strike with impressive gold grades near surface and a clear picture of the possible origins of the gold and copper deposits. I look forward to the next stage in Red Setter's exploration programme buoyed by the value-added insights provided by these findings."

They have employed some of the best in the business, Expert Geophysics Pty Ltd, to survey and now Apex Geoscience Consultants to extend the drills at the target sites and have the funds to do so. Gold exploration is always a high risk investment but as far as they go, this is one of the best opportunities to arise, IMHO.

RSI divergence turned bullish yesterday morning and the oscillators and moving averages are all now showing a strong buy signal to traders.

The comments here are hilarious......