Member Info for Gray1

Fair enough about LWP Seis but there will still be transport costs and further processing costs and partner will want a percentage. It is the net margin I am more concerned with. I don't doubt they can make a gross profit but with the margins being squeezed below this I am more concerned about the net margin. Even at 1k/ton net on 8k copper it is only $8 mill net profit.

Roan has the lions share of the production at the moment and for the next roughly 12 months as others build up and I aren't sure there is a big net margin on it after costs and paying for the ROM. We will see in the first half as most of the copper has been from Roan.

You can still claim money spent back if it has been used before you reported the card was lost/stolen as long as you weren't at fault but you might have a few more hoops to jump through.

£100 is enough if they wish to raise it then you should have the facility to set your limit for contactless. No phone banking not for me either.

Kalan,

I have very much tempered my expectations here. I see it as a 5 to 10p play at the most in the next few years unless something very significant happens such as big copper finds at Molefe or G. Costs have also risen greatly further impacting the bottom line.

Looking at the 3 pillars

Molefe ramping up to 8.5k tons/month processing but only 71% is attributable to JLP after they recover capital spent. The upgrades on site not expected to deliver anything until next FY. Project G again not expected to deliver anything until next FY possibly second half of that year. Then we only get 65% from it.

LWP still testing and awaiting a partner again not expecting anything produced from this for at least another 12 months and then it will probably be sulphide at a reduced margin depending what the partner share is.

Roan some upgrades to do but it is still mainly ROM mine material and that comes at a cost so again the margin is squeezed.

Difficult to tell where the actual break even for production is on copper at the moment see how it goes but I don't see large bottom line profits from operations (not including sale proceeds of SA or other sale proceeds) for at least the next 18 to 24 months. The good thing is they have enough cash to do what they have set out to do so far.

On businesses:

Rolls-Royce could build a new range of jet engines in Germany or the US instead of Britain, in what would be a major blow to Labour’s faltering growth hopes.

The FTSE 100 aerospace giant is being actively courted by politicians in Berlin and Washington over a programme that will create 40,000 jobs across the company and supply chain.

It comes as surging energy costs – blamed on Ed Miliband’s Net Zero drive – are making it harder to make money from manufacturing in Britain.

Would be a blow to lose this after Astra Zeneca pulled out of building the new £450 million vaccine plant on Merseyside and then plus this:

Last month, the operator of the Channel Tunnel said it had cancelled future investments in the UK thanks to its soaring tax bill – further adding to fears that Keir Starmer’s government is driving business away.

But the UK manufacturing sector is under huge strain because of soaring energy bills.

Firms face electricity prices that are 50 per cent more expensive than in Germany and France and four times as expensive as in the US, a recent report from Santander warned.

Whilst not directly LLoyds related all these potential and actual losses to the economy does affect LLoyds being reliant on the UK. The jet engines would be a blow as it is expected to be worth £100 billion to the UK economy. One to keep an eye on.

Hello been away for some winter sun for 10 days cost will be partially offset by the savings on the exorbitant cost of gas and electricity I haven't had to use. Every cloud:)

LLoyds sp has surprisingly held up rather well considering the buyback has finished and the economic challenges the country faces.

They can't buy whilst the sale of the SA business goes through.

People who use foul language do so because they haven't got the vocabulary to discourse in a reasonable manner. Potty mouth at it again. Back to the playground for you.

If you are smart Harddown it isn't difficult to reduce your tax liability. I only pay tax on my income. I pay no tax on all my investments and have reduced my inheritance tax for the kids as I gifted them both a substantial amount of money to purchase their own houses.

Lots of other stuff you can do also the rich won't be too worried about paying tax they are mobile and have the financial advisers to reduce their liability as tax becomes more onerous they are quite flexible. Once tax goes too high it becomes counterproductive and doesn't raise as much from them once they have an incentive to minimise it.

Starting on nights and finishing on days that shift system was brutal. It was Nights, Days, Afternoons but then some lunatic decided if we switch to Nights, Afters, Days you get more time off in between yeah right you needed it as you slept for most of it

No it was a medium sized chemical company in Yorkshire it is shut now.

If wage increases are tied to inflation then you aren't getting poorer just the gap between the ones on more money and the ones on less gets bigger. I have never seen it in any company where everyone got the same amount of money whatever position they held. Managers were always paid more than the shopfloor.

Shopfloor got the same depending on age (youngsters got less some with long service got a little more and if it was piecework then it depended how much you did).

I hear you hardown I used to work 7x8hr shifts start on nights double back to afternoons and then double back to days it was a killer and then got two days off and if you worked overtime on those two days which was quite frequent it was quite easy to do 16 straight days. The most I ever did was 63 straight days.

We then went onto to 12 hr shifts 4 on 4 off and the most I did of them was 36 but that is what you had to do if you wanted to earn money. In those days I was in charge of 5 chemical plants with 50 hairy a r s e d mainly Yorkshiremen working for me and they called a spade a spade little snowflake troublesome wouldn't have lasted a shift:)

I self taught accountancy passed all my exams and was lucky to get a job as audit manager in a large retail company completely different and much easier job:)

Fortunately my dad was even better he worked a 8000hr week he didn't have an alarm clock he had a time machine and used to program it every week to reset at the beginning of the week so he could get more hours in. This was when we had an industry and power was cheap.

He didn't need a hod and used to balance 4000 bricks on his head whilst walking on a 1cm wire carrying cement and a trowel.

Our neighbourhood was quiet and respectful where you could leave your doors unlocked all the time as there was no "foreigners" lurking around to cause damage and harm. My mother used to cook and serve dinners for all the pensioners in the street as we were taught to respect out elders and anyone claiming benefit was put in the stocks and not fed until they begged to be let out to find a job. Great days lol

Are you Torten Bell asi? He doesn't like pensioners either and as you always claim they are a constant drain on the government finances with their pensions then they are a problem.

Do you think that people who have paid into NI all their lives shouldn't be entitled to a pension from it or do you think they shouldn't have paid any NI and should now just live on whatever private pensions they have accrued and any who have claimed benefits all their lives shouldn't receive a pension at all as they never paid anything in and so just continue to claim benefits?

Or should all pensioners be means tested so they can't claim anything and have to sell all their assets including houses until they are reduced to a level where they have to claim benefits. Not quite sure what are your view is on pensioners as it seems very anti towards them.

Agree Shuvlin I think you should give JMK the respect he deserves. Although I have never e-mailed him a number have on here and have received replies where he is able to which has been appreciated by the genuine shareholders when his replies have been shared with us on here.

Says the king (or queen) of pointless drivel:)

I thought you weren't talking to me?

He can compare notes with Siddiq and Starmer.

Tulip Siddiq (former anti-corruption minister) now sentenced to 2 years for corruption and her family also linked to Russian bribes. Siddiq and Starmer's family are close friends and Siddiq endorsed Starmer as a Labour candidate along with trips to see Sheikh Hasina paid for by the Labour friends of Bangladesh. Wonder if there is any more in the closet?

I see the pr dept for the Labour party is in overdrive lol

Who is lying? Starmer and Reeves or the OBR?

Or was it just a case they ignored the OBR to put party and their careers before the country? Shame the budget wasn't about growth seems to have gone the same way as smash the gangs.

Expect this thread to be deleted as it isn't something the left want to hear.

Anyway all you workers out there need to be doing more overtime to pay more tax and help pay for all our needy people. Please sir can I have some more.