Member Info for Gray1

Predictable it was you with the sniping post and the name calling not me which says more about you than me. If you read my post I said I was happy with my investment with LLoyds did you not see that? Or did you chose to ignore it so you could spin it as you usually do?

Good for you if you see potential I am happy for you but in investing nothing goes up in a straight line and I don't share you optimism. It doesn't mean just because you are positive others who aren't are wrong.

When it comes to sniping you need to look in the mirror no one worse than you for it. You do it continually as indeed you have just done it again.

Nice dilemma to have don't you think. It is win win whatever I do:)

Once we get the full results for last year Seis. The second half figures may give us more of a clue what to expect from the first half this year for pgms and chrome.

Glad you made all your losses back over the years. I have had my share of losses over the years as everyone does at times but overall have done really well out of investing in shares. I wouldn't have the comfortable life style I have now without doing so.

I remember with one share I was in was on holiday in the lake district looked at my phone and over two days sp went from 8p I had bought at to just short of 50p set off home the next day after breakfast so I could login and sell them by that time they had dropped to 43p my best ever investment had 50k in it was just looking for a few pence gain and walked away with over 250k gain was quite a few years ago now. I was lucky no great strategy on my behalf.

I am sure some will have similar tales. My biggest loss was around 10k on a share on aim even with that I could have had a profit but got greedy happens to us all I suppose we live and learn. I was also lucky to have share options and sharesave schemes at work which worked out even better over the years. Right time right place. Good luck to you Chips.

You should work in Lloyds pr dept chips:)

I'm happy with my LLoyds Lucky sat on near 60k profit plus all those lovely dividends. The dilemma I now have is do I sell realise the profit and look to buy back in cheaper or just say sod it ignore the sp leave them and keep collecting the dividends assuming they keep paying them of course no reason to see why they wouldn't:)

You missed of unrestricted migration, huge increase in benefit costs, high energy costs, public sector wage increases and ever increasing taxation on both employers and employees off your list or don't they count?

Some on here believe the world will end before then if we don't achieve net zero by 2050. At least Isaac is giving you another 10 years. Wonder what the LLoyds sp will be then probably zero just before the lights go out:)

Seriously that is hilarious you need to remove your head out of the sand.

Did you actually have a straight face when you typed that hahaha

That is the funniest thing you have ever posted troublesome well done it will keep a smile on my face for a long time. Please admin don't remove this thread it is priceless.

Troublesome,

Do you think Michael Prescott's dossier was a pack of lies? Two of them have resigned over these "mistakes". Personally am not surprised by it seen it coming for quite a while now as I believe many others have not sure how this all affects LLoyds though.

Unlikely it will improve either even with the two resignations it needs a root and branch clear out but that won't happen. Part of me hopes Trump sues the BBC and drags them through the courts although unfortunately that will mean the tax payers will have to pay so a double edged sword.

Thanks Seis thought they had mentioned sharing but agree unlikely before FY27 so any CAPEX for that will be next years.

Hi MetalTrade,

Munkoyo processing unit is the $9 mill that is planned. They have the CAPEX

Roan Refining is the leaching at $2.5 which is planned. They have the CAPEX

Project G has an onsite processing unit but will probably need some money spent on it but more work to do on Project G regards exploration development first which is planned in this FY. I don't think this upgrade will be needed until next FY as I put in my original post. Possible they could use the Mofele one not sure though.

The LWP processing modules they are looking to partner so no CAPEX required according to JLP. They have interest in this allegedly. See how it goes.

You maybe right Loot then again you maybe wrong:)

I don't know how long it will take Sumoskier it was never going to be quick with what they have released so far. They have missed a potential update at the end of October but they are in the middle of a sale of a major part of the company and the results are due out the second half of November which is an integral part of the sale see where we are when they come out. Not long to go now.

No problem

Yes Leon does like to go after new shiny things hence my reference to them a leaching plant at Sable I would assume would be another $2.5 mill so not huge.

The point I was making was they have plenty of cash to do what they need to do in the immediate future as for more acquisitions they will generate the cash flow plus the additional $10 to $15 mill a year from the sale for the next 3 to 4 years so plenty for new toys:)

Mines aren't that expensive it is the exploration and machinery required on the site that adds up.

Roan is having a leaching plant that is what the $2,5 mill is for.

Sable once upgraded will be able to do 2.5k tonnes of sulphide along with 11.5k of oxide. They are spending $9 mill at Mofele maybe that is included or not haven't seen any mention or need for it. Seis is the man for that.

As for ROM that comes out of operation costs not out of CAPEX. If they have to extend etc then there maybe a small CAPEX but no big deal.

Purchasing of other mines would be CAPEX however they have just extended exploration rights around Mofele and if all goes well it is quite possible that Mofele and G could fill Sable on their own.

I know what it says Gotreal just putting some actual and possible numbers to actually demonstrate it as JLP didn't bother.

Seeing as everyone is having a go at each other let's get back to JLP whilst it is quiet someone mentioned possible dilution the other day can't remember who so:

Cash required this FY:

Roan $2.5 mill

Sable upgrade $5.5 mill

Mofele upgrade $9 mill

Debt payment $8 mill

LWP remaining payment $9 mill

Total $34 mill plus some mining costs let's say another $5 mill maybe overestimated revised total $39 mill

Cash

First part of sale $15 mill

On sign off $10 mill

Payments from the two sales outstanding around $10 mill

Total cash $35 mill

Which leaves a shortfall of around $4 mill but we have also cash from operations for FY26 and our cash position at the end of FY25.

No idea what cash position was at end of year probably $5 to $10 mill

Cash from operations this year with chrome and pgms for 6 months approx $10 to $15 mill

Total of $15 to $25 mill minus the $4 mill so we should have a healthy surplus for this year and be able to do what has been set out.

For the following FY there is no more major CAPEX required (Project G upgrade and further mining costs) unless JLP want to acquire some more shiny things. So FY27 there will be existing cash position plus cash generated from operations plus a further payment of $10 to $15 mill from the sale of the SA business.

Have a go at this instead of each other:)

Very sanctimonious of you Harmprof you don't know what investors average sp is. Many could have taken the opportunity to average down at these levels. Many long term holders could have bought at levels below this and subsequently above as well and sold some along the way.

You can't assume just because some who post aren't happy with how things have worked out so far are trapped in at far higher prices than they are currently. My average is 5p and as Shuvlin said I could have taken a profit when they were at 20p and like him I didn't more fool me as it has turned out.

Am I disappointed of course but it is no big deal wouldn't be the first share I have lost money on but I treat AIM as my gambling money so if I lose it I lose it not the end of the world personally there is a higher risk on aim but overall I have done ok as I am sure many have.

Instead of concentrating on all the negatives for not investing MetalTrade what do you see are the positives and how likely do you think JLP will achieve them?

Many posters on here have been critical of JLPs delivery and communications in the past me included but they have set out a plan for this financial year on what they aim to deliver.

I am prepared to remain invested and give them some more time to realise what they set out to do and will judge where they are in July next year and see how they have performed compared to their proposed schedule. They have a lot to do I am sure some things might not go to plan see how it goes.

I have no problem with your caution MetalTrade but Seis is right if you want a multibagger you have to be prepared to take some risk. How much of a risk is up to you and when to invest good luck if and when you decide to take the plunge:)

If I wasn't already invested with what has happened before with copper I would wait for a little more meat on the bones before jumping in see what the next RNS brings. It is unlikely the sp is going to go berserk in the short term but you never know.

Lots to look forward to this FY and as Kalan says if they get it right then you might get your multibagger over the next 2 or 3 years from these prices.