Member Info for Gray1

Surprise surprise lol

Answer my question which I asked first and I will explain it.

Hmmm interesting

You never hear anything negative about the company Gotreal. You are the biggest supporter of everything they do which is fair enough but out of interest how many shares do you own and what is their average price? I assume you must be massively in profit to be so confident despite all the multiple setbacks.

I know it doesn't that I was being facetious.

How do you think JLP can improve sentiment in this share then Gotreal?

Would hitting targets and bringing them in on budget help or is it my negativity that has hammered the share price? Which do you think has the most important?

Poorly performing companies tend to have an sp below their NAV.

Absolutely nothing to do with the abject failure of copper production so far nothing to see here ignore it all and move on maybe you need to ring up the market makes Gotreal and tell them they have got the sentiment all wrong for the last 12 months.

Sentiment yeah right lol

It will be interesting to see what the third party get out of the OB1 waste if they ever tell us.

I thought that 10 years ago bottumsup unfortunately we are where we are.

Yep NAV does play a part Gotreal.

They need to get net profit above 10% of turnover at least ideally 20 to 25%.

It is Bluebelly you can at least half your figure so gives an sp of 4.8p on pe of 8 but as the copper side of the business is still growing (well it is supposed to be) then this will increase the pe usually also there is around $900k per month from the sales I previously mentioned so this will improve profits also.

That is the gross profit you are using Bluebelly you use net profit to calculate eps that is why it is important JLP improve their net profit to materially affect the sp. One reason why they have sold 10 mill tons of OB1 and sold another asset to improve this next FY.

If our pe was at 8 to 10. The sp would be closer to 2p because of the poor net profit we currently have. Of course this doesn't take into account any added value for forward looking part of the operations or the actual value of all the plant and equipment they have. The sp is currently trading at around 20 to 25 pe so most of this is factored into the sp already need to improve the bottom line.

Apart from the 10p quite quickly (not saying it can't get there in time though) couldn't have expressed it any better Ardbeggar

OK. I don't think everything looks black there is some good things the could happen with copper but they have to deliver and there will be further cost to it and we don't know how profitable it will be. Still a long way to go and they can't afford to keep kicking the can down the road with it.

As far as OB1 goes personally I would rather they sell the lot on to the third party than try and process it with their current track record and use the money to advance Roan and Sable and that side of the business which is more developed.

Shuvlin where in my statement did I encourage others to sell? I will sell when I am ready not when you and Gotreal tell me to just as I would never tell you or anyone else what to do with their investments. You have a right to an opinion on here just as I and others may have a contrary opinion. No issue for me.

Copper was loss making in the first 6 months. They haven't produced much in the second 6 months so overall will probably be loss making is that such an unreasonable statement to make? They haven't even given a revised forecast what does that tell you? This means Chrome and pgms will have to offset this. However I did state the sale of assets and OB1 sale will help the bottom line but not much for this year.

Surely the purchase of OB1 should have been in the RNS to confirm it as the deadline has passed. It only needs a sentence although JLPs RNS writer would probably take a paragraph.

Net profit as a percentage of sales is poor.

I wasn't personal like you and others are to anyone actually wished you and your ilk well no animosity from me.

Over the last 3 years how often has Leon hit a timeline or one of his many predictions? Do you think they are worth 1p options?

How satisfied with the copper side of the business are you and if they miss another timeline or forecast will you just ignore it and say just another delay. Roan has hardly produced anything for 12months is that good enough for you or just another little blip and another "slight" delay? Now they are buying it in to get anything reasonable out of it.

Sable another delay but it's only another 3 months nothing from project G not expected until October another 12 months on.

All this in the last 12 months hardly historical or am I making it all up? Are we producing 25k copper yet? It isn't even 5k. So no I don't believe Leon just hoping Slater and his FD have a reign on this and can actually deliver some shareholder value over the next 6 to 12 months.

Agreed Sumo their RNS writer is an incompetent fool. The word salad and repetitive communication in it obscures some of what they are trying to say. Why no mention of the purchase of the OB1 very worrying.

Has Zeus capital ever got a copper production prediction right yet? They must have the same 100% record that JLP have with missed copper targets.

The only saving grace for copper at the moment is Slater's man at FD without him this would be in real trouble am expecting a loss this year from the copper side of the business. At the moment the most reliable profitable side of the business regarding net profit is the cash they are receiving each month from the recent sale of the asset and the income each month from the part sale of the OB1 asset.

Unless there is a serious uplift in pgms and chrome net profit the bottom line is going to be very poor in relation to sales which may impact further on the sp. They have a lot of work to do to recover this and still some serious spend on capex to increase copper volume.

When I first invested here I had real hopes we could see 50-100p in 5 years or so time. Them hopes have gone. Now maybe 20p in same time frame but I don't want to hope and wait that long any more. Now just looking to get the bulk of my money out at the best opportunity for me. Hopefully we will get an aim pump and dump.

I have zero trust in Leon and agree with Edzi he should be removed as CEO and yes Sumo the 1p options stink. If they had any morals they would rescind them as they certainly haven't done anything to deserve them since they were issued.

Agree Seis Africa is a tough place for a business but Leon has made a dogs dinner of copper so far. To all the believers and optimists for this sp you are more forgiving than I am and hope you are eventually rewarded you deserve it because just like me you have suffered enough with JLP.

Can't lose when they are free Shuvlin but I take your point.

Copper has been a long hard road Seis. Eventually may do ok out of it don't think it is ever going to blow the doors off but someone investing at this price now may make a few quid over the next couple of years or so.

I won't put any more in even at this price bought more at 4.75p to bring my average down to 6p so with a fair wind might get my money back and few quid profit over the next couple of years. These are on the back burner now for me wish you all the best of luck.

I just am waiting to see what they actually do now DRU past caring what they put in an RNS as most of it doesn't happen when they say it should very rarely on time. This ever gets back up to 6 to 8p I will sell 80% of my holding just to get my money back and a small profit and just leave a little in case a miracle happens and copper production actually does take off over the next 5 years. See what happens

Are we going to produce less copper than we actually produced last FY? Hands up who thought that would be the case.