@Mikie, I agree that it's a good idea to sideline the Eastern Limb pgm plant especially that Palladium has come down in price and now no real reason to invest into the Eastern Limb (high in Palladium, Rhodium), especially if Palladium goes further south as predicted and Platinum once again becoming the number 1 player as the switch happens in catalytic converters from palladium to platinum.
I do however not enjoy been told 7 weeks ago that a 600 000 chrome deal is in Advance discussions then yesterday not a word spoken about this "specific" deal. I just wonder has no one here learnt any lesson from JLP history. I've been here way to long. Anyway I hope I'm wrong and the deal is announced shortly.
I was banking on an update on the new 600 000 chrome deal as Leon mentioned it in 3 interviews in September and in the September RNS.
Yesterday would have been a perfect opportunity to give an update to help stabilize the market.
For whatever reason it seems like it's off the table now otherwise it would have most certainly been mentioned. Gotreal, go back to nursery school and find out what happens in a recession, especially to copper (Dr. COPPER).
With US interest rates at 5.5 percent a recession is more likely.
Copper could quite easily fall back to $6000.
Although I would love the copper price to go to $12 000 I honestly can't see that happening next year, maybe 2025..
Slater will need an almost 200% rise in share price to scrape back their current paper losses...
And then there's time loss value.... they been holding for almost 3 years... so add another 2 years to maybe just maybe get back to 16p... which is actually totally unrealistic and would be a miracle for anyone to make 200% in two years from here unless you a dreamer.
So 5 years of nothingness for Slater.
Can't be happy chappies...
Dorfan, probably because it's not great.
Rising costs and lower PGM basket price. We know from the past Leon keeps quiet when things aren't going his way...
I'm just as mad as you. 13 years and still waiting..
Just from a technical view... Jubilee has broken through its support level on the JSE... and quite strongly... expecting JLP to do the same on AIM...
Don't shoot the messenger... just hold off buying you might get a better opportunity shortly..
Why wasn't the new imminent 600 000T chrome deal mentioned?
Surely it should of been atleast mentioned why it's taking longer than expected to be announced since it would be the companies biggest revenue stream?? I'm also surprised why no one on this board picked it up.
Not even a mention in the Q&A!!
How can it go from Advanced talks to not even a mention unless.....
Imagine going into an investment meeting with your shares down 12 percent on the morning... I do feel for him a little bit. Maybe he will start giving more realistic timelines!!
I wonder if Leon has glanced at the share price...
Surely he won't use the word "advanced" again.
I agree Dorfan. Amazed some people here are quite happy to see these hard earned money get ripped another 10 percent after an already 30 percent fall this year...
Although the future looks bright ( I've said this a hundred times). I can't see anything Leon saying in the investor meeting that will lift this share in the short term.
Until we see this "new" Roan with "breakthrough " technologies actually working I think we in for a tough 3 months. I'm not buying anymore till next year.
What is annoying me... is that in his last interview he told the market that most PGMs producers earnings have dropped 60 to 70 percent and that we are totally buffered by that because of the chrome we produce. But then today's report indicates our earnings are down 54%??
That's not how it came across in the last interview.. like.many things he says....
What happened to the 600 000 chrome deal he spoke about in 2 separate interviews and in September's RNS... has it disappeared like the Eastern Limb Chrome plant that was meant to start this quarter...
You need to look past your nose Bushy.
Unlike HUM who announced they taking 100 million dollar debt to keep the lights on. Good luck with that one... bahaha
JLP are CASH POSITIVE.
In this current market I won't be surprised we see another big dump.
But will be a good time to buy on the drop as the next results should be significantly better as copper production doubles.
I wonder who will be at the Investor call..?
Maybe we will be graced with Ollie presence along with Neal and Ricus..
I really hope Leon can give us good news on the new 600 000t chrome plant. This would really help kick start this share price and give us some momentum. As he said it would almost double our current revenue...
Very excited for tomorrow... feels like Christmas eve.. hope I get some sleep..
When is the 500t copper pilot test (commercial) facility meant to be complete? Was end of October?
Alot of information should be released in the financials. Market doesn't seem think it will be anything spectacular.
My hope is that the new Chrome deal has been signed off and the Roan front end is almost completed as per the timeline Leon gave us.
Will be a very very interesting read if anything else.
As I said you useless at picking shares.
You told us all to buy Sibanye and HUM and if anyone would be stupid enough to follow your "historic" advice they would be down 50% and probably going much lower. Hum is going into deep water by taking out 100 mil debt especially in a high interest rate environment.
You really do like to live in the past. No wonder you useless at picking shares like Sibanye and HUM..
You must be deep in the red.