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I posted this early January 2024. Some of you were upset with me. But it was fairly obvious what's going on at Roan.
"RE: What's happening?4 Jan 2024 08:53
My take is that they assembled the new Modular in South Africa and realized they needed additional parts (for whatever reason) and are now waiting for delivery from China. This is why they gone quiet again and blamed it on logistics. We 3 months late and don't even know if the NEW Roan has left South Africa.
Oh well... I might get an opportunity to buy cheaper if Leon doesn't address the massive delay. Also he will have to announce a revised lower forecast if they don't het Roan up and running shortly."
Surely everything Large Cap pgm producer must be deep in the red at these prices.
Should getting some of these Large Cap producers quarterlys very soon.
Jubilee still in profit at these prices.
I think I might take a trip to Zambia and get my drone up in the air and find out what on earth is going on at Roan since we hear nothing from the boss man.
Even though we dropped 39% last year we already Down 10 percent this year and we only 3 weeks in...
Last we heard from Leon, Roan (front end) was still in SA and waiting to be transported to Zambia.
Are we to assume it's still stuck in the ports???
BTW Frog, Kevin reads these comments here... bahahaha
He mentioned it in the last Sunday Roast.
Yes Kevin a........
He said he's visiting Raon in March... he might want to postpone that trip to ZAMBIA until Roan is ACTUALLY COMMISSIONED.
What Leon could do is give a resolute timeline for this year.
At the moment things seem to change from month to month and even Kevin couldn't get a straight answer out of him. In fact Kevin was giving the timelines and Leon was been his usal self agreeing to everything he said. The fact is PI have no real idea how long all this is gonna take and neither does Leon it seems.
I wouldn't be surprised if the next RNS will be that guidance for copper will be lowered and blame it on the "ports".
We all know when there's silence it's not good here.
Jonah, I'm not asking you to believe me although it's retty damn obvious.
CPM group released a non biased 82 highly detailed page report stating exactly why platinum is not in a deficit but actually in a surplus which will continue.
Now if we keep getting pgm mine closures then this could change quickly imo.
It's a fact that The World Council of Platinum are sponsored by the large PGM producers.
Hence the outrageous and over exaggerated deficit numbers they report.
Thank goodness we moving into Copper!!
It's about time for an update on Roan??
Frog, wasn't it also the banks waiting for these results.
I think JLP fast tracked this by going to the Market?
Don't hold your breath waiting for those results.
1. Anyone care to guess what sort of results we should expect in regards to production in the last quarter?
I see in THA results the PGM basket slightly increased by 1 percent and looks like this quarter will also slightly increase and Chrome stayed strong!
2. I wonder when JLP will actually rerate to 10-12p? I'm hopeful by March we get an update that Roan 2 is commissioned and putting out results in line or even better than expected.
Any thoughts?
That's Bushys beloved HUM I'm talking about.
You right Frog, it will half to 5p then double back to 10p... but over 12 months imo.
What a mess
Also why doesn't Leon tell us more on Project M. I see alot on here playing guessing games again as to how we processing the material and it's not helping investors confidence.
Personally I'm expecting poor numbers for copper this quarter. When Leon's mentions nothing in terms of numbers, then expect bad news.
I speak from 12 +- years experience.
I still want to know how JLPs timeline for Roan(front end) went from October to November to December and now we approaching mid January and we all none the wiser (expect for fruitcake Gotreal who seems to always have the inside scoop but is always proven wrong..)
We still waiting for an update on the Modular that's meant to have been disassemble in SA put on a truck and sent to Zambia... 4 weeks now and zero news??
Leon was excited about keeping us informed but alas... the Jubilee Way is to keep everything top secret.
Yes Jonah, 10p is better.. ha.
I can't wait to see this share price rise constantly. If we are to get back to 22p by next year Jan we need to rise 20 percent evey month for the next 12 months.
At the moment we down for the year...
I feel if Leon can come out with a proper timeline for Roan (atleast) we should start to rise. Or atleast tell us construction has started at Roan.
The fact is JLP are late yet again on Roan and no one here has the foggiest.
Leon refuses to give an update on progress at Roan except for the bs we got 3 weeks ago about ports been hold up when the bulk of the modular will be transported by road not ship!!
The fact is that Roan should of been commissioned and ready to go end of December(ActuallyOctober). We have no clue what's going on and with that the share price will continue to drift lower and people on here will blame the pgm basket and my messages will keep getting deleted.
so if jlp current share price was 12p would berenberg have us as a sell?
it's all a load of horse****
My take is that they assembled the new Modular in South Africa and realized they needed additional parts (for whatever reason) and are now waiting for delivery from China. This is why they gone quiet again and blamed it on logistics. We 3 months late and don't even know if the NEW Roan has left South Africa.
Oh well... I might get an opportunity to buy cheaper if Leon doesn't address the massive delay. Also he will have to announce a revised lower forecast if they don't het Roan up and running shortly.
Copper
· Roll-out of copper expansion strategy in Zambia progressing ahead of schedule with all long lead items secured for Roan upgrade:
o Delivery of equipment and on-site assembly scheduled to commence in early September 2023.
o Commissioning remains on track to commence in October 2023.
Leon's timeliness are shocking and zero accountability.
As I keep saying I've learnt to add 6 months to anything Leon says.