Member Info for Jonah58

Note that the court case was deferred until 22nd May 2020. Tomorrow! Probably won't hppoen now.

Sumo; the cynic in me wonders whether yesterdays spike was in some way influenced by the logging of the RNS. Over the last three days, the sp has, in fact, risen.

MH. At the current basket price, I agree that transporting the DCM tailings elsewhere looks dodgy financially. But remember, we are transporting material to Northam. It is, of course, much nearer, but I calculated that the extra driver's time and fuel for the DCM tailings might have been worth it at the basket price four months ago. We now also have autonomy over what we feed at Inyoni. The concentrated material at DCM should contain more PGM by weight than the stuff we are shipping to Northam, too. So maybe we will shift the stuff over eventually.

To be honest, I'm quite pleased with this news. Puts some of my concerns about DCM to rest.

Very good discussion today. Thanks to everyone. LC has made it clear in the past that the copper and zinc circuits have much in common and the plan has been, for some time, to switch from one to the other in line with commodity prices. My bet is that the zinc circuit is almost complete, though still waiting for some components held up at the border.

Like everyone else here, I would love to see some of the heap of tailings processed at Kabwe. I do believe LC is aware of the PR situation and I strongly believe we will see some progress on this in H2.

Thanks TT. I'll sell a few hundred thousand WRES shares. Should pay for the video with enough left over for a glass of Angolan Chardonnay.
Copper does seem to be the main impetus. Prices have held up pretty well and are improving.

TT. Can you post a link to the conference, suitably doctored so it doesn't get 'asterixed' out. Many thanks.

MM. I may be wrong, but I think the reason we have not yet processed 1 gram of the Kabwe tailings is that our processor has not been built yet. From what I gather, they started building it, but the low zinc and vanadium prices reduced the impetus to push forward at full speed, and the inability to move crucial material across borders due to the Covid situation also came into play. I am not convinced it has anything to do with sourcing high grade material. If zinc prices recover, and I don't see that happening in the near future, the JLP and GLR will certainly be symbiotic.

hi-jinks on GLR right now!

Welloil. Your point is well made. I do, however, recall that part of the stimulus measures after the last crash was an investment in infrastructure projects. Should the Chinese government go down this path, and others follow, we might see a renewed demand for metals, particularly chrome, copper and vanadium. Just a thought. As ever, probably unduly optimistic.

This site is a hive of glitches. Look at the date of the trades.

Hi Speedie. Understand your gloom and the Brompton advice. I suspect a vaccine will only be part of the solution. I strongly suspect research will also focus on identifying the factors that lead to the catastrophic cytokine release and multi-organ failure in some (just a few) individuals and not in others with the aim of developing strategies to minimise and attenuate this. This approach would lead to us signing a truce with the virus rather than trying to eliminate it, which will be far too costly on many levels.
If I am right, then in the future the question 'what did he die of?' will elicit the response, 'he died of Covid pneumonia' in much the same way as we might say he died of cancer or a heart attack or a road accident. Vaccines, improved therapies and strategies and appropriate management of high risk individuals should ensure that we don't have to say this too often. I remain optimistic, despite being 72 with an underlying lung problem.

Sam John calling for AGM to be conducted ASAP by telephone link and Chapman to be appointed non-executive director.

Following this discussion with interest (purely academic, as I currently have no spare money to invest or risk.) I do note, however, that some professional wealth managers are now moving clients money from defensive securities (bonds etc) into FTSE and Dow tracker funds. Only time will tell, of course, but it's these people's full time job to get it right.

I'm out too. What a relief!

Robin Hoods Right Hand Wall direct, with Hardings finish, was the last decent rock climb I did nearly thirty years ago. You can still see the tooth marks on the rock! When I somehow got to the top, I found I had not tied my belay knot correctly, so that was it. The guy who was leading that day died two years later on K2.
Sorry for the 'off topic'. I too picked up a few JLP this morning for 2p. You can call me an idiot, and you probably won't be too wide of the mark.

I, for one, am looking forward to the interims, whenever they come out. You called it right Kalan, and I am now mainly in cash. I have come to accept that I will not live long enough to reap the profits of my investments, but I think my wife and kids will.
These things make you reconsider your priorities, and I count myself immensely lucky and pretty happy despite the carnage of my savings. Geat day yesterday walking on Stanage edge (2 metres away from others). Nice meal planned for this evening. Friends and relatives in Greece, Spain, France and Italy all well and positive.

Platinum may have bottomed. Ditto Rhodium. Palladium holding. JLP with its low unit cost and small workforce is well placed to survive. The majors will take a bigger hit.

Increases in Covid cases and deaths make wretched reading, but the scale is linear, not logarithmic. There will be further peaks in China and Korea and Russia is yet to be hit, but we are learning fast.

For these reasons I am earmarking a modest sum to trade once the new ISA season starts in April. Looking at a few pharmas.

Enjoy the better weather everyone. When our Covid death toll is five times its current value, it will equal deaths on the road (in people without preceding health problems) for 2019. Stay safe and walk.

BB, I don't dispute your figures, and they are going to get worse. What I see now, though, is the prospect of more sophisticated testing, better prediction of those cases which are going to be serious, and more sophisticated therapeutic interventions all of which is going to improve outcome and sentiment long before we get a safe vaccine.

We also need to consider other countries than those worse hit. Singapore 335 cases, no deaths. Low mortality in Germany and Belgium. Quick effective turn round in S Korea. We can learn from these places and look to the future. Just my take on things.

I'm 71 and am now off to some remote spot to do a bit of bird watching before my 10 year old kid comes home from school for God knows how long.

Hope you're wrong, BB! I averaged down at opening this morning. I'm a useless trader, but know a bit about immunology. I see the beginnings of good scientific progress here. There will be no immediate effect on the terrible figures, but I am bargaining on a renewed sense of optimism. Sentiment means so much.
Having said all that, my history of timing leaves no room fro complacency!

Best wishes everyone with your strategies.

JLP just Tweeted an interesting article about the potential for zinc batteries as storage facilities for solar/wind power.

https://www.bloomberg.com/news/articles/2020-03-06/meet-zinc-the-cheap-metal-gunning-for-lithium-s-battery-crown

Good to see a forward looking attitude.

Lots of very good points being made here. I was under the impression that we have already started work on the fine chrome plant at Windsor and, possibly, at Inyoni too. In any event, I suppose they could be put on hold if that is correct.

Taking a longer term view, the fine chrome process may yet lead us into strategic partnerships. It is something innovative. I was very interested in Leon's comment about fine copper as well. Demand for copper is only going to rise. I really like the flexibility JLP now has to respond to market conditions.

The market in commodities follows China, and China is well on the way recovery from the virus and the attendant, media induced, mass hysteria. I see the recent price movement as a set back, but there are lots of positives.