Member Info for Justone

I would recommend investors watching, very positive indeed. ‘Current market cap equal to cash by end of year’ says Karl. Plenty of upside on Sandfire share price and giving 5% yield. Wow what is not to like. I think they will be talking to MTR about doing a deal, they want more of the Botswana copper belt. At some stage our share price will rerate, we can relax just a matter of time.

I like the fact that they have only drilled 5% of their licence, and have only gone down 3 meters, when they know the sands go a lot deeper. This should do very well once the licence is received. The share price is just wow full given the value of the assets in the ground. A bit of patience is required which the market does not have, hence the decline!

Mr market thinks it is a gamble, but always goes to extreme’s greed and fear. Hopefully after that interview the fear will subside and we will swing the other way. I would like to think this share could be a pension maker! High added value, low cost, appreciating prices, and near limitless supply of sands, it will see my children out!

Well I couldn’t resist adding another 5k. 950k for me now, on a gamble of getting approval. The market is impatient, and we could drop further, but for me the value screams out as is. This will bag IMO.

Well on the strength of that I have put another £6200 in. Just a matter of being patient.

I have read every RNS for the last 10 years, and was a believer, trust in LC has now gone with my cash. Please excuse the LTH for being extremely cynical.

Sorry to be so negative, but we have all heard this before, fast tracked etc. KAT,MAST,KIBO no revenue/value has ever been generated by LC, so another jam tomorrow RNS with zero detail. The market will not respond to this at all.

Well I think I win the booby prize 12,721,099 with an average of 2.67p, so I need to 10 bag to break even. I can remember when I was going to join the £1 party and broker notes were saying 15p. I have completely lost faith in LC, and paid for my lesson. The loss hurts, but it is the opportunity cost that hurts more.

Can’t even get £1900’s worth, terrible.

I am Spartacus, and also patient.

Any reasonable sized deal will take an age as a result of due diligence. So I would not be concerned, we have the assets, we just have to wait. PC will want to release details as soon as he can, as he knows frustration is building. We have waited years to have something that is saleable, a bit longer!

The drop goes against the potential with the new licences. I am sure we will find out soon enough. I would like to more company purchases, and a director buy ( after closed period and half year results). I also hope for a start of a dividend, and an interest in a buyout. We are at such a discount to NBV and with such potential for future profitability, somebody must be interested at this valuation.

If you believe in miracles, invest in either. If you believe that history repeats, don’t invest. The Kibo bulls have to admit that LC track record of shareholder value is the pits, that is the reality for all to see. The market currently does not believe kibo’s potential, simple. So we can all take our positions, and time will tell. I hold as I wait for a miracle, as I suffer from FOMO if I sold. I am never going to buy any more.

They must be out soon, just cant understand this drop.

I think that talks will be going on to sell the mine to the cement manufacturer, the Perlite being a valuable bi-product. So PC is less concerned with these trials. The Pozz is a must have for the cement manufacturer for the green narrative, the value of which goes beyond the value of the product. It might be an out and out sale or a royalty agreement. I await patiently, as I think it will be a big deal announcement requiring a lot of due diligence, hence the wait. All in my opinion.

Well it makes the divergence even worse if you want to look at it like that.

We can all see the logic behind the statement that the SP is undervalued, on paper it looks to be true. It has been like this for years, and the gap appears to be growing between asset value and SP. This is the same with KAT. MAST valuation has fallen since launch, and the valuation is based more on the sexy sector and on a promise. LC’s credibility based on share price performance is on the wane, the market speaks, the SP responds. I wait, but I now refuse to get excited about any RNS that comes out, been there too many times over the last 8 years. The story is great, pumped in 350k to my shame, I have paid dearly for my lesson of believing LC. The best comment was ‘the stars are now aligning’. Sorry to be negative.

They are delivering to plan, increasing revenues and profit going forward, yet the share price does not reflect this reality. I hope we get bought out, as worry that even if we started paying dividends, the market just does not like a Chinese based resource.

Well I can’t resist buying at these levels, after re-reading his statement. Look at the NBV on the balance sheet and the current valuation. With the current price of metals and a 30 year mine, we are way undervalued. I look forward to the half year results, and even some corporate action. We are ready for off, all ducks in line, yet Mr market thinks otherwise! Time will render a verdict, but in the meantime this is now my biggest holding.

PC has already said that they are having talks across all of our main assets, that is sufficient. If he was to give any further information, he could be accused of titillating the share price with updates. To do deals nowadays take an age, I am happy to let our assets do the talking. We just have to be patient and trust that PC will do the best for the shareholders. I am sure he is very aware of the share price history, and has a lot of personal capital invested.