Member Info for Kalan

Harmprof - you are right they should not waste money on a copper prediction for this year. They should have just said it in today's update. They chose not to - it was a decision not to. They have brought back the share issuance repackaged which they dropped and don't want too much decent whilst they get their way.

I don't think Colin and Leon will change and trading the volatility is my plan. If I get stuck whilst trading then I want the possibility of the share price rising over time, easier to trade that way too. JLP ticks the boxes for me, but restricting my holding due to the whole raft of uncertainties.

At some point all of these posts will be forgotten - drilling results or some other news will move the sp up and rampers will emerge drowning out the nay sayers and then I'll take my profits (hopefully), say so and get berated. And repeat (hopefully). Would love to hold and let it grow - history shows that has been a fools game that we have all been involved in.

Come on drilling, come on Molefe, come on Sable.

Ah I remember the days of come on Roan, come on fine chrome, come on pgms, come on Middleberg, come on Tjate, come on Eileen.

Three things Junior - yes this time it could be different.

- the repeated pattern as described by Chatmandu has been going on for 20 years.

- - finish on a positive - yes the JV appears to be going well - Colin had a lorry with a drill rig on the back - hey up mate - can you drill us some holes, yes says Colin but I need my usual pound of flesh. No problem, when can you start - oh straight away. Excellent - what shall we tell the punters - the usual says Colin - as little as possible but enough to keep them dangling. Righto says Leon - now where else can I raise some money?

I agree with everything you have said Junior.

If I may paraphrase: LWP is there, Roan is a supporting act, Molefe etc is why we continue to hold shares despite an appalling track record on copper delivery.

Have any of you actually read the update.

I own half a million shares. I want the share price to go up.

The update is appalling and I don't need idiotic AI (sorry Foresthome) to tell me.

No Roan is not going to produce 5,600 tonnes per annum.

No they are not using the expensive front end - white elephant and that means the LWR project may be dead in the water (literally) as it is based on Roan front end. The targeted throughput is now 30,000 t (not 40,000 t)of throughput which costs dilution and has increasing overheads for dewatering, fuel and chemicals. If it wasn't for the rise in copper selling price they may as well have shut Roan down.

We are 4 weeks from the end of the year and they can't predict copper annual production - or dare not tell us before voting is complete.

On the plus side - the de-watering appears to have a good chance of working and recovery rates should improve over time. They need to get feed rates up at the same time whilst we are still in the dry season.

Roan is not the game changer we were prommissed, the LWP looks like a waste (literally).

The only game in town is drilling, proving up, JORC, mine expansion, upgrade transport route to Sable making it weather proof as far as possible and finally start delivering high grade copper material mined at Molefe in more than table spoonfulls - there that's my cold rage - of course the market hates the upgrade.

Somebody needs his nappy changing.

Reduced mine supply forcast by 350 000 tonnes.

They haven't accountef for JLP production, so that should br 347 000 tonnes.🤣

Toying with $14,000.

Americans getting loaded up before tarifs?

Correct lootagloot.

Agree with all you've posted Junior. I follow it all and travel in hope. It's not made folks money in the past but good luck. If my trades get stuck in an ever rising share price situation. Iwill be quite happy.

The trouble is Junior. Those that have been around a lot longer yhan 12 months or so have been repeatedly hoodwinked by JLP management. CB, LC.

Your fresh eyes see a mining company getting and using capital to advance copper assets and production through Sable.

More experienced eyes see the latest oportunistic rebrand by people who have consistently diluted, exagerated and dare I say betrayed investors numerous times over 20 plus years.

My take - in the last 6 months the company continues to hold out hope to invedtors such ss share buy backs, dividends, increasdd copper production, partnerships soon, no more dilution. They sre totslly untrustworthy.

I hold shares now because they erre available at 2.8p and on any good news 3.5p is easy and if pumped and dumped again it could be 5p again. On one or both of these numbers being reached I will sell and hope to repeat.

To make money out of JLP I have been far more successful when ignoring the company and foccussing on investor sentiment through this bb and the charts.

Oh and GLR. I traded that some years ago now and first encountered the vitriol of gotreal. Colin Bird was saying they had zinc lying on the surface. They'd just scoop it up in a bucket or two and truck it to JLP facilities for huge profits. The share price yoyoed between .4p and .9p.

What's glr share price now. What happened to the bonanza. Ah but they did get away a couple of dilutative placements for development and general company purposes. I.e. Colin's wages.

Lots of news due on JLP. The pumpets are at hsnd, just need a really good lie or even a bit of positive news. GLA.

Spot on post 4everlong. The always positive crew cost people money. Always read both sides. Do your own resesrch and personally I like to time buys and sells using charts and indicators.

Ignore the bad tempered nasty ones - obviously deep under water.

Spot on post 4everlong. The always positive crew cost people money. Always read both sides. Do your own resesrch and personally I like to time buys and sells using charts and indicators.

Ignore the bad tempered nasty ones - obviously deep under water.

I believe Sirboring may be correct on the assets purchased. Material with 0.7% content was thought good enough for Roan to monetize into profit, now we are purchasing material at 1.6% to keep Roan going. The Large Waste Project would be based on Roan front end - years of potential partnerships - nothing - is it the case that no-one is interested after doing due diligence? Well we sold some to a third party so it must be viable. No news, no results, no follow up partnership, no further sale to raise cash for molefe expansion.

Sable - upgrade should have been finished months ago - where are we at?

It needs to be firing on all cylinders and Molefe feed needs to be ramped up quickly if we are going to reach break even.

All of this is beginning to look like the past.

The future - proving up more copper reserves, to package this as a reasonably sized copper resource (not Tier 1 - please don't go there again) and processing some copper with what we've got, Roan and Sable with the addition of new units to concentrate and sell on. Other miners may wish to purchase licence areas JLP proves up where they are adjacent to their mines or maybe buy up the whole kit and caboodle.

Waste scooped up off the ground and fed through Roan alongside Molefe etc to Sable to get us to 25,000 tonnes is dead in the water IMO.

Explore, drill results (thrilling), expand mined rates (yummy), develop one big and expanding pit (glorious), prove up larger area and new licence areas (future proofed), takeover rumours circulate, the Chinese will snap this up comments.

Buy when it's cheep and sell when it's overbought.

Chortle, gotreal finally looks in the mirror.

A) noone neds to shut up or get off this site on the sayso of the a.... hole that is gotreal

b) This benefits the investor because he gets shares and increases the opportunity of success as his money adds to the cash at hand. Also he gets his shares at a lower price than he would by buying in the market as the share price would inevitably rise as he bought. Win win, win.

c) This benefits the directors as they get cash and don't care about dilution or the share price. Also get the authority they wanted to dilute as they see fit.

d) This benefits existing shareholders as the company gains cash and a bit of cudos which may raise the standing of the company and hence the share price.

e) Most shareholders would have preferred the investor to buy 10 million quids worth of shares in the market, as a 10% buy order would have significantly raised the share price to our benefit.

Holding my shares, too many potential catalysts in the next six months for JLP to c..k them all up.

P.s. we have morphed again. From multi mineral from wsste, to one mineral from waste, to a explorer, miner and sometime processor of one mineral. Waste hasn't worked. Drill and mine and process and/ or sell proved up licence areas is the game now. Tjate 2 with added extras.

Market ok with it.

Definitely porkies told to get SA sale through.

Overall, it's JLP. Buy cheep, sell when overbought. Rinse and repeat. GLA.

They have answered your question Forestholme.

New investor. Dilution but more assets, potentially.

Copper is closer to $14,000 than $13,000 again. All to the good, whatever % of this we are getting goes up and down in tandem with the price. That part of the equation looking really good, how good is hard to tell due to the costs. What we do know on costs is that they get lower per tonne as the quantity produced rises.

Where are we at with production. Roan should now be benefitting from de-watering leading to fine recovery. Also the front end should be operating and being tweaked. Both of the above should by now be increasing % recovery of the 1.6% contained copper. In addition, feed to Roan should be on the way to a 33% increase. All of this should be producing more copper.

At Molefe, stripping of overburden and creation of 2 pits into one should be steaming ahead in dry conditions. Delivery of high grade material to sable should be on the increase in the dry conditions. The upgrade to Sable should be complete (?).

Altogether, the production should have increased significantly and the margin should be increasing due to economies of scale and the rising price of the product.

My thoughts are that the scepticism about the word 'should' and the persistent seller are holding back the share price. My charting says 3.5p is an easy target if JLP can show that they have enough copper production to cover operating costs. This means that the company is secure and can spend the S. Africa money on expansion not propping up the balance sheet. This is the fundamental part of the current situation IMO.

After that 5p is in range due to regular reports of increased production and progress on the various projects: drilling; Molefe mining; units becoming operable at Molefe; and dare we say LWP.

Prepared to risk losing up to 50% (probably only 30%) of my money on them failing to get to grips with all this before the rainy season starts and/or they run out of money, for the chance of a near term 25% rise followed by another 55% rise in the next 6 months.

I have lowered my exposure to JLP to 50% of my previous holding and the seller is doing the same. They might change their mind if they see big improvements in the coming weeks.

Only bet what you can afford to lose. It looks like a 50-50 bet to me where I stand to lose 30% or gain 80% in the next 6 months, that's odds of 3/8 in bookies terms. I'll take 8 to 3 on , come on Leon.

Update next week and guidance with 1 month left.

Anything else would be ridiculous.

We should have an rns soon Harmprof. Guidance for 2025/2026 year. No point them doing that at the end of June.