Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
The long term prospects are excellent. the medium term should see JLP turn truly cash flow positive. The short term continues to be problematic. I and others have flagged up everything that has happened in advance of it happening. Looking at JLP through a clear lens allows you to read between the lines, focus on the unsaid. Serious question - when will Roan be fully up and running to nameplate. Not the end of March (that was never promised - just start up), not the end of April (this was promised but surely we all knew the electrical components weren't going to magic out of thin air). So when will it be (no date promised this time) - best estimates please. We'll leave will it work to another time.
"Don't be so hard on yourself Kalan"
Nice one Busby - I know when I'm beaten - knocking the king over as I type.
No reason at all Dorfan - as you've said before - it's all about time frame - LTHs hold. New investors wait for proof or speculatively buy - everyone has a choice.
Excellent thought provoking points Gray1 - really stimulated the arguments. Even got Mikie to say that cash flow is limited.
Folks are always wondering why the share is undervalued, Gray1 proposed several reasons in his well thought through posts. The short term obstacles infuriatingly get in the way of the medium to long term rewards - been like it for a few months now. One day rodders.
IMO the sp has settled after the flurry of investment on readmission and the pull back is bottoming. The charts are a bit unreliable after just a few days trading but Ive gone ahead and added to get my aversge down to just over 29p. Thinking of getting a few more next week.
Excellent description dinlo1. Some of our fans not happy at the appointment but ticket sales for Saturdays match are soaring after the announcement - the blokes got something but I wouldn't want to catch it lol.
LUFC - the bloke with a season ticket next to me travels up from Woking, he has a season ticket but doesn't always get up because of the trains. He's seen us win once this season but he's buying a season ticket for next season - he'd make a good JLP investor, optimistic to the last!
For Jonah:
dead cat bounce
[dead cat bounce]
noun
stock market
a temporary recovery in share prices after a substantial fall, caused by speculators buying in order to cover their positions:
9.2% fall in a minute followed by a 3.3% recovery of that loss. Arguable?
It's interesting isn't it that we have a ceasfire for Ramadan, no revenge at passover. It's really nice until you reallise that religion is temporarily bringing relative peace in yet another war caused by religious differences. If religion were a bully it would steal the kids lollipop and then let the kid have a lick to make itself feel better.
Was just thinking the same Frogkid - wish I lived in Mikie's world the glass is not half full- it's up to the top and overflowing. Lol.
On a short term here and now point - a few big sells and buys churning the shares - ship jumpers v bargain hunters. Today's dead cat managed it's little bounce to boot for all the cliche lovers out there.
End of 2022 425 million revenue and share price at 80p.
On Charlie's figures repeated over a whole year we get 550 to 600 million revenue and a share price of 26p.
Add in the gas. ok other things have changed but the investment story is becoming compelling - just need to be cash positive IMO.
23rd January RNS:Roan copper concentrator was brought back into operation during December 2023 to reduce the impact of the front-end upgrade project start-up being postponed due to the delay in the delivery of a critical electrical components due to the ongoing logistics constraints at ports across South Africa.
ยท Roan will continue to operate at approximately 50% of full capacity while an alternative solution is being pursued to source the electrical components which includes the option to locally manufacture the components. A 9 weeks delay is expected to the upgrade of the Roan project."
23rd January + 9 weeks takes us to the end of March.
Now Leon is saying end of May which is 21 weeks later than first announced.
The 8th February RNS which said that final testing was underway and it all needed to be shipped and painted was taken by most at face value as confirmation that end of March or at latest full production by end of April was assured.
After 15 years of JLP investment - the lack of any mention of the electrics or that a solution had been found was like Leon screaming out of the RNS that it hadn't been sorted.
Hopefully this is another blip on a very blippy road to copper heaven. Anybody thought what the sp might be if JLP had banked cash from the PGM bonanza and just invested in chrome (a bit like SLP, although they are belatedly moving to chrome I am told). Could be at 15p now - maybe not the potential for 30p and 50p as some hope but it would have been jam today.
Just musing - we all expect delays in mining and proxi mining and engineering so we should all take this in our stride and look to the end game as long as your time frame isn't short.