Member Info for Kalan

No news, shares suspended, investors in the dark. Some other investors tell us news that may or may not be true, we can't buy or sell shares. Yep business as usual.
On a positive note, the community work and safety aspects are going great guns. Zero injuries (probably due to nothing happening), The mother and baby scheme is going well - only two teddies thrown out of the cot. Every cloud has a silver lining. The forward plan - pay someone £20 million to put the teddies back in the cot but then renege on the payment. That should fit in nicely with past performance. Unfortunately the teddies are not both Majors, one is a corporal. Carry on ZZZZaZZZZ in you we trust.

Might be bigsmoke as he appears to have done a volte face on this share in the past 2 weeks.
The latest two RNS' look more positive - VOG could survive with some raising of cash and the possibility of getting a further power plant on line - the power company has played a blinder in getting VOG to slash it's prices - a pity VOG holders have suffered for it.

Unfortunately I think you are right Sanibel to write it off - you never know there could be a nice surprise at some time in the future but with massive debt and making a loss on production there doesn't seem much hope here unless the geology or diamond market throws up a huge surprise.

well spotted bobbill - no those earnings are not included so that's another £1.2 million per quarter minimum - giving close to £5.5 million per quarter project earnings from March /April.
Accept what you are saying Jonah - I calculated a few weeks back that Hernic has about 7.5 years on full throttle left. also we do not have a clear view of the contracts or the overheads - I do believe that when the figures do land on the bottom line it will make the doubters sit up and take notice.
Bluebelly - yes the development of Kabwe is the second stage of the game changing and the quicker the better - we do have a $50 million loan facility at our disposal. I would not be upset at a steadier investment at Kabwe as funds rise if there are some nasty little parts to the loan agreement which would come back to haunt us.

Hernic was £2.17 million for the last quarter with some shutdown. so £700,000 per month so we may expect about £800,000 in March.
DCM lost £123,000 last quarter. Previously it made around £400,000 for the quarter. Now we have a return to production plus the fine chrome which, shall we say gives us potentially £600000 per quarter or £200,000 in March.

Platcro is currently costing us money in dewatering and transportation - guess £150,000 per month. By March we should be in production and ramping up - the ounces will be close to Hernic but probably not as profitable - if it's half as good then we get £400,000 in March or shortly thereafter.

Summary:

NOW - £700,000 in (Hernic) - £40,000 out (DCM) - £150,000 out (Platcro) giving operations income 0f £510,000 per month very approx.

MARCH - £800,000 in (Hernic) +£200,000 (DCM) + £400,000 (Platcro) giving operations income of £1,400,000 per month in March.

Quarter 2 we are looking at over £4 million income from operations instead of about £1.5 million currently.

Of course these are just guesses and we don't know the current and projected overheads and the capital spend on Kabwe but if JLP deliver the above figures with Kabwe, DCM platinum and further projects to be announced plus roll out of fine chrome to our and other's operations then I think volume and sentiment will change quite quickly - it's all down to trust in Leon to deliver - got a good recent track record on that.

Have been studying the charts of my shares this morning Bluebelly and I would describe JLP as nicely poised.
The 20 50 and 200 day MA are all close now. This is after a protracted downtrend which indicates to me that the situation is changing and the downtrend is over or about to end.
The rate of change has diminished to zero IMO which also indicates that we are at the bottom of the curve. Technical analysis tools are a bit weak and show we could be turning upwards or flatlining.
Overall my take from the charts is that we have fallen for quite a while and that fall is now over but not confirmed by higher highs and higher lows. From here we could go sideways or upwards and that should provide support for the share price, indeed the mm's have moved the base trading position up over the last week or so - they are also reading the charts to gauge sentiment.
We appear to be in one of those positions where chartists and non chartists can agree - there is little volume and therefore little interest in JLP at the moment - we will tread water until interest is sparked and sentiment becomes positive - a positive broker note following movement on Kabwe or a doubling of income in the next quarter or two will do it. Based on fundamentals and the charts, now seems to be a really good time to be accumulating jlp shares and not a time for selling. Other, more capable, analysis is available. Note : a close above 2.75p is needed to confirm that the next phase is upwards IMO and a finish above 3.07p lights the blue touch paper.

Hernic produced more ounces from less throughput - should be maintenance in January but maybe little reduction in production ala Q4. Also DCM still costing us money last quarter and that should turn around in Q1 with income from chrome and fine chrome with more pgm rich slurry put in stock. Platcro build up should begin in Feb with revenue starting in March? Also major's start to look at the operating fine chrome production plant and figures. KABWE progress.
Looking ahead to Q2 - Hernic should break records again with no disruptions.
- DCM cash positive for the whole period and record production including fine chrome.
- Platcro income for the whole of the period.
- Fine chrome at Platcro and Hernic - plans?
- Fine chrome plant deals with majors?
- DCM PGM plan revealed?
- Kabwe build underway and even complete in Q2?
- Other projects revealed in other locations as per presentation?
We have some Jam from Q4 - more Jam as we speak from DCM - even more Jam in Q1 with Platcro start up - Jam Butty mine by end of Q2. Jam tomorrow turning into Jam today - hold and add.

Very pleased with update and timing of it. Getting all aspects of house in order. Fine chrome must be going well as it is already stated that it's being added to other operations. Next few months should see partnerships with majors. Well done Leon and teams.

Agree just leave.
Gove speech was spot on but agree with Hartlepool as he's positioning for leadership. He was hated by teachers but his reforms were brilliant. Not liked but good will do. Corbyn is hopeless. Being controlled by Keir Stamer and the vile MacDonald.
#notvotingagain.

More like 13th hour is the FRR way.
Run out of money then try to stitch it back together after the event.

Whole of parliament a disgrace. Flouting democracy.
#notvotingagain

Cautiously realistic as usual Weeble. Good to see you still interested here.

apologies mcmac - just read your post - I think you could be right.

Thanks for sharing that Jonah - sorry but my brain is a bit mashed at the moment - bad cold etc - said C2 when I meant UG2.
Based on your article at a quick glance tailings PGMs may be approx. 25% palladium. 50% platinum and 25% others.
Just focussing on platinum and palladium prices, palladium is 1.5x the value of platinum per ounce which gives a relative value of palladium of about 38% of the total income -maybe Leon was referring to palladium being 40% of the revenue, not 40% of the ounces - not had chance to look back at interviews yet.
Apologies for extremely rough and ready calculations.

Work on 60% platinum, 32% Palladian and 8% for the other 4 minerals myself. The % very in different locations. In the Bushveld the 2 limbs of the main deposit are quite different in composition. The Merensky reef has lower Palladium than the C2 reef. C2 HAS higher Chrome content and up to 40% of pgms are Palladian. Chrome has always been a problem. Hence Conroast development. JLP are unique in having the expertise to extract chrome pgms and now fine chrome. Industry leader but not yet in terms of income. Getting closer.

Sentiment moves the sp. Sentiment is influenced by share history, general market conditions, rumours, news and the chart itself. Market makers look at the chart. They see the bottom. Support line and will drop the sp to it as they know buyers are waiting for it to happen. That's what's happening now. Totally predictable - chill, the sentiment is about to turn and a break above geng's flag will mean z big move up. Nicely poised. It's top up or entry time IMO.

It would Somoskier and it would be warranted IMO - let's see what happens - Leon may well give an interview afterwards which always reassures me.

At the current rate the shares should clear in about 10 weeks but may accelerate on greater volume as others have said. IF the shares are being absorbed by various buyers, PI's and ii's then this will have a dampening affect on the sp as new buyers won't push up the share price. In this case we may have lots of good news which brings about increased volume but a limited upside to the sp. When the shares are cleared then the brakes come off and we may see a re-rate based on no new news at the time.
It's all part of the problem of being in AIM - good news does not always mean a rise in share price and no news can mean a significant move up - it seems mysterious but it's just that we are not party to the actions of other, much bigger players in the game.
Thanks to moneyhawk and staycalm for keeping the figures updated - it might just indicate when a re-rate might begin. Not de-ramping - I am fully invested here - just trying to add to the conversation without my JLP rose tinted glasses on.

Only been in FRR for 18 months - bought and sold 16 times in that time - openly and honestly said so - openly and honestly said that I was trading this awful company because so many 'investors' were hooked that it made trading easy. Never hidden it at all. But never ever shorted.
I made one mistake - I gambled some money that FRR would finally come good - a binary 50-50 bet and now it looks like a 80-20 bet in favour of losing.
Still such bets sometimes come in - let's hope it does for all those poor punters who have been misled here for years and years by the positive posters and the board of directors. GLA but don't spread false information about people who are posting a honestly held opinion which just happens to be different from yours.
Over and out - read ToT's stuff - a well respected poster - it will provide succour.

Have you ever met me? Have I ever conversed with you? How come you claim to know so much about me?
Here is a fact -
I HAVE NEVER SHORTED A SHARE IN MY LIFE. So I would appreciate it if you would stop making things up about me. My post was to Rainbow Warrior I dictating that I thought he was in the right ball park in selling at .8p if he ever gets the chance again. How on earth can you think I am talking the share down. The share is suspended. P.s. anyone care to explain why the Nomad quit the scene? I obviously need to be enlightened.