Member Info for Kalan

No Aubree you are not reading it right at all - there was no celebration so. It was merely a comment on the good work the market makers do to make a market and to make themselves a profit.

10 million sell at .47p and they have managed to offload them to the punters at .49p to .52p - not bad work at all - got to hand it to them. They are good at their jobs.

We seem to have a discussion board actually discussing JLP - about time - an optimist, a cynic, a figure projector and someone just pleased to be away from those just slagging off everything the company does. lots of sound knowledge - all posts contributing to our shared understanding - maybe we are at a new dawn here. As for the sp - profits are what will grab the attention, that and a deal or two with the major players.

Hi edzi - I think the poor sp is a cumulative position. Firstly - the 'crowd' appeared here in anticipation of the Tjate licence and then subsequently left. late arrivers paid too much and the sp had to fall as the profit takers took profits (me included) and the disgruntled cut their losses.
The board didn't help when they issued shares to buy Platcro - this really upset holders as they thought we could use the $50 million agreed loan facility - we didn't know that the facility was for development of projects, not purchase.
Hernic was slow to meet target production and we even wrote off achieving the magical 2500 ounces per month promised by Leon.
DCM set off ok but then they brought 3rd party material in which caused setbacks not more profits as promised. they then changed tack to do the fine chrome recovery and stockpiled the pgms in the slurry which is not what we were expecting.
Next we had Kabwe - which looked great and then turned sour due to the BMR licence debacle almost immediately. The weight of all of the above has dragged the sp down and undermined faith in the company.

Right now the sp has Kabwe down as a disaster, which it isn't. Also DCM costing instead of producing profits (which will change in the next month or two), Hernic not producing to expected levels, which is now not true. Patco is still seen as a negative due to the dilution but it's about to reap the rewards that Colin bird said justified the placement.
The price of platinum and the diesel care debacle also acts as a weight on the sp despite us receiving double the expected price for palladium and treble the amount for Rhodium.
All in all the bad news is priced in even though most of it has been turned around and good news is starting to flow - those burnt will be wary of returning but they will return and the crowd will arrive with their profits from FRR (hopefully) - buy when others are fearful as Franklin Templeton said - sell when others get greedy - hopefully around 9p. My average is just above 3p now so I for one didn't get my re-investment timing right here.

Got to say that this is a stellar performance by Leon and the team - once again they prove that they can extract large amounts of usable metals from a pile of s(crap). 2500 ounces looked like a target too far but they have done it again. Gives us confidence for the fine chrome circuit and also for Kabwe design and Platcro figures (albeit at Northam's plant).

Got some free cash from selling FRR at .53p - hoping to get them back at .48p. But tempted to buy more here instead (or SAVP or WRES) - markets still look shaky but the opportunities look great. A good uSA China deal would be beneficial at the moment.

Ever the optimist regarding JLP Jammer - your post makes sound sense- the timings and profitability are as you say a moveable feast. Short term we should see the fine chrome circuit at DCM this month and we could get follow up orders or MOU from bigger players over the next six to 12 months if all goes well. Next quarter should see increased income at Hernic for Oct and Nov with Dec shutdown for maintenance denting the figures a little. 2nd quarter figures 2019 will include DCM chrome production plus fines recovery plus Hernic plus Platcro. May get some Kabwe income in Q2 - Q3 if the refinery mentioned in the last rns comes to fruition to fast track zinc.
With the above in mind I am a little more optimistic than your assessment Jammer - time will tell.

Obviously not applicable at the moment as we have no PROFITS.
The market cap is about £27 million (yep - for Hernic 2 million per quarter, DCM fine chrome and platinum due soon but currently costing .15 million per quarter, Kabwe resources, platcro resources, Tjate mine area with licence, evolved conroast knowledge which has majors looking at the fine chrome recovery with deals possible).

I digress - market cap £27 million - SLP (most similar company but in production everywhere and making profits) has a p/e of about 7.

Looking forward about 12 months or so the current p/e of SLP would indicate that JLP are going to make about £4 million per annum i.e. £1 million per quarter.
The only way the current sp makes sense is if Hernic chrome and pgms + DCM chrome, fine chrome and pgms + platcro income from Northam JV in pgms + kabwe Zinc, lead and Vanadium all produce profits below one million per quarter.
Caveat some may still not invest because they fear a global crash but this applies to all shares and some may not invest because they think the projects will never come to fruition.
Almost debt free, a debt facility of $50 million available to help develop projects and 4 projects to share overheads + Leon Croetzer who is the industry leader in this field. Having a word with the missus about going in even deeper here - 9p target (that's not minus 9p lol it's a hyphen).

Agreed JRjnr - very close to a break out - the close of play today will tell all. Quite relaxed about it all - the break out will come at some time and there is strong support at .38p with very strong support at .35p so any pullback will be a good top up opportunity if it doesn't manage to break out - interesting times.

Looks like it is settling into the .37 to .45 range for the short term.MMs tried it on at .45p ask but the punters are having none of it - with quite a wait until further news we could see a sideways pattern emerge for the next month or two. Over to the traders - time to get some pre-Christmas decorating done methinks.

Deal will be completed - probably in January - on much better terms than initially expected - wait longer for a better deal- excellent idea if you are building a large company which will be worth multiples of todays stock market price - not so good for the short termers who want a quick share price boost and out - Knott isn't running this company for the short termers.
Hold and add IMO - deal in January rather than December - so what - chillax.

Buy hydrogen cars to boost platinum demand which gives Tjate a value and produces quadruple profits from our platinum projects or wait for Leon to bring all the projects on line, especially Kabwe and MAKE A PROFIT.
That should get institutions interested.

platinum appears to have responded to the news.

Yes always been a bit over enthusiastic where JLP is concerned. You never know - hydrogen cars everywhere could just about do it. lol.

Only got 4 shares at the moment Trojan. WRES is another one of the 4.

Listened to the bit about Kabwe Zinc circuit twice - Leon said that the team had completed the development. Maybe he means design when he says development - not sure. Whatever - in 4 months time we may have Zinc being refined.
Also fine chrome recovery in that time span with majors in the industry awaiting the results. Also Platcro material being processed at Northam in the same time frame.
Permission to extract pgms at DCM may also come (Leon hoping it's before Christmas).

Can we hope for $12000 per ounce platinum too? That would double profit at Hernic.
Going to add more eggs to my basket as money allows and sales of other shares frees up cash.

100% agree with Bluebelly - especially the 12 to 24 months time frame - could make a quick buck in 3 to 6 months but the 9p aprox target I have in mind will probably take a year or two.

All as expected with the following bonuses:
1. Hernic has increased earnings despite a fall in the price of pgms during the period - this is due to a cost of $311 per ounce - fabulous result.
2. The chrome circuit is costing more than the income from DCM but not much more and it is expected to add significantly to future profits (after the next quarter).
3. Companies are lining up for JLP expertise in accessing historic dumps and also to recover more ounces from current production. We should see a raft of agreements next year as the fine recovery circuit is proven.
4. No hiccups at Platcro - all on track.
5. Kabwe progress moved forward in one, possibly two leaps. first the pre-treatment of waste using lessons learnt from Hdernic and DCM which will massively increase recovery rates and also reduce the need to spend on acid. Also the potential refinery option close by which would only take 4 months to convert to Kabwe feed - this will fast track production of Nickel if it comes off.
The only thing that could have been better IMO is the actual announcement of a new deal - this should come soon. Topped up with a very small purchase at 2.3p - lack of funds prohibits me buying more at the moment.

Great minds think alike Bluebelly - I too took a look at past RNS announcements today. I noticed that the operational updates had no upward effect on the share price over the past year but any positive news on BMR moved the sp up immediately.
From this I take it that punters seem to agree that the platinum and chrome producing assets are not transformational for the company but that BMR is. Hernic and DCM paying the bills but BMR needed to turn a profit.
Ops update due this Friday / early next week - hoping for a Leon interview to follow the results with BMR PROGRESS update to get folks excited. Contemplating a small share purchase in advance of Friday - chart says it might be about to turn but no evidence to confirm my instinct due tol lack of volume.

Like it Daniel1son - if Carlsberg did RNSs I would have all that you said plus a third deal:
British Oxygen Company do a deal with FRR to capture the hot air emitted by it's 'supporters' and use it to heat 4.6 million homes in the UK.