Member Info for Kalan

Axial I can vouch for Frogboy and his previous incarnation as being a balanced poster, critical but optimistic.

In the last 6 months or so he has become frustrated IMO with the lack of progress and the sale of assets he saw built up over many years, he's not alone in that. All of this can lead us into being a little tetchy of late, who can blame us. However, hope springs eternal. the charts are turning and surely positive progress is being made now in the dry season, with de-watering, with mine extension and overburden removal, with Roan front end ramp up, with material being delivered to Molefe, with drilling results being analysed. Relax, buy on dips and hope they are managing the spend v income.

Exeter - Slater fell below 11% to 10.99% not so long ago and notified at the time. An rns was issued.

If he falls below10% he would need to follow the same procedure.

There are others who have sold down their holding in the last 12 months and they are bound by the same rules.

Frogboy - I believe your 'metaltrade' observation is pertinent. Shhh keep quiet.

Well said Shuvlin, takes a man to apologise (even if it was a bit starmeresque).

Calling out manipulators is your bag go for it but Forest and Chatty are genuine IMO.

Wouldn't argue with any of that Chatmandu, and just for balance I will say that having been in and around JLP for 20 years I think the sp has bottomed and that there are sufficient near term catalysts to get the sp moving North, not least is a ramp up in production figures in this dry season. It's all about the break even point. If the operations become self sustaining then the remainder of the Africa money can be used to enhance production and bring in bottom line profits. It's a gamble with both scenario's in play. p.s. the sellers (apart for 1) have not divested their holdings, they have just reduced their exposure, which is sensible. It will come to an end.

Overall, happy to buy at sub 3p.

Stop being rude Shuvlin - leave that to your other half. Forest is obviously a genuine investor concerned that he may be being taken for a ride. A sensible attitude, always be wary, don't be a blind faith believer in anything.

For every share bought, a share is sold. The market makers kept back the sells until the end of the day so as not to put off buyers. They have been doing this most days.

Several holders have been reducing (at least one to zero) their holdings in JLP over months now - I did it too, albeit with a relatively small amount, down to zero.

The price action yesterday and today has been healthy:

Firstly a seller offloaded over 3 million shares, closer to them being at their desired holding level.

Secondly there was plenty of appetite by buyers to mop up those shares.

Thirdly there was a gap in the charts at 2.85p to 2.89p which inevitably would need to be filled before the share price could advance - that has been filled this morning.

It's frustrating when the share price is bottoming and appears to be leaving the station but all of this and more (production, successful drilling etc) is needed before JLP makes us wealthier - if you believe it will then buy the dips.

There we go 3 and a wuarter millio sold t 2.9p. Balances the days trade up.

More than likely some sells reported late.

At one point today I did dummy buys at 3p and they couldn't fill the orders. Maybe there arent enough sellers at higher prices. There is a gap in the charts to fill at 2.85p, maybe they will drop the sell price to there tomorrow to get more shares to sell. Mm's, like god appear to work in mysterious ways.

I chose my words carefully shuvlin and Northern - negative about the 'company', I know your belief in the assets is unshakeable.

Very droll bought lots of 3 because couldn't afford more due to the dealing costs. Laughed out loud.

The old wives tale of mm's signalling stuff through trades came to mind yesterday with the repeated 3 share purchases.

On the charts front 1 year MacD turned positive and 5 year MacD 'may' be turning - tentative 6 months price target of 6p per share (dependent upon the real life achievement of progress as promised or a decent portion thereof).

The market makers look like they are being canny. Slipping sells through onto buying strength. Who knows how long for. Might keep the handbreak on the sp. More time to build a holding or average down? Always hard to buy when everyone is negative aboutvthe company. Following Franklin Templetons advice myself. Buy when.... etc

Much less than recent weeks Foresthome, maybe sells are drying up or maybe the market makers are toying with us. Let's see what tomorrow brings.

It's all about large sells Yorkie. Looking for late reported trades, if no big sells then the corner may be turning. Have to wait and see.

Checked all the charts and indicators. No confirmation of the sp bottoming but came away 60% confident it won't go below 2.6p and 95% confident it won't go below 2.3p, so topped up (average now below 2.8p), and grandkids got a few back too. GLA

At 40,000t throughput and 1.65% copper and 70% recovery, could get 400t per month plus another 100 minimum fine copper. 500 per month gives 6,000t copper included for a year.

Molefe supply to be added at Sable, then 8,000 to 10,000 could be on the cards. With copper at current rates, sp should be worth 7 or 8p.

Allowing for rainy season and general underperformance then 4,000 to 5,000 may be the bottom end of expectations. Worth 3 or 4p I would think.

2 factors holding the share price down - doubts about the finances and more importantly in the immediate term is the ongoing selling. 4 or 5 big holders have reduced their holding year on year from April 2025 to April 2026.

Potential is there, it's a waiting game. Still at about 35% of my holding that I sold at 4.07p, continued weakness in the sp is proving tempting.

Catalysts for a rise.: seller(s) stop(s), de-watering proven to work, throughput at Roan increases, Molefe delivers more to Sable, Sable announcement on expansion completion/positive update, LWP, drilling news.

Reasons to fall further: financial mess up, share issuance, increased rate of or protracted period of selling by large holders.

2p is a 25% fall approx and 3.4p is a 25% rise. Where will the sp be in 3 months, 6 months etc.

Tempted to raise my holding to 50% of what I hade before but waiting for the charts to turn positive first, is there any rush????

Foresthome - the Q4 operations update was 21st July last year. Hopefully should hear around then.

Before that we should have guidance for copper production this year (they can't predict it at the moment due to only ten and a half months of the year having passed by). Really hoping it's because they are going to surprise to the upside on our expectations.

We could have drilling news before end of July - is it likely. Don't know.

We could have waste rock project news - very unlikely.

We could have financial news - let's hope not.

Hope that helps p.s. ignore the rude people - they are so far under water, they have to take it out on someone.

No evidence that copper production has undershot promises 😂😂😂😂😂😂

Same old conundrum. Share price tempting. History of achievement in copper appalling.

Mind you they only have to get it right once. Either Roan dewatering and fine recovery meets the standards set in chrome or feed to Sable increases markedly, essentially a logistics exercise.

Either could get JLP to operational break even in the next 3 to 6 months. Both together could bring in decent profits in the short term.

As usual not allowing anything for the LWP. Never have. Maybe, after Roan has shown it can process effectively the LWP may come into its own. Dare I say patience and dont risk what you cant afford to lose. The finances arent transparent.

Gotreal hasshares. He watched them rise to 22p and watched them fall to 2.6p, up to 9p. Down to 3p up to5.2p. Back to 2.9p. Up to 3.5p, back to 2.7p.

Thats why he is a bitter and disgruntled poster. When others take profits he attacks them for doing so.

Every time he attacks you its because he knows he is inferior. He cant raise himself up so he tries to pull you down.

An attack from him is a compliment.

I agree sirboring - liquidity is an issue- they are conserving cash via small dilution. This isn't great but neither is the share price which reflects the situation.

On the other hand they are conserving cash where possible which hopefully means they won't run out of it. In the past they would have ploughed on blindly and issued new shares to raise cash. It's a tightrope and the best chance of tipping the seesaw in JLP's favour is right now in the dry season. It's a game of swings and roundabouts. I'm risk on but cautiously, going down the slide and enjoying the ride but with my legs jammed against the sides of the chute to control decent.

Mixed enough metaphors for now- let's see where the sp ends today and look for late reported trades and have a squint at the charts. Overall sentiment appears to have improved somewhat after the rns - step 1 in the right direction.

Past performance is very very poor given the investment. How quickly it grows from here is the essence of it.

Harmprof 1,500 for next quarter, then 900, 900 and 1,500 seem to fit the seasons. 4,800 probable from where we stand now - i.e. last year's target.

However, there are a raft of initiatives and improvements underway which could lift that amount for 2027 year.

All about delivery once again.

The sp at 2.6p to 2.8p reflected performance to date. If JLP had delivered 4,800 this year I think the sp would have been around 4.5p.

10,000t and rising will get close to 10p IMO.

6 months ago I was saying I'm in for 18 months (in and out along the way).

It looks like I'm still in for 18 months to get to the same point.

However, averaging in at 2.8p so far may be compensation for that.

How much risk are you prepared to take, at what price and for how long. Same old same old. Happy with it at the moment. Dry weather should bring rapid progress (for a change?)

A range of views - agreed on JORC - it looks like end of calendar year, on the other hand it's not affecting progress of the plan. When delivered it will probably boost the share price.

The financing is still in the back of my mind and the quicker JLP get to break even the better (obvs). I feel more positive that this will happen after re-reading the rns. Going to try and calculate a minimum copper production figure based on current production- I think all the clues are there in the rns.

Chartwise, stochastics positive, RSI indicating quite oversold, MacD poised to be very positive but nothing confirmed yet, a rise above 3p should do it, trends still down but starting to level out, again a rise above 3p should end the downtrend IMO.

GLA - JLP not proven a viable copper business but my gut says a corner is being turned. It's more a feeling than a justifiable reality.