Member Info for Kalan

Craig and Frogkid posting - not too much wrong with the world this morning.

Share price found buyers at recent low - probably due to the hope that this is the forming of a double bottom - maybe.

... for what its worth.

Guesswork - the seller is determined to be out by the end of the financial year, come what may.

Nothing the board can say will change that.

Buyers are more wary as the bargains they picked up recently in the 4's and high3's no longer look bargains. A new floor is due maybe at 3.33 where buyers reemerge to mop up the persistant sells. This may be temporary. We have 4 or 5 weeks for figures on production achieved ( according to Leon). This should more or less coincide with the financial year end. The lowerit goes, the better opportunity to significantly average down. IF you believe in JLP then nothing much has changed on the fundamentals. The market is providing a massive opportunity for anyone with the cahunas and free cash to scoop a real bargain.

Why are we all down and miserable then. Because we invested at the wrong time. We werent to know anout the amount of selling that would ensue. Excused. E do know why its happenedand we do expect the selling to end and the copper to flow. In these circumstances we will have no excuses if we dont avrrage down. Finances allowing. GLA.

Any potential new investor should read Mikiesunday and lootagloot and give both equal weighting. Just my opinion.

Couerdelion - exactly what I am using this for - too complicated to get to the nitty gritty.

LEACHING - appears to give 25% to 30% more copper than without leaching - again the costs are opaque but it looks like leaching is the way forward in conjunction with our industry leading technology.

No because copper would then have to cover all the overheads and taxes etc, reducing company profitability.

Also, any surge in pgm or chrome price would start to add to the bottom line. We have 3 possible metal price increases which we can benefit from and delivery of increased copper production. All can push up the sp but for now the company is based at a price which reflects the expected copper production and margin. Much upside when the sellers gone and we deliver/ or metal prices surge.

not convinced myself shuvlin. often heard of the dark arts of market makers so did dome research a while back which revealed that market makers merely make a market with a margin and they don't hold or carry forward shares if it can be possibly avoided. conspiracy theorists are everywhere but it's 99.9% bunkum.

back of a *** packet valuation at $9480 copper based on 6,500 tonnes per annum and p.e. of 8 is 3.7p.

chrome and pgm'covering their own costs and company overheads, taxes etc.

many will argue that chrome and pgm's are worth more than 0 on the balance sheet bottom line, given their prices at the moment and rightly so. same with future copper increases in tonnage. the market imo is based on the bottom fall back *** packet calculation above and will remain so until the seller is gone, then we will discover what the market thinks in terms of sp price above my *** packet baseline calculation.

fantastic position for new investors, new isa allowance looming (rachel from accounts allowing) and every sign the sp will remain constrained by the seller until then. gla, get your cash ready for lift off. just got hold of £50,000 myself from a partial property sale but my step son needs £45,000 to buy his wife out of their house in divorce, so giving it to him. hey hum, at least £5,000 going jlp way in april.

Add up the buys for the day (one buy by otemple is reported as a sell) and they exceed sells by almost exactly 2 million. So if the 2 million is a sell it balances the market makers books.

Otemple bought most of them for 3.75 and this 3.744 trade is below that buying price, so my conclusion, for what it's worth is that the 2 million is a sell, just reported at a time to suit the market makers.

One would assume that we will see late reported sells which are kept back not to frighten of the buyers. We'll see.

Yes Seis. If the FIL line had gone to zero and Halifax started where they left off then the share price would be released. Hard to explain the coincidental chart alignment.

Good to see that copper recovery is increasing in line with expectations from the new feed.

Your attitude is spot on Bluebelly. The seller means we dont have true price discovery at the moment. It throws up an opportunity. Very frustrating for us holding lots of shares which are down on paper, but a great chance to pick up cheap shares. Zak Mir has Made comments on JLP today saying the market is treating JLP meanly, when the company is sorting itself out. Not a fan of his but its there in the mix. Have got 750000 shares and would like to take it up to a millio at these prices, within the ISA wrapper, Rachel allowing of course.

Recovery currently 55%.

Rising to 70% when on-site leaching is put in place (2026?).

A more reallistic assesment If-only.

2 months would take us to mid April. 2.5 months after that to hopefully get towards the upper end of guidance.

Good to have you aboard Michu. Its delivery time on copper tonnage. Always a chance pgms and chrome can break upwards. A good time to be joining.

Good to have you aboard Michu. Its delivery time on copper tonnage. Always a chance pgms and chrome can break upwards. A good time to be joining.

Just a word.

A glancing blow to the head when I was a kid was called being " scalped".

In the cowboy and injun films the "red indians" would "scalp" the white men by litterally cutting off their scalp with hair attached and wear it around their waste as trophy. Happy innocent days before we were woke ( true meaning implied).

The " scalper" just removes the big rocks which would cause problems when fed through the plant. These could be crushed later but maybe not economically viable so just toss them to one side. Not complicared just routine management but it shows processing is underway.

Meanwhile some good share trades yesterday, big transfer of shares from a willing seller to a willing buyer. This should speed up the exit of the seller which is the MAIN reason the sp is depresed IMO at the moment. GLA.

Just a word.

A glancing blow to the head when I was a kid was called being " scalped".

In the cowboy and injun films the "red indians" would "scalp" the white men by litterally cutting off their scalp with hair attached and wear it around their waste as trophy. Happy innocent days before we were woke ( true meaning implied).

The " scalper" just removes the big rocks which would cause problems when fed through the plant. These could be crushed later but maybe not economically viable so just toss them to one side. Not complicared just routine management but it shows processing is underway.

Meanwhile some good share trades yesterday, big transfer of shares from a willing seller to a willing buyer. This should speed up the exit of the seller which is the MAIN reason the sp is depresed IMO at the moment. GLA.

Proven production of 1,000t per month gives a f*g packet calculation of 6.6p per share at $9400 per t. Leaching will then take the sp back above 7p IMO.

First half = 1454 tonnes.

Need 7,000 tonnes in 6 months, 6 weeks of which passed by without the new material.

To get to 8,400t we need in excess of 1200 tonnes per month - very optimistic - but the share re-rate would be spectacular if it happened. I'm giving it a 5% chance.

If we get 3,000 tonnes in the final quarter, I will be delighted.

P.s. I'd definitely give more weighting to what Gray1 says than the broker.

Guidance was 5850 to 7500 tonnes.

Due to Roan shut down JLP is on track to fail to meet that band width.

The better material with double the copper content has been put in place to claw back lost production (source Leon).

So i am expecting about 6700 tonnes but I am ever hopeful that the new strategy will be such a success that we get around 8,000 tonnes for the full year- in this hope I am definitely being very OPTIMISTIC.

Personally I am more interested in where the monthly rate ramps up which will enable valuations to be based on future production rates that have been proven in the field. Then add value from leaching in 2026.

Many believed / hoped we could see a rapid rise to 20,000t to 25,000t starting last April and the planned Roan ramp up. The reality is more likely to be a ramp up to 16,000t to 20,000t 18 months from now with the additional cost of new material purchases and leaching which will lower the profit margins.

My prediction was for an sp of 17p, now I would be happy with 12p. The 40p predictors need to come clean and say now they are hoping for say 25p. The more we have found out, the less lucrative this investment had appeared. Still a stonking buy, once the seller has finished, which they haven't.