Member Info for Kalan

On first read I was pleasantly surprised, particularly by Roan figures. Has Leon cracked the fine copper as he did the fine chrome?

Overall figures were in the ball park of most peoples expectations. The next 3 months seem to have events stacked up - overall I'm happy that I got back one third of my shares - let's see what the market thinks. It should be possible to look at the rns and work out approximately what tonnage of copper 12 months at current production will give, before any planned expansions, that would give a baseline. Once I've read and reread it and between the lines and done some calculations I might add some more depending on how the share price reacts. Checking my charts as well.

Forestholm. IJohnny saud they were goingvto restructure debt as short trrm loans were for long term items and vice versa. Im convinced the actions were to make the balance sheet look more atractive for loans and or investors. They may simply be sorting out better loans to replace current ones or maybe getting into a position to raise more money should cash flow require support. Convinced the dividend and buybacks was just thrown in to keep shareholders happy.

Meanwhile.... interesting share trades today.

Couldnt resist 2.77p top up.

Must be mad. Average below 2.8p.

Downside in worst case short term 2p but probably not lower than 2.5p.

Upside potential 5p plus short term but probably not above 3.5p.

On balance worth a punt????

There's no doubt about the share capital reduction Foresthomes - Johnny did a question and answer session recently and one of the questions was about whether JLP were a going concern. he mumbled away, saying it was, as he and others had signed to say it was. He wasn't very convincing IMO but he was very honest I believe and genuine. Quite revealing too.

You are such a moron.

He introduced de-watering at Roan very very recently. It wasn't part of his planning - he obviously did not realise how the conditions needed to me mitigated.

You are so determined to prove everyone wrong who does not agree with you that you make yourself sound ridiculous. nice cut and pasting again, well done.

Cheers Jonah, it's a worry that JLP may only be able to mine effectively for part of the year, if this year was exceptionally wet then that offers hope that future years could be much better, if unpredictable.

If you had been around for the past 4 or 5years Harmprof you would not be surprised on the copper front. In the past Leon often beat his own estimates on pgm's and chrome. I think they have underestimated the difficulties caused by the climatic conditions. Hopefully they are coming to terms with this belatedly.

You are right about when to own JLP shares - I think it's a case of timing not time in.

My holding here could be out again by Friday, but hopefully not, I would like to see something that makes me think now is the time to build my stake back up. The decision has to be based in reality and not on hopes and wishes. Good luck harmy.

The sellers requested shares above the value they could buy in the market. Hello wakey wakey. Alarm gone off.

Down the line JLP need to raise cash. The recent share shenanigins was for the purpose of making the company more attractive when re arranging debt and extending debt. Nnothing to do with dividends or buy backs.

The results are delayed bwcause they are awful. Guidance

3,ooo to 3500 ???

However, sentiment amongst beliwvers is rock bottom. Leon will throw a bone or two out in the rns tomorrow and the sp could well rise. Still in the life raft, edging my bets. GLA, hope springs eternal.

I researched it a few weeks ago Chatmandu - it was quite hefty but it was an annual fee - so I don't think it costs to use it daily - just the annual fee.

Jolly - it is my understanding they pay an annual fee for the service and could update us more often at no extra cost, other than management's time.

Strabge start to the day - offered 2.725 (got a few more) whilst others were selling at 2.775- very odd.

The rats leaving a sinking ship is a relatively new saying - been around a couple of hundred years. It started out over 400 years ago as rats leaving a rotting house (and morphed into leaving a burning house and then progressed to ships). It was thought that rats and mice could sense a house was about to fail, sniff it out if you like and leave before other animals, including humans realised the pack of cards was going to fall down. Interestingly, there is new research into mice nostrils today and their ability to sniff and how common it is across mice. Just popping off to get some cheese.

As for time scales and costs, my rule of thumb is in mining it takes twice as long and costs 3x as much as you thought. Leon beats that and will do again on Tuesday. It's the potential that has us holding on here as Nelson says. The reality would have you leaving the ship which is afloat due to the South African stabilisers, as long as they don't fall off (i.e. run out of money, the similes and metaphors are running crazy now).

Hi Chatmandu - I have a feeling today could be an up day, nothing spectacular but a gentle curve up emerged throughout yesterday and short term MacD looks like it might cross. Grandkids 25% back in, daughter 30% back in and I'm about 17% back in. The original rats leaving a sinking ship story had another part - the rats left and reached the shore and then wailed as the ship sailed off without them. We rats have left but we are sitting in a life raft, behind the ship just in case it manages to stay afloat.

I shouldn't get drunk this early.

Meant to say Tuesday not Monday - for the update on production.

The 5 year charts are pointing down towards 2p Chatmandu. Short term support at 2.8p is being challenged today (dropped below minutes after I bought just above 2.8p). My small buys are just a punt on Monday causing a rally and not based on charting.

Selling at 3.2p was a brave thing to do - crystalising losses is the way to go but people seldom do it.

If the share price falls to 2p then I lose a £1,000 on paper but can buy in lower, edging my bets - I don't think it will fall to 2p but 2.6p is a distinct possibility and I may add more if it does.

Averaging in , surely some good news will come before the next rainy season but this is a risky punt without better production figures and security of processing going forward. I'll let you know if the charts show a turn - close of trade share buys and sells are worth keeping an eye on.

Thanks Gplaya - really useful information.

Agreed sirboring - they could have released the results today, they have had them for a month. Also agree that the expectation is for a continuation of the poor copper production so far.

Two points for optimism: firstly 2 more late reported apparently matched trades yesterday - maybe the seller is now being mostly matched by a buyer in an organised fashion which MAY reduce downward pressure; secondly the rainy season is now over, and they have had time to trial the dewatering and hopefully front end - so maybe, just maybe there is the chance they may have something more positive to report on Roan from the last week or two.

On this basis - a pure gamble that things haven't got any worse, I've bought two lots of £2,000 worth (a tenth of my previous holding) at 2.85p and then at 2.8175p.

Could be a mistake or a lucky punt - will add more if the charts turn and or we get a more optimistic update. Still lots to worry about here though.

I believe it will too. Belief is all we have in the end.

Apologies Frogboy, I think the lack of news and the share price are taking their toll - blame me if it helps.

I do look every day for positives in news, in the charts and in the trades. All I see is negativity.

There was a glimmer of hope yesterday in the late trades, although there was continuation of someone unloading, there was also a large buy, maybe two, so perhaps that negative influence is coming to an end and the share price may find some stability. As soon as charts back that up IMO, I will say so.

If we get any good news I will recognise it. Saying it as it is - not subtle at all. Have a good day Frogboy.

You misunderstood my post Frogboy. Bluebelly understood and said 100%.

I was saying that if Bluebelly bought shares for his wife's pension in JLP and the value went down then it would be all his fault. It was a comment on marital relationships, a bit of light hearted banter.

I was not saying if JLP went down, as in insolvent, that's how you interpreted it I believe but it was not what I was saying, at all.

Sensible pption Bluebelly. The other hslves are much more csutious and of course if JLP went down it would be all your fault. 🤣

Amen 🙏

With all those buys you would expect the sp to rise. Expecting late reported large sells which needed moving on. 2.8p is strong support, then 2.5p.

Close will be interesting in that regard.