Member Info for Kalan

A 50% placing at a 17% discount to the sp and the sp soars 35%. Don't think that would happen here, well done TG5 - think you did right in taking some profits.

The lack of capital for drilling (LND) put me off and I will return now that this has been secured for a closer look, once the sp has settled back.

JLP and JSE equal split TG5. Like you need my advice.

"Everyone kalan. not everone!"

Nice one Jolly1 - not advisable to type one handed on your phone whilst balancing a 2 year old on the other arm - not everone can do it. Lol.

Leon's performance at spinning plates is hopefully more accomplished.

Not easy to get words right when everone, in our current society, latches onto anything they can to score a point( less).

Excellrnt point Lufc. Low volume because few are selling. There one or more buyer hoovering up 150000 to 250000 every day in tranches. Also warrant and option shares don't seem to be coming to the market. The holders know more than we do and they don't appear to be sellers at this level.

Some points.

Shuvlin knows that happydays.

If Leon wasn't with JLP I wouldn't be invested.

We are human. When it's not going how we want when we want we whinge. When it goes as we expect then we are satisfied. We need to celebrate success and control our expectations whilst dealing with disapointment.

Compsre to HSE where investors were desperate for an updste on a new gas installation. Sp went from 30p to 34p in minutes on an update that said pipes connected snd tested. Final bit being done, gss to msrket soon. It's already bsck to nearly 30p. Would they have been better to wait and anounce production for a sustained rise. Who knows. They'll let us know when they think it's apropriate. It might be for the best instead of responding to us needy investors. Chill, our bets are on, the wheels spinning, if you can't take the anxiety then put uour money on deposit for a nice safe 4% net per annum.

He did say according to current schedules. If it's up and running at or near neplate by mid July I'd be delighted. Then Thutse 1st module at or near nameplate by end September, again delighted. 2nd module end February. You guessed it, delighted. Start of construction on IRH financed module by January, delighted. Sp at 17p by March next year. Ecstatic. Takeover bid at 25p this time next year, I'll take it. Delays are frustrating and unfortunately predictable. Some have been in 12 years, others 12 weeks, one year of patience/ further patience for a 2 to 3 bagger from here. Got to be worth it.

It's been said before - come on Roan.

Agreed Roxi

Chartopper, Leon invited an interviewer (female) to come to Roan at the end of April to see Roan in full production. I did my April/May/June comment and was roundly labelled a de-ramper. That's probably where you got the end of April from.

As for JLP tracking pgm's this was established a few months ago in discussions here. The chart showing correlation between JLP and SLP shows this up really well.

The question is - did we know that installations take longer than predicted - yes. Did we know that it would cost more than predicted. Yes. So when the market gets a bit overexcited by the upcoming copper was it sensible to take profits. Yes.

We are all in to some extent, some of us are 'all in'. What makes us believe that Roan is up and running now and that it will be "producing increased amounts of copper by the end of July". It's hope isn't it. The later in the process of installation that we are the more likely that predictions on time and cost will be accurate, so any slippage this time should be less time than six weeks and the increased copper production should also not slip by another 6 weeks. That's my logic, I hope it's already up and running and we will get increased copper production by end of July but a further, shorter, delay is factored into my psyche.

Back to SLP v JLP, which would you invest in right now. It doesn't matter as they move in synchronisation, roughly, unless something dramatically changes. JLP becoming a recognised chrome and copper producer at a significantly large scale is that dramatic change. We are all aware of that, but on timing the so called pessimists were the realists and the so called realists were optimists.

12 months from now all of this will be forgotten, that's my timeframe for JLP, so we have and we hold, for richer and for poorer. Doesn't look like the warrant holders and options uptakers have been selling, maybe they know more than we do and the timing of the warrants and options was significant - see there's that hope again.

Not sure that was a better use of your time bistable.

I've also warned that serial rampers do the most harm. Having said that I just think Roxi nails his colours to the mast and wholeheartedly supports his choice. Could do with him in the England camp.

Looks like someone picked up 600000 shares today in 4 lots. Long may it continue.

How do negative odds work?

You bet £1 on a -10/1 shot, it wins and you get your £1 stake back less the -£10 you won, so you owe the bookie £9 ?

No wonder you're selling up Buttermilk, you've convinced me.

Good luck with your investments and, genuinely, come back and tell us some of your winners. Good luck to you.

Buttermilk 3 weeks ago "Who cares about little delays here and there. Even Elon is lying all the time. You have to focus on the growth story and vast opportunities presented in Zambia. It is time to buy, not to sell. Even without Roan "upgrade" we are doing fine."

Sir Liar Starmer would be proud of your turn around Buttermilk, you even make me look like a Saint, well maybe that's a stretch.

Chrome is 70% of company revenue, copper is 8% and has been for two years.

The frustration of LTHs is understandable but the charts are saying JLP is poised to move. There have been lots of times to sell JLP shares and it would have been a very sound idea.

Selling right now is difficult to support given chrome price strength, production strength and Thutse expansion underway. Also the possibility of copper production news at any time and copper coming off it's very recent lows to sit above $10,000 once again (fluctuating admittedly after a sharp fall).

Considering whether to add today, Buttermilks sell makes me more likely to buy," be greedy when others are fearful" (Templeton). Indicators showing sentiment is at or very near a low ebb for recent weeks, also a sign to buy.

Meanwhile if you want a bit of a laugh, on the day where Labour are accusing Rishi Sunak of being a liar, have a watch of this video by googling 'The dizzying dishonesty of Keir Starmer'. Makes Boris look like a Saint, well maybe that's a stretch.

My bsd dorfan. Shouldn't post on the hoof whilst switching between 3 sites. 7.9p.

Up 3.2% on JSE today at 196 zar or 8.06p at today's exchange rate.

Chrome production to increase by 20% in August (ok September), then up by 40% compared to now in December (ok February) and capex completed at Thutse. All increased profits accruing to JLP at that point.

Copper production increasing by 300% compared to current year starting in July after June ramp up (ok August after June/July ramp up). Capex complete by October/ November. All profits accruing to JLP at that point.

Waste rock - no capex just a share of profits from January 2025 ( ok April/May 2025).

Current short term weakness a buying opportunity??? The wife says it's a mug's game, I think if I stay disciplined by the charts it will all come good again and again. Negotiated a sneaky smaller scale top up when I think it's bottomed - I think that classifies me as a cup rather than a mug - time will tell.

P.s. I did once receive a reply from a secretary at JLP, maybe 10 or so years back, I dug out an email address by searching the internet, unfortunately I can't remember what it was about, a similar vacuum of silence was in existence I suspect.

I think there's more to it than that Shuvlin but I agree with what you say.

Copper has dropped by 10% since we peaked at 8.8p, that lowers the profit margin by about 25%. (pgm's also dropped.)

In addition investors were eagerly expecting positive news in rns form and got negative news which is a double whammy for sentiment.

My amateur charting says a little more weakness to come in the sp- there is support where we are, strong support at 7.3p and very strong support at 7p.

I wouldn't be surprised to see 7.3p sell and 7.5p buy, but is it worth selling now at 7.6p to buy back at 7.5p, I think not.

Yes Bluebelly the channel I used to support my buyback at mid 7.9's has broken down (although I can tweak the lines I draw to keep us in the channel which is basically fooling yourself), although good news tomorrow alongside an rns on shares issued could be argued to re-establish the channel - all a bit vague so sticking to my other indicators.

Slow stochastics on one year chart has been excellent for predicting the top of rises and fast stochastics spot on for marking the bottom. I'll post when I think it's bottomed in case anyone is still interested. It looks close.

Going to have a chat with the other half about adding more shares but it's a gamble with the amount already committed, was saving some for a punt on Jadestone energy, awaiting news of new production whilst oil prices have dropped in the delay, sound familiar.

Jam tomorrow JLP.

Manyana is tomorrow.

Closer and closer.

Leon is a good engineet.