Member Info for Kalan

Strong comeback this afternoon, finished inside the rising channel - got to be happy with that Happydays. Tomorrow is another day. 8p could be gone with the wind.

nice one tellysong.

on friday we walked straight into betty's in ikley at about 3pm aedbeggar, twixt lunch and tea.

did a perambulation around the town and up to the lower reaches of ilkley moor (both of us bhat,at), then up to burnsall and appletreewick for a taste of the dales. back to ilkley for ****tails at 5.30. italian for dinner at 6 followed by count arthur strong at the theatre. a lovely day that was. good for the soul.

sp. at or near bottom according to indicators and good to see bargain hunting after the drop. going to check if the rising channel is still intact at the end of play, hope so, it's such a good guide.

Have been busy happy days mate. Building deckings and walls. Away in Ilkley at the weekend. Up at 7am swimming and picked grandson up at 8.30. Off to the park now. Will catch up when he has a nap. Warrants ( which we knew about) and options ( which we knew about but no details) have dented sentiment when investors were waiting for a positive rns. Has the ising channel been broken due to the relatively bad news? We'll see at close of play. I certainly could have bought 0.1p lower. Is my winning streak over? Doing some charting later. Swings and roundabouts in the real world await.

Just wanted to be in below 8p by end of May. Because sometie in June we will hear something. I jokingly said 3rd June a while back it could be then 8p is history. Risk and reward.

Leeds and Rotherham double champions next year Lufc. Enough said on that subject, too painful.

If nothing has changed ( materially) then there's no need for an rns. New front end by end of May and increased copper production " in this year half". So all is on track???? Folks want confirmation because of the widely held belief in timeline slippage. However, no news might be good news as in no change to previous timelines, therefore, no need for rns. Oops, slipped my rose tinted glasses on there for a mo.

He's not a bad guy in my opinion he's just overly optimistic.

In the charting world, the sp at 7.8p sell has hit the bottom of the tramlines. The top is currently at 9.5p. It doesn't have to stay in the tramlines but it takes good or bad news to move outside them normally. Other indicators say the sp is about to turn over today and tomorrow.

In the real world, the sp rocketed to 8.8p on the back of copper soaring from a rough average of $9800 to $10,850. Based on $9800 I estimated 17p without IRH deal. The extra $1000 margin takes this to over 20p and the sp motored, also anticipation of Roan start up at end of May. PGM's were also buoyant as well as markets generally.

PGM's came off recent highs, stock markets cooled and crucially copper fell quickly back down to $10300 ish. All this damaged sentiment and we start to doubt other things such as Roan and no news on IRH progress.

Where are we now. Markets have corrected somewhat but not started a bounce back yet. PGM's mulling around. Copper bottomed (get it) and has recovered to $10,400 to $10,500.

Compared to where we were last time sp was below 8p, markets are still higher, pgm's are still higher and Copper is significantly higher. We are also closer to Roan being up and running (fingers crossed).It takes a day or two for folks to balance the high rise, relatively small rise, we are in a better position scenario.

The charts represent the wishes, fears and dreams of all involved and so once again I've relied on them to help find the bottom - I'm going to be wrong some time, could it be this time - cliff hanger.

Pleased with my buys at 7.9475, 7.94 and 7.94, just before the 200k buy. I was having a sandwich at my brother in laws (rebuilding some walls for him) when I checked in and saw it was below 8p and went for it he was gobsmacked. Then I went back to mix another load of mortar. He's not a risk taker, he looked horrified.

7.94p tempted me. Back in. Bottom of channel aproaching 7.8p.

Do you mean the shares in JLP fishysauras - if so - there's more views than you can shake a stick at. Generally very positive with some negative views as counter balance.

Personally I don't own any at the moment but I am looking to buy about half a million shares soon - just waiting for the right price. In short, the potential for copper profits on top of chrome profits, with both operations expanding is potentially huge. On the other hand, shareholders have been waiting for a couple of years for the copper production to ramp up significantly and we are still waiting - it could be imminent, it might not be. The chrome is doing nicely and funding it's own expansion. ther'es also the possibility for more jam tomorrow (twas ever thus with JLP) in the form of a waste rock project which needs no capital from JLP. Hope that helps - other opinions are sure to follow. lol.

Gotreal - it was a fluke - took the little un to bed cos he's not well, he dropped off and I logged into my broker account and there it was - didn't expect it to work so did a dummy run and it did so went add - got lucky.

No Bluebelly I'm a Yorkshireman I don't pay for owt I can get for nowt. I get 15 min delayed prices on Hargreaves Lansdown but when I want live prices I log in and get live prices when I do a buy or sell, you get 10 seconds to back out of the trade so I can get live prices on any share for free. I'm sure that paying for live prices offers you so much more in terms of order books etc but I don't need it the way I invest - this was a one off for me but I've often heard people saying the prices are quoted as cheaper to buy than sell - maybe we should act on it more often (don't forget to take broker's charges into account).

I think the market makers went to lunch and left the computer in automatic mode. Been selling at 8.1p and buying back immediately at 8.01. 125000 shares each time, only managed it 3 times before the ask went up, still not as high as the bid. Made about 270 quid in 2 or 3 minutes. Strange.

IRH deal is 30 % of profits plus up to 13% management fee. PersonallyI take this to be 30% as the management fee will, in all likeliehood, be spent on management costs.

Possible time frame:

Roan fully operational mid to late July.

Thutse new module no.1 September.

Sable sorted say October ( guess).

Thutse 2 Jan 2025.

Ist IRH module Feb to May 2025 ( guess).

I would be content with all of that as a reallistic set of dates.

Good luck this weekend LUfc. Have a great time come what may. Fingers crossed fir the result.

Was it Twickenham? TG5. The adjacent mine?

Shareswotter - I've done that before and what inevitably happens is that I set a buying price of say 7.8p and I,m not looking in and the share price turns at say 7.85p. That evening I check in to see the share price at 8p and think missed the turn so I'll get in tomorrow morning, low and behold it opens at 8.2p and I've missed half of the rise. So I try to make myself available on the day I think it's going to turn and move my buying point based on the 8 or 9 indicators that I use. Hoping for a steady climb once it turns this time. Just trying to buy low, it's harder work and more time consuming the way I do it but it appears to pay off. Once you've decided on your share (fundamentals)m, the only two decisions left are when to buy and when to sell. It makes sense to me to put all your efforts into those two points in time.

Thanks Bluebelly, Gray1, Mikie - the last two calls were influenced by my home situation but based on the likeliehood of a rise or fall, a silver lining to what was going on. Luck comes into this as we all know. Just caught up with posts and TA.

Yes definitely looking to get back in, the copper price and share price of JLP got a bit over excited on reflection. Buttermilk was being more optimistic than Mikie lol. The share price and copper price got ahead of the fundamental situation (I know me talking about fundamentals).

All the 1 year TA says there is further to fall - be patient for a lower re-entry point. The weekly chart offers some more resistance to a fall, 8.2p was the big resistance which it fell through. Might see the market makers re-test the 8.2p to see if there's an appetite to go back up, I suspect there isn't.

Now the good news - the bottom of the rising channel is now at 7.6p which, without bad news, should be the bottom here. More good news the channel is rising at about 0.25 p per week (I'll re-check that at some point).

If I could get 7.8p now I'd chuck the lot back in in one go. The bottom of the channel will be at 7.8p by the end of next week.

Should I buy some now and some next week when indicators should be better. We could have a delay rns that drops the sp through the channel. We could have a positive rns on Tuesday or at the end of play today, JLP have done that before which leads to me buying back in at 8.8p where I sold.

Got until my delivery arrives to decide as we are off for the weekend.

If I could get 8p today I think I'd put a third in and wait on the rest for that 7.8p (taking the spread into account). Probably not going to buy any today, going to risk it if I don't get near my entry target.

In the grand scheme of things, this is just a bit of fun, hopefully profitable fun.

What a good morning it is, except for my champagne induced headache. My wife's cancer is a thing of the past- all biopsies negative, just needs some radiotherapy in the two affected areas as a precaution and she's done. My dad is recovering from his radiotherapy and is starting to eat better. His lung cancer is terminal but there's hope now he can have a year or two of quality life ahead of him. We live in hope.

Thank you to all who wished us well, strangers or not, the milk of human kindness matters a lot.

Hope you are on the mend TG5 and you are right about the feedstuff leading to lower pgm's - they deliberately used lower grade feedstock whilst pgm prices were subdued. Not sure what they have done in the last couple of weeks of metal price exuberance.

Average shuvlin, average.

Dbh - Kalan the billionaire fantasist liar, illiterate, innumerate non investor tells you in advance every time - look back.

And in the interests of honesty - the share price is near the top of the channel, all indicators showing a potential pull back - not far, but my wife and dad are both back at the hospital this week so destressed - sold at 8.8p so I can turn this computer off and concentrate on things that really matter. Good luck to the people that bought my shares at 8.98p - sincerely hope you make a profit.

Target price 17p for starters - I'll be back.

Just been reading the reports of 3 major analysts on copper. At the start of the year they predicted copper prices for 2024 around $8800.

The "experts", as we found in the pandemic, rarely get anything right. One Of the big copper producers reckons the copper price is in the foothills of the Himalayas. Who knows where it will be a year from now. The answer probably is that nobody knows.

JLP should soon be in a position to cash in, fingers crossed, but also has the benefit of rising pgm prices and bouyant crome prices.

By end of June capex on Roan should be complete. By end of the year ( say February) capex on Thutse modules should be complete. Also Sable expenditure in a similar time frame.

Expenditure falling and income rising.

After that there are other projects requiring capital but the waste rock project will be financed by IRH. We just share the profits (30%).

There will be ups and downs in the share price, delight and disapointment. Stick to your own investment strategy throughout all that, be it top up on dips, sell into the rise buy into the fall, sell up when you've hit your target exit price or hold whatever. With rising commodity prices and falling expenditure everyone should make money. As has been the case in the past 10 weeks. GLA.