Member Info for Kalan

Everything you said Edzi. Spot on. Talk sense and the same group turn on you like a pack of toothless hyenas.

You cacan'takeJLP from way back when znd project a potential target. Back then JLP hsd a handful of shares compared to now and spiked at 120p due to drilling results for a new pgm mine. It's a completely different company. More of an engineering and processing company than a miner. That was based on pgm mining and now JLP is a chrome and copper producer. Msinly from waste. A return to 120p would be purely coincidental and not based on that chart .

Should be 6 months from now so lets say next March.

P.e. ratio as a pure producer of 8.

From interpolation need an operating profit of 38 million dollars to justify an sp of 7p.

Pgms operating profit £0 prr ounce.

Copper 20,000t (not 24000) at $3000 ( not $4000) Margin gives $60 million opersting profit.

Chrome 2 million tonnes ( could be more) at $20 margin ( currently more) gives $40 million operating profit.

Tostal $100 million or 2.5 times the amount needed to justify an sp of 7p at pe of 8.

My valuation of JLP at March next year is about 17p.

Tried to reverse engineer to take out the vagueness of all in and the role of debt finance and tax etc.

Gray1 did 2 more detailed calculations and got about 13p to 18p I believe. Doubling from here is highly likely even with misding targets, shutdowns and IRH having little effect and ogms struggling.

She's doing great thanks Gray1. Surgeon said it all went to plan. No pain. Just got to wait 4 weeks for further prognosis. Fingers crossed it hasn't spread. Apreciate you asking.

Cheers coldfeet. A bit more enlightened. Will attempt cutting and pasting from my laptop when I get home. Still looking after grandkids.

$3800 for our copper operational profit?

'all in' costs i've always thought includes the share of overheads for the company and surely must include payments to the owners of the copper run of mine? all in costs should include everything. so profit to the bottom line of the spreadsheet currently at about $3800 minimum for non a grade copper - my take for what it's worth. about 95 million dollars per annum at 25,000 tonnes. simplistic back of *** packet but it might be ballpark in the medium term, plus chrome, getting close to the market cap per year in profits.

accept i may be talking utter b.....s there, would welcome someone who knows better ripping my post to shreds.

7p paid. Bodes well for a close above 6.8p. The next peak isdifficult to predict. I would prefer a steady climb of 0.1p or 0.2p per week from here on to a repeat of the surge and pull back cycle, even though I've done nicely out of it. I'll post where I think it has peaked and how much I think it will pull back Gray1. It's in a rising trend now so buying and selling may be a dangerous game. Margin on copper was 2300 ish 3 months ago but now is 3800 ish from what Leon said. My 9.5p target might need a relook.

Didn't realise you'd been around that long Gray1. Maybe the length of time gives us Long Term Sufferers a different perspective.

In the here and now, the inevitable pullback that Frogkid foretold looks like it's over, a close above 6.8p would be a nice solid finish, opening up the prospect of more gains in the near term.

Yes been a long time and highly educational. Got quite good at reading between the lines for example. JLP has always been an opportunistic company, I liked Leon's Sunday Roast interview where he said they were now PLANNING to be opportunists in relation to pgm,s. Stocking various grades of material and choosing which to put through depending on the market price. Sort of Colinesque at the root of it with Leon's need for control stamped onto it. We'll have Tjate up and running soon, taking the Merensky Reef first, powered by Power Alt at Middleberg lol.

Yearly chart 60% sure we have had another low put in- will check at close of play today.

Weekly chart looking positive, technical barrier to watch out for is a move above 6.77 which IMO would indicate we are on the up again. Finished buying now - the weekly chart convinced me to take the gamble. Not suggesting others follow suit, the smart move would be to wait and pay above 6.77p after confirmation. (Averaged in at 6.6p on the nose - happy with that.)

I bow to your superior knowledge Ardbeggar on the Framework agreement. The way I look at it is Roan is the key to all of JLP's short term future. Success brings reduced costs, more income and removes the ability for IRH to pull the plug (if I'm reading you right).

(Not sure who realgit is calling a johnny come lately Frogkid - you or me, but we've both been here 3 times as long as he has!!! Wish his mum would let him go out and play for a bit.)

The CEO says there is still a lot to do at Akatara so, IMO we may overshoot the end of June deadline for gas a little. Once Akatara is delivering gas then we will probably see a rise in the share price. A bit of gyrating between 25p and 30p could be on the cards for the next few weeks. Just my opinion.

I've invested my maximum here at an average of 28.75p, not buying or selling.

F.... ...f gitreal.

Looks like we are finally becoming aligned in our opinions Ardbeggar.

Ive always thought (4 months back) that JLP looked good over the medium term (18 months) and had exciting prospects over the longer term (3 years) but had short term (6 months) obstacles to overcome which were many and varied. 4 months later we have moved forward 3 months in overcoming the obstacles. As a forward looking investor the positives in the short term are overcoming the negatives. In the short term we need to get Roan up and running to full capacity wothin existing available finance. This should happen, it's highly probable. Also within the short term time frame we get another chrome module. This throws off more oney than is needed for the second Thutse module and adds cash flow IMO. Roan running reduces expenditure and increases revenue. IRH will sign up once Roan is proven. Again my opinion. 70% back in at a touch under 6.6p. Waiting for a bit of chart confirmation for the final 30%. Edging my bets with some average down money on the sidelines.

The report reflects the damage done by Montara and the lower oil price. 16% revenue fall. Akatara plus montara improvements plus new oil income plus increased oil price make JSE a recovery share IMO. 2024 turn around year with 2025 bringing profitability. Holders are in early and at what looks like a cheap price as long as oil price holds up and production comes through as expected. This report marks the low point for profitability. Quietly optimistic for the turn around which is well underway.

What struck me was the difference in rhetoric between Leon and Colin. Leon foccussed and clinical whilst Colin was Colin, all vague abd hopeful and maybes, whilst alluding to big boys coming in. I'll stick with Leon. Just need to get over the short term hurdles. Roan fully on line reduces expenditure and increases revenue which is yhe tipping point fir Jubilee. Fingers crossed.

That's what we are waiting for Mikie, the copper volumes to increase. You are always enthusiastic and positive, the average investor isn't. It's a balance between the positives and the negatives. More copper, tick, less processing capacity, cross, is where we are now. We look forward to two ticks.

On a positive note, since JLP bottomed from the long term downtrend there have been three spikes of increasing size where positivity has overtaken negativity in investors eyes and 3 consequent troughs where sentiment has been assailed by reality and negativity has taken hold. It's the herd instinct. As Frogkid said some time back, you would expect a pull back after a significant rise. My amateur charting says there's a 60% chance we are at the bottom of the trough for sentiment at the moment. The next week will confirm or disprove my charting.

Anyway, having breakfast with my wife who is fit and well this morning, not out of the woods, but better than prior to her operation already. Feeling positive and she's ok with me averaging back into JLP (her son no longer needs my JLP money to buy out his wife's share of their house). My point is, everyone is different, some exist just to attack others, strange but true, everyone has a different viewpoint of the world and JLP. The charts and indicators let you know where the balance of opinion is and if it is changing. Good luck and stay positive, it's who you are. Bought a few back on Friday with my emergency money at 6.57p, was it a good move, I say probably, you say yes.

Sorry - too late to help but it's results out Monday. Might not be spectacular as the rise in oil prices came after the reporting period. The good news is to come soon with gas project coming online in next month or two on top of increased production and increased selling price for the oil assets. Today's announcement underpins JSE's expansion credentials and has caused a flurry of buyers to take or retake an interset.

In the Sunday Roast Leon said production fell initially to 50% and then to 40%. Presumably of the capacity prior to the upgrade to the front end.

A run of good news would be most welcome, good start.