Member Info for Kalan

If the market was forward thinking with JLP then I think 9.5p would be in the offing, but it's hard to think forward when the goalposts keep getting moved further into the future. Let's hope that's the last of the Roan delays. It will re-rate when folks are certain.

Cheers Nelson - very hopeful she will recover fully - on the JLP bus - I think you might be right - try not to be too clever. The shares in a clear uptrend unless it fell all the way back below 5.5p which is highly unlikely so maybe not be greedy and just get back on as funds allow. There is a chance that this is the bottom anyway but it's not confirmed. I'll buy what I can for now and stop thinking about it.

the sp should be exactly where it is. all of the investment world has access to everything that's out there and this is the conclusion the market has come to. a drop to the 200 day moving average (then at 6.5p) was always on the cards from the recent peak, the 1 year chart was absolutely clear on this when it peaked at 7.5p ish.

there is strong support from this moving average which is now at 6.6p and the sp is hanging onto it. the long term downtrend (remember that) which we broke out of on the last rise is now down at 6.1p to 6.3p depending on which line you choose (i know it can be vague can't it). when i was a forced seller due to my circumstances a couple of weeks ago at 7.35p, there was another asset i could have liquidated, but comparing the two charts it was obvious jlp was going to drop. i'm now in a position to buy some of my shares back and maybe all of them some time next week (need to check with the other half first and she's in surgery). my mind is a bit all over the place at the moment but was thinking of buying a first tranche about 6.4p if i can get them and then adding around what i hope will be the bottom over the next week, averaging in.

anyone else looked at the charts and indicators who could help me out - please, please no ****ging off or name calling - i've come on here to distract myself and don't need any more hassle. any positive help would be welcome.

(as an aside - chrome production and price is up and copper is being produced at an increased selling price, pgm down marginally - in terms of revenue(leon's favourite word) that's looking better but have folks factored in costs and thought about profit? from memory staff costs were up about 15% last year and fuel about 47% - just from memory, not lying if that's wrong, read it about a month ago.) the fuel costs are going to be addessed with solar on the waste rock project so these costs must be at the forefront of his mind.

Dbh has pulled me up for saying this. Mikiesunday leaps in to castigate me. Gray1 now has to distance himself from my opinion on this, quite rightly.

The only problem is I DIDN'T SAY IT. dbh made it up. I said it wouldn't be a problem due to the placing. Others have said the chrome production would hav cash flow covered anyway. Different opinions. Both could be correct

I DIDN'T SAY IT dbh so the ho erable thing would be to apologise and retract it.

The keeping JLP afloat bit was more a reference to the past. My opinion re the last placing was that the IRH deal was convenient, shall we say, as a small smokescren for working capital. As Gray1 says this is in the past now. As soon as Roan picks up to 50% 60% etc capacity the cash flow should start to be positive IMO. Don't think they will run out of cash after hat las placing before the end of June when Leon has promissed an increase in the amount of copper produced. He chose his words carefully to be sure.

These will probably be out in August.

Had a quick look at last years output figures and for pgm, chrome and copper this years figures might be remarkably similar.

the income and expenditure from each will differ. PGM income down but no real costs over and above last year. Chrome income up markedly due to the selling price, but eaten up by the ongoing first module at Thutse. Copper probably up a reasonable amount but costs associated with Roan and the over run will probably account for that.

Thinking about what Happydays said on new feedstock coming in not affecting the price, if you are not JLP savvy and look at the results for this year, then not a lot will seem to have changed. The only really obvious thing to note would be that pgm prices and placings kept JLP afloat and now it's chrome prices (and placings? not trying to stir up an argument)that keeps JLP afloat.

The explosion in profit won't come until later and will only be reflected in June 2025 figures. This may go some way to explaining why JLP is a great opportunity whose value is not reflected in the sp. Just musing, it might be more to do with mistrust or a bit of both.

Forgive my ignorance but what do you mean by posts from the boiler room.

Here are a couple of facts gotreal.

At the time of the RNS on the module being tested and complete, everyone, except one person, thought it just needed dismantling, shipping painting and re-building. I categorically stated that I didn't believe the electronics could have been sourced, made, fitted and tested. I was rounded on by you, Ardbeggar, seisnav and shuvlin - not one of the 4 of you (or is 1,2 or 3 of you) have had the good grace to apologise for calling me a liar.

Secondly - you are a small minded, rude, google cut and paste expert, history trolling, argumentative t....er of little consequence.

Ahh that feels better.

Things are definitely going in the right direction. Montara becoming a diminishing part of the portfolio in terms of %. Oil price improving margins markedly. Atakara closing in on production.

Having said all that I'm not really expecting the results next week to reflect much of that as they are for the year up to end December, I believe. We may get some post period update from the CEO with a little new information.

Hi Gray1. Ive bought and sold lots of times over a 15 year period. Recently bought at 5p and sold at 6p when it was pumped. Bought again about 5.5p and sold at 7.35p. Sold because of my personal circumstances but the yearly chart looked poor at that time.

Waiting for things to change on the home front before I get back in. Want to buy and hold until the middle of next year when I'll review it. Not worried about not being in at the moment. Can't see any rush to be in as things stand. Of course positive surprises can come along. JLP is more of a distraction for me at the moment but all being well I intend to come back in with double what I had in before, I'm that confident, but also realistic. Good luck to all holders, if I get left behind it's no problem in the grand scheme of things. Don't think it will happen though.

They don't want to get it Gray1.

Gray 1, Frogkid, Edzi et al. Keep posting - the debate has ratcheted up 500% due to you. Honesty is seeping through - when they start name calling (derampers. negative etc, you know you've won the argument). You all own shares here but are realistic. We are all going to make money and sharing can only help that process IMO.

Accept your point Northern. If JLP borrowed capital to invest in capital projects then no problem. When they raise it from shareholders it's not quite the same in my book. There is zero doubt in my mind that JLP did the placing when they did because they were running out of cash due to capital expenditure on Thutse and Roan. IMO they are spending more than they are getting in right now and are robbing Peter to pay Paul (love these old sayings). By that I mean using the money from the placing to finish Roan - even the parts officially allocated for advanced waste rock purchasers. It will be a while before we get the financials to prove I'm right. But I'm quietly confident.

It's no biggy in the long run but the over run is costing money.

When money comes out of the same pot, it's expenditure, spend more than is coming in, it's cash flowing out (net), the accountant labelling part of it capex doesn't change that unless he gets extra money in and we all know where JLP get the extra money from when needed.

Not playing any games - just saying it as it is - can't see why people have a problem with that.

Anyway- great investment this - from RNS, expecting Roan running by end of May/ mid June, fingers crossed and production to be higher than where it is now by end of June, with nameplate production by mid to end of July. Based on what the RNS said.

Well true to my word bought some more this morning. Average is 28.75, happy with that after a first purchase at 37p. Who knows, might be in profit later this week.

P.s. can't see IRH signing on the bottom line until it's proven to work at Roan, but then I don't know them like I know JLP so could easily be wrong.

The long term prospects are excellent. the medium term should see JLP turn truly cash flow positive. The short term continues to be problematic. I and others have flagged up everything that has happened in advance of it happening. Looking at JLP through a clear lens allows you to read between the lines, focus on the unsaid. Serious question - when will Roan be fully up and running to nameplate. Not the end of March (that was never promised - just start up), not the end of April (this was promised but surely we all knew the electrical components weren't going to magic out of thin air). So when will it be (no date promised this time) - best estimates please. We'll leave will it work to another time.

"Don't be so hard on yourself Kalan"

Nice one Busby - I know when I'm beaten - knocking the king over as I type.

No reason at all Dorfan - as you've said before - it's all about time frame - LTHs hold. New investors wait for proof or speculatively buy - everyone has a choice.

Arguing with some people is like playing chess with a pigeon. The pigeon is check mated in 4 moves, and then, onlivious to it's overwhelming defeat, stomps around the board as if it's won.

Excellent thought provoking points Gray1 - really stimulated the arguments. Even got Mikie to say that cash flow is limited.

Folks are always wondering why the share is undervalued, Gray1 proposed several reasons in his well thought through posts. The short term obstacles infuriatingly get in the way of the medium to long term rewards - been like it for a few months now. One day rodders.

IMO the sp has settled after the flurry of investment on readmission and the pull back is bottoming. The charts are a bit unreliable after just a few days trading but Ive gone ahead and added to get my aversge down to just over 29p. Thinking of getting a few more next week.