Member Info for Kalan

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.

No Im not moving on bottoms up. Been here 20 years and not at all phased by newbies like you.

No Frogby, not spotted anything . This news is so old its got its own driving licence and yet some greet it like its a pleasant surprise. Its wearisome.

Reallity. Most punters live from rns to rns and at JLP are wsiting fir two or three overdye updates. An rns drops in. Yippee. Ah its not what ee are waiting for. But they could have attached an update or combined. But they havent. So overall for sentiment its a negative. The market makers try it on by nudging up the ask whilst not offering more for your shares. A few folks fll for it. Small amounts. And on we go. At least the share stuff is approved but dividends and buybacks are for the fairies.

Deary me.

Deary me.

Only if they keep dropping the price bottoms up.

Market makers being clever NevT.

They have a couple of sells for a million and over a third of a million.

They raise the buy to 3p and we think the share is turning a corner. Fomo kicks in and they offload the near 1.4 million with a larger margin. Put them through as late reported trades. A nice days work at 0.2p profit instead of 0.05p.

They owe you a good update sumo - you've stuck with them through thin and thin - time for some thick.

Should be out Happy. We all know the results will be poor and in that case I would delay them as long as possible to post the "after the end of the period" upbeat message - they will be hoping to post, guidance is lowered to 3,600 to 4,000 but post the operational period we managed a week with x amount from Roan due to the successfull introduction of dewatering and the use of the new (now middle aged) front end.

It would be sensible, the longer the delay, the more worry creeps in. Fingers crossed for all holders it's this week and it's positive.

Agreed eagle the potential is great.

Very funny frogboy.

Nice positive weather forcast Harmprof. Apart from the hydro situation, but JLP has cleverly swerved that problem we belueve. Roll on El Nino.

Eagle - I too thought there was an opportunity for profits/royalties to JLP - it has been posted on here. Thank you for correcting.

Also I would only lose credibility (quite pleased to know I did have some) if I repeatedly promoted JLP as a good investment despite all of the evidence going back 20 years.

Excellent post Chatmandu - really good advice. Bottoms up is a couple of years from retirement and to have millions of shares in JLP is reckless to say the least - I sincerely hope it comes off for him and many others who have been here a long time. They deserve better.

19 years ago this company was worth 122p per share - it has fallen 97.6% in value. If it had risen in line with inflation it would have gone up by 72% to £2.10.

The real fall in value allowing for inflation has fallen by 98.6%.

In all that time there have been those that constantly push the share and those ( me included) who have bought on the hope of jam tomorrow.

I now only hold this share when it's rising (or attempt to), to hold it when it is falling has been an absolute disaster for investors. It has been falling most of the time.

Ignore me - I have no credibility.

I respect seisnavs expertise and knowledge of JLP.

I have zero respect for gotreal.

Chatmandu obviously was an investor in this company, as was I, over many years.

He, like myself have, as he says, done a risk assessment hrre and see very large risks as well ss thw stories that are being told.

My wife has litened to Leons interviews, unwillingly over many years. At the end she always says, why would anyone believe anything he says.

Why am I still hete? Because I know a hell of a lot about the company and the characters that run it and most importantly, I know there is a community of people who follow ir with a religious zeal. There is also a group of pump and dumpers who visit thw share every couple of years. They are clever and organised. When they arruve it is usually as news is iminent and it can be pumped. Put together the news, the pumpers and the extra magic ingredient of religion ( the holy JLP and their sainted Lth) and you make a profit as long as youre in and out.

Why post? Because Its my human instinct to help others. To help the scales fall from your eyes. Chatmandus posts are thoughtful, reflective and anlytical. Hes not trying to talk the price down IMO. I dont believe he can and nor can I.

We may miss out, on the first part of any rise but we can buy back in easilly. We will definitely miss out on any fall.

I will buy again.

How to decude?

Charts, indicate sentiment, watch then carefully. Certain punters turning up - same names each time. The JLP crowd attitude. You know its bad when they are nasty. Information in terms of numbers, production and funance, not hopes, dreams and newly invented oprtunist stories.

Ill let you know when I buy Chatmandu. Its your decision of course and I for one would be pleased to hear your opinions.

P.s. one poster on here has slagged off the company for weeks and then did an amazing about turn to be uber positive. Strange, not a word of critucism. Ah hes seen the light. A forgiven sinner. When he flips the other way again. He'll get hauled over the coals. Its really amusing.

GLA. god bless Jubilee, god bless Leon the disciple and of course god bless the prophet Colin Bird, who first brought us the word. We heard it and it was good.

It gives the ability for dividends and buybacks couerdelion but it won't happen. And yes there is badly structured debt. Leon got around this at the sale time by saying the copper assets were unleveraged. Technically he didnt say no debt but no debt secured on the assets.

Leon is Starmeresque in that way. He didnt lie but deliberately withheld the whole truth.

ALWAYS read between the lines in any JLP communication and dig to find the full picture and real reasons behind any actions they take.

They sold in SA because they eere over a barrel and couldnt fund yhe copper. Now they can fund the copper after the SA firesale. The question is can they manage the money wisely to arrive at profit before they have to dilute or come back to shareholders for more cash. The SA business says Leon has the technical ability. The copper story so far has been of repested miscalculation, filure to understand the nature of the climate and massive underperformance. A bet on JLP is a pure bet on Leon getting it roght and Johnny managing the cash flow. Put up or shut up from a punters point of view. Im shutting up.

For now.

Someone is offloading shares in large chunks. The share price is being lowered by marketmakers to draw in buyers to take up the shares yhat someone is trying to get rid of.

Agree Sumo Jlp are delaing results and guidance in the hope that dewatering lifts copper output from the hitherto virtually unused front end.

The figurws arent going to be pretty. I think they are hoping for one good week to raise hooes and guidance. 3,600 to 4,000 is likely IMHO.

Slaters last 2 TR1s.

June 2024 total fell below 12%.

April 2026 total fell below 11%.

Just for the record. Was only trying to be helpful, Happydays asked a question and I replied as another poster had missed the rns.

Thanks for the correction Mikie. Slater has added to his holding apparently. So be it. Probably irrelevant, I think he bought at 13p so his track record on JLP isnt great.

Put 28% of my Jlp Money into chinese investment trust. Up 2.5%. Alsp 20% into bitcoin related share. Up 16% in 4 days. Sold that for now.

Keeping 50% ish back for JLP if and when they get some copper i crease at Roan before year end.

There was a notification (TR1) a couple of hours ago Forest...

Sold about 35 million shares it appears.

My recollection is that they were drilling to the South of existing pits to find the other limb of the mineralisation.

Maybe the topography causes difficulties to the North - would it mean skimming off the top of the hill?

I'm sure they will clarify the position 🙄

Ah yes Bluebelly. You did tell me that a couple of years ago. One day Bluebelly. One day.

Good find on the sulphuric acid bottomsup. Have you bought fully back in now.

Good to see speak the truth 4everlong. Fingers crossed for you that this time it will be different.

On the charts. They show JLP ticks up as copper ticks up, but mutedly. The difference is down to company delivery. There isnt a delivery element to the etf.

IF JLP deliver, all of that underperformance can whipsaw the sp up. A reason to hold. Fomo as 4everlong said. Unfortunately the curren years actions reveal more of the same. More massive underperformance or non performanceon sime elements. This time next year Rodders. Not heard from Rodders fir a while come to think of it.

Good to see speak the truth 4everlong. Fingers crossed for you that this time it will be different.

Often happens with late or late related trades Fishy. The workings of the minds of market makers is as unclear as they are clever.

Looks like we have the same take on JLP Junior L. The risks are all near term IMO and the rewards more medium and long term. So I'm out for now - the JMK presentation did NOT fill me with confidence, to say the least.

They withdrew it Happydays.

junior 60,000 per quarter at 1.8% with 70% recovery gives 756 tonnes per quarter, about 3,000t per annum plus Roan, another 3,000, who knows, the finance bloke doesn't.

Should be able to break even on that. So long as they achieve any of it, get bridges repaired, they don't get washed away in next rainy season, de-watering works, Roan front end works, costs don't continue to spiral out of control (ever since they said they were focussing on cost control), they can continue mining in the next rainy season, they can get a supply of sulphuric acid, they spend cash wisely and not at a rate that depletes cash in hand to the point they need to borrow/ raise more.

|This is not a negative post - it is reallistic - 6,000t would be great, even if far below what we thought they would be processing two years ago, but you have to factor in risks, as outlined above. To finish on a positive - if they get 6,ooot and finally do something with the LWP without running out of money (Leon said the money from S.Africa sale was multiples of that needed for Zambia), then we could have a big re-rate here.

Not holding any shares at this time.