Member Info for Kalan

Spot on again as usual Edzi. Personally, I wait and Wait because of my long knowledge of the company and also I use charts (sorry dorfan) to help pick entry and exit points. The investment is based on fundamentals though.

My concerns, which have held me back from investing since I looked back in at around 6.7p are/were:

1. The strong long term downtrend - the worries have been balanced on this due to a reasonably strong support line from the bottom at 4.6p though to 4.9p and indicating a bottom MAY be in.

2. The Roan fudge on timescales due to front end electrics and dismantle and rebuild. Again worries reduced as Leon has acknowledged this now and saying end of April rather than end of March - expecting further slippage but the market now knows this.

3. Cash flow - the placing was rushed through because they were running out of cash - the reasoning that it was to fast track the new waste rock project was a cover - this is done - cash flow is no longer a problem.

4. PGM's are bust and JLP are soon going to be dumping them on the ground when the chrome upgrade takes place - a decision needs to be made about trucking and tolling to Northam. The chrome/ pgm situation needs a wholistic approach not an engineering solution that doesn't positively affect the bottom line - still to be resolved.

5. Leon is an engineer who doesn't always have the cash in main view - again addressed due to the newish financial expertise now on board - risk assessment and prioritisation now being costed. The solution to 4 above will hopefully be made on financial grounds rather than just engineering excellence.

It was the chart situation that led me to buy at 5p on the nose when the support line held. The share is still in a long term downtrend but the band width may just have narrowed to 5p to 6p for the near term. Below 5p I need to buy more, above 6p I need to buy more. Bushy will buy if it goes above 6p IMO - ultra cautious - you don't lose money that way - he knows that 5p may hold and that's why his posts yesterday took a downward turn. GLA. Have a nice weekend.

Excellent post DRU - good to get a view from the Continent we are invested in. Hope to hear more from you, although you will have to put up with the very few children on here who still think they are in the school playground. 10 minutes actually doing some mining might help them grow up a bit.

I noticed that too moneyman - the 1% of share capital. However, when the sp gets above 7.5p you will be much more interested in those warrants. When the warrants are taken up, a large proportion are then sold. given the low turnover of shares on a weekly basis, the warrants can then have a large impact on the share price. e.g. Share price 12p, warrants taken up at 7.5p - extra sells tip the balance of trades and the sp drops to 9p. Every time the sp rises for the next 3 or 4 months, more selling drags the sp back until the warrant shares have gone. Not of immediate concern of course but at some point in the future holders will have that problem, we hope.

P.S. can we give over with the Bushy did this, said that, wrote this on HUM. It's so boring, let him post, read it, take it in or ignore it as you will just like any other poster. Do an Elsa - let it go.

I first invested in JLP at about 19p and it shot up to over £1. It was a total stroke of luck at the time but it's had me returning repeatedly ever since. Best to buy the shares when it's had a torrid time and then hold for better days. the other way round isn't so profitable. It was all based on Tjate new mine back then. Endless drilling. At the end of it they just sold off a small part of the proven mine area to an adjacent mine for working capital. (Twichenham ws it? - the memory dulls). The merger with Braemore and the Leon connection took over after that. The new mine was too expensive and conroast was the future. Lot's of false dawns along the way including purchase of energy generation capacity. Lot's of expedient projects by Colin. The current plan is as good as any they have had. Having watched the presentation - my main 2 concerns were addressed to some extent:

Leon is stating that Roan will be at full capacity by end of April - I would snatch his hand off for it being up and running but we live in hope: and

Cash flow - convinced more that ever that without the recent placing JLP would have run out of cash - not the case now after the placing so less concerned so long as Roan is operational sooner rather than later. Good luck to all us holders. Lol.

Mike - your post does not make sense.

"Kalan, there hasnt been one single transaction at 4.65 today! More lies inferred from you. I’m actually viewing Bushey as classy compared to you and he’s not very high up in the food chain!"

I said it is bouncing off a support line FROM the 4.65p, which of course we all know was a couple of months back. I bought at 5p and I AM NOT A LIAR, please go back to being Mr Positive and stop trying to copy the vitriol being spat out by Gotreal and increasingly Seisnav.

I post that I've bought and give a reason why and balance it up by admitting it's a gamble because the long term trend is down and you have a go at me. Why?

p.s. two people responded to my request for help with charting and one of them was Bushy and he offered some useful advice regarding taking a possible punt within the ongoing trading range. The self appointed 'nice' guys need to take a close look at themselves. Excellent posts from Edzi over the past week - thank you.

Seems to be bouncing off a support line from the 4.65p low. As soon as it hits this support line. Buyers appear. Ist tranche bought. Trade or hold. Doubling up if it drops to next support line. Which it could easilly do. Could go either way from here but long term downtrend dominates until it's briken. As Bushy said.

I'm glad Heroic is still here - seems like one of the nice guys to me - they are in short supply on the internet.

Any chartists out there with any positives (Barchart have 88% sell recommendation). Starting to feel like we are entering the capitulation phase of bottoming - anyone more technically gifted than me want to offer some insight?

Spot on Edzi.

Lots of positives (genuinely lot's of positives.). Roan upgrade should be one month away now but it's 2 months (or more).

Chrome is looking great but won't hit the bottom line for about 9 months due to re-investment in chrome expansion (very wise). PGM's are going to struggle to wipe their noses.

What are we missing? - the above - why are we missing it? - I don't know, it's all been said often enough and been rubbished enough.

I am going to invest here - but what's the rush - the sp is still in a long term downtrend (perhaps a flag being formed - keeping an eye on it).

Sentiment needs to turn - where's the catalyst? Roan - well that got pushed back a month or so (it was screemingly obvious).

Key sp's to watch - support 4.9p 4.6p 3.2p.

- resistance 5.7p, 6.2p.

Perhaps tomorrow will force it up through 5.7p and the holders can have a good laugh. We'll see. If so - I'll join in and have a good laugh at myself. I'd deserve it lol. GLA. Keep smiling.

Well you have 20 years experience of Leon TG5 so I'm not going to argue with you. Leon does have exceptional technical knowledge. Good to see the Mintek conroast r and d didn't go to waste. I think Wendy would have been eased to see clean up of years of polution at least. As you say, for investors it's the ponds, shillings and pence that matters. I can see elements of Colin Birds training in Leon's updates. Always read between thelines and listen to the positive and negative views. P.s. Bushy Tailed gets some hammer on here for his walk on the negative side but he's not a patch on you back in the day. Lol.

TG5 the original neigh sayer on JLP if I'm not mistaken, the other side of the coin to the much missed Wendy Durham. Hope you are well TG5.

Gotreal started abusing me about 5 years ago - more or less as soon as he turned up - very sad individual - surely no-one takes any notice of what he posts. Always positive despite holding from 22p down to 5p and always nasty. Freud would have a field day.

Agree with all those positives. Leon has said that the chrome profits will pay for the chrome expansion which is good. Pgms are as dead as a dodo, down over 3% today. Going to be rangebound between 700 and 1100 for platinum imo. Copper is the key to bottom line over the next 6 to 12 months and then copper and chrome after that. Copper is belatedy ( I think that's Heroics justifiable point) delivering what was promised. Just thenext 2 to 4 months to negotiate. About 13 weeks is my guess or 13 Roan cup finals LUFC1111.

Seisnav. My posts do NOT make any difference to the share price. Trying to have a balanced discussion. I don't detest you because I don't know you. I really am a very nice guy with no hidden agenda. Pity folks can't believe such a person exists. Good luck with your investments.

im fine thanks. my football teams not doing all that well though. got a few bets on leeds for promotion. very lucky with the old covid19 thing. i don't know a single person who died or even got more than a few symptoms with it. as i say very lucky. i stopped posting because i decided to cut out all of the things and people that were negatives in my life. unfortunately on these boards you can't just converse with people like you and edzi et al. hope you and yours are all well. up the pea****s.

Heroic. You're my hero.

Factually... have they produced 3 ? No.

Are they promising 5.8.? Yes.

Do we doubt it? Yes.

Why? Because Roan increased production has officially been put back 1 month and will likely be more. Leon is being optimistic in somehow catching up the delay. He may achieve it. My 15 years in the mining industry followed by 20 years following JLP make me think it will take longer and cost more than planned. Usually much longer. Watching and waiting. P.s. Heroic does not deserve the vitriol of the nasty brigade because he expresses an opinion. The nasty people then block the nice guys. Audacious. Pps. I'm not stupid.

Heroic - to all true believers, the truth is lies and the lies are truth - it's just like a religion to them. All built on lies which they declare as the truth. Weird but true.

Spot on Nelson the Dog - all looking good for LTH - the future is copper and delivery on time and on budget. It might be worth averaging down when Roan ramps up maybe end of May - possibly look to add shares at the end/ mid April depending on delivery, build up of the mechanical parts and manufacture, delivery and testing of electrical components.

Long term it's about copper assets, medium term it's about ramp up of copper production, short term it's about delivery on promises and cash flow (less so after the placing).

Roan upgrade:

" The timely completion of the Roan upgrade is key towards achieving the copper guidance for the full period due to the expected significant step-up in copper production this project brings. Initial delays suffered due to international logistical constraints have been addressed by reprioritising local production of key remaining components. The Jubilee technical team continues to actively push the implementation timelines."

and

"The copper processing module will be in production and contributing to the copper production by the end of April 2024."

DESPITE SAYING THAT ROAN UPGRADE WILL BE COMPLETED BY END OF 1ST QUARTER AND INVITING SUNDAY ROAST TO COME AND SEE IT FULLY OPERABLE IN APRIL. WE ARE NOW PROMISSED END OF APRIL AND THE OMISSION OF FRONT END ELECTRICAL COMPONENT MANUFACTURE IN THE LAST UPDATEHAS BEEN ADDRESSED IN THIS rns. (I emailed Leon asking for clarity on this matter).

Cash flow:

"The Group had £5.0 million in cash at the end of the period (30 June 2023: £12.6 million), noting that, on 4 January 2024, the Company raised £13 million before expenses through an equity placing to fund its Zambian strategy and growth." £7.6 million cash burn in 6 months (costs of pgm's up 24%!!!) At £1.3 million per month the company would be out of cash by early May (about the time Roan extension may be starting up to production - possibly). The placing and extra $4 million dollars taken for general operating purposes may have been crucial - depends on pgm prices and the 60% Roan income already coming in.

THE CASH FLOW SITUATION WAS/IS A CRITICAL AND WITHOUT THE PLACING JLP WOULD HAVE NEEDED A PLACING OR BORROW TO PROP UP THE BALANCE SHEET.

GLA - I'm staying out. (p.s. long term prospects look good and a 100x better than SLP.)

I give up - a sensible discussion is not possible with closed minds.

Re- imposing my 3 year silence - it's not worth the effort. Might post when I've bought and when I've sold - anti-social media really is the pits and humanity is all the worse for it. GLA - don't bet your house.

My apogies gotreal. You are totally correct. I'm a massive deramper and now I've been exposed I will change my ways. Whoo whoo. The train is leaving the station. 9.9p by the end of next week. Roan up and running. All parts secured and manufactured and installed by end of Msrch. 42% from new project for certain. Buy buy buy. The only way is up... baby. I'm so confident now that I'll buy your shares that you held at 22p from you for 22p. Omg it's so liberating to be a believer. No questioning needed. No need to balance the pros and cons. Such a relief hallelluyah. Praise be. Thanks gotreal, enlightened and humbled.

Additional.

Noteworthy that WHI cap platinum at $1100 and palladium $1200 and copper average at $8800.

Low cost operations not commodity price increases are the key here and gives JLP the edge over miners.

Also a correction to my post I said 9.5p target in 18 months and WHI indicate 3 years to reach 9.9p (albeit a conservative estimate).

Buy and hold JLP to get rich slowly and as always try to buy low and sell high. GLA.