Member Info for Kalan

You could buy at .31p on opening. You can still buy at .31p. They dropped the bid to see if anyone is daft enough to panic sell. Answer - not so far - well no of any significance. So nothing has changed - panic over. We await production news as ever.

If / when it goes back to 40p it won't bounce as high flushfrank but still a very decent profit to be had - back to the shorters for now.
You know I don't think it would matter what VRS were producing - it's firmly in the hands of the traders, the shorters and the rampers - it could be making artificial horse manure for all it matters to the share price or the traders.

It's just water - it rains a lot here.
Drove from top of England to bottom yesterday and saw lots of flooding - all on flood plains next to watercourses. Don't buy a property built on cheap land next to a watercourse and don't encroach on the banks of the local stream with paving , concrete and buildings - they need room to expand in times of high and persistent rainfall.
Sympathy to all those flooded out or caught in floods - but we are doing this to ourselves through sheer ignorance and then blaming, God, the Government or the new old favourite climate change. Have a good day - the sun's coming out in more ways than one.

Yes I noted they said zinc lines. Don't know if that is important or not.

Hi Oiltap - probably not explained myself very well.
JLP bought Sable to refine the waste products from Kabwe. The company are now describing Sable as a central processing facility for 3rd party material. This is some change in emphasis.
Secondly - for the most part the rns is written in one font but some additions are in a different font - is this to flag them up deliberately or a late addition or revision to the rns to cover an ongoing situation i.e. a spin. The Sable refinery acting as a central processing facility for 3rd party material is in a different font in the rns.

This looks like a spin doctor at work re-branding Sable as a 3rd party material processing centre whilst simultaneously explaining away vanadium and lead production on prices and timings etc.
IMO the processing at Sable is going to be far more (or totally) 3rd party at least for the time being. Is it because of the licensing and delays / major problems or is it because they can make more money short term from whacking through the zimc from Star Zinc whilst drilling and proving Kash'tu.
There is a definite change of emphasis.
For clarity I own a small amount of GLR and no JLP at this point.

From JLPs last rns:
" Jubilee is actively engaging with 3rd party suppliers of both copper and zinc ore to develop strategic partnerships as part of the expansion of the Integrated Kabwe Operations"
and
"The Sable Refinery, which acts as a central processing facility for third party material in the region,"
Note that the first statement is written in a different font in JLPs rns to the other bullet points on Kabwe - in other word the Kabwe section has been deliberately edited to add the 3rd party bit - they are either covering the bases of a priority change or deliberately flagging it up.

It would Padmaster, especially if Star Zinc has become essential to JLP rather than just an optional sweetener.
Net present value of £60 million has been mooted on this board. I think GLR shareholders would balk at £5 million especially if JLP need GLR as much as GLR need JLP. £30 million anyone. Or somewhere between the two figures. Star Zinc only or Star Zinc and Kash'tu or the whole shooting match.
Colin and Leon must have had these discussions. At least star Zinc gives JLP the options should the tailings be temporarily unavailable - all speculation of course.

Snore

Know it all.
No it all.
Mm.

No not clever enough - I don't know what I don't know. I know that for a fact.

Very funny posts Charttopper and snafleman - both made me chuckle.

Yes Minor we are a bit slow in the old thinking department - if I had been as quick as you I could have paid .7p for my shares last time you were touting them even though a placing was imminent.

Looks like they have done quite a bit of groundwork and construction of concrete supports as well as producing the copper plate.

Can't argue with anything you posted Tiger - we can only work on what we know which leads to creative thinking - have added the bit of spare cash I had this morning - don't hold much but at least I have a bit of skin in the game at an average just below .45p. If it comes off then there will be a good mark up.
IF JLP produce copper and Zinc from sable without any tailings then they are in the same position as the previous owners - the locally produced copper and Zinc at Star Zinc and ka****u were always available, I would assume, and they closed the plant down. Over simplifying I know but the real attraction of Sable is for the Kabwe waste as far as JLP are concerned. Not bought back in there yet - something has changed at Kabwe, chrome has sunk but PGM income should have risen markedly but is being soaked up by purchasing rights and fitting out Sable. Overall less attracted to JLP for the time being - a bit of clarity needed - a podcast would be useful just to re-affirm the plans.
Only betting what I can afford to lose here - banking on Colin getting a licence in essence.

I think I may add some more to my punt here Oiltap - the licence should trigger the rest given what JLP keep hinting at. The deal wasn't a big deal for JLP compared to Kabwe but suspicion is growing around what JLPs plans are for Kabwe in the short term at least and Star Zinc may be more important than previously thought. Not as clear as it once was thought to be at any rate.

I just had a quick look Michu at ther funds they have and gave up after 10 minutes trying to track any maximum amount they held in SAVP - accepted the figures given by posters on here - thanks chaps.

If the Miton theory is true then it took 3 months to offload about 38 million shares and there are about 47 million left at end of January. Straight line that gives us end of May to clear them out.
However 1, the volume has dropped so not as easy to sell them.
However 2, they may not be selling them all as they are not liquidating their funds - they are selling of some of their assets.
IF Miton hadn't been selling then the sp could be 35p 40p 45p and we wouldn't be so critical of the company or it's cEO - we are just whingeing because the sp is down and we don't like it. IF the Miton theory is right then buying the ones they sell would be sensible - they are a distressed seller. Bear in mind that other institutions may have been holding back buying as they knew Miton were selling - when Miton stop and other institutions join in buying then woosh.

The grades at Regua are expected to be 3x those of La Parilla - so they only have to mine one third of ROM to get the same Tungsten - that's what makes the trucking feasible. They then get 10% concentrate so need 10x the lorries to ship it as they do the finished product from la Parilla. Mining costs low and transport costs high. The grade mined and the level of concentration are important for the bottom line, which of course Troajan knows.
The net result is that the production from la Parilla is de-risked and then hopefully enhanced by the production from Regua.

Slip cup many is there between a lip and. Re-arrange into a well known saying - this is AIM - we all know the risks - constantly repeating them doesn't seem to help at all does it. Nor does trying to belittle others.
Life a DB get.

My thoughts were that the volume of sells needed time to be sorted out max - I may be wrong.
The next price drop here looks key to me from looking at the charts - If the sp manages to remain above 40p on the next fall then we may have the start of a turn around and a potential bottom being put in. Falling below 40p could mean that this is just a dead cat bounce on the way down. For holders - 46p is certainly better than 40p - so some comfort there at least.

I had cut that yesterday but forgot to paste it - thanks for sharing Oiltap. Have contacted GLR and the Zambian mining authorities by e-mail to find out if the licence has been applied for and how it's progressing - not sure if I will get any replies but worth a try. Have been holding off on a top up - would like to know the application went in.