Member Info for Kalan

Thanks for sharing Billyboy and great to see some old name re-appearing - Oldrongo and Geng for example.
New facts that we were pontificating about.
The price for the chrome is $90 per ounce, not $40 or $ 100 to $150 that we were discussing.
We do not have the rights to future waste that is being stockpiled.
So both slightly more negative than we hoped.
Platcro getting benefit of pgm and Chrome and can put through instead of 3rd party material - the benefits of this to the bottom line are huge.
Meeting the 3 payment deadlines will be tight even though it is 30 working days.
All other aspects are confirmation of massive positives IMO.
Geng - welcome back - I see your charts are working just as well as always - not worried by WRES as I am at break even overall - thanks to your low introduction tip and my profit taking. Wouldn't recommend wres to anyone else but happy to hold.
As for JLP - I sold half at 4.7p when it hit my target - holding the core for 10p ish. Been watching to see if 4.2p holds - then if not 3.7p may be on the cards (4p also psychological if not historic support) - so no you are not being greedy looking for 3.65p - well perhaps a bit - will start to pick up at 3.85p and downwards if it comes - good luck you chancer - be good to have you onboard for the next leg up (could be a 3 bagger with little or no downside risk). Should have good figures out this time next week but stonking figures in Feb / March and the cash payments to Newco will be in the past by then. Holding and adding when the charts give the sign. p.s. I remember posting something similar about waiting for a lower price to top up a few years back and news swept it away from me - so as you know - no certainties in charting.

What is the primary metal produced by EUA? ANs = platinum (89% of income)
Are EUA actually producing anything at the moment? ANS = I don't know - most Russian alluvial producers have shut up for the winter as stated in the post by Jarv - anyone know whether EUA are still producing?
How much cash does EUA have to see it over the winter months? ANS = if they are producing then prob yes, if not then prob not.
How much does EUA receive per ounce of metal delivered at the refinery? ANS = only know platinum (which is 89% of income - last year it was $570 per ounce - probably about $650 now - no way near the $1800 touted by some on here in valuations).
What will the ratio of palladium to platinum be at the open pit mine? ANS = everyone says 3:1 but website says 1.06 ounce palladium to 0.56 ounce platinum.
How much is the company valued at professionally if a deal is struck? ANS = not seen any but I came to 9.2p for open pit and 0p to 2p depending on what you put in as costs and production. Someone posted earlier 8p to 10p after research and I would agree.
How much is the share worth if no deal comes about? ANS =0.5p to 1p as the market said.

So risk and reward - it's up to you -what are you willing to pay? What are others willing to pay (see charts)?
Buy at 4.5p could double your money on a deal or you could lose 75% to 90% of your cash if it falls through. At 3.2p it's a potential 2.5x to 3 x gain and a loss of 60% to 80%.
3.2p sits about right with me - a bargain at a lower price. I prefer other investments with lower downside and similar upside when the sp is above 3.2p - good luck - onwards and upwards.
Would like to know if they are still mining - if you know jarv.

Nice work Jarv

sxxswe - people say stuff on bbs like this - 95% is false or made up.
The charts tell you what they are actually doing - not what they are saying - ignore them if you wish - I find them invaluable in picking buy and sell times - but the overall decision to invest should be based on fundamentals as you say.
The level of knowledge here is dubious to say the least - who can answer the following questions about the share they are invested in.
What is the primary metal produced by EUA?
Are EUA actually producing anything at the moment?
How much cash does EUA have to see it over the winter months?
How much does EUA receive per ounce of metal delivered at the refinery?
What will the ratio of palladium to platinum be at the open pit mine?
How much is the company valued at professionally if a deal is struck?
How much is the share worth if no deal comes about?
I know most of the answers but I doubt anyone can tell us all of the answers and some who own shares do not know any of the answers. Good luck - everyone is making money irrespective of fundamentals and charts - let the good times roll. I feel sorry for the newbie who has learnt lots about tree shakes - he has a long hard road of learning ahead of him (first one to learn - don't be afraid to take profits, second one - 95% of the stuff you read on the internet is false).

Tonwin - the market makers now they had the big sell there for the taking - so they lifted the price to give them a nice margin and let people buy the rising share in advance. Then bought the big amount of shares to give them a nice profit. Now this big sell is out of the way - the sp will move according to buy and sell orders. There was no tree shake - the price was in fact artificially raised to get folks to buy at a premium to the seller to ensure the market makers profit. They are simply doing their job - making a market to their own advantage.

Thanks for sharing Jarv55 - excellent channel. The share price has dropped below the bottom trend line so should we be worried?

You could be right donotpanic - the share has been in a very clear uptrend channel since it dropped back to 2p. If the share stays above 3.2p then that uptrend is still intact and it should go higher from here.
If it drops below 3.2p I would take some profits as a significant pullback is likely to follow.
As you say this could be the bottom for today.

sensible posts minerirritant

Been back to bed - oh and thanks for the personal attack - a bit of a give away.
So you are on here to warn us that this share is a bad one to hold because you are a nice guy - that's fair enough - I have done that myself - tried to warn others that what they are being told isn't quite true.
HOWEVER - most agree that mm can't be trusted, that deadlines have been missed etc etc - we all know it - why do you keep on saying it day after day after day after day...…..
Either you are a very sad individual who likes to predict the pain of others and then revel in their agony as you are proved right - or you are trying to get others to sell so you can buy into that volume without the sp rising and then all of a sudden every post will be positive. Either way - do us all a favour and post something new and intelligent or just give it up - we all know the facts. We know we know we know.

p.s. is it time to rename Kabwe?
How about 'Jubilee Environmental Project @ Kabwe'.

I am with Rosewall - itching to put my money back in - all of it (still have 50% in) - just waiting to see if 4.2p holds first - 4p will be strong resistance and 3.7p should be very strong support. If it sets off up then all to the good but history has told me that I love JLP more than some others do - so edge my bets.
TT is right, results were out on 14th November. The last interims were to end of December so we will see what effect the 6 months to end of June has had on the bottom line. Hernic continued but with rising palladium revenue, platcro chrome income was coming in for much of that 6 month period, Platcro pgms will have little or no impact for that period, DCM fine chrome for a bit of that period and Kabwe will be a bit of a cost in that period. Overall we should see a marked increase in revenue giving JLP another year on year % increase in revenue. Hoping to see more on what the fine chrome can give us and the implications for hernic and possibly platcro. (for DCM read dilakong, for hernic read Iyonyi, for Platcro read Windsor, for platcro pgm read eland etc).

I agree with devilsbeast - the next rns will be upbeat on any production and will have a placing attached. We all expect it - we have been told it is going to happen - so what, all of that is factored into the price - that's why it is at a 30% discount to the last placing!
Any surprise would be production being meaningful and generating cash or the placing not being required - they would be the major surprises and would lead to significant upside.
Keep on posting the same stuff we all know devil - speak to the hand - the face ain't listening. Not selling - waiting to buy more and the more desperate your attempts to scare us into selling the more desperate you and your cronies are to buy.

Last post - so Rosewall, TT, myself and some others top sliced or sold most on the recent rise - we blame market makers and rampers, de-rampers, scare mongers etc but really it is always us - the investors- that move it. We all think JLP is great and the deals are great - but sentiment is what drives it. Buy for the long term on fundamentals and add or subtract to your holding on the charts - that's what I think for better or worse.

That's just the sort of thing I am prone to 34 degsouth - love simultaneous equations.
At Windsor I think that JLP will be taking a lot less 3rd party stuff now as they are already shoving through the extra 1 million tonnes purchased which is close to Windsor so we get chrome and pgms (shared with Eland) - pity no fine chrome at Windsor yet.

Thanks for your good wishes and all the best to you too - not sure my track record here is as good as you give me credit for but managed a significant profit for the third time. Once more unto the breech dear friends. (in a Shakespeare mood - been watching Gnomia and Juliet with the grandkids - again.)

I top sliced 50% as I ended up buying more and more at the depressed prices and having set a target was disciplined (this time) and took some back out . My fingers are itching to put it back in - I keep telling myself there is no rush. If we get to 3.7p then it's all going back in. Meanwhile I do have 50% still in for that surprise move back up. Never easy to get the entry and exist points right but the longer you hold a share the more in tune you get.
I am looking shorter term than TT for the market to see the money here. Feb and/ or March should see a massive percentage mark up in revenue and earnings. The fine chrome looks to be working really well and both that at DCM and Windsor chrome and pgm's will be added to the bottom line in Feb / March. hey ho back to buying on weakness.
p.s. I would like to post when I sell but people get really upset when you do that - they accuse you of 'de-ramping' so I have stopped doing it but will post when I buy. No-one minds a ramper.

Short term headwinds due to delay - can't meet current expenditure with income. Therefore, short term uncertainty as to raising cash - CEO has outlined how this will be sorted - there is little trust in the CEO- outcome - the share price reflects the short term uncertainty and is at a 30% discount to the last placing. Anyone buying now as a newby would not be too unhappy with their investment - those underwater will be a tad upset.
medium term the company should be able to meet expenditure from revenue in the next 0 to 4 months IMO. At that point we can start to look forward to revenue outstripping expenditure and forecasting a return on our investment. We should get a relief rally in the sp once we know we have cash in hand to see us through to that point.
Longer term - we have debt of £30,000 plus and projected EBITDA of £15.5 and a market cap of £20 million.
Assuming £8 million to £10 million profit we could pay off the debt in 3 to 4 years and in 5 to 6 years the company could be debt free and have the current market cap as cash in the bank. This is without Regua. So I think we can see that the market cap is going to grow substantially over the next 5 to 6 years.
Choose your strategy:
Bail now at a loss.
Hold and get out at break even.
Hold and hold for 5 or 6 years to get your just deserts.
Buy more now to average down and then choose any of the three above.
I think I am going to add a few and then sell and buy and sell and buy etc as the share price gets depressed and inflated from time to time over the next 18 months or so. When we have full production and fully known income I will compare WRES to other investments and decide whether to stay or go.
It is tempting to walk away now - probably buying now would be the smart move - but who knows - mm probably does.

I had a short term target of 4.7p and top sliced at that - forced myself despite all of the positives - the charts do guide us to what others are thinking.
Got 4.2p as a potential bottom and I think we may see a rally / sideways movement from here but 3.7p is my backstop price. Having to really hold myself back from putting my topslice money back in as sideways to potentially downward is not a good time to invest - I keep telling myself. Someone appears to have unwound / are unwinding their position which has forced the price down. There are always those who will be happy with the profit they have and sell up and move on - still a long way to go IMO so just trying to time the re-purchase in line with what others are thinking. An interview with Leon could see a bit of a rise in the very short term.

On balance I would go with payback of just over a year given that although the chrome is virtually free now we still have additional small percentage costs. Looks like another excellent deal. The deals are getting better as Leon gains experience. Colin can concentrate on GLR -leons got this.

Quack quack were those ironic posts? An attempt at humour perhaps? They cannot be serious. If so then you must be the biggest amateur on the deramping scene. They made me laugh. Please tell me they were a joke. Chortle chortle.