Member Info for Kalan

Which is probably why the sp has retreated a little (as well as the usual cycle) - the punters don't quite believe it. If we take at face value everything that has been said and our own projections then this is a red hot buy - the sp slipping shows we can't quite believe it is really happening. An interview with Leon might just change that - and /or some great figures.

10p yes - next stop not sure - the need for more cash always has a dampener - but a solution to that small problem could see us get there relatively quickly.
(Not expecting you here 24/7 TT - you can take time off to perfect your slug balancing act).

A share price of 24p for 0.5p is a 48 bagger. 24p for 0.4p is a 60 bagger. I suppose I am being greedy - but this is stuff in the ground with promises, Colin's promises and wishing and hoping. No-one else seems to want to buy just yet so I'll give it a week to see how the new shares affect the sp.

Fair enough oldskool - what the professional investors call being prepared to pay more to know more. Good luck with your strategy.
I try to buy cheap and wait and wait for the market to see the value (also trade some popular shares from time to time) - the delay here has turned a paper profit into a paper loss unfortunately but sticking with it and seeing if it gets oversold to buy a few more as others are not always as patient as they could be. Hopefully we will both see profits in WRES but you may sleep better in the meantime.

Too right welloilbeefooked - I think we will allow Total trader to keep posting on here - he has his uses lol.

Good point Total trader - so good I had to read it twice to get your drift. If what you say is true then the payback could well be less than a year which would make this an outstanding deal. You may have spotted what the market has missed. Looking to see if 4.2p will provide support, if not then our very old friend 3.7p should do the trick. (Zak Mir was saying that staying above 4.4p (not sure if that's at end of day or week) could lead to 10p). Keeping an eye on it as it is still in bargain territory despite doubling in a year IMO.
Leon could not hide his excitement at the chrome deal so I think you may well be right about the price being much higher than the reported figure.

...have now been issued for trading - market cap £2.8 million due to new shares. Share ownership increased by 29%.
Should be interesting to see whether the new shares are disposed of at a profit or held onto by those taking part in the placing.
(Colin as repeatedly mentioned the germanium and silver credits - I believe these only come into play if they are above certain percentage - though I know little about this so can't be certain).

Throw in the fine chrome which is being accelerated and this is a very good deal for JLP. The pgm deal was excellent - this one I would describe as very good reducing to good if we end up with dilution.
The price of chrome can also rise of course

I believe we are getting £40 per tonne for the concentrate. At 10,000 tonnes per month this is £400,000 per month or £4.8 million per year giving a payback time for the project of 2 years and 7 months.

Absolutely agree Oldskool - can't trust Masterman - the cash raise is not a given (though MM did say that he and his mate were willing to stump up) - so we want it at a discount to the locals who have been on site and bought at 0.5p - how much of a discount? Currently can buy at .36p which is a hefty 28% discount for the uncertainty. What discount do you think is rewuired before you buy any? I am tempted to top up now- just musing it over - what price would tempt you in?

Spot on trading strategy Bullstop - I think selling above 2.5p is going to be much more difficult from now on but there should be still a 6 or 7% margin to be made for a week or so before it breaks down or up.

That's the one.

A selfish, self promoting, self interested nutcase - he has serious issues about his popularity and attractiveness - he needs to prove to himself what a great guy he is. Everyone says how great I am. He needs that next term of office - many are topping up on commodities and stocks in the belief that he has to do something to get re-elected - so true - no fake news here lol. Either base metals will go up if he succeeds or precious metals if he fails - JLP have both bases covered IMO - ramp.

Thanks for your reply oldskool. Agree with just about everything you have said. I don't trust masterman at all - he said no more placings needed for La Parilla and about a week later raised money through a placing for Regua. Shameful. Now he has needed to raise money for La Parilla anyway.
Why didn't the sp respond positively to the last raise at .5p - well it did for a short while and then the other part of the rns said they would need more money so that, as you say is why it is where it is now. we can't be sure that Blackrock wouldn't stump up more money or another lender. If they couldn't get money elsewhere, could you be persuaded to pay .5p? I couldn't. However, if I were sure that the profits are going to come in big time and the current sp is a massive discount to what is going to happen then I would want a share and also to cash in on that opportunity before it's too late and news is out. Under those circumstances I may be willing to pay a bit over the current price, but not if I thought no-one else would lend the money. So on balance I would say the last placing was a positive indicator (albeit in response to raising cash which the company should not have needed). Also the longer we go without a placing the more content I am that we are doing ok on cash preservation and maybe who knows, even on income generation? A risk as you say so not bet my house on it but I am in it with a chance to win it. What price would tempt you in on a risk/reward front?

All part of Trump's re-election master plan. he has been trying to shame the chair of the FED reserve to cut rates which will provide liquidity to the economy, whilst also increasing the fiscal spending and he has used the trade war with China as cover. |Next he will do a trade deal with China and the other far east countries - then he will declare himself the winner of the trade wars (they Chinese were crying and whimpering in their bunkers, so true, so I gave them a trade deal - I won) and let the economy rip - fiscal easing, low interest rates and a new trade boost - 4 more years 4 more years. Then out of control inflation but it's too late 4 more years 4 more years have been secured. So true.

Just waiting for those new shares to come to market before I commit any cash - I still think we could see a 20% drop here in the short term but no sign of any movement at the moment - can't see any sign of the new shares being admitted even though the rns expected it to be on or around last Friday - only one working day later so have to be patient.

Absolutely right oldskool. That's why the sp is at .35p to sell because all that uncertainty is well known and factored into the price. The magic masterman knows the situation and he and his friends stumped up 0.5p in the last cash raise even though the market had it about 20% lower - would this indicate to you that those in the know have not factored in the uncertainties in your post - precisely because they are certain. Honest answer please.

I echo that well done rong - well earned profit. Not bought any myself yet but hope to join you soon for the long haul if I can get in at the right price.

$12 to $16 million per annum revenue from the site formerly known as Hernic alone and now stretching into the future. Windsor is already processing the newly acquired 1 million tonnes (presumably in place of 3rd party materia)l - therefore increasing profitability on chrome as well as adding to the pgm pile for Eland which increases longevity.
Meanwhile Kabwe in early stages of copper production and profits from this to finance phase 2 installation at Kabwe for the currently rising in price lead and zinc waiting to be processed. Vanadium as well anyone?

Excellent info chaps. Thanks for sharing. I think JLP will 2 or 3 bag from here in the next 18 months. GLR could 4 or 5 bag from here in 18 months.
I haven't bought any GLR yet though.