Member Info for Kalan

Good link Jonah.
Yes I liked that Graham "“You can’t be around forever and not pay a dividend,” he says.
Also no point going for little projects when we can do big ones.
Also phase 1 of Kabwe will fund phase 2 and then we will be self financing. (a little bit of the old Colin vaguery in that part).

Scottish remainer then tiverton - nuf said - let's move on and hopefully upwards.

You make good points oldskool whether we like it or not. Unfortunately we only have theories.
Theory 1 - wres are running out of money and investors are reluctant to put in good money after bad - mm doesn't ring true - they are up to their knecks and won't throw it all away for a bit extra - unless the whole shooting match is producing mud instead of metal.
Theory 2 - they are producing metal and selling it - it's touch and go on the cash front and they may not need another placing so are delaying as late as possible.
Theory 3 - there will be a placing and investors are playing hardball - not wanting to pay 0.5p this time and they are negotiating.
negative, positive or inbetween? Who knows? Holding and waiting- although starting to look oversold on the old charts mmm - top up anyone?

Ah cancel my hotel booking. Listening to Colin talk about JLP will be like that boring SNP bloke Blackford talking about the UK by saying Scotland Scotland Scotland except it will be Star Zinc Star ………..

Today's go to chase it up, everybody is buying no brainer is Eurasia mining. Price has quadrupled in 2 days due to exercise of warrants meaning no more placings for the foreseeable future.
Worth noting that at today's peak EAU were worth £50 million on the basis of £2.5 million annual revenue.
This should double next year to £5 million annual revenue.
JLP may be on £2.5 per month revenue before the end of 2019, rising to heaven knows what next year and yet is only valued at £75 million.
The pump and dumpers are all over EAU - they will be back here again - in that case 10p+ will be easily achieved. 20p anyone? 40p?

Is EUA really worth the 50 million it was priced at earlier this afternoon? Think about that before you plunge in. The big pumpers have already bought and sold - be carefull - Use what you have learned from FRR!!!!
Good luck - make a fortune.

Had a good look at some charts and indicators this morning. The JLP ones aren't saying sell or buy to me and I am expecting a little bit of weakness in the early part of this week which is shown up in macD and stochastics. However, longer term charting says we have further to rise with 4.7p being the short term target and medium to longer term up to 10p and then 10p plus. Holding and waiting. news is promised next week on the performance of Windsor along with more detailed explanations of the recent deal for those who haven't understood it. A little bit on Kabwe copper would be a nice bonus piece of news.
(For Tiger and Total trader - also had a look at GLR as I expected the sp to rise a bit above 0.5p and it did that with ease but then fall back to the placing price of 0.4p by the time shares come to the market on 1st November. There are 125 million shares becoming available to sell which people only paid 0.4p for and they can currently get 0.53p. For the fall to the placing price to happen the sp would need to tank by about 25%. The charts and indicators suggest that this will happen IMHO - not posting this on GLR as I do not wish to influence or be accused of influencing any fall - but wanted to share with Tiger and Total Trader as they have shared much valuable information with others - please ignore if you wish as I could be talking total carp).

Normally on these interviews the interviewer has a sort of world weary look on his or her face - here we go again a typical CEO promising the world but it won't stack up again. However, this time the interviewer seemed genuinely surprised at how good the deal looked and seemed eager to find out more. I sensed a genuine excitement from th interviewer and a new found confidence in Leon. he 'owned it' as they say.
Leon cleared up one point which I must say I hadn't realised the importance of - the extra 1 million times of tailings purchased in with the Hernic deal is closer to Windsor than I appreciated it and jubilee are already processing it as we speak. He is very upbeat on the new deal and on Windsor.

4.7p

p.s. + Kitwe?

Originally DCM and Hernic contained "in excess of 4.5 million tonnes of pgm bearing material. 800,000 tonnes were at DCM, leaving 3.7 million + at Hernic estimated.
Further detail was added as below.
From 25th March 2015:
"PLATINUM SURFACE PROJECTS
Further to the conclusion of the HOA with Hernic, the surface materials have been drilled with 1.7 million tonnes being classified as a Measured Resource, under the SAMREC code, in a Resources Statement produced by SRK Consulting. A further estimated 2.5 million tonnes of material was drilled by Hernic."
This is now reported as 1.7 million tonnes measured resource and 3 million other which I assume is the 2.5 million drilled by Hernic plus the fresh material added in the intervening period.
So after amateur detective work (always needed with JLP) we have at the current time at the site formerly known as hernic:
630,000 tonnes containing only fine chrome +1.07 mt measured resource containing coarse chrome, pgms and fine chrome 2.5 mt drilled but not measured (to industry standards) + 0.5 mt fresh stuff?
Anyone want to correct this. Looks like we have more than the 4 years you suggest Billy but what exactly we have bought I am not sure of. certainly there is plenty of chrome when we do a deal on that as well as pgm's. In short your figures probably underestimate the benefits of the $5 million deal.
The market likes it.p.s. pgm's on floor at DCM +chrome being churned out at Windsor and pgm's being produced for us by Northam at Eland and copper production ramping up at Kabwe and future earnings from vanadium, zinc and lead at Kabwe will dwarf all of this. This time next year ……...

Took some profits elsewhere and re-directed them here this afternoon. Did the same for my grandchildren. They have a policy of diversifying across risky assets. They believe they have the time to wait for it all to come to fruition. Canny for 4 and 6 year olds. One was just out of embrio stage when we started the severn takeover lol.

Spot on moneyhawk.
Hi Billy boy - there are fixed overheads at the Hernic plant. depreciation on the plant and machinery, the wages of staff, heating, office costs etc. So when we increase production we only increase costs by the variables such as energy and materials used in processing. So we increase throughput by 15% but the profits go up by a larger amount since some costs are the same whether we produce 1,000 or 2,000 ounces. The 30% is just a guess. Whereas 15% extra throughput and 1.4 million current monthly revenue are estimates. Hence guesstimate. The $5 million outlay is a fact.

Hi Jonah - also from the interview - Leon seems keen to get the chrome rights, in fact excited by it - but Samcor seem to be in the driving seat on that one. In the meantime increased throughput will ratchet up profitability and pay back the 5 million fairly sharpish - quick guesstimate on 15% more throughput giving 30% more profits of $500000 per month = one year payback.

Hi idg69 - firstly you have my sympathy - I believe we have all been where you are .
Never listen to a neighbour, taxi driver or ramper of a share - easy said.
Have had a quick look at FUM:
Charts and indicators show we are at about 50% re-trace from an overhyped top so may be ready to consolidate but may drop just below 20p if it doesn't. The share is in an established downtrend but is a little oversold at the moment and is due a bounce as it is outside the normal range of some of the indicators I use. A bounce to 28p is quite possible and could go above 30p but this is less likely. My instinct says sell into any bounce (use the RSI to help pick the point and also stochastics may help along with MacD) and buy back at around 20p/22p on continuation of the downtrend if the above indicators are suggesting a local bottom.
In the real world - this share is a binary bet - the medicine works or it doesn't. People got too fixated on the upside and now they are beginning to be too fixated on the downside IMO but not all and not yet. Currently the company are presenting in the USA and this could be /is the catalyst for a bounce as folks new to the company decide to take a punt after the presentations. The event runs for a couple more days I think. So some may buy on Monday or Tuesday - this may be the opportunity to sell some or all.
At some point the share will bottom and this will be when anticipation of good results starts to overtake fear - you may know when that is likely to be better than I do.
Money - due to run out in Feb / March and so a placing is likely which will depress the share price.
Possible strategies - 1. Sell into the bounce currently underway and buy back half on a fall to 22p ish. Then hold onto the rest of your cash in case there is a placing.
2. Sell all into the bounce and wait until a placing is done - risking missing out on massive good news.
3. Hold on forever as you believe it will come good eventually - stop looking at the share price for 6 months if you choose this.
4. Sell half into the bounce and buy back after a fall to 22p ish or placing - keeping the rest as insurance against good news.
Research only took me 10 minutes so not really in depth but it is unbiased - probably the only unbiased opinion you will get on the share. Good luck and remember when you feel stupid - we all are - you are not on your own.

Hi Billyboy - my take on your post specifics.
We have been reliant on the site owners to scoop the carp up off the floor for us - 'take contro' seems to mean that we will be doing this as we now own the stuff outright and will not be under utilising the plant due to the site owners inability to feed the carp in fast enough. I think that is what it means.
As for processed waste - I believe this is the stuff we have put through the plant and has coarse chrome and pgm's removed - I think that Leon is alluding to the fact that this processed waste still contains fine chrome - perhaps this is why we have not seen run out of the fine chrome process to Hernic yet - we needed to secure the rights to the fine chrome to make it worthwhile building a fine chrome plant.
All my take - going to watch Leon's interview now.

all me a clown to my face you coward troll. Pick your venue.

And there we have it - mega ramping brings out mega de-ramping (awful made up word) - every action has an equal and opposite reaction. You deserve each other.
Reality - it's been delayed, the consequence is we have a stockpile on the floor (hooray) but it should have been turned into metal (boo). Masterman still spins as usual - more investment (code for money to keep paying the bills) is imminent - hence this little sweetener rns which hasn't worked. We are behind schedule - the project is great - the sp accurately reflects the risk and reward. Holding.

Posted by minor miner 3rd October:
"I'm reliably informed by Kalan that there will shortly be a dilution of between 40% and 100% here.
Good luck to all genuine investors though."
Shares plus warrants (if executed) - 60% dilution.

12 months performance:
Jubilee UP 79%
GLR Down 59%

Past performance is not a guide to the future so GLR could do well from here - let's hope so for those invested. Please ignore Minor miner - there is no quality to his amateur ramping and attempts to annoy investors in JLP.

Posted by minor miner 3rd October:
"I'm reliably informed by Kalan that there will shortly be a dilution of between 40% and 100% here.
Good luck to all genuine investors though."
Shares plus warrants (if executed) - 60% dilution.

12 months performance:
Jubilee UP 79%
GLR Down 59%