Member Info for Kalan

Excellent post 3rd degreesouth - the word 'purposely' chimes with me. The institutions which have started to buy into JLP (one in particular) will know the full picture and are buying whilst PI's who know only part of the picture are slowly selling (note Jammer's post). With the advent of 6 monthly reporting the PI's have a long time to become disgruntled whilst the ii's have a long time to acquire from the disgruntled. Or have I just got my rose tinted JLP glasses on. Holding until it turns and soars. GLA.

Silly imature little man.

"Kalan - you're not welcome here with your ill informed garbage.

Go away."

You go on JLP board and spout drivel and are treated with curtesy and patience in spite of this. Now you think that you have the right to decide who can post on which board - deluded to say the least. I will do you a deal - you stay off JLP board and I will stay off here. What do you say Wayne.

So am I gameangler - after the placing.
Colin is trying his best to get the sp up to limit dilution - he is doing the rounds and repeating the mantra.

He also bought Kashito extra 15% by issuing shares to preserve cash - good move if his publicity works out. Fingers crossed foa all who are in here - waiting myself because I have seen all of this before. Incredible potential with such a low market cap.

I was told at the start of investing never to invest in a country governed by muslims. By a muslim I might add. Broke my rule for a quick in and out play on the drills. It started well. 30p to 40p but the rest is not how I planned it. Averaged down and now in for the long haul.

Not much new in the rns - the positive is that they are going to apply for a licence very soon and the report gives them some ammunition to do so.
How the application will be received is difficult to judge as the report only gives inferred resources rather than the much more reliable indicated resources or very reliable measured resources. The authorities may need better quality JORC before issuing a licence (I don't know). What we do know is that GLR don't have the cash to provide it.

On the one hand Colin is saying that £10 million profit is there for the taking and on the other the report is saying that the resource can 'probably' be mined profitably. There is a big difference between to two.

Worth a gamble with a small percentage of your cash?

It really annoys me on these boards when folks pontificate and say it's quite good but or the share has drawbacks but. People should put there thoughts down clearly and simply with no ambiguity - is it a good investment or not. Is the CEO any good or not. Do they deliver on promises or not.
Yes I am talking about you 'Luckcounts'. Get off that fence.

Bought some for the grandkids portfolios. They aren't working on a 3 day timetable. Is this cheap - yes. Is there the prospect of the sp rising significantly - yes. If things go wrong do they lose everything - no. Will the sp be double the current level at some point in the next 10 years - 90% yes from me - so in the portfolio they go.

Calculation on GLR - 6.5% dilution for a further 15% control of Kashito - on the face of it that doesn't look a bad deal.

That's a very repetitive way of saying you don't understand a word of it.

That's a very repetitive way of saying you don't understand a word of it.

Minor Miner - that is 8 weeks old - we have seen it, digested it and bisected it. It's Colin practising his art of wishing and hoping and being the king of vagueness.
He basically says - there is some stuff at various % zinc from below 10% to 25% or more he hopes. he also says that JLP wouldn't want the 10% and below stuff and will be interested on a sliding scale from 10% to 20%. he says he is hopeful of 12 to 18 months supply to JLP with revenue of possible $18 million (not profit) IF he gets a licence WITHOUT a JORC compliant resource estimate and IF he gets a contractor in to 2 bench a pit that can access the exact areas that JLp would be interested in and IF he has enough cash to see it through and IF he can meet an exacting timetable where some elements are out of his control (he didn't actually state the last two because this is / was his pitch for more cash). Stop being so smug and listen to the justifiable concerns of others when thinking about your investment - it may well be of benefit to you as our posting on here has been to us - we are more aware because you are biging GLR up but don't expect us to put aside all that we know already, which is plenty.

MinorMiner - I hope that GLR get to mine/dig up the Zinc deposits that they have and supply it to Sable. It 'could' enhance the earnings for JLP and profit both companies.
For JLP shareholders this is a side issue - it is not of massive importance.
For GLR shareholders this is absolutely fundamental - it is boom or bust.

As a JLP shareholder this 'appears' to be of benefit to our company but there is a concern that Colin will use his position to let the tiny tail wag the massive dog. i.e. JLP may not get the best deal available due to his position.

As a GLR holder I would be hopeful of a deal and of a contract and of timing the production and of influencing JLP to amend their Sable plans to incorporate GLR material. My concerns would be the time frame, the licence, the funding, other Zinc deposits in the area and JLP having started up the plant without taking into account GLR material due to their own economics and or the uncertainty that GLR can provide it for the previous reasons.

Possible scenarios:
1. GLR scrape stuff up and supply it to Sable with a licence granted and it is put into the mix by JLP and GLR gets company changing revenue.
2. Colin is spending the last money raise on his and others salaries, licence application, paying for Kashito, paying an extra 15% for Kashito, drilling and trialling and that he will have to come back for a placing to get all this done. This time the placing will be below .4p and maybe .3p if he needs more than last time.
3. GLR prove up the resources(also needing a placing or two) and JLP buy them with revenue stream from Kabwe in 2 to 3 years time.

Let's hope it's number 1. for all GLR holders. I could be a GLR holder in 1 minutes time, we all could. My experience says it is possible that GLR holders are going to make lots of money in a short period of time but it is much more probable that they are going to be looking at losses in the short and medium term and those patiently looking on may find an opportunity to profit from GLR at a later date. Of course I accept that I may be totally wrong. You on the other hand appear to have no doubts whatsoever in your analysis of the situation. I sincerely hope you are right as we will all benefit.

Sable ok without mined zinc. Yes it would be mutually beneficial if glr had mined zinc to input. When. Who knows. As for rare earths we have been here before. Colin the oportunist. He has stimulatrd interest which is what he needs. No further comment.

Everything moneyhawk says is true but the reason that Leon is repeatedly mentioning it in interviews and in rns' is because Colin wants GLR promouing. He needs to raise more cash.

Agreed sumo - cash in the coffers is what will move this - the money is just starting to roll in in earnest. Hernic is now fairly consistent and we are now adding income from DCM chrome and fine chrome, Platcro chrome and now platcro pgm's via Elland.
We need to spend on fine chrome at Hernic and Platcro, pgm production at DCM and Kabwe. We don't really need any other expenses at the moment.
Of course deals with majors who will provide their own funding and will share profits with JLP would be fine and dandy as long as we retain the intellectual rights.

0.5 resistance and then 0.56. Still think we will have .7p once production through all of the mechanisms is confirmed and 1.4p once we see the profits.
Agree with climbingwooster that the market has an eye on MM and a possible placing - can't see us getting through .56p until we see that the threat is over i.e. cash flow positive.

You got me stealthtax - my grammar was incorrect - you win - we stay in the EU.
Still no argument for why though - at least safetyman gave an honest assessment from his point of view so I ticked it up.

Stealthtax "Kalan, enjoy your democracy, well your idea of it anyway. When the £ is worthless I wonder who you lot will blame that on? - Not your own decisions I bet."

The pound has dropped by 12% since the Summer of 2016 - this has made our goods and services cheaper and led to the boom in our jobs creation.

The countries of the EU can't rely on a mechanism to react to the fluctuations in their fortunes like we can. being trapped in the Euro means that countries like Greece cannot get out of the trouble they are in. If they left the EU then they could let their currency fall to make them competitive and get them out of trouble. Italy are in the same boat and the EU, having forced them into this position, then bails them out (well Germany does) and puts ever more stringet controls upon them as a result - the power grab goes on and on - if we were to stay in then at some point in the future we would be told to accept the Euro and merge our armed forces into the European Army - ever close integration is the mantra, whatever the negative effects on the people - Brussels will control absolutely in the end. We are the first to leave but we won't be the last.

"Voltmeter, incorrect. The uk joined the common market in 1973, the vote was to remain. The yUK has been as responsible for any changes as any other country in the eu. Spineless tory politicians called the 2nd referendum to try to manage their disintegrating party, and before you tell me about the 17odd mill who voted to leave, you should appreciate that left 29odd mill who didn't."

Or put the other way round 15 million wanted to stay in and 31 million didn't - none argument, using your logic we could never elect a government.

One thing is consistent - in 3 years I haven't heard one single remainer explain with any clarity why it is a good idea to remain - not one.