Member Info for Kalan

Good to see a negative poster Toobs. It keeps us all honest and makes us be wary of the downside.
If you could be a little more intelligent (scrub that), a lot more intelligent with your posting it would be a bit more useful. It is too easy for us to totally disregard what you post because it's all so moron.c. An I where the dot is.

Got to agree with Bluebelly on the BMR shares - it would be nice to get them out of the way. In the short term they are holding back shareholder value (not really destroying it as the situation is only temporary). At 3 or 4 million volume per day the constant selling of the remaining 20 million shares will hold the sp down. However, as recently as December we had 50 million shares traded in one day - a repeat of that could remove them at one fell swoop. On the last couple of significant rises we have had 100 million and 140 million shares traded in one day - so any news would soon dwarf the BMR shares.
The sale by BMR is providing a sustained opportunity for investors to pick up what appear to be very cheap shares - rather than destroying shareholder value they could be seen as presenting the opportunity for folks to create their own shareholder value - just looking at it from the opposite point of view. Hoping to buy at 2.35p or 2.4p - a bit closer this morning.

From what Leon has said I think the future of Platcro is:
1. Extract chrome and sell.
2. Extract fine chrome via a replica of the DCM fine chrome unit being built and sell.
3. Transport pgm rich waste to Northam for extraction and sale.
We don't know the details or current figures or current income or current costs.

Hi Boards of UK - 2012 platinum was about $1600 and palladium was about $700.
In terms of the value of Tjate, which is what JLP was based on back then (plus Middleberg hopes and wishes), then the halving of platinum and the doubling of palladium has left the Tjate project three quarters as good as it was since Tjate has double the amount of platinum to palladium.
IF and it's a big IF, platinum were to rally to $1200 then the overall picture regarding Tjate would be the same as in 2012, which means there is great potential upside in reallising the value of Tjate. But that's more hopes and wishes. For platinum to re-rate we need oe or more of: palladium being replaced in catalyctic converters by the cheaper and more efficient platinum (likely at some point); hydrogen cars, buses and lorries becoming mainstream; a reallisation amongst the public that the new diesel cars post scandal are better for the environment than petrol cars or; a lift in gold prices dragging the platinum price up as an associated precious metal. The odds are in platinum's favour I think but the expectation that electric cars are taking over has yet to be disabused by the reallity in the minds of most.

In terms of ongoing operations then Middleberg and power alt are the comparitors for the mousetrap and other projects. In 2012 the ongoing operations could not produce enough operational profit to cover company overheads. The question we are awaiting the answer to is do the current operations cover the cost of overheads. In the period to end of 2018 I would doubt it but it will be getting close. For the quarter ending March 2019 we have additional income from DCM chrome, DCM fine chrome ramping up, Platcro chrome, Platcro pgm ramping up all on top of Hernic production. Extra costs will have been incurred but overall the current quarter could be the one where we get to start making a profit overall but we may not know this for another 7 months. Kabwe will provide massive income as could rolling out fine chrome plants across our operations and the operations of other pgm producers but at what cost and where is the money coming from. No placings = massive re-rate IMO - we just need clarity on the financial pathway we are going to tread - not something that JLP are very good at sharing unfortunately.

Expecting a really good quarterly update in April Weeble and a stonking one in July. The finances due to be put out in the next 3 to 4 weeks should show improvement but not be a game changer IMO.

think there may be a little speculative rise based on expectations of interims on the 7th March. A bit of a tricky one this as JLP normally report the necessary and add some 'since the report date' information but with the quarterly report not long after we may get a short financial only at the end of March as in years prior to 2018 and a lock stock and barrel update in the operations report in April - we will see.
Leon seemed confident and is now quiet - for good or bad - who knows?

Isphahan this may be better - the right hand column tells you how long ago that someone posted on the various discussion topics. Add to favourites and choose favourites bar and it will be at the top of your screen as a link at all times.
https://www.ii.co.uk/discussion/tags/lse:jlp

Indicators approaching oversold and lots of negative posters. Your brother probably timed it just right 3 card.

Isphahan:
https://www.ii.co.uk/discussion/t/mining-weekly-article/1147349

Good point re Tiger Resources Moneyhawk - once owned a few of those trying to cover more companies with the same money - sold it at a slight loss when the downturn came about 10 years ago - interesting what they have in there. Also look at Artemis strategic Assets fund for the top holdings there - well respected fund manager gives away his thinking when you look at the top ten investments: 10% ETF gold bullion and 2.7% ETF physical platinum.

You are right sumoskier that a plan hasn't been revealed for Kabwe which is why I put it down as a potential positive. I am also befuddled that the sp isn't taking any notice of pgm prices, but that's what the charts indicated in the short term, the next week or so may need to Play out but a rise over the next 1 to 3 months looks very likely in my humble assessment - we need a Humball assessment from ii to inform us.

To be accurate jeffry, platinum is not catching up with palladium. Platinum up $11 and palladium up £32 - the gap is widening but both are rising which has to be good. We are at $857 which is only 43% of the value of platinum at it's peak - so a long way to go. A doubling of platinum from here is unlikely but not impossible and would likely send our sp up 10p or more just on the value of Tjate - but that's quite some move.

Good point moneyhawk. Leon said in the last update that they were rolling it out to all our operations. No ifs or buts - so he must be confident of its success.

It's the quiet that gets to you. Wait until you see the whites of their eyes.

meanwhile palladium at $1524 and platinum at $854.
Platinum has broken out above the 200 day moving average.

Positives known - PGM basket price rising. Hernic breaking records. DCM back up and running for chrome. New fine chrome at DCM producing since early January. Platcro chrome signed off nd producing for us. Platcro PGM production in early stages with Northam. Kabwe under our control.

Negatives known - no pgm permission, plan or production from DCM.

Potential positives - fine chrome roll out within JLP. Fine chrome deals with majors. Platcro pgms become cash positive. DCM becomes cash positive. Kabwe fast track is designed and implemented. New deals done for new sites in new countries to diversify further.

Potential negatives - cash income not enough to meet demand of early stage projects.

Do the two potential negatives outweigh all the positives plus potential positives. I say not, the market says maybe.

Looking for 9.5p here. Would probably be ok with a takeover at 6p but then invest in the company doing the takeover.

Two main reasons for uncertainty - the last rns said that some 3rd party agreements were needed and should be forthcoming (admitting they weren't certain). Secondly, the political situation which should cause delays to the signing off process. Sentiment has been knocked and people buy and sell on sentiment, not facts. Presenting a massive bargain it would seem - holding all I have but holding off adding some more just yet whilst the muddy waters clear a little. Indicators starting to look oversold for those getting ready to add.

That's my family - from the people's republic of South Yorkshire - a miner's lad and a former miner myself - joined the Labour party at 18 and loved the Labour people I met - decent, caring people wanting to give the poor opportunities. I have benefited from those opportunities.
This Labour party is no longer worthy of the name - it is a communist party in all but title. On top of that they have all the lessons of the old Soviet State to call on - bullying and intimidation, the internet 'thought police'. Watch out 'big brother' is watching you. The young have been convinced that Corbyn's ideas are new and fresh (you can't blame them, they haven't seen it before), whereas, we older end know that it is all just a re-run of past failed policies that can never work. On top of that Labour has decided that they love Muslims and hate Jews - what is that all about? People are people.

One person is an absolute embodiement of all that is hateful and detestable about the Labour party and that person is Owen Jones - he is vile. GLA Have a nice day.

Self taught amateur charting tells me:

The share has been in a long term downtrend with no significant bad news - indicating that sentiment has fallen due to lack of patience amongst speculators and investors alike. The past 3 or 4 months appear to have seen the bottoming phase where folks aren't willing to sell much at these levels but others are only dipping their toes in rather than taking the plunge. We have had a series of lower highs over the medium term but the last high was higher than the previous high which is a break in the downtrend. We now need to see a higher low to confirm the downtrend is over - as we stand the low in this phase has been 2.3p whereas the previous phase was as low as 2.05p. On the face of it we have seen a higher low but this won't be confirmed until the next upturn happens.
My overall feeling is that the share has bottomed and is now starting to gear up for a move up but in the short term, RSI, stochastics, MacD, Bollinger bands, and moving averages suggest sideways movement with a re-visit of 2.30p to 2.35p before we see any upward movement.

The advice I am giving myself is that a long term uptrend is likely in JLP commencing some time in the next month or three. So hold what I have and look to add on weakness which should be starting now. I get my hands on a chunk of money tomorrow and so put some of it in over the next week when we may be able to buy at 2.4p or 2.45p and hold some back for early April prior to the 17th April update and invest more then.
All a bit boring and uninspiring from the charts right now which may be agood time to build a larger position. On the fundamentals - it all looks great for the next 4 to 5 months but there may be positive and negative things we do not know. Got a decent holding here and adding with caution over the next 6 weeks.

asaiaka - this is from the last quarterly update on 17th January:
Leon : "I am particularly pleased with the commissioning of our advanced fine chrome plant at DCM, which is delivering chrome concentrate to target specifications since early January. The fine chrome plant is targeting the recovery of chrome from the approximate 620 000 tonnes of chrome material contained in the existing DCM tailings. We intend to implement this technology into all our other operations in the near future."

Looks like a full quarter of production from the fine tailings will be included in April quarterly figures - but not up to full operating speed for most of the quarter one would assume.

Cheers Troajan