Member Info for moneyhawk

I think from memory the NPV was based on Pt being around £1600oz, and Pt is the majority element.

But as you say, Pd and Rh have increased. Several have speculated over the past year or two that these increases compensate for the lower Pt prices.

Prices are worth keeping an eye on over the next few days/weeks. Silver is heading north, and other precious metals seem to be following. Not sure how much of Silver's movement is to do with the reddit crowd, but it's now getting on for a gain of nearly 10% in the past 24 hours.

It would be interesting to know which Jupiter fund is holding JLP. In the context of Jupiter as a whole, the value of their holding is pretty small. But it could well represent a decent % of the individual fund, and knowing which fund would give a better idea of what their objective/expectation is.

Troajan, very interesting,

re https://www.zerohedge.com/markets/reddit-rebellion-about-descend-precious-metals-market

If anyone doesn't know about whats interesting about it, read up on GameStop (Nasdaq listed) and see what happened there.

Yes, ditto what edzi said.

I'd add that if they haven't said something in an RNS, do not rely on it as fact that it will happen, especially where it is not something within their direct control. Look at the numbers and offical announcements to make your decisions. The various webcasts and interviews are always informative for a general idea of how things are progressing and to better interpret the offical information, but the numbers are what matters here. And the numbers are good.

What's the importance of knowing the name of a new shareholder? The first few IIs/major shareholders were a significant endorsement of the strategy, but now its just a case of the list growing. They're not going to increase our profit margins or increase our capacity. That's on LC, we know who he is, and he's doing a pretty good job of it.

Yes it doesn't really help much, and the same thing keeps coming on every board. The sum of the buys and sells never tallys with the volume either, so I don't know why LSE persist with trying to flag trades. e.g. today the volume is 34m, buy and sell totals shown on the main page equals 21m. So theres approx 13m that aren't even included in this sites buy/sell figures.

16.44 & 17.00 - Its not information being reported from the market, and nothing crooked about it. Its only an indicator that this website puts on each trade based on the mid price, its what the * means beside every buy/sell flag. Generally, a trade above the midprice is flagged as a buy, below the mid price its flagged as a sell.

If your buy is flagged as a sell, it means you've got a good price at that time. If you want your buys to always be flagged as buys on here, then you could trying telling your broker that you want to pay more than the best price they can get.

Pt, PD, and CU have all fallen a little in the past couple of days, and stock markets generally have slipped a little. Meanwhile we're on a 200% gain in the past 12 months (much more if you take the 12 month low). Doesn't seem to be a cause to panic, as others have said, SP rises are never in a straight line.

And I wouldn't have thought the new investors are overly concerned. They bought in a 13p believing theres gains to be made from that price. They wouldn't have bought in to day trade a few shares.

Yes it will hopefully be expanded, and at some point this year we’ll be producing both. Everything is in place, we have the material there, the plant is operational, we just need to finish the zinc circuit where it differs from the copper circuit

Also with zinc, we have some additional future sources of material through GLR, with star zinc and ka****u. But the priority very much seems to be copper at the moment, it’s more profitable. A good part of all of this is that if zinc prices rise and copper falls, we can switch between the two to maximise profitability.

Gray, yes we have zinc at Kabwe in the tailings, along with lead and vanadium. That’s the original reason for us being in Zambia, and then buying sable. Sable is to be used for processing those tailings, but the work to do this is delayed. The processes required for zinc and copper are fairly similar, and in the short term it looks like the plant capacity will be used for copper.

It probably is Miton, or maybe Marlborough. Unless CB is now calling tiger resources a blue chip investor

Odd thing to say Edzi. I have listened, all I'm saying is that there's no absolute certainty of the TR1 lots are expecting, nothing misleading about that. Neither is pointing out that operational earnings being reported do not equate to bottom line profits to calculate PE ratios. We may well get two TR1s, but its not guaranteed. I've been around JLP long enough to have learnt its better to be pleasantly surprised, than to take everything CB says for gospel and be dissappointed.

I'm not holding out hope for a TR1 to reveal the new II.

We're told - " two supportive institutional shareholders, one of which is new to the share register "

There were 111m shares involved. If they've taken an equal split, thats 55m each, or less if there were actually more parties involved than the 2 IIs mentioned. They'll need approx 67m shares to cross 3%. So unless they already have at least 12m shares or it wasn't an equal split , theres no TR1 for them. But likely that we'll get a TR1 for the other one that is not new to the share register.

It makes a good change imo. The different opinions now are about how much profit we're going to make, not when or if we're going to make a profit. A very positive sign of just how far we've come in the past few years.

He's not really. There are earnings at group level (profit), and then there are operational earnings for each project. The 6 month update is giving us details of operational earnings, not group level profit. Has often caused a bit of confusing in the years leading up to this, where we used to be told we're profitable, only to see the end of year accounts showing something different when costs beyond each profitable project are taking into account..

I've always seen a PE of 7-10 to be roughly what to expect in the mining sector. But we're entering unchartered territory here with JLP being in the mining sector and on the verge of producing substantial amounts of different metals without actually mining anything. So the risks and costs that are are normally associated with traditional miners do not apply.

We won't nessesarily get a TR1 for the new II. They'll need approx 67m shares to cross the 3% threshold, so it all depends on how many of the 111m shares they picked up, and if they held any before that.

True, but you're still talking about future earnings that have not yet been declared in audited accounts. And the same could be said for SLP of course, but even more so, simply because they are producing more PGMs. The flip side is if PGM prices fall, then SLP has potential to fall more than us as our future earnings are less dependant on PGM prices.