Member Info for Moneyman64

Ok -Bushyfailed let’s have your projected profit and loss account for the six months ending 30 June 2023 and let’s see who’s right -the hopless romantics or your self.

You claim the company is loss making and not generating any cash -this claim clearly is incorrect if you look at the three months ended 21/03/2023 for which production figures have been produced.

No one. can say where a shareprice will be in 6 months time -a combination of increased production and metal prices would see the shareprice way north of 10p or decreased production and metal prices would see the opposite.

Not ramping or deramping -just stating what could happen on what we know and recent RNS not blatant deramping which seems to be your only purpose in life

Ok Bushyfailed -tell us why Tharisa has fallen 40% and who exactly has being selling Jubilee -it is certainly not Slater.the simple reason the shareprice is down is a combination of lower PGM prices (likewise Tharisa) and delays in getting the Zambia project up to capacity.

Now please provide evidence that JLP is not profitable and of the death spiral capital raise you claim to know about

Bushyfailed comes in every day with the some ill informed opinion-it is interesting that he can see Tharisa is generating cash but can not see that JLP is generating cash and costs of PGM production for JLP should be lower than last year due to a higher chrome price which is offset against PGM production costs,

He/she/they also ignore the fact that the first copper facility in Zambia has been completed and hopefully the next RNS will confirm production will be at full capacity.

Some of the comments in the latest rant are nothing short of libel-the company is generating significant cash (just read the latest production RNS) and there is no indication of any death spiral finance unless Bushyfailed would like to produce the evidence he apparently has.Leon has clearly stated the company has no intention of issuing more shares.Death spiral finance usually occurs when a company is not generating any cash flow and I am sure the likes of Mr Slater have a lot more in dep th knowledge than Bushyfailed

Thanks Dorfan -let’s hope the anti ANC parties get more than 50% of the vote.

South Africa definitely needs a pro business leader

Hi Dorfan

Which party do you think the voters who abandon the ANC go for-towards the Democratic Alliance or parties like the Economic Freedom Fighters who would be a disaster for investment in the mining industry as I understand they wish to nationalise this-would their nationalisation policies cover companies such as Jubilee who process surface waste?

Scott22-you can play with your charts but the simple fact is the shareprice (like others in the sector) are suffering due to lower commodity prices

The issues are a simple-look at SLP and Tharisa whose shareprices have also fallen significantly.

Lower Pgm prices,lower copper prices,load shedding which affects underground miners more which may lead to higher Pgm prices and legacy of problems getting Zambia copper project up and running., and finally all the doom and gloom here are all dragging the shareprice down.

In the future more of the company earnings will come from Zambia and not SA so any problems in SA will become less of a problem over time.

PGM and copper prices can turn in an instant and if the experts are correct should not be too long.Finally there is the normal fun and games on the USA debt ceiling which will hopefully be sorted soon

Three reasons for shareprice fall

1-Fall in Pgm basket price -look at Ths and SLP they have also fell recently due to PGM basket price

2-Just as copper production is ramping up -copper price is also falling.

3-Lack of confirmation that copper production targets are being meet.

Nothing to do with the number of shares in issue or loadshedding which has little impact of JLP’s operation.

Once metal prices turn and we have confirmation of copper output shareprice should recover -also no “mates rate” options left

Trouble is the PGM basket price continues to fall and SLP have no other product to sell.Tharisa for example produce a lot of chrome whose price has increased while PGM prices fall and Jubilee have some chrome exposure and are ramping up copper production.

Nearly all experts are predicting large platinium deficits but the current platinium price is not reflecting this or the current production problems encountered by miners in SA due to load shedding.

Lots of exiting developments-I just hope it will lead to something happening that will be to the benefit of ZIOC shareholders.Let’s hope that the next RNS has some real news of tangible advances in relation to the project and not the usual statements that have been repeated again and again over the last few years such as “The company is looking into ways of financing the project to bring production to fruition”.Surely Glencore will want to realise it’s investment here in the interest of it’s shareholders

Share just in holding pattern until news arrive -unfortunately every board seems to have a resident troll who gets excited when “big sales occur “ -today the big sells that Pan Ltd and his aliases are getting excited about is approx £1,000 in total.

Interesting comments by Berenberg in effect saying the shareprice bears no resemblance to reality and the FCF being generated by the company.State that as Karo is currently on time and budget this should not be holding the shareprice back.Company appears of people’s radar and high chrome price is having no effect -currently above $300 with premium for specialized chrome of which more should be produced this half. Chrome stock in China still very low so don’t expect large fall in price in the near future and predicted platinium deficit should increase prices .

Lots of activity in the ROC -let’s hope Zanaga does not miss the boat-there is either a lot of action in the background or the company is setting on it’s hands

Ever board I read on the LSE has some “sado” posting several times a day deramping -here we have the half twit,half wit, JLP has Bushyfailed and GLR have Pan something.

These creatures appear to know nothing about the companies they comment on and their sole purpose appears to be to wind genuine investors

Pan Ltd or Columbo or whoever -I would not call selling a couple of thousand pounds worth of shares big -not even enough to cover the cost of my weekend break in Washington last week.Just about covers a sunroof on a new Porsche 911

You can’t avoid the deal with Sandfire which on Its own could yield the company $80 million if the resources on the licence area is good

Sotolo-agree PGM price is down but don’t forget chrome price has been in the $280-$300 per ton price range since the 1st April-with this and hopefully higher production figures for the second half the second half profits should still be higher than the first half

Turnover is about the same but cost of sales have increased $30 million-explains why I had estimated profits to be higher.Perhaps management could explain if they expect the higher level of production costs to continue or if they include one offs due to the rains.Will there be any further savings due to Vulcan cost savings.

Would also have been nice if there had been a small increase in the dividend to show the company is on the side of shareholders.A 25c or 50c increase would have been totally immaterial to the company’s overall position

Yes the falling stocks together with South African power difficulties suggest that if anything chrome prices should increase and not decrease certainly in the short term,There is an investor presentation shortly and it would be logical to ask about how the Vulcan plant is operating and why recovery rates aren’t higher.As for PGMs prices especially platinium large deficits are forecasted -so prices should increase -the rhodium price spike was caused by one off events and is probably now nearer to it’s long term price.

We are now a quarter of the way through the next six month period so profits should be higher for the next six months unless there is a rapid significant fall in chrome prices.The production figures to 30 June should give some clarification.

As for the shareprice -the company is trading at a significant discount to the Balance Sheet’s total value-this surely must reverse one day-

Well done Mike1949 for almost getting the profit figure spot on -I thought circa $60 million and I wonder if the slightly actual lower profit might be explained by writing off some of the expenses in relation to Karo

Pan Limited might be right on one point-the company may not exist in 3 years time because it will be purchased at many multiples of the current shareprice -Colin’s last big deal perhaps

No problem Mike - let’s hope for circa 3c per share next month