Member Info for NelsontheDog

Pendulum has been dropping in price and Satoshipay, Pendulum and Vortex have not posted anything yet in February - very unimpressed - will only forgive them if it’s due to blockbuster volumes - hmmmm…

I would hopw that if a speeding ticket is demanded, it says something along the lines of noting the press articles on talks between Trumpo and Putin in regards to potential future peace talks as well as simply stating they dont have an internal view as to why the rise.

EUA share prspects ideally needs not only a peace agreement but also the lifting of some of the sanctions imv. A peace deal may be easy for Putin allowing him to keep Donbass and crimea but i dont think there will be any let up in sanctions without

a) a wind down on anti US and moreso anti US Dollar noise from Russia, and

b) an agreement on reparations from Russia to Ukraine - to be funded out of the resource sales as Western sanctions are lifted.

Zelensky's biggest weakness is USA pulling funding, but Putins biggest weakness is time - he is slow bleeding and despite the platitudes and pally talk with China, I dont see him asking or wanting to enter any funding agreements with China - they would own him in a heartbeat but wont risk Western wrath by joining in at this stage imv. During this time USA is raising its oil based production and will take more of the export markets Russia traditionally had - therefore why rush to aid Putin?

Its going to be a big climbdown for Putin to kiss Trumps ring and give reparations but has he got a choice?

Very interesting point we have reached globally and so many variables and factors that you could see many different outcomes.

EUA needs sanctions lifting so my bias is towards that event.

GLA

NtD

I do yes. Perhaps I should focus my ire on the whole BoD but if he isnt making the decisions and setting the tone who is? I also feel (but can not prove) he did not appreciate the structure of control being imposed on him by the exiting FD and was part of the reason for his exit - again that may be directed to a wider management tone.

Who do you feel is calling the shots / the dominant voice?

Thanks Kalan for the dilution comment today. I flinch at it but not too awful - however without knowing the cash element I cant see if it is good business - JLP again does not consider its owners worthy of being informed of the deal. Hats off to getting a 4.2p price for the issue.

Putting the hat back on, I agree with Gotreal that it seems IRH deal will occur. I suspect they are a well ran proper considered business - hence they want DD - not only on the deal but the organisation they are hitching themselves too (much to LC chagrin). They have agreed a deal and will stick buy it as it was considered until significant change is introduced- even in the face of watching JLP thrash and twist itself into knots on its own business due to its lack of consideration, planning and so called agility.

At what point does JLP mature? At what point does small scale agility becoming large scale indecisiveness?

Seriously, Leon is talented but with his reluctance to grow into a different role (his reluctance to change in any way it seems) as JLP has grown and moved off the beach into deeper water, we see Leon's lack of growth now see him woefully out of his depth.

No guidance to holders, unclear strategy (there is what is said, and what is then abracadabra delivered - as well as constant disregard for us in the lack of acknowledgement of errors) - not saying new element is bad, but he demands implicit trust from us and does not deliver for us - it seems the market this morning is seriously unimpressed and the discount to NAV and future cashflows reflects the lack of confidence in Leon.

"Who to believe the Coke head, Green Shirt who is now begging for peace"

Be careful referring to Pootin like this DB - you will be demoted back to sweeping the chatroom floors again

Wholeheartedly agree your Kalaka sale structure ideas Gallmat. Be great news to have a cash kitty that could see PAT through the litigation timeline.

In terms of SOC, remember Bhukia has a high concentration of gold that can likely be open cast mined. Thats high high margin - a prospectors dream find.

With gold as it is, I will not be surprised to see our claim top $2 billion and would range it at $1.5 to $2.5billion.

That kind of claim by end of May is going to attract a lot of attention to our to date little old BB and company.

Add to that the views of the Arbitration chair (thank you Gall) and I don’t think we could ask for more currently.

By our slow moving standards here, things are about to get a lot more exciting and a lot more noisy.

GLA

NtD

Just pointing out the obvious - Any takeover price (if there was one to come) would be based on the expected future returns of the JLP business and any synergies with the taking over entity. The price to be taken will be assessed by II's not against their purchase price, but rather their own projections and risk loadings for the future cashflows of JLP. Then add in need for money now v later and decisions are made.

The newbies may have declared a target of 10p and good luck to them, but my target is higher as I believe the future will be rosier than the past. The rear view image contains the smoldering wreckage of many fires calamities and tribulations, but look out the front windscreen as you would for a takeover value and its a beautiful land of opportunity with much of the resources to process acquired, the machine to produce them built and a macro view of commodity prices that seems to still be swinging in our favour.

The Owais element is bizarre and unfathomable. I think overall there are a number of actors all on the edge of the same wheel, but determined to make sure that they only deal with the spokes to which they can easily reach.

GoR ignores the claim. Sells to Owais the rights - the actors hope to squirrel away their gains prior to any challenge. Owais promises the GoR an unfeasible return, both parties ignore that this is almost definitely unattainable, kicking that can down the road - GoR know they wont recieve the full money but people will be paid off and Owais knows he will never account for the sum. Owais buys rights, clarifies it is him and not the entity, but then uses the entity apparatus to control things. GoI does not intervene to GoR - why bother - there is plenty to go around if you dont rock the boat. PAT does claim against GOI (our only recourse). All other stuff is evidence and we dont need to be concerned - in fact a new owner is advantageous as it removes options for new licence offerings as settlement I hope, rather than compensation.

So dysfuntional on the face of it, but with the exception of PAT it is all engineered to skim money for individuals and not the state or the company.

Our view is simple - we carry on our course of action - as we plod on, there will be all sorts of rats flushed out who may run, attack us, or each other - but the law and claim seems to be on our side so hopefully we can enjoy the drama till we get to enjoy the money.

GLA

NtD

So on a simple extrapolation - now €20k per day so €7.3m per annum.

Assuming a fee basis of 0.25% thats fees to Satoshi of €50 per day or €18,250 per annum....

But the second tweet demonstrates the acceleration of adoption so it will be very interesting to see where the run rate gets to in the next few weeks - a rare phase of excitement for us to observe.

Option 5 is that the project isnt viable / we cant process at scale but I was clearly too rampy to consider that below.

The DD period for IRH Waste rock project was extended to 31st January so tomorrow. We will therefore hopefully find out if there is a deal in the offing - I guess there are 4 short term announcement options;

1. The DD period is further extended (very poor)

2. There is a deal announced with IRH (as the terms under this scenario are already agreed)

3. There is no announcement next week, implying there is a further negotiation round being discussed.

4. We announce we are going it alone / with other partner and without IRH.

My concern with 4 is that there is a capital requirement and LC has been quick to ring his II pals for raises in the past, and as we so far know, he is determined to not change anything about his style or approach to JLP so far.

Obvs it wont be my call but I am okay with 4 if he can get finance without dilution - ie debt based on contained mineral in dumps (Platinum in heaps in SA alone must be high value in theory) or b) a charge on the considerable capital and plant.

If I were to guess, I think there wont be news next week as that is the Jubilee Way.

A positive news round here could strongly benefit JLP reputation and hence sentiment - that is most likely with IRH - a globally big player with strong Zambia influence- going it alone to date hasnt been seen by the market as being our forte (though that may require rethink if our daily production is as it could be with Roan at expected run rate).

Exciting Times

Today states that the arbitration timeline has a timeline for PAT to issue its Memorial - that includes a SoC by 16th May.

Presumably (I have no direct arbitration process experience) with that timetable in place we will issue the SoC document as close to the deadline as practically possible in order to give the least amount of time for counter arguments to be developed.

I think that is further out than expected - may have an impact on share price as traders move money elsewhere for another near time opportunity.

Did they state why? Is this the reduced Copper demand due to USA hydrocarbon extension of policies or something less macro and more related to JLP itself.

Just in terms of forecasting, I believe this share will end 2025 at around 14p - that assumes IRH occurs in some way. Other than that you can be too close to this to forecast - to LTH detriment, we know that the paper plan will not be the reality in the rearview at the end of the year. My renewed interest in this project is when the steady state operations are substantial enough to drive a forecast and sustain a share price with less focus from investors on new project progression. There is still potential for JLP to get big, relatively quickly - i remain optismistic that my 19p tranche will one day be spun for profit (it was a top up trade after all - lol).

I realise I will likely be at the top of peoples 2025 estimates, so interested to hear other holder views - just a bit of fun.

The below is my opinion on the differencve in this bull run v past ones. I dont think KR1 is the issue here. The rise in BTC on this phase appears to be driven by more HNW investors and conservative investors via ETF's and also possibly II adoptions. In the past as BTC rises, retail have been quick to run up the risk curve to back alt coin projects. However this cycle is not seemingly driven by those investors, transacting via Binance and Coinbase and as such the profits of BTC realised via ETF's are more likely to be pushed into other broker led investments - not Alt coins.

Hopefully this will change, but it does also draw out the question of whether alt coins will have an equivalent run and even moreso, without a retail FOMO, will there be a frenetic rise and even if there is, how will we identify the top?

I am highly disappointed in large Alts performance - DOT AVAX COSMOS ADA SOL all well under ATH's despite BTC sustaining being very close to its ATH. I am holding firm for now but concerned tbh.

Share price will rise as profits rise. Its simply been that the initial copper project forecast was incredibly wrong - with way too short a timeframe and then in addition the actual roll-out of the projects took way more time than would of occurred with a smooth run. The net result is we are two or three years behind project and that has resulted in profits nowhjere near the expectations - especially given the capital expended and further obfuscated by a CEO whose defensive response to timeline variance is to enthusiastically obfuscate and confuse the view rather than clarify IMV rather than simply resetting expectations and maybe even declaring the gaps.

However, I do think it is here. The profits should now rise and as such this price seems cheap in the short and medium term. In fact the past failures give a good buying opportunity in that the net inflow cashflows are already present in the business and occurring, but the SP will be lower till they appear in the results.

Ridiculous Share Price even with our history and we should re-rate on results.

GLA

NtD

Just discovered I have a flinch about those stamps - remember getting a lot of stick for suggesting, alright shouting loudly about the stamps being so off mark at the time.

FWIW Botak I agree your points v KR1. Coin have such a low MCAP starting base and what appear to be a few horses that can run this time that it has the return edge over KR1. I suppose that is as it should be as KR1 larger MCAP and inflows of staking rewards provide established certainty, whereas Coin is the oldest contender still standing and able to throw a punch. Lets hope we have a Balboan rise from obscurity this time.

Thanks BluB and others.

I agree that the key now is to market and gain adoption for Vortex. My concern is who will do this. Satoshi have shown in the past this isnt their forte and in a fast moving market like this having the best product can easily be trumped by having the best customer engagement. IMV we need either a partnership with a proven promoter entity, or an announcement on an individual joining with this skill set in spades.

This is where I would like to hear from Meinhard, Slater investment hypothesis and maybe even the dreaded Lew - they must have considered this in their investment appraisal before investing - or given SP history, maybe not!!

Hope springs eternal here, but expertise skill and connections turn hope into return.

Hi Gary

You dont seem a PAT fan and I guess there is nothing for you here if you believe the case is unmerited - thank you for stopping buy with your cautionary observation. I dont know your legal experience, but a firm of litigation specialists disagrees with you to the tune of $13.6m upfront investment on a no win no fee basis. They arent a massive corporate - this is meaningful to them and their win rates are in the 90 percentile range.

Not sure what flags they used but I am interested to hear how your research and analysis differs from theirs following the months of due diligence their experienced litigation experts carried out.

I am not sure just how protected if at all the hard yards knowledge of JLP may be. On that assumption I would also support licensing and consulting the tech out - it will get there without JLP in 5 years or so anyhow - there is no moat to the knowledge. I think this was the last strategic shift before Colin left wasnt it?

Could drive up rate of growth dramatically but also has the risk of distracting from the current intent - therefore overall I will trust LC on this one as to whether he feels there is the management capacity to drive a new geographic intent.