Member Info for NelsontheDog

I must admit, I did think we were likely to see results today. In the scale of waiting, a few more days will not cause me any peril in and of itself. A lot of us here have waited a long long time longer than we first envisaged and I find myself slightly agitated currently during the wait - I have been more chilled in prior waits. Hopefully we get news tomorrow or else I will need to bury that agitation in re-ordering areas of the house and other mundane chores not of my particular liking.

GLA

NtD

£42m x 1.9% = £798,000 roughly invested in Zephyr.

PPHR MCAP £66.5m so that investment is about 1.2% of ZPHR market cap. Maybe Zephyr just dont think that is that special?

Otherwise not sure what the point of this is?

Nothing of note to add - the board sums this up right now in that it is squeaky bum time. I share the concerns but hope for the best.

Share price is not doing anything to allay my concern at present either so if its good news we have a very watertight ship.

So easy to speculate but i am going to err on the side of positivity and hope the delayed results is to do with a partner agreement or, in order to get the wheels rolling on pipeline access and gas treatment ahead of an announcement that has provisional timelines to production.

On the mid- negative they may be arranging a drill for the extended horizontal and want a date prior to posting (whilst they "monitor pressures" as part of this test).

The bigger negative - i think they would announce.

My only overall thought is that they have till now played a straight bat and I do not think they would risk that goodwill by obfuscating news for a bad reason. However this does seem unusual if the last flare was mid August - especially with CH saying test was still going about a week ago in Denver. As i say until proven otherwise I choose to trust CH.

Gibralter approval gained yesterday. Now just need Malta to approve and this will be back on.

Anybody have a view of the Malta process? I am guessing not.

It would be great to see this conclude sometime sooner rather than later.

I agree Northern Shark that lending should be an option for JLP now given the actual size and scale of the physical infrastructure that has been built. With Roan producing cash it now has a collateral value (as does the whole Platinum and Chrome side of the balance sheet) - there is a lot of physical assets therein so seems a logical next step. Hopefully they will announce a facility so they do not have to slow progress for cash - that would also give a boost to the Share price as investors can see future cash flow expansion is less likely to take share issues.

This could be a (good) news 18 months coming ahead - lots of material acquisition and modular projects. Faster the better but with the exception of any IRH elements, the sheer quantity of projects should allow after 18 months for us investors to stop sweating the details of projects and instead zoom out a little and simply watch the growth. They already have designed the divisions to ensure there is management for all elements so the worst of growing pains is hopefully behind JLP. I would say that this is a key element of moving from small to mid-size as an entity and if successfully deployed would probably mean potential dividends in about 2 or 3 years, without impacting further growth options.

GLA

NtD

Thanks Aeris,

Interesting to see that as a representative of II thinking, Rick attributes ZERO VALUE to the whole of the Zambia enterprise as he believes IRH as the major will scoop up all the profit(he already slates JLP for its variable levels of ROCE - albeit politely). He isnt challenged on this as they are running short on time but this isnt the case (though it is a good example of how JLP my be perceived in the wider market). Zambia revenues are underway without IRH as we know now but it again adds weight to the strategy of gaining control of small mines to gain feed outside of the IRH scenario to maximise cashflows and also now it seems, II perception of NPV in JLP in its own right right rather than as a plaything of IRH.

Last two or three minutes put this in perspective - at 1.6m tonnes of chrome (after Thutse expansion) will plkace JLP in the top 3 Chrome producers IN THE WORLD. Interviewer then asks will this be replicated in Copper and at 18minute mark in a rare almost frank reflective response Leon refers to the hard yards won in having proven the copper at scale model - now proven and not just talk (he acknowledges this was the prior position of JLP also).

My favourite interview ever for this soon to be major Metals producer. I havent been this keen since the Cobalt days :)

Good interview

Leon: Copper forecasts will be "revised upwards" as the Munkoya, Sable and Roan projects come on stream.

Good interview

OCtober for the financials if last year is a guide.

Thinking about it, if this allows the board to reset comms then fair enough. I agree with Mikie and Dorfan - they now have lowered forecasting in order to try and avoid the past debacle. We will therefore hopefully see future beating of forecast in the actuals - it will just take more time to come into the share price, but they can hopefully have positive future RNS's which is no bad thing in regards to Gotreals sentiment to share price thesis.

Its the same time to actuals - its the forecast being changed so no change to the fundamentals.

Dorfan probably right - bottom drawer for another year but with the sentiment hopefully now about to match the strong growth story here on out.

Overall positiive RNS but mud on the carpet as a result of the copper outlook. I assume that big investors and analysts will be all over that like a rash given the prospective run rates. I assume us PI's won't see this so the share price will be our only indicator we can use for a breakdown on copper outputs.

I am pleased overall but I have to say this is another example of a JLP RNS - a fan dance of promises and forecasts prior mentioned but not addressed in the current forecast - is this really necessary? Could give a guidance parameter and the core risks to be concluded to drive this. The net result of the low guidance for me is a new worry - what have I missed that is potentially going to limit copper production now the Roan project is ramping up and should be capable of delivering that guidance on its own.

Its coming along and I think the hard work is done but not quite what I was expecting.

After some PEN price movement upwards and with Nabla, Pendulum and Vortex now signalling imminent mobilisation of their offerings, it was disappointing to see PEN token price drop hard Friday through Sunday. Hopefully this is not capitulation and it will recover but not the best Monday morning.

Critical month or so I think with the roll-outs happenning right now for Vortex and Nabla in particular.

I clearly struggle to count past six - I blame cricket.

Good debate over the weekend. If I was new to the board, without listing all the current projects in train, this is the key bit of information I would want to surmise.

1. The delays and negativity being referred to in the thread are now mostly historic with Roan upgraded and the copper strategy starting to roll-out new production streams from small mines.

2. Chrome should have risen again in the results to come out in October for year to June 30th 2024.

3. Both Chrome and now copper are already now running and producing new cashflow streams over and above the levels we are to see published in October.

4. Due to the aforementioned delays, market sentiment is likely to see share price only react slowly. Therefore the current share price does not reflect the CURRENT, not FUTURE increase in cash inflows. This is especially pertinent as it is timing only and no project delivery risk. Strong re-rate potential.

5. There are manyfold future growth prospects for future 5 years.

6. Cash inflows should be stronger, making future raises less necessary (and more likely only for largescale projects - there is a little risk here lets be honest).

6. Over and above the organic elements above, there is enormous deal making potential with the IRH deal somewhere in the mix and news likely one way or another.

Here with yesterday afternoons momentum being slowly built upon. If we can be 5p prior to the newsflow that puts us in a similar position to the start of the month and gives a downside buffer as well as leaving a great deal of upside.

Nice little rise going on this afternoon. Perhaps positive news starting to trickle out - or maybe just about time in regards to getting back to a share price that reflects the speculative potential here.

I had assumed any news on test would be next week at the earliest.

HD,

You ommitted Cobalt from that list. Cobalt price has halved since the peaks when we were frothing at the profit in just one of our owned heaps, but forecasts are for it to begin to rise again into 2025 - though more steadily. Some eyebrow raising profit in this even at current price I would suspect.

If we ever want to diversify from Copper, cobalt is still the most favoured battery tech (though they have reduced cobalt per battery). Sure there is more copper in Zambia than you can shake a stick at, let alone an expansion to South America with proven tech, but I think we have our next step in the back ground for diversity of earnings - Cobalt.

Definitely owken up with my optimists hat on today. Its fair to say that investing ahead of the crowd here in JLP hasnt paid off over the last few years - in fact the opposite for the last few years. However, just like the explosion in Share price when PGM prices were strong and we were bringing in cashflows from our projects, we are very soon going to see this again imho.

Even if the market has tagged JLP as a troubled share in terms of project slippages, it wont miss once they appear in the financials, the impact of Chrome and the cashflow annuity built and being built, and it wont then miss the copper cashflow annuity with promise of further growth. II Stock pickers may be guided by the PR and promises, but even they will revisit once their analysts start looking at the actual cashflow growth and the built but not reported as yet cashflow (ie strongly de-risked) copper flows. Not a sexy glamorous share, but a share now with actual returns and a soon to be published strong strong growth (PEG in a year or so will be strong).

I was lucky to catch the PGM expansion from 2p and rode that to 20p (unfortunately I didnt then dismount rather I bought more ponies!) - what is the prospect this time - the potential is higher but even more key is the nearness of the copper project now in the JLP cash received ledger.

Sure people doing well will ignore and walk over a 5p piece on the floor, maybe even a £1 - but no-one misses the opportunity to pick up a £50 note. If i hadnt already loaded up (premature evaluation syndrome!) I certainly would be doing so now. The long long fusewas lit some time ago and the kerboom is getting nearer i think.

AtB

NtD

Even at 600 barrels of oil per day - thats more than 50% of our current production from the non-operated's.

If there can be a rise in the oil and a timeline to production that isnt long, the impact of the next announcement is very very big.

And the down side appears to already be in the price at sub 4p. The remainder of August could be very interesting for ZPHR.

*well