Member Info for Sharegar

JLP have a quite few reasons to justify a higher PE than many companies in the Metals producing sectors.
1. Diversity of Metals adds stability (Pt, Rh, Pd, Zn, Pb, Cr, Cu, Co and not limited for the future).
2. Jurisdictions can be increased and are not limited since the business model is easily transferrable. Leon has talked about Chile, Australia and other African countries if you watch videos such as the Crux interviews.
3. This is a Green company, making money out of toxic waste and leaving their customer with a safer environment. Especially appealing to funds and Governments.
4. Related to point 2. Growth in cash producing projects is potentially huge with much shorter time spans to cash flow than mining companies. Less capex to profit.
5. Risk in JLP business model going forward is low. Contracts negotiated in such a way and no mining risk for JLP.
6. Intellectual capex of early years is behind us and that would be a substantial barrier for potential competitors.
There are many positives that are specific to JLP, never mind the general consensus on policies such as money printing and a subsequent boom in Metal pricing.
Our PE looks like it can be much higher than it is currently expected to be for 2021 and that is despite the excellent re-rating we have had in the last few months.
In two years from now with all that is going on I would not be surprised if this company has a SP measured in £'s.
How high do you think is realistic in a two year time frame?
GLA DYOR.
Sharegar.

A: WK DFS RNS. is my guess.

The FSP will conclude with first known bid on Mon 18th Jan 2021.
I will go for sale of 132p (I am not on the list yet Ian, thanks in advance)
I worked that out a few months ago using three crude methods that all gave me frighteningly similar results.
To be honest will not be disappointed with anything over 60p but plan to hold right to the end.
Finally...…..please, please, please be correct Rowka and give us a rocket under the SP.

GLA Sharegar.

Another question that is related to Tjate.
JLP are now proven to be very efficient at extracting the best value from tailings from an increasing range of metals and are on our way to being a world class company in hopefully an increasing number of (and unlimited) jurisdictions.
My question is: How efficient are our extraction methods, if it were applied to Ore?
If this is above industry averages, then could this be very profitable if we were to set up a JV for Tjate and let our partner take the mining risk while we help them attain maximum efficiency.
Tjate has great potential in adding value when the time is right. Platinum is on the rise right now and do not forget that there is also Palladium and Rhodium as well as Ru, Ir and Os.
As a reminder of the great potential, I take this directly from JLP website:
"Targeted exploration 70 M oz PGMs over three farms
Tjate NPV of USD1.1 billion (2012)
Mining target of 2 400 000 tonnes per annum
PGM production target of 270 000 4E PGM oz per annum
Mining right executed 1 March 2017"
This is also another quote from the JLP Website:
"The Project is independently judged to contain arguably the world’s largest undeveloped defined block of platinum ore."
I believe the economics of the Tjate project would be better than most people are thinking because Palladium and Rhodium have risen significantly since 2012 when this NPV was stated, so this would compensate for lower profit due to the Platinum price.
Importantly we are cash generating and this makes so much difference in potential negotiations with regard to Tjate. No one will rush or bully JLP and therefore we are much more likely to be given fair value in any venture.

GLA DYOR.

An Interview with Dmitry in 2018. He talks about Blockchain technology and the growing importance of traceability for ethical Metal sourcing (Tesla mentioned) and unlike Bitcoin, the technology has useful applications that are backed up with physical metal.
https://www.youtube.com/watch?v=zEhGT8cGj8I
Go to 4:32 for the discussion.
I think it is fair to say that Dmitry has been working on this idea for some time and the interview gives the impression that he has big plans.
Looks like 2021 (and maybe still 2020!) all will be revealed?
GLA and Seasons greetings.
Hugs and Kisses all round, even to the Bot flies (well maybe a cheeky Glasgow Kiss for them).

slatsey28,
It is Ironic that you are criticising Mac for his numerous posts which are BTW all relevant and contain great information.
You, on the other hand have not given anything remotely useful (unless it is hidden in the distant past).
So one of you two is going into the green box. No prizes for guessing who.
GLA Sharegar.

Slift,
You have the patience of a Saint for consistently correcting the usual suspects on this message board.
I think I'm going to use that filter feature because its the only way to escape the perpetual negativity of magical_trevor, and so he has company I will add "Big bad" john4242 as well.
GLA Sharegar.

https://www.kitco.com/charts/livepalladium.html
….and generally speaking, nothing wrong with the price action on the other metals we have.
Like most folk, I wanted a quicker resolution to the FSP, but on the other hand the longer it takes the higher the bidding can go.
Patience is a virtue.
Post suspension: 7.2p, the best strategy has been to ignore the new SP highs and hold on to the Golden (Palladium/Platinum/Rhodium/Iridium/Silver/Copper/Nickel/REE) tickets.
Let us see how it concludes before coming to any conclusions.
Do not worry about our lack of Zinc, just throw in the kitchen sink!
DYOR it goes without saying.
Chill out if you can, and have a great weekend.
Be Nautical and don't be naughty is my message to the Bot flies.
Sharegar.

I think Mac has probably hit the nail on the head.
That is what I was thinking. It is a possible that Iain has completed his task at EUA and that the legal details of the deal have been thrashed out.
Of course this is speculation but the time frames do look favourable for that to have happened.
Looking forward to the news on DFS very soon and who knows, it could be followed very quickly with a sharp SP rise and then a further premium for the Sale.
GLA.

Possibly an other day for EUA to prepare an RNS would mean Friday?
I guess Monday would be less likely but still it could be a very good start for next week.
Either way the DFS RNS is worth the very short wait. I suppose EUA do not want to rush the conformation RNS until they analyse any comments from Rosenda.

The big difference now is that Tjate will never be a distressed JV/deal due to our strong cash flows.
The market now knows that, and although mining is not part of JLP's strategy (as I understand it) we are in the driving seat when it comes to making any deals on the Tjate asset.

I have not read the details from the investor call yet, but always thought that V25 alone should get the SP back to new highs once the production figures come more predominantly from that bonanza area.
Very good dividend stock (long history) as well which is rare for Gold stocks.

GLA Sharegar.

I had this to say to TigerByTheTail on 16 Feb 2020 when EUA was only 7.2p. (from my historical posts).

"TigerByTheTail, pity you did not take the BullBytheHorn, and get some EUA."
Just to let you know that Tiger is not to be trusted when it comes to giving an assessment on EUA. Do not know what his motives are, I'm not really bothered.
A few months later there was an Institutional placement at 22.5p with no discount or Warrants and that can only be, that it was already well established that EUA was worth much more than 22.5p.
Good luck everyone at JLP. I am holding long term as I believe great things can and probably will happen for this Company.
Always said Tjate could be the icing on the cake.
Sharegar.

Magical_trevor,
The explanation for the lack of target was explained in the Crux interview.
https://www.youtube.com/watch?v=Rk75l35K-Wk

Certainly, the interviewer pressed Mark Hayhoe for a while on this point, but I do think it was reasonable that the commitment was not made by Harvest as it was acknowledged that Farmers were still evaluating the product and it would be unwise at this stage to give guidance and possibly mislead people (Hayhoe was given this advice).
He did state that customers liked the product and were expected to order in larger quantities as time moved on.
Hence the recent upgrade in our facilities to cope with larger orders.
Yes, we have been affected with local restrictions in the first half of the year through the impact of COVID in Brazil.
However, the outlook looks brighter for the remainder of this year and COVID is less likely to have the same impact next year with the roll out of vaccines.
Ongoing trials of KPFertil continue to be very positive, so I conclude that chances are we will do even better in 2021.
Lets see how things go for now and this time next year you can call me out if I am wrong.
We are all invested, so good luck to everyone that is prepared to give this company a chance and grow our market share and generate profits for hopefully a long and prosperous future.

Bopd,
On the Short position page for this site we also have this statement.
"We have no historical short position data for Harvest Mi (Di)."
Not all short positions would be public anyway, so I think your statement is a bit of a Red Herring.
I did put a question mark with regards to shorts, and maybe there should be one for your statement as well.

I would say this is the most significant part of Fridays RNS regarding funding.
Quote:
"We have completed an intense due diligence work programme to serve the financiers' procedures for their respective approvals of the Project start-up. This culminated last week with a site inspection and meetings with TKGM's site-based teams, the community and local government. "
The definition of "Culmination". (google)
the highest or climactic point of something, especially as attained after a long time.
"the deal marked the culmination of years of negotiation"
I do not think the officials were having a walk around the site as a form of exercise and I do not think this type of Charade would be taking place if it was not something our partners were wanting to happen.
The only negative is that I believe the much anticipated sign off will slip into the new year, but if you invest then you must be prepared for such delays in even the very best run companies.
Yes, I sympathise with long term holders but if this funding becomes a reality we have a terrific opportunity to make multiples on a stock that has severely undervalued top quality assets.
If Ethiopia does the business, I believe this will also be a massive boost for our Saudi assets due to renewed faith in Kefi Gold.
GLA Sharegar.

The share price is now showing a tidy and sustained 45% gain from the low of 1.83p in mid September.
I've noticed a bit more desperation in recent posts from the resident naysayers. Can only wonder what the motivation is for consistent negativity. Maybe, shorting this stock is not lucrative any more? well, maybe it is time to cut losses and close those shorts? Not the time to be a Rabbit caught in the headlights.
There has been plenty of progress this year (just refer to the RNS's its that simple), despite COVID and if my trusty compass is correct, the sales trend needle is pointing North wards.
The best parties are often the ones that are slow to start, but I've got my dancing shoes on, and who knows it could be a Moon walk.
GLA Uncle Sharegar.

£1.80+ for share?
I will try and find my long lost dad, garyfromleeds.

I am Scottish and normally have a sense of humour but This board is not a joke thread.
I'm going right to the top to get a stop to this. Nicola Sturgeon will sort you lot out, alas if only we had Alex Salmond in charge it would never have happened.

If you think we are two peas in the same pod then bopd, that makes you the talking fertilizer?

Jcookec,
Nice summary regarding risk/reward. I look at it in a similar way.
A reminder of what the target is from Harvest Minerals Homepage:
"Great Economics
@450Ktpa EBITDA of US$21.45M
Sector average is 26.75 P/E
Equals a valuation of US$360M."
Not beyond the realms of possibilities considering the size of the market on our doorstep, and the growing reputation of KPFertil (over a range of produce) as can be validated from test results similar to todays announcement.
The year on year trend of our sales has been upwards and even the most sceptical of our critics must admit that the COVID effect on our sales earlier this year was not confined to Harvest Minerals.
Its a long term hold for me!

GLA Sharegar.