Member Info for Shareswotter

Moneyman, although Leon briefly mentioned the guidance update "at end April" the written word in presentation and recent RNS states it is targeted end April. He is being more cautious with written forecasts. Let's have no criticism of JLP if it slips past end April but I can't think why it would.

Gray, they did not mention grade but stated that the 10 million tons will be taken from the heap as directed by JLP. It cannot be cherry picked.

Note- he said the 6.75 mill will be paid to JLP progressively as trucked out, over a max period of 14 months. Not all cash for this FY .

Wow, at last Leon not alone. FD with him.

The timing of this drop seems good for those JLP 'believers' who have spare cash to go into a new ISA allowance and want to buy JLP with it. Makes me wonder if today and tomorrow the drop might continue due to those without cash and selling to get it in time to buy back next week.

Bounce on Monday?

Yes, but Roan was restarted on low grade material with the intent to add 1.6% material progressively, making adjustments as they go, until fully on 1.6%. The 6 weeks now seems to have started when fully on 1.6%. Once again it is a shame they could not make that clearer in the previous RNS.

Happydays, that 6 weeks is vague like Donald Trump's "one day". They don't state the start time and date for the period. I read it that Roan was fully running fully on the 1.6% feed by 2 weeks ago so there is now 4 weeks left.

It will be the usual ultra positive guff from Leon. Hardly worth bothering to log in to the investor call.

Now at an all time high.

Shame platinum can't do the same.

In the past it has been stated that JBL are significantly up on the SA market and it has made no difference to JLP on LSE. Yes, it is stated as 18 % up in SA but why has not jump already occurred here?

Well, the sp touched 3.27p on Jan 8th before that nice bounce to 4.7, and chartists will know that could happen again and possibly form a double bottom. Have placed a limit order for another 30k at 3.27. I hope it is one that never gets filled.

Kalan,

"chrome and pgm'covering their own costs and company overheads, taxes etc".

Are you saying the SA operations add nil to the bottom line?!

If so, may as well ditch them then.

Thanks for your graph Seis. It seems a strange coincidence that Halifax line starts at the end of FIL's.

Just the one? How many needed to produce the target material input?

Does anyone know roughly how many tonnes per hour a typical scalper can produce for processing?

Leon also said that he had to buy the 200k of 1.7% Cu now to secure the deal giving rights to be able to keep going back for more, paid for by profits hopefully.

The sp has had a nice rise to 4.5p-ish from 3.5, then had the usual pullback that I'm sure many will have been waiting for ,and now we get this news that has had negligible effect on the market today but gives us a fair bit of reassurance.

Once we exceed 4.5p again then off to 6p.

I took ages reading the mass of chat this morning, and Roast chat that doesn't say much more than the RNS.

A thought came to mind that no-one has suggested but maybe I'm an idiot thinking of it.

- JLP announce change to 1.7% grade for Roan for 2kt material and suggest that might get their guidance back on track after the outages.

-IRH due diligence continuing and now conclusion forecast put to March.

Could these be connected? If I recall correctly the rock was stated to have about 1.5% grade. Surely due diligence would include IRH wanting to see plant working with 1.5% (correct me if that has already been done and confirmed)

If Lean had said that part of the reason was to support DD I expect the sp would not have dropped but perhaps he is not allowed to say that. Also I would have hoped IRH would have given a loan out of their masses of funds instead of issuing shares ( but yes I know, material seller might have insisted on shares).

Any thoughts?

Shares doubled and sp also doubled so could have been worse. There were fantastic trading opportunities along the way though.

Those are big numbers compared to JLP's current ambitions, but the big miners will always produce a lot of "waste" tails for JLP to mop up and make more profit from.

This thread was originally raised because of the sudden 13% drop in copper price yesterday evening. Pleased to see that it just seems to have been a data glitch and not a knee jerk reaction.Phew!

Well, the summit held a month or two ago didn't succeed.