Member Info for Sumoskier

Gray1, totally agree with you on capex. Can’t see this being capital light with the amount that needs completing. Also, based a past experience , can’t see JLP spending it wisely! They will also need to be totally clear on whether they are generating capacity or actual production because this has blatantly been obscured in the comms so far! Just look at all the bull about Roan between the theory and the actual!

If that kind of movement in copper doesn’t move the SP then it just shows what kind of sh.te we’re in as a company and messaging?

At a minimum!

No chance until the offer is withdrawn!

Just waiting for the promises circular…lol! Just another JLP broken promise!

The irony for me is that this useless deal shows that both the Board and top investors are actually no better than others at understand value. They’re now in too deep and have egg on their face! Pathetic really!

I meant it should be withdrawn!

By now I don’t understand why the offer has been withdrawn to be replaced by a better one? If this gets voted through the Board will be voted out!

I think it’s because JLP is seen as a cash strapped company who can’t complete on the Copper strategy without much more share issuance?

Presumably the buyer doesn’t want it instead of we are Lee a real asset? Should on the balance sheet at zero then?

On a separate comment how long does it take to write a circular? Taking the proverbial!

Question is at what price is it economic to existing mines?

Nice number although I would think our % is much smaller. $1,600 still seems piney as a number. If we could sell off at a lower numbers and share in the future earnings at least it would get the asset off the balance sheet!

I thought Tjate was very deep so purchasers could be limited but it might work as an extension of existing mines. Don’t know if the names below could connect instead of starting from the surface?

As per usual!

The sting in the tail is being paid over three years. If they could bring this forward then maybe it would tilt the balance because we could potentially accelerate the Copper lift up?

Fundamentally isn’t the story here going to be that if we keep the Chrome/PGM business we are going to be on a low PE because of Chrome low margin whilst if we move to Copper only then the PE should be higher based on a much higher net margin? I could see Slater going for this? Appreciate there is execution risk, think the new FD will reduce this.

I assume the answer is No?

Does anyone know when this is actually going to be issued?

What it seems to tell you is that without the deal there is a shed load of dilution coming to secure Copper assets and future capex? Outstanding question is whether Leon can be trusted to deliver Copper in an advanced timescale with the cash. In terms of dividend if there is FCF in due course my preference would be to buy back shares to get the 3.1bn down to a reasonable number?

Share confetti out again even after they said no more issuance. Management can’t be trusted!