Member Info for Sumoskier

Does feel at times as though we’re spending large amounts of money to produce very little? Just hope it’s different this time…come on Roan, and Sable!

Just hope there’s more going on at JLP than there is with the SP!

Looks like others are bored of Colin’s failure to deliver! If there are so many assets why is the SP now below a penny!

At the moment I’d be happy to be back in double figures, and then we can welcome Copper and whatever that brings!

Mikie, agree re the frustration and especially about being on AIM which must be the worst performing index out! I have wondered whether listing on a different index might help. Once earnings are more consistent and the company structure in place surely this has to be an option?

Mikie, forgot to come back on this point. The question is what PE is the market going to keep on JLP for the next couple of years. If they can actually deliver better profits rather than excuses then getting to £500m is easier. Continual excuses will drive the PE down as they’ll be seen as a company that doesn’t walk the walk!

Interesting that they see free cash generation more 2026. No dividend options before then?

Mikie, just raising the point about how painful placings are. If we ever generate enough free cash we should repurchase shares and cancel them rather than pay a dividend. Might actually make the SP move a bit!

Isn’t it more like 40% extra shares? It would bring the 21p down to something more like 13p?

I’m just hoping that whatever numbers are produced they finally break the PGM link. We can then rerate to an extent on Chrome? Copper to follow!

Maybe just focus on the actual Copper produced?

One point I did want to make on the IRH deal is that we were supposed to have tied up the module manufacturer’s capacity’s as a result of the last time placing. At least that was one of the reasons given? So we should be seeing production later this year and then on a continually increasing basis, unless was a bit of a fabrication?

Another day when the comments exceed the deals!

I’m still a long term investor but the over promise and under deliver in terms of timelines, volume and margin seems to be a recurring theme. 2025 expectations will probably, in reality, be 2026 unless something changes?

The SP is not moving because the market has become used to the excuses for not delivering on time. The amount of times delays in supply chain comes up in comms is ridiculous. Sourcing as a function must do better .

Maybe if we stopped issuing shares it might go some way to restoring investor confidence?

I would think margin and trajectory are what counts on Copper?

It’s a pity Leon didn’t really point out that JLP is not in the mining game?

Part of the smoke and mirrors game! Roast guys say a number to Leon, he never answers!

I’m hoping the next financial update shows a definitive move on the Chrome margin which might finally break the SP link to PGMS.