Member Info for Sumoskier

Totally agree re the buyback. Much better in the short term than paying a dividend! That’s assuming we retain cash as opposed to spending on more projects!

Just want to point out there aren’t two chairmen? That’s only Colin?

Sounds like a good deal then? Also there is talk about doing a deal with GLR to use Sable. Another income stream! Expect this to come out when the ink is dry on the purchase.

Are the two 750k’s a rollover from yesterday or does someone have confidence in the future?

I think these are a long term hold?

After masses of speculation during the day on what all this means my main thought is bugger....this puts retirement back a few years!

One obvious reason for all of this is if we rely on current earnings it could make the whole project much riskier simply from the point of view of being reliant on the ups and downs of cash flow timings. Personally happy this is separately funded. Two things should happen over the next couple of years. First is a 1 for 10 share consolidation to get rid of the confetti and second would be share buyback rather than dividend to increase shareholder value?

True, just want this to work out especially Kabwe, more from the environmental cleanup point of view. The risk for JLP at the moment is that the SP is way off current reality of the next few months. It could easily be a cheap bid target for someone like SLP to take over. They could pick this up just by picking up a bit of debt and use the cash they already have!

Timing is odd maybe just trying to bury this at the of of the day? As per usual not all good news but trying to be positive about it. If Hernic and PlatCro can produce £2m when not even producing fully then this is good news? 12m earnings could be £12m+, net £6m central costs gives £6m bottom line. At a PE of 6 then market cap is £36m which is ahead of where we are now. Then build in the PlatCro PGMs and the Sun should shine! Waiting to be shot down on these ascertains!

Idg69, although I agree with you in terms of comms both Colin and Leon stated that they would let the numbers do the talking on the last joint webcast? This means things are going to be very slow and possibly painful unless these are totally outstanding! History says they’re usually not! From a personal point of view I’m giving it to the end of April to allow Q1 to come in. If this is not a mover then I’ out. As you can tell patience is pretty worn down!

Surely there must be a small movement up once Q1 comes in? Hernic should be producing the best part of £1m extra, then there’s a couple of months of Fine Chrome. Hopefully Q1 is £1.5m in total higher than Q4. Assuming the messaging is good Q2 should continue the upward movement (even excluding Kabwe and Tjate). Hoping for the best, from historic behaviour, fearing the worst!

Looking at the SP’s for these two starting to think I’ve bet on the wrong horse!

I am just hoping that we get an update with the interims which would link into a positive presentation at the show. The alternative would be no update with the interims and a flat presentation based on jam tomorrow story’s. Just hoping they’re on the former not latter path!!

Unlikely, I think news will be tied to the UK Investors meeting!

Still can’t understand why all the good news on the PGM front doesn’t translate into an SP movement? Assume this is to do with the sheer distrust of the company? Only cash in the bank is going to move things?

Whenever they arrive I hope they’re worth it otherwise it’s really the April update? Can down the road again?

Another day of positive vibes pending the next update! LOL F**ked!

Looks like someone has given up the ghost...probably due to the lack of news! Never bodes we’ll for JLP!

It’s only a billion£ asset if we produce something! Not holding my breath on that one! Last webcast said April?

I think Hernic produced 4,897 ounces last year, the equivalent should be at least 6,500? This and an uplift in the basket price should drive a 30% improvement? Be scary if they can fritter this away on other things?