Member Info for Sumoskier

Looks deader than a dodo!

The mythical one share has been traded. Look to grab a bargain when we hit new lows on upbeat news! One p**d off investor!

I still think any re-rate will only happen once we have proof of cash in the bank and accumulating. Takes away the risk of placings and shows the current company is self sustaining within reason, although trust would still need to be built!

I think he’s just making the point that the last dozen RNS’s have managed to push the SP from 6p to 2.3p. Each contains a little nugget just like a depth charge and reinforces that the great plan is delayed (again)! Just hope that the next 6 months delivers something positive.

With my poor maths I’v tried to re-assess the value of Kabwe. At 3% pb this seems to be about 200k tons assuming we get a 50% of the value and then 30% of this it seems to be £31m which is more than the current market value of the company and also excludes any value from zinc or vanadium? Appreciate the risk but it seems prize worth going for?

It’s gone blue, the fight back begins! (Note heavy tone of sarcasm as expecting this to be a dead cat bounce).

Still puzzled as to where the bottom is? Kabwe seems to have coloured all the other work done and destroyed any sentiment. Thinking about the comments on “jam tomorrow “ it better arrive with the quarterlies otherwise I think I’ll be too bloody old and senile to remember what jam is when it turns up.

Currently not sure how he is incentivised but he should be given share options linked to the share price a) as a retainer and b) to ensure he takes a bit more interest in it!

I was expecting some SP stability. The RNS still states that a more efficient Zinc circuit is being built (assume this is then more than tha 5th previously speculated on) and others being designed. As for the BMR issues. If they fail to relist then JLP could end up with 100% of Kabwe for little extra cost as they have the ear of the ZG? Just not sure what it will take to make the SP turn around?

Just look at value add! Feel right and truly screwed by the SP now!

I think progress is being made it’s just likely this will help the SP in a negative upwards direction , as per usual!

Re placing...thus is where accumulating cash from Hernic is important. They just need to RNS that they have paid the loan off!

I still think the first thing this share needs is the announcement that the Hernic debt is repaid and they are creating positive cash. This would remove the “placing” hangover risk. At least that might create a floor to the SP.

BMR-speculation. Way this is going now market cap could be heading sub £25m. There doesn’t seem to be any true support level and three years supposed development has gone nowhere!

No news and very little activity! Maybe Tuesday!

Odd day to release something? Normally it’s Tuesday‘s!

I’ve been puzzling for a while whether the current SP is truly the ongoing value of the company. Three things are still out for thought before I make a decision to sell and move on taking my loss with me or hang on. These are: 1. What story were the PI’s told on Kabwe. They bought in at 3.60 and must be well p*ssed that we’re at 2.48? The pressure must be on CB/LC to explain the current SP. 2. Are we actually at the point of accumulating cash in the bank. This could take away the placing fear overhanging the SP? 3. Does the Conroast process provide a USP in extraction compared to other companies or is it actually CON-ROAST in that we are being conned and roasted in terms of investment? Any thoughts welcome.

No mention of the ZG meeting on the podcast. Would have been worth a mention? One positive point though is that the Kabwe build is ongoing!

https://audioboom.com/posts/6911999-cadence-kdnc-jubilee-metals-group-jlp-i3-energy-i3e-rose-petroleum-rose

It strikes me that if BMR need any cash their only avenue is to sell more JLP shares further depressing the SP. if JLP don’t proceed can they get their cash back?