mccarthycraig256
15 Nov 2019
New broker note
the_old_trout
14 Nov 2019
New broker note You forgot to mention the cost of servicing debt Kalan. That will be considerable and then there’s the timetable for paying off the Kabwe debt. It was the inability to service the debt which brought GKP and many other companies down, so to be frank I am glad they are not increasing it at this stage. I know that the Kabwe equity raise went to fairly sticky hands, so hopefully that is again the case this time and with the fund raising being over subscribed I think the excess demand will put a floor under the share price. Buyers were certainly emerging when the bid went down to 4p so that gives me some confidence that it will find support there. One thing I would say is that they need to slow down their rate of acquisitions for now until they can be funded solely from earnings and I hope to attend the AGM to get that point across. ATB, Tot
KALAN
14 Nov 2019
New broker note I don’t think you will regret that purchase ToT - JLP will thrive. My language may not be accurate - the point I am making is that I thought we were generating enough cash to meet our development costs - we have 18 million in the bank (10 million is debt) and owe 21 million plus Kabwe costs. 3 million is easy as we are generating cash as you say so Hernic is covered probably by now. My point is that we are not generating enough to pay for Kabwe development - we are still a cash raising company - and need to get cash in to meet current project commitments - it’s my belief that the recent rise is due to folks believing that cash raises were a thing of the past - they could have borrowed the new money - they chose not to - why? I have my theory. They are favouring institutions over the loyal shareholders. The placing gives ii more shares and pulls back the price so they can mop up shares sold by disgruntled long term holders. a win win for the ii. So buying up the cheaper shares is probably a wise move - I just think it’s a bit rich. Also think this has put the expected shareholder value realisation back by 4 to 6 months. Will buy as and when it looks cheap and gradually myself.
the_old_trout
14 Nov 2019
New broker note How can you possibly say that the company is not a cash generative business when today’s results speak for themselves Kalan? This is a not a ‘keep the lights on’ placing to cover salaries etc it is to help fund the next stage in the company’s growth. Looking back at the placing to fund Kabwe back on 21st March the share price increased by around 50% within the next fortnight, and I think this one will be shrugged off pretty quickly as well. That is why I added another 70k about twenty minutes before today’s close. ATB, Tot
KALAN
14 Nov 2019
New broker note I think this placing just killed any chance of 7p for the next 4 to 6 months. The company just stated that it is not a cash generative business as we were all thinking this morning - it is still a company that needs to raise cash to bring existing projects online. Expecting 4 or lower in the next 2 to 3 months - I remember that Platcro placing well and what it did to sentiment and confidence in the company. Fantastic future - but that placing is one below the belt - putting new investors ahead of existing investors. The pot of money is there - borrow from it.
the_old_trout
14 Nov 2019
New broker note Well that explains the muted reaction to today’s results but it was oversubscribed and those who were taken inside are now free to buy in the market and seem to have been doing so in the short time since the announcement was made. I’m therefore sitting on my hands as this should blow over quickly imo.
mccarthycraig256
14 Nov 2019
New broker note Another placing Typical JLP, they cannot help themselves. I do hope they refrain from buying anymore projects or tailings UNTIL THEY CAN FUND OUT OF CASH ! ! ! !
the_old_trout
14 Nov 2019
New broker note It’s always nice when results exceed expectations and it has become blindingly obvious that JLP has become a cash cow with a very real prospect of dividends being paid in the future. Expect to see steady growth in the share price from here in line with a continued ramp up in production rather than a one day wonder. Well done to all at JLP and especially to Leon who has clearly been working his socks off these last few years. Tot
mccarthycraig256
14 Nov 2019
New broker note “Our fine chrome capability now has the potential to be rolled out into the whole of the chrome industry and we expect it to be applicable to other commodities where fine material has been judged to be irrecoverableâ€. Fine copper anyone
mccarthycraig256
14 Nov 2019
New broker note Stonking rns imo Windsor PGM production is huge
mccarthycraig256
11 Nov 2019
New broker note Windsor update should be forthcoming this week
mccarthycraig256
09 Nov 2019
New broker note BusinessLIVE Eastplats struggles with ‘going concern’ worries The company has to find enough cash to keep its operations going Jubilee doing well whilst others struggle
the_old_trout
08 Nov 2019
New broker note Chillie is something I add to stir fries. I think you meant Chile, which along with South Africa one of the world’s largest producers of copper. The model JLP have produced for processing tailings can of course be readily exported to any mining domain and I think the terms will get better as JLP’s reputation grows.
mccarthycraig256
08 Nov 2019
New broker note Chillie was mentioned as a location JLP have shown interest. I wonder how well a fine copper project would go down over there.
the_old_trout
08 Nov 2019
New broker note Just watched it and was blown away by the quality of the interviewer’s well informed probing and the fact that not only did Leon have an answer for everything, he explained it all in very clear terms, with the confidence of a man who knows he’s discovered/pioneered something akin to the Holy Grail, resulting in a veritable cash cow for us shareholders. The great thing is unlike CB he’s still in his prime and with his ever growing reputation as the master of metallurgy and environmental improvement the deals will keep on coming, with strong political support for the latter. And yes he did mention fine copper, and if you look at the new presentation on the company website you will also see that Sable Zinc has already produced its’ first sheets of copper. Well done team JLP.
