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Yes d_s_many of us have been kidded by AB. Someone asked you a few weeks ago if you still had any interest in Ivory Coast and I cannot recall if you replied. May I ask have you any remaining involvement with AB.
Looks like old Vini has had his latest account removed . . . again ! How many is that now?! Losing count.
"Regarding the poster formerly known as Cityfan (or Vini). I know he was posting on the LION and PREM thread and glancing through the new posters i would say looking through this posters posts (from Monday and before) http://www.lse.co.uk/member-info.asp?page=1&nick=Covert and i would say i'm 99.9% sure Vini is now the poster "COVERT"
.....................
Vini i knew you would return back to this thread one day. You are so easy to spot. :)
Worth a watch the NR shares and investing.
https://www.sharesmagazine.co.uk/video/paul-johnson-ceo-of-metal-tiger-mtr
https://twitter.com/JBrewerMining/status/1039961898542936064?s=19
They probably dump their personal or payment shares into any bit of liquidity!
Go up when share talk do a link ? Just an observation !
Another one.
Both will have to buy $JMS
http://www.morningstar.co.uk/uk/etf/snapshot/snapshot.aspx?id=0P0000K33Y
http://www.morningstar.co.uk/uk/etf/snapshot/snapshot.aspx?id=0P0001688K
Read and weep!
JMS admitted to the SP/ASX 300
This will put JMS on institutional radars!! All coming together nicely.
https://www.jupitermines.com/cproot/837/3/20180907%20S%20and%20P%20DJI%20Announces%20September%202018%20Quarterly%20Rebalance%20(JMS%20Inclusion).pdf
"Bell has been through some highly volatile markets over the years, and he knows the pain of equity dilution as well as the next company director."
But painful for whom?
Who are they in this situation? There is no onus on anybody to buy tshipi from its current owners. A small part of me thinks that is why the divi is so good, cash out quick before a chunk may get nationalised or whatever term you want to use.
Jupiter was a bargain buy on the secondary market for years. Nobody wanted it. Then they relisted on asx. The price has dipped a small bit, but the share is showing no signs of life.
As you point out, it's a nice dividend. Good quality, long life asset. There must be an issue somewhere.
Are there any Chinese on the jms register? Did they ever show an interest?
http://www.msn.com/en-gb/money/news/there-was-just-gold-everywhere-as-far-as-you-could-see-miners-discover-90kg-of-the-precious-metal-worth-a-whopping-dollar15million-in-just-four-days/ar-BBN6RgW?ocid=ientp
More Gold than RRR have found and sold in over 10 years!! Without paying themselves £300-500k per year!
PorridgeOats: "why are Jupiter's shares trading so low?"
Just my personal opinion on possible reasons
1. The share value was massively overhyped before the IPO and the previous cash handouts were done as share buybacks presumably with the intention of trying to set a value in the markets minds. Didn't work imo.
2. It's a slow plodding company. With no plans to further the pother projects it's not a share that will fluctuate much so traders will be looking for better opportunities.
3. Of the 5 directors, only 2 actually hold shares directly with the company which is not a sign of confidence imo
The other directors wield shares from other companies inc Pallinghurst, Posco and of course here RRR
Those who got caught during the IPO paying 40c prices are now locked in so will likely just sit on them.
With nothing likely to shake the markets any time soon the SP will just stagnate.
*they have no choice about where the manganese is mined from. It is like people going on about cobalt and then saying they don't like the DRC; well tough, that is where the big deposits are.
Anyway if JMS does declare the dividend that they have indicated that they will, they will be on a huge yield since the full year dividend is likely to be higher than the the interim.
If the JMS share price stays where it is and the dividends from Tshipi work out as they look like they will, then JMS will be yielding maybe 23% ish on a full year basis. Regardless of risk that is a big yield. Just because PIs don't fancy it, doesn't mean that fund managers won't go for it.
In investing and in life there is a thing called "reversion to the mean": Over time, you would expect the JMS share price to move to something closer to the mean yield. It maybe that the risk requires a premium on the yield but it is not 23% vs 3.5% - 4.5%. Lets see what happens when they actually declare the dividend.
There may be too much turmoil, I don't know. If they do list it, fine and they don't list it, fine. The only thing about a listing might be that the look through value might be better for JMS and RRR.
DYOR
Course they have a choice. To buy or not to buy. What's that?
Most would rather leave it out of their portfolio than add. Manganese wouldn't be at the top of everybody's wish list would it?
Too much turmoil in sa to try a London listing I would say.
Well people don't have a choice about South Africa or Africa; the minerals are where the minerals are. If they were in Southern England they would never get dug up.
I did hear comments that Tshipi was looking to list on the London Stock Exchange (main list). Maybe it will.
6 - south Africa
Probably a few things:
1. The market is no longer familiar with the company
2. It is currently a single product company, Manganese
3. It hasn't actually declared its first dividend. In the UK some investors won't touch non-dividend paying companies. Looks like a short delay before they declare the dividend. A strong indication is not the same as declaring it.
4. It looks like JMS has an issue with trolls same as RRR and RGM
Tshipi dividend confirmed. Total proceeds to Jupiter are R1.1 Billion and the manganese price continues to trade between $5.50 and $6.00 / dmtu. I know people are reluctant to invest in RRR because they know Andrew Bell's shameless raids on the companies coffers, but why are Jupiter's shares trading so low?
https://www.jupitermines.com/cproot/838/3/20180910%20Tshipi%20Declares%20R2.0%20billion%20Dividend.pdf
When did commercial production start at Steelmin, maestro? Have I missed something? Have we sold anything to a customer?
torpey
the time you are talking about RRR didnt have over £3m in the bank and jms shares were delisted and were valued at 7c per share. Now they are valued at 35c a share and we have 18.5m shares in them, so thats around £3.55m in value for them.
The jms shares give us a dividends of circa £800k per annum, so they are nice little earner.
Then we own 22% of Steelmin plant which has commenced commerical production recently, if that plant was built from scratch it would have easily cost over $70m.
Then we have migori licenses which we are trying to get back, it has a reserve of 1.2Moz with a potential to be increased.
Just cant believe mkt cap is only 4m for the whole company its absolutely ridiculous.
Indeedy!
Hopefully wrapped up very very soon.