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Helpful: "the important bit is about the accounts being published: this releases the JMS shares held by RRR from escrow."
Not sure what your point is here TBH. Nothing has changed as per the original Escrow Agreement which another poster provided a link for some time ago. Here it is:
https://www.asx.com.au/asxpdf/20180417/pdf/43t8hfmq8tvqst.pdf
Scroll down to page 6 and you can see the release conditions.
It states that:
50% of the shares will be released when Jupiter :
"announces to ASX its reviewed financial statements for the half financial year ending 31 August 2019"
and the other 50% will be released when Jupiter:
"releases to ASX its audited financial statements for the financial year ending 28 February 2019"
Jupiter's track record of account releases are as follows:
Half Year Reports: 26 Oct, 6 Dec, 19 Dec
Full Year Reports: 31 May, 27 June, 16 June
Reasonable then to conclude that 50% of the RRR shares will be released around June time and the other 50% anywhere from late Oct to Dec.
All of which is rather academic because whilst the shares have been locked away in Escrow their value has lost over £1.5m since Jupiter relisted last year. I'm not including the recent mini spike in this because that is obviously artificial and a result of the dividend payment. The JMS SP will surely drop back down after the divi imo.
PS the important bit is about the accounts being published: this releases the JMS shares held by RRR from escrow.
DYOR
Just read the RNS on here and the formatting doesn't read very well. This is better from the London Stock Exchange website.
https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/RRR/13974571.html
DYOR
Something's wrong somewhere helpful, as those stats allude to. There's been 2 years of em.
So the wrong type of dividend then?
Jupiter returns first paid to red rock in Mar 17.
Red rock share price is down around 5-10% from then.
The tvr was 467.3m. Today it is 606m with a shit ton more promised. Congo deal, cln's, staff benefit (pmsl) warrants, options etc.
Got a quid for Greenland though. Awesome.
Yep Colin beat me to it. Never a penny of the Jupiter bonuses passed on to shareholders.
3 separate share buy backs conducted by Jupiter netting RRR over £1m plus a £500k dividend last year and now this dividend to come. All cash that went into the RRR coffers and NOT A SINGLE PENNY of it passed onto long suffering shareholders. Just money that inevitably gets rinsed through the astounding expenditure of this BOD on ADMIN expenses and other sundries. Last year they burned through a colossal £849,000 on just Admin plus a further £306k on "Other Project Costs".
Nothing there for shareholders sadly and with large 11% holder Peter Gyllenhammar actively selling shares there's unlikely to be any forward movement of the SP for quite some time imo. Any news will just be sold into.
No surprise then that the usual suspects are trying to pump this dog of a share with "jam tomorrow" kidology.
Just DYOR imo.
Some might say that the RRR shareholders will derive absolutely no benefit at all from the JMS dividend. It will help towards the coming year's expenses though.
https://www.proactiveinvestors.com.au/companies/amp/news/214843?__twitter_impression=true
https://www.jupitermines.com/cproot/874/3/20190219%20Jupiter%20Delivers%2024pct%20Yield%20in%20First%20Year%20of%20Listing.pdf
Obviously, some will say it is the wrong type of dividend; the money smells funny or something like that.
DYOR
Obviously, I was teasing about the made up ramp bit.
Bottom line, there is a copper shortage looming and the price will respond.
IN many ways odd that we've seen no holding RNS from you Helpful. I mean if you were happy to have convertible loan notes at 0.8p you'd think you would be lapping these up at 0.6p levels . . . . but no . . . . no holding RNS's
Go figure! lol
Another made up ramp for the ex-Wives Club.
https://twitter.com/StockheadAU/status/1097611716605685760?s=19
Lol Helpful
Keep ramping old son and keep clinging to those Convertible Loan Notes you have which can't be converted unless the SP goes over 0.8p. The "ex-wives" club as you call them know the score here all too well as it seems do the markets. The Annual Report contained all the revealing and rather dire facts so no-one needs to make anything up:
Greenland project now sold off for just £1
Shoats Creek project now being written off
Steelmin project a bust, can't operate at a profit
Loans and investment in Amulet Diamonds way back in July 2018 that this BOD failed to report to the markets via RNS
In fact USD401,961 of shareholder loans which are "unsecured, non-interest bearing and have no fixed maturity or repayment date" !! Just great !
Current Liabilities of £2.6m
Cash in the bank £2.2m
but that's quickly burned through when this BOD expends around £850,000 a year just on ADMIN !!
Money from Jupiter dividends going into RRR coffers, not a single penny being passed onto RRR shareholders.
Value of the Jupiter shares here has tanked since they relisted last year.
Top it off with the fact that this BOD at the recent AGM requested and were granted authority to issue up to 400m more shares here and the usual picture is complete.
And all you have to ramp with is the usual "jam tomorrow" crapola for whatever the "new kid on the block" project happens to be. When that goes the same way as all the other projects you'll move onto the next new project, rinse, repeat ad-infinitum.
Definitely DYOR.
Funny guy! I don't give advice on here and anyone who would take any notice of any advice that was offered on here is heading for a fall.
If you have a look you will see that I mostly post links with information. Unlike our friends in the ex-Wives Club I like to keep it to the facts.
It isn't me that creates analysis that shows that the copper market is tightening and the price rising; it is out there whether I post it on here or not. Same with the analysis relating to takeovers in the copper sector. Sandfire looking to take over MOD Resources is just a particular example of a more general trend.
I do expect that once RRR publishes its JORC report that there will be some interest in it from other companies.
In the oil sector the market goes through phases where it is cheaper to buy oil on the stock market than to explore for it or do trade deals or buy it in the commodity markets. The same will apply in respect of copper. Right now AB has made it clear what he thinks he has at Musonoi but he can't back it up with a JORC resource report but he will be able to do so in a few weeks. At that point it will be clear what RRR has and what it is worth.
DYOR
Another 2.2m sold for £13k
Got to presume it's Peter Gyllenhammar continuing to dump. What does he know?
With 9.9% holding still to go it's going to be a long haul if he intends to dump the lot.
SP only going one way. Into the 0.50s soon imo..
As I said..
https://twitter.com/proactive_UK/status/1097446384674979841?s=19
Attaching a link to analysis that says that the price of copper is due rise is ramping?
Haha. Helpful the habitual ramper and Mr.M the habitual deramper and so the saga continues! Lol
https://twitter.com/kirillklip/status/1097035654242930688?s=19
https://twitter.com/AmberMining/status/1097148921044963329?s=19
https://twitter.com/TereaAfrica007/status/1097093626285441024?s=19
Helpful - "Hey don't believe what I say"
Thanks. I don't, not a single word. You've shown yourself to be an habitual ramper of absolutely dire shares.
You ramped Mayan Energy for years despite the despicable behaviours of the BOD. A company that just kept issuing billions and billions of shares and then had to do a colossal 400-1 consolidation. Yes you read that right, 400-1 consolidation. The SP there was utterly destroyed by the BOD who spent millions in Admin whilst destroying shareholder value.
Your constant attempts to ramp RRR here are as useless as they were on Mayan. The Mayan board has seen some heavy exchanges with you and the other rampers who have been pulled up time and time again.
The "Jam tomorrow" billy BS doesn't work any more. Everyone knows how AB rolls both here and at RGM.
You need to get your money back from the Convertible Loan Notes you bought here. They are convertible at 0.8p.
People should be aware. Currently you haven't a rats chance in hell of converting them, just has you had no chance of converting them last year. Their term was extended for another year so here you are still trying to ramp the SP above 0.8p to make use of them. It's clearly not working.
SP is only going one way after that imo disastrous Annual Report. I can not imagine that any large investor would have been pleased to read what was revealed in there:
Greenland project sold off for £1
Shoats Creek Project being written off
Steelmin ceased operations because it can't operate at a profit
Investment and loans to Amulet Diamonds back in July 2018 that were not declared to markets via RNS
Current Liabilities of £2.6m
Admin Expenses of circa £850,000
Other Project Costs of £306,666
and so on
Now we have large (10%) holder Peter Gyllenhammar shedding shares
Like I said, SP is only going one way
Hey don't believe what I say, do some research. As I said, I think they will start some "test" mining shortly alongside the preparation of the JORC report.
One of the reasons for doing the JORC report is to deal with the "it can't be true because..... Andrew Bell" issues.
We will see what it says soon enough.
DYOR
lol Helpful. What a crock of nonsense.
Anyone who took that advice here would have lost their money imo. Look at the chart for god's sake. The SP devastation is palpable:
http://oi66.tinypic.com/166izgp