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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

http://www.proactiveinvestors.co.uk/companies/news/204620/red-rocks-holding-in-jupiter-mines-is-about-to-start-paying-off-in-several-different-ways-204620.html

*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

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.

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

Indeedy!

https://twitter.com/Boardo65/status/1038232164905578496?s=19

It is not a profit, it is an NSR: Net Smelter Royalty. The money falls due and payable whether makes a profit or not. So to call it a profit is nonsense. What masters is how does Para owe us and how is being paid and when.

We want Para to make a profit because of the shares and warrants. If it is profitable it also means the payment of the royalties is more certain and they will be larger.

DYOR

Grow up.

You won't see income on the balance sheet, it goes in the P&L.

Investing is about making money not proving who is right.

I look forward to converting my loan notes and making some decent money here.

BTW RRR has a holding in RGM, not huge but worth having. I expect there will be a profit to be taken there fairly shortly.

I am not here to do other people's research for them. If it is convenient, I will post stuff.

You may think Tragic knows what he is talking about but he doesn't: as evidenced by his comments about Para.

It looks like the royalty payments will pick up from next March.

And this is how it was settled.
http://www.lse.co.uk/share-regulatory-news.asp?shareprice=RRR&ArticleCode=t7tgph7z&ArticleHeadline=Colombia_Update

This stated clearly what the dispute was about.
http://www.lse.co.uk/share-regulatory-news.asp?shareprice=RRR&ArticleCode=1oqftzeu&ArticleHeadline=Columbia_Update

Ok make your own answer up.

AB has tweeted today, that RRR has the royalty. What is the point of asking anything if you disbelieve all answers?

Read the RNS's. RRR went to legals over it. The royalty is over all gold processed at El Limon.

Hey Trolls,

more good news for you to convert into bad news. If you read it properly you will be able to calculate the increase in the royalty payments going forward; you know the ones that are not worth having!!

https://www.bloomberg.com/press-releases/2018-09-06/correction-from-source-para-provides-a-corporate-update

Indeed. I have to say that the trolls on the ADVFN board are the worst.

Anyway, here is to the share price being higher sooner rather than later. Both Andrew Bell and SK have warrants that expire at the end of November 2018. I am sure that they will doing their damnedest to get that sp moving northwards.

In his interview on Monday, he seemed to hint that the DRC tailings deal is a done deal and that there were other DRC deals in the pipeline. I thought it was good that he indicated that getting DRC into production wouldn't take too long.

If RRR has cashflow from DRC by the end of the year that will a big step forward.

DYOR

Au contraire. I would suggest that it is a pretty good description.

Why does someone who, according to him, has no financial interest in a company, post incessantly across multiple platforms and do his best to mis-represent what the RRR, RGM and Mayan are doing?

Facts:

Para Resources has done two equity raises and raised debt. The debt is $14mil against a gold supply contract of 44,000 ounces over 54 months. It has stated that it will reopen the Gold Road mine in October 2018. It is processing gold at El Limon from the El Limon mine and the artisanal miners.

RRR has shares, warrants and a royalty: according to our resident expert investor, this is worth nothing because it is not money in the bank.

Either the expert investor either doesn't know what he is talking about or he is a troll. It could of course be that in this case both apply.

He does the same elsewhere, non-stop.

I have not unfiltered the trolls so I am responding blind.

Someone has just lent Para $14mil against future gold supply of 44,000 ounces.

Get over it. Para is going to do okay: RRR has shares, warrants and a royalty.

Register on a course, "Investing for Idiots". You might learn something or maybe not.

https://www.youtube.com/watch?v=luqeO-5-K98