Member Info for maestro1

Or they pay in 8 months and we get 30%, ;-)

Cgull They are not obliged to pay back now, if they want to extend their will be penalty, read original rns. It's in steelmin s interest to pay it back as its getting really expensive for them... Me more interested in the cobalt deal, which has estimated 30,000 metric tonnes, 1 metric tonne of cobalt is sold for $80,000, that is staggering..

Next two months loads of price sensitive news...

It's all about risk/reward, should the loan be repaid and something positive about cobalt deal this will be certainly higher than current sp...

Itsgambling Go and stick to srsp.. You talk nonsense...

http://www.lse.co.uk/share-regulatory-news.asp?shareprice=RRR&ArticleCode=l3k7ay19&ArticleHeadline=Acquisition_of_Interest_in_Steelmin_Limited

Magic read the agreement again, nothing sinister has happened, they can extend by another 8 months, https://www.**********.co.uk/rns/announcement/26102011/?source=twitter

Seingred F the share consolidation, the dilution, but look at the facts. Current mkt cap is 4.75m, they have around £6.8m invested in Jupiter mines and also have loan being returned by steelmin. Bell has said they expect to make £1.8m and 21% in steelmin. Para resource are expected to pay us $750K plus interest on 1St April. That surely doubles the mkt cap, it's cheap...

I know a few who are planning to invest this week coming, what nonsense are you on about..

Coffee cup this is my entry point, I think slot of new punters will be joining tomorrow...

Okenia He has his opinion, we have ours, at this price there is value multiple times. If the cobalt deal comes through then it's a game changer we are looking into double figures. There is an estimated 35K metric tonne in the asset rrr are looking at, 1 tonne of cobalt can be sold for $30K. With commodity prices gaining traction again now is the time to get back in this stock.. IMHO...

I think almost everyone investing on aim have lost money, it's risky business. Let's not make fun of someone who has lost in past in this stock..

I agree, end of the month is approaching I really hope we get the license and then the rig, judging by the new arrivals at aaog it's looking positive.. imho

Magic I don't think you should be investing in aim companies, you should be investing in ftse100 companies which I believe you are suited too. Fact of the matter is Jupiter has been buying back shares at 0.44c even if they are listed or sold privately this is the value we are using to value our share of the company which is 1.2% of aus$1bn. I have told you previously that steelmin have always had option to increase loan by another 8 months so it's not new. We will know for sure by Wed of they extend or pay up. Then we have news on cobalt deal and the kenyan gold contract..

Mr Magic does Noirua post answer your question, they will have cash to sign cobalt deal should it have decent resource, even without steemin loan... :-) Admit it current levels look cheap..

Mr Magic, even if they do, steelmin have a right to do that subject to the agreement we have with them, they have option to extend for another 8 months, by that time we will have 30% of steelmin and additional interest of 5%... 4.67m mkt cap I take that....

Irick4g No I am basing the current assets certainly have value over £4.67m. Our shares in Australian company are worth more than that...

Coffee, magic doesn't hold shares in this stock he is being bitter...

I've recently caught onto this stock, on paper it looks undervalued, Magic has ulterior motive as he has lost money when this was 10p+, now it's slightly less than 1p and there is value here.. IMHO.

dont forget by 31st jan we are also due decision on cobalt deal "Further to the announcements of 26(th) September 2017 and 3 November 2017, the due diligence period on four or five copper/cobalt tailings near Kolwezi in the Democratic Republic of Congo has been further extended until 31 January 2018."