Member Info for MrMagic

And one more thing . . . .

Helpful: "PPS if JMS does get an acceptable offer it will distribute the full proceeds to shareholders including RRR."

Another great "sleight of hand" there by the resident ramper.

Jupiter conducted 3 separate share buy backs before they relisted last year which RRR participated in netting them around £1 million. They then issued a share dividend last Sept netting RRR about £500k. Another smaller divi is now due of around £250k.

The previous monies simply went into the RRR coffers.

RRR SHAREHOLDERS DID NOT SEE ONE SINGLE PENNY OF THOSE MONIES

Nothing was passed onto RRR shareholders. Not one penny. Zip, nil, nada, nowt.

Instead monies were exposed to this BOD's penchant for spending £millions on Admin expenses. I dread to think how many £millions went to Admin Expenses these past few years but it is very substantial. The recent Annual Report stated that they expended a colossal £849,518 on Admin Expenses last year and a further £306K on "Other Project Costs". Hardly shareholder value is it ?!!

So Helpful is simply playing with words in many ways. RRR receive all the benefits from any Jupiter handouts and thus far actual RRR shareholders haven't been passed a penny of any of it.

Forgive me then if I don't jump for joy at the prospect of Jupiter selling their Yilgarn assets.

Remove this BOD, curtail the (imo) ridiculous expenditure on Admin and other expenses which paints the company as nothing but a lifestyle venture for the BOD's personal enrichment, and then, and only then will the SP ever have a real chance of going anywhere significant. All imo. DYOR.

As for Helpful's comments:

"Australian iron ore prices are exploding ..... Obviously, this sort of information can't be true because the person suffering the grief would be wrong. Sorry mate but it is true. "

Well one can but chuckle.

Here's one outlook for iron ore prices in 2019:

https://www.businessinsider.com.au/iron-ore-price-forecast-hsbc-2019-2

“We think spot prices in the high $80 a tonne region look unsustainable,” HSBC says.

"we believe further price pressure from slowing steel production, contracting steel margins and recovering supply is likely to see prices trend towards our $67 a tonne"

Oh dear, quite the contrarian view !

Surely can't be right because that would mean Helpful is wrong and by golly he's a great negotiator of deals and negotiated the extention of some of the outstanding CLNs here !! No he couldn't be wrong.

I mean yes, he bought some of those £910,000 outstanding CLNs back in late 2017 but couldn't convert them as the SP was less than 0.8p but that's just history surely !

And yes, he had them extended for another year but still hasn't been able to convert them because the SP is still way below 0.8p and has dropped further than last year but again that doesn't count, old history, nothing to see here.

Like I said, denial is a terrible thing. As zumore factually highlights, poster Helpful has ramped Mayan for years whilst its BOD continued to issue billions and billions of shares and decimated the SP, and had to do a colossal 400 to 1 consolidation to make the SP look sensible. Frankly I can't take a single thing he posts with any degree of credibility nor can I keep a straight face when he does. I doubt he can either. DYOR.

I hope people do their research in the face of such mindless ramping here. Best to have the facts rather than the endless spiel and sound bites.

One could paraphrase Helpful's ludicrous rant there in one sentence. . .

"Company X made a success of a mineral mine, therefore company Y must surely also see the same success as they also have a mineral mine"

It's pretty farcical but there you go. Some here it seems are hurting very badly having invested and hoped for great things and then seen project after project fail and end up in AB's oubliette. Denial is a terrible thing and daily ramping is but the outward symptom of the desperation, the vain hope that if the company performance isn't there to bolster the SP then surely it may rise on the back of fervent ramping. Sad to see.

It's been yet another year of disappointments. The Greenland project previously on sale for around £10m was quietly sold off last year for just £1 by this BOD, shareholders found out in the Annual Report.

Shoats Creek, wildly ramped by these numpties, is now being written off.

Steelmin also wildly ramped has shut down due to high electricity prices, unable to operate profitably and that was over 5 months ago. Another one for the oubliette.

In the absence of anything tangible to ramp it's unsurprising they are once again trying to focus on Mt Ida. This project gets routinely ramped by the crews once or twice a year despite it being mothballed. Some facts:

Mt Ida has been mothballed since 2012.
Iron ore prices were over $120 at the time and Jupiter themselves deemed that "currently depressed"
Today iron ore is around $85 and likely to fall
Jupiter have no plans at all to do anything with it, hence they'd like someone to buy it.

But why would anyone buy it of the capital and operating costs are higher than expected and iron ore prices are way below levels Jupiter deemed "currenty depressed"?! Makes no rational sense, at least not to me.

Perhaps it's going to be a "giveaway" sale?

Believe what you will but DYOR

Helpful : "Jupiter has commenced a strategic review in order to realise value from its iron ore projects, in light of the current iron ore market conditions"

As the expression goes . . . "Cool story bro !"

Reality is that iron ore price was over $120 when Jupiter chose to originally mothball the projects.

In their RNS of 8th Nov 2012 they cited "currently depressed" prices as one of the reasons to mothball.

Here it is, Jupiter 8th Nov 2012 RNS:

"Jupiter Mines Limited (Jupiter) (ASX: JMS) has just received the preliminary estimates of the Mount Ida Feasibility Study. These indicate higher capital and operating costs than those contained in the 2011 Scoping Study. In light of these estimates, taken together with the currently depressed iron ore and strong exchange rate environment, the Jupiter Board has concluded that it is in the best interest of the Company and its shareholders to freeze expenditure on the Mount Ida project until market conditions improve."

Iron ore is today around $85 so clearly the markets have NOT recovered anywhere near the levels that existed when they chose to mothball the projects.

Somewhat odd then that they are making a song and dance out of yet another review (they reviewed the projects early last year as I remember and still chose to keep them mothballed).

Can't imagine either that those "higher capital and operating costs" will be particularly attractive to any prospective buyer especially if iron ore prices are far far lower than the $120 levels that Jupiter said were "currently depressed".

For me, something just doesn't add up here. Each to their own though as always. DYOR.

Always good to see this Q&A session on which Mr Bell sat on a panel with Richard Poulden, Dominic Frisby, Amanda Van Dyke and others.

https://www.youtube.com/watch?v=fam0-SHrDDY

Good Snippets:

25mins 40 secs:

Dominic Frisby berates badly behaved miners/explorers citing statistics that revealed that more than 50% of all funds raised went to management rather than "in the ground" and that a whole raft of lawyers and fund raise companies have emerged to support that poor situation and all of that needs to be cleaned up.

29 mins: The panel offer their advice on how to pick good shares

Amanda Van Dyke said:

"A lot of people are taken in by mining promotors and the mining industry is unfortunately horrible at over-promoting its own companies. I think you have to forget about what mining promoters say and compare mining companies, and developing mining companies and small cap stocks as it were on a metric by metric basis.
What cost of production will they have?
Do they have management with a track record regardless of what they say on a podium ?"

Richard Poulden said:

"You should look at how much management own of the company, it's very important.
If they only own 3%, they'll go out and raise money to pay themselves as day follows night.
The next thing is you should look at the G and A (General and Admin) costs, tremendously important.
How much money is actually going into the ground ?
Are they paying themselves stupid salaries ?
How much skin do they have in the game?
And that really, if you add those criteria to the ones Amanda has just expressed, that will give
you the best stock picks."

All very wise words imo

One notes as always that those ramping the share on a daily basis are clearly NOT buying the shares themselves as is plainly evident from the extremely sparse trade list. By that fact alone one can conclude that they are full of horse manure and simply want others to buy shares so they can exit with a profit or minimal loss. imo.

I concur

Blatant and desperate attempts to preserve a lifestyle venture to continue the BOD's personal enrichment.

If the company and prospects are so good then why not buy the bloody shares yourself BOD ?!!!

Clearly because they'd be utterly stupid to put £000s of their own money in here to then dilute themselves to oblivion, but clearly have no issues doing that to mugpunters of the AIM market.

It will be interesting to see how the BOD tarts up the Steelmin situation in the forthcoming report.

It's been over 5 months since Steelmin announced that they could no longer operate profitably due to high electricity prices since when various pundits have muttered on about them saying they will negotiate a new longer term energy contract. 5 months gone and still not a single word about the project or any new energy contract. Most likely because energy prices are set to increase by 15% this year in Bosnia so extremely bad news for Steelmin which I assume remains shuttered/shut down.

https://balkangreenenergynews.com/electricity-prices-across-the-region-to-increase-by-up-to-40-in-2019/

"Electricity prices for businesses went up in Croatia this year, while hikes have been announced for 2019 in Serbia, of about 20%, and Bosnia and Herzegovina (BiH), of around 15%."

Lashings of wordsmithing and tomorrows jam will be needed in the half year report to polish that particular failure!

For me personally, yet another failed venture for AB's oubliette. And another one that the feckless rampers waxed lyrical about months ago telling everyone it would be a game changer. Con men every one of them imo. Follow them at your peril. Just DYOR.

Porridge: "With Jupiter mines at AUD 0.35"

Ah but we must not forget that Jupiter's share price has simply tanked ever since it relisted last year. They relisted at 40c and it just steadily tanked since right down to 24c. The only reason it is currently at 35c, imo, is because they announced another dividend. It should be obvious to all that savvy punters buy in just before that announcement, wait for the divi to be paid and then sell back out. The less savvy buy just after the announcement and thus pay a premium for the shares. They will also get their share of the divi but will lose out on the subsequent sale of the shares having paid that premium. The notion that Jupiter is 35c because of the actual company and its assets imo is simply ridiculous. The shares were sat at 24c when there was no news, that's where markets obviously valued it, only the dividend has resulted in some temporary interest and as soon as the dividend cut off date is passed I personally expect a sudden and mass sell out of those punters who will try to get as good a price as they can befoer the SP crashes back down.

Rampers of course will tell you otherwise.

Either way the share price is nothing but a notional entity because AB will never sell the shares to realise their value here. He sits on the Jupiter board which imo creates a conflict of interest. It would look terrible to the Jupiter markets if one of its board members were to sell off all their Jupiter shares would it not? So the continuing "sleight of hand" trick that these rampers play with their totally fake "sum of the parts" valuations cuts absolutely no ice with me. When Jupiter relisted RRR's holding was worth over £4m (notionally). That value then decreased by over £1.5m when the shares hit 24c. I personally believe the shares will drop back to that value when teh divi cut off date is passed. Believe what you will but be sure to DYOR.

I note the last sell shown in the list yesterday. A small amount sold at 0.55p

Doesn't auger well imo. If that signals that 0.6p support has been broken then next support is at 0.4p

Might be opportunities for people to punt if it drops to those levels.

Helpful: "JMS spent $40mil on a banking feasibility study. Why would JMS do nothing with them? "

Errr because that feasibility study highlighted that the costs were huge, much bigger than they had imagined. Here again is the factual RNS that they put out:

8th Nov 2012

"Jupiter Mines Limited (Jupiter) (ASX: JMS) has just received the preliminary estimates of the Mount Ida Feasibility Study. These indicate higher capital and operating costs than those contained in the 2011 Scoping Study. In light of these estimates, taken together with the currently depressed iron ore and strong exchange rate environment, the Jupiter Board has concluded that it is in the best interest of the Company and its shareholders to freeze expenditure on the Mount Ida project until market conditions improve."

https://www.jupitermines.com/cproot/175/3/jupiter---quaeh.pdf

There you have it. "higher capital and operating costs than those contained in the 2011 Scoping Study"

And this was at a time when iron ore prices were at $120. Over $120 in fact.

Today iron ore is nowhere near those levels. Currently $85 and likely to fall in 2019.

Only a shameless ramper would try to present that situation as something else.

Mt Ida is clearly going nowhere. Jupiter have stated numerous times that they have no plans to develop it.

Why would anyone else want to come in and buy it up if:

1) Jupiter themselves don't want to develop it?
2) Jupiter have tons of cash to do it, but still don't want to develop it?
3) Capital and operating costs are so large as to be prohibitive?
4) Iron ore prices are still way below the level Jupiter deemed to be "currently depressed"?

You're simply pedlling unicorn fantasies as ever to try and dupe the mugpunters here. This isn't even "jam tomorrow" rehtoric it's simply pure fantasy.

Mt Ida is mothballed.

It was reviewed last year and Jupiter concluded it should remain in mothballs

They aren't spending anything on it, just leaving it on care and maintenance.

Nothing there to ramp. Move on. Find something real and worthwhile to promote. Not easy I realise with RRR !

Desperate stuff Helpful.

Jupiter is a large company with pots of cash. So much so that it keeps throwing off millions to its investors by way of dividends. Despite being flush with cash, the company has REPEATEDLY stated that it has no intentions of doing anything with Mt Ida.

They mothballed the project in 2012 when the iron ore price was over $120 and said that the "currently depressed" prices were one of the reasons.

Iron ore prices are currently languishing at $85 in comparison and are predicted by some to drop this year to around $67.

Now if Jupiter with pots of cash aren't going to do anything with Mt Ida then why on earth would anyone else be interested?!!

DYOR

Was released 26 Mar last year so possibly imminent. Should make for interesting reading.

No point buying shares before then imo in case it's full of bad news. Previous Annual Report was an absolute shocker.

Looks like my prediction yesterday was bang on when I said this would drop into the 50s !

Take a look at the 5yr chart here

http://oi68.tinypic.com/14x2gp0.jpg

It can be seen that once the 0.6p support line is breached, the next support line is way down at 0.4p

Hardly any buys, understandably imo

You'd think that Helpful with his hourly efforts posting puerile links would be buying these in their millions . . . .
But seems not . . . . . hmmmm go figure ! lol

Wow that is pretty brutal. From CAD$450k to now CAD$47,798

What on earth were they thinking?!

http://balkanenergy.com/Bosnian_heavy_industry_in_crisis_due_to_high_electricity_prices_10_October_2018/

"Bosnian steel alloy producer Steelmin BH has serious problems regarding the resuming recently disrupted production of ferrosilicon due to rising electricity prices.

Namely, the company did not conclude long-term electricity supply contract, but instead opted for quarterly supply contracts"

The above was from Oct. There has been no sign of Steelmin negotiating a new energy contract since Sept, 5 months ago. How are they repaying the huge loans they took out ?!!

Another trade has flooded in. Another sell. So that's 7 trades today.

Small wonder Helpful is so desperate. He's never going to shift his allotment of the £910,000 outstanding convertible loan notes imo.

Wonder if the sells are Helpfuls?!!!

Helpful - "5. The price of iron ore is now back up around the level when JMS was going to proceed with Mt Ida and Mt Mason back in 2011/12."

Wow, I knew you were getting desperate with all the lame ramping but now posting outright lies ! Really poor stuff.

Mt Ida was mothballed in 2012 as per Jupiter's announcements.

At that time the iron ore price was over $120.

Here's one of many charts. Click the 10yr button and see.

Today iron ore is around $84.

Absolutely nowhere near the price when Jupiter mothballed the project. Note also that Jupiter deem those levels to be "currently depressed".

Just so desperate

Only 6 trades showing today, all sells. The poor volume continues.

Notable sell there of 857k shares at 0.57p

Looks like this is going into the 50s then. imo.

Still looking utterly desperate Helpful. Sad to see. Presumably you are selling whilst you post all these tidbits.

Your link essentially highlights that the spare port and rail capacity at the Port of Esperance is going to be utilised. Wouldn't Jupiter need that capacity if it ever wanted to bring Mt Ida out of mothballs??