jaytrader
29 Jan 2017
Re: CML Loan Note I am sure they would like to settle for $1m when it falls due which is the minimum RRR will get but the original note has terms that suggest considerably more is due and now. An offer has already been received and rejected by AB which must have been for more than the $1m. I am not sure how long the arbitration will take but it will be a quicker solution than legal action. I look forward to news soon.
the old trout
29 Jan 2017
CML Loan Note I see that they have restructured their finances:[link] so will presumably settle the note with RRR in cash when it falls due.T
blue_sky
25 Jan 2017
Jupiter value For me Monday confirmed and backed up my personal workings and valuation of our Jupiter stake of £10 million. Whilst it did not change my valuation it will have changed others perception who had lower valuations.It also seems likely when we see Jupiters next set of results they will reflect this uplift.I do believe The stage is being set for a relist, otherwise why bother with the buyback meeting just pay Tshipi profits as simple dividend.
goldpig1
25 Jan 2017
Re: this will never rise if you want my opinion, the answer is proabably no. the market hasnt got much trust in the RRR and if you look at the actual projects the money needed to get them going would massivley dillute a company with a huge amount of shares in issue. they have consolodated the shares once and would have to do it again. all in, the only possible source of money is the tshipi investment, but if we follow history , any money raised here will go into bonus's and "consulting fee's" vaporising in a matter of months. with all this taken into consideration, how can you deliver value to the share? its currently like saying you have a rolls royce, but its at the bottom of lake michigan so if you want to drive it you need to pay to get the lake drained and fix the car. ultimatly your best move is to leave it there and buy a prius.IMHO
be_cool
24 Jan 2017
this will never rise i hope I'm wrong i really do….. i hold stock in this and have watched it drop from 12p to current levels…i bought in at 11p …. it depresses me when i hear of the news and nothing pushes the sp up….. even if its good news …MM's control this stock not news AB needs to get out of AIM and move into FTSE somehow….. or AB leave i prefer the latter….come on RRR get rid of the so called chairman and breath new life into this stock
fish lips
23 Jan 2017
Re: Poor Market response to news It is a shame that there is no resolution of Columbia, I assume the Market is very wary of AB given his past history on a number of things, Greenland, the whole El Limon thing, Kenya isn't progressing too well, and there could be a lengthy legal battle which will only be expensive.On the plus side as soon as the money starts rolling in from Jupiter then there will be a rerating.Also, if Jupiter value the shares at $0.40 then surely that's a conservative estimate and, if relisted, you'd expect a price to be higher than that as there should be value also built in for Mt Ida etc. Looking better than it did 12 months ago and there should be no dilution for a while at least, unless there's another Columbia episode!
onlywayup
23 Jan 2017
Share Buy Back JUPITER PRICES ITS BUY-BACK AT US$0.40 PER SHAREJupiter Mines Limited (“Jupiter” or “Company”
is pleased to announce the details of an off-market equal access share buy-back (“Buy Back” pursuant to which it intends to return US$55 million (approx. AU$73 million) to its shareholders (“Shareholders”.All Shareholders will be made an equal offer to buy-back 6% of their shares in Jupiter (“Shares”, at a set price of US$0.40 (approx. AU$0.53) per Share. This represents a premium in excess of 5x the price at which Shares last traded on the ASX.The Buy-Back will be funded from a ZAR499 million loan repayment from Tshipi é Ntle Manganese Mining, and from existing cash reserves.The Board believes that the Buy-Back is an efficient means of returning to Shareholders excess capital arising from record production and profitability at its flagship Tshipi manganese mine during the financial year ending on 28 February 2017 (“FY 2017”. Jupiter’s balance sheet will remain strong following the Buy-Back. Should manganese prices remain at current levels, healthy cash flow generation at Tshipi will continue and further distributions might then follow in due course.The Directors of Jupiter who hold Shares will fully accept the Buy-Back.The Buy-Back will be conducted by way of an off-market process which will open on Monday, 30 January 2017. The Buy-Back will be open to all Shareholders who hold Shares as at the record date, being Wednesday, 25 January 2017, and participation will be voluntary. If a Shareholder chooses not to participate, they will retain all of their Shares and the Company will hold the funds that would otherwise have been spent on the purchase of their Shares.The indicative timetable for the Buy-Back is as follows:EventDateBooklet lodged with ASICTuesday 24 January 2017Record date of buy-back offerWednesday 25 January 2017Booklet dispatched to shareholdersMonday 30 January 2017Opening dateMonday 30 January 2017Closing dateTuesday 7 March 2017Acceptances processedFriday 10 March 2017Cancellation of sharesMonday 13 March 2017Dispatch of confirmation lettersMonday 13 March 2017Dispatch of payment to buy-back participantsMonday 13 March 2017The above timetable is indicative only and subject to change by the Directors.The Offer Booklet to be dispatched to Shareholders on Monday, 30 January 2017 will contain full terms and conditions of the Buy-back Offer. It will also be available on the Jupiter website.With Tshipi having achieved a three-year operating track-record and healthy profits in FY 2017, and with a record production target of 3mtpa for the financial year ending on 28 February 2018, the Directors have resolved to consider strategic options to enhance shareholder value. This may include the relisting of Jupiter on the ASX in 2017. Advisors will be appointed shortly to progress this further.Yours faithfully,Jupiter Mines LimitedPriyank ThapliyalChief Executive OfficerJUPITER MINES LIMITEDABN 51 105 991 740Announcement23 January 2017JUPITER MINES LIMITEDLevel 10, 16 St Georges Terrace, PerthWA, 6000Tel: +61 8 9346 5500Fax: +61 8 9481 5933Email: [email protected]
riyank ThapliyalMelissa NorthEmail:[email protected]:www.jupitermines.comDirectors/OfficersBrian GilbertsonPaul MurrayAndrew BellPriyank ThapliyalSungwon YoonMelissa NorthIssued Capital:Shares: 2,281,835,383Unlisted Opts: NilCurrent Projects:• Production of manganese• Advanced iron ore feasibility studies
Verger Blue
23 Jan 2017
Re: Poor Market response to news Plus also the fact that bad news - no resolution in sight in Columbia - was released in parallel with the seemingly good news. The lingering bad stench will hold back the rise until there is enough fair wind to blow it away and that will take a while yet.
jaytrader
23 Jan 2017
Poor Market response to news I think the market response to the latest news from Jupiter tells Andrew Bell he has to do more to prove to the market shareholders will receive any Jupiter sale proceeds. The problem now is with the warrants he has just issued himself and staff pushing the price up to fast will not look good. What would look good is making an amendment to the issue price from .8, 1.2 and 1.5 to 1.5 2.5 and 4.0
jaytrader
23 Jan 2017
Tshipi Valuation When will the market get it?If you look at the Jupiter presentation for the valuation of Tshipi (see below)If you take the mid price that¡¦s about $2500m so RRR 1.2% is $30m that¡¦s a share price of over 5p for just the Jupiter shares.Jupiter are also reviewing restarting Mount Ida. That is worth a lot to RRR because of the .75% royalty and the balance that would be due from Anglo for the .75% already sold. That must be worth 15m+. All in all the Jupiter assets and royalty could be worth 7 to 8p a share. Not sure when the market will revalue RRR but it will.From the Jupiter meeting a valuation at the different exchange rates and sale price.Tshipi ¡V Valuation US$m - 100% Metal price - US$/dmtu 4.00 5.00 6.00 7.00 Exchange rate - ZAR/US$ 12.00 1,085 1,804 2,540 3,277 13.00 1,286 2,060 2,843 3,625 14.00 1,488 2,316 3,145 3,974 15.00 1,698 2,573 3,448 4,323Mount Ida & Mount Mason Iron Ore Projects - Update „X The iron ore price has somewhat recovered from the lows recorded at the end of the 2015 year. „X The favourable iron ore price and exchange rates means a review of these projects is warranted. „X Iron ore exporters at Western Australian ports are running low on ore. „X Mt Mason and Mt Ida can provide immediate production and long term resources. Source
the old trout
23 Jan 2017
Interview with AB This morning:[link] again ruled out until the value of Jupiter is fully reflected in the share price. This rise has some way to go yet imho.T
Gold or Silver
23 Jan 2017
Re: buy buy buy! Agreed, Good luck AllAnd May
isdeer
23 Jan 2017
buy buy buy! Rampendous and Ramptastic news for RRR, buy back at 53c a pop for 6% of shares. Values share holding at over 8m GBP.
blue_sky
22 Jan 2017
Broadening Triangle That cup and handle you talked about old trout is setting up lovely 1.15p price target and also there is a broadening triangle pointing to same area, good relative strength this looks very positive and tells us what market thinks. 
the old trout
19 Jan 2017
Re: looking good Cup and handle formation playing out perfectly here. Should breach the lip of the cup tomorrow, then my 1.15p comes into play as the next target. The chart looks much better if you plot it yourself using candlesticks, but iii's system won't allow me to do that.
