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- 27 April 2006
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obviously mgt are a quality pair here. lol. i think talbot should evict these buffoons from JMS and put someone quality in
Hi Professor,
I've found the following story from another forum. I cannot verify the integrity of such news though. Let's us all hope that this will not have too much effect on the SP.
STORY
Two former Perth stockbrokers and directors of minerals explorer Jupiter mines have been locked up in the UAE after clashing with airline staff in the first class section of a flight from Sydney.
Businessman David Evans and Jeremy Snaith are understood to have been arrested by UAE police after an incident on April 26 in which the Abu-Dhabi based Etihad Airways alleges members of its staff were abused.
An Australian diplomatic official in Abu Dhabi refused to discuss the mens plight, saying it would be a breach of Federal privacy laws. The UAE consulate declined to comment.
One source said yesterday the charges included unruly and disruptive behaviour on an aircraft.
Business sources said Mr Evans, 37, was released on Wednesday after Dubai-based WA businessman Mick Shemasian put up bail money. But Mr Snaith, 39, was still in custody.
Both men were stockbrokers in Perth last decade before moving to Sydney, where they are now executive directors of Jupiter and promote its WA-focused iron ore and nickel exploration activities to investors.
Mr Snaith's brother Chris, who is managing Jupiter's HQ, did not return calls yesterday.
One source said the incidents occurred after the men put on pyjamas supplied to first class passengers on the 13 hour flight from Sydney to Abu Dhabi. Most crew on the airline are not UAE citizens and are recruited worldwide. But flights to Abu Dhabi are covered by UAE laws, a mixture of civil, criminal and Islamic Sharia laws.
An Etihad spokesman refused to discuss the charges, saying it would wait for the court decision. It treated such incidents 'extremely seriously'. The safety and security of customers and staff was top priority, he said.
END
JT
If Jupiter Uranium gets listed as a seperate company, there could be some good profits for current holders of Jupiter Mining.
It seems that to me that this company is way undervalued. With the Iron Ore assets and now the U, this company should be over 40c, the previously high that was reached when the Fe results came out.
Interesting news article... Jupiter Mines Directors on drug charges in the UAE
http://www.news.com.au/story/0,23599,21811868-2,00.html
What the hell is going on? Surely JMS are going to kick these idiots outof their current positions? Sex, drug, and other charges, for goodness sake! Get them out now! Get someone else in. I do hope that this does not further affect JMS.
Does anyone know anything further?
More bad press....Criterion report this week:- Woe is me
Jupiter Mines (JMS) 18c
INVESTING in a junior explorer always entails taking a risk or two. But these don't usually include reputational damage flowing from allegations involving high-altitude nudity, crudity and inappropriate contact with hosties.
On a Qantas flight, it would be just another business class lavatory romp. The trouble with Jupiter lads Jeremy Snaith and David Evans is they were on an Etihad Airways flight to the United Arab Emirates, where for a month they've been enjoying the Abu Dhabi prison's cuisine.
But it appears that all's well that ends well. They were last night reportedly free after the prosecution withdrew intoxication and sexual harassment charges.
For Jupiter, though, the problems may only have begun. The duo may be free in the eyes of the UAE judiciary, but their ongoing involvement with the company is less certain.
Yesterday, chairman Alan Broome issued a statement seeking to clarify "misinformation" about the pair's role with the company.
In part, Broome noted that the pair were (and are) non-executive directors, contracted to perform executive duties for 15 hours a week. They were not in the Middle East exclusively on Jupiter business, and Jupiter was not approached "officially or formally with advice regarding the allegations of the background to the matter".
We had the impression the pair played key management roles, Snaith as exploration director. It's now up to holders - including Ken Talbot's private company - to decide whether to convene an EGM about them.
Jupiter's key assets are its Brockman iron ore project near Mount Tom Price and the Woodgiemooltha sulphide nickel project near Kambalda.
We last rated Jupiter a "speculative buy" at 17c in early September last year and the stock obliged by rallying to a peak of 43c.
Jupiter has decent ground for a junior and $7 million cash in the bank. But justly or not, it has credibility woes. SELL.
More bad press....Criterion report this week:- Woe is me
Jupiter Mines (JMS) 18c
INVESTING in a junior explorer always entails taking a risk or two. But these don't usually include reputational damage flowing from allegations involving high-altitude nudity, crudity and inappropriate contact with hosties.
On a Qantas flight, it would be just another business class lavatory romp. The trouble with Jupiter lads Jeremy Snaith and David Evans is they were on an Etihad Airways flight to the United Arab Emirates, where for a month they've been enjoying the Abu Dhabi prison's cuisine.
But it appears that all's well that ends well. They were last night reportedly free after the prosecution withdrew intoxication and sexual harassment charges.
For Jupiter, though, the problems may only have begun. The duo may be free in the eyes of the UAE judiciary, but their ongoing involvement with the company is less certain.
Yesterday, chairman Alan Broome issued a statement seeking to clarify "misinformation" about the pair's role with the company.
In part, Broome noted that the pair were (and are) non-executive directors, contracted to perform executive duties for 15 hours a week. They were not in the Middle East exclusively on Jupiter business, and Jupiter was not approached "officially or formally with advice regarding the allegations of the background to the matter".
We had the impression the pair played key management roles, Snaith as exploration director. It's now up to holders - including Ken Talbot's private company - to decide whether to convene an EGM about them.
Jupiter's key assets are its Brockman iron ore project near Mount Tom Price and the Woodgiemooltha sulphide nickel project near Kambalda.
We last rated Jupiter a "speculative buy" at 17c in early September last year and the stock obliged by rallying to a peak of 43c.
Jupiter has decent ground for a junior and $7 million cash in the bank. But justly or not, it has credibility woes. SELL.
Well B1 and B2 have been removed. Sacked. They will loose their director status at next general meeting as well. Let the good times begin to roll.
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