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JMS - Jupiter Mines

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Share Share Competitionclosestonight:https://www.aussiestockforums.com/t...tipping-competition-entry-thread.34312/page-2


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The manganese price sits at $6 dmtu quite a bit down from the $7.50 high and there will be less low grade manganese sent to market from the stockpile in the current half year. This could result in lower profit.

In the first half the dividend was 5c a share and on its own a dividend of 16% at 31c a share. The second half may see a dividend of 3c a share giving an annual yield of 25.8%.

Manganese is the main pony with the Fe pony mothballed.
 
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A collapse to 24c a share against the float price of 40c is all about being a one trick pony in manganese in South Africa. The price has fallen from US$7.50 to US$5.50 per dmtu as of 17 December 2018. This is likely to reduce profits up to 40% at US$5.50 over a full year. The yield is still expected to be high and selling should prove to be overdone.
 
Interesting now to see what happens to the manganese price. Use in steel can be expected to tail off but battery use may continue to increase. Noting JMS has medium grade manganese rather than high grade needed for batteries.
From the words of the company's CEO they are interested in expanding interests in South Africa in the manganese sector.
 
Jupiter's shares have risen from 23c 6 weeks ago to 31.5c, up 36%. Investors muse on the improving iron ore price to President Donald Trump's Southern Border Wall. The price of manganese looks to be bouncing of lows and all of a sudden investors return.
 
Up to 35c from 23c in double quick time. Even at 35c the yield is 21%. All this based on manganese in South Africa. High and lower grade iron ore in WA at Mount Mason and Mount Ida are sleeping assets.
 


Jupiter Mines heads for the United States and on a 33c share price yields 22.7%. This is without the iron ore assets at Mount Ida and Mount Mason, WA.

For those who bought the shares at 4.5c in 2013 the yield is 166% or on leaving the ASX in January 2014 at 8.1c a yield of only 92%.
 
Following on from the last post. The South African Manganese assets are well known. Forgotten are the Iron Ore assets of Mount Ida and Mount Mason that the company is looking to advance. Backed by an enormous yield and the American AMCI and directors taking a 28% stake.
 
noirua said:
Jupiter are readying themselves to accept offers for their Mount Mason and Mount Ida sales. Iron ore is future earmarked for the Esperance Port. Difficult to put a value on the assets as iron ore prices are moving wildly. Mount Mason was mothballed in 2014 and Mount Ida in 2011.
25 March 2019: Https://www.miningweekly.com/article/jupiter-starts-sales-process-for-wa-projects-2019-03-25
Click to expand...
Noirua
It looks like you have been the sole poster on JMS so congrats.
One query on Esperance port - has it been cleared for exporting iron ore? There is always objection from this port in the past. Of course, last complaint was an ore body with lead.
With Mt Ida and Mt Mason sales, could there be any cash returned to investors?
Your thoughts, please.
Thanks
 
Miner said:
Noirua
It looks like you have been the sole poster on JMS so congrats.
One query on Esperance port - has it been cleared for exporting iron ore? There is always objection from this port in the past. Of course, last complaint was an ore body with lead.
With Mt Ida and Mt Mason sales, could there be any cash returned to investors?
Your thoughts, please.
Thanks
Click to expand...

Proposed Multi User Iron Ore Facility
http://www.esperanceport.com.au/muiof.asp

It is unlikely that Jupiter would be interested in running a mining operation themselves. Since 2011 they have become more of an investment mining company and a sale with royalties and shares may well be the plan.
 
Jupiter shares still yield 21% at 35.5c a share. Much depends on the Manganese price and the sale of iron ore assets in WA.
 
CEO purchased over $6 millions worth of shares and Pallinghurst is selling their shares to Americas AMCI who will eventually hold 28% together with two of their directors. Jupiter are now trying to sell their iron ore interests at Mount Ida and Mount Mason. These factors are making the company increasingly attractive.
 
Jupiter shares have recovered from 23c in December 2018 to close yesterday at 37c. Awaiting sale progress news of iron ore tenements at Mount Mason and Mount Ida, WA.
 
EJ4rL_CXkAUjhNL.jpg
 
I've bought back into JMS between 21.5c and 26c having sold between 38.5c and 40.5c last year. Manganese makes Tshipi, which JMS has a 49.9% interest in, firmly a one track pony and no getting away from it. Presently in Lockdown in the northern Cape that is pushing up the price of manganese. Anyone's guess when production restarts as to where the price goes in these all over the shop markets.

The Tshipi Borwa mine has a life of up to 100 years so maybe that long time factor is just that, not properly factored into the share price. The shares are very cheap however, that does not mean they will suddenly go racing upwards.
 

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