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JMS - Jupiter Mines

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Jupiter Mines Limited is not a company to trade short term as pointed out by the company's MD. The Manganese price drifted down and only recently has shown a price increase and is one of the most cyclical metals around and even the boost in iron ore prices due to Chinese demand has not given it much of a lift. The plus factor is the company's dividend policy. So if you trust in Manganese and the Northern Cape of South Africa then look no further. The company thinks of its shareholders before itself, director wise and stands out in this respect, and is head and shoulders above the rest.
 
The IPO of Jupiter's Juno is going ahead again and should hit the marketplace in May, hopefully. JMS shares look good value IMHO with the Juno shares worth at least 2c a share and a final dividend due in June expected to be at least 2c as well. 40c looks on the cards in the short term if the Manganese price holds up as well as the price of iron ore to prosper the Juno flotation.
 
JMS traded Thursday between 32c and 33.5c and looking a little better recently. The Juno share allocation should be made in early May and the dividend paid in June. Manganese has remained at a quite low price despite iron ore prices having risen sharply. On the basis of the mine in the Northern Cape producing for 100 years hence the shares remain quite low. At 32.5c the year's dividend yield, after the coronavirus caused delays in 2020, should finalise the year at about 8% that's not at all bad.
 
JUPITER MINES LTD- DECLARES FINAL FY2021 DIVIDEND OF $0.02 PER SHARE - record date is 7 May 2021, and the dividend will be paid on 21 May 2021. This makes a dividend for the year of 3c and a yield of 9.2% at 32.5c a share.
JUPITER MINES LTD- FY2021 CONSOLIDATED Net PROFIT AFTER TAX $67.5 MILLION VERSUS $95.1 MILLION

Jupiter welcomes the announcement by Ntsimbintle Holdings (Pty) Ltd (“Ntsimbintle”) that it has increased its stake in Jupiter to 19.9%. This confirms the appeal and merits of Jupiter, its “lean-and-mean” operations, and its ASX-listing to all shareholders.

Preliminary Final Report: https://stocknessmonster.com/announcements/jms.asx-6A1029327/​
 
Jupiter Mines from the below link produce High-Grade Lumpy 36.5% Manganese - 5% iron and 5.5% silicon oxide, High-Grade Fines 34.5% manganese - 5% iron and 6% silicon oxide, and Low-Grade Lumpy 32.5% - 5% iron and 5.5% silicon oxide manganese. https://www.tshipi.co.za/what-we-do/our-products
https://en.wikipedia.org/wiki/Manganese
Silico Manganese is an alloy with 65% to 68% manganese, 16% to 21% silicon, and 1.5% to 2% carbon. It is produced by smelting of slag from high-carbon Ferro Manganese or of Manganese ore with coke and a quartz flux. Smelting temperatures are high and greater energy is needed to reduce the quartz to silicon.
Ferromanganese is a ferroalloy with high manganese content (high-carbon ferromanganese can contain as much as 80% Mn by weight).[1] It is made by heating a mixture of the oxides MnO2 and Fe2O3, with carbon (usually as coal and coke) in either a blast furnace or an electric arc furnace-type system, called a submerged arc furnace. The oxides undergo a carbothermal reduction in the furnaces, producing the ferromanganese. Ferromanganese is used as a deoxidizer for steel.
A North American standard specification is ASTM A99. The ten grades covered under this specification includes;
  • Standard ferromanganese
  • Medium-carbon ferromanganese
  • Low-carbon ferromanganese
Similar material is a pig iron with high content of manganese, is called spiegeleisen, or specular pig iron.[2]
https://en.wikipedia.org/wiki/Ferromanganese

It is difficult, for me anyway, to work out how much

Tshipi é Ntle Manganese Mining​

How much they get for each of their three products and whether they are suitable for silicon manganese or ferromanganese. Or indeed whether any upgrading of the manganese is needed or is possible.
 
I decided to sell my Jupiter shares at 33.5c on Tuesday before going xd. My Juno Minerals Limited shares allocation is now in my account. Probably would have been better to buy more Juno shares as feelings are running high and we'll know how it's going to work out when trading starts Monday next.
My feelings about JMS, personal to me only, are that if the manganese price remains at $3.06 or goes even lower then the Jupiter share price may well slip further. If it goes the other way then the price might stabilise. The mine is set for over 100 years of production and when it finally closes then everyone on planet earth will have passed on with only some giant tortoises still surviving.
 
Sakumzi Justice Macozoma (Saki) is a South African former political prisoner who is now one of South Africa's most prominent businessman and a leader in civil society.
He is chairman of Tshipi é Ntle Manganese Mining (Pty) Limited, Safika Holdings, and Ntsimbintle Newco Mining that has a 50.1% interest in Tshipi é Ntle Manganese Mining (Pty) Ltd.
Ntsimbintle Mining BEE have a 74% interest in Ntsimbintle Newco Mining. Ntsimbintle have a 50.1% interest in OM Holdings Limited ASX:OMH quoted on the Australian Stock Exchange. OMH owns a 26% interest in Ntsimbintle Newco Mining.
Jupiter Mining, a company quoted on the Australian ASX, own 49.9% of Tshipi é Ntle Manganese Mining (Pty) Ltd. Ntsimbintle Holdings (Pty) Ltd. holds a 19.9% interest in Jupiter.
Makozoma was deputy Chairman of Volkswagen SA. From 2007 to December 2013, Chairman of Liberty Holdings and deputy Chairman of the Standard Bank Group.
He resigned to concentrate on his Safika business interests.
Before joining Standard Bank he was chief executive of New Africa Investments Limited (Nail), a publicly listed investment company with a broad portfolio that included radio stations, outdoor media and the Hertz car rental company. https://en.wikipedia.org/wiki/Saki_Macozoma
 
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I looked a bit deeper on Saki as i have a trust issues with people who arrive to the top in business via political roles..SA, ex USSR, or China come to mind
I do not know much about SA but unless proven wrong, this gentleman seems quite respectable and competent, and not afraid to ask real questions
So that's not negative for OMH or JMS.
Am i missing something @noirua ?
 
The answer seems to lie in the tie-up of companies that have interests in each other. That also includes directors that also have ties to two or more companies. Saki is interested in maintaining or increasing dividends to BEE and increasing holdings in Jupiter Mines and probably Juno Resources. That is probably fair as he may well want to see BEE with 50.1% of all large profitable companies in South Africa - probably the interest could well be higher with complicated tie-ups and shareholdings: As with Tshipi é Ntl.

Saki has seen there are greater ways to help the poor by not only BEE dividends but donations from companies to schools principally and hospitals. Where is the danger? Only if the SA economy fails to grow and metals and commodities fall in price. Then individuals and companies will shun SA for pastures elsewhere.
 
Jupiter Mines shares have fallen from 42c to 21c in recent years and half of that due to a board of directors dispute led by AMCI and BEE. Now only one original board member remains and the company appears rudderless. However, matters may prove deceiving as AMCI and BEE are both strong setups and ruthless at moving projects forward. Now Brian Gilbertson and Priyank Thaplyal are gone it will be interesting to see who will replace them at Tshipi é Ntle.

IMHO the shares at 21c look as if they will move up with manganese prices rising once more. Therefore I've bought back my original holding and crossing my fingers.
 

AMCI Acquisition Corp. II (NasdaqCM:AMCI) added to NASDAQ Composite Index on​

September 24 2021

AMCI Acquisition Corp II - Our Team - Person Details

amciacquisitionii.com

AMCI Acquisition Corp II is a newly organized blank check company formed for the purpose of effecting a merger with a business focused on decarbonizing the heavy industrial complex and transitioning the global energy mix to a lower carbon footprint. Our sponsor is an affiliate of the AMCI group of companies. AMCI invests in and operates industrial businesses focused on natural resources, transportation, infrastructure, metals and energy. AMCI has now invested over $1.7 billion in 40 industrial companies and has an existing portfolio consisting of 21 companies located around the world.

Hans Jürgen Mende: Positions, Relations and Network - MarketScreener

Bourse : Cours de bourse en temps réel sur Actions, Indices, Forex, Matieres Premieres - Zonebourse.com
www.marketscreener.com
 
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Listing incentives, excessive backlogs and Jupiter Mines make headlines
Oct 22, 2021
Mining Weekly Editor Martin Creamer discusses the need for incentives for the listing of companies on the smaller end of the stock exchange; bringing in the private sector to clear excessive government backlogs; and Jupiter Mines's recent decisions relating to the board.
Https://youtu.be/u16wRurFQZQ
​
 

This is the basic setup though Ntsimbintle Holdings also has an interest in Jupiter Mines of 19.9%. Thus their holding, including indirect holdings, is 70%.
 
Jupiter Mines shares are quite steady but at ground floor level. Some with thoughts that a major confrontation in Ukraine may take place will see the need for other countries to build up their weaponry. More steel required points to an increasing need for manganese. Maybe the present low price is about to end.
 
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