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* | Latest Market News | Argus Media
A potential conflict between Russia and Ukraine could have ripple effects in the US steel industry.
JMS - Jupiter Mines
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Had a cursory look at JMS. I don't know if a chart horoscope is of value but if I were holding or wanted to buy I would be mildly encouraged by the monthly chart as the Nov and Dec candles conform to a tweezer bottom pattern. It would be better if the Dec month had more volume. The reversal took place as a double bottom with Mar 2020 where the price also reversed off 18c.
'Fundamentally' it seems cheap albeit EPS and ROE have been declining. But as @noirua comments, hopes might be pinned on recovery in the Manganese price.
Working uncritically off CommSec figures (which combine fy21 and expected fy22 results):
P/E = 6.5
Div Yield = 13% zero franking
B.V (fy21) = 1
ROE (fy21) = 13%
No long term debt and current assets well ahead of total liabilities.
But the number of shares is 2014 million. From my perspective if that were consolidated down to 100m shares the 0.22 s.p would become $4.43.
The sovereign risk would be critical for me and S.A is emphatically off my list for consideration. The communist race based government will steal or despoil the asset one way or another like they destroyed S32's businesses there. I knew a white man whom I greatly respected and he along with his family was chased off his farm in S.A without compensation and he said, "South Africa is finished".
Description of JMS on CommSec:
Jupiter Mines Limited (JMS) is an Australian registered public company listed on the Australian Securities Exchange which has as its main asset a 49.9% beneficial interest in Tshipi e Ntle, an independently operated and managed, black empowered manganese mining company, currently operating the Tshipi Borwa Manganese Mine (Tshipi or Tshipi Mine). Jupiter also has two iron ore projects in the Yilgarn region of Western Australia.
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'Fundamentally' it seems cheap albeit EPS and ROE have been declining. But as @noirua comments, hopes might be pinned on recovery in the Manganese price.
Working uncritically off CommSec figures (which combine fy21 and expected fy22 results):
P/E = 6.5
Div Yield = 13% zero franking
B.V (fy21) = 1
ROE (fy21) = 13%
No long term debt and current assets well ahead of total liabilities.
But the number of shares is 2014 million. From my perspective if that were consolidated down to 100m shares the 0.22 s.p would become $4.43.
The sovereign risk would be critical for me and S.A is emphatically off my list for consideration. The communist race based government will steal or despoil the asset one way or another like they destroyed S32's businesses there. I knew a white man whom I greatly respected and he along with his family was chased off his farm in S.A without compensation and he said, "South Africa is finished".
Description of JMS on CommSec:
Jupiter Mines Limited (JMS) is an Australian registered public company listed on the Australian Securities Exchange which has as its main asset a 49.9% beneficial interest in Tshipi e Ntle, an independently operated and managed, black empowered manganese mining company, currently operating the Tshipi Borwa Manganese Mine (Tshipi or Tshipi Mine). Jupiter also has two iron ore projects in the Yilgarn region of Western Australia.
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Global pivot towards cleaner, greener steel thrusts magnetite iron ore into spotlight
Major iron ore producers are shifting focus from traditional hematite to magnetite…
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The Jupiter price has risen Tuesday on the back of the rise in the Manganese price - about time. The shares stand at 25.5c up from its 20c low point.
Manganeses price jumps 11% taking Jupiter's shares up 9% to 25.5c.
Https://www.jupitermines.com/tshipi-manganese/tshipi/manganese-price-information
Over the last 7 years the high is US$8.00 per dmtu and low point at $1.40 - such is the volatility of managanese. This factor alone holds the share price back as markets expect a dive no matter how high the price goes.
Manganeses price jumps 11% taking Jupiter's shares up 9% to 25.5c.
Https://www.jupitermines.com/tshipi-manganese/tshipi/manganese-price-information
Over the last 7 years the high is US$8.00 per dmtu and low point at $1.40 - such is the volatility of managanese. This factor alone holds the share price back as markets expect a dive no matter how high the price goes.
Liking the look of Jupiter Mines JMS @0.275c +5.77% as noticed uptick in volume/momentum (bullish signal).
JMS operates a high quality Manganese mine in South Africa (of which has a 49.9% partnership/stake).
JMS has $75M in cash & trading on a lowish PE ratio of only 7.73 (dividend yield of around 9%-10%). Top 20 hold about 82% of all shares!
*Upcoming report due 21/04/2022 & anticipated dividend declaration
Jupiter Mines Ltd (ASX:JMS) Share Price - Market Index
Today’s JMS share price, stock chart and announcements. View dividend history, insider trades and ASX analyst consensus.
www.marketindex.com.au
DYOR as always.. Cheers tela
Strong day today given vwap of 0.272c on big volume
Bullish chart indicators
JMS Share Technical Analysis | Jupiter Mines Ltd
Current Technical Analysis and interactive chart for $JMS stock / shares. See the current trading strategy, trend(s), rating and buy and sell signals.
Given the EV (electric vehicle) demand growth forecast, CPM is expecting a compound annual growth rate of about 43% for high-purity manganese products in the next five years.
Speaking specifically about the battery sector in coming years, CPM’s Zemek sees a huge deficit of high-purity manganese for the battery industry.
“When we look at the project pipeline, it's very thin. There are very few projects which are close to production; there are a few more which are early stage exploration,” he said.
“The deficit is going to be so big that to fill it by 2030 the global production of high-purity manganese products, which is mostly the sulfate, will need to grow more than 10 times to meet that demand.”
These strong fundamentals will likely push high-purity manganese prices further up.
*Andrew Zemek
Special Adviser - Battery Metals and Hydrogen at CPM Group
Speaking specifically about the battery sector in coming years, CPM’s Zemek sees a huge deficit of high-purity manganese for the battery industry.
“When we look at the project pipeline, it's very thin. There are very few projects which are close to production; there are a few more which are early stage exploration,” he said.
“The deficit is going to be so big that to fill it by 2030 the global production of high-purity manganese products, which is mostly the sulfate, will need to grow more than 10 times to meet that demand.”
These strong fundamentals will likely push high-purity manganese prices further up.
*Andrew Zemek
Special Adviser - Battery Metals and Hydrogen at CPM Group
Jupiter Mines JMS owns half of the Tshipi manganese mine in South Africa, which produced almost 3.5 million tonnes of manganese ore in 2020-21.
JMS last year released a concept study on ramping up production to 4.5Mt a year by 2023.
High-purity manganese has become increasingly important in the production of batteries used in EV's, & as backup storage for power harvested from renewable sources such as solar & wind.
According to Bloomberg, manganese demand in lithium ion batteries will climb an astonishing 9.3 times between today & 2030.
Manganese has the biggest growth profile for any of the currently recognised battery metals.
The market for manganese sulphate, the kind of high purity product used in battery precursors, is already projected to be in a deficit as EV makers like Tesla bump out expensive & questionable cobalt supplies with higher manganese chemistries.
This end market is set to get bigger as EV makers look to replace potential conflict metals like cobalt from the supply chain & reduce costs to make vehicles more accessible for consumers.
Tesla & Volkswagen, one of the world’s largest automakers, have flagged shifts to higher manganese chemistries.
“As Volkswagen announced a few months ago, they were looking at the base model for their gross market segment as a manganese rich battery, which will have more manganese & nickel in comparison to the manganese nickel cobalt standard battery today.
“So on the base level interest is being driven by EV manganese, manganese sulphate, batteries, people are forecasting significant exponential growth over the next 10 years.”
JMS last year released a concept study on ramping up production to 4.5Mt a year by 2023.
High-purity manganese has become increasingly important in the production of batteries used in EV's, & as backup storage for power harvested from renewable sources such as solar & wind.
According to Bloomberg, manganese demand in lithium ion batteries will climb an astonishing 9.3 times between today & 2030.
Manganese has the biggest growth profile for any of the currently recognised battery metals.
The market for manganese sulphate, the kind of high purity product used in battery precursors, is already projected to be in a deficit as EV makers like Tesla bump out expensive & questionable cobalt supplies with higher manganese chemistries.
This end market is set to get bigger as EV makers look to replace potential conflict metals like cobalt from the supply chain & reduce costs to make vehicles more accessible for consumers.
Tesla & Volkswagen, one of the world’s largest automakers, have flagged shifts to higher manganese chemistries.
“As Volkswagen announced a few months ago, they were looking at the base model for their gross market segment as a manganese rich battery, which will have more manganese & nickel in comparison to the manganese nickel cobalt standard battery today.
“So on the base level interest is being driven by EV manganese, manganese sulphate, batteries, people are forecasting significant exponential growth over the next 10 years.”
Global sales of electric vehicles doubled in 2021 Global light electric vehicle (EV) sales surged in 2021, rising steadily in each quarter, with an estimated 2 million EVs sold in the December quarter 2021. Total EV sales for the year increased from 3.2 million in 2020 to an estimated 6.5 million vehicles in 2021.
Global EV sales are expected rise by a further 3 million units in 2022, pushing up total sales to over 9 million EVs. Global market share for EVs has tripled over the past two years, with EV sales now representing close to 9% of the global car market.
Strong underlying demand and EV manufacturers’ declarations of further increases in production imply that EV sales could reach around 40% of vehicle sales annually by 2030.
Global EV sales are expected rise by a further 3 million units in 2022, pushing up total sales to over 9 million EVs. Global market share for EVs has tripled over the past two years, with EV sales now representing close to 9% of the global car market.
Strong underlying demand and EV manufacturers’ declarations of further increases in production imply that EV sales could reach around 40% of vehicle sales annually by 2030.
I expect JMS share price to hold up around these level's 0.24c-0.25c acting as strong support (since it coincides with it's 50dma & 200dma respectively).
I added/bought more cheap shares this morning @ 0.25c (only 7-10 day's out before anticipated dividend is announced/declared).
Cheers tela
I added/bought more cheap shares this morning @ 0.25c (only 7-10 day's out before anticipated dividend is announced/declared).
Cheers tela
I expect JMS share price to hold up around these level's 0.24c-0.25c acting as strong support (since it coincides with it's 50dma & 200dma respectively).
I added/bought more cheap shares this morning @ 0.25c (only 7-10 day's out before anticipated dividend is announced/declared).
Cheers tela
JMS Share Technical Analysis | Jupiter Mines Ltd
Current Technical Analysis and interactive chart for $JMS stock / shares. See the current trading strategy, trend(s), rating and buy and sell signals.
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JMS sp holding up just above it's 50dma & 200dma support respectively.
*reporting date next Wed 21/04/2022 according to below
Jupiter Mines Ltd (ASX:JMS) Share Price - Market Index
Today’s JMS share price, stock chart and announcements. View dividend history, insider trades and ASX analyst consensus.
www.marketindex.com.au
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Simply Wall Street on Jupiter Mines:
simplywall.st
Jupiter Mines (ASX:JMS) - Stock Price, News & Analysis - Simply Wall St
Research Jupiter Mines' (ASX:JMS) stock price, latest news & stock analysis. Find everything from its Valuation, Future Growth, Past Performance and more.
simplywall.st
"JMS trading at 43.3% below our estimate of its fair value" .. says it all imoSimply Wall Street on Jupiter Mines:
Jupiter Mines (ASX:JMS) - Stock Price, News & Analysis - Simply Wall St
Research Jupiter Mines' (ASX:JMS) stock price, latest news & stock analysis. Find everything from its Valuation, Future Growth, Past Performance and more.
JMS @ 0.25c +2.04%
It was able to find support at it's 50 day moving average. It also bounced off of it's 200 day moving average, an important long-term support line.
*preliminary final report scheduled by 29/04/2022
JMS Share Technical Analysis | Jupiter Mines Ltd
Current Technical Analysis and interactive chart for $JMS stock / shares. See the current trading strategy, trend(s), rating and buy and sell signals.
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Iron ore bounces back to life
As expected, iron ore prices have been restless to start 2022, which has been reflective of China’s wavering COVID-19 situation.
www.australianresourcesandinvestment.com.au
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I'm not sure where Jupiter goes from here with the share price down from around 42c to 19c - down 52%.
The manganese price is attempting a rally but iron ore prices are off the boil. Jupiter's prices for manganese tend to vary as each individual company attempts with a few others to control the price. The price of the shares like manganese is very low but that does not mean they will not go lower.
The manganese price is attempting a rally but iron ore prices are off the boil. Jupiter's prices for manganese tend to vary as each individual company attempts with a few others to control the price. The price of the shares like manganese is very low but that does not mean they will not go lower.
