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JMS - Jupiter Mines

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Jupiter Mines up 2c to 24c today on the back of the increasing price of Manganese. My own view is that manganese will continue its up move as China recovers its poise. On a yield close to 10% and a mine in the Northern Cape set to continue medium and low grade production for over 100 years the share does not appear expensive for those positive about manganese.

 

Jupiter Mines Limited. (ASX:JMS)

Jupiter Mines Limited. (ASX:JMS) upcoming dividends and dividend history at IntelligentInvestor.com.au
www.intelligentinvestor.com.au

At 23c the dividend yield is a very good 8.7% - lovely Jubbly.

Some may say this is an Aussie based company with Aussie directors BUT it is really a Northern Cape, South African company as far as all of its assets are concerned. Holding 49.9% of Tshipi é Ntle a manganese mine producer that so far does not explore and just pays at least 70% of their dividends from Tshipi to its shareholders.
 
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At US$2.99 per dmtu 37% manganese is at its lowest level since January 2020. The South African currency remains weak so in Aussie dollars it take some working out as to what a US$2.99 price means for Jupiter Mines profits.

south african currency - Google Search

www.google.com

One year ago a rand was worth AU$0.086 and today is worth AU$0.81 a decline of 5.8%.
One year ago an Aussie dollar was worth US$0.68 and today is worth the same.
One dmtu manganese is today worth US$2.99 AU$4.40 SAR54.30
One year ago one dmtu was worth --- US$3.50 AU$5.15 SAR59.90

As we announced in March 2023, your Board has resolved to change its financial year-end date from 28 February to 30 June under Section 323D of the Corporations Act 2001 (Cth), which will align the Company's reporting timetable with the standard Australian reporting cycle. - 30 May 2023
 
Why risk investing in S.A where the corrupt black empowerment politicians are ensuring that electricity production is scarce and undercapitalised so that they and their inserted cronies can skim higher profits. The entire infrastrucure is being degraded and business is shutting down as cash needed for sustaining capital is siphoned off by the communist pigs. They basically forced South 32 to divest their coal mines for nothing due to power costs and pay the government off. You can't do better than this for an investment?
 
Starting to rise off the floor at 19.5c helped by the 13% yield and a manganese mine in the Northern Cape of South Africa with a 121 year mine life. The manganese price is moving up at last with Battery Grade manganese production the present aim. Thought by some, one anyway, that this is the cheapest miner in the Aussie mining sector and beyond. An interim dividend is due to be paid this week of 1c per share.
 
JMS should have been considered after news of the cyclone damage at S32's manganese loading wharf. Nice price pop.
 
peter2 said:
JMS should have been considered after news of the cyclone damage at S32's manganese loading wharf. Nice price pop.
Click to expand...
I was thinking going S32 to JMS yesterday, went out of S32 but put that money into wow instead.
I have no trust in Africa, especially for a 10k packet
 
Jupiter continues to move on as followers know the yield will rise providing the manganese price continues to recover. As to the share price, it will look cheap, against the low point of 17.5c, if world inflation and interest rates continue to fall for the rest of this year.
 
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