Jupiter seeks to calm investors

With Jupiter Mines set to release its first-quarter 2018 results this week, the company sought to reassure investors following the sharp fall in manganese ore prices which will affect its principle asset, Tshipi. The company said Tshipi is on track to produce produce 3.3-million mt of Mn ore this fiscal year, and more importantly Jupiter reaffirmed that its operating cost (f.o.b. Mine) is around $2.20 per Mn, well above current prices despite the fall.

Leave a Reply

1 Comment threads
0 Thread replies
Most reacted comment
Hottest comment thread
1 Comment authors
Zef Recent comment authors

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Notify of

I pity the investors who have been sold the dividend yield on Jupiter. When listing at a full price and with falling manganese prices there is only one way down – both on the shareprice and in the yield – don’t forget less than 2 years ago the shareholders of Tshipi were getting ready to mothball the mine (then prices turned). All new investors are long at 40c, those before the delisting have received nice historic dividends (reducing their entry price) they would all show nice profits at 35cps. Expect more selling and more downside pressure. If you’d like a… Read more »