Why pallinghurst?why this path ?Nobody else courted nemaska?nobody else wants to make easy money ?
a loan would be far better for the current shareholders in my opinion than this heist at 25 cents.
a deal made as if out of desperation it seems.too early rushed..things are starting to fall in place for the better .
Loans have attractive rates and would be better than the issuing of shares we are proposed.
The money collected by issuing of shares of course has the advantage that you never have to pay back ,very safe.i know.it is easy money.we know by experience.let the idiots fork out the money and scrw them.
i find it strange that no other candidates with better offers showed up .did management try hard enough?
we feel these days that the share price would have gone up if was not pegged at 25 cents it is a give away.they buy our 1$ investment for 25 cents .this money didnt disappear.it was invested in the company .there are no words to describe it.our investment,money is taken over .
pallinghurst portefolio from their website
- Pallinghurst has invested in the Canadian graphite company, Nouveau Monde Graphite, a company set to play a central role in the supply of battery materials in North America. We have also secured a unique opportunity to invest in Nemaska Lithium, one of the world’s most attractive battery grade lithium assets.
for 25 cents a share -
Jupiter’s flagship asset, Tshipi, is the largest exporter of manganese ore from South Africa and a top-3 producer globally.
In 2007, The Pallinghurst Group sourced a proprietary greenfields opportunity to acquire 49.9% of a manganese deposit that was located adjacent to a major producer in South Africa. Manganese is a key component of steelmaking and South Africa hosts approximately 80% of the world’s known economically mineable resources.
Subsequently, Pallinghurst introduced one of the world’s largest steelmakers to the investment who provided incremental end-user expertise to the project. Pallinghurst took Tshipi through the development stages from pre-feasibility through to completion, ramp-up and to steady state production. Tshipi is now one of the world’s largest, lowest cost and most valuable manganese mines, with over 100 years of resources. The mine is highly cash generative and has repaid approximately twice the capital cost of the mine to shareholders, via share buy-backs and dividends, within just 5–6 years of being in production. Pallinghurst relisted Jupiter on the Australian Stock Exchange in 2018 at a market capitalisation of US$600 million.
Between 2007 and 2010, Pallinghurst completed seven transactions which provided exposure to four separate, but adjacent Platinum Group Metals (“PGM”) deposits.
In 2012 Pallinghurst merged all four deposits and created Sedibelo, which with its 100-million-ounce reserve base has one of the world’s largest undeveloped PGM deposits. It has the best safety record in the industry and benefits from being open-pit and shallow mining, as compared to most of the industry being deep underground. At the time of the consolidation, Sedibelo placed a 16.2% stake with the South African Industrial Development Corporation for US$415 million (ZAR3.24 billion).
The PGM industry went through a difficult period in recent years, however during 2018 the industry began to see signs of a potential recovery. All major PGM producers have seen a dramatic increase in value in 2019 and prices for PGMs (particularly palladium) have also increased significantly; with a positive industry outlook, Pallinghurst believes Sedibelo is ideally positioned to take advantage of the improving market conditions.
same will happen with lithium
Nothing against pallinghurst .they know how to make a buck from struggling companies .