RE:RE:RE:Jupiter, an existing Pallinghurst InvestmentSeriously Mick, you make it sound like Pallinghurst turned all their Juniper shareholder and investors into millionaires.
20% Dividends!
25% EBITDA!
$600 million market caps!
Share buybacks!
But the truth is, Juniper's stock price today is $0.35, and it IPO'd several years ago $0.40!
I'm sure their pre-IPO investors became rich, but once again, the post IPO retail investors have lost. You see Mick, it does't matter how many shares Juniper buys back, if the stock price doesn't rally on that news, then it's useless for the shareholder. EBITDA doesn't do anything for the retail investor, share price appreciation does. But then again, they do have their 6% dividends working for them. But if my expected return is only 6%, I would be much better off investing in mortgages or real estate, rather than a risky mining play.
Wow, I just had an Epiphany! I finaly get it! You love the 'story'. You love the story of a white knight on a white horse. :) A few years ago it was a guy named Guy that rode into town with great hope and prosperity. Today, the Great Savior is Pallinghurst with all their miracles and great hopes of 'long term' riches.
Best of luck to you Mick! Great story! Almost Biblical. :-)
mick1888 wrote: Lol....CanadaCoin Yes, I am excited about a partner that returns money to their shareholders, in particular when the steel industry is in the doldrums as it has been for the last few years. It's not all about the share price.... ;-) And by the way, they returned 25% of EBITDA in the period between listing and now....;-) Now if you were long, you would be as pleased with these potential partners ad I am. Have a great day and congratulations on your new Government.... ;-) GLTA longs
CanadaCoin wrote: "this is what you want from a partner. They aquired 49.9% stake in this project in 2007 and look what they have delivered" What?? A $600 milion company in 12 years??
20% Dividend?? Sure, when the stock price crashed late 2018. But today it's 6%.
Mick, are you truly excited with Juniper's 2 yr performance since relisting?? The Chart speaks volumes. I don't know why you are sooooo attracted to these poor performers. :-)
mick1888 wrote: this is what you want from a partner. They aquired 49.9% stake in this project in 2007 and look what they have delivered;
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.
A further US$100 million in dividends has been paid since the IPO and the current yield of over 20% per annum is one of the best mining stock yields worldwide.
For the year ended 28 February 2019, Tshipi achieved exports of over 3.5 million tonnes, its best ever annual sales volume and the company reported EBITDA of ZAR5.8 billion.
VERY SIMILAR IN A LOT OF WAYS TO THEIR INTEREST IN NMX.... ;-)
GLTA longs