The market (and many here apparently), don't seem to understand that the parent company is still minting money at current manganese ore prices, and will very likely have around $150m in the bank by the end of the year. Provided there is not a complete crash in the commodity price, then the parent company Tsipi will likely pay a dividend to Jupiter of around $40m to $50m, and that means at least a 2 cent dividend paid to Jupiter shareholders early next year (or another earlier date if the Tsipi board pays a special dividend outside normal reporting dates).
In reference to Macquarie report, I agree that Jupiter being worth 35+ cents or more, but I think 5.9 cents in dividends for fy25 is a little ambitious, a 2.5 to 4 cents per share distribution is more likely. (again, only if commodity price doesn't tank further.
One thing to note, if the 35% grade manganese ore prices crash towards $2, then less mines will continue producing and investing... so this forces supply out of the market and this in turn starts to force the ore prices back up naturally. I can't see the ore price going much below $2.60-80 area for very long.
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Last
18.0¢ |
Change
-0.005(2.70%) |
Mkt cap ! $352.8M |
Open | High | Low | Value | Volume |
18.5¢ | 18.5¢ | 18.0¢ | $792.5K | 4.355M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 13551 | 18.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
18.5¢ | 284019 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 13551 | 0.180 |
20 | 1257843 | 0.175 |
20 | 828309 | 0.170 |
14 | 2070667 | 0.165 |
15 | 1212112 | 0.160 |
Price($) | Vol. | No. |
---|---|---|
0.185 | 224019 | 8 |
0.190 | 414076 | 15 |
0.195 | 119012 | 4 |
0.200 | 560299 | 6 |
0.205 | 624997 | 5 |
Last trade - 16.10pm 02/09/2024 (20 minute delay) ? |
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