JMS 0.00% 16.5¢ jupiter mines limited.

RezThe company's declared purpose, as stated in the...

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  1. 401 Posts.
    Rez
    The company's declared purpose, as stated in the announcement, "stems in part from the Board’s belief that Jupiter’s current share price does not appropriately reflect the Company’s underlying asset value." Thus I would expect that Jupiter will use the buy-back in a strategic fashion to push up the SP to the level where it thinks it should be, so that by the time they are ready for production in South Africa, with cash flow being generated from that, the SP will sustain itself to reflect income/profits and future earnings potential.
 
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