Ann: Notice of General Meeting/Proxy Form, page-34

PT's remuneration as the supposed driver for Board renewal is a total red herring. imo.

Particularly given that he has primarily reinvested a large portion of his remuneration into more Jupiter shares thereby ensuring he is additionally aligned with all shareholders.

Offers have already been made to consolidate Tshipi and other mines in the Kalahari which were rejected. Mr Mende makes no mention of this in his expansionist claim.

The real issue here that requires transparency (which is currently lacking in the claim) is that the "assets" he is looking to vend into Jupiter have failed 3 times to be listed.

Thats where the potential value destruction lies, not a mill or 2 relating to PT's annual remuneration.

In the middle of a global commodities boom coupled with a world awash in liquidity the fact that these "other assets" have not been able to get up with a listing is telling.

It strongly suggests the very informed institutional and sophisticated investors running a ruler over the assets prior to a listing have determined that the assets are either sub par, lacking efficient logistics access, or overvalued, or a mixture of the three.

Therefore it's not currently clear why Jupiter should dilute its current shareholders to enable purchase of potentially inflated "assets" associated with a few shareholders.

If one shareholder wants to substantially change the function and direction of Jupiter from reliable and dependable dividend payer to a show pony growth outfit then do so.

But, make an appropriately priced takeover offer for the company first and the rest of us will get out of the way, instead of a takeover by stealth without an appropriate premium for control being paid.

GLTA.

P.S would have also preferred to see Jupiter use its substantial cash flow to fund Juno rather than spin it off. (One suspects a reason it didn't is that the Chinese backers of HAW and the Indian "backers" of LCY wouldn't share infrastructure costs with JMS despite it being clearly in their interest to do so.)