JMS United...., page-14

I wrote to Melissa North (Company Secretary) this week to request any update on activities and received the following reply

At this point, the Board has no intention of relisting on any public exchange. The Board continues to monitor the iron ore market in terms of the possible development of the Mount Ida and Mount Mason projects, but as you mention, favourable prices and market conditions may take some time. As such they consider it prudent to reduce expenditure and development until a more positive point in time.

In the meantime, the Tshipi manganese mine in South Africa continues production, and the sale of Jupiter’s 49.9% share of ore also continues at a profit. The half year end has just ended (31 August) and we are aiming to have half year results published by mid-November which will provide a financial update.