I never did trust Brian Gilbertson after trying to steal ConsMin shareholder shares. He collaborated with ConsMin management and tried to ripoff Consolidated Minerals shareholders (CSM). Brian Gilbertson only looks after himself, I did say this earlier on the JMS thread,and if anybody ever followed Rimtalay during the ConsMin takeover you'd know all about it.
It looks like Patrick Ryan ( ex Ryan's Notes) knows a thing or two about Gilbertson too.
To add another reason (for the splitting) would be that Jupiter needs to add some fizzle to what will become a very boring listing. I mean what's attractive to investing in a listed entity that1) owns a minority (49.9%) stake in an operational company2) is priced at the top of the cycle3) is run by a useless CEO?4) is laden with listing requirements and costs and (I'd guess) heavy director remuneration and share optionsSo throw in the pot the marketing rights to spice it up.Mr Gilbertson says "Mr Glencore if you want to take out Jupiter you also get the marketing rights (to half the production) so come on, come up cough up so I can exit and collect on my Private Equity performance targets".[/table]
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