ERMAF - Jupiter Mines: A Complicated Ownership Structure Creates Opportunities
Introduction
Jupiter Mines (OTC:JMXXF) is an Australian company that’s completely flying under the radar. Jupiter owns a minority stake in a South African manganese mine and although this mine is hugely profitable, investors don’t seem to understand Jupiter Mines as it’s not allowed to consolidate the financial performance of the underlying mine. This means the top line of the financial results shows a total revenue of just a few million dollars although its investment in the South African Mine is hugely profitable and Jupiter Mines is currently trading at less than 5 times