great potential at jupiter both growth and income, page-86

I've been reading and watching this stock carefully. Did buy in at 38cents early, got out at 38cents too as it just didn't go up like I expected.

Cant believe it is this cheap at the moment but the one guy that I see being really objective here as to why is rocket973. My gut tells me a lot of what he says, one pony trick resource play, no expansion or growth. So when this stock hit the market last year it was fully valued, and on good numbers, so the market was weary as prices and mining costs would influence profitability. Many stocks are valued at their future potential but here there's bugger all in the pipeline (a share buyback isn't really a big deal turn on but more akin to a redistribution of profit from dividend to share price rise).

From my research dividends here are not franked so this stock isn't one that's affected by being worried about Shorten's imputation changes.

Last year ex-dividend date was 21 September, on the week prior to dividend the price rose to 38cents, after dividend fell to 32cents. I dare say that ex-dividend day would be some day in March and some accumulation will occur. The day after dividend it might drop heavily again as this stock might be targeted just for dividend and not long term growth.

The way I see it, there's no upside but lots of potential downside. The only upside is share buyback and perhaps the market revaluing it for a higher PE ratio but the market seems reluctant on the latter. I haven't bought back but watch, I think the market is wanting some affirmation as to growth strategies. I bet if they announced a buyout of another small cap miner of a different resource for cash to go into production things would change quickly. I think also that manganese might be copping some of the poor sentiment the battery minerals have recently too .... I mean you ask the average Joe on the street about investing in South African manganese mine they'd think, "NAH MATE"!