Recent Insider Transactions • May 21
MD, CEO & Director recently sold €166k worth of stock On the 12th of May, Brad Rogers sold around 1m shares on-market at roughly €0.17 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Brad's only on-market trade for the last 12 months. Reported Earnings • Aug 31
Full year 2025 earnings released: EPS: AU$0.02 (vs AU$0.02 in FY 2024) Full year 2025 results: EPS: AU$0.02 (in line with FY 2024). Net income: AU$40.1m (up 3.1% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Tillkännagivande • Feb 28
Jupiter Declares Interim Dividend for the Period Ended December 31, 2024, Payable on March 21, 2025 Jupiter Mines Limited announced an interim dividend of AUD 0.0075 per share (0.75 cents per share, unfranked) for the period ended 31 December 2024. The dividend record date is 7 March 2025, with payment to occur on 21 March 2025. Tillkännagivande • Feb 20
Jupiter Mines Limited Announces Appointment of Hyunchul (Charlie) Chun as Alternate Director Jupiter Mines Limited announced that Mr. Hyunchul (Charlie) Chun has been appointed as alternate director of the Company. Mr. Chun was nominated by Non-Executive Director Ben Kim as his alternate director. Mr. Chun is the Director of Raw Materials Investment with POSCO Australia Pty Ltd, responsible for overseeing several key raw materials projects in Australia. Since joining POSCO in 2005, Mr. Chun has held various roles across the raw materials, steelmaking purchasing and investment divisions. Tillkännagivande • Oct 25
Jupiter Mines Limited Announces Peter North Is Not Standing for Re-Election as Non-Executive Director Jupiter Mines Limited advised that Non-Executive Director, Peter North, has decided not to stand for re-election as a Director of the Company at the upcoming Annual General Meeting (AGM), to be held on 28 November 2024. Peter was last re-elected for a three-year term at the Company's 2021 AGM, and was due to retire at the conclusion of this AGM. Peter has acted as the shareholder representative of Ntsimbintle Holding (Pty) Ltd. (Ntsimbintle), a substantial shareholder of the Company. Ntsimbintle will nominate a replacement to the Board in due course. Recent Insider Transactions • Oct 08
Non-Executive Director recently bought €55k worth of stock On the 7th of October, Peter North bought around 520k shares on-market at roughly €0.11 per share. This transaction amounted to 75% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €86k more in shares than they have sold in the last 12 months. New Risk • Oct 03
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 482% Last year net profit margin: 742% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 16% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (10% average weekly change). Profit margins are more than 30% lower than last year (482% net profit margin). Reported Earnings • Oct 03
Full year 2024 earnings released: EPS: AU$0.02 (vs AU$0.032 in FY 2023) Full year 2024 results: EPS: AU$0.02 (down from AU$0.032 in FY 2023). Net income: AU$38.9m (down 39% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 10% per year, which means it is performing significantly worse than earnings. Tillkännagivande • Sep 13
Jupiter Mines Limited Announces Board Changes Jupiter Mines Limited announced the appointment of Sally Langer to its Board as an Independent Non-Executive Director, effective from today. Ms Langer's appointment follows the retirement of Patrick Murphy, who has decided to step down from the Board, after serving three years as a Non-Executive Director. Ms Langer is a highly respected corporate executive and non-executive director, with more than 25 years’ experience in professional services across multiple industries, including substantial experience in the resources sector. Ms Langer currently serves as a Non-Executive Director on the Board of Sandfire Resources, Northern Star Resources, The Gold Corporation and Federation Mining. She is the Deputy Chair of Ronald McDonald House and a member of the Board of Governors of Hale school. A Graduate Member of the Australian Institute of Company Directors and a Fellow of the Institute of Chartered Accountants, Ms Langer also holds a Bachelor of Commerce from the University of Western Australia. Mr. Murphy joined the Jupiter Board as a Non-Executive Director in November 2021, representing the interests of former substantial shareholder AMCI Group. Mr. Murphy's retirement is effective from today. Reported Earnings • Aug 30
Full year 2024 earnings released: EPS: AU$0.02 (vs AU$0.024 in FY 2023) Full year 2024 results: EPS: AU$0.02 (down from AU$0.024 in FY 2023). Net income: AU$38.9m (down 17% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 7% per year. Buy Or Sell Opportunity • Jun 13
Now 24% undervalued Over the last 90 days, the stock has risen 73% to €0.17. The fair value is estimated to be €0.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 3.6%. Buy Or Sell Opportunity • May 03
Now 23% undervalued Over the last 90 days, the stock has risen 73% to €0.17. The fair value is estimated to be €0.21, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 3.6%. Buy Or Sell Opportunity • Apr 12
Now 24% undervalued Over the last 90 days, the stock has risen 53% to €0.15. The fair value is estimated to be €0.19, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 3.6%. New Risk • Mar 12
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Dividend per share is over 8x cash flows per share. Dividend yield: 11% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 23% per year over the past 5 years. Minor Risk Dividend is not well covered by cash flows (dividend per share is over 8x cash flows per share). Buy Or Sell Opportunity • Mar 11
Now 27% overvalued after recent price rise Over the last 90 days, the stock has risen 8.3% to €0.098. The fair value is estimated to be €0.077, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 3.6%. Reported Earnings • Apr 30
Full year 2023 earnings released: EPS: AU$0.039 (vs AU$0.021 in FY 2022) Full year 2023 results: EPS: AU$0.039 (up from AU$0.021 in FY 2022). Net income: AU$76.5m (up 85% from FY 2022). Revenue is expected to fall by 150% p.a. on average during the next 2 years compared to a 1.3% decline forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 3% per year. Buying Opportunity • Apr 17
Now 21% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be €0.17, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 15% over the last 3 years. Earnings per share has declined by 24%. Buying Opportunity • Mar 31
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 8.3%. The fair value is estimated to be €0.15, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 15% over the last 3 years. Earnings per share has declined by 24%. Buying Opportunity • Dec 10
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 7.4%. The fair value is estimated to be €0.14, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 15% over the last 3 years. Earnings per share has declined by 24%. Board Change • Nov 17
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. 1 independent director (4 non-independent directors). Independent Non-Executive Director Scott Winter is the most experienced director on the board, commencing their role in 2021. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 27
First half 2023 earnings released: EPS: AU$0.017 (vs AU$0.014 in 1H 2022) First half 2023 results: EPS: AU$0.017 (up from AU$0.014 in 1H 2022). Net income: AU$34.0m (up 23% from 1H 2022). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Reported Earnings • Jun 02
Full year 2022 earnings released: EPS: AU$0.028 (vs AU$0.035 in FY 2021) Full year 2022 results: EPS: AU$0.028 (down from AU$0.035 in FY 2021). Net income: AU$54.0m (down 20% from FY 2021). Production and reserves: Manganese Production: 1.836 Mt (1.673 Mt in FY 2021) Proved and probable reserves (ore): 80.98 Mt (84.52 Mt in FY 2021) Number of mines: 1 (1 in FY 2021) Reported Earnings • May 01
Full year 2022 earnings released Full year 2022 results: Net income: AU$54.0m (down 20% from FY 2021). Board Change • Apr 27
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Alternate Director Brian Beem is the most experienced director on the board, commencing their role in 2019. Independent Non-Executive Director & Acting CEO Scott Winter was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Executive Departure • Dec 02
Non-Executive Director Hans-Jurgen Mende has left the company On the 30th of November, Hans-Jurgen Mende's tenure as Non-Executive Director ended after 2.1 years in the role. We don't have any record of a personal shareholding under Hans-Jurgen's name. A total of 3 executives have left over the last 12 months. Reported Earnings • Oct 20
First half 2022 earnings released: EPS AU$0.014 (vs AU$0.015 in 1H 2021) First half 2022 results: Net income: AU$27.6m (down 7.5% from 1H 2021). Recent Insider Transactions • Sep 29
MD, CEO & Executive Director recently bought €240k worth of stock On the 27th of September, Priyank Thapliyal bought around 2m shares on-market at roughly €0.14 per share. In the last 3 months, they made an even bigger purchase worth €877k. Priyank has been a buyer over the last 12 months, purchasing a net total of €1.7m worth in shares. Executive Departure • Aug 05
Independent Non-Executive Director Andrew McMillan Bell has left the company On the 30th of July, Andrew McMillan Bell's tenure as Independent Non-Executive Director ended after 13.2 years in the role. We don't have any record of a personal shareholding under Andrew's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 8.08 years. Executive Departure • Aug 05
Independent Non-Executive Director Paul Murray has left the company On the 30th of July, Paul Murray's tenure as Independent Non-Executive Director ended after 18.0 years in the role. As of March 2021, Paul still personally held 1.19m shares (€228k worth at the time). A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 8.08 years. Board Change • Jul 31
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non-Executive Chairman Brian Gilbertson was the last independent director to join the board, commencing their role in 2010. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Jul 22
CEO & Executive Director recently bought €185k worth of stock On the 21st of July, Priyank Thapliyal bought around 1m shares on-market at roughly €0.18 per share. In the last 3 months, they made an even bigger purchase worth €877k. Priyank has been a buyer over the last 12 months, purchasing a net total of €1.4m worth in shares. Recent Insider Transactions • Jul 02
CEO & Executive Director recently bought €878k worth of stock On the 1st of July, Priyank Thapliyal bought around 5m shares on-market at roughly €0.18 per share. This was the largest purchase by an insider in the last 3 months. Priyank has been a buyer over the last 12 months, purchasing a net total of €1.2m worth in shares. Recent Insider Transactions • Jun 10
Independent Non-Executive Chairman recently bought €636k worth of stock On the 4th of June, Brian Gilbertson bought around 3m shares on-market at roughly €0.19 per share. This was the largest purchase by an insider in the last 3 months. Brian has been a buyer over the last 12 months, purchasing a net total of €4.1m worth in shares. Upcoming Dividend • Apr 29
Upcoming dividend of AU$0.02 per share Eligible shareholders must have bought the stock before 06 May 2021. Payment date: 21 May 2021. Trailing yield: 8.8%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (4.5%). Is New 90 Day High Low • Feb 20
New 90-day high: €0.22 The company is up 38% from its price of €0.16 on 20 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 66% over the same period. Is New 90 Day High Low • Jan 06
New 90-day high: €0.22 The company is up 39% from its price of €0.15 on 08 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 42% over the same period. Is New 90 Day High Low • Dec 30
New 90-day high: €0.21 The company is up 31% from its price of €0.16 on 01 October 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 45% over the same period. Recent Insider Transactions • Dec 18
CEO & Executive Director recently bought €337k worth of stock On the 17th of December, Priyank Thapliyal bought around 2m shares on-market at roughly €0.17 per share. In the last 3 months, there was an even bigger purchase from another insider worth €1.7m. This was Priyank's only on-market trade for the last 12 months. Recent Insider Transactions • Nov 11
Independent Non-Executive Chairman recently bought €1.7m worth of stock On the 9th of November, Brian Gilbertson bought around 10m shares on-market at roughly €0.17 per share. This was the largest purchase by an insider in the last 3 months. Brian has been a buyer over the last 12 months, purchasing a net total of €3.7m worth in shares. Reported Earnings • Oct 30
First half earnings released Over the last 12 months the company has reported total profits of AU$55.8m, down 44% from the prior year. 
