whether it be in golf or going to the equity/debt markets!
what more positive circumstance could there be for a Mn play like ours than for a high profile manganese explorer (soon to be developer) like Jupiter Mines to be able to raise $150m on the markets in order to allow it to develop the Tshipi deposit.
you gotta love the following quote...... "manganese was a commodity not generally well understood by the market, but the company still received strong investor support"
our 17.5m debt placement and 6m equity search just got a lovely boost!
for those of you with an interest in the personalities - Gilbertson, an ex CEO of BHP, was heading up Pallinghurst when they lost out to Palmary/Privat (Gennadiy Bogluboyev) in the bidding war for Consmins Woodie Woodie mine. Pallinghurst were the original owners of the 50% stake that Jupiter now control. Jupiter acquired the Tshipi stake in a sort of reverse merger which saw the Pallinghurst co-owners take an 85% stake in Jupiter....... I guess Ive lost antero at this stage?
http://www.theaustralian.com.au/business/jupiter-mines-gets-150m-cash-injection/story-e6frg8zx-1225997695737
this news is just a perfect circumstance/context for Vicarage in terms of raising finance...... a fabulous coincidence