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Doesn't Jupiter Gold own mining concession in Paracatu (Minas Gerais), next to Kinross mines (KGC)?
Hope we going to see gold production before Chinese New Year. That would get attention from Chinese investors...
Yes ITMD, looking ahead 1-2 years. Patience
Definetely there are money to be made here. It will just take time
Which also takes a decent amount of money in addition to the time and effort. You are talking lawyers, accountants, SEC filings and so on.
Again, if Marc just wanted to line his pockets there are much much easier and cheaper ways to do so
IPOs don't happen overnight and take a lot of effort to put together.
The SEC will investigate the company to make sure all the information submitted to it is correct and that all relevant financial data has been disclosed.
If everything is OK, the SEC will work with the company to set a date for the IPO. After SEC approval for the IPO, the underwriter must put together a prospectus; that is, all financial information on the company that's doing the IPO.
NOW,That is one Class A Response, Great Post! :)
So a company going through an IPO which was approved by FINRA and the SEC is a scam? This is not a company buying a shell to go public but an IPO, this is very tedious to do and not easily done.
If the Marc just wanted to line his pockets he would just R/S BMIX and continue to sell shares, there would be no reason to go through all of the work and effort to create a subsidiary entity and IPO with all of the necessary SEC documents.
So the more money Jupiter will make, the more money comes into BMIX's own coffers as well.
No, more like the more shares that Jupiter sells, the more money goes into Fogassa's pocket. This is hilarious. When one scam stock peters out, and shares are hard to sell, just bring one of the subsidiaries public and start over.
So bmix will get 80% of the yields, correct?
WOW! I have a Q to ask but I can not do it here (or won't :) maybe tomorrow at Happy Hour if I get Home on time. Put in a Buy order for more BMIX (only 3M more )Do you think 1's will still fill? I would think so as long as we do not get any Revenue Pr'S or good news in general before next Wed. or so.
The GRUs that will be paid for by Jupiter and placed in BMIX property will have their yields split 50/50 between two companies, but then since BMIX owns 60% of Jupiter, it is my understanding that they will also get 60% of the other 50.
DONE,THANK YOU :)
Merry Christmas to all. We still got a ways to go,but at least things are starting to get exciting, that's for sure. HO HO HO :)
When this finally gets properly digested and revenues start to stream in,this could explode,I mean really explode.
I was surprised ITMD,I thought it was "only" 50 Percent,not 60 Percent. Things are Really starting to get better for a change. Exciting,is it not? :)
That would be nice should BMIX require a higher book value in the future, for say uplisting to a better market.
In fact, I believe that since BMIX is the majority owner of Jupiter, the financials of Jupiter are 100% consolidated into BMIX's. That's under US GAAP accounting rules for BMIX.
Yes, Jupiter and BMIX are intimately interconnected. The GRUs that Jupiter will be buying and installing on BMIX properties, for instance, will not only yield 50% to BMIX, but BMIX also claims 60% of the other half that belongs to Jupiter.
So the more money Jupiter will make, the more money comes into BMIX's own coffers as well.
Everyone should read the prospectus carefully.
BMIX
Have you read through the prospectus yet? I know it's related to Jupiter but feel like this is the most comprehensive info we've gotton on BMIX as well.
There is a lot of great info in there, the fact that they are going to use the fund raised to get real research into the property will only help BMIX.
Not sure how the IPO will work out, but Marc is being very smart with what he is doing.
Thanks i.t.m.d. ,i appreciate it
Can't do it on my iphone, will when i get access to a desctop.
Thanks for your trust.
Welcome, feel free to apply as a mod for this new board if you wish.
Same to you, bud.
I agree. Jupiter will be BMIX's best asset going forward - publicly traded company with no debt and respectable market cap. Majority ownership belongs to BMIX.
I would think day to weeks tops.
Jupiter IPO will derive benefit to all shareholders under the consolidated umbrella
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