Jupiter Gold and Silver Fund is Buying BIG... now 💥💥

[HopefullyGold]

Hydrogen- thanks. Understand completely about asking to many times I’ve pissed off a few of my contacts down under that way. I’ve managed to top up lately around the 7 pence mark averaging down but I’m still 40% down. Fingers crossed SD pulls this off.

[Habari65]

Jupiter hasn’t added, the institution tab is the total of their two funds under the funds tab. It’s been the same for a while..as always DYOR

[Hydrogen]

I think you maybe be mistaken Habari -

Jupiter Gold and silver has definitely added and this recent addition was just reported in August 23. They jumped from 75m to 92m (as of 3rd August) …. meanwhile Jupiter Merian Global has also now added circa 10m (for a second time).

This brings the total or overall Jupiter Holding across all funds., to 102m as of 23 August 2023 .

Check these time stamped morningstar images:

Effectively Zero to 102m shares for Jupiter investment management (Since May 2023)
Published 23 August 2023
https://ibb.co/kyp4pDn

75m to 92m
Published 3rd August 2023
https://ibb.co/vxT7Lky

Zero to 75m published 3rd May 2023
https://ibb.co/mTy8LnR

And TBF it wasn’t exactly Zero to 75m it was actually 5m to 75m

Jupiter Gold and silver fund holding 92m
Jupiter Merian Global fund Holding 10.3m

As you say Habari…. DYOR .

I follow these changes like a hawk fella. I can tell you for a fact this is correct. I have cross referenced the data from multiple other sources now, including Jupiter’s quarterly reports, and while there is a time lag, it all fits.

Jupiter is now the largest fund managed holding of Greatland. That was not the case a few months ago.

Finally what has confused people slightly is who bought what and when.

This is the sequence:

Jupiter Merian bought 10m around August/September last at around 9.5p. However they sold about 2 months later as gold bottomed in late November.

Meanwhile in around November Jupiter gold and silver bought a “starter position” of 5m shares - Shaun day mentioned some funds had bought starter positions.

Then around February March a large 71m buy order was completed, by the gold and silver fund, taking the funds position to circa 75m, and this was reported on Morningstar in May.

Further, they added to this position recently and Jupiter gold and silver now report on Morningstar 92m

However this week the total Jupiter holding jumped up to 102.3m

Jupiter Merian came back to the table - as it were - sometime this August with 10.3m now showing.

(As I mentioned the Morningstar history was slight confused by Jupiter asset management showing as sold 10m. But this was only the Merian fund last year who came in before Ned Nayor Leyland's 3 Star Gold and Silver Fund )

[Redirons]

I know who I am willing to believe Hydro and that’s because you’ve been here for years and always sought to back up your assertions with references for others to check (as I often have) - thank you buddy!!!

[Hydrogen]

Hi Redirons

I think this point is absolutely key going forward:

Jupiter Gold and Silver is now the largest individual managed fund holding of Greatland Gold - with 92m share - and still hunting/counting. (I am expecting circa 150m)

That was categorically NOT the case just a few months ago. They were barely on the register.

For any doubters out there - Jupiter Gold and Silver Fund's 92m has now become GGPs newest 'big top holder' and literally become THE biggest managed money fund holding GGP (in just 6-9 months)

Further, 92m puts them 4th in the TOP 5 overall individual holders.. (After Wyloo, Tribeca and Five Diggers but just above Callum. with his 85m)

It's been steady, controlled and methodical buying. IMO It's been held low, becuase this buyer has been willing to drop £ millions... and THEY are in control whilst gold stock volume are are low.

Presumably all because Ned Naylor Leyland now knows what Paddy, Bamps and I know have recognised early... That this is going to be absolutely massive... huge.

Undeniably, Ned's big move into GGP implies total validation of Shaun Day. And speaks VOLUMES to the quality of Havieron, Greatland and the future.

Shaun is an MD who is being 100% backed by the big money and big boys in mining.

Presumably Becuase.... This 3* Specialist Precious Metal FUND manager knows Havieron will deliver.

Perhaps, even the statement 'they want your shares' has quite probably never, ever been so true.

[Hydrogen]

VERY Interesting here is Jupiter Gold and Silvers Quarterly june 2023 letter

https://jupiteram.com/docs/QIR-pro-jgas ... -GB-gb.pdf

Of note, absolutely no mention of the 92m purchase of GGP... The filo mining purchase was completed ages ago. And they threw $16m at Filo.

Why? - Presumably, because they are not finished yet ... Quietly filling that 150m or so order. IMO

Remember this...? Becuase they do...

Not forgotten...."Biswas sees potential for Telfer to Become Tier 1 operation" (17 Feb 2022)

Interesting reading:

Jupiter Gold an Silver Fund Policy Review https://jupiteram.com/docs/Jupiter-Asse ... Report.pdf (page 40)

The fund’s asset allocation signal is still defensive and we maintain a relatively high allocation to bullion, which represented 22% of the portfolio at the end of the period. In the same vein the fund’s silver exposure made up 38% of the portfolio at the end of the period.
The fund’s substantial allocation to exploration & development companies (development companies not in the process of building a mine) seems appropriate given the rising cost environment. Exploration & development companies are far less exposed to inflationary pressures than those companies with one or more operating mines, or those in the process of building a mine. These companies also have the potential to add value through their exploration and development activities, and this can see their share prices meaningfully outperform the wider sector. This was the case with investee company Reunion Gold Corp, which enjoyed drilling success at its Oko West Project in Guyana during the period. Whilst the share prices of most mining companies declined during the period, Reunion’s shares appreciated 75%.
The fund’s focus on Australia and the Americas, driven by a desire to minimize operating risk, served it well during the period when the shares of many widely held Russian mining companies collapsed. Unlike many of our peers and the benchmark, the fund had zero exposure to Russian mining companies, which plunged on the back of sanctions and Russian companies being excluded from various indices.
The fund saw uncharacteristically large outflows during the period, and these were concentrated at the end of Q1, when certain unit holders undertook quarterly rebalancing. There was a need for these unit holders to significantly reduce their allocation to the fund because of its weight in their portfolios has swollen because of its outperformance relative to equities and bonds, which saw big drawdowns in Q1.

[ManFromUruguay]

Morning Hydro
Currently 6.4p to buy which is surely the lowest price since 2020. If Jupiter has intentions of acquiring more then now would be the time to be doing so ?

Best R
MFU

[CK 1974]

Unfortunately according to Morningstar as of 30 august Jupiter and hardly anyone else has bought any! Which begs the question why not when we’re so low!!??
I really hope this share price is to do with the lassonde curve otherwise Shaun really has done a great job (not!!!)
No choice but to wait while this all plays out, I want and need Ggp to do really well but Shaun is gonna have to do or say something of value to boost this depressing Poop show

[FuttBucker]

I might be gripping the wrong end of the stick here but I'd say that The Lassonde Curve is just a diagram which identifies and illustrates how things frequently play out. As such I wouldn't say that the lassonde curve is driving anything, and not responsible for share doldrums.

I think the doldrums are the result of the list of things we're all waiting for - updated resource estimates formal decision to mine, etc etc. Which places us in the bottom of the U in the curve.

When some big decisions get locked in, and investor interest increases, that will move us on. It's all out of our control so the answer is to wait and see.

[CK 1974]

That’s what I mean by the sp following the lassonde curve not that it determines our sp but after discovery the sentiment dies down once we start producing id expect it to go up hence following the lassonde curve, if it doesn’t then we weren’t following it

[Francis]

It looks like Jupiter Gold and Silver fund is Selling Big… now

Latest holding per Morningstar is 26.9m, so they’ve sold about 65m shares so far

https://www.morningstar.com/stocks/xlon/ggp/ownership

[Hydrogen]

Actually fairly old news Francis - Albeit only just being reported on Morningstar

My Pal spoke to Ned a few months ago and they've actually been out now and for at least 2 months: ( As I reported earlier in another post elshwere ) - It appears the Jupiter gold and silver fund sold heavily into the L&G spike for a decent profit and then the remainder steadily since over the next few months to more or less break even on the position , or I'm guessing maybe a 10--20% profit

Anyhow they are out now ... along with that other odd anonymous custodian - Global Prime Partners

You can see the Jupiter buying and selling in this chart. .

THe reason I am told they sold was simply missed timelines and slower than expected progress

[Francis]

Actually fairly old news Francis - Albeit only just being reported on Morningstar

My Pal spoke to Ned a few months ago and they've actually been out now and for at least 2 months: ( As I reported earlier in another post elshwere ) - It appears the Jupiter gold and silver fund sold heavily into the L&G spike for a decent profit and then the remainder steadily since over the next few months to more or less break even on the position , or I'm guessing maybe a 10--20% profit

…

When/where did you report this? Perhaps I’ve missed something, but I can’t see any reference in your post history.