Why the Jupiter Mines (ASX:JMS) share price is down again today

The Jupiter Mines Ltd (ASX: JMS) share price is falling again due to its proposed spinoff company Juno Minerals Limited. At the time of writing, the Jupiter Mines share price is trading at 31 cents, down 7.6% from Friday’s close.

Let’s take a look at what the mining company announced today.

More delays

Jupiter Mines’ spinoff company is causing waves today, as its initial public offering (IPO) has been delayed again. The original date for Juno’s IPO was to be March 17 2021, but it has been pushed back to the end of May.

The delays announced today follow the demerger’s halt last week, as one of its major shareholders didn’t want to…