Hi Joe, interesting thoughts on JMS. don't forget that most large investors that bought before JMS delisted paid a lot less than the IPO price so for them who wanted to sell after IPO the majority would have been in large profits yet not many have actually sold. so this suggests that lots of the institutional investors and directors feel that the SP is undervalued and has a lot more growth. Also when JMS delisted Tshipi wasn't even producing at that stage and they have only been ramping up production tye last few years. so;youcould argue that tye company has been growing and is still growing. if u look at the recent presentation slides and u will see there is future growth also. what u have also got to remembertgis asset has a 100 year mine life which is almost unheard of in mining terms. Tshipi is the 3rd largest manganese mine in the world with the longest mine life possibly. its not like an oil company that needs to keep drilling for oil, they already have a 100 year supply. If manganese prices stay strong JMS with tjere 49.9% will do very well and reward its shareholders very well. very few companies pay out this type of money back to the shareholders or have potentialto do share buy backs which will increasethe share price ultimately. JMS is a profitable business that rewardsirs shareholders and it does have other assets for the future. plus Tshipi has soem quite good improvement plans which will;cut costs further and make it an even more efficient business. soif u call a profitable business that rewards its shareholders a one trick pony then its a very good pony to be invested in. funds will buy into this if it keeps dividends regular so the share price will grow. I'm confident anyway, wait for a better entry but u might not get it as i feel this has bottomed out virtually. so lots of upside potential. February is going to be moving month imo. good luck all shareholders
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Last
16.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $303.8M |
Open | High | Low | Value | Volume |
16.0¢ | 16.5¢ | 15.5¢ | $1.151M | 7.209M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
19 | 2515889 | 15.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
16.5¢ | 1044809 | 11 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
16 | 1056685 | 0.335 |
16 | 538094 | 0.330 |
10 | 357174 | 0.325 |
7 | 233079 | 0.320 |
3 | 70000 | 0.315 |
Price($) | Vol. | No. |
---|---|---|
0.345 | 83269 | 1 |
0.350 | 112986 | 4 |
0.355 | 336000 | 3 |
0.360 | 155714 | 2 |
0.365 | 124500 | 3 |
Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
JMS (ASX) Chart |