Wanted to start a new thread related to general JMS discussion as conducting general chats within individual announcement posts don't really make sense.
Have started to accumulate this one around the 21c mark over the past few weeks; looks like a solid dividend play in an otherwise pretty volatile market environment. Manganese prices trending at the lower end of the curve while company still makes bigger and bigger profits, and cost of international shipping has dropped massively so should work in their favour.
100+ year life of mine is appealing instead of having to worry about LOM limits a ton of other miners have as a factor. Risks I can see is currency & the general 'being in South Africa and the random political crap that happens in Africa' as to why it's trading on a big discount... P/E of about 5.5 at current profitability levels? And dividend yield of about 11%?
Looks good to me.
JMS - General Discussion
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Last
28.0¢ |
Change
-0.005(1.75%) |
Mkt cap ! $548.6M | |||
| Open | High | Low | Value | Volume |
| 28.5¢ | 29.3¢ | 28.0¢ | $563.0K | 1.961M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 383630 | 28.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.5¢ | 18000 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
28.0¢ |
Change
-0.005 ( 2.61 %) |
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| Open | High | Low | Volume | ||
| 29.0¢ | 29.5¢ | 28.0¢ | 378356 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| JMS (ASX) Chart |