So we have around $42m of cash at JMS... (plus a share of the cash remaining at Tshipi).
Crazy how we remain so cash flow generative during a bad bear market for manganese.
The resignation of the CFO at Tshipi isn't important in my opinion. This is a very simple mine to look after from a financial perspective. The value is in the expertise of the operations guys at Tshipi + the capital allocation decisions of the Tshipi and Safika/OM/JMS Boards.
My view is they should buy back stock rather than pay a divi. This will strengthen the share price and provide valuable currency to do acquisitions.
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15.8¢ |
Change
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Mkt cap ! $303.8M |
Open | High | Low | Value | Volume |
16.0¢ | 16.5¢ | 15.5¢ | $298.3K | 1.868M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
36 | 1041275 | 15.5¢ |
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Price($) | Vol. | No. |
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16.0¢ | 357857 | 30 |
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No. | Vol. | Price($) |
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34 | 2509601 | 0.150 |
29 | 1574061 | 0.145 |
30 | 2043939 | 0.140 |
9 | 496932 | 0.135 |
Price($) | Vol. | No. |
---|---|---|
0.160 | 275457 | 25 |
0.165 | 658896 | 18 |
0.170 | 1141649 | 17 |
0.175 | 56400 | 4 |
0.180 | 523492 | 17 |
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