Whenever you invest in a company you need to look at it rationally and without emotions, which is very hard to do for us humans.
The reason I invested in JMS for the longer term,
- Simple cash generating low-investment business, blast-haul-grind-ship open pit mine
- Long life (427.3MT reserves source: annual report 2020) high-grade manganese open pit mine (China has low-grade deposits only)
- Debt-free business
- Management that is NOT hostile towards shareholders. (believe me I've seen it with other companies)
- Management that is invested in the company, Thapliyal holds 57,4 million shares (source: annual report 2020) Gilbertson 21.4M (since 10 November 2020)
- Management team that tries to unlock shareholder value by, demerger, connecting to the electrical grid ($1.6 mil USD annual cost saving), increasing Tshipi output, lessened logistics risk with Luderitz port Namibia agreement (since 9 July 2020), anything that they can control.
Now I won't say this is the perfect stock and / or management team or without risks. But for me it ticks all the boxes. DYOR
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Mkt cap ! $470.4M |
Open | High | Low | Value | Volume |
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Price($) | Vol. | No. |
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24.5¢ | 125000 | 2 |
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5 | 528546 | 0.235 |
6 | 430833 | 0.230 |
5 | 356875 | 0.225 |
4 | 2263000 | 0.220 |
Price($) | Vol. | No. |
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0.245 | 125000 | 2 |
0.250 | 87440 | 3 |
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0.260 | 1741 | 1 |
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