agree to a great extent but Exarro surely will have to take us out unless the current 51% partners they are multi billion $ resources company and they have hunger to grow and this is a cash cow machine obviously at lower end of cycle they have bought 50% plus 19.9% in JMS so don’t think that they bought this significant stake to only distribute dividends to just a holding company like JMS who has absolutely no contribution towards operations or growth.
if I would be exarro M&A team I will start buying on market whatever I can now cheaply at say 50% discount to what I bought and then offer say 30-40% premium over 0.32c to say 40c which is at IPO price and I am sure they will get 100% comfortably.
once above is executed then reap dividends for their life….
dyor
JMS Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held
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