Tshipi e Ntle, in which Jupiter is an investor, has made it...

Tshipi e Ntle, in which Jupiter is an investor, has made it pretty clear that they wish to facilitate consolidation of the KMB and grow their manganese operation. Maybe they see some acquisition or downstream (HPMSM) opportunities forming and are building a war-chest. As one of the lowest cost and largest manganese producers in the world they are capable of riding out depressed commodity prices, without withholding dividends. Certainly Tshipi is the better vehicle to effect any acquisition or downstream integration than JMS itself.

Not a good time to be a self-funded retiree surviving on traditionally high yield asx dividends that have disappointed this reporting period (YAL, MIN, PLS, FEX and now JMS). Hope everyone here is ok.

Disclosure - change of sentiment to Hold.