Whenever you invest in a company you need to look at it...

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