Yes agreed, good points and nothing is a sure thing.
As far as takeover price goes I don’t think it would be based on SP. The price paid by exxaro was based on valuation which could of course change if manganese prices or some other event happens, right now global steel production is up for the march quarter. Like you said JMS sp doesn’t perform even in this situation where we have a valid valuation saying it’s worth 31 cents backed by some serious coin on the table.
If it all goes to shit I guess I will take the dividend and keep grabbing a few as its’ s a solid divvy stock in my opinion and I really don’t mind just holding and collecting dividends.
JMS Price at posting:
18.5¢ Sentiment: None Disclosure: Held
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