JNO 8.51% 4.3¢ juno minerals limited

Ann: Mount Mason Project Development Update, page-10

  1. 986 Posts.
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    I sold out of this, I only had the free shares so held for a while to see how it went.

    Once the IO price started to collapse from very high highs I think the writing was on the wall for this combined with high freight costs and China likely not a buyer.
    I cannot see them being able to raise the capex they need.
    Some holders still mention Mt Ida as offering value but I just dont see it, it would require in the region of 1.5 billion dollars to bring it on line and the dilution from that would take any value away from existing SH IMO. Personally I cannot see that project getting off the ground any time soon if ever.

    The big advantage of free shares is you cannot lose any money so no tears from me although I am a tad disappointed, if they had moved earlier there would have been more in it for JMS holders.

    Good luck to any who bought on the market after the launch, I think you may need it.


 
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