JMS

2.04%

24.0¢ jupiter mines limited.

Nice first post Tiranu and welcome to the forum. Reading Mendes...

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mouzel

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22/09/21

17:13

Post #: 56272310
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Originally posted by Tiranu: ↑

I agree Priyank's salary is a bit too high but it still has a minor effect on our return (Dividends)!. JMS as it is, is a simple and beautiful business that will generate 10-25% dividend per year for decades with very low risk( no debt, low cost producer).These kind of longterm returns with low risk, is what the best investors in the world try to achieve.

With Priyank and Gilbertson that is exactly what we will get simple and safe. Mende to me seems full of shit. There is such a thing as diworsification as Lynch likes to call it. Why take unneccessary risk and destroy the value proposition that makes JMS unique (simple and safe dividends) there are a million of so called "growth stocks".

Reading Mendes statement either he has bad judgement and is a bad investor or he is full of shit with a hidden agenda. Trying to change "perception of the market", "diversification", "battery revolution" is the typical Wallstreet Mumbo Jumbo that is pure speculation. Plain and simple predictable business returns and dividends I take all day ( as does Warren Buffet) over trying to appeal to the market and speculating on SP appreciation(that will not happen anyway).

Mendes argument about the bad share price performance makes me question his judgement(or honesty?) even more. When he takes as an example the current low price that was caused by his board shuffle and low manganese prices. Also who cares about share price when more than 70% of ipo price has already been paid back to shareholders in form of dividends? On top of that a lower JMS share price actually increases long term returns when you reinvest dividends for compounding.

Also Priyank and Gilbertson skills and credentials in running mining businesses are so much better than Mendes, who is basically just an investor. Hope you dont get sucked in by Mende&Co. who will end up as Lynch calls it diworsefying (even possibly destroying) this great business or may have a different hidden agenda that is not aligned with us.

Why would anyone favor all this uncertainty and risks (possible bad longterm returns: Debt, worse business performance, failed overpayed aquisitions and growth, potential f*ing over of minority shareholders, value extraction) with Mende compared to 10-25% safe dividend returns every year?

Please all vote so we can preserve this dividend gem and wont lose money.

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Nice first post Tiranu and welcome to the forum.

Reading Mendes statement either he has bad judgement and is a bad investor or he is full of shit with a hidden agenda.
Agreed, what I said earlier in less words, his statement is weak sauce.
On the other hand PT is not handling things the way I would like to see it, and is damaged goods now. He brought this upon himself by being too greedy.
Wish there was another candidate for the CEO position....

JMS Price at posting: 23.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 24.0¢		Change -0.005(2.04%)		Mkt cap ! $470.4M

Open	High	Low	Value	Volume
24.5¢	24.5¢	23.5¢	$849.3K	3.533M

Buyers (Bids)

No.	Vol.	Price($)
4	327834	24.0¢

Sellers (Offers)

Price($)	Vol.	No.
24.5¢	125000	2

View Market Depth

No.	Vol.	Price($)
4	327834	0.240
5	528546	0.235
6	430833	0.230
5	356875	0.225
4	2263000	0.220

Price($)	Vol.	No.
0.245	125000	2
0.250	87440	3
0.255	327500	3
0.260	1741	1
0.265	128902	3

Last trade - 16.10pm 02/08/2024 (20 minute delay)

JMS (ASX) Chart

Nice first post Tiranu and welcome to the forum. Reading Mendes...

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Venture to sniff out high-grade REE targets at Jupiter project, WA

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

GreenX picks up prospective copper project in Germany

Westgold sets its sights on top five producer status through merger with Karora

Is oil undervalued?

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Nice first post Tiranu and welcome to the forum. Reading Mendes...

Top Stories

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Venture to sniff out high-grade REE targets at Jupiter project, WA

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

GreenX picks up prospective copper project in Germany

Westgold sets its sights on top five producer status through merger with Karora

Is oil undervalued?

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News