JMS is a slightly unusual investment in that it does not have a...

JMS is a slightly unusual investment in that it does not have a business, rather it is a vehicle for an investment in the Tshipi Manganese Mine with the other shareholders Nitsimbintie and ASX listed OM Holdings. It seemed highly likely that at some time someone would want to roll this up into something more coherent. Further it would not be surprising if the "partners" have inconsistent objectives which at sometime would clash. Observers in the past have suggested that JMS was in a vulnerable position, so whatever the pretence this is probably about creating one owner for the Manganese mine. JMS hads been a cash cow, ... well for a couple of years but that may be no more if the new arrangements see more funds invested in expansion of the mine, ... ???