This sounds like a good result (very low production cost). But I can't understand why their cash position only increased by $1.5m over the quarter (from $34.3m to $35.8m). They must make a huge operating cash flow, but where does all the money go to: Mine development at Jaguar, Bently, Stockman (maybe I answered my own question)?
JML is my biggest investment atm: They appear to be making progress at Bently and Stockman, and are promoting these developments. Market cap is currently about $300m. The chart looks good to me too having broken resistance at 47ish I am hoping there is some blue sky ahead. (commodity prices are booming and general stock markets pretty strong in Australia and US). JML is worth holding, IMHO.
Cheers.
JML Price at posting:
56.0¢ Sentiment: Buy Disclosure: Held
