Buybacks would be the best and most tax-friendly capital allocation imo. However, I don't like the talk about using a higher share price as a currency. What's the point in driving up the price just to dilute yourself shortly thereafter?
Invest in JMS via buybacks while JMS is undervalued.
If and when market price is higher: use cash generated to consolidate stake in Tshipi, acquire other mines if available at favorable terms, pay dividends, or accumulate cash for later.
Buybacks would be the best and most tax-friendly capital...
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Last
33.0¢ |
Change
0.035(11.9%) |
Mkt cap ! $646.6M | |||
| Open | High | Low | Value | Volume |
| 30.0¢ | 33.0¢ | 30.0¢ | $7.001M | 22.05M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 103000 | 32.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.5¢ | 229115 | 5 |
View Market Depth
| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
33.0¢ |
Change
0.035 ( 10.9 %) |
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| Open | High | Low | Volume | ||
| 30.5¢ | 33.0¢ | 30.0¢ | 4334500 | ||
| Last updated 15.59pm 10/05/2024 ? | |||||
| JMS (ASX) Chart |