Hi @weetyrs
I base my 15c on a few factors:
- the market has historically valued JMS on very short term factors only, and not taken into account the longer term picture
- I'm very bullish on JMS long term and have been a LT holder previously with decent parcels
- In 5 years time, I would be surprised if this isn't a 80c + share
- the market previously valued it at 25c when macro factors were much better than they are now
- Why am I bearish now?
- I am expecting a much bigger shock to rock equity markets as a result of COVID and pre- existing market conditions (way overvalued, too much debt globally)
- there will be a significant economic slowdown which will reduce demand for manganese
- there is reasonable political risk in South Africa. the uncertainty there is already factored into the price, but they risk is greater in poor global economic climate
- current capital spend and lower manganese price (when compared historically) will lead to a few lower dividends.
I don't expect it to be at 15c for a long time, and I'll buy hack in when it is there. I do think it has further to fall from current levels.
In then. meantime, I think Australian gold miners represent better value and that is where I'm mostly invested.
Blatant up-rampers also annoy me, and I've seen a few here lately.
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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) ? |
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JMS (ASX) Chart |