JBM jubilee mines nl

There was a lot that was music to shareholders' ears at the...

  1. 2,131 Posts.
    There was a lot that was music to shareholders' ears at the
    JUBILEE MINES (JBM) meeting on Wednesday, not the least of which was the
    subject of shareholder income.
    Executive chairman Kerry Harmanis said the company continued to
    be in a strong financial position with cash and receivables at September
    30 of $112 million, which was net of the $31.3 million dividend payment
    in September.
    "This cash and receivable position will continue to build again
    until the anticipated March 2005 dividend payment," he said.
    The shares rose 10c to $4.47 in the initial reaction on
    Wednesday.
    However, when investors thought more about the "build again"
    they came back for more stock yesterday and pushed Jubilee up a further
    26c to a record $4.73.
 
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Currently unlisted public company.

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