JMS 0.00% 16.0¢ jupiter mines limited.

Fundamentally sound, good cash position -very large future...

  1. 41 Posts.
    Fundamentally sound, good cash position -very large future resource in Mt Ida/ Mt Mason (if macroeconomic conditions improve to make financially viable) and you'd expect Tshipi to be a cash-cow going forward (long term).

    The risk (& the one thing stopping me buying more at the moment) is uncertainty over the ownership structure & lack of knowledge on my part of what the consequences would be to us minority shareholders if the Pallinghurst Consortium manage to increase stake to 90% (which presumably is their aim(?))

    Add to that the constant nibble of the bots on the share price (which may or may not be connected to the above) makes me increasingly nervous about taking any larger position.

    My view is the quarterly (presumably out tomorrow) could be critical - a very good - or even very bad cashflow could shake the position up a bit - & maybe push a few people to lay down their cards and reveal their hands(!?)

    Interested to hear what others think...
 
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