Can anybody explain to me any near term factors which would causes the jms share price to move to higher ground.
At the moment around 240,385,875 shares on issue. I'm under the impression that RRR/Pallinghurst own around 50% of the company.
I know there long term goal is of a steel feed business. However all JMS iron ore reserves are tiny in comparison to the big players. Do they plan to make JMS the compant to take over all the juniors in the Central Yilgarn? They have aquired 10% in mindax mdx and now have Mr Wedlock (an old BHP iron ore ceo) on the management team.
Does anyone think there is a substantial amounts of iron ore for them to find? They've had some nice hits of about 60% iron ore however no substantial volumes.
I guess as with everythin else time will tell.
Disclosure: I have a little parcel from a time ago.
JMS Price at posting:
18.3¢ Sentiment: None Disclosure: Held
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