JMS 3.03% 16.0¢ jupiter mines limited.

Excellent returns, page-68

  1. 1,466 Posts.
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    At the end of May Quarter JMS has $86,509,120

    In September they announced an increase of $14.7m even with the temporary shutdown.

    That means we are going into the half year results with $101.2m

    If they retained 10% and go by their usual 90% payout they could give out 4.65c dividend if they really wanted to but they won't.

    Still that is a heck lot of cash especially when you consider they only need 85m$ for the expansion project of which they only need to pay 49% of the cost.
 
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