General Discussion - 2022 Catalysts, page-96

Here's some data points to potentially assist in making your decision.

1. Manganese prices holding up very well. The May quarterly should be out next week, which should be very strong
2. Macquarie have a 30c target and are using a conservative $5 commodity price. The spot scenario on the SP is much higher

3. JMS has materially underperformed the commodity price - largely off the back of management and strategic uncertainty


At 18c, the dividend yield in FY23 is 17% on Macquarie's numbers while the SP has basically matched the 3 year low. Feels like the recession is well and truly priced in to the price but the company is pumping out big $$$ with ample capacity to increase their share in long life assets for reasonable prices.