JMS 1.75% 28.0¢ jupiter mines limited.

The JMS has risen as it was depressed much further than it...

  1. 11,962 Posts.
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    The JMS has risen as it was depressed much further than it should've been. JMS suffered due to few sellers who pushed the price down, buyers were super patient at the time and slowly added. I couldn't believe that I could buy JMS at 16.5c some months ago.
    Many investors don't realise that JMS owns 49% of one the largest Mn ore mines in the world with 100 year mine life. The Mn ore price has been at a cyclical low and it was only a matter of time before the supply/demand situation improved. It has happened more rapidly with the large S32 Mn ore mine in NT suffering the cyclone damage which will put them out of action for some time. What I'm surprised about is that this has been replicated in the OMH share price which owns 13% of the same mine. Yes JMS stake is bigger, but the market caps don't make sense as JMS is $500 million and OMH is $340 million. The difference is that OMH is also the biggest alloy smelter in Asia (outside China) and should be worth 3 x current share price.
 
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Last
28.0¢
Change
-0.005(1.75%)
Mkt cap ! $548.6M
Open High Low Value Volume
28.5¢ 29.3¢ 28.0¢ $563.0K 1.961M

Buyers (Bids)

No. Vol. Price($)
11 383630 28.0¢
 

Sellers (Offers)

Price($) Vol. No.
28.5¢ 18000 1
View Market Depth
Last trade - 16.10pm 03/05/2024 (20 minute delay) ?
Last
28.0¢
  Change
-0.005 ( 2.61 %)
Open High Low Volume
29.0¢ 29.5¢ 28.0¢ 378356
Last updated 15.59pm 03/05/2024 ?
JMS (ASX) Chart
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