JMS 3.42% 35.3¢ jupiter mines limited.

Come on guys... why $1, why not rocket to $5?50c and $1...

  1. 541 Posts.
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    Come on guys... why $1, why not rocket to $5?

    50c and $1 statements are just numbers that mean nothing, lets talk realistic market caps.

    I've held JMS for many years, and sadly, we're just back to the SP we were at before the ousting of the previous management, which took a shutdown of a large competitor's mine to achieve (note, NOTHING to do with the current management).

    I fear the current management will use this opportunity of increased profits to "invest" in future growth, rather than the old 90%+ dividend payouts I used to enjoy under the previous management team.

    Yes, I hope this will go to 50c, which would be circa $1B market cap and MAY be realistic if manganese prices continue to climb... but then also, should the S32 mine come back online in 18 months, I'm also wondering what might happen to our SP when global production is back to normal.

    That said, Tshipi is a 100+ mine life, which is why I invested here in the first place (plus the large dividend payouts). It's a continued hold for me, as upside from here appears much greater than movement to the downside.
 
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Last trade - 10.36am 15/05/2024 (20 minute delay) ?
Last
35.5¢
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