Prior to investing more funds in JMS, I did some research on future production prospects for profit.
1. Low cost operation.
2. 100 year life of resource.
3. JMS has zero debt.
4. Funds prudent for continued return to shareholders.
5. Right place at the right time.
Looked at Mg price chart, and demand is increasing the price impressively.
S32 increased prices on forward contracts, but has closed down some operations to be more profitable.
Now for the most salient point. Trade wars usually see China winning.
Having a large investment in Africa,supply chains are in place, when quarantines are relaxed.
Moreover, African restrictions are more likely to be relaxed before Australia's.
Where do you think China will go after negative comments from Australian politicians?
Prior to investing more funds in JMS, I did some research on...
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Last
18.5¢ |
Change
-0.025(11.9%) |
Mkt cap ! $362.6M | |||
| Open | High | Low | Value | Volume |
| 20.5¢ | 20.5¢ | 17.5¢ | $2.284M | 12.06M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 85000 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.5¢ | 88288 | 4 |
View Market Depth
| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| JMS (ASX) Chart |