Share price is weak because the whole steel and metals space is weaker (outside copper). China is restricting production at the moment, but I expect a big uplift post Winter Olympics.
Manganese price on a FOB basis is getting good support as despite high manganese prices on a CIF basis, we were previously hit by very high shipping rates which are now coming back down.
Management is obviously not going to do M&A in a few weeks/months. We need a new CEO and Chairman first of all.
We'll see what they say in quarterly report and earnings call in a few weeksThere is a bit of Stockholm syndrome going on. You are annoyed about PT being replaced, despite the fact he was overcompensated and self-centered, as proved by the fact he just dumped investors at Juno.
The new management team has done nothing wrong so far, and new interim management isn't getting a bonus package like PT, so they've actually saved us money so far.
Would be good to get investors with insight and discernment back on this thread. Even at currently low manganese price and low dividend levels, we're getting a 5% yield on current share price.
But who cares about such a low yield when so much value can be created building the largest listed manganese miner globally. Entrepreneurs understand business isn't a zero-sum game. Why would they be cheap and destroy the JMS listing by doing shady transactions.
I look forward to seeing the growth story play out, they can raise debt or use the strong stock currency to do consolidation in the Kalahari... We can even get other listings in London and SA. I want to own a % of a multi-billion enterprise, not just get a yearly dividend with no business growth (which by the way doesn't compensate for the risks taken, which is why the share price has been stuck at low levels).
I am confident institutional investors in mining will understand and support such a story.
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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($) | Vol. | No. |
---|---|---|
18.5¢ | 88288 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 60000 | 0.180 |
10 | 368100 | 0.175 |
13 | 774261 | 0.170 |
11 | 1465667 | 0.165 |
11 | 1077001 | 0.160 |
Price($) | Vol. | No. |
---|---|---|
0.190 | 51894 | 3 |
0.195 | 15000 | 1 |
0.200 | 117800 | 2 |
0.205 | 40000 | 1 |
0.210 | 147464 | 4 |
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