JMS 1.35% 36.5¢ jupiter mines limited.

Would not surprise me if we dont get the full divvy from Tshipi...

  1. 6,125 Posts.
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    Would not surprise me if we dont get the full divvy from Tshipi passed onto us. In view of the Manganese price JMS may decide to hold onto some of it and spread the largesse out over a couple of dividend periods. This would help also to stabilize the share price over the next 6 months. The Mn price does look oversold however, my guess is Chinese buyers are de-stocking but a day of reckoning must come when depleted stocks are unable to support the continuing global steel growth demand. Whatever, I am now thinking we may only get 2c divvy this time rather than the 4c or so based on the Tshipi dividend to JMS . I suppose the silver lining to the Mn price decline is that it will make some "wanna be" Mn producers think twice before committing $$ to new mines
 
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Last trade - 14.04pm 14/05/2024 (20 minute delay) ?
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