are the directors actually paying themselves any money???
VERY tight, total net cash burn for the quarter was around 200G, which means they could go on for the next 20 or so years on their current cash!
PEople might say...well that just means they arent doing anything...WRONG!
This company is all about initial property development and then JV to partners who spend all the money with JRL retaining an interest...plenty of work being done...if something crops up then BANG.
MEanwhile we get plenty of upside through the Energy MEtals Spoinoff...sent my cheque for 100G EM shares today!!!
Cdchi1
JRL Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
