JRL just sold ~ 430k of URA netting 0.5mil 1.17 ps (id*ots!) - i guess hindsight is 20/20 but still i would much prefer an inspecie distribution to shareholders and let us decide. If they thought URA was overpriced/overhyped then why sell only 1/4. a logical explanation is probably to fund JRLs overheads without further cap raising. last quarterly they had 2.8mil cash (which should last them a while). Having said that, i like the way management cuts down on their fees. JRL is lean and well run. From memory director fees were reduced last yr - warren buffett would love mr dudfield!
JRL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
