JRL
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11.8% $3.13 jindalee resources limited

eme tko, page-10

  1. denpal
    3,497 Posts.
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    08/09/09
    13:12
    Post #: 5613064
    Free money?

    As soon as I saw this ann. I bought.

    Do the maths. The chairman said in 11/08 that a good proportion of the EME sale proceeds would be returned to holders.

    46.8M EME shares*$1.02/34M FD FPO's in JRL = $1.40 PER JRL SHARE.

    That's why JRL shares are good buying at under 90c right now.
    JRL Price at posting: 89.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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