One share either up or down. Don't sweat the small stuff!JBL...

One share either up or down. Don't sweat the small stuff!

JBL shares up around 7percent on open (not as much as some would have liked!).

Gutted by the statement:

"The Transaction value places a significant discount to the valuation of the PLA assets determined by Independent Expert, Venmyn Deloitte (Pty) Limited, a subsidiary of Deloitte Consulting (Pty) Limited."

Also interesting that Macquarie ends up a winner and substancial holder in the new group::

"Also as part of the Transaction, 50% of current debt held by the senior creditor in PLA will be converted into equity in the Enlarged Group valued at approximately AU$11.1 million (£7.5 million). This conversion of debt to equity will result in an overall interest of 54.5% for existing Jubilee shareholders in the Enlarged Group. It will also enhance the Enlarged Group’s balance sheet enabling the group to target project financing for the development of its targeted projects."