re: 100k taken at close....smell something? Energy Metals should trade at approximately 50c given its higher grade but lower tonnage uranium resources. At 50c, Jindalee's share would be worth $5m. Market cap of JRL is now only $9m. Too cheap considering it has many other JV with companies like NCM and TeckCominco. I got some at 29c. Share price is weak because many bought the shares just for the Energy Metal entitlement and sold after the record date.
Also, a very good commentary on Jindalee on page 7 of
http://www.summitresources.com.au/pdf/reports/independent/FarEastCR-June2005.pdf
It shows the comparison of the uranium companies.
re: 100k taken at close....smell something? Energy Metals should...
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