JRL 11.8% $3.13 jindalee resources limited

Not that I own JRL anymore but they sold EME with a market cap...

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    Not that I own JRL anymore but they sold EME with a market cap around $100m vs ($32k purchase price) and unloaded their GTE for around 45c/share and some other thing (that escapes my memory) was spun out and taken over. There was discussion of an in specie transfer of ALY to JRL holders but there was a technical valid legal reason why this wasn't allowable so IMO they should have cashed in but I don't doubt there were some conflicting reasons to hang in or sell out. They didn't sell but clearly should have in hindsight.

    To say they missed the biggest bull market is simply not correct.

    The chances of picking something up from here on has gone up and will continue to improve going forward and at some point when commodities turn you will see the price move accordingly.

    ALY currently have NST and IGO doing the expensive heavy lifting which is exactly what JRL is all about.
 
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Currently unlisted public company.

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