2 years and absolutely nothing accomplished, page-36

Extract from 2016 Annual Report telling us again the same thing now for 7 years whilst the cash runs down further year after year. The end of the resources boom was to herald in an opportunity in the mining space for JRL.

Yet, despite LD's review of "hundreds" of potential deals over 7 years only one small peripheral investment in a lapsed tenement has become available that meets the company's "strict criteria". Pull the other leg!

Better for long suffering shareholders to wind up the company and distribute the NTA and let everyone move on. The "executive" directors have other interests to pursue than their part time 'jobs' at JRL each taking in approx $130,000 pa.

"In line with the Company’s business strategy, during the period management also evaluated numerous advanced projects in both Australia and overseas, with a view to securing an opportunity capable of growing the Group and creating wealth for Shareholders, and this continues to be our primary focus. " [Extract from 2016 Annual Report]