Siren4 agree with all your comments. The mining cycle is turning...

Siren4 agree with all your comments. The mining cycle is turning slowly and many bargains (lithium anyone!) have already been snapped up and fortunes made. JRL need to act now as explorers are able to raise money again and the price of mining assets will start to rise. Any longer than another 12 months we will have gone all the way through a boom then bust without doing anything. JRL can no longer claim that the price of assets is too high such as was their message for about 8 years of the cycle.

The problem with doing nothing for so long is that it is harder to take action when it is needed because inertia of all that inaction is so strong.

I will continue to hold for another 12 months only because I have come this far. However a sensible investor would cash out. The best thing for investors would be for JRL to close and return cash, however that happens very seldom on the ASX and that is because of "lifestyle" MD's and directors. I would never have thought that of Lindsay but eventually the facts will speak for themselves.