JRL 11.8% $3.13 jindalee resources limited

64 cent share in companies! currently 32 cents

  1. sle
    7,430 Posts.
    lightbulb Created with Sketch. 58
    No need to preach to the converted who already hold but I'd say the figure hasn't changed much since the end of December 2008. Possibly a tad higher. Note the wording!!

    At 31 December 2008 Jindalee held 39.9% of the issued capital of Energy Metals Limited with one
    Jindalee Director also on the Board of Energy Metals Limited. This means Jindalee is considered to
    control Energy Metals Limited and, as a result current accounting standards require that Energy Metals’ accounts are consolidated with those of Jindalee.

    Your Directors are concerned that the Consolidated Accounts may give shareholders an incorrect impression of Jindalee’s true financial position.

    At 31 December 2008 Jindalee had no debt and held shares in investee companies (including Energy Metals) worth approximately $20M (equivalent to $0.64 per share or $0.62 fully diluted). Jindalee combines a diverse portfolio of attractive exploration projects with a strong balance sheet and is well placed to take advantage of opportunities identified by the Company.

    I know which company I would target to get a controlling interest in EME!! Resource upgrade etc for Bigryli due this month!

    Uranium sector holding nicely with spot price at good levels. Remember BHP have put on hold Olympic Dam!

    EME presentation recently highlights (though the figures are a little old) the potential of uranium with the amount of reactors to come on line etc!

 
watchlist Created with Sketch. Add JRL (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.