Patience grasshopper. I like JRV. The fundamentals are impressive and the BoD are highly experienced. The low number of shares on issue is an attractive feature also.
With cash on hand + investments in ELT & EXU, they have approx $3m to fund drilling at NiCo Young. I doubt JRV will liquidate their ELT & EXU investments just yet which means a CR is imminent ... unless of course they can monetize the Bullabulling royalty which isn't likely IMO.
The move up to 40c has been fun to watch, but the chart suggests buyers are running out of steam. Either way, I think I'll wait to find out how they plan on funding a drill program.
Ann: Annual Report to shareholders, page-108
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Last
1.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $29.73M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.2¢ | 1.1¢ | $11.76K | 1.060M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 357346 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 4465861 | 12 |
View Market Depth
| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| JRV (ASX) Chart |
