The share price has had some activity which is nice, 16c to 29c in just over a month but on very small volumes. The cash backing I think is now down to about 16c so buyers are viewing at least some of the assets as having real value.
JRL have been snoozing for SO long it is hard to imagine something might finally be happening. However there have been a number of false starts over the last few years where the share price has jumped up only to fall like a stone again. Is this the time that is "different" ?
A new CEO being appointing is something that is different and I would like to think his role is for something tangible (ie drill some holes, finalise a deal, buy something) and not just to continue the endless JRL cycle of evaluating opportunities.
JRL Price at posting:
29.0¢ Sentiment: Hold Disclosure: Held
