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JAC jacana minerals limited

You maybe right however, I came into SYR at 20c via my holding...

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Pedro14

624 Posts.

17

27/11/14

18:52

Post #: 14367227
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Originally posted by tpcs ↑

I'm not considering buying in - I'll hold my bonus shares from demerger though.

For me the problem with buying in at 20c is the company will have cash of maybe $9mill after float and double the shares (assuming fully subscribed).

That's an asset backing of $0.09 and hence a share price of ????? $0.03 in the current climate is a real possibility.

However, if PK takes a large chunk of the float there may be more confidence that there's something worth having.

Just my opinion, empahatically DYOR.

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You maybe right however, I came into SYR at 20c via my holding in CSE back in 2007.

Big fan of Tom Eadie and hopefully he can do it again .

JAC Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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