JRL 11.8% $3.13 jindalee resources limited

re: woul you buy jrl now Their 'current assets' is now pretty...

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    re: woul you buy jrl now Their 'current assets' is now pretty clsoe to their market cap...but they have a large number of JVs going on...if one of these makes a hit...watch out. For example, GWE is doing a large drill program now...point of interest that Ross Kennedy heads GWE. If they hit nickel (and there is a decent chance) then JRL will rocket. I hold GWE too...and pretty much anything else Ross Kennedy is involved in lol.

    I also bought as a hedge should EME keep going up...(since i sold at 90c). IF EME drops significantly, i will thensell the JRL (probly with a loss but not to same extent as if i held EME) and buy the EME back. If EME goes up i will benefit from appreciating JRL SP.

    Cdchi1
 
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Currently unlisted public company.

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