re: woul you buy jrl now WOWSERS EME went ballistic, 90c was too...

re: woul you buy jrl now WOWSERS EME went ballistic, 90c was too good to pass up so i sold.

However, JRL loks interesting now.

Lets do some numbers:

They hold 10 million shares, at 90c thats 9million

They have around 3 million cash, so total assets now 12 million

if they hold the EME shares for 30 days, they can apply for 1 option for every 2 EME shares for 1c, with ex price of 30c, so thats another 5 million shares wiht a net asset value of around 3-4 million.

So thats around 15-16 million in assets.

Their market cap is aorund 18 million

They have a shytload of JVs going.

Is it a buy? Depenbds on what EME SP does...but i think yes (so i bought).

Cdchi1