'No brainer' would be the the right words to describe it.
And hopefully with what happened in US on Fri night, we will have a chance to buy even more of these tomorrow at a dirt cheap price.
My understanding is that the settlement date should be around late December for the $33M TKO money they will receive for 70% of their 46.8M EME shares...a nice XMAS present for JRL.
And hopefully after that us shareholder will be given our own little present with a nice fully franked dividend. And then who knows what they will do with their remaining EME shares and their ALY shares.
Mind you, 'no-brainers' dont always work...was at the pub today and stuck a punt on a horse called 'no brainer'...didn't even place :-) Not much chance of that with this little stock imo though.
Cdchi1
JRL Price at posting:
$1.01 Sentiment: LT Buy Disclosure: Held