JRL 11.8% $3.13 jindalee resources limited

Jeffy'No brainer' would be the the right words to describe...

  1. 8,616 Posts.
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    Jeffy

    '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
 
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