JRL
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11.8% $3.13 jindalee resources limited

So what's going to happen here with JRL'S holding?? Is the 70%...

  1. sle
    7,430 Posts.
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    08/09/09
    11:16
    Post #: 5612114
    So what's going to happen here with JRL'S holding?? Is the 70% sale of JRL returned to shareholders? So given that there is 46.8 million EME shares times 70% equals around 33 million dollars to JRL coffers. Return this to the shareholders and this equals around a dollar a share plus we still have the 30% holding ie. 14 milion shares in EME and all the other holdings etc!!

    With this in mind JRL is a buy then big time!!
    JRL Price at posting: 85.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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