another way to access uranium ipo
Energy Metals IPO will be almost impossible to get unless you were an eligible shareholder of Jindalee Resources sometime in middle July. However, JRL will still own 10m shares in Energy Metals which is close to 50%.
Energy Metals will be expected to open at 50c given it's high grade uranium resource. That will give JRL an extra $2.5m value which is almost 30% of its current market cap. THis has not been factored into the JRL current price so for those who wants exposure to the Energy Metal float, hop onto JRL.
JRL market cap: $9m Cash: $3.5 Energy Metals at 25c (float price): $2.5m Gold and nickel JV with Newcrest, TeckCominco, Golden West etc: $3m
Energy Metals will definitely open at close to 50c. That will revalue JRL at close to $12m, a 30% increase. We shall see if what I predict is right. At least 40c by 31st August!
JRL Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
