JAL has a bank account of $0.98M (at end September).750,000 shares in WCR valued at $0.1M. No other assets. Its spending money on 'exploration' and admin at a rate of $0.5M per quarter. Will be out of cash by Feb 2011 at this rate. Despite a poor track record and no investor goodwill people are buying this in the hundreds of thousands each day, sometimes over a millions at a price about 3x the value of its ever shrinking asset pool. Hmm what will come of this exploring and what will/can they do if they find.
JAL Price at posting:
3.9¢ Sentiment: Hold Disclosure: Held
