or JRL could be taken over along with EME by a bigger...

or JRL could be taken over along with EME by a bigger fish...there are two - majority shareholder of EME (?cant remember name - uranium major) OR PDN.
anyway its all speculation atm, as long as they produce results with drillbit i think JRLs discount to EME will increase. When i first got in at 1.05 (thanks to few posters on hotcopper who alerted me to this "buffett stock"!) it was trading at 62% of its intrinsic value (assumed to be worth or URA and EME plus options). As of Friday that fell lower to about 58% (at 1.29 - my top up price). anyway if EME retraces then my 1.29 wont be such a good move but still the discount buffers any drop in EME. anyway very comfortable with JRL for now, better if they sell more URA to increase cash backing and free carry all their other investments!
ill feel more comfortable if they sold some EME when escrows up - im not a longterm believer of uranium. only got JRL because of its SIGNIFICANT discount to "value" , which is hedged to EME (very volatile variable imho hence the discount).
good luck all JRL holders