re: jackson gold - cheap - low share issue Re: the Chart. Massive double bottom at 10c on a weekly chart gives 30c target.
Their is a number of reasons for the move. 1. They have a nickel JV with Lion Ore right next to Lion Ore's Silver Swan mine. Lion Orse are apparently v. excited but have been unable to go hard because Placer has the gold rights on the ground and want to know what happens if you discover a nickel mine and gold mine side-by-side - who gets to develop it? So drilling has been held up by fine legal points for a year! An agreement is obviously imminent. One hole with a sniff of silver swan would send the stock to 80c+. Secondly: They have big Central Asia landholdings with big ounces. Too risky for Aussies so they are backing it into an AIM listing. They will retain something like 20% and get cash back for money spent to date. This too held up for about 9 months. Third. Very wealthy and respected player Toni Poli just taken a major shareholding to find deals and unlock value in existing assets. He is followed closely in Perth and as with most ventures - better to back the jockey. He was very successful with past involvements and it's likely Hartleys clients are buying to simply follow him in.
Plus tight register and only 70m shares on issue. So all ingredients in place.
JAK
jackson minerals limited
