looks like the market likes it
Up yest on solid volume. Looks like JGL has some support and with only a small number of shares on issue (55 mill) this co could go a lot higher. Esp if carbon credit trading gains momentum and support in the future which i think it will. Major companies will ahve to fund more environmentally friendly ways of producing which is costly or they can buy carbon credits off other companies which produce renewable energy, tree plantations, etc. So as the 'green' companies are credited with carbon credits, the value of the companies should rise not only due to the companies product but also due to the increasing value of the carbon credits they own. Other companies which cannot or will not lower their greenhouse emissions will be having to buy/trade these credits. I think this is something that will happen as time goes on as all governments/businesses/individuals accept that something must be done to reduce emissions. So companies like JGL and PHY IMHO have potential to be valued in the future at a higher price than just the value they carry for the product they presently deliver. cheers
JGL Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held