JRL 11.8% $3.13 jindalee resources limited

If the shareprice only falls to 98c to $1 that means for a $1.35...

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    If the shareprice only falls to 98c to $1 that means for a $1.35 or $1.36 purchase cost today you receive 98c-$1.00 on sale of shares tomorrow + 55c dividend (distributed 23 July) + 23.57c franking credit (total value $1.7657-$1.7857).

    I would be surprised (and delighted) if this happens.

    I have a sneaking suspicion the shareprice was being capped (don't know why) in run up to the ex-dividend date and that tomorrow it may only fall the value of the dividend (without also falling by an amount for the franking credits).

    i.e. Despite my earlier post I have a suspicion JRL may only fall to around 80c.
 
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