I just re read the annual report. Hedged to Dec 2010 and this
"The Board expects that the financial performance of Jumbuck will continue to be solid during FY2010."
I think I will continue to accumulate in the thirties. Also happy in the twenties if some one wants to keep selling.
No debt and $7+ million in cash. It will be hard to go broke. You would think acquisition or further capital management will be necessary to keep the cash working.
JMB Price at posting:
$1.75 Sentiment: Buy Disclosure: Held