Is this correct?27 Mar 2026 12:18
The share premium account contains £149,000,000.
JLP are due to receive a total of $90,000,000 from OneChrome.
JLP own various piles of rock, a mine and processing plants.
The market cap of JLP is only £105,000,000.
Should the company be immediately wound up with assets returned to shareholders? Even if we walked away from all the Zambian operations, that would still equate to a payment of around 6.2p per share. Flogging the assets might increase that to more than 8p per share.
Am I missing something?