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We obviously has some flippers taking about 7% profit. We need some volume after the interview to clear these and then we will rise. Normal placing action going on. Some people do not care about potential they just take part in placings and take their profits.
Best we can hope for here is a management rampathon, which I think we will get. Target for me 2p
You have to ask, who has taken these shares? Placing announced at 4.35 and completed at 6.08. If this is an institution or kobold connected then the sp may not fall that much.
And of course he will walk away with no explanation.
Let them go bust and pick up the assets cheap ? Let’s face it the whole market is a big scam. Yes you can get lucky as we all have now and again but in general it is a scheme to take money from the private punters.
Not until the bod tell us what the hell the plan is.
I give up. What a crap show.
Back down we go, due to people once again getting fed up with the bod not delivering.
Typical disappointment.
Will we get news this week or just the ever so normal disappointment?
As hemo said, they have to do something before end of march, it’s all too coincidental to me.
My guess is that AJAX will be buying or doing a JV as operator on some of JAYs assets which will bring in some cash for JAY.
Seems to obvious to me.
Look guys, Ashton had Dundas at $22m.
Even if they get a third of that it is equal to today’s market cap. I think that is easily possible.
Put in all the other assets which will be sold , and buying at anything up to 3p is a no brainer imo. At the current price it is a steal.
Of course non of this includes Disko, what will the value of the biggest asset be ?
Bigger than all of the above by a few multiples?
But dyor.
A-s-h-t-o-n, I do hope you are right though! and fair point about the 20p.
Also. Your valuation is over 13x current market cap and this does not include disko. Surely the market cannot be that far off?
Thanks for figures, but why have you got Dundas at 22m when they said it was not worth pursuing?
DYOR
IvRoche, You mention a very good point.
Although the BOD have said Disko will be their sole focus they did not say they will sell all of the other assets. Your point of farm outs is a very valid. Maybe some of the parties who the company have been speaking too want to take a controlling interest and leave Jay with a smaller stake in some projects with a smaller amount of cash changing hands.
Are these answers from the BOD? or just your own assumptions?
Are you goi g to leave it on your radar until it is over a penny?