RE: vision31 Aug 2016 01:00
TJI has around $3.5m. in cash, + $6.5m from the sale of the plot.
That's circa $10m. Say $9.5m just to cover costs etc... Costs are negligible in this company so this more than covers two/three years...
The two remaining plots are for sale at an asking price of $7.5m. (at least for one of them), I believe they are now worth slightly more than the 1st one, but assuming they were both sold @ $13m. ($6.5m each as well), that would mean that the company should have $19.5m. to give back to shareholders, and it is currently valued at $11m. / $0.395/share @ $19.5m. it would be: $0.70/share
I do not think the SP will rise much over $0.6/share upon announcement of the shares but I am in because I believe shareholders will be given back $0.70/share soon, that's nearly a bagger and I am very happy with that because it is extremely safe... In the unlikely event that they do not announce another investment, the SP could spike higher even and I might hold or sell depending on the investment made.
With regards to the email propagated recently on Twitter, whilst it may not be real, the investment here is very real... This is not a tech. with high risk or a miner that could go bust in 6 months' time...
DYOR
Vision