JRL, JINDALEE RESOURCES LIMITED

[balance]

In Reply To: nipper's post @ Feb 1 2021, 08:31 PM

It may get mid 1.90s today with some luck. Sellers drying up.
Edit. Just did. 2 bucks maybe? Crazy but loving it.

[nipper]

In Reply To: balance's post @ Feb 1 2021, 08:10 PM

cracked $1.75 .... not bad seeing it was 80c in December and 40c in Sept last year

Jindalee Resources Limited (JRL) is involved in mineral exploration. The Group holds interests in tenements in the United States, Tasmania and Western Australia prospective for lithium, magnesite, gold, diamonds, nickel and iron ore, with most of these tenements wholly owned. The Group also has indirect interests in uranium, gold and base metals through various investee companies

latest kicker:
SHAREHOLDER UPDATE .... US LITHIUM ASSETS

• Initial assay results from McDermitt drilling expected late January
• Results from McDermitt metallurgical testwork due late January
• Jindalee exploring options for North American listing of lithium assets

[balance]

In Reply To: balance's post @ Jan 19 2021, 09:16 AM

And it keeps going. Hanging in there. If they can arouse some US interest with things changing over there it could well run quite a bit higher.
Volumes have picked up which is good to see.

Not a bad update issued today. here

[balance]

In Reply To: nipper's post @ Jan 19 2021, 09:04 AM

Getting a bit silly here now with only a few thousand on sale and up another 10% or so after yesterday's jump. Just a matter of when to pull the pin. Letting it run for now. Lithium back in favour and this has some news flow to keep it afloat.... For now anyway.

[nipper]

In Reply To: balance's post @ Jan 19 2021, 03:59 AM

Interesting views. There is always a trade off with small explorers, minnows, between running the company and getting teams to the field. A general description of JRL being

involved in mineral exploration; the Group holds interests in tenements in the United States, Tasmania and Western Australia prospective for lithium, magnesite, gold, diamonds, nickel and iron ore, with most of these tenements wholly owned. The Group also has indirect interests in uranium, gold and base metals through various investee companies

rings a few bells. Are they spreading too thinly?
Just looking at the recent Li announcements, there is an economy to the information presented. Just say the bare minimum; keep the market informed. The metallurgy is fascinating and may well come through. That Lithium is widespread, but in such low concentrations (as it is; salars or spodumene). Sedimentary hosting Li rich strata ....

The 32c entry point for recent rights issue. They would be happy. ... now $1.42
And 44 million shares. You are right about the tight ship.

[balance]

In Reply To: nipper's post @ Jan 18 2021, 08:02 PM

Hi Nipper, yes they fly under the radar. Not prone to hyperbole.

I spoke to Lindsay Dudfield many years ago about the time they last paid a dividend. He does seem to be a no BS type of guy. He owns about a third of the company and does not pay himself exorbitantly. They run a tight ship and have not issued squillions of shares.
I have no idea where this will end up price wise. Their deposit could be large but the lithium is not hosted in the usual way. I'd love to see the USA hype train get a roll on.

I only have a small holding, I'm a bit more circumspect with tiddlers these days, but it would help with my imminent retirement, ahem, redundancy.

[nipper]

In Reply To: balance's post @ Jan 18 2021, 06:25 PM

USA Lithium.

I suspect this one was over the horizon and off most punters' radars.

[balance]

This old friend is on a tear of late. Back in about 40c a few months ago. Did not expect this appreciation. Their lithium assets of growing interest.

[wolverine]

In Reply To: mme's post @ Jun 4 2011, 05:25 PM

MS just soaking up the stock he sold cum-div at the start of this financial year.

[mme]

In Reply To: wolverine's post @ May 24 2011, 07:52 PM

Few more putting their money where their mouths are!! I'm interested to see what maybe around the corner?