Although I share the basic view that @Noddie outlines, with a reasonably comparable investment outcome, I must say the dynamics of JVR today are quite different from 6 or 7 years ago when we had the last massive bull run.
Today's business is a collection of operations that chew up cash flow and are entirely dependant on the cobalt/nickel price complex.
In the mid 20teens, the company was licence rich and cash lite, looking for direction that Duncan P was never going to provide.
I am a little more circumspect today with Bryce's serious financial mis-steps taking the business outside of its own control. We now have debt, incomplete start up capital, negative cash flow and a very soft commodity market that leaves us stranded, and in need or either US government support, a strong joint venture partner or both.
Whilst I remain hopeful commodity prices will recover and Finland becomes cash flow positive, neither of these are in the bag.
Yes, "fortune favours the brave", but I cannot help feeling JRV now needs some dumb luck as well. My sentiment has now changed from buy to none as uncertainty increases.
Time will reveal all.
GLTASH
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Last
1.5¢ |
Change
-0.001(6.25%) |
Mkt cap ! $40.54M |
Open | High | Low | Value | Volume |
1.5¢ | 1.6¢ | 1.5¢ | $15.69K | 1.027M |
Buyers (Bids)
No. | Vol. | Price($) |
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6 | 2813088 | 1.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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1.6¢ | 2015578 | 8 |
View Market Depth
No. | Vol. | Price($) |
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6 | 2813088 | 0.015 |
20 | 18568010 | 0.014 |
14 | 2379351 | 0.013 |
18 | 14065655 | 0.012 |
8 | 2119180 | 0.011 |
Price($) | Vol. | No. |
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0.016 | 2015578 | 8 |
0.017 | 3428930 | 7 |
0.018 | 8606969 | 11 |
0.019 | 4514613 | 5 |
0.020 | 3753995 | 6 |
Last trade - 16.10pm 31/05/2024 (20 minute delay) ? |
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Last
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Change
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Open | High | Low | Volume | ||
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Last updated 15.59pm 31/05/2024 ? |
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