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1.5¢ jervois global limited

JRV Cobalt, page-589

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niako

2,500 Posts.

19

30/08/23

08:39

Post #: 69627272
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Originally posted by Jack1960: ↑

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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On the bright it's still trading at least!

JRV Price at posting: 4.8¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 1.5¢		Change 0.000(0.00%)		Mkt cap ! $40.54M

Open	High	Low	Value	Volume
1.5¢	1.5¢	1.5¢	$3.342K	222.7K

Buyers (Bids)

No.	Vol.	Price($)
28	23020340	1.4¢

Sellers (Offers)

Price($)	Vol.	No.
1.5¢	1558385	8

View Market Depth

No.	Vol.	Price($)
28	23020416	0.014
16	3269157	0.013
17	14016220	0.012
10	2419747	0.011
10	1800949	0.010

Price($)	Vol.	No.
0.015	1558461	8
0.016	2105161	8
0.017	2592457	6
0.018	8710313	12
0.019	4533386	6

Last trade - 10.20am 30/05/2024 (20 minute delay)


Last 1.5¢			Change 0.000 ( 3.33 %)
Open	High		Low	Volume
1.5¢	1.5¢		1.5¢	42445
Last updated 10.25am 30/05/2024 ?

JRV (ASX) Chart

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