JKA 0.00% 0.3¢ jacka resources limited

three fracture reserviors and three to go, page-2

  1. 327 Posts.
    lightbulb Created with Sketch. 15
    Yes I agree the market overlooked some very positive news !

    Also Jka -16.36 % today . To me seems VERY oversold .
    I might be wrong but without the trading halt I believe Jka before today's trading might have been 13c especially with the momentum and excitement just before the trading halt was announced .

    So based on my 0.13c calculations to today's close of 0.092, I look at today's fall more around 29-30 %

    The 3.25 million raised was approx 10% dilution on Jka current market cap before today's trade, So I believe fair value today would Of been 0.115c .

    Anyway that's possibly how opportunity is created, but I'm defiantly not always right .

    I look forward to their next announcement !
 
watchlist Created with Sketch. Add JKA (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.