As I am still holding both JUTO and JUTOA, I am feeling this as much as anyone.....
Unfortunately the whole junior miner market has been hammered in this market. In fact, JUT is the only explorer in my holdings. I am very negative on the explorer market as a whole though. Why buy an explorer, when you get a producer like PEM for $40M.
I was originally excited about Onslow (and the historic drill reports), but JUT management decided to drop that project. I can't control that unfortunately.
I still like Liberty-Indee, and it could still be a huge find, with over 42 targets. But, as we have seen, raising capital in this market is VERY difficult.... and this is a killer for most juniors (not just JUT).
I still hold, but, I have have accepted that my JUTO and JUTOA are basically worthless.
It was not that long ago that directors where buying close to 20c.... they are hurting too... one VERY small consolidation.
JUT
jutt holdings limited
