I've now managed to fill my boots with JKA and free carried due to profit from another oiler.
I have had JKA on my watch list for some time, but always wondered if they were going to secure something to fulfill ASIC's requirements. And it now looks to have the goods.
Reasons for investment:
1. 768,099,597 shares.
2. $846K cash.
3. Current cash value backing $0.001c (current price $0.003c).
4. Market cap: $2,304,298.
4. PVD continued investment now owning 14.7% with a member on the board.
5. Commencement of BOT activity and knocking back of the price at close - classic accumulation.
6. I can easily see JKA having a $25-$30m market cap with PVD which equates to $0.04c with some good and realistic projects on the books.
From the weekly chart:
1. Obvious price increase on increased volume - buyers (PVD Etc) out weighing the sellers.
2. The increased volume (See above).
3. The MACD starting to turn.
4. Stochastics looking strong and not over bought.
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