re: katy telling porkies It's being ramped to death...Upcoming...

re: katy telling porkies It's being ramped to death...

Upcoming issue at 2.5c will need support...they will want the price to be trading near 2.7c to see a decent take-up.

On screen action is designed to get people to buy and to push the price up...get on the right side of it and you might make some money.

The problem with such scenarios however is they tend to lead to dead ends.

By the way...the large order was for about 6m shares at 2.3c...more than likely just parties involved with the share issue, but possibly also just a larger trader looking to make $6k by selling at 2.4c tomorrow.

If...and it's a very big IF...if JRV ever manage to sign up a serious JV partner for Young, there is value to be found in the current share price...but nothing even remotely close to the figures being kicked around here.

With some 1,000,000,000 shares on issue...50c per share would see JRV with a market cap near $500,000,000...LOL...it's simply not going to happen.

Cheers!