I'd be looking at $1 ++
Still undervalued, but we have a serious problem with a lot of investors who bought when JML was trading around 11-16 cents early 09. They're sitting on a good profit so you can't blame them for taking profits.
I'd say that they'd be a little foolish selling at 46-48 cents, but it's hard to make investors realise that taking the easy gains will exclude them from making the really big dollars.
The fact is, once you sell what will you invest in?
RIO at $60 or WBC at $25.
No, you'd better hold on and double your money with JML.
It's important to realise that as the shareprice moves up the movement whilst maybe less significant in percentage terms will actually deliver you a greater profit.
ie. 10 cents up 10% = 1 cent
48 cents up 10% = 4.8 cents.
100,000 shares up 10% from 10 cents/share or 1 cent = $1,000
100,000 shares up 10% from 48 cents/share or 4.8 cents =
$4,800 PROFIT.
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