I have been thinking about the JRO holding lately, and I found it hard to understand what JRO is trying to achieve. The following is my observation on JRO selling AJM.
It will take JRO around 3-4 months to offload everything at 2 million a day, and depresses the shares for a long period of time, which is really not good for JRO to recoup as much as possible of its previous investment. Hence, the better way is to do a deal with someone. However, this is not happening and the share price shall be heading down everyday. I feel like JRO is trying to destroy money on purpose. This whole thing smells something but I do not know what.
AJM Price at posting:
11.5¢ Sentiment: Hold Disclosure: Held
