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.
I have been thinking about the JRO holding lately, and I found...
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Last
0.3¢ |
Change
0.001(20.0%) |
Mkt cap ! $18.53M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $3.621K | 1.257M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 121 | 181496973 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 20055545 | 43 |
| Last trade - 15.53pm 04/07/2024 (20 minute delay) ? |
| 1MC (ASX) Chart |
Day chart unavailable