Question 1 - I worded it badly... - no I wouldn't make a big investment and not keep an eye on it - I watch JRV like a hawk - I have automatic email alerts setup through Westpac Broking and Google News - I know within a couple of minutes when anything happens RE: JRV. The point I meant to make was - I don't care if I bought at 2 cents and it's down to 1.4 cents... because I believe that in 10 years it will be $10... I also believe (as obviously does Norm...) that the time is close to Young going into production - I do think we have one last hurdle, but it's a just a matter of time before they give up - Duncan was quoted as saying (by someone on HC) that any potential large investor in the Young project (Chinese or other...) would "want to go it alone..." - ie. they wouldn't want to drag along and split the profits with several thousand investors... We need to reject this absolutely - Our major concern is a sell-out - a hostile takeover - someone offering 5 or 10 cents for our "2 cent shares" (that are really worth $10...)
Question 2 - "is the recovery problem over" - I don't know - but I think Duncan said yes - and I believed him and I think Norm believed him...
JRV Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
