JLL 6.78% 31.5¢ jindalee lithium limited

Ann: Jindalee repositioning as pure-play US lithium company, page-79

  1. 310 Posts.
    lightbulb Created with Sketch. 25
    There was a short article on the Financial Review yesterday:

    "There’s hot competition for the mandate to help Jindalee Resources demerge its Australian and American assets.

    Street Talk understands the company is running a so-called beauty parade this week and is close to appointing at least one joint lead manager.

    And while the likes of Bell Potter, Shaw and Partners and Curran & Co have all worked for the company in the past, sources told this column stockbroker Canaccord Genuity is well-placed to snare the mandate given its US presence."

    Further:

    "Fundies reckon it woudn’t be unusual for McDermitt to be worth $500 million-odd..."

    Along with our WA-based assets, our current market cap doesn't seem to be near full and/or factored in value?
    Not too late for a reasonable buy in price?
 
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31.5¢
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