Yea Gods, people aren't actually buying JAT shares are they? Followed this stock on and off for years only because I know the guys that restructured it to its current form. Its the proverbial money pit - its had more starts than Pharlap - quite literally. Every trendy investment theme JAT is there. Coal mining in Indonesia, alternative energy producing fuel from some weird seed that also turned out to be an environmental weed - also in Indonesia. And that was just the start - burning investors cash as fast as they are dumb enough to put it in.
Look at the current ones - beauty creams, powdered milk, artificial meat!
I reckon the only people who ever actually made money from JAT were the insiders - especially the restructure guys that take a company shell out of administration, raise a first round of capital to dilute the poor sucker shareholders that were still on board when the original company finally sank and then look for a good story to float the 'new' vehicle back on to the ASX with the major second capital raising (at a much higher price than the first) for the listing. Then, having relisted it take every chance they can after the withholding period comes off to get rid of their shares - hopefully while the price holds up on a stream of 'good news'.
Look at the chart guys! This isn't investing - its wishful thinking. The only people making money are the Directors via their fees and people selling new ventures into the company.
This company must nearly be due for a consolidation, administration and renewal....don't be there when the lights finally go out. Check out the History of SSI if you want an example of how this game works.....
DYOR.
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Last
76.0¢ |
Change
-0.020(2.56%) |
Mkt cap ! $63.28M |
Open | High | Low | Value | Volume |
78.0¢ | 78.5¢ | 73.5¢ | $8.188K | 10.62K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 25000 | 73.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
76.5¢ | 9899 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 25000 | 0.730 |
2 | 31388 | 0.720 |
1 | 10000 | 0.715 |
1 | 10000 | 0.705 |
1 | 3000 | 0.680 |
Price($) | Vol. | No. |
---|---|---|
0.765 | 9899 | 1 |
0.770 | 33716 | 2 |
0.780 | 22894 | 1 |
0.785 | 43690 | 1 |
0.795 | 10808 | 2 |
Last trade - 15.39pm 19/08/2024 (20 minute delay) ? |
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JAT (ASX) Chart |