re: jbm --future growth../blackoil
Huntley's think Nickel is worth $5us/lb & that is an incorrect assumption.
They think $5us/lb with an $AUD of 72 cents is being "optimistic".
The biggest mistake Huntleys has made with JBM's valuation is "cash in the bank"
I asked 12 months ago how Huntley can value JBM's $100 Million+ at ~25 cents per share when obviously it is worth more(over $1).
Huntleys are obviously smart or they would not have the coverage they do but JBM is one company they obviously have no understanding of.
Better value elsewhere, Last Update - 11/04/2002.
JBM was about $1.60 then.
~$1 in dividends since then & a nice Capital gain.
LOL, Huntley's must think they can double their money "elsewhere" every year.
Huntley's have made themselves a laughing stock by calling JBM a "sell" for long.
It was suggested long, long ago by a few posters on Hotcopper that they would be better off providing NO coverage of JBM rather than creating a laughing stock of themselves.
Huntley's last sell reccomendation came in at just under $8.
The last Sell Reccomendation before that was at around $5.50.
Dividends, Exploration Success, High Nickel prices, proven performance obviously means little to them.
Cheers.
JBM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
