JKA
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0.00% 0.3¢ jacka resources limited

Hi looking. Please be careful. The directors have 'sold' the Aje...

  1. Chilloutman
    461 Posts.
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    15/03/16
    09:05
    Post #: 17274307
    Hi looking. Please be careful. The directors have 'sold' the Aje project to London listed MXO for MXO shares and $1 million dollars cash. MXO have just sold the Aje project for $18 million cash. So as far as I can see JKA won't be earning anything in the immediate future and, if the cash burn rate continues as it was last quarter, they may need to raise money next year. All IMO and please do you own research.
    JKA Price at posting: 0.3¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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