XAO 0.07% 8,010.5 all ordinaries

I know that charting a spec stock can have it's flaws, but...

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    I know that charting a spec stock can have it's flaws, but looking at longer time frames has helped me buy the base with minimum downside vs maximum upside. So with all that being said...


    JDR - monthly chart

    Some interest returning but maybe I'm grasping at straws here. It will take some decent volume to push it past 1.7/1.8c but huge upside if it can. Not much downside as it would be cash backed at 0.9c. EV of about $1m at 1.2c.

    https://hotcopper.com.au/data/attachments/1364/1364479-28bd0fc606c7bbc43b36a96e0690f6c9.jpg


    They've also mentioned an acquisition in the works with shares issued at 2.2c.


    https://hotcopper.com.au/data/attachments/1364/1364480-03ed41372c174f0dc0ce20a837d15dde.jpg

 
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