I am amazed that the directors of JKA have not advised us shareholders what to do ... they are eith just sitting on the fence … or they dont have any ability to manage corporate affairs.
Merger / takeover looks 99% dead... BUT I have a bad feeling that Tangiers will keep ALL the JKA shares from the Yes votes, now c 11% of the company.
This will provide Tangiers will a potential source of finance in the future (by selling JKA shares if price recovers) And this will damage JKAs ability to get the share price up to raise fresh Capital.
That is why I am surprised that the Board of Jacka have not warned its shareholders about this bloody deal. In all my day I have never seen anything like this from the Board of a company.
JKA Price at posting:
8.3¢ Sentiment: Hold Disclosure: Held
