JNR Resources Inc JNRRF

RE: support level?

[megphi]

The Lundins came in and supported IUC today with a bid of 262,000 shares at $2.25. They then changed their bid to 250,000 at $2.30. IUC closed the week at $2.43, up $0.20 from its low for the day. I expect that the correction is over and we might see some institutional buying come in next week and I think we will re-visit the low $0.60's by Wednesday. A 5% rise in the price of uranium will not hurt either.