JNR Resources Inc JNRRF

Dynamics are changing

[megphi]

Seems to be lots of institutional money coming in as they believe they can make money at these levels. Conversley, it looks like retail money is leaving after the tremendous appreciation that began in the fall of 2003. Ureka belives this is a bad sign as he believes mutual funds are always late to the party with spec plays. I am in total disagreement as I believe mutual funds and institutional money brings credibality to the play. Institutional money has bought in the vicinity of 30% of the outstanding shares in the $0.50 range in the last few months. I see this as a good sign in the context of the current drill program and I believe the share price will appreciate much higher from this current level. At least I hope I'm right and Ureka is wrong.