GREY:JNRRF - Post by User
Post by
ytriguyon Feb 19, 2003 6:20pm
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Post# 5880957
Lots of interest
Lots of interestI wouldn't be too quick to jump ship. There are several interested parties who have approached JNR. Roughrider is NOT out of the picture. They have to take a different approach then originally planned and that has caused a delay. Now its wide open. The first one to come up with the money is in on the play. This should spur roughrider to speed things up if they want in. Another possibility....... Look for the stock to be run up shortly(over .12)If that does happen, then JNR could raise the money themselves and drilling would begin with a minumun of delay. Any sort of a hit in the first 3 or 4 drill holes and the stock price will take care of itself. It would be a fair estimate to say that 3-4 million shares would have to be moved to reach .12 or over, but at this price range that isn't difficult to imagine. That would mean new investors at a higher price and the buyers in at .04-.06 would most likely be gone. You would think with the lack of news that the stock would be tumbling, but that's not the case. So obviously there is still lots of confidence in the play.