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JNR Resources Inc JNRRF



GREY:JNRRF - Post by User

Bullboard Posts
Comment by megphion Sep 17, 2003 10:49am
119 Views
Post# 6426053

RE: Guts

RE: Guts You hit the nail right on the head! I invested in JNR to make money. That, ultimately, is the only reason. Like many of you who follow JNR on this site, I have had my money tied up for a long time. And like many of you, I also follow many other juniors. It becomes increasingly frustrating (although I do not have a background in geology) to see other juniors, in many cases, triple or quadruple in value since Labour Day with nearly no potential to host a viable deposit. And from a purely geological standpoint, there can not be a much better story than Moore Lake. So why do we not have a deal and why is the share price languishing? We do not have anybody selling the story. No market-maker. No news-letter writer. And no investor relations/promotions department. We need these things. The thought of not having news until December turns my stomach. We could probably raise $200,000 for 4 or 5 holes just from the people following JNR on this site. In the grand scheme of things, it really is not that much money. So why is it taking Rick so long to raise the money?? I believe in the viability of a uranium deposit at Moore Lake. I have absolute faith in Rick Kuzmirski's geological back-ground. I have even more faith in Rick's integrity. I don't have as much faith in his ability to move the share price up. I don't believe that good geology by itself is enough to move the share price. There has to be some selling and some promotion. As a part owner of JNR, I don't believe that my shareholder value is being maximized. The share price is so low that you could buy JNR in its entirety for less than it is planning to raise for a drilling program. Uranium is at $12 a pound. It has nearly doubled in less than 3 years. If gold would have doubled in 3 years, do you think any gold juniors would be running into as many problems raising money? I am frustrated and hope that Rick gets a deal done soon. I don't want to wait for a major until December. I believe that if we don't have a deal by October 1, we should talk to Rick and see if he is willing to consolidate or try to raise the money privately. But we sure as ?&@$ can't wait until December. I know that I am not willing to leave my money tied up forever. We need Rick to get us a deal NOW!!
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