We have been disappointed plenty on Jagercor Energy (JEM/JAMTF) in the past so everyone is reluctant to "believe" something different is coming. However, I'm trying to keep an open mind because what I am seeing is very encouraging as it pertains to the market and trading since last week. After an enormous 10mm share day early last week the stock cooled back to .02 from a high of .035 on JEM. Now, we are seeing big bids building at .025 with not much available at .03 which was cleaned out pretty much last week.
The management/directors are being coy, which leads me to believe that something is about to happen on the news front. If we see anything fairly substantial on the non dilutive financing front the share price could really move this time. I certainly know that they have attractive and producing projects that can be acquired so the money is and has been the big piece to close. Someone certainly believes that it's going to happen and it hasn't been us, the long term shareholders, driving the buying this time.
I think it is worth topping off positions up to .03. The big test is at .04 which it looks like we will test, probably even this week. .04 has been resistance twice since late 2016 but if that gets broken through there is not any real resistance until .08. If it gets through .08, there are very blue skies and anything can happen. I would expect lots of selling at the .08 level and it could take a few tries unless the news is huge.