There have been a couple posts on JRL and its pricing compared with NTA, particularly its holding in EME. Perhaps this has flown under the radar? But that may be because the directors of JRL are flying so low…
Certainly the NTA discount has been considerable as highlighted on page 1 of JRLs last annual report. JRL sp should be approx 40% of EMEs sp based just on JRLs holding in EME. So on close today JRL should have been $1.52 instead of $1.30. JRL also hold 2.7m URA shares + cash…
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