Club Mulgoa

Tuesday, March 08, 2011

JRV

JRV is worth almost next to nothing but don't ask me why. It has a large scandium deposit but don't ask me what is it used for but it has value. But when it begins the process of developing the deposit, you can be sure someone will notice it.

http://en.wikipedia.org/wiki/Scandium

http://www.asx.com.au/asxpdf/20110309/pdf/41xb0zc9d1mfm9.pdf

JRV has dramatic ups and downs because it is moving between 0.4c and 0.6c. You cannot quote a buy price less than 0.1c per share or option at under 1c. Anyone going for a ride to a rubbish tip or el dorado? It is one or the other!

I didn't bother with research because I bought at 0.5c. There must be billions of JRV shares! When a stock has billions of share, it has difficulty with raising capital. But again don't ask me why. This is the same as for RAU. Somehow, the banks have a very low opinion of these companies. Is it possible that it has already raised dilutional share purchase plans in the past but the capital has not been well utilized?

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