Two recent deals have raised cash at an implied price of around 110p, bringing Mitsubishi into the fold as an investor in a JLP subsidiary, the shares have recently secondary listed in S Africa, widening investor appeal and we await a key drill update and development plan within weeks which it is highly likely Mitsubishi are happy about.
Interestingly, I note from the JLP bulletin board that private investor paulypilot has recently tripled his holding to 300000 shares.
There are broker notes suggesting a share price potential north of 240p.
