OKJ 0.00% 1.5¢ oakajee corporation limited

At 8c still a tiny $3m EV so market could just be waking up to...

  1. 221 Posts.
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    At 8c still a tiny $3m EV so market could just be waking up to this.

    This is one of the best shells left given only 90m shares and top 20 with circa 75% (mainly because all the others now have new projects!). Management have skin in the game (17% - a plus compared to other juniors), but thankfully not enough to block any future actions should patience finally run out.

    OKJ does invest in other listed equities (and maybe they have done well) - personally I find this annoying and not what was stated as the purpose when they raised capital. Cash in and deliver a new project or some meaningful exploration on the current ones.

    For me, the attraction here is the potential M&A (they really should be able to attract something decent given capital structure) or we could finally be seeing some action on the very promising Nickel project in the NT (ground previously held by IGO with OKJ adding additional ground with applications pending).

    Good luck all!
 
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